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Gold & metals
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bsiong
Supreme |
31-May-2014 12:23
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Weekly Gold & Silver Market Recap - 5/30/20145/30/2014 4:10:31 PM By: Ted Prince
The Gold price came under substantial pressure this week as the perception of diminished tension in Ukraine temporarily rescinded safe-haven demand for the yellow metal. News that elections for new leadership in the nation will go uncontested by Russia saw Gold take a significant dip after a return from the long weekend. Primary Precious Metals prices have continued to trickle down each subsequent session leaving Silver below $19 an ounce and Gold realizing its worst week since March. While Gold and Silver struggle to find solid footing, Palladium reached its highest price since 2011 as the protracted miner strike in South Africa continues to hamper worldwide production for the metal. Causing further impetus for the retreat of Gold and Silver this week, the U.S. stock market continues to perform well. Mostly upbeat domestic economic data, strong corporate earnings, and a greater risk appetite for investors have helped benchmark equities indexes surge to new record levels. The Gold market received support over the past month from tensions in Ukraine. The public perception is that these tensions are easing (despite the loss of 64 lives this week) and this has helped drive Gold prices lower. Asia, who often picks up Gold purchases in declining markets, has not done so the past couple weeks. Buying has also slowed in India as investors are awaiting the repeal of the current harsh import taxes on Gold. " The move into riskier assets like equities, which have performed well, is weighing on gold," Peter Fertig, a consultant at Quantitative Commodity Research, said. " Furthermore, the market is not as worried about Ukraine as it has been in March and April. That' s reducing support from that side for gold." U.S. stock futures were mostly flat Friday, but some firms and analysts are predicting turbulent times ahead. Bank of America Merrill Lynch analysts said, " At some point the capitulation into Treasurys will be completed and thereafter bond volatility (and thus equity volatility) will become increasingly vulnerable to events that question the assumption of [zero interest-rate policy] to infinity. We stick with the view that a summer melt-up would likely be followed by a nasty correction in the autumn." Some analysts predict a significant stock market correction that could see equities fall as much as 20 percent, which could help Gold realize a significant rally as a safe-haven. Palladium has reached its highest price since 2011, climbing 13 percent since a South African miner strike that began January 23 has virtually halted production of Palladium. The nation is the world' s second-largest producer of Platinum and Palladium and the failure of labor unions and South African mining companies to reach a consensus regarding worker' s wages seems to be an ever-present concern in the region. " People are betting on higher prices because of the South Africa situation," Phil Streible, a senior commodity broker at R.J. O' Brien & Associates in Chicago, said in a telephone interview on Wednesday. " The fundamentals are very supportive." As Palladium prices rise, many speculators view the metal as a bullish bet as fund managers are beginning to increase their positions in the form of exchange-traded funds. Gold had its sharpest one day decline since December on Tuesday, falling 2 percent, while the S& P 500 climbed to an all-time high. Several factors were in play to generate this decline. There was a technical sell off driven by a breakout from pennant pattern, called so because of its triangular shape, which triggered computer generated sales. The S& P rally was another significant factor, rising on unexpected good economic news in the housing market and durable goods. With this week' s retreat for Gold and Silver, investors will wait to see if lower prices will create enough of a buying opportunity to force Precious Metals higher as many take advantage of bargain bullion. The lingering anxiety regarding a stock market correction has many equities experts leery as we head into the summer. Should stocks retreat in double digit percentages as some analysts predict, Gold and Silver could see a significant rebound from their current pattern. At 5 p.m. (ET), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
31-May-2014 12:19
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Mid-Day Gold & Silver Market Report &ndash 5/30/20145/30/2014 11:53:50 AM By: Peter LaTona
GOLD & SILVER HEAD FOR WORST WEEK SINCE MARCH The Gold market received support over the past month from tensions in Ukraine. The public perception is that these tensions are easing (despite the loss of 64 lives this week) and this has helped drive Gold prices lower. Asia, who often picks up Gold purchases in declining markets, has not done so the past couple weeks. Buying has also slowed in India as investors are waiting on the repeal of the current harsh import taxes on Gold. " The move into riskier assets like equities, which have performed well, is weighing on gold," Peter Fertig, a consultant at Quantitative Commodity Research, said. " Furthermore, the market is not as worried about Ukraine as it has been in March and April. That' s reducing support from that side for gold." In April, U.S. consumer spending fell for the first time this year, but this decline is not expected to continue. After all, there have been two months of solid gains, so why shouldn&rsquo t April be viewed as an anomaly? " The disappointing spending report should be viewed in the context of a stronger handoff into the second quarter. In the coming months, we look for ongoing labor market progress to encourage further growth in consumer expenditure," Gennadiy Goldberg, an economist at TD Securities, said. At the same time that consumer demand decreased, inflation is sending out warning signs. Core prices are up 1.4 percent from a year ago, which is the biggest increase since March 2013. At 12:50 p.m. (ET), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
31-May-2014 00:18
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Morning Gold & Silver Market Report - 5/30/20145/30/2014 8:14:09 AM By: Ryan Schwimmer
ANALYSTS: STOCKS IN FOR &lsquo NASTY CORRECTION&rsquo The Gold price is steady in early morning trading and is headed for a three percent weekly loss. Peter Fertig of Quantitative Commodity Research said, " The move into riskier assets like equities, which have performed well, is weighing on Gold. Furthermore, the market is not as worried about Ukraine as it has been in March and April. That' s reducing support from that side for Gold." U.S. stock futures are mostly flat, but some firms and analysts are predicting turbulent times ahead. Bank of America Merrill Lynch analysts said, " At some point the capitulation into Treasurys will be completed and thereafter bond volatility (and thus equity volatility) will become increasingly vulnerable to events that question the assumption of [zero interest-rate policy] to infinity. We stick with the view that a summer melt-up would likely be followed by a nasty correction in the autumn." At 9 a.m. (ET), the APMEX Precious Metals spot prices were:
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Isolator
Supreme |
31-May-2014 00:12
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x 0
x 0 Alert Admin |
Gold is marching to below 900 for now.... Nothing change... Enjoy... | ||||
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leeeta
Elite |
30-May-2014 23:50
Yells: "FA plus TA = Huat all the way." |
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x 0
x 0 Alert Admin |
http://armstrongeconomics.com/2014/05/29/gold-for-the-close-of-may/ http://finance.yahoo.com/blogs/talking-numbers/dump-gold-and-buy-this-instead--portfolio-manager-222354806.html |
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bsiong
Supreme |
30-May-2014 08:22
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
By Austin Galt - May 30, 2014
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With the gold price recently embarking on its next move down, I thought it would be a timely opportunity to investigate the AMEX HUI Gold Bugs Index and see if anything can be gleaned from is chart.
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bsiong
Supreme |
30-May-2014 08:21
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
By Rambus - May 29, 2014
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Tonight I would just like to look at some random PM charts, in no special order, to get a feel of where we are in the near to long term look. As you know the PM complex finally broke down from their two month consolidation patterns which is part of a bigger 10 month...
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bsiong
Supreme |
30-May-2014 08:09
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Gold 1230/36 of Interest as a Support ZoneBy Jamie Saettele, CMT, Sr. Technical Strategist
Daily
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bsiong
Supreme |
30-May-2014 08:06
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Gold C Wave CommencesBy Jamie Saettele, CMT, Sr. Technical Strategist
Daily
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bsiong
Supreme |
30-May-2014 08:04
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Closing Gold & Silver Market Report - 5/29/20145/29/2014 4:03:22 PM By: Ted Prince
STOCK MARKET MAY FACE CORRECTION INVESTORS WEIGH ECONOMIC FIGURES The Gold price remains under pressure Thursday as positive U.S. economic data, technical selling indicators and increased risk appetite cause the yellow metal to dip for the fourth straight session. Gold began the short week with a significant drop following news that tensions in Ukraine were temporarily softened. Safe-haven appeal has been the central elevating factor for Gold in 2014. Though Gold is struggling to gain a solid footing, many analysts predict a significant stock market correction that could see equities fall as much as 20 percent, which could help Gold realize a significant rally as a safe haven. U.S. equities are trading higher for the fifth time in six sessions. Investors shrugged off numbers showing a first-quarter GDP contraction and remain confident that the stock rally still has more to offer. " No matter what that GDP number was, the underlying backdrop is that the data is improving," ,Sam Turner, a fund manager with Riverfront Investment Group LLC, said. " We had two months there where small caps, higher momentum names really took it on the chin. Now they&rsquo re oversold and start to see some recovery." With unemployment numbers on the decline and corporate earnings figures continuing to impress, investors will continue to ponder how far the U.S. equity win streak can be prolonged. At 5 p.m. (ET), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
29-May-2014 22:26
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Morning Gold & Silver Marker Report - 5/29/20145/29/2014 8:40:23 AM By: Peter LaTona
GOLD PRICES FALL TO 16-WEEK LOW &ndash SILVER DIPS BELOW $19 An improving U.S. economy and a stronger U.S. dollar are pushing Gold and Silver prices lower. The U.S. dollar is at a three-month high compared to the euro. The expectation that the European Central Bank will soon take action to further devalue the euro, the dollar could get even stronger. " The sentiment towards gold will remain bearish as the economy has been doing better this quarter," Mike Dragosits, senior commodity strategist at TD Securities, said. According to John Hathaway, Senior Managing Director at Tocqueville Asset Management, now might be the time to buy Gold. " Typically the money is made when you buy something that is out of favor, and gold is certainly out of favor...what we have to look for is a different perception of macro events." John Hathaway, a portfolio manager at New York-based Tocqueville Gold Fund told CNBC. " It' s very interesting and very opportune for investors to not write it off but to consider investing...we live in a world of substantially higher systematic risk than we had even five years ago during the financial crisis." At 9:30 a.m. (ET), the APMEX Precious Metals spot prices were:
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cccx123
Elite |
29-May-2014 19:16
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x 0
x 0 Alert Admin |
I have many physical bullion coins and bars, that's why
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danytan
Master |
29-May-2014 16:34
Yells: "Up up and away!" |
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x 0
x 0 Alert Admin |
few hundreds a week? how come
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cccx123
Elite |
29-May-2014 16:31
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x 0
x 0 Alert Admin |
PMs really jialat sia...the value of my physical holdings evaporating at the rate of hundreds a week. Omg lol. Think I can hug to sleep already. | ||||
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Isolator
Supreme |
29-May-2014 09:33
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x 0
x 0 Alert Admin |
You do not dare to post on other thread now... All green since I back... I know you secretly follow me to long now..... lol
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bsiong
Supreme |
29-May-2014 07:54
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Closing Gold & Silver Market Report - 5/28/20145/28/2014 4:41:06 PM By: Ted Prince
PALLADIUM REACHES 3-YEAR HIGH AS SOUTH AFRICAN MINER STRIKE CONTINUES
The Gold price seeped further down today on easing geopolitical tensions following news that Russia will not interfere with Ukraine&rsquo s vote for new leadership. While Gold struggles to find solid footing, Palladium has reached its highest price since 2011, climbing 13 percent since a South African miner strike that began January 23 has virtually halted production of Palladium. The nation is the world&rsquo s second-largest producer of Platinum and Palladium and the failure of labor unions and South African mining companies to reach a consensus regarding worker&rsquo s wages seems to be an ever-present concern in the region. " People are betting on higher prices because of the South Africa situation," Phil Streible, a senior commodity broker at R.J. O&rsquo Brien & Associates in Chicago, said in a telephone interview. " The fundamentals are very supportive." As Palladium prices rise, many speculators view the metal as a bullish bet as fund managers are beginning to increase their positions in the form of exchange-traded funds. Following a four-session rally that saw the S& P 500 reach another record high, U.S. stocks are down as investors take gains. Today&rsquo s mild dip comes ahead of key reports from the U.S. Commerce Department. Economists predict the report will show a contraction of 0.5 percent in the U.S. economy during the first quarter. " People are focusing on the GDP number tomorrow," John Traynor, chief investment officer of People&rsquo s United Bank Wealth Management, said. " There are two camps of investors. They seem to fall down on the side of, &lsquo Is the economy at a point where it reaches a self-sustaining path?&rsquo " At 5:30 p.m. (ET), the APMEX Precious Metals spot prices were:
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Bigmama
Elite |
29-May-2014 07:16
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x 0
x 0 Alert Admin |
What a joke.....Iso... Your EPIC loss and failure on all of your 5 to 6 counters are well documented in SJ with at least a few hundreds of postings. Learn from your mistake first lah before starting to recommend tons of counters again as if your are an expert. I should be the one who saying "don't embarrass yourself further"
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Bigmama
Elite |
29-May-2014 06:30
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x 0
x 0 Alert Admin |
Huh? Have you gone senile? Which one of my recommended counter lose money? All your recommend counters lose big time.
If you forget your own postings go and read your own embarrassing postings to recall. Go find my posting to prove me wrong lah ..... Liar.
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Isolator
Supreme |
29-May-2014 00:12
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x 0
x 0 Alert Admin |
You have been talking rubbish all this while..... U stupidity make you miss the rally yet you still want others to follow you.... I suggest you better hide your head under the mud... Don't embarrass yourself further.... Lol..
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Bigmama
Elite |
29-May-2014 00:01
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x 0
x 0 Alert Admin |
Rubbish..... At most around 1100
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