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Gold & metals
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marubozu1688
Master |
07-Nov-2012 20:36
Yells: "Be humble in front of Mr. Market." |
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x 0
x 0 Alert Admin |
Gold should do well after Obama won the US Presidential Election 2012... More $$ to be printed! http://mystocksinvesting.com/world-economy/us-presidential-election-2012/dow-jones-election-rally-heading-into-resistance/ |
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bsiong
Supreme |
07-Nov-2012 09:28
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
 The Bullish Case For Silver...bottom in the precious metals sector might have just been reached. today’s rally in gold & silver, it seems really the c... Read More |
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bsiong
Supreme |
07-Nov-2012 09:24
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Closing Gold & Silver Market Report – 11/6/12November 6, 2012PRECIOUS METALS RISING TODAY GREECE IN PROTEST MODE The Precious Metals market has shown positive gains today for a couple of reasons. The big reason is the presidential election in the United States. Many experts believe President Obama will win a second term in office, and that has given the markets a boost. “The prime driver for Gold and Silver has been the prospect for monetary inflation and quantitative easing. So an Obama victory would support [the view] that these policies would continue unabated,” says Brien Lundin, editor of Gold Newsletter. The second factor in today’s rising prices comes from Europe. The recovery efforts in the region have almost come to a standstill, and patience is wearing thin. “We are seeing investors getting disillusioned about the eurozone, the positive factor from the ECB's plan to buy bonds is fading and that is fundamentally weighing on the euro," said Neil Mellor, currency strategist at Bank of New York Mellon in London. In Greece, the parliament is set to vote on budget cuts to help secure loans from lenders. However, the people of Greece are far from pleased with these proposed cuts. Today started a massive walk-out by two of the largest labor unions in the country. The estimated number of protesters was about 16,000, but could grow. The Greek people are not at a loss for words regarding the situation. " The measures are wrong, the politicians and the rich aren't paying their taxes and the only ones paying are those on 300 and 500 euros a month," said Dimitris Karavelas 42, who has been forced to shut down his small construction company. At 5 pm (EST), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
06-Nov-2012 23:28
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Last Updated : 06 November 2012 at 16:40 IST Gold holds just above 100-, 200-day moving averages Source :Commodity Online NEW YORK (Commodity Online): The next key support for gold lies around the 100- and 200-day moving averages that are not far below the market, said Alex Thorndike, senior trader for precious metals and foreign exchange with MKS Capital. Gold fell sharply Friday after U.S. employment data on long liquidation and a stronger U.S. dollar. “The strong selling saw gold cross a number of support zones including the $1,700 psychological support and the 38.2% Fibo retracement level at $1,695.20,” he noted. “As a result, model and momentum traders jumped on the bandwagon and sold aggressively down to $1,676, not too far from the next key supports, $1.671.90 (100 dma) and $1.670.90 (200 dma). Despite Indian and Chinese demand having picked up moderately over the last two weeks, significant macro liquidation has completely overwhelmed this,” he added. “Gold is now back where it was just prior to Federal Chairman Ben Bernanke’s late-August speech at Jackson Hole, Wyo., suggesting that euphoria over the third round of U.S. quantitative easing announced in September has now well worn thin,” Thorndike concluded. |
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bsiong
Supreme |
06-Nov-2012 23:25
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Morning Gold & Silver Market Report – 11/6/2012November 6, 2012GOLD PRICE EYES U.S. ELECTION U.S. stock futures and Precious Metals are up across the board this morning, as Americans are slated to elect the next U.S. President. The fact that both stocks and Metals are gaining seems to be foreshadowing the close race which is expected throughout the day and night, with recent reports saying that an Obama win would be bullish for Gold, while a Romney win would be bullish for stocks. Analysts from Danske Research said in a note to investors, “The biggest concern in the financial market is that the Congress will not be able to agree on softening the impact from the fiscal cliff facing the U.S. next year.” The managing director of Egan-Jones, a sovereign debt ratings firm, said that even if Congress is able to reach a deal on the fiscal cliff, downgrades to the country’s credit rating are still likely to happen. Sean Egan said, “The key measure on sovereign credit quality is debt-to-GDP, in the case of the U.S., it’s risen rather dramatically, from four years ago at 75 percent debt-to-GDP, to currently over 104 percent… Regardless of who’s elected, either one is going to have to deal with a rather high deficit.” Standard & Poor’s, another credit-ratings agency, downgraded the U.S. rating in 2011, which ignited a record run for the price of Gold. At 9 a.m. (EST), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
06-Nov-2012 09:40
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Closing Gold & Silver Market Report – 11/5/2012November 5, 2012HOW WILL THE U.S. PRESIDENTIAL ELECTIONS AFFECT GOLD? Gold prices are gaining today as the U.S. Presidential election approaches, which has been the focal point for 2012 in the investment market. The speculation on which candidate will be elected and what they will bring to the table has been strong today as many have shared their outlook for what it could mean for Gold. Phil Streible, senior commodities broker at RJO Futures offered his comments. To the possibility of President Obama being re-elected, he said we would continue to see, " fiscal irresponsibility, (Federal Reserve Chairman) Ben Bernanke going all the way through [his term], quantitative easing full throttle, weaker dollar.” Streible then speculated on a Mitt Romney victory, saying, " You get Romney and he's planning on shrinking the government, cutting spending, becoming more fiscally responsible ... so you're probably going to see a stronger dollar, weaker metal on him.” A private sector report shows that U.S. consumer confidence rose for the month of October asAmericans are beginning to feel more optimistic about the economy. The report reflected a reading of 72.2 for October, an substantial increase from the reported 68.4 in September, and the highest level since February 2008. The labor and housing market are both more upbeat than previously recorded as consumer certainty is improving with the holidays approaching soon. It is expected that new home construction will create growth this year, which would be the first time since 2005. At 5 p.m. (EST), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
06-Nov-2012 01:29
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Last Updated : 05 November 2012 at 21:10 IST Morgan Stanley still bullish on Gold in long term Source :Commodity Online/Morgan Stanley LONDON (Commodity Online): Morgan Stanley remains upbeat on gold longer term, suggesting more longs could exit in the near term but also saying this may prove to be a buying opportunity. In a monthly commodities report, the firm describes itself as " still bullish ags and gold, though the former seems to lack any near-term catalysts. We see gold continuing to perform in 4Q12 with no near-term end in sight to the easing cycle, especially given the continuation in central-bank gold buying. We remain bullish ags but do not believe that there will be catalysts in the coming month as the U.S. harvest winds down and South American planting is ongoing." Gold fell sharply Friday after a stronger-than-forecast U.S. jobs report lifted the dollar, with prices falling below the key technical area of $1,700 an ounce. After the recent high net length of speculators, " we would not be surprised to see continued flushing out--but view this price weakness as a solid buying opportunity ahead of a rebound heading into year-end,” they continues. Meanwhile, Morgan Stanley says platinum group metals " remain largely in limbo between an uncertain supply outlook in South Africa and the currency-driven weakness in the gold markets." |
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bsiong
Supreme |
06-Nov-2012 01:24
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
 November 05, 2012 • 06:43:17 PST China Is Quietly Becoming Gold SuperpowerIn other words, China is producing more gold than any other country, but isn’t exporting any of it. |
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bsiong
Supreme |
06-Nov-2012 01:22
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
 November 05, 2012 • 06:55:58 PST $4,000 Gold! Yes, But When?We may be skeptical of price projections for gold, but projections for national debt are quite believable. |
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bsiong
Supreme |
06-Nov-2012 01:17
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Morning Gold & Silver Market Report – 11/5/2012November 5, 2012POLITICS PUT INVESTORS ON THE SIDELINES The two largest economies in the world, the U.S. and China, both had investors sitting on the sidelines this weekend. The U.S. presidential vote is tomorrow, while on Thursday, China’s ruling Communist Party starts its 18th National Congress. At this congress it will see a new generation of leaders that will hold power for the next 10 years. Investors are showing caution while strategists are saying it may not be time to be overly reserved some risk, including equities, should be resumed. Pre-election sentiment is that an Obama win will be good for Treasuries and a Romney win will be good for equities. After the election all eyes will turn to the fiscal cliff and how the government will deal with the looming spending cuts and rising taxes. Gold rose slightly after strong jobs data forced Gold to a two month low on Friday. A strong U.S. dollar is keeping the Precious Metal from rebounding too high. The dollar rose to nearly a two month high against a basket of currencies as investors sought safe haven before the U.S. presidential election tomorrow. At 9 a.m. (EST), the APMEX Precious Metals spot prices were:
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wangerism
Master |
05-Nov-2012 16:56
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x 0
x 0 Alert Admin |
yeah maybe....comin to support
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bsiong
Supreme |
05-Nov-2012 08:38
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
 TIME TO BUY, BUY, BUYMonday or Tuesday should be an exceptional buying opportunity as gold moves into it's final intermediate cycle bottom. Read More |
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bsiong
Supreme |
03-Nov-2012 21:50
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Some Incredible Gold Charts [read] |
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bsiong
Supreme |
03-Nov-2012 21:47
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Don't Fear A Normal Gold Correction Don't Fear A Normal Gold Correction |
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bsiong
Supreme |
03-Nov-2012 10:22
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Last Updated : 02 November 2012 at 22:40 IST Gold may be under pressure after US elections: Deutsche Bank Source :Commodity Online “Once US elections are over, the market may begin to focus on the fiscal cliff (expiry of Bush tax cuts) and/or the debt ceiling, which could be hit early next year. These issues, combined with the possibility of renewed concerns regarding the eurozone, particularly Greece and Spain, and the potential for further liquidity-related risk aversion is quite high in our view. This in turn would ordinarily lead to some pressure on the gold price,” the bank added. Offsetting that is the trend of central bank buying, they add. “We see the $1,700 an ounce or just below as just such a level where opportunistic and longer-term buying is likely to emerge,” Deutsche Bank concluded. |
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bsiong
Supreme |
03-Nov-2012 10:20
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Closing Gold & Silver Market Report – 11/2/2012November 2, 2012GOLD AND STOCKS DROP AS ELECTION LOOMS A combination of several factors contributed to Gold ending the day the lowest it has been since the latter part of August. With the upcoming election generating uncertainty with investors and the report that October’s non-farm payrolls exceeded expectations, the dollar experienced a surge that pushed Gold down. Prices for Silver, Platinum, and Palladium also saw a dip today. Despite the positive payroll data, stocks in the U.S. ended the day down as well. According to senior equity trader Larry Peruzzi with Cabrera Capital Markets LLC, the employment data was a “good report that was met with some skepticism. This election is still too close to call so it may be tough to make any bets. Between the seesawing job reports, the too-close-to-call election, mounting damage cost from Sandy and our biggest city at 50 percent, markets seem to be at a bewildered and confused point.” At 5 p.m. (EDT), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
02-Nov-2012 23:41
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Morning Gold & Silver Market Report – 11/2/2012November 2, 2012OCTOBER JOBS REPORT ENCOURAGING GOLD DROPS BELOW KEY LEVEL The final jobs report before Tuesday’s U.S. presidential election showed an increase of 171,000 new jobs in October, which is higher than many analysts predicted. However, the unemployment rate in the country also increased to 7.9 percent. The U.S. dollar gained and Precious Metal prices fell after the news, with Silver dropping below $32 and Gold dropping below the key $1,700 level. Even with this morning’s drop, Gold traders are still bullish on the yellow metal. The majority of analysts participating in a Bloomberg survey expect the price to increase next week. One analyst said, “Central banks are all very concerned about a depression, so they’re keeping monetary policies as loose as possible. People are buying Gold as a store of value to protect against currency depreciation.” At 9 a.m. (EDT), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
02-Nov-2012 23:39
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Last Updated : 02 November 2012 at 18:40 IST Positive US non-farm pay roll data pulls Gold prices down by 1.10% Gold on the Comex is trading at $1696.65 a loss of 1.10% or $18.85. On India's MCX Gold for December delivery was seen trading at Rs.30709 a loss of 0.79%. |
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bsiong
Supreme |
02-Nov-2012 16:39
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Last Updated : 02 November 2012 at 11:35 IST 'Spot Gold to find support at $1700/oz MCX at Rs 30800' Source :Commodity Online Research desk AHMEDABAD (Commodity Online): Bullion in India eased on Friday as USD firmed but moves were muted due to uncertain economic outlook. “Major support for spot gold is expected at $1700 an ounce and for MCX December gold at Rs.30800. MCX silver December contract is expected to trade in range of 59300-60000. Investors are staying focused on US Non-farm Employment change due this evening for clues on monetary policy.” said Amrita Mashar, Manager-Research, Commodity Online. US Non-farm payrolls data is forecast to have positive impact on USD, but could prove to be bearish for bullion as it will cut expectation for additional quantitative easing. Meqanwhile, gold traders are most bullish in 10 weeks according to Bloomberg as wave after wave of stimulus Sandys lash against the gold coast. Eighteen of 27 analysts surveyed by Bloomberg expect gold prices to climb next week making bullish tone the most prominent since August 24. Also, “data today may show while U.S. employers took on 125,000 workers in October, that wasn’t enough to keep the jobless rate from rising to 7.9 percent from 7.8 percent, according to the median forecast of economists surveyed byBloomberg.” |
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bsiong
Supreme |
02-Nov-2012 13:04
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Last Updated : 02 November 2012 at 10:15 IST Gold ebullient most in 10 weeks as stimulus Sandys hit the shores Source :Bloomberg The Central Banks across the world have developed a penchant to inject stimulus into the economy as the warp and weft of global socio-economic-political fabric is at a risk of getting tattered. And this penchant has got directly translated into an ebullient performance by bullion. Gold traders are most bullish in 10 weeks according to Bloomberg as wave after wave of stimulus Sandys lash against the gold coast. Eighteen of 27 analysts surveyed by Bloomberg expect gold prices to climb next week making bullish tone the most prominent since August 24. The wave started off with Ben Bernanke opening QE floodgates and channelising $2.3 trillion in greenback in a debt purchase program from December 2008 through June 2011. Recently the floodgates were decided to be left open for unlimited time until the job markets took firm roots. This would mean a monthly dose of $40 billion for the economy in exchange for Mortgage Backed Securities. This measure comes along with another round of bond purchase program to the tune of $45 billion announced last week. Also, the Bank of Japan has provided the economy with 66 trillion yen with an additional firepower of 11 trillion yen added to it. It would also provide unlimited loans to banks to boost credit lending. The European Central Bank or ECB has decided to buy bonds on an unlimited scale. Add to this, the $158 billion subways-to-roads construction plan floated by China and the picture becomes clear. One may even see the froth oozing from the side of the bull's mouth. “Central banks are all very concerned about a depression, so they’re keeping monetary policies as loose as possible,” said Mark O’Byrne, the executive director of Dublin-based GoldCore Ltd., a brokerage that sells and stores everything from quarter-ounce British Sovereigns to 400-ounce bars toBloomberg News. “People are buying gold as a store of value to protect against currency depreciation.” he added. Meanwhile, gold prices are poised to gain today as “data today may show while U.S. employers took on 125,000 workers in October, that wasn’t enough to keep the jobless rate from rising to 7.9 percent from 7.8 percent, according to the median forecast of economists surveyed by Bloomberg.” |
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