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Gold & metals
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bsiong
Supreme |
28-Dec-2010 22:30
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
2010 best performer: Gold. Best returns: Silver December 28, 2010 at 12:20 MUMBAI (Commodity Online): Year 2010 has been the year of Gold if performance of all commodities at MCX - the premier Futures exchange in India in Bullion and Metals are calculated. But Silver has outperformed Gold in terms of returns to investors. In totality Bullion sector brought back the confidence of investors to investment instruments. Traditionally average investors in India has not adopted commodity trading to their portfolio partly because of poor trading and fundamental knowledge and partly because the government has been consistently making intrusion into commodity Futures making it unstable for common investors. But one commodity that Indians need not be educated to buy is Gold. The yellow metal – mark of trust and purity to Indians - has been the best performer in 2010 with a volume of 2445733.72 crores while silver came second with 1883930.28 crores. Crude is third but way behind with 1478325.54 crores and copper fourth with 1050452.69 crores. This time the fifth position is enjoyed by Nickel with 442061.18 crores. Commodities like Platinum, Brent Crude Oil and Gasoline failed miserably performing worse than Potato at MCX. Lead, Zinc and Aluminum fared better with 300412.26, 395261.46 and 90227.65 crores volume respectively. |
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bsiong
Supreme |
28-Dec-2010 18:42
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Gold up on dollar weakness, Asian buying
* Gold-silver ratio near 46-month low * Spot gold to rise to $1,410 -technicals * Coming up: U.S. consumer confidence, Dec; 1500 GMT (Updates prices) By Rujun Shen SINGAPORE, Dec 28 (Reuters) - Spot gold prices firmed on Tuesday as it was supported by a weaker dollar and buying interest in Asia, while investors hoped for a further rally in prices next year. Spot gold gained more than half a percent to $1,391.55 an ounce by 0537 GMT. U.S. gold futures climbed 0.7 percent to $1,392.3. The euro rose sharply as bears were forced to abandon their bets on Tuesday while the dollar came under broad selling pressure, hitting a three-week low against the yen and a seven-week low against the Australian dollar. "Gold is riding high on its own, but with the euro/dollar bid, it's even better," said a Singapore-based trader. "Asians have been non-stop buyers, and want to load up when gold is some 40 bucks off the all-time highs." Spot gold is biased to rise to $1,410 per ounce as an upward wave "c" is unfolding towards an eventual target at $1,430, said Wang Tao, a Reuters market analyst. Traders and analysts expected the rally in gold prices to continue in 2011, after the bullion gained 27 percent this year, on course for its strongest year since 2007. "In the last week of the year we'll likely see gold range-bound between $1,375 and $1,400. Next year, we could see the gold rally continue, supported by factors such as the sovereign debt crisis in the euro zone," said Ong Yi Ling, an analyst at Phillip Futures. Ong expected gold prices to rise to $1,550 or $1,600 in 2011. Spot silver rose 0.6 percent to $29.42 an ounce, up 75 percent so far this year. The gold-silver ratio, used to measure how many ounces of silver is used to buy an ounce of gold, stood at 47.3, near its 46-month low of 47.1 hit last week. The ratio has been on a steady decline since August this year, when silver started its spectacular rally. Spot prices had risen by 68 percent in the past five months, compared to a 19-percent ascent in gold over the same period. |
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bsiong
Supreme |
28-Dec-2010 11:02
Yells: "The Greatest Wealth is Health" |
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x 0 Alert Admin |
Gold inches higher on lower dollar, demand supportsSINGAPORE, Dec 28 (Reuters) - Spot gold edged higher on Tuesday, as the dollar fell nearly half a percent in thin year-end trade, and strong demand is expected to lend support to the bullion into the new year. FUNDAMENTALS * Spot gold inched up 0.2 percent to $1,386.30 an ounce by 0018 GMT. * U.S. gold futures climbed 0.3 percent to $1,386.8 an ounce. * Non-commercial net long positions in U.S. gold futures decreased to 206,424 lots by Dec. 21, down six percent from a week earlier. [ID:nN27OTR] * Spot silver gained 0.4 percent to $29.37, up 75 percent so far this year. It is the second best-performing of the complex, just after palladium, which is on course for a 90-percent gain in 2010. * Trade is expected to remain thin in the last week of the year, which may exaggerate price moves. * The dollar fell nearly half a percent against a basket of currencies . * The Conference Board leading economic index (LEI) for the euro zone rose 0.7 percent to 114.3 in November, a sharper rise than October's 0.3 percent and one that points to continued economic recovery. MARKET NEWS * Wall Street erased earlier losses and ended little changed on Monday as investors shrugged off a surprise weekend interest rate hike from China's central bank. * Crude oil CLc1 was steady, after it retreated from a 26-month high of $91.88 a barrel in the previous session. |
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bsiong
Supreme |
27-Dec-2010 15:23
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Gold regains lost ground as bargain hunting supportsSINGAPORE, Dec 27 (Reuters) - Spot gold regained lost ground on Monday, as bargain hunting trickled in after prices dropped about one percent in early trade in response to China's interest rate increase on Saturday. Spot gold fell to a one-week low of $1,371.10, before recovering to $1,384.80 an ounce by 0545 GMT, up 55 cents from the previous close. U.S. gold futures pulled back from a 0.4-percent decline to $1,386.2, up 0.4 percent. "Earlier speculators were selling on China's rate hike news, but a lot of buying has since emerged as speculators are buying on dip," said a Tokyo-based dealer. Spot gold is technically neutral as it is rangebound between $1,360 and $1,392 per ounce, but the bias seems to be with the bulls, Reuters market analyst Wang Tao said. For a 24-hour gold technical outlook:  China's central bank raised interest rates on Saturday for the second time in just over two months as it stepped up its battle to rein in stubbornly high inflation. "The market had been worried about more tightening moves from China. Now that the news is out, it almost came as a relief," said Li Ning, an analyst at Shanghai CIFCO Futures. Commodity markets pared early losses after the initial selling-off, focusing instead on positive fundamentals and threats to supply. Robust physical demand in the region was seen supporting the sentiment in the precious metals market. "Some speculators liquidated their positions earlier, but we also see very good physical demand in the market today," said Peter Fung, head of dealing department at Wing Fung Precious Metals in Hong Kong. Fung expected the rate hike to pressure gold prices in the short term, but physical buying is expected to emerge once prices dip below $1,370. "Gold is likely to be traded in the range of $1,360 to $1,390. In the medium-term, gold is still looking up," Fung said. Thin trade at the year-end tends to exaggerate price moves, traders also said. The dollar edged down against a basket of currencies on Monday. |
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bsiong
Supreme |
26-Dec-2010 11:18
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
China Increases Interest Rates to Curb Its Fastest Inflation in Two YearsBy - Dec 26, 2010 1:20 AM GMT+0800China raised interest rates for the second time since mid-October to counter the fastest inflation in more than two years and more moves may follow. The benchmark one-year lending rate will rise by 25 basis points to 5.81 percent and the one-year deposit rate will climb by the same amount to 2.75 percent, effective today, the People’s Bank of China said in a one-sentencestatement on its website late yesterday. [news] |
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tea444u
Master |
24-Dec-2010 18:46
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x 0
x 0 Alert Admin |
i bought some gold bracelets two weeks back. | ||
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Hulumas
Supreme |
24-Dec-2010 15:17
Yells: "INVEST but not TRADE please!" |
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x 0
x 0 Alert Admin |
It is certainly higher and higher, but not as high as your expectation!
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bsiong
Supreme |
24-Dec-2010 13:34
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Gold awaits 2011 for new bull run December 23, 2010 at 16:05 LONDON (Commodity Online): Gold and silver prices seem to be waiting for the New Year to dawn before starting a renewed bull run. With festival season and holidays coupled with a heavy snow in Europe impacting several businesses, gold and silver prices also showed signs of a dip this week. However, analysts said the prices are bound to shoot up in the New year. In India gold fell by Rs 40 to Rs20,720 per 10 gm in continuation to a combined loss of Rs60 in last two sessions, while silver fell by Rs130 to Rs44,820 per kg, after a decline of Rs350 in the last two days. Gold for February delivery settled $1.40 lower to $1,387.40 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,391.70 and as low as $1,385.60 during Wednesday’s session. Gold prices got some support from news that the International Monetary Fund has completed the sale of 403 tons of gold originally announced in September 2009. Many analysts had been worried that a large gold sale would lead to an oversupply in the market and lower prices. China has said that it will not be buying additional gold for its reserves, but is encouraging its citizens to buy and is opening up the gold trading market to spur demand. China, however, is unlikely to announce if it is buying gold for risk of triggering a rally in the price. Central banks, in general, regard reserve allocation as an ongoing government policy. Although the governments consider fundamentals like dollar weakness and the sustainability of gold as money, they don’t trade gold, they buy it as an investment. In the third quarter, purchases by central banks outweighed sales by 21.9 tons according to the World Gold Council. Eurozone banks held on to their gold while Russia bought 46.2 tons, Philippines bought 4.2 tons, Thailand added 15.6 tons to its reserves and Sri Lanka increased its holdings by 6.9 tons. Inflation headlines should also help support gold prices. The Reserve Bank of India said inflation is not slowing as quickly as it wants. Gold becomes appealing during times of inflation as a hard asset that retains more monetary value as fiat currencies are devalued. This thesis hasn’t really panned out for investors in the United States as the inflation rates stay very low, but emerging market countries like China and India are seeing consistent high inflation. More inflation is good for gold, but raising key interest rates, the way to combat inflation is bad for the metal. As the cost of borrowing increases and paper currencies get stronger, gold becomes less appealing. But so far rates have not been hiked high enough to damage gold prices, or in China’s case, not at all. Most analysts are looking towards 2011 to provide real direction for the gold price. Historically January and February are good months for gold as investors buy back positions they shed ahead of the new year. // |
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niuyear
Supreme |
24-Dec-2010 11:04
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x 0
x 0 Alert Admin |
I am hoping higher and higher cos am vested! :) |
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bsiong
Supreme |
24-Dec-2010 10:58
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Gold off 1-week low; ETF holdings drop\
SINGAPORE, Dec 24 (Reuters) - Gold bounced on Friday after a drop to a 1-week low the previous day attracted bargain hunters, but thin trade ahead of the Christmas break and a volatile euro could push prices in either direction. FUNDAMENTALS * Spot gold rose $2.11 an ounce to $1,382.00 an ounce by 0031 GMT, having dropped to as low as $1,372.05 an ounce on Thursday as the euro rebounded. Gold was well below a historical high of around $1,430 hit earlier this month. * U.S. gold futures for February fell $6.9 an ounce to $1,380.5 an ounce ahead of the long Christmas weekend in the United States. * The world's largest gold-backed exchange-traded fund, SPDR Gold Trust , said its holdings slipped 1,284.973 tonnes by Dec. 23 to from 1,288.616 tonnes on Dec. 22. MARKET NEWS * The euro held its ground against the Swiss franc early in Asia on Friday after having staged a rebound overnight in what traders said was a correction following a series of record lows this week. * Japan's Nikkei average opened lower on Friday, with a stronger yen against both the dollar and euro after more ratings downgrades of European countries weighing on shares in holiday-thinned trade. (GMT) DATA/EVENTS -- U.S. market holiday RELATED NEWS > Oil at two-year high, stocks close mostly lower > NKorea makes nuclear threat in standoff with South > US data reinforce solid Q4 growth hopes > Fitch cuts Portugal rating 1 notch on debt levels > US consumer spending back to normal? Not so fast > U.S. bond market braces for higher yields in 2011 > Breakingviews-Too big to fail partial cure in 2011[nLDE6BL1B1 Precious metals prices at 0031 GMT Metal Last Change Pct chg YTD pct chg Turnover Spot Gold 1382.00 2.11 +0.15 26.13 Spot Silver 29.35 0.04 +0.14 74.39 Spot Platinum 1721.99 5.49 +0.32 17.38 Spot Palladium 752.00 1.51 +0.20 85.45 Euro/Dollar 1.3115 Dollar/Yen 83.09 |
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bsiong
Supreme |
23-Dec-2010 09:03
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Gold price predictions for 2011 Published on: December 22 2010 12:10 GMT NEW YORK (Commodity Online): It is the season for greetings and predictions. The one commodity that is attracting an overwhelming number of predictions is gold these days. As the year gets to a close, dozens of gold price forecasts for the year 2011 have come in. Gold at $1500, $1700, $1800, $2000 an ounce: which among these prices will you believe in? It is hard to put your confidence and money into commodities—especially into gold—when forecasts on gold price vary in widening values. But that said, one thing is certain: gold price is certainly going to skyrocket in the coming months of 2011. So, it is now time to take stock of all the gold price predictions that investors, readers, bullion dealers and governments have been subjected to in the last few weeks. Here are some prominent gold price predictions for 2011: Bullion Research Desk of Commodity Online: "Gold price to hover around $1500-$1600 range in 2011. Gold price will go up in 2011, driven by the fluctuations in US dollar and other currencies, dwindling productions, increasing mining problems and rising demand for jewellery and investment for the yellow metal. Gold price is definitely going to cross the $1500 mark per ounce in 2011 and it will remain in the range of $1500-$1600.” Global commodities guru Jim Rogers: “Gold price would eventually rise above $2,000 an ounce. Gold will be $2,000 certainly in the decade, it'll probably be much higher than $2,000 in the decade but maybe even sooner I don't know. But to me it seems pretty clear that it'll go to at least $2,000. If you adjust the old high back in 1980 for inflation, gold should be over $2,000 now.” Saxo Bank: “Gold price will be at $1800 per ounce in 2011 if the US Dollar strengthens, sparking fresh currency wars across the Pacific. Pressure piles on China and as investors flee to metals in search of some stability, gold shoots up to $1800 an ounce.” Henderson: "Gold price will rise to $1600 in 2011." PricewaterhouseCoopers: A new survey of 44 investors and gold mining executives conducted by PricewaterhouseCoopers's Canadian Mining Group forecasts a peak of $1500 per ounce for 2011. BNP Paribas: Has forecast an average of $1,500 in 2011. Goldman Sachs: It has set a 12-month target of $1690 per ounce. Capital Economist: “As inflation fears mount, the price of the precious metal will be pushed to Ł1,600 in 2011 and reach $2,000 by the end of 2012, it has been forecast, as investors clamour to buy safe haven assets.” ABN AMRO/ VM Group: It has raised its previous average 2011 gold forecast by $35 to $1,459, up from $1,424 in November. // |
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bsiong
Supreme |
23-Dec-2010 08:55
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Closing Gold & Silver Market Report –12/22/2010December 22, 2010At 4PM (CT) the APMEX precious metal prices were:
COMMENTARY: As we have been reporting of late, gold trading will most likely be lack luster until year’s end, as profits are taken by hedge funds and large institutional gold buyers. They need to square their books and positions…but once 2011 hits, things may change rapidly. Gold spot price finished down $3.30 – Silver price was down 14 cents – Platinum spot price was up $1.70 – Palladium spot was down $1.80 There are gold investors who prefer bars and there are those who prefer coins such as Gold American Eagles, Gold Canadian Maple Leafs or the very first gold coin the South African Krugerrand. No matter your preference, with gold prices poised for action in 2011, now might be the time to establish a position. |
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bsiong
Supreme |
22-Dec-2010 23:43
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Morning Gold & Silver Market Report – 12/22/2010December 22, 2010
COMMENTARY: The IMF released a statement Tuesday night saying they have completed a large program of gold sales (reportedly 403.3 tonnes), thus removing one of the few bearish elements restraining the gold bullion market. Gold spot price has not moved appreciatively on the news, but this is not unexpected as company’s continue to unwind positions before December 31. Palladium continues its upward climb, perhaps on the statement issued by Norilsk (the world’s biggest producer of nickel) that they see Russia selling “insignificant” amounts of palladium next year before completely exiting the market in 2012. Gold spot price is up 70 cents – Silver price is down 1 cent – Platinum price is up $5.10 – Palladium spot price is up - $4.90 |
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bsiong
Supreme |
22-Dec-2010 23:41
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Dec 22 (Reuters) - Gold firmed in Europe on Wednesday, supported by a retreat in the dollar and fresh tensions over euro zone debt after Moody's warned it might cut Portugal's credit rating, and Fitch said the same about Greece. MARKET NEWS * The dollar eased versus the euro and fell to a two-month low versus the Swiss franc on Wednesday, but the single currency remains vulnerable after Moody's said it may cut Portugal's rating, and Fitch said the same about Greece. * German government bonds were steady as the market wound down for the Christmas break, but bonds issued by highly indebted euro zonecountries were set to remain under pressure with Greece the latest to face a rating cut. * Oil prices rose to hover just below $90 a barrel, supported by data showing a drop in U.S. oil and gasoline inventories and a cold spell in the United States and Europe, amid thin trading volumes. * Asian stock markets clung to Tuesday's gains in light pre-holiday trade after upbeat earnings forecasts and a flurry of merger activity lifted European and Wall Street stocks, pushing U.S. shares to more than two-year highs.
FUNDAMENTALS * The International Monetary Fund announced on Tuesday the completion of the massive gold reserve sale it began a year ago, likely drawing to a close decades of bullion divestment from the public sector. * The world's largest gold-backed exchange-traded fund, SPDR Gold Trust (GLD), said its holdings eased to 1,298.029 tonnes by Dec 21 from 1,298.940 tonnes.
TECHNICALS * Gold support at $1,363, resistance at $1,408, 14-day RSI at 53.8. * Silver support at $28.38, resistance at $29.94, 14-day RSI at 59.8. |
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bsiong
Supreme |
22-Dec-2010 09:03
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Gold ticks up on euro zone debt worriesSINGAPORE, Dec 22 (Reuters) - Gold inched up in thin trade on Wednesday, with sentiment still supported by worries of more ratings downgrades for indebted euro zone countries. FUNDAMENTALS * Spot gold rose $2.14 an ounce to $1,387.44 an ounce by 0033 GMT. Gold was well below a historical high of around $1,430 hit earlier this month. * U.S. gold futures for February eased $1.1 an ounce to $1,387.7 an ounce. * The International Monetary Fund announced on Tuesday the completion of the massive gold reserve sale it began a year ago, likely drawing to a close decades of bullion divestment from the public sector. * The euro continued its slow descent on Wednesday as a steady drip of grim ratings news eroded confidence in the single currency, dragging it to record lows on the Swiss franc and Australian dollar. * The world's largest gold-backed exchange-traded fund, SPDR Gold Trust , said its holdings eased to 1,298.029 tonnes by Dec. 21 from 1,298.940 tonnes on Dec. 17. MARKET NEWS * Japan's Nikkei average edged down on Wednesday as investors locked in profits ahead of the year-end holidays following a 1.5 percent rise the previous day, but sentiment towards Tokyo stocks remained bullish. * U.S. crude futures extended gains to near $90 a barrel on Wednesday, getting support from industry data showing a surprise large drop in U.S. crude inventories. |
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| Useful To Me Not Useful To Me | |||
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bsiong
Supreme |
22-Dec-2010 09:01
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Closing Gold & Silver Market Report – 12/21/2010December 21, 2010At 4PM (CT) the APMEX precious metal prices were:
COMMENTARY: Gold spot price and silver price were basically flat as they traded up and down all day long. Platinum and Palladium continued to move up on supply side concerns. Mining for platinum in South Africa is getting more expensive and difficult, while the Russians are running out of palladium stock. Platinum was up $12.90 and palladium was up $10.30. |
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bsiong
Supreme |
21-Dec-2010 23:36
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Gold ETFs supporting bullish gold rally Published on: December 21, 2010 at 16:25 NEW YORK (Commodity Online): As the year ends to a close, gold price is getting ready to greet the New Year with a historic high of around $1400 per ounce. What is the underlying bullion barometer that is sustaining the ongoing bullish rally in gold price? Bullion experts say that the strong, current yellow metal price is sustaining thanks to the huge investor demand for gold exchange traded funds (ETFs). “Gold ETFs have been in great demand in 2010. Largely, it is the Gold ETFs that are supporting the strong, historic rally in gold price,” says David Wilson, a bullion analyst. The week started with Comex gold futures prices ending modestly higher on Monday on fresh safe-haven investor buying demand. February Comex gold is around $1,386.20 an ounce. Spot gold is trading up $10.20 at $1,386.25. Wilson’s argument that Gold ETFs are mainly responsible for sustaining the gold price rally looks to be true. According to a report from Commerzebank, the SPDR Gold Trust, the world’s largest gold fund, has reported a rise of 15.2 metric tons in its holdings, the largest net inflow since mid-October. The financial crisis in the European Union and growing tensions between North and South Korea are adding to the investor demand for gold as a safe haven vehicle. Commerzebank said that Gold ETFs like SPDR Gold Trust are attracting large number of investors these days thanks to the great safe haven confidence that the gold has displayed in the last one year. For instance, investment in SPDR Gold Trust, the world’s largest exchange traded fund in gold, is dominated by retail investors. According to a recent study by the apex gold body—the World Gold Council (WGC)—retail investors make up an estimated 70% of the SPDR Gold Trust exchange traded fund. WGC is one of the sponsors of SPDR Gold Shares. The shares trade under the ticker symbol GLD. The Gold Trust ETF is the second-largest ETF of any kind with over $56 billion under management, with only the SPDR S&P 500 ETF – SPY – bigger at around $77 billion. The next largest is the iShares Gold Trust at $4.4 billion under management. A share in the SPDR Gold Trust represents 1/10 of an ounce of gold, while the iShares is 1/100. Recently iShares cut the expense ratio for the fund, which is credited with helping to boost investment in that ETF. The expense ratio for the SPDR Gold Trust is 0.40% and the iShares is 0.25%. According to Jason Toussaint, managing director, US and investment for the World Gold Council, big investors like John Paulson or George Soros absolutely are in the SPDR GLD. "You can look at the 13F filing and see Paulson is the No. 1 holder, the largest single holder, but there’s a vast retail investment base in the GLD. Not every investor is going to show up in the 13F. Sixty to70% of the holdings are retail investors." Toussaint said ETFs themselves have allowed small investors into the gold market. “Many of those who bought ETFs never bought gold before. It’s a testament that the GLD expanded the gold market,” he said. SPDR Gold Shares offer investors an innovative, relatively cost efficient and secure way to access the gold market. Originally listed on the New York Stock Exchange in November of 2004, and traded on NYSE Arca since December 13, 2007, SPDR Gold Shares has been one of the fastest growing ETFs in the US. SPDR Gold Shares now trade on the Singapore Stock Exchange as well as the Tokyo Stock Exchange and the Stock Exchange of Hong Kong. |
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| Useful To Me Not Useful To Me | |||
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bsiong
Supreme |
21-Dec-2010 22:58
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Dec 21 (Reuters) - Gold prices rose back towards $1,390 an ounce in Europe on Tuesday, helped by gains in he euro, and as fears of further ratings downgrades in Europe prompted further interest in the metal as a haven from risk. * The dollar retreated as the euro bounced back from a 2-˝ week low on short-covering on Tuesday, though simmering fears that some euro zonecountries and banks could face more borrowing strain are likely to limit gains. * Oil prices rose for the third straight session, supported by cold weather in the United States and Europe, seasonal gasoline demand, and an expected drop in U.S. crude stocks. * Asian stocks were firm as investors picked up end-of-year bargains, withJapan's Nikkei average closing at a seven-month high. European stock index futures pointed to a higher open.
FUNDAMENTALS * Switzerland imported 3,772 tonnes of platinum and 1,765 kilograms of palladium in November, while exporting 5,301 tonnes of platinum and 3,154 tonnes of palladium, customs data showed. [ID:nZCHKNE64P]
TECHNICALS * Gold support at $1,363, resistance at $1,408, 14-day RSI at 53.5. * Silver support at $28.38, resistance at $29.94, 14-day RSI at 61.7. |
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bsiong
Supreme |
21-Dec-2010 22:55
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Morning Gold & Silver Market Report – 12/21/2010December 21, 2010At 8AM (CT) the APMEX precious metal prices were:
COMMENTARY: Gold spot price is up $5.40 – Silver price is up 17 cents – Platinum spot price is up $9.30 – Palladium price is up $5.60 Precious metal prices should continue to trade in choppy waters throughout the end of the year. You can see analyst take both sides (bulls and bears) of the precious metal 2011 forecast. The bulls point out that the same fragile economic environment, fiat currency fluctuations and geopolitical tensions that have driven prices up are still in play. The European crisis is certainly still a concern. Moody’s is evaluating downgrades in Greece, Ireland, Portugal and Spain. Just today a report came out announcing that Spain’s short term borrowing costs have risen as the bid to cover rates continue to go up. |
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Hulumas
Supreme |
21-Dec-2010 19:47
Yells: "INVEST but not TRADE please!" |
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x 0
x 0 Alert Admin |
I am not vested! | ||
| Useful To Me Not Useful To Me | |||