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Gold & metals
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bsiong
Supreme |
27-Dec-2012 21:33
Yells: "The Greatest Wealth is Health" |
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December 26, 2012 • 17:34:41 PST
Sinclair - Gold As We Approach The New YearThere is not top in gold. The gold price is going much higher than I originally anticipated. The long standing currency ... Read More |
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bsiong
Supreme |
27-Dec-2012 21:32
Yells: "The Greatest Wealth is Health" |
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December 26, 2012 • 17:12:46 PST
Gold Daily And Silver Weekly ChartsThe metals were hit hard on the open last night, but went pretty much nowhere today, finishing about even. The selling ... Read More |
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bsiong
Supreme |
27-Dec-2012 21:30
Yells: "The Greatest Wealth is Health" |
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Closing Gold & Silver Market Report – 12/20/2012December 26, 2012PRECIOUS METALS HOLD FIRM, STOCKS FALL AS BUDGET DEADLINE APPROACHES Precious Metals prices are up slightly today following a  small dip in the U.S. dollar. Anthem Blanchard of Blanchard Vault noted, “You’re seeing Gold follow weakness in the dollar mostly, and [the market] feeling a little bit of too much selling that’s happened prior in terms of concerns about the fiscal cliff.”  Low volume trading during the holidays and leading up to fiscal cliff  are also factors causing the modest market movement. The Dow Jones Industrial Average and S& P 500 are down today due to a  slump in retailer data  as Washington policy makers approach the fiscal cliff deadline. Countless questions remain concerning the nation’s need for a resolution to the $600 billion in tax hikes and budget cuts set to take effect Jan. 1, 2013. Scott Armiger, money manager at Christiana Trust, said, “With the fiscal cliff, the questions are how bad will the deal be or will they just extend it and let the new Congress address it?” Though the particular elements of the fiscal cliff are set to be staggered in over time, the effects of not reaching a solution by the end of 2012 could have a negative impact on traditional equities markets. At 5 p.m. (EST), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
26-Dec-2012 22:16
Yells: "The Greatest Wealth is Health" |
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December 24, 2012 • 14:34:33 PST
Light At The End Of The Tunnel For Gold - Frank Holmes CEO And CIO, U.S. Global InvestorsOne of our favorite charts is the oscillator which shows the probability of gold returning to its mean after a dramatic ... Read More |
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bsiong
Supreme |
26-Dec-2012 22:15
Yells: "The Greatest Wealth is Health" |
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Morning Gold & Silver Market Report – 12/26/2012December 26, 2012RETAIL SALES LOW, THE FISCAL CLIFF DEADLINE APPROACHES President Obama cut his Hawaii vacation short to return to Washington to deal with the unfinished fiscal cliff negotiations.    There is a January 1 deadline, which if not met, most Americans will feel a sharp rise in taxes.  Both parties are eager to pass a measure to keep taxes low but the sticking point is on difficult spending cuts.  Any bill that is passed may not contain the cuts that either party wishes but the automatic cuts set to take effect as of January 1 seem to be unacceptable to the president. The report is in and U.S. holiday sales numbers are in and they were the weakest since 2008, a year that the nation was in a deep recession.    This year’s poor performance is currently being blamed on bad weather and the fiscal cliff.  Sales were expected to increase 3 to 4 percent this year but in the two months prior to Christmas retailers only saw a .7 percent growth in sales.  Things are over yet though, the final week of December accounts for about 15 percent of the months sales. The Gold price is trading mostly even on Wednesday as investors are keeping their eyes on the negotiations in Washington.    The Gold price dipped early  when the dollar edged higher against the yen but is currently settling in almost flat. At 9 a.m. (EST), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
26-Dec-2012 09:55
Yells: "The Greatest Wealth is Health" |
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Last Updated : 24 December 2012 at 12:00 IST US Fiscal Cliff: Why investors should stay away from Commodity markets on Dec 27 Source :Commodity Online Editorial Desk Author :Rakesh Neelakandan The news from the fiscal cliff not being encouraging, one may think that the Mayan Calendar which predicted an end-of-the-world-scenario for December 21 has missed the date by ten days. But optimism still persists. Chances are less that US would go off the cliff, according to Kunal Shah, Head of Commodity Research at Nirmal Bang Commodities. “I am optimistic of a resolution to fiscal cliff.” he said as he was hopeful that a meeting slated for 27th December would bring about significant changes. “And before 31st December a concrete resolution may be arrived at.” he added. US Congress is now on holiday until December 27. “And I expect 27 December to be a day of volatility and speculation.” he said. Traders are advised to stay away from the markets for the day.” he cautioned. He also advised traders not to short base metals as US and China data have been positive for the past days. The Chinese manufacturing has expanded and US GDP has grown by 3.1%. Besides the Bank of Japan has opted for a $110 billion stimulus measure. “Besides, effort continues in Europe to get out of the crisis.” He explained that the recent sell-off in gold was a result of money-managers world-wide thinking “the worst for financial markets being over.” The fiscal cliff issue is looming large on the horizon taking sheen off commodity bull trading. Crude oil prices are trading low on account of a resolution to the cliff issue not being in sight. Thursday had seen the collapse of Republican Speaker John Boehner's proposal to tax the extreme rich as his own peers decided not to support the same not to speak of the opposition from Senate Democrats and President Obama. Sen. Joe Lieberman said to AP ''it's the first time that I feel it's more likely we'll go over the cliff than not.'' Meanwhile, there are also views coming in that US may go off the cliff but would recover in a span of 2-3 months. “Gold, silver may come under pressure for a while.” said Manoj Kumar Jain, President, India Nivesh. If the US budget talks face an absolute collapse and no resolution regarding automated kick-in of spending cuts and tax hikes to the tune of $600 billion is not arrived, the US would slip into a recession derailing the current recovery. The resulting pile-up would not miss the wider world as well, analysts say. (rakesh@commodityonline.com) |
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bsiong
Supreme |
25-Dec-2012 09:42
Yells: "The Greatest Wealth is Health" |
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Commodity Technical Analysis: Gold Nears Measured ObjectiveDaily Bars Chart  Prepared by Jamie Saettele, CMT   Commodity  Analysis: “Viewed in light of the 3 wave advance from 1672.50, the trend is lower.” Last week’s breakdown confirms the bearish suspicions. Continue to look lower from the current levels towards a Fibonacci confluence, former resistance, and channel support that cluster near 1630.   Commodity Trading Strategy: The most bearish count is valid against 1703. Shorts against that level remain warranted. LEVELS: 1560 1600 1641 1676 1686 1703 |
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bsiong
Supreme |
25-Dec-2012 09:41
Yells: "The Greatest Wealth is Health" |
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Morning Gold & Silver Market Report – 12/24/2012December 24, 2012GOLD FLAT, STOCKS DOWN AS FISCAL CLIFF DOMINATES Gold and Silver prices are mostly flat this morning, as  fiscal cliff fears continue to dominate the headlines. Peter Fertig of Quantitative Commodity Research said, “The weaker dollar and steady stock markets are giving support to Gold. My view is that the fiscal cliff will be avoided at the last minute. If the fiscal cliff is avoided, that should be positive for risk assets including Gold. As the market had been pricing in that the fiscal cliff might be a reality, there might be a sense of relief.” Stocks are looking to disappoint in Christmas Eve trading. With no economic data being reported this morning, it seems  there is not much hope for the day in the way of stocks. Rebecca O’Keeffe of Interactive Investor said, “With no Plan B and the gulf between the [political] parties as wide as ever, there is little to cheer this holiday season. The optimism that had seen the market rally strongly over the last few weeks is diminishing rapidly amid signs that a deal is as far away as ever.” At 9 a.m. (EST), the APMEX Precious Metals spot prices were:
  Mid-Day Gold & Silver Market Report – 12/24/2012December 24, 2012GOLD FLAT ON THIN TRADING FISCAL CLIFF SEEMS MORE LIKELY Gold remains relatively stable today  following Friday’s one percent boost on short covering and buy-ins at what were perceived to be discount prices. As expected, a  thin trading session the day before Christmas  has kept prices stable. Gold is set for a 12th straight year of gains even though the metal has yet to reach its September 2011 peak of $1,920 an ounce. The spotlight remains fixed on Washington as investors continue to await a fiscal cliff resolution. “It's unlikely that we will see any resolution on the fiscal cliff before the end of the year as the Republicans and the Democrats have differences to iron out. I don't think it can be solved within these few days,” said Brian Lan, managing director of GoldSilver Central Pte Ltd in Singapore. Stocks fell again today as concern continues to mount  that President Barack Obama and Congress will not agree to a U.S. budget deal in time to avoid the fiscal cliff. Jacques Porta, who helps manage $627 million at Ofi Patrimoine in Paris, said, “There’s a lot of uncertainty. We’re at a political dead end. Everything has cooled off. The market has become cautious.” At times of such hesitation with equities markets Precious Metals have proven to be a steady asset to hedge against market volatility. At 1 p.m. (EST), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
24-Dec-2012 11:45
Yells: "The Greatest Wealth is Health" |
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    Gold Prices Forecast December 24, 2012, Technical Analysis      |
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bsiong
Supreme |
24-Dec-2012 11:26
Yells: "The Greatest Wealth is Health" |
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Last Updated : 23 December 2012 at 14:00 IST Continued deregulation set to boost China’s interest in Gold in 2013 China’s gold demand has grown every single year since 2002 with double-digit growth rates over the past five years however, this year demand has slowed and looks to be flat y/y. Gold imports from Hong Kong have exceeded 600 tonnes for the year to October (2011 full-year 428 tonnes) but imports slowed to a nine-month low in October, Barclays said in a report.  While appetite to buy emerged upon price dips last year lending downside support to the gold market, this year the bulk of the consumption has materialised amid a rising price trend, setting a fragile floor for prices, that was prevalent until early December when volume traded on the Shanghai Gold Exchange (SGE) rocketed to levels last seen ahead of the Lunar New Year in January. Concerns over inflation and the lack of alternative investment options have, in part, supported growth in gold investment demand since the start of de-regulation of China’s gold market. The SGE was established in 2002 and imports/exports can currently be carried out by nine licensed commercial banks and supplied to the local market via the SGE. The launch of the first Chinese gold futures contract on the SHFE in 2008 provided a channel for hedging although has struggled to gain traction amid thin liquidity. This month marked the trial launch of over-the-counter interbank gold trading aimed at increasing liquidity at the wholesale level. However, the physical side has been greeted with more enthusiasm, and in particular in products established in mainland China. The gold accumulation plan launched by Industrial and Commercial Bank of China has attracted five million accounts since its launch in 2010 and accumulated 64 tonnes of gold while the first gold fund, Lion Fund Management, met its initial target of raising $500mn (~10 tonnes) in January 2011 within a The first gold ETF denominated in yuan, Hang Seng, was launched on the Hong Kong stock exchange in February 2012, but uptake has been lacklustre and currently sits just under 10koz. However, two funds, Guotai AMC and HuaAn Funds, have submitted proposals to launch gold ETFs to be listed on the Shanghai Stock Exchange. While gold demand is set to rise in the near term ahead of the Lunar New Year (10 February 2013), continued deregulation is set to boost China’s interest in the metal over the course of 2013. |
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Richardus
Member |
23-Dec-2012 16:20
Yells: "Capital is literally a seed; learn how to plant it..." |
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" Silver Bullion Pte, one of Singapore’s largest suppliers of coins and bars to retail investors, says sales tripled since October, part of a global surge in demand that drove holdings to a record. “Our clients are worried that a major currency crisis or mass bankruptcies would occur,” said Gregor Gregersen, the 36- year-old founder of Silver Bullion, whose sales now average about S$6 million ($4.9 million) a month. “It all has to do with falling confidence in the heavily indebted Western governments and financial institutions.” Global investment through silver-backed exchange-traded products reached a record 18,854 metric tons in November, or more than nine months of mine output, data compiled by Bloomberg show. Holdings are now valued at about $19.2 billion. Prices will rise as much as 34 percent to $40.25 an ounce next year, based on the median of 49 analyst, trader and investor estimates compiled by Bloomberg. Silver almost tripled since the end of 2008, lagging behind only platinum in gains for precious metals this year as policy makers from the U.S. to China to Europe pledged more action to boost economies. That’s attracting investors betting that stimulus will stoke inflation and debase currencies." |
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Richardus
Member |
23-Dec-2012 12:44
Yells: "Capital is literally a seed; learn how to plant it..." |
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James Turks (chairman of goldmoney) Outlook for Gold for 2013-2015
The link is: http://multimillionairehouseholds.blogspot.sg/2012/12/james-turks-outlook-for-gold-for-2013.html?m=1 |
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tanglinboy
Elite |
23-Dec-2012 11:27
Yells: "hello!" |
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Time to buy |
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bsiong
Supreme |
22-Dec-2012 18:18
Yells: "The Greatest Wealth is Health" |
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Last Updated : 22 December 2012 at 12:30 IST Gold has the greatest potential to regain upward momentum in
Q1 2013: Barclays |
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bsiong
Supreme |
22-Dec-2012 11:26
Yells: "The Greatest Wealth is Health" |
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Weekly Gold and Silver Market Recap – 12/21/2012December 21, 2012Gold drops with fiscal cliff news The Gold market has seen better weeks this year. The indecisiveness of the United States Congress over the impending fiscal cliff has taken the Precious Metals market on a ride. As of mid-day Tuesday,  Gold had fallen more than $20 an ounce  as investors eyed positive developments in fiscal cliff negotiations. Julian Phillips, founder of GoldForecaster.com, believes the sudden optimism over discussions in Washington is premature, stating, “Small steps toward an agreement are [supposedly] being made in Washington, but we prefer to act on a deal, not the expectation of one.” Many analysts are still bullish on the long-term appeal of Gold. Concerning the price pullback, one analyst stated, “Gold is on sale and should be seriously looked at below $1,700.” It appeared that politicians are close to reaching a deal to avoid the fiscal cliff at the end of the month. “If Gold is not able to defend those key supports, one should expect a new wave of technical selling to continue,” said Adam Sarhan, chief executive of Sarhan Capital. At 2 percent down, the yellow metal saw one of the biggest drops since November 2. By the middle of the week, optimism over a fiscal cliff deal started to fade and Gold fell flat. The back-and-forth sentiment regarding fiscal cliff aversion leaned negatively Wednesday after Tuesday’s positive reports, which prompted a major sell-off. Gold has gained 7 percent in 2012 as central banks around the world continue to be net buyers of the metal. However, investors remain concerned over market stability, and interest rates have stayed close to zero. Economists, financial analysts and individual investors continue to speculate about Gold’s future as the fiscal cliff draws near. As of Friday, the market started to get back some of the lost ground from the week but it won’t get back all of it. This week looks to be the worst since June for Gold,  though it is still on track for yet another annual gain. Brian Lan of GoldSilver Central in Singapore said, “At the moment, the U.S. budget talks are stalling. Many are unsure if they should enter the market. Perhaps when the U.S. has more concrete news on the outcome, investors will be more comfortable taking positions again. The market volume is thin amidst all these uncertainties, and the year is coming to an end. Many of the investors prefer to take profits and just leave the market.” This week has been a repeat of last week when it comes to the news reports in the U.S. There has been much talk about dealing with the fiscal cliff but no action as of Friday. Away from the talks in congress, the world keeps going and it is not all negative. Americans are trying to focus on the good news rather than the bad as an upcoming fiscal cliff resolution looks uncertain.  Consumer spending in November increased as household purchases rose 0.4 percent. As the unemployment rate has improved and jobs are becoming more stable, Americans feel the economy is more secure. “The numbers are encouraging,” said Brian Jones, a senior U.S. economist at Societe Generale in New York. “There’s business that has to get done whether or not these guys iron out this thing in Washington in a timely fashion. We’re going to start the year off slowly and gradually build momentum” because there will probably be a last-minute deal, he said. Mild indications that the U.S. economy is improving have  softened expectations that the Federal Reserve will increase its liberal spending. “The GDP number was better than forecast, so the thinking is that improving conditions in the economy might mean a light at the end of the tunnel on when the Fed will end QE3,” said Phil Streible, a senior commodity broker at R.J. O’Brien & Associates. With all the negatives surrounding the fiscal cliff there are still positives to be found. |
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bsiong
Supreme |
22-Dec-2012 11:24
Yells: "The Greatest Wealth is Health" |
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Mid-Day Gold & Silver Market Report – 12/21/2012December 21, 2012GOLD IS ON THE MOVE AMERICANS FEELING MORE CONFIDENT IN ECONOMY Gold neared a four-month low today as the fiscal cliff remains unresolved. Precious Metals prices fell yesterday when U.S. House Speaker John Boehner avoided backing President Barack Obama on fiscal cliff talks. “If there is a timely agreement to avert the fiscal cliff, I think Gold will gain with risk assets,” VTB Capital analyst Andrey Kryuchenkov said. “I think Platinum group metals will outperform Gold, as they have much better supply side fundamentals,” he added. Americans are trying to focus on the good news rather than the bad as an upcoming fiscal cliff resolution looks uncertain.  Consumer spending in November increased as household purchases rose 0.4 percent. As the unemployment rate has improved and jobs are becoming more stable, Americans feel the economy is more secure. “The numbers are encouraging,” said Brian Jones, a senior U.S. economist at Societe Generale in New York. “There’s business that has to get done whether or not these guys iron out this thing in Washington in a timely fashion. We’re going to start the year off slowly and gradually build momentum” because there will probably be a last-minute deal, he said. At 1 p.m. (EST), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
22-Dec-2012 00:15
Yells: "The Greatest Wealth is Health" |
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bsiong
Supreme |
22-Dec-2012 00:12
Yells: "The Greatest Wealth is Health" |
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December 21, 2012 • 06:48:32 PST
Precious Metals Decouple From Stock Marketonce markets lose momentum and the threat of increased policy becomes apparent, we will see precious metals confirm thei... Read More |
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bsiong
Supreme |
22-Dec-2012 00:10
Yells: "The Greatest Wealth is Health" |
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December 21, 2012 • 05:37:09 PST
Gold’s Woes Won’t Last – We’re Heading Back To $1,800I'd like to share a chart with you that I have been working off in recent weeks. It shows gold since 2008. Let me try an... Read More |
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bsiong
Supreme |
21-Dec-2012 22:16
Yells: "The Greatest Wealth is Health" |
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Morning Gold & Silver Market Report – 12/21/2012December 21, 2012GOLD STILL ON TRACK FOR ANOTHER ANNUAL GAIN Gold and Silver prices are slowly recovering from yesterday’s drop.  This week looks to be the worst week since June for the Gold price,  though it is still on track for yet another annual gain.  Brian Lan of GoldSilver Central in Singapore said, “At the moment, the U.S. budget talks are stalling.  many are unsure if they should enter the market.  Perhaps when the U.S. has more concrete news on the outcome, investors will be more comfortable taking positions again.  The market volume is thin amidst all these uncertainties, and the year is coming to an end.  Many of the investors prefer to take profits and just leave the market.” The Republican Party’s refusal to vote for any ‘Plan B’ on the fiscal cliff  has many worried that the U.S. economy will be going over said cliff, leading the country into another recession.  Posturing seems to be the name of the game in Washington when it comes to the cliff.  House Speaker John Boehner said, “The House did not take up the tax measure today because it did not have sufficient support from our members to pass.  Now it’s up to the president to work with [Senate Majority Leader Harry] Reid on legislation to avert the fiscal cliff.”  At 9 a.m. (EST), the APMEX Precious Metals spot prices were:
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