tag:blogger.com,1999:blog-991324269440587462024-02-07T14:15:38.599+08:00Malaysia Gold InvestmentGold | Online Gold Trading | Gold Investment | Malaysia Gold Investment | Daily Metal Commentary | Daily Gold Report | Commodities Research | Gold Market Watch | Gold Coin | US Gold | Daily Gold Price | US Gold Investment | Gold ira | Gold Online TradingUnknownnoreply@blogger.comBlogger765125tag:blogger.com,1999:blog-99132426944058746.post-59218657429661865892020-09-14T22:01:00.005+08:002020-09-14T22:01:42.233+08:00Gold edges up on weaker dollar, dovish U.S. Fed policy bets <p> Gold edged higher on Monday, helped by a weaker
dollar and expectations that the U.S. Federal Reserve will reiterate its
dovish monetary policy stance this week.</p><div class="group"><p> Spot gold was up by 0.1% at $1,943.58 per ounce. U.S. gold futures rose 0.1% to $1,950.10 per ounce.</p><span></span><p>“Gold
is firm on the basis that the Fed could adopt a further dovish message
with respect to average inflation targeting,” said Michael Hewson, chief
market analyst at CMC Markets UK. “If you want to have a policy of
average inflation targeting, you’re going to have to go into detail as
to how you are going to arrive at that particular outcome.” </p><p>The
dollar retreated on Mond</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0ktu4-GZ5koU-3pVi7xriY99VSyJDhywKAHCRaj_CmDMW3F0_Zput3yKZDE7Go6Bj0KW-ISXsxpc_fVkH95sDRr_bQo8r2qWRpPz11caUYWsNyCAXoPWzDDMuIxVwVnHZ3YF5pBSSAOU/s1262/Gold+chart+1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="487" data-original-width="1262" height="241" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0ktu4-GZ5koU-3pVi7xriY99VSyJDhywKAHCRaj_CmDMW3F0_Zput3yKZDE7Go6Bj0KW-ISXsxpc_fVkH95sDRr_bQo8r2qWRpPz11caUYWsNyCAXoPWzDDMuIxVwVnHZ3YF5pBSSAOU/w625-h241/Gold+chart+1.jpg" width="625" /></a></div><p>ay, bolstering gold’s appeal for investors
holding other currencies, ahead of the Fed’s policy decision due on
Wednesday.</p><p> “If inflation forecasts remain at 2% or below, this
could offer gold a tailwind as the zero-yielding metal thrives in a
low-interest rate environment,” said FXTM analyst Lukman Otunuga. Market
participants are also waiting for the Bank of Japan and the Bank of
England’s policy decisions due on Thursday.</p><p>Investors also took
stock of uncertainty surrounding the UK’s Brexit deal, as Prime Minister
Boris Johnson’s plan breaching parts of the treaty faces vote in
parliament later in the day. </p><p>Capping gold’s gains, AstraZeneca
resumed its Phase-III trial, rekindling hopes for a potential vaccine
against COVID-19 and giving a boost to global stock markets.</p><span></span><p>Gold
is likely to remain trapped in a range in the near term due to the
conflicting forces buffeting the commodity with major headwinds in the
form of rising vaccine hopes and positive economic data from major
economies, FXTM’s Otunuga said.</p><p>Silver gained 0.3% at $26.83 per ounce, platinum rose 1.3% to $937.35, while palladium slipped 0.2% to $2,315.29.</p></div>Unknownnoreply@blogger.com4tag:blogger.com,1999:blog-99132426944058746.post-86277671178121242832020-09-06T21:16:00.002+08:002020-09-06T21:16:38.434+08:00Gold Price Futures (GC) Technical Analysis – Trader Reaction to Minor 50% Level at $1954.80 Sets the Tone<p> </p><div class="Body-sc-17zpet9-0 gDugvT"><div><p>Gold futures closed lower
on Thursday but up from its low of the session as investors battled a
number of factors including U.S. economic data and outside market
influences.</p>
<p>Earlier in the session, gold fell over 1%, as positive economic data
elevated hopes for a quick recovery while dampening the investment
appeal of the precious metal.</p></div></div>
<p>On Thursday, <a href="https://www.fxempire.com/markets/gold/overview">December Comex gold futures</a> settled at $1937.40, down $11.60 or -0.60%.</p>
<p>On the data front, a drop in <a href="https://www.fxempire.com/macro/united-states/initial-jobless-claims">U.S. jobless claims</a> reported Thursday and positive manufacturing data reported earlier in the week are taking some shine off gold. A weaker <a href="https://www.fxempire.com/markets/eur-usd/overview">Euro</a> is also weighing on dollar-denominated gold by driving up thU.S. Dollar Index.</p>
<p>U.S. weekly jobless claims fell below 1 million last week for the
second time since the pandemic started, but did not signal a strong
recovery in the labor market because the drop largely reflected a change
in the methodology used to address seasonal fluctuations in data.
Earlier in the week, a report showed U.S. manufacturing activity
accelerated to a near two-year high in August.</p><h2>Daily Swing Chart Technical Analysis</h2>
<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJpdzXItmRn6CBuifyWlCnwoP5vxnh16yPhbfSSIhU7x7RglW8wKgofLS9JPKcBEy0ngYMHlhPnsbdgqdjKS3jsOJfYu5EZpOsPnprAvFuKsqGGexBV93kcSAt0_ExeBzbI_VH2CkgBGY/s875/Gold+chart.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="352" data-original-width="875" height="251" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJpdzXItmRn6CBuifyWlCnwoP5vxnh16yPhbfSSIhU7x7RglW8wKgofLS9JPKcBEy0ngYMHlhPnsbdgqdjKS3jsOJfYu5EZpOsPnprAvFuKsqGGexBV93kcSAt0_ExeBzbI_VH2CkgBGY/w625-h251/Gold+chart.jpg" width="625" /></a></div><br />The main trend is up according to the daily swing chart, however,
momentum is trending lower based on the formation of two secondary lower
tops at $2001.20 and $2024.60. A trade through $1908.40 will change the
main trend to down.<p></p>
<p>The minor range is $1908.40 to $2001.20. Its 50% level at $1954.80 is potential resistance.</p>
<p>The short-term range is $2089.20 to $1874.20. Its retracement zone at
$1981.70 to $2007.10 is resistance. This zone stopped the rally at
$2001.20 earlier in the week.</p>
<p>The main support is the $1889.70 to $1842.60 retracement zone. This zone stopped the selling at $1874.20 on August 12.</p>
<span></span><p> </p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-99132426944058746.post-87359343294439366862016-11-15T14:14:00.003+08:002016-11-15T14:14:48.025+08:00India, not Trump, is the real reason behind the crash in gold prices <br />
<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzlEtlrM7Xd1WQIb90UhUB9YBXd8u22su52fI1RaT9cb_rJJmZ7tzr7wWOKF8rjI6wheIo1y3Sm8dqCf5Mg5ne5zq0Oh9YBPSHc0-kG2E5m-Sg3bQg806DSaWNfaYlNgZ7Wfdvm1iV41U/s1600/2016-trump-dollar-gold-obverse.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzlEtlrM7Xd1WQIb90UhUB9YBXd8u22su52fI1RaT9cb_rJJmZ7tzr7wWOKF8rjI6wheIo1y3Sm8dqCf5Mg5ne5zq0Oh9YBPSHc0-kG2E5m-Sg3bQg806DSaWNfaYlNgZ7Wfdvm1iV41U/s320/2016-trump-dollar-gold-obverse.jpg" width="320" /></a></div>
<br />
If you have been puzzled about the crash in gold prices after Donald
Trump's election, you are in the company of almost every analyst and
media outlet in the western world.<br />
<br />
Gold and silver are a major
part of the research at The Arora Report. A combination of our proven
precious metal algorithms, extensive resources and knowledge of the
emerging markets led us to alert subscribers to The Arora Report early
that gold was about to crash and the reason behind it. Immediately after
the election, the net position of The Arora Report in gold, silver and
miners has been short as part of a sophisticated strategy.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-99132426944058746.post-24507357697485146482014-05-28T09:32:00.002+08:002014-05-28T09:32:44.591+08:00Gold: Abnormal Behavior By Jim Rogers<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjD2HHDQz_-GfJB3c2wxoItO-H5zcgVSbYq8mn40LeVbkIlJ4jVh3uGfmnwdiCh5Rwu4P0fCzU0o8oxHcNWR3hJ7J9_yXy8l58f4_g579HImqOvTGviQcqz8giyKhs_zbDBvssdvUZYOLQ/s1600/Gold.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjD2HHDQz_-GfJB3c2wxoItO-H5zcgVSbYq8mn40LeVbkIlJ4jVh3uGfmnwdiCh5Rwu4P0fCzU0o8oxHcNWR3hJ7J9_yXy8l58f4_g579HImqOvTGviQcqz8giyKhs_zbDBvssdvUZYOLQ/s1600/Gold.png" height="328" width="400" /></a></div>
Gold: Abnormal Behavior By Jim RogersUnknownnoreply@blogger.com0tag:blogger.com,1999:blog-99132426944058746.post-10904098419860393412014-05-06T08:10:00.001+08:002014-05-06T08:10:22.144+08:00Gold price are likely to fade as US interest rates move higher<div data-angle="0" data-canvas-width="49.70999881482125" data-font-name="g_font_8_0" dir="ltr" style="font-family: sans-serif; left: 374.883px; top: 864.117px; transform-origin: 0% 0% 0px; transform: rotate(0deg) scale(1.03562, 1);">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi93kK26cESV4EHpautT9G0H-7TsvbkdkdtV_z37urGlKam6yq32gxQrGIS6vCGcYpNl2VrtfAlQtIw4Mb9nvvUV2N4EZi2iyoOPkCKIscLNwmvKo9qKjdi_9VcOvYrMpTxjIK1x_tOf5A/s1600/Gold+Chart.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi93kK26cESV4EHpautT9G0H-7TsvbkdkdtV_z37urGlKam6yq32gxQrGIS6vCGcYpNl2VrtfAlQtIw4Mb9nvvUV2N4EZi2iyoOPkCKIscLNwmvKo9qKjdi_9VcOvYrMpTxjIK1x_tOf5A/s1600/Gold+Chart.jpg" height="195" width="400" /></a></div>
<span style="font-size: small;">Gold bounced back above its 200d MA this morning after China returned to the market after a long weekend. We still believe that rallies in the gold price are likely to fade as US interest rates move higher. Support for the metal that emanates from geo- political risk around Russia and the Ukraine is very difficult to trade ,given that the price action is event and news flow driven. As a result we also believe that the influence of this event on the gold price is also likely to be transitory. We rather focus on underlying physical demand developments for the metal in Asia and developments in US interest rate. Gold support is at its 200d MA at $1,299 and $1,291. Resistance is at $1,316 and $1,320.</span><br />
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<span style="font-size: small;">As far as Chinese demand is concerned, we note that demand has improved marginally in the past two weeks, with the SGE premium shifting from being well in the negative territory into a marginally positive territory around the $0.50 level. This does signal that demand from especially China is likely to improve on dips below $1,300. However , we would also expect the SGE premium to move back into negative territory if gold moved to f ar above $1,300</span></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-99132426944058746.post-5721079860586182562014-04-22T08:20:00.001+08:002014-04-22T08:20:20.942+08:00Gold Selling Could Dry Up Soon.<div data-angle="0" data-canvas-width="177.47999576854707" data-font-name="g_font_5_0" dir="ltr" style="font-family: sans-serif; left: 90px; top: 425.683px; transform-origin: 0% 0% 0px; transform: rotate(0deg) scale(0.924375, 1);">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgA1CSPFrHsk2Bpt7en9GtUjbKvEiujBlr0o7xHxvH_Lov3gwl01mXPfu3Ur7-AiJL9BE0nsWV9bZSAcLf21BzBjnIYl9vUVM9XjcRO_tL99bZhPo60ezYf86KTDqqo3kMIHIDJoHdUIio/s1600/republican_gold_rect.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgA1CSPFrHsk2Bpt7en9GtUjbKvEiujBlr0o7xHxvH_Lov3gwl01mXPfu3Ur7-AiJL9BE0nsWV9bZSAcLf21BzBjnIYl9vUVM9XjcRO_tL99bZhPo60ezYf86KTDqqo3kMIHIDJoHdUIio/s1600/republican_gold_rect.jpg" height="213" width="320" /></a></div>
<span style="font-size: small;">Gold for June delivery fell $5.40, to settle at $1,288.50 an ounce on the Comex division of the New York Mercantile Exchange. That was the lowest settlement for a most - ctive contract since April 3. May silver also took a hit, losing nearly 25 cents to $19.35 an ounce. </span><br />
<br />
<span style="font-size: small;">Gold prices had brea ched the 200 - day moving average around $1,299 right before the long weekend, which may have prompted some technical - based selling.The 100 - day moving average around $1277.0 could be the next target, and a close under that level could send gold even lower. But the producer- merchant segment of Comex participants are now showing their lowest short position in eight years, which indicates that selling could dry up soon. </span><br />
<br />
<span style="font-size: small;">Traders kept watch on the Ukraine - Russia conflict. The international organization tasked with helping to defuse the crisis intends to work on bolstering its ranks with more monitors. </span></div>
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-99132426944058746.post-14657743543544271012014-04-16T08:16:00.001+08:002014-04-16T08:16:09.780+08:00For the gold price, two outcomes are possible.<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3gfCRGlmekzSvuL3kuSSW8NKl1ZeGYP6rjhZ99FOtng79BTiSdiGh_pqUu8GOjXvoIXk-9ly_O3hYn3ye_epEchd7S2upfM_7IIpO5antPD4h6eZfR9ipq_7-TPWE0YjWRLUbteDHYXg/s1600/Gold+chart.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3gfCRGlmekzSvuL3kuSSW8NKl1ZeGYP6rjhZ99FOtng79BTiSdiGh_pqUu8GOjXvoIXk-9ly_O3hYn3ye_epEchd7S2upfM_7IIpO5antPD4h6eZfR9ipq_7-TPWE0YjWRLUbteDHYXg/s1600/Gold+chart.png" height="276" width="400" /></a></div>
For the gold price, two outcomes are possible. First is a return to or
near the April low ($1,277.40). Second is a drop to a lower low, $1,240 -
$1,260. Yet a third possible outcome is that the June and December lows
were not a double bottom and one further drop may come. I account that
the least likely, and look for a low here by the end of the week, but
I'm no more'n a nacheral born durnd fool from Tennessee, so what do I
know?<br />
<br />
You'd think that an institution charged with promoting the gold industry
would produce reports that at least cast the best light on gold's
prospects. You'd think wrong, if you're thinking about the World Gold
Council. They've been negative on gold for, oh, the last 14 years or so.
Today they issued a report that contained a nugget about Chinese
business using physical gold as collateral for bank credit ($40 bn
worth) but they managed to tease a gloomy forecast even out of this
inventive monetary use. That and bad economic news out of China appeared
to be the catalyst for gold's drop today. <br />
<br />
But when the drop is ready, the cause appears. That fall was likely
already in the market, and the report, plus jitters over the first
anniversary of the April Massacre in gold and silver last year,
furnished an excuse. I had been thinking that the gold price had
possibly completed a three leg (A-B-C) correction, but clearly another
leg remains. That began today. Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-99132426944058746.post-1112569306240824982014-03-04T09:27:00.001+08:002014-03-04T09:27:44.863+08:00Ukraine Crisis Send Gold Price Move Higher <div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgABtQupQ968fvviurSsiCuhPZA5eCeEKwAEH8u5dIiUdZaFluOiaOtFGMrJiLJyDchWYa2LnThUnsPExnJmKNivdpt4YKA8HTx1Y01Pplvsp0nkCF1sJbdEqjlIqdHIhZyshvFoV_BXh0/s1600/images.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgABtQupQ968fvviurSsiCuhPZA5eCeEKwAEH8u5dIiUdZaFluOiaOtFGMrJiLJyDchWYa2LnThUnsPExnJmKNivdpt4YKA8HTx1Y01Pplvsp0nkCF1sJbdEqjlIqdHIhZyshvFoV_BXh0/s1600/images.jpg" height="213" width="320" /></a></div>
Heightened geopolitical tensions surrounding Ukraine, combined with
technically oriented buying, pushed gold futures to their highest close
since late October on Monday.
<br />
Much of the buying was described as a flight
to safety, particularly as the equity market tumbled, with short
covering adding more fuel to gold’s move.<br />
“Obviously, with all of the turmoil in Crimea,
gold has basically reasserted its role as a safe-haven play,” said Jim
Comiskey, senior account executive with Archer Financial Services.<br />
Russian troops reportedly entered Crimea after
the previous pro-Russian government of Ukraine fell. CNN quoted
Ukraine’s defense ministry as saying that the Russian commander of the
Black Sea Fleet went aboard a blocked Ukrainian warship in Crimea’s
Sevastopol Harbor and issued a threat to surrender or else face an
attack. Russia’s parliament is also reportedly considering the
annexation of Crimea. Western nations have condemned Russia’s actions.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-99132426944058746.post-91349814992507017552014-02-28T16:01:00.001+08:002014-02-28T16:01:09.235+08:00Gold price tries again to break through $1,360 resistance<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiZjFVvNeCsBxM_BdVLv4daSj7lu6AATraNh5UnV089jxRqo4MqS0YXcbW4Mg9EkLFqjAmlP1tUn-HZYkCtTnxlGp3icXFn4BkI_zTCSh-ONLw8UeVQPpMTK26eysubxYVYbZXDzvfDFw/s1600/yellen.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiZjFVvNeCsBxM_BdVLv4daSj7lu6AATraNh5UnV089jxRqo4MqS0YXcbW4Mg9EkLFqjAmlP1tUn-HZYkCtTnxlGp3icXFn4BkI_zTCSh-ONLw8UeVQPpMTK26eysubxYVYbZXDzvfDFw/s1600/yellen.jpg" height="285" width="400" /></a></div>
Mama Yellen spake to the Senate Banking Committee, and her remarks are
the reason cited by the media for stocks rise today. As usual, I
couldn't tease anything so optimistic out of her remarks, but observed
she has adopted the Greenspan Technique of saying nothing in a lot of
words. But if stocks were willing to rise on a speech like that, they
were rising anyway.<br />
<br />
Coming week probably put the cap on gold prices for a little while. Stocks are laboring to rise, but not convincingly. Of course, I might have it all wrong and this might prove no more than a
short breath-catcher before the gold price tries again to break through
$1,360 resistance.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-99132426944058746.post-84361668805491834992014-02-18T07:52:00.000+08:002014-02-18T07:52:01.047+08:00Gold Chart - Stochastic indicator that is flashing a warning<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgNhBcilhx9cHdqvnwLP9EU96UOkiKC9rQTkrfpxwNqYYsYMzUkKaTq5T2tHaNUrPKdZD1jsKcOAuw_N4GeZ87bNg4z3gUHbfy8ql4lUlmyS9Ckva_M4ZgDWsVrSkU_vUuq8f2Zrwx0WtI/s1600/15022014-daily-gold-price.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgNhBcilhx9cHdqvnwLP9EU96UOkiKC9rQTkrfpxwNqYYsYMzUkKaTq5T2tHaNUrPKdZD1jsKcOAuw_N4GeZ87bNg4z3gUHbfy8ql4lUlmyS9Ckva_M4ZgDWsVrSkU_vUuq8f2Zrwx0WtI/s1600/15022014-daily-gold-price.png" /></a></div>
The Gold Price
very nearly broke upward through its since-August-2013 downtrend line
this week, the chart shows a double bottom, other indicators are
floating upward, and it has broken through its 20 week moving average. The daily chart is just too beautiful to miss. Look here, The gold price hath climbed straight up from an upside-down head and
shoulders up through the neckline, broken through old resistance from
$1,290 - $1,300, and today closed above its 200 DMA for the first time
since February a year ago.<br />
<br />
Only problem with this picture is that it can leave us so giddy that we
overlook that stochastic indicator that is flashing a warning. I don't
think this rally has ended, but around $1,350 - $1,360 it will likely
begin losing altitude. This rally has run since 31 December 2013.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-99132426944058746.post-85549777941937882332013-10-24T10:41:00.000+08:002013-10-24T10:41:53.574+08:00Gold is fading<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgny0mvHnNBS6iABZUZi64FCo2dksBEX_dY8K2NGe8vti45blMAzd4lUXvEe65PpDlgHgRy8UsceWfbacOS0dRLh6CzzrZRGY6FnPN7cfODIcN4CKkGiCfnAfDdC1jCJAnDia1X1Bg391w/s1600/Chinese_gold_dragon.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgny0mvHnNBS6iABZUZi64FCo2dksBEX_dY8K2NGe8vti45blMAzd4lUXvEe65PpDlgHgRy8UsceWfbacOS0dRLh6CzzrZRGY6FnPN7cfODIcN4CKkGiCfnAfDdC1jCJAnDia1X1Bg391w/s1600/Chinese_gold_dragon.jpg" /></a></div>
After yesterday’s rally in the gold price, gold is fading. As mentioned yesterday, physical demand has slowed over the past fewdays, which could drain some support for gold. In fact, with the rally in the gold price yesterday towards $1,340, gold demandfrom China seems to have eased already. This is evident in the SGE premium, which overnight dropped from around $10/oz yesterday to $7/oz this morning. This premium is down from almost $20/oz on 15 October when gold was trading below $1,290. As a result, from a tactical perspective, we believe that price rallies should be sold<br /> into on approach of $1,450. <br /> <br />We maintain it will be difficult for gold to sustain a rally in an environment where investment demand via the ETFs is weak, and physical demand in Asia falls away on price rallies. That said , we would expect physical demand to pick up below $1,300, as it did around 15 October. Furthermore, US bond yields have decline d sharply since yesterday, <br />with the 10-year government bond trading at 2.49% this morning, down from 2.75% less than a week ago—lower bond yields are supportive for gold. This in our view, combined with physical demand that strengthens below $1,300, makes shorting gold even more risky when the price is below $1,300. <br /> <br />Gold support is at $1,305 and $1,283. Resistance is at $1,330 and $1,346. Silver support is at $21.20 and $21.01, resistance is at $22.10 and $22.20. Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-99132426944058746.post-73994590178003514202013-08-21T08:27:00.000+08:002013-08-21T08:27:02.568+08:00Gold Steady Awaiting Minutes of The Fed<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWR6AbJFbxzks7sSZiDHXedr-_6Ci7mAkYRHv8onJyJX42Fb-i3MMi-sykQ4SDjNwedVNhX41zXRuv366EkTIO1phA5RsnOJYve51Nvw715_j16ORdDntJzP0jxhJ9mdrAY_LbrQ4vRcQ/s1600/gold-2-569x355.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="199" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWR6AbJFbxzks7sSZiDHXedr-_6Ci7mAkYRHv8onJyJX42Fb-i3MMi-sykQ4SDjNwedVNhX41zXRuv366EkTIO1phA5RsnOJYve51Nvw715_j16ORdDntJzP0jxhJ9mdrAY_LbrQ4vRcQ/s320/gold-2-569x355.jpg" width="320" /></a></div>
Gold prices stabilized, cutting back on earlier losses as the dollar
dropped against other major currencies, but continuing in a slight range
before the minutes of the U.S. Federal Reserve’s July meeting on
Wednesday.
<br />
News from the Fed is carefully watched for signs around the outlook
for U.S. monetary policy, a key of changing gold prices, as rumor around
mounts that the bank could taper its $85 billion monthly bond-buying
program as early as September.<br />
Spot gold was at $1,366.14 an ounce at 1034 GMT, slightly changed
from $1,365.48 late on Monday, whereas U.S. December gold futures
delivery increased 50 cents at $1,366.20 an ounce.<br />
The dollar index dropped 0.3% and world shares also fell to their
lowest in more than a month on Tuesday on hesitation ahead of the
release of the Fed minutes on Wednesday.<br />
<br />
<br />
Peter Fertig, a consultant at Quantitative Commodity Research said “I
don’t think the minutes will provide a clear signal about the September
taper. If they could have, they would already have done so in the FOMC
statement,” he also added “We will just get a reflection of the
discussion, and we already know that some members would vote to start
the tapering, and others would like to wait and see. It will be further
waiting and further speculating,”<br />
Gold dropped as low as $1,352.20 an ounce in earlier trade. The London A.M. fix is at $1,365.75.<br />
Gold buying from China, the world’s second largest bullion consumer,
traders said. Gold futures from Shanghai dropped 1% after a
three-session increase.<br />
Gold futures in India eased from an 8-month high on Tuesday as an
improvement in the rupee and an early fall in overseas markets prompted
buyers to cash in gains.<br />
Traders in India said they will begin importing gold again over the
next week, after the central bank of county cleared up a rule that halt
the flow of the precious metal into the number one gold consumer at the
end of July.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-99132426944058746.post-11518700823053810332013-07-11T13:08:00.001+08:002013-07-11T13:08:53.342+08:00Hong Kong Gold Exports to China are Escalating<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7ChS_INoM1GGWxxeEvU0CGNquZNrv-XRS9omFfxzsYuY5yFw0NHZt86ndAszTbMPqlmPl-ISGa0EdSrA7V3pLUW5jwispLaPSKT4nrZfjllnqsvwa5LgTNRUAKmkw75VXxrS1keyEa6w/s1600/Chinese_gold_dragon.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7ChS_INoM1GGWxxeEvU0CGNquZNrv-XRS9omFfxzsYuY5yFw0NHZt86ndAszTbMPqlmPl-ISGa0EdSrA7V3pLUW5jwispLaPSKT4nrZfjllnqsvwa5LgTNRUAKmkw75VXxrS1keyEa6w/s1600/Chinese_gold_dragon.jpg" /></a>Hong Kong’s net gold exports in April were 80.1 tons it increased to
108.8 tons in May. Gold exports hit a record high of 136.2 tons in
March, the Hong Kong Census and Statistics Department said.<br />
Analysts said it was the second strongest monthly hit on record, they
added, lower prices appealed mainland buyers. Gold lost more than 26
percent of its value up to now this year, encouraging a rush for gold
bars, coins and jewelry in Asia.<br />
<br />
Hong Kong’s gold exports came to 413.4 tons for the first 5 months
this year, twice of that from the year-ago period. China’s gold imports
of 2012 reached 832.2 tons.<br />
<br />
However, analysts said that due to heavy buying through the first 5
months of the year, they don’t think that buying on this scale will
continue till the end of the year. Buyers are as well positioning off
purchases in expectation of a further decrease in gold prices.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-99132426944058746.post-83173302309427863822013-06-12T17:08:00.003+08:002013-06-12T17:08:59.703+08:00Bank of Japan increased the fears from Investing of gold<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiq1MwfAaCePkgKSap40uPV2BlVK0l3F2zP5etefNCcSAjh0hY46_NPCRLz8gBx7fcdo5JUnzu9xaptXH0NhHFCXSw8TXOMB1npIWaJdowUsYQY2ZmpF-4cIqvtgLBv3Ie5cMjtZLy3oVw/s1600/index.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiq1MwfAaCePkgKSap40uPV2BlVK0l3F2zP5etefNCcSAjh0hY46_NPCRLz8gBx7fcdo5JUnzu9xaptXH0NhHFCXSw8TXOMB1npIWaJdowUsYQY2ZmpF-4cIqvtgLBv3Ie5cMjtZLy3oVw/s320/index.jpg" width="320" /></a></div>
Gold price all over the world, watched a global decline, but the main
fear came from the Central bank of japan. In which the Japanese bank go
stronger on its quantitative easing program ( printing more money )
while it is neglecting its gold and foreign exchange cover.<br />
<br />
It was the main event today affected gold price and caused its
decline today. The central banks of Japan decided today to go on
its quantitative easing program, Neglecting its gold reserver. The move
of Japan today, said to the world that, Gold reserver is not that
important. the issue which increased the fears of investors from Gold
market.<br />
<br />
As a normal result for the move of japan we watched a decline in Gold
price in the global market, Influenced by the japanese move today
decreased the demand on gold. From the point of view of the bank of
Japan they said that “If you look at the chart, recent rallies over the
last couple months have been selling opportunities,” also they made an
expectation about gold price for the next month.<br />
The expectation of the Central Bank of japan, is the range of support
for August gold, around at the level of $1,365 area, then $1,336-$1,337
USD/ Ounce of gold.<br />
If the expectation of the central Bank of Japan came true, we will watch the end of the safe heaven.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-99132426944058746.post-81162616502051389672013-05-31T08:11:00.000+08:002013-05-31T08:11:04.586+08:00Now priced at around $1,416.15 an ounce?<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEir2BLugPDyYYSEyycCNJHgnjXYEj2Mmt1D4j0SLmf9vsVLnjjDmIuyl9PHYyiUUwrQoc-D0uzCn0HtEklG_u0BM_XgJEndI5dbE1jtNw_1H571cfWtROKBWqtWqatGDn6IasLXyylLzhc/s1600/negotiations-370x229.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="198" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEir2BLugPDyYYSEyycCNJHgnjXYEj2Mmt1D4j0SLmf9vsVLnjjDmIuyl9PHYyiUUwrQoc-D0uzCn0HtEklG_u0BM_XgJEndI5dbE1jtNw_1H571cfWtROKBWqtWqatGDn6IasLXyylLzhc/s320/negotiations-370x229.jpg" width="320" /></a></div>
The price of gold shot up today as the precious metal hit a new two
week high. Now priced at around $1,416.15 an ounce, gold seems to be
stabilizing after it has only slightly increased in the past few days.
The US dollar also declined today helping the precious metal gain
traction.<br />
<br />
This comes after news that the jobless claims in the United States
has increased following a patch of steady decline. The Labor Department
reported that almost 10,000 people applied for unemployment in the past
week alone increasing it to about 354,000 people. Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-99132426944058746.post-24729289133532092882013-05-30T08:11:00.002+08:002013-05-30T08:11:55.992+08:00Currently, gold is $1,388.06 an ounce. <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYtfZ-IEDLGG6cbVsQrnNYXtRI-AC7xlA169MfXWpP8ClPntzesZOHzbBriGVJw4sSxJ2NtCkEP1LQ1pKSoJ37j3jyEOmMvAsm5HwTZ1m5qLlPxkbvvgFNTjJH7AcgQbg2PEbd-KJ98fM/s1600/gold-2-569x355.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="199" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYtfZ-IEDLGG6cbVsQrnNYXtRI-AC7xlA169MfXWpP8ClPntzesZOHzbBriGVJw4sSxJ2NtCkEP1LQ1pKSoJ37j3jyEOmMvAsm5HwTZ1m5qLlPxkbvvgFNTjJH7AcgQbg2PEbd-KJ98fM/s320/gold-2-569x355.jpg" width="320" /></a>Usually when the price of gold declines, the U.S. dollar becomes
stronger. This was the case today. As the U.S. dollar dipped, the price
of gold slightly increased giving hope to downtrodden investors.
<br />
Currently, gold is $1,388.06 an ounce.<br />
<br />
It was also a relatively good day for mining stocks and ETFS.
Although numerous companies saw their stock increased it was only by a
few cents. The biggest riser was Randgold Gold Mining Co. Ltd that
increase $1.57 while Agnio-Eagle Mines Limited saw their stock grow
nearly 2%. When it came to ETFS, Physical Asian Gold was again the only
ETF that did show a profit. The ETF was down almost 1.3%.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-99132426944058746.post-80836362594553535372013-05-28T11:09:00.001+08:002013-05-28T11:09:26.730+08:00To Buy, Keep, or Sell<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhM04-k4as68nzvAfV_7mLUdPdjQnRvN7_s4AVukSNdaKAuquaFOE18ErhzoTfO5XKGfR34Eu_Q1HvFFjdoEioWYJXs1TyiELpXOe9ttTSg1C5JL2zRqiH_MGcJu3rTT24g_yLbPpfo0IM/s1600/would-steve-jobs-sell-gold-now.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhM04-k4as68nzvAfV_7mLUdPdjQnRvN7_s4AVukSNdaKAuquaFOE18ErhzoTfO5XKGfR34Eu_Q1HvFFjdoEioWYJXs1TyiELpXOe9ttTSg1C5JL2zRqiH_MGcJu3rTT24g_yLbPpfo0IM/s320/would-steve-jobs-sell-gold-now.jpg" width="212" /></a></div>
Deciding when, how, and where to invest isn’t easy. If it were, more
people would do it and everyone would be rich. Investing is tricky and
there’s an amount of risk that goes into investing whether it’s stocks,
gold, or a budding company.<br />
<br />
When it comes to gold, anything could happen. Many analysts are
confident that this is the end for gold. For others like Paul Schatz,
the president of Heritage Capital, well he still thinks gold has a
little fight left in it. In a note to clients he wrote, “I do not
believe there is enough evidence at this time to conclude that the
secular bull market in gold has ended.” In fact he thinks people are too
negative when it comes to gold prices. His advice? “If you give it a
little room I think the next big move in gold is to the upside.”<br />
<br />
Buying, keeping, and selling stock is a private matter. People like
Schatz can give you suggestions, but you ultimately must make the
decision. With such a volatile market, chances are we’ll see prices ebb
and flow before leveling out. But if you expect it to happen overnight,
it just won’t happen.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-99132426944058746.post-1946919342118715032013-05-20T08:17:00.001+08:002013-05-20T08:17:59.616+08:00What is expected for Gold Price?<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPv3ksrf1zaCTA0VIFuMB5fmtolwc_cbrsQEmMKAtrmoSjjjj6kpmhQS2pcsDPuhSXm9mTXvGkM_NR1ynxH69LdSOQZw-W1I5-jJdnLdEGF344VfKH8gGHQn0cTfHu-BS6_-AcR0Y-LeA/s1600/gold-2-569x355.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="199" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPv3ksrf1zaCTA0VIFuMB5fmtolwc_cbrsQEmMKAtrmoSjjjj6kpmhQS2pcsDPuhSXm9mTXvGkM_NR1ynxH69LdSOQZw-W1I5-jJdnLdEGF344VfKH8gGHQn0cTfHu-BS6_-AcR0Y-LeA/s320/gold-2-569x355.jpg" width="320" /></a></div>
Gold price continued the trading through on Thursday and Friday on
weak evidence and a downward curve, to close on Friday at the level of
$1360.20 USD/Ounce of gold by a decline equal to 1.85%.<br />
We have witnessed a decline in gold price for the seventh straight
session, the longest losing streak for gold price since March 2009 after
declining holdings of funds, exchange-traded funds to its lowest level
in 4 years. At the time investors headed to Stock market because of the
high Fluctuate of gold price.<br />
Many of investors in gold starts to reduce the possession of the
precious metal, Some investors said that they will never buy gold even
if gold price reached to $800 USD/ Ounce.<br />
<br />
In a report, the World Gold Council said on Thursday that investors
did not buy enough gold during the first quarter, even the big investors
did not buy enough to offset outflows from ETFs. The total demand for
gold in the world 963 thousand tons in the first quarter, down by 13%
compared with the same period of last year.<br />
after all i said if you expect a good news about gold it is your personal problem.<br />
<br />
There were signs of weakness of gold over the past few sessions. Gold
prices have fallen this month by the largest proportion by about
7.91%. Since today is the last day of this week, I believe that the
decline will continue during the trading of the next week because of the
global financial situation. It is expected for gold prices that the
trading of the next week will witness a wave of landing, which is
expected to be short-lived amid anticipation by a new economic data.<br />
<br />
It is expected a decline in the demand for gold significantly over
the next few months. ETF decreased by 16% to 2214 tonnes since the
beginning of the year also SPDR Fund holdings decreased by 23% since the
beginning of the year. Therefore I recommend for you to forget about
investing of gold for the next few session until gold price witnes a
stability point.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-99132426944058746.post-56439133161006114492013-05-10T08:04:00.001+08:002013-05-10T08:04:41.833+08:00Bad News for Gold as Prices Slip<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBtwo2PU1lx5U9zrNYADjEGytZbjtF58Jg92kLLD9JftnfRlQ9QLy1kmoNl2fIT_NI11dRkNVa5VOIcJBmLROqaHtGq9-2S7-BIrZXG9flfyZdPhBvmqgRwcL0nZnmgCuqTFFTevYrGEg/s1600/index.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBtwo2PU1lx5U9zrNYADjEGytZbjtF58Jg92kLLD9JftnfRlQ9QLy1kmoNl2fIT_NI11dRkNVa5VOIcJBmLROqaHtGq9-2S7-BIrZXG9flfyZdPhBvmqgRwcL0nZnmgCuqTFFTevYrGEg/s320/index.jpg" width="320" /></a></div>
If anything gold prices have been volatile over the past few months
and today isn’t any different. Gold prices dipped slightly today as
investors were about to breathe a sigh of relief that the worse was
over. Due to a small increase in the U.S. dollar, gold prices are down
$9.30 to $1,464.50 an ounce.<br />
<br />
In related news, Korea slashed its interest rates earlier his morning
while the Euro Zone economy is weak and could get weaker in the coming
months. China also reported that the price index have dropped which
usually indicates the production of gold in China has been slowing down.
These are not good signs when it comes to gold prices, and at his point
investors can only hope for the best.<br />
<br />
In mining stocks, most of the stocks were down anywhere from one cent
to 43 cents while Franco Nev Corp’s stock rose the most and that was
only by eight cents. ETFS stocks fared worse with Physical Asian Gold
down 0.73% and Gold Miners ETF Market Vectors down 0.85%.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-99132426944058746.post-25862880714019505752013-05-08T08:08:00.001+08:002013-05-08T08:08:55.238+08:00Physical Demand Highest In March, Expected to be Higher in Apr<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYsjcoFrP-px1mv7DNZYBl886Evnn6AQ1_Dyu2xg20Vz0BRxTUULSMOY31_f_df__gljkTzVwINmdJC9SLVNUzIe0tqV9XchtbgUtexBSR2kVIiwcalzoP43IckJ2mGYOOD2nAaIrRaKw/s1600/clip_image00115.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYsjcoFrP-px1mv7DNZYBl886Evnn6AQ1_Dyu2xg20Vz0BRxTUULSMOY31_f_df__gljkTzVwINmdJC9SLVNUzIe0tqV9XchtbgUtexBSR2kVIiwcalzoP43IckJ2mGYOOD2nAaIrRaKw/s320/clip_image00115.jpg" width="320" /></a></div>
The price of gold couldn’t repeatedly increase forever which is why
this morning it stopped. Prices of gold declined to $1,461.70 an ounce.
The American dollar as well as the Australian dollar were weaker this
morning, helping to keep the price of gold stable.<br />
<br />
Physical gold still remains in good shape especially in Asia. In
fact, the purchase of physical gold from China doubled reaching an
all-time high in March. In total investors bought 223,519 kilograms of
gold compared to just 97,106 kilograms in February. As for April, trader
Qu Mingyu of Bank of China stated, “Judging from the explosive growth
of trading volume on the Shanghai Gold Exchange in the second half of
April, and anecdotes that many jewelry shops are sold out throughout the
country, imports might be even more substantial in April.”<br />
<br />
When it comes to gold stocks, Harmony Gold Mining Co. Ltd is up
nearly 9.5% to $4.73 while Allied Nevada Gold Corp. is down 2.1%. In
ETFs, many stocks had a modest gain this quarter with only CMCI Gold TE
ETN USB E-Tracs being the only ETFS to falter and that was only by 0.1%.<br />
Physical gold has been stabilizing the gold market, but if demand for physical gold was to decrease, so would the price of gold.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-99132426944058746.post-1975216566628209572013-04-30T14:25:00.003+08:002013-04-30T14:25:43.501+08:00Now To Buy Gold or Not?<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlRjZFvMo2GN6DBuKS05L4QS0WIT8oTKqJqlQMdh-e1pRqkFuMfe32Gmd7GCMdBb0jHYP0Tymd3Gf1gS9BvQk8tamB1xrKKm8NuLmG4Q3QqPB3wuqnHpy6OVby6gs9um-yuQouf5u_72Y/s1600/clip_image00115.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlRjZFvMo2GN6DBuKS05L4QS0WIT8oTKqJqlQMdh-e1pRqkFuMfe32Gmd7GCMdBb0jHYP0Tymd3Gf1gS9BvQk8tamB1xrKKm8NuLmG4Q3QqPB3wuqnHpy6OVby6gs9um-yuQouf5u_72Y/s320/clip_image00115.jpg" width="320" /></a></div>
Should you buy gold or not? That’s the question and everyone seems to
have an answer. Unfortunately they’re never the same. Some analysts
fear the low prices of Gold that we’ve seen in the past month will
surely signal another recession. Others say that it was just a fluke and
justify it by the fact that the price of gold is improving. Slowly yes,
but still improving.<br />
<br />
Gold prices are currently up $22.00 to $1,475.60 an ounce.
Considering it was well below $1,400 an ounce this time two weeks ago,
many investors are breathing a sign of relief as it’s steadily rising.
If this trend continues, gold will be over $1,500 an ounce in no time.<br />
<br />
What investors need to understand is that like with anything, gold
will have their good days and bad days. Stop-losses will occur and
profits will be made. But no way is it a “sure thing” that if you invest
in gold you will come out richer than you ever thought imaginable. If
you come into the gold business expecting it to be easy, than you’ve
been sorely mistaken. If gold prices increase what’s the point? Everyone
would be owning stakes in gold. Fortunately or unfortunately, as an
investor you must take the good with the bad. Investors today are
learning that the hard way. But hopefully they will forget their current
sorrows when gold eventually gets back up to trading at $1,800 an ounce
in the future.<br />
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-99132426944058746.post-91329233256481991572013-04-25T08:13:00.000+08:002013-04-25T08:13:03.157+08:00Investors are swooping in to buy gold<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGB2-NlQrmarGjg2JJe6hc1KikyS9pVar17dlM8Tw5DqiHcpOTunSILfSqOvk34taqvn9DTxhWvfvLd1CHOmsZYkAxR6TKA7l_bEiXs04nH10WAsfbtSWRhYFIDaur5nnuRDHYFTZuiEs/s1600/kijang.rm200.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGB2-NlQrmarGjg2JJe6hc1KikyS9pVar17dlM8Tw5DqiHcpOTunSILfSqOvk34taqvn9DTxhWvfvLd1CHOmsZYkAxR6TKA7l_bEiXs04nH10WAsfbtSWRhYFIDaur5nnuRDHYFTZuiEs/s1600/kijang.rm200.jpg" /></a></div>
Gold prices are once again evening out to $1,429.13 an ounce.
Investors are swooping in to buy gold and significantly lower prices to
make a bundle once the prices of gold evens out out.<br />
<br />
Although this significantly helps investors who are buying today, it
doesn’t help those investors who bought at gold’s peak price. Instead,
they are being “short squeezed.” This occurs when investors are forced
to buy back gold at significantly higher prices, thus being squeezed out
of the market because they took such a heavy loss when the prices
plunged.<br />
<br />
Gold prices change every day, sometimes significantly and others
times minuscule. What was once a steady upward trend, is now hit or
miss. In turn, this causes some investors a great deal of money, while
other investors are making out like bandits.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-99132426944058746.post-23563237265636408232013-04-23T08:11:00.001+08:002013-04-23T08:11:59.808+08:00Gold Prices Increase 2.6%, But Will it Last?<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhTf-VzkceywsegVYumOj_DSARm7l_hFzXB7lowf7F436znBsA_hOI9kCs_D1AlEcY0UF6Uf5B0pky0_2twxI-p4qG__vTaV6Wq7UagMN0iqAwEnTmseMrKICXarRVRKBxxgQI4RcPJrHk/s1600/gold_2_year_g_b_myr.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="275" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhTf-VzkceywsegVYumOj_DSARm7l_hFzXB7lowf7F436znBsA_hOI9kCs_D1AlEcY0UF6Uf5B0pky0_2twxI-p4qG__vTaV6Wq7UagMN0iqAwEnTmseMrKICXarRVRKBxxgQI4RcPJrHk/s400/gold_2_year_g_b_myr.png" width="400" /></a></div>
Despite gold increasing 2.6% to $1,430.70 an ounce over the weekend,
many analysts, and investors fear that it will only be short lived
before falling further. Although physical buying of gold, especially in
Asia continues to increase, technical gold has been spotty at best.<br />
Analysts and investors hope that gold will continue to increase and
get back into the $1,500 an ounce range. Tim Riddell who is the head of
ANZ Global Markets Research in Asia explains, “We really need to get
back into the $1,500s to say that there’s something more substantial
taking place. The close above $1,400 may have taken the negative
pressure out of gold in the near term. A close below that level will
heighten the risks of new lows.”<br />
When it comes to stocks, Seabridge Gold is not having a good day as
stocks fell 1.87%% to $10.48. Randgold Resources Limited continues to do
well as stocks increased 1.84% to $71.56. In the ETFS sector, Junior
Gold Miners ETF Market Vectors saw their stock increase 2.13% while
Physical Asian Gold increased 2.12%.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-99132426944058746.post-75704426944056020542013-04-19T08:03:00.001+08:002013-04-19T08:03:12.177+08:00Gold Is Recovery at $1,392/Oz<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvsFC-oUIrNuKim82F8jOfHzM-RsmLbr9nqc1pciIV-ccHjLIJSko6bNLn0QClBydtuCtv8s5dpAXYxyToBpBSCxemL5EAyLHI1dOoradLyZCrQQNfszb450xNGf_6U9mN9pFMuojsdy4/s1600/clip_image00115.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvsFC-oUIrNuKim82F8jOfHzM-RsmLbr9nqc1pciIV-ccHjLIJSko6bNLn0QClBydtuCtv8s5dpAXYxyToBpBSCxemL5EAyLHI1dOoradLyZCrQQNfszb450xNGf_6U9mN9pFMuojsdy4/s400/clip_image00115.jpg" width="400" /></a></div>
Gold is making a nice recovery since it plummeted last Friday and
then again on Monday. At the moment its trading at $1392 an oz. Although
this still isn’t great, it gives investors hope that it will eventually
make a full recovery.<br />
<br />
Stop losses were ignited on Friday as gold fell below $1500 an ounce
and then kept falling on Monday morning. Many blamed it on the
strengthening of US dollar, others assumed it was a fluke.<br />
Many analysts cite the Asian market as the reason Gold is recovering
so nicely. Through this whole ordeal, Physical Asian Gold never
faltered, with stocks continuing to climb today.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-99132426944058746.post-66070876138914048152013-03-25T08:24:00.000+08:002013-03-25T08:24:32.022+08:00Gains in the price of gold came as the U.S. dollar traded to its highest level versus the euro in 2013<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiAOWGE4NzEDjLjxrscQb-TsLAi_YIxzcXa9nn2gxyja2kbCw4t9Pq4MUHfF8gSq6iUsUQ85_YRs6d19AQM2y2CKRj-wMkp-d1ELchcLRQmu-qhGFuiMAZZgOfG6pJKLHK4SDt29cJbH9M/s1600/bank+of+cyprus2_0.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="206" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiAOWGE4NzEDjLjxrscQb-TsLAi_YIxzcXa9nn2gxyja2kbCw4t9Pq4MUHfF8gSq6iUsUQ85_YRs6d19AQM2y2CKRj-wMkp-d1ELchcLRQmu-qhGFuiMAZZgOfG6pJKLHK4SDt29cJbH9M/s320/bank+of+cyprus2_0.png" width="320" /></a></div>
The gold price gained ground Tuesday, rising $7.00 to $1,613 per
ounce despite strength in the U.S. dollar against its foreign
counterparts. Gains in the price of gold came as the U.S. dollar traded
to its highest level versus the euro in 2013. Gold prices continued
their rally on the back of news that Cypriot President Anastasiades
agreed to support a proposed tax on bank deposits of $7.5 billion.
Despite reports that Cypriot legislators were backtracking on the plan,
the mere possibility of such a tax rattled markets.
<br />
CIBC World Markets noted that Cypriot authorities were working “to
renegotiate the terms of a €10B bailout, attempting to scrap its levy on
small account holders and instead seizing more from larger depositors
and businesses.” CIBC’s research team highlighted “the large stake
Russia has as a major creditor to Cyprus and will likely be involved in
an alternative solution.” Instability with respect to the banking
system in Europe has supported gold prices in recent days and weighed on
global equity markets.<br />
The team at TD Securities highlighted the World Gold Council’s report
on Central Bank diversification strategies, specifically, “rebalancing
from the dollar and the euro.” TD noted:<br />
“Portfolio optimization analysis methodology taking into account
market size and access constraints concludes that gold should receive a
prominent 8% allocation equal to that of Japanese Yen, where USD and EUR
comprise 65% of the portfolio. The report notes that central banks
seek high quality alternatives to USD and EUR that include CNY, CAD,
AUD, CHF, DKK and of course Gold. The study estimates that daily
average trading volume in Gold is US$240 billion.”<br />
Gold mining stocks traded near unchanged despite stronger gold
prices. The Market Vectors Gold Miners ETF (GDX) changed hands at
$37.50, up .02 on the day. Shares of Yamana Gold (AUY) advanced 2% to
$14.99 after Cowen Securities analyst Adam Graf upgraded the shares to
Buy from Hold. Graf noted, “Shares have traded<strong> </strong>off
with the group YTD. However, AUY has not disappointed in either 2012
performance or 2013 guidance, unlike its peers. Production growth for
2013-2016E leads the peer-group at a CAGR of 8.0% versus peers of 6.0%.”<strong></strong><br />
The U.S. Federal Reserve Open Market Committee (FMOC) begins a
two-day policy meeting today. While interest rates will likely be held
unchanged, investors will be focused on the policy statement when the
FOMC releases its policy statement tomorrow afternoon. Employment data
has been strong of late and any indication from Chairman Bernanke and
his colleagues that the current quantitative easing program will be
curtailed would pressure the <a href="http://www.bloomberg.com/news/2013-03-19/bernanke-tightens-hold-on-fed-message-against-hawks.html" target="_self" title="gold prices gain">gold price</a>. Conversely, a dovish outlook for monetary policy could cause a relief rally in the price of gold.Unknownnoreply@blogger.com0