/*
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Gold Outlook  Remains Bullish on MeNa Tensions, Inflation Concerns

Fundamental Forecast for Gold:  Bullish

Gold was little changed  for the third consecutive week, dropping 0.1 percent to $1428.73,  and was unable to make a move through $1440.00 this week, after setting an all-time high last week.While it appeared that investors were ready to continue to bid up the precious metal, a stronger Greenback on the week pushed down the price of bullion in the early part of the week as the U.S. Dollar gained the most against the Yen this week in over a year. News out of the Middle East and North Africa region was relatively quieter this past week than it had been in weeks past, though with reports out of Europe that the European Union could commit ground troops to fight in Libya, gold could see significant price action to the upside as investors flee to precious metals as a safe haven during a time of war. As noted last week, a “dip below $1420 looks unlikely,” and bullion ended the week little moved from where it started.

The week ahead, fundamentally,  couldcontinue to propelthe precious metal higher, as contagion spreads further to Syria, Yemen, and Israel. Clashes in Libya continue, with it becoming increasingly likely that the international community becomes directly involved with the civil war, in the form of ground troops and not just air support for Libyan rebels.As I noted two weeks ago, “any further tensions will almost certainly validate military occupation by a coalition of Western governments, which would send the price of gold even higher” the continued involvement, as mentioned earlier, has prompted the European Union to begin outlining the capacity for ground troops in Libya.

With central bank decisions on the docket this week, there is a strong case to be made for gold strength in the coming days. While the Bank of England is widely expected to hold rates at their current level, as well as maintain their asset purchase program, the European Central Bank is forecasted to raise their key interest rate by 25-bps, citing a strong recovery and rising inflationary pressures. If in fact the ECB does raise rates due to inflationary concerns, bullion, and other precious metals, could see a boost on the long-held belief that commodities are not only a good way to hedge against inflation, but also to trade with inflation.

On a technical basis, bullioncontinues to hold above its20-SMA,  and remains in the upper-half of its ascending channel that has been in place since the start of the year.  The RSI on the daily chart  continues to moderate, albeit at an increasingly lower rate, suggesting one of two things for gold: the prices are normalizing at the current rate,  the move is corrective, and thus can be expected to move higher as a significant level of support is forming following the correction or the precious metal is going to weaken further before potentially climbing once again. The rate of change  at which gold is accelerating has also  slowed,  having depreciated this past week. The Slow Stochastic oscillator  has turned to the upside, however, with the %K just higher than the %D now, at 70 and 65, respectively. To this end, the MACD Histogram is tailing off of its bearish divergence the differential  is decreasing, at -11, having come down from -17 earlier this week.  As previously noted, “abreak  above the all-time high of $1447.88  could lead to a test of the range top at $1460.”  -CV



 

  /dailyFX

 

 

/*
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SINGAPORE, April 5 (Reuters) - Silver jumped to its highest
since early 1980 on Tuesday on inflation concerns and a rise in
ETF holdings to another record, while gold edged down as the
euro held below this week's five-month high versus the dollar.	

 FUNDAMENTALS	

 * Spot silver rose as high as $38.72 an ounce and was
quoted at $38.68 an ounce by 0046 GMT, up 26 cents. Gold 
eased 45 cents to $1,436.10 an ounce. 	

 * U.S. gold futures for June rose $4.5 an ounce to
$1,437.5 an ounce.	

 * IShares Silver Trust said its holdings rose to
another record at 11,162.45 tonnes by April 4 from 11,139.52
tonnes on March 24. 

 * Analysts remain wary of silver's extreme volatility, which
has led to some heart-stopping reversals in recent years. When
commodities sold off heavily in mid-March, silver dropped nearly
5 percent in a single day, versus gold's 2 percent fall.
	

 MARKET NEWS	

 * The euro held below this week's five-month high against
the dollar and 11-month peak versus the yen on Tuesday as
investors paused to assess how much it can make in fresh gains
given that expectations for interest rate rises have largely
been priced in. 	

* Japan's Nikkei nudged higher on Tuesday, but was set to
trade in a tight range for a third day, as the post-quake
rebound looks to have run its course, with resource-related
shares climbing on surging commodity prices. 	

* Oil prices rose to their highest since 2008 on Monday, with
Brent surging above $121 a barrel as Nigerian election delays
and a short-lived strike in Gabon joined a list of geopolitical
supply concerns. 


  

  

  
/*
Diversify your portfolio, invest in land and get a handsome return of 15-20%pa in 4 to 5 years.
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/*  

/*
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where is it?              http://www.youtube.com/watch?v=kMOvjDJeOuQ      Msg    (Contact) me here for details.
/*       

* ECB expected to raise interest rates this week

 * Gold to revisit all-time high - technicals 

 * Coming up: Euro zone producer prices, Feb  0900 GMT
	

 By Rujun Shen	

 SINGAPORE, April 4 (Reuters) - Spot gold edged up on Monday,
as higher oil prices amid the ongoing Middle East crisis and a
firm euro on expectations of a European Central Bank rate hike
lent support.	

 Upbeat U.S. employment data last Friday, indicating that the
global economy was likely on a firm footing, shaved some lustre
off gold's demand, but the ongoing Middle East crisis continued
to support the precious metal's safe-haven appeal.	

 " We saw the continuous geopolitical risk in the Middle East
crisis, and oil prices going higher. It certainly looks to me
that gold has been tracking both oil and euro quite closely in
past few days,"  said Darren Heathcote, head of trading at
Investec Australia.	

 The euro hit fresh 11-month highs against a broadly weaker
yen early in Asia on Monday and held firm against the dollar
with markets all but certain the European Central Bank will
raise interest rates this week. 	

 Rate hikes usually dampen sentiment in gold, seen as an
inflation hedge. But in the long run, rising inflation benefits
gold.	

 " A great deal of expectations dictate that the ECB will
raise interest rates very soon, and probably will continue to
raise rates for the rest of the year. A lot of that you may
consider already priced in,"  said Heathcote.	

 Spot gold inched up 0.1 percent to $1,429.61 an ounce
by 0220 GMT, after ending the first quarter up 0.7 percent.	

 U.S. gold GCv1 gained 0.2 percent to $1,431.	

 Spot gold is still biased to rise to $1,447.40 per
ounce even after a sharp retracement to $1,412.55 on Friday,
said Reuters market analyst Wang Tao.	

 The ongoing turmoil in the Middle East buoyed oil prices,
pushing U.S. crude prices to a 2-1/2 year peak. 
 	

 " Gold is still holding its ground and will probably be
range-bound,"  said a Singapore-based dealer, adding that gold is
expected to trade in a range $1,410 and $1,445.	

 Gold hit a record high at $1,447.40 on March 24.	

 Speculators in gold futures and options raised their net
long positions as prices rose to fresh records, data from the
U.S. Commodity Futures Trading Commission showed. 		

 Spot silver rose as high as $38.09, just a few cents
off a 31-year peak at $38.13. Silver has been the best performer
in the precious metals complex, up 23 percent so far this year. 	

 Speculative long positions in U.S. gold futures and options
rose on high prices, while slipped in silver, according to the
U.S. Commodity Futures Trading Commission.


  

  

  /*
Diversify your portfolio, invest in land and get a handsome return of 15-20%pa in 4 to 5 years.
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/*    

SINGAPORE, April 1 (Reuters) - Gold dropped on Friday before
the release of U.S. non-farm payrolls report which could
underpin the dollar and weigh on bullion, while ETF holdings
posted their biggest quarterly decline ever.	

 Investors were cautious ahead of the data due at 1230 GMT,
which should provide more clues on the health of the world's
largest economy. Signs of improving business activity and rising
inflation globally have led a number of central banks either to
tighten policies or talk tough on inflation.	

 Spot gold fell $2.88 an ounce to $1,433.60 an ounce
by 0618 GMT, having risen about half a percent on Thursday on
inflation worries sparked by rallies in oil and grain prices,
notching a 10th straight quarterly gain. 	

 " I am still positive about gold, but I think it will take
time to consolidate. But there's not much going on, especially
on the physical side and we are also waiting for the non-farm
figure tonight,"  said Dick Poon, manager of precious metals at
Heraeus in Hong Kong.	

 " The premiums are also stable at 90 cents to $1,"  said Poon,
referring to premiums for gold bars.	

 Gold struck a lifetime high at $1,447.40 last week, when a
falling dollar, violence in the Middle East and North Africa, as
well as renewed concerns over debt crisis in Europe spurred
investors to buy.	

 In Singapore, a centre for bullion trading in Southeast
Asia, premiums for gold bars were also steady at 90 cents to the
spot London prices. Dealers noted early buying from Indonesia
but main consumer India was on the sidelines. 	

 The high-demand season is underway in India, where jewellery
is the most common gift during religious events and weddings.	

 BULLISH TARGET INTACT 	

 A bullish target at $1,447.40 per ounce was unchanged for
spot gold , based on its wave pattern and a triple-bottom
pattern, according to Reuters market analyst Wang Tao. 	

 U.S. gold futures for April dropped $4.4 to $1,434.5
an ounce.	

 The world's largest gold-backed exchange-traded fund, New
York's SPDR Gold Trust , posted in the first three months
of 2011 its biggest quarterly drop since inception in November
2004 as the prospect of interest rate hikes and gains in other
commodities, such as oil, drove investors to sell.   	

 The dollar steadied against the euro and particularly
against commodity currencies after Minneapolis Federal Reserve
President Narayana Kocherlakota said rates should rise by up to
75 basis points by year-end if core inflation and economic
growth picked up as he expected. 	

 A stronger-than-expected payrolls data later in the day
could add more weight to recent hawkish comments from Fed
officials. 	

 U.S. nonfarm payrolls are expected to have increased a solid
190,000 after rising 192,000 in February, according to a Reuters
survey, with the unemployment rate seen holding steady at a near
two-year low of 8.9 percent. [ID:nN31253973]	

 " After adding 192,000 jobs in February, this would indicate
the economy is finally gaining some flying speed  but if the
jobs figure falls significantly short of 200,000, the economic
recovery is in a lot of trouble,"  said Peter Morici, an
economist at the University of Maryland business school.	

 " If the economy created less than 165,000 jobs in March, it
is at peril of a second recession."  	

 In other markets, Asian shares rose on Friday, looking to
extend three straight quarters of gains, while oil kicked off
the new quarter in positive fashion with U.S. prices climbing
after closing at their highest in 2-1/2 years on Thursday
against the backdrop of fighting in Libya and unrest in the
Middle East.   	


  

  

/*
Diversify your portfolio, invest in land and get a handsome return of 15-20%pa in 4 to 5 years.
where is it?      http://www.youtube.com/watch?v=kMOvjDJeOuQ                Msg   (Contact) me here for details.
/*

SINGAPORE, April 1 (Reuters) - - Gold dropped on Friday before the release
of U.S. non-farm payrolls report which could underpin the dollar and weigh on
bullion, while ETF holdings posted their biggest quarterly decline ever. 	

 FUNDAMENTALS	

 * Spot gold fell $4.33 an ounce to $1,432.15 an ounce by 0100 GMT,
having risen nearly 1 percent on Thursday on inflation worries sparked by
rallies in oil and grain prices. Gold was below a lifetime high around $1,447
struck last week. 	

 * U.S. gold futures for April dropped $6.2 an ounce to $1,432.7 an
ounce.	

 * The world's largest gold-backed exchange-traded fund, New York's SPDR Gold
Trust , posted in the first three months of 2011 its biggest quarterly drop
since inception, as the prospect of interest rate hikes and gains in other
commodities drove investors to sell.

 * U.S. nonfarm payrolls are expected to have increased a solid 190,000 after
rising 192,000 in February, according to a Reuters survey, with the unemployment
rate seen holding steady at a near two-year low of 8.9 percent. 

 MARKET NEWS	

 * The dollar drifted off lows versus the euro and particularly against
commodity currencies early in Asia on Friday following more hawkish comments
from a senior Federal Reserve official. 	

 * U.S. crude prices rose to a 2-1/2 year high on Friday, boosted by worries
a protracted conflict in OPEC member Libya could keep its oil exports shut. 	
 	

 * Japan's Nikkei average opened little changed on Friday as a weaker yen
provided support after posting solid gains over the last two sessions, but
investors were reluctant to take large positions ahead of U.S. jobs data 	
later in the day. 	


  

  

  

  *
Diversify your portfolio, invest in land and get a handsome return of 15-20%pa in 4 to 5 years.
where is it?    http://www.youtube.com/watch?v=kMOvjDJeOuQ            Msg  (Contact) me here for details.


/*    

SINGAPORE, March 31 (Reuters) - Gold edged down on Thursday as investors
booked profits from a rally in the previous session, and trading was likely to
be muted ahead of the release of Friday's U.S. jobs report. 	

FUNDAMENTALS	

 * Spot gold fell $2.08 an ounce to $1,421.30 an ounce by 0027 GMT,
having risen as high as $1,430 on Wednesday as resurgence of risk appetite
spurred buying of bullion along with other assets. Gold was below a lifetime
high around $1,447 struck last week. 	

 * U.S. gold futures for April dropped $2.4 an ounce to $1,421.4 an
ounce.	

 * Gold's decade-long price rally which took the metal to record highs last
week looks set to plateau in the second quarter as more downside risks for
bullion emerge, a Reuters survey showed on Wednesday.

 * U.S. private employers added more than 200,000 jobs in March while planned
layoffs fell, underscoring expectations that momentum in the labor market will
help underpin the economic recovery.	

MARKET NEWS	

* Japan's Nikkei average extended gains on Thursday after strong U.S. data
backed the view of an improving global economic outlook, which had helped drive
global markets higher the day before, and as the yen weakened further 	
against the dollar. 	

* The yen slipped across the board on Thursday, hitting fresh 10-month lows
versus the euro and holding near a three-week trough against the dollar as
expectations grew that Japan will lag euro zone and U.S. central banks in
raising interest rates.   	


  

  

  

*
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/*            

  

  

firmer equities and upheaval in Libya, but further gains were
seen hindered by tightening monetary policy in some regions that
could erode bullion's appeal as a hedge against inflation.