Monday, January 24, 2011

Big Buyers Reach for Gold

NEW YORK (TheStreet) -- Phil Streible, senior market strategist at Lind-Waldock, says that the GLD's 20 ton pop on Friday could point to a big buyer in the market



Gold -- is trying to stage a comeback on Monday because golden -- on the spot price at just over four dollars. Threading -- its bills kriegel senior market strategist at -- a walled up now -- He'll be adding almost twenty tons of gold on Friday does that mean an investor demanded back.

Gold Output Up In China

Gold mining in China is up as rises prices support more production.

Morning Market Update for January 24, 2011

Stocks on Wall Street opened flat. Investors are digesting earnings from McDonald's and Halliburton. J.C. Penney shares are rising on news of a restructuring plan. Packaging firm RockTenn is buying larger rival Smurfit Stone for $3.5 billion.

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