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bsiong
Supreme |
08-Jan-2013 08:37
Yells: "The Greatest Wealth is Health" |
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January 07, 2013 • 12:34:13 PSTRichard Russell - The 60-Year Shocker, Silver Shorts & Goldback in the year 2000, for only 273 dollars you could buy one ounce of gold. But by 2012, you needed over 1600 dollars ... Read More |
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bsiong
Supreme |
08-Jan-2013 08:35
Yells: "The Greatest Wealth is Health" |
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Closing Gold & Silver Market Report – 1/7/2013January 7, 2013MARKET HESITANT FROM FED MINUTES IS EUROPE’S FINANCIAL CONDITION OUT OF CONTROL? Precious Metals prices remain stable as the market remains unsure on the Federal Reserve’s future plans with quantitative easing programs. “Any time there is any concern about Fed tightening, those nervous Gold investors leave the market very quickly,” James Dailey, portfolio manager of TEAM Financial Asset Management, said. Currently, the Fed is purchasing $40 billion in mortgage-backed securities and $45 billion in Treasuries each month and plans to continue until the country’s unemployment rate improves significantly.  The European debt crisis has continued to spread into many countries, affecting the growth and stability of each economy. For instance, Spain has endured a full year with an unemployment rate exceeding 25 percent, and analysts suggest the country will probably see these numbers for an extended period of time. “No economy (as far as we are aware) has ever sustained this unemployment rate and maintained a peg to a fixed exchange rate,” Charles Robertson at Renaissance Capital said in a report. Most damaging of all, he said, was the absence of hope: “For households, wages are still likely to fall to boost competitiveness. Households are deleveraging and defaulting, not borrowing more to fuel consumption.” At 5 p.m. (EST), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
07-Jan-2013 22:39
Yells: "The Greatest Wealth is Health" |
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Morning Gold & Silver Market Report – 1/7/2013January 7, 2013GOLD GETS KNOCKED DOWN-REBOUNDS SLIGHTLY, STOCK FUTURES LOOK TO FOURTH QUARTER EARNINGS The Gold price rebounded in overnight trading after falling Friday when the Federal Reserve indicated that the current QE program might come to an end this year.  Quantitative easing (QE) weakens the U.S. dollar and historically supports prices on a range of assets, including gold.  Analysts at Commerzbank wrote in a note to clients,  “…we view gold primarily as a monetary asset or as insurance.”  Gold tends to have an inverse correlation to the U.S. dollar acting as a safe haven investment against a more risky currency. U.S. stock futures changed little in over night trading  after reaching a five year high and starting the new year out strong.  Guy Foster, a fund analyst at Brewin Dolphin Securities Ltd. in  London said, “It’s difficult to see stocks making a great deal of headway given that they’re approaching overbought conditions.”  He went on to say, “Nothing has really been clarified on the fiscal-cliff debate. Aside from some really positive earnings surprises, it’s likely that stocks are going to consolidate at these levels.”  However, keep your eyes on the markets as we enter the earnings season.  Member companies of the Dow average will release fourth-quarter results beginning tomorrow. At 9 a.m. (EST), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
07-Jan-2013 14:33
Yells: "The Greatest Wealth is Health" |
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Last Updated : 07 January 2013 at 10:50 IST Gold climbs on lower level buying, record-low interest rates Source :Bloomberg LONDON (Commodity Online):  Gold prices are making a climb-back as buying at the lower levels is pushing the prices up. This is also in the context of record low interest rates in US. The first half of this year may seen US growth gaining but on a subdued note. This means interest rates would remain at record lows. “As the economy accelerates in the second half, that may be the start of lower gold prices.” said Sun Yonggang, a macroeconomic strategist at Everbright Futures Co to Bloomberg. February gold on the Comex has climbed by $9.955 and has touched $1658.85 an ounce as of 10.34 AM, a gain of 0.6%. MCX Gold for delivery on February 05 was spotted trading at Rs.30990 a gain of 0.26% as of 10.24 AM IST. Meanwhile, silver on the Comex for delivery on March 13 was spotted trading at $30.315, a gain of 1.23% as of 10.38 AM IST.  India's MCX has witnessed silver for delivery on March 5 trading at Rs.58255 a kilo, a gain of 0.46% as of 10.29 AM IST. Debt-ceiling debate in US that could snow ball into a crisis has started to rage like a wild fire in Washington. Mitch McConnell, the Republican Senate minority leader said to ABC, “...what are we going to do about the biggest problem confronting our country and our future? That’s our spending addiction – it’s time to confront it,” Financial Times quoted him. Meanwhile as of now, the Obama administration has ruled out the possibility of invoking the 14th amendment to the Constitution which stipulates US debt commitments be treated sacrosanct. Invoking the amendment means US President can voluntarily raise the debt-ceiling without ever consulting the US Congress. |
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bsiong
Supreme |
05-Jan-2013 09:17
Yells: "The Greatest Wealth is Health" |
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Weekly Gold & Silver Market Recap – 1/4/2013January 4, 2013FISCAL CLIFF RESOLVED, BOOSTS COMMODITIES The beginning of the week was hectic with only hours left for politicians to reach a deal on the fiscal cliff. Late Tuesday, lawmakers passed a bill  to extend tax cuts and temporarily raise the debt ceiling, and U.S. stock futures and Precious Metals enjoyed a boost from the decision.  However, the U.S. economy isn’t quite out of the woods yet. Fawad Razaqzada of GFT Markets said, “The focus will quickly shift toward the end of February when the U.S. is expected to hit its debt ceiling. It’s difficult to be sure of the market’s reaction because a lot of traders are away at the moment and volumes are light, so any moves are likely to be exaggerated slightly.” The Gold price  rose to a two-week high  amid the news. Saxo Bank Vice President Ole Hansen said, “The deal does not seem like a long term durable solution to the U.S. debt, but it’s given the Gold market the excuse to move higher, helped by the dollar.” If Gold is mainly trading on the softer dollar at the moment, many eyes will start to focus on the end of February for more direction. U.S. DOLLAR STRENGTHENS GOLD BEGINS TO DROP The Gold price eased off Wednesday's recovered highs due to a stronger dollar. In fact, the dollar hit a three week high against a basket of currencies while the euro dropped to a low it hadn’t seen since mid December. David Jollie, strategic analyst at Mitsui Precious Metals, said, “The deal to avoid a fiscal cliff has booted some problems into the long grass by a considerable distance, but there are still issues out there such as expanding the debt ceiling, which could prove to be difficult negotiations.” FEDERAL RESERVE MINUTES SUGGEST QUANTITATIVE EASING COULD END Precious Metals prices began to tumble early Friday morning as  they reacted to minutes from the latest Federal Reserve meeting  that suggested quantitative easing could be coming to an end soon. Stan Shamu of IG Markets said, “Gold had been one of the biggest beneficiaries of the Fed’s easing program as it looked more attractive as an inflation hedge.” Analysts at Barclays explained that this was unexpected, writing, “The range of views on the likely timing of completion of asset purchases was apparently sooner than market expectation.” Seemingly on cue after the Fed minutes were released, the  ADP jobs report showed a gain of 155,000  jobs in December, continuing a steady trend of improvement. When the Fed announced the indefinite asset purchases last year, one of the conditions of the end of this round of quantitative easing was better jobs numbers, and the past few months have given that. The unemployment rate, however, remained flat at 7.8 percent. |
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bsiong
Supreme |
05-Jan-2013 09:16
Yells: "The Greatest Wealth is Health" |
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Mid-Day Gold & Silver Market Report – 1/4/2013January 4, 2013GOLD, SILVER DROP ON QE SPECULATION Precious Metals prices have slipped again today  as a possible ending of the Federal Reserve’s asset purchase program might come sooner than expected. This speculation comes after minutes of the latest Fed meeting were released. However, this assumption appears to be premature as the unemployment rate remained unchanged in December. “Even with decent employment growth no downward progress has been made on the unemployment rate. This will tend to play to views that unemployment rate will take a long time to get to levels that encourage tighter Fed policy,” Alan Ruskin, a macro strategist at Deutsche Bank, said. With Precious Metals prices dropping,  stocks have followed the dollar up as reports show an increase in workers for the month of December. “It’s not an incredibly strongly labor market but it’s mending and it’s going to continue to take time,” Greg Woodard, a strategist at Manning & Napier, said. The recent pull back for Gold and Silver has created a buying opportunity for many who see the continuation of monetary stimulus measures as positive for Precious Metals prices in the long-term. At 1 p.m. (EST), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
05-Jan-2013 09:14
Yells: "The Greatest Wealth is Health" |
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Morning Gold & Silver Market Report – 1/4/2013January 4, 2013METALS DROPPING AFTER JOBS REPORT Precious Metals prices are tumbling in early morning trading as  they react to minutes from the latest Federal Reserve meeting  which suggested that quantitative easing could be coming to an end soon. Stan Shamu of IG Markets said, “Gold had been one of the biggest beneficiaries of the Fed’s easing program as it looked more attractive as an inflation hedge.” Analysts at Barclays explained that this was unexpected, writing, “The range of views on the likely timing of completion of asset purchases was apparently sooner than market expectation.” Seemingly on cue after the Fed minutes were released, the  ADP jobs report showed a gain of 155,000  jobs in December, continuing a steady trend of improvement. When the Fed announced the indefinite asset purchases last year, one of the conditions of the end of this round of quantitative easing was better jobs numbers, and the past few months have given that. The unemployment rate, however, remained flat at 7.8 percent. At 9 a.m. (EST), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
04-Jan-2013 21:52
Yells: "The Greatest Wealth is Health" |
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Commodity Technical Analysis: Gold Falls Sharply and Leaves Advance in 3 Waves  Daily Bars Chart  Prepared by Jamie Saettele, CMT   Commodity  Analysis: “Gold’s decline reversed just before the level where the decline from the October high would consist of 2 equal waves and the 61.8% retracement of the rally from the 2012 low. Currently testing short term trendline resistance and the 20 day average, a reaction would encounter support at 1680. Resistance is estimated above 1700.” 1680 proved ephemeral as gold has declined over $50 in less than 2 days. The advance from 1635 is left as a corrective 3 waves.   Commodity Trading Strategy: Sell strength if given the chance above 1660   LEVELS: 1585 1610 1635 1660 1670 1684 |
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bsiong
Supreme |
04-Jan-2013 09:42
Yells: "The Greatest Wealth is Health" |
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January 03, 2013 • 05:03:23 PST
Dow Gold And Gold Silver Ratio Charts Remain BullishWe continue to be more bullish on silver in the long term and believe the gold silver ratio should fall back to the geol... Read More |
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bsiong
Supreme |
04-Jan-2013 09:41
Yells: "The Greatest Wealth is Health" |
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January 03, 2013 • 06:26:20 PST
GOLD - Rocket In The GantryThe Gold rocket is ready in the gantry and positioned for lift off. Newly elected Japanese Prime Minister Shinzo Abe has... Read More |
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bsiong
Supreme |
04-Jan-2013 09:39
Yells: "The Greatest Wealth is Health" |
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POSITIVE ECONOMIC NEWS PUSHES U.S. DOLLAR UP The much anticipated fiscal cliff has come and gone with a surprisingly positive outcome. Politicians were able to reach an agreement at the last minute with a deal being passed late Tuesday night. The market reacted yesterday with commodity prices rising and the U.S. dollar dropping compared to other major currencies. Today Precious Metals prices are down as the U.S. dollar has strengthened after U.S. jobless claims rose to a five-week high. The optimism continues to grow for Gold as Jeffrey Wright, managing director at Global Hunter Securities, suggests what we may have in store for the yellow metal: “We believe Gold is positioned to go higher in the near term with the fiscal cliff deal further weakening U.S. dollar over time. The way I see it is, [the fiscal cliff] package increased taxes and spending with zero emphasis on reigning in spending. Over time, this will put more pressure on U.S. dollar and enhance Gold.” Europe has good news to report with Germany’s unemployment rate increasing by less than economists’ predictions. Even with slow economic growth and a financial crisis that is looming over several countries in Europe, Germany is showing some progress. “The German labor market is showing signs of cooling, which isn’t that surprising given the economic slowdown in the course of 2012,” Thilo Heidrich, an economist at Deutsche Postbank AG (DPB) in Bonn, said. “If the economy stabilizes and recovers in 2013, the labor market could end its weak phase already at the end of the year.” At 5:15 p.m. (EST), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
03-Jan-2013 08:54
Yells: "The Greatest Wealth is Health" |
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Commodity Technical Analysis: Gold Probes Short Term TrendlineDaily Bars Chart  Prepared by Jamie Saettele, CMT   Commodity  Analysis: Gold’s decline reversed just before the level where the decline from the October high would consist of 2 equal waves and the 61.8% retracement of the rally from the 2012 low. Currently testing short term trendline resistance and the 20 day average, a reaction would encounter support at 1680. Resistance is estimated above 1700.   Commodity Trading Strategy: Flat LEVELS: 1635 1657 1680 1703 1723 1731 |
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bsiong
Supreme |
03-Jan-2013 08:53
Yells: "The Greatest Wealth is Health" |
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Closing Gold & Silver Market Report – 1/2/2013January 2, 2013FULL FISCAL CLIFF EFFECTS AVOIDED, BOOSTING GOLD AND EQUITIES Markets rallied today after lawmakers secured a last-minute solution to evade the potentially crippling tax hikes and budget cuts projected to drag the U.S. economy into another recession.Precious Metals prices rose substantially  after news of a resolution, causing Gold in particular to reach its highest level in two weeks. However, today’s budget compromise is  by no means a complete fix   rather, debt ceiling and spending cut decisions have simply been postponed several weeks. Precious Metals remain a safe-haven investment as Washington prepares to trudge through the details that will allow the U.S. to sidestep the remaining perils of the fiscal cliff. The Dow Jones Industrial Average jumped more than 308 points today while the  S& P 500 realized its largest single-day gain in more than a year. “It’s a relief rally that we didn’t stay over the cliff,” said Peter Tuz, president of Chase Investment Counsel Corp. “There’s some clarity regarding tax rates going forward, which is a good thing,” he said. “We had a strong year in 2012 and people might have taken some money off the table and here it comes back to the market today.” As mentioned, the fight is not over as U.S. lawmakers will reconvene in February to discuss the federal deficit and the nation’s current $16.4 trillion debt limit. At 5 p.m. (EST), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
03-Jan-2013 08:51
Yells: "The Greatest Wealth is Health" |
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Mid-Day Gold & Silver Market Report – 1/2/2013January 2, 2013PRECIOUS METALS RECEIVE A BOOST Precious Metals prices saw a boost as U.S. lawmakers passed legislation to avoid the fiscal cliff. “Markets reacted positively to news that a deal of sorts has been reached,” TD Securities Inc. Vice President Steve Scacalossi said in an email. “The drop in the dollar is also providing a boost to the commodity complex.” Today, the U.S. dollar experienced as much as a 0.6 percent drop against other major currencies.  Crude oil, like most commodities, gained today with news that the fiscal cliff was resolved. The nation is less likely to go back into a recession now that austerity measures do not need to be implemented. The agreement between politicians stimulated the market to trade riskier assets rather than hold on to the dollar, as the value dropped a bit today.  At 1 p.m. (EST), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
03-Jan-2013 08:50
Yells: "The Greatest Wealth is Health" |
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Morning Gold & Silver Market Report – 1/2/2013January 2, 2013NEXT RUN-IN WITH DEBT CEILING IS NEXT MONTH Lawmakers passed a bill to extend tax cuts and temporarily raise the debt ceiling late last night, and U.S. stock futures and Precious Metals are enjoying a boost from this decision.  However, the U.S. economy isn’t quite out of the woods yet. Fawad Razaqzada of GFT Markets said, “The focus will quickly shift toward the end of February when the U.S. is expected to hit its debt ceiling. It’s difficult to be sure of the market’s reaction because a lot of traders are away at the moment and volumes are light, so any moves are likely to be exaggerated slightly.” The Gold price  rose to a two-week high  amid the news. Saxo Bank Vice President Ole Hansen said, “The deal does not seem like a long term durable solution to the U.S. debt, but it’s given the Gold market the excuse to move higher, helped by the dollar.” If Gold is mainly trading on the softer dollar at the moment, many eyes will start to focus on the end of February for more direction. At 9 a.m. (EST), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
02-Jan-2013 21:53
Yells: "The Greatest Wealth is Health" |
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January 02, 2013 • 05:22:31 PST
What Happened The Last Time Gold And Central Banks Were So Far Apart?From 9/11 on, Gold and the world's central bank balance sheets were as correlated as over-consumption and a hangover (an... Read More |
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bsiong
Supreme |
02-Jan-2013 21:51
Yells: "The Greatest Wealth is Health" |
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Last Updated : 02 January 2013 at 18:45 IST 'Current bull run in Gold, Silver may not go beyond 2 days' Source :Commodity Online Editorial Desk Author :Rakesh Neelakandan It is a relief rally occurring in commodities which may well be short lived when it comes to precious metals complex, according to Kunal Shah, Head-Commodities Research Nirmal Bang. “The current rally may not last more than two days and I am not very optimistic about gold and silver, given the positive economic data that we get from across the globe.” said Kunal Shah in a telephonic interview. “We need more bad news before we can see a rally to $1800 levels which is a mark far far away and may not be feasible under current circumstances.” he added. He expects silver to outperform gold in the short-term. “Gold may reach $1710 max...” he predicted. He is positive about aluminium on the MCX as well as lead and zinc and to an extent copper. On the agri-side he is optimistic of coriander, turmeric and castor seed. Silver on the Comex is trading at $31.178 an ounce, a gain of 03.15% as of 06.45 PM IST. Gold is up by 0.67% at $1686.15 an ounce. |
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bsiong
Supreme |
02-Jan-2013 14:51
Yells: "The Greatest Wealth is Health" |
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    live |
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Richardus
Member |
02-Jan-2013 12:15
Yells: "Capital is literally a seed; learn how to plant it..." |
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  Silver is off to a good start for 2013. MACD turning positive.... Original source:   http://silverreport.blogspot.sg/2013/01/silver-xagusd-showing-positive-price.html |
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Richardus
Member |
02-Jan-2013 09:19
Yells: "Capital is literally a seed; learn how to plant it..." |
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Gold put in yet another good performance on a yearly basis as it added 6.9% in 2012   http://multimillionairehouseholds.blogspot.sg/2013/01/comex-gold-closes-up-69-for-year.html |
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