Gold rises on economic optimism
MarketWatch
Gold futures rose early on Monday, receiving a lift from U.S. data showing rising income and spending, and with higher crude-oil prices lifting the appeal of gold as a hedge against inflation. Gold for April delivery was recently up $6.10, or 0.6%, to $1,089.90 an ounce in electronic trade.
[ Read Full Article]

Major gold, silver funds see outflows in January
Reuters
The world’s largest gold-backed exchange-traded fund, New York’s SPDR Gold Trust (GLD), said its holdings fell 21.7 tonnes or 1.9 percent in January, against a rise of 63.36 tonnes or 8.1 percent in the same month of 2009. Data showed the trust, which issues securities backed by physical stocks of gold, held 1,111.922 tonnes of bullion on Friday, the last trading day of January, against 1,133.622 tonnes on Dec. 31.y.
[ Read Full Article]

Gold Prices Rally as “Speculative Excess” Falls Back and “Smart Money” Slashes Its Bearish Position
Bullion Vault
Gold Prices jumped into the start of New York dealing on Monday, rising 1.3% from last week’s 3-month low as world stock markets struggled to hold flat. Crude oil ticked back above $74 per barrel, while European government bonds were unchanged but US Treasuries fell ahead of President Barack Obama’s 2010 budget announcement.
[ Read Full Article]

Honest Money Gold and Silver Report
GoldEagle
Gold is trying to carve out a bottom, as it fell 11.20 for the week, closing at $1081.50 (-1.02%). Downside momentum has lessened from last week’s 3% decline. The big question now is: where is gold going to from here? No one knows for sure, but let’s take a look at where it is, and where it has come from, in order to determine the most probable scenario going forward. The following chart gives a long term perspective on gold - covering the start of its bull market until the present. It is a monthly chart that rises from the lower left to the upper right: a bullish signature.
[ Read Full Article]

Are Precious Metals Melting or Firming Up?
Safe Haven
The past two months have been tough on the precious metals sector. We saw precious metals lead the market higher all of last year until December 2009 when prices plummeted as the US Dollar started to bounce. The continued rise in stocks indicated an extreme overbought condition and alerted us that a sharp pullback was going to take place. Many traders including myself were surprised that the broad market did not sell down with the metals. In December the market looked and felt ready for a sharp pullback but new money continued to flow into stocks, pushing the market higher. This slow and steady grind higher was very frustrating to watch because the market was making new highs day after day while obviously needing to take a breather at any time.
[ Read Full Article]

Silver Market Update
By: Clive Maund
After rising up to the return line of a high channel, silver broke lower and then plunged precipitously back to support near its 200-day moving average. We saw this coming and sidestepped it a day before the decline started in earnest, although the rise predicted to follow this reaction now looks way too optimistic given the severe deterioration that has set in across most markets, including in particular the copper and PM stock index breakdowns, which is increasing the risk of another deflationary rout.
[ Read Full Article]

What Does The Dow:Gold Ratio Signal For Prices Ahead?
GoldSeek
If the Dow Jones Index is expressed in the only currency that does not inflate over time then the ongoing bear market is very clearly visible, with the rally of last year nothing more than that, and we have to ask how will this ratio proceed until it reverts to the bottom of one last seen in 1980. Then the gold price was $850 an ounce and the Dow index highly depressed during the last big US recession. Looking at this chart and extrapolating forward then gold prices look to be going much higher, while the Dow Jones is in for another downturn.
[ Read Full Article]