mynameisandhy Posted January 2, 2012 Author Report Share Posted January 2, 2012 Mine Production 1.3 Future ANTM Cibaliung Tons of Gold Monday, January 2, 2012 PT Antam Tbk (ATNM) estimates of gold production reached 1.2 to 1.3 tons of mine Cibaliung for the year 2012. It was announced by the Finance Director of PT Antam Tbk (ANTM) Djaja Tambunan, after the opening of stock markets in Indonesia Stock Exchange Building (BEI), Jakarta, Monday (2 / 1). "In the last year of Mine Cibaliung of 800 pounds, and year 2012 gold production reached 1.2 to 1.3 tons in 2012, "said Djaja. And for the company's total gold production is estimated at 6.5 tons this year, with an average price of gold is estimated to reach U.S. $ 1,200 per troy ounce. On the other hand, the company will suspend nickel project in Southeast Sulawesi Pomala earlier this year. This was done to optimize the company's next project. But management Antam not know until when the termination of the project is done. "" In the first quarter we will pause Pomala Feni project, but we do not know until when and influence to the production of ferronickel, "said Djaja. And his plan, the company will issue the remaining bonds continued in the second half of 2012. Sabagai information, the company has issued bonds in 2011 I sustained Rp 4 trillion worth at the end of 2011. As for capital spending this year, Antam budgeted Rp 5, 8 trillion in 2012. Fund capital expenditure will be covered from cash, bonds and bank loans. Quote Link to comment Share on other sites More sharing options...
ian_arifin Posted January 3, 2012 Report Share Posted January 3, 2012 Minyak & emas Saya lagi baca commodities weekly report dari saxo, sangat menarik. di 2012, harga brent crude akan stuck sekitar 100-115 karena resiko geopolitik antara syria dan iran. support untuk harga minyak: keadaan di US membaik, tetapi harga minyak bisa turun karena krisis di eurozone. Kalau emas mencapai 1537, berarti bear market akan mulai. 200 day MA sekarang di 1628. harga tembaga turun di 2011 karena china mengurangi pembelian sebab harga tinggi dan tightening monetary policy Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 3, 2012 Author Report Share Posted January 3, 2012 Gold And Silver rocketed But still tentative Tuesday, January 3, 2012 Spot Gold and Silver prices jumped more than 2 percent on Tuesday, is supported by the return of investors to the stock after the new year off with a higher risk appetite. Although the global economy still hadapai uncertainties, investors seem to add to speculation in commodities such as Gold and Silver. Veteran investors like Jim Rogers said today that he is buying Gold and Euro currencies, though most hedge funds still expect the euro slumped to a record low again. Technically, the price increase was temporary, this week still in a minor correction upwards, but after that still has the potential to weaken again to below $ 1350. Resistance in the area nearest $ 1,600 & $ 1,635, while a strong support level looks at the area of $ 1550 & $ 1500. Gold trading range during 2012 is estimated in the range of $ 1,200 up to $ 1900 as the uncertainties in the euro zone, and the risk of contraction of the U.S. labor sector. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 4, 2012 Author Report Share Posted January 4, 2012 Gold tends to be stable due to tension in Iran Wednesday, January 4, 2012 Gold traded steady today, stop the rise in the previous session due to the release of American and European economic data, also due to concerns about Iran. Gold started the year by stopping the decline last week and had its highest daily rise since October 25 last. Analysts predict gold will again become an attractive asset after fears of European crisis subsided. Gold fell 0.2 percent to 1599.59 per ounce after rising 2.4 percent in the previous session. American Gold slightly corrected to 1601.40 dollars per ounce. Analysts predict gold prices may go up to 1629 dollars today. Gold moves parallel to the euro fell yesterday after rising commodity and data simultaneously dengna better-than-expected U.S. released and low unemployment over the past two years in Germany. Gold in Singapore are in the range of 1.30 dollars to 2 dollars per ounce. In addition to a decrease of 10 percent in December, spot gold rose 10 percent during the year 2011. Central Bank buys nearly 350 tons of gold, with Turkey as the largest buyer according to the IMF virgin. While silver fell 1 percent to 29.33 dollars per ounce, ending 6.4 percent increase from the previous session which is the biggest daily rise since the last three years. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 9, 2012 Author Report Share Posted January 9, 2012 Gold Projected sales drop 20% From Beginning January 2012 Monday, January 9, 2012 Gold traded fairly stable since the European session on Monday due to the weakening U.S. dollar but investors are still cautious while awaiting the results of the meeting France and Germany in the euro zone's economic agenda as well as fiscal consolidation within Europe. In the physical gold market, trading volume is observed on the Shanghai Gold Exchange was still rising on Monday to its highest level historically at 12.855 pounds. India and China so far is still the world's largest consumer of physical gold, and sustain demand for Gold as a whole. Although Gold demand is quite solid, but the fact the price of Gold has fallen 16% from its record high in September last, and now toward bearish territory, targeting potential target of $ 1,300 this year. The projection is obtained from technical studies, MACD divergence, which indicates a bearish signal reflecting still more investors become sellers rather than buyers. Decreased 20% from its closing on January 6 in Gold $ 1,616.80 per troy ounce, targeted toward the level of $ 1300 is still possible to achieve this year. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 10, 2012 Author Report Share Posted January 10, 2012 Europe, Japan Prepare Iranian Oil Embargo Tuesday, January 10, 2012 Europe and Japan closer to apply the embargo of Iranian oil a day after Tehran announced uranium enrichment in a bunker near the city of Qom and legal U.S. citizens to death on charges of spying for the CIA. The European Union may be able to speed up the meeting that the U.S. policy for the inhibitory Balance of Iranian oil exports. Japan is also taking precautions if you must join with allies to apply the oil embargo of Iran. Tokyo has asked Saudi Arabia and United Arab Emirates to increase oil supplies in anticipation of shortage of supplies from Iran. European foreign ministers will be doing a meeting on January 23 and is predicted to announce the upcoming Iranian oil embargo. Europe is Iran's No.2 oil consumer after China. France has called for more drastic measures to punish Tehran. Germany and Britain also condemned Iran. However, Greece and Italy, Iran's main oil customer wanted a delay before trimming pass off imports. Meanwhile, oil prices rose on the New York session. Nymex oil is now traded 102.87, 101.28 away from daily lows Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 11, 2012 Author Report Share Posted January 11, 2012 Crude Oil Down; Market Waiting EIA data Wednesday, January 11, 2012 Schork Group will wait until after the EIA data release of the weekly oil inventory at a later date to assess the direction of the crude oil market, the group said in a report today's market, although data from the American Petroleum Institute on Tuesday showed a slight gain in the stock. Schork Group shows that the difference between the EIA and API data has become normal in recent years. NYMEX and ICE Brent remained in negative territory in Asian trade, with little movement, after falling as light profit taking on Wednesday morning. API data released Tuesday showed a small rise in U.S. crude stocks and a small decrease in Cushing, NYMEX crude delivery point. NYMEX February fell 40 cents on Globex at $ 101.84/bbl; ICE February Brent fell 36 cents at $ 112.92/bbl. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 12, 2012 Author Report Share Posted January 12, 2012 Oil contracts rallied from its lowest level in two weeks Thursday, January 12, 2012 Crude oil rallied from its lowest level in two weeks. This drove the price of black gold, as fears of a strike in Nigeria and the threat of sanctions against Iran's nuclear program would cut global oil supply. Crude oil contracts for February delivery rallied 0.7% to the position of U.S. $ 101.58 per barrel in electronic trading on the New York Mercantile Exchange, at 08:10 London time. Meanwhile, Brent oil traded up 73 cents to as low as U.S. $ 112.97 per barrel on the ICE Futures exchange rates, in London. Iran has threatened to close the Strait of Hormuz in response to sanctions against oil exports. Meanwhile, Japan has recently said, with the sanction it, oil imports from Iran could be reduced. Head of the analysis of CMC Markets said David Land, always effectively boost the geopolitical aspects of oil prices. "In the event of closure of the Strait of Hormuz, will very quickly lead to price hikes. I estimate the price is still bullish, unless it falls below U.S. $ 95 per barrel," he said. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 13, 2012 Author Report Share Posted January 13, 2012 Gold Melorot Anxiety Over Crisis Zone of Europe subsided Friday, January 13, 2012 Gold slid down on Friday as fears of global economic health have eased following the success of Spanish and Italian bond auction boosted the interest of investors towards riskier assets. Monitored by far the spot price of Gold fell -0.41%, to as low as $ 1643.00 per troy ounce, after reaching an intraday high point in $ 1649.54, and daily lows at $ 1635.50 per troy ounce. Although so far corrected, golden chance to record weekly gain for the second time this week is supported by safe haven buying of investors, plus the tension of Iran and western countries are quite high. Gold Technically speaking, the possibility of continuing consolidation phase in the first quarter of 2012 was, in a limited short-term movements in the area of 1662 till 1600. Translucent strong resistance above 1662 should trigger further bullish momentum to target bullishnya target in the range 1802. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 16, 2012 Author Report Share Posted January 16, 2012 Take advantage of anxiety Gold Market Monday, January 16, 2012 Commodity gold benefited from the economic pain of the euro area this week. S & P downgrade news catapulted back in the market price of precious metals. Gold futures for February delivery traded at $ 1,640.40 an ounce in Asian session on Monday (16/01). The price of gold is now about $ 10 more expensive than American session closing price last Friday (01/13), $ 1,630.80. Gold futures ended 1% lower in the U.S. trading session on the weekends. But gold is still able to achieve a weekly gain of 0.9%. Societe Generale analysts said yesterday that the downgrade was expected by the market and not much affect the opinions of European investors. Continental economy predicted to grow their own sheep at the level of 0% in 2012. The focus of market attention now turning into a big event that will be held the blue continent January 30 next. European Summit this month to the point of deciding whether the authority is able to design a blueprint for solving the crisis could be qualified and accepted by the market. It takes a big hit that could foster confidence in the financial actors. Because the S & P downgrade last Friday against the backdrop of skepticism rating agencies on what is being done by the big countries like Germany and France. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 17, 2012 Author Report Share Posted January 17, 2012 The dollar pulled down the Chinese data, Gold flew into the top level a month Tuesday, January 17, 2012 Gold futures rallied to its highest level last month at a session Tuesday after the U.S. dollar weakened against major partners, thereby increasing the appeal of precious metals, while the amount of physical demand in India also provide support. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $ 1, 661.15 per troy ounce during European morning trading, up 1.85 percent. Earlier, gold rose note could rise as much as 2.05 percent to trade at 1,667,95 per troy ounce, its highest level since December 13. Official data released earlier showed that China's economy grew at an annual rate of 8.9 percent in the fourth quarter, a decrease from the previous quarter level which is 9.1 percent, but slightly better-than-expected 8.8% rise. China's main data including reports retail sales and industrial output also undermined estimates, loosen up the worst fears in the second-largest economy in the world. The upbeat data lift market sentiment, prompting investors to avoid the safe-haven assets, such as the U.S. dollar. The dollar index, which records trade the greenback against six other major currencies, fell 0.5 percent traded at 81.25. As usual, the dollar's decline mengunutungkan gold, because it increases the appeal of such metals as an alternative asset and makes dollar-denominated commodity becomes cheaper for holders of other currencies. Other trading on the Comex, silver for March delivery traded up 2.25 percent at $ 30.18 per troy ounce, while copper for March delivery rose 2.9 percent traded $ 3,743 a pound. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 18, 2012 Author Report Share Posted January 18, 2012 After reaching a record five weeks, today moved a thin gold Wednesday, January 18, 2012 Gold for immediate delivery at the level of U.S. $ 1,653.38 an ounce at 11:43 local time, today (18 / 1). Gold prices rose after the previous down 0.4%. Yesterday, gold climbed to its highest level in five weeks. Gold futures for delivery in February 2012 reached U.S. $ 1.660.50 per ounce on the Comex in New York. In fact, before the gold price had touched U.S. $ 1,668 per ounce which is the highest price since December 13, 2011. The increase in oil prices driven by China sentiment economic data released yesterday, was above analysts' expectations. Speculation China will loosen monetary policy and the value of the dollar makes gold hunted down as an alternative asset. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 19, 2012 Author Report Share Posted January 19, 2012 The IMF and the European Zone Meet, Gold Back Soar Thursday, January 19, 2012 Gold rose four sessions due to expectations that increased due to the IMF's plan to provide more bailout funds to tackle the crisis. Deputy IMF and 20 European countries preparing to bertemi in Mexico today and Friday. Demand is strong to make gold as a safe haven to defend her title. However, the purchase of gold in China become slow because the country would welcome a long weekend to celebrate the Chinese New Year next week. Gold prices rose 1.5 percent during this week, pushed China's GDP data released in a positive, U.S. factory production data are also experiencing an increase. It is also an impact on the rising euro, stocks and commodities. Spot gold rose 0.3 percent to 1663.99 per ounce for a month near the highest increase in the range of 1667.41. American Gold also rose 0.3 percent to 1664.50. Market sentiment is still influenced by uncertainties in the euro zone also dinantikannya Greek discussions with creditors to barter bonds. A meeting last week did not achieve satisfactory results and make the euro had fallen. Platinum also rose due to fears of reserves in South Africa and the sentiment on the economy glibal. Platinum rose to its highest point for six and a half weeks in the range of 1534.50 dollars and palladium mencapao highest increase for one month in the range of 669.78 dollars. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 20, 2012 Author Report Share Posted January 20, 2012 Stronger After CPO Demand Predicted to Rise Friday, January 20, 2012 Crude palm oil prices again rose to its highest kelevel in one last week. The contract for April delivery rose 0.8% on the Malaysia Derivatives Exchange to RM3.183 or $ 1,026 per metric ton, the highest sajk January 13. For the morning trading session, the same contract closed at RM3.171 per metric ton, making the strengthening of this week reached 0.6%. The price increase was triggered by a signal that the global vegetable oil demand will rise. This signal appears after importri buy more soybeans from the U.S.. Yesterday, the U.S. Agriculture Department reported U.S. soybean oil exports to China reached 120,000 tons in marketing year that began September 1. Concerns about declining crude palm oil production also encourage the strengthening of CPO prices. Malaysian production is expected to fall this month as it enters the cycle of decline in production during January and February. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 23, 2012 Author Report Share Posted January 23, 2012 The decline in oil prices has lasted 4 days Monday, January 23, 2012 World oil contract prices had slipped during the last four days. This afternoon, the price of oil contracts for delivery in March fell by 93 cents to U.S. $ 97.40 per barrel on the New York Mercantile Exchange. At 16:05 pm Singapore time, the same contract at the level of U.S. $ 97.87 sebarel. While the price of Brent oil contracts are in the position of U.S. $ 109.89 per barrel, up 3 cents on the ICE Futures Europe exchange. The decline in oil prices was allegedly related to the issue of oil sanctions against Iran that will slow the recovery process of the European debt crisis. It's possible if demand for commodities declined. "One thing that is likely to affect the oil market is asumsu that there will be no concrete action against Iran. The next step in Europe is an agreement on fiscal policy," said Ric Spooner, chief analyst at CMC Markets in Sydney. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 24, 2012 Author Report Share Posted January 24, 2012 Gold Prices Rise Again Induced Greek Debt Crisis Tuesday, January 24, 2012 The price of gold was sticking strengthened along with the advantage that obtains Tokyo futures, a weaker euro and rejection keuanga European ministers at the request of the Greek lender to restructure the debt of the country. With a passionate plea restructuring, eat negotiations back to square one. As a result, Greece has again threatened deffault. While the value of the single European currency euro again touched its lowest level in three weeks after the re-negotiations are fruitless. As quoted by Reuters on Tuesday (1/24/2012), the price of gold rose to USD1.676, 79 per ounce. Previously, even the price of gold had skyrocketed to the position of USD1.681, 16, and this is the highest level since December 12 last. Gold futures contracts trading on the Commodity Exchange Tokto scored its highest level in December at 4167 yen per gram. This is the highest since mid-December. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 25, 2012 Author Report Share Posted January 25, 2012 U.S. supplies rise, oil near the level of U.S. $ 100 Wednesday, January 25, 2012 Crude oil prices traded near the level of U.S. $ 100 per barrel. Signal increase U.S. oil supplies offset concerns over Iran's oil embargo. WTI oil contract for March delivery rose 29 cents to as low as U.S. $ 99.24 per barrel in electronic trading on the New York Mercantile Exchange at 12:12 Sydney time. Meanwhile, until around 10:29 pm, the same contract rolling to the position of U.S. $ 99.13 per barrel. Meanwhile, Brent oil for March settlement rose 22 cents to the position of U.S. $ 110.25 per barrel on the ICE Futures Europe exchange in London. Previously, the market is worried Iran would retaliate international sanctions by disrupting shipping in the Persian Gulf. Iran's Foreign Ministry said, the EU embargo on Iranian oil imports will be bitter fruit for the economy of Western countries. However, on the other hand, the American Petroleum Institute reported U.S. oil inventories last week rose 7.33 per million barrels. It's the biggest gain in four weeks. Meanwhile, the new Energy Department will release a report today, which is predicted to show an increase in the supply of 1.45 million barrels. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 26, 2012 Author Report Share Posted January 26, 2012 Petroleum Take Momentum weakening USD Thursday, January 26, 2012 Crude oil futures rose on Thursday (01/26) in the middle of dollar weakness. Decision low interest rates the central bank United States (U.S.) indirectly benefit the oil commodities. Although positive, the oil must be struggling to stay above the psychological $ 100 per barrel during Asian session. Crude oil for March delivery rose 57 cents (0.6%) to $ 99.97. The contract for the next month up to $ 100.05 for a moment. According to Reuters charts, crude oil has now been pushed into the range of $ 100.14. Oil prices tend to rise when the dollar exchange rate melamah. Low exchange value investors make better purchasing power than when USD appreciates versus other major currencies. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 27, 2012 Author Report Share Posted January 27, 2012 Week, CPO prices trimmed 1% Friday, January 27, 2012 Prices of palm oil or crude palm oil (CPO) was cut in a week. The trigger, which concerns the export of Malaysia will continue to fall. CPO contract for April delivery on the Malaysia Derivatives Exchange rolled thin to RM 3134 or the equivalent of U.S. $ 1,030 per metric ton at 12:18 am in Kuala Lumpur, yesterday's closing level of RM 3131 per metric ton. However, in the past week, prices of palm oil has been trimmed down 1%. Yesterday, surveyor Intertek reported that Malaysian palm oil exports fell 17% to 981 275 tonnes in the first 25 days in January. Similarly, Societe Generale de Surveillance also released a number of shipments receded by 20% to 947,401 tonnes. Shikha Mittal, an analyst with Karvy Comtrade Ltd.. rate, the overall trend looks a little weaker, because the data showed export demand weakens. "However, reports from Brazil that mention soybean harvest will be reduced this year, maybe a little support price movements today," he said, in India. Agricultural research institutes Emater projecting, soybean and corn production in Rio Grande do Sul, Brazil, will be lower than previously estimated, after 13 weeks of drought plants. Yields from this region will only reach 8 million tons of soybeans, or 8.7% lower than the projected 12 January which reached 8.76 million tons. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 30, 2012 Author Report Share Posted January 30, 2012 Gold Price Correction Natural Fair After Reaches Highest Level in 7 Sunday More Monday, January 30, 2012 In today's electronic trading gold price decline (30.1). The metal is experiencing a correction after a reasonable reach the highest position in more than seven weeks at the end of trading last week. Gold prices fell ahead of a meeting of EU officials are scheduled to discuss the handling of the debt crisis in the region. Market participants are still anxious about the continued handling of the crisis the euro area. Meeting will be held today in Brussels to complete the agreement and determine the status of budget discipline rescue fund an additional $ 500 billion euros (660 billion U.S. dollars). Greece and its private creditors are expected to soon complete an agreement this week. Spot gold prices declined by 5 dollars and is currently traded on the position of 1732.90 dollars per troy ounce. The price of gold has increased sharply for three consecutive days before. In trading this morning before the retrace of this precious metal prices had reached the position of 1738.10 dollars which is the highest level since the 8th of December. Quote Link to comment Share on other sites More sharing options...
ian_arifin Posted January 31, 2012 Report Share Posted January 31, 2012 SAXO OUTRAGEOUS PREDICTIONS 2012 WHEAT PRICES TO DOUBLE IN 2012 The price of CBOT wheat will double during 2012 after having been the worst performing crop in 2011. The drop was brought about due to a combination of farmers responding to high prices in 2010/11 and normalised weather in the Former Soviet Union. However with 7 billion people on the earth and money printing machines at full throttle bad weather across the world will unfortunately return and make it a tricky year for agricultural products. Wheat especially will rally strongly as speculative investors, who had built up one of the biggest short positions on record, will help drive the price back towards the record high last seen in 2008. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted January 31, 2012 Author Report Share Posted January 31, 2012 Weak Japanese Industry Data More Than Estimated, Oil Soar Tuesday, January 31, 2012 Oil rose as investors speculated that fuel demand will probably rise due to production in Japan is excited. Oil futures rose 0.6 percent after declining for more than last week. Japan's factory production rose 4 percent last month, Japan's trade minister said today. This increase is the best in the last seven months. Prime Minister of Greece, Lucas Papademos mengatkan that had occurred a significant process mengenaik bond swap with creditors after he attended a meeting of EU leaders in Brussels yesterday. Iran threatened to halt the supply is related to the plan embargo. Oil futures for February delivery rose 54 cents to 99.32 dollars a barrel on the NYME. The contract yesterday fell 78 cents to 98.78 dollars, its lowest since January 20. Oil prices rose 0.5 percent this month. Brent futures for March delivery rose 39 cents to 111.14 dollars a barrel on the ICE Futures Europe Exchange trading. This month, Brent futures rose 3.5 percent. European premium contracts on West Texas Intermediate in the range of 11.84 dollars compared to the range yesterday for $ 11.97 dollars. Japan's industrial output was weaker than the experts predicted. Production rose only 2.5 percent, less than 3 percent forecast by the experts. During 2011, Japan consumed 4.48 million barrels of oil per day. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 1, 2012 Author Report Share Posted February 1, 2012 Waiting U.S. oil inventories data Wednesday, February 1, 2012 Tracked oil prices amid the Asian trading session on Wednesday (01/02). Market participants are still awaiting the release of U.S. inventory data (U.S.). Crude oil for delivery in March rose about 20 cents to around $ 98.70 a barrel on the Nymex. In North American trading session overnight, oil fell 0.3% due to the strengthening of the dollar and U.S. data release of disappointing economic fundamentals. Poor economic performance in the U.S. threaten the level of domestic oil demand. On Tuesday, the American Petroleum Institute (API) report significant increases in oil stocks for the week ending January 20. Volume is 2.01 million barrels higher than previous reports. The long-awaited inventory data today is the report version of the Energy Information Administration (EIA). Analysts surveyed by Platts agency estimates that crude oil stockpiles rose 3 million barrels, gasoline Maik 1 million barrels and distillates fell 1.2 million barrels. Until around 14:15 GMT, oil prices tend to weaken to around $ 98.60 per barrel. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 2, 2012 Author Report Share Posted February 2, 2012 Gold Translucent Highest Level Thursday, February 2, 2012 Gold traded rose to its highest level in eight weeks along with stocks and other commodities. Strengthening of gold is influenced by the improvement in the global manufacturing sector, a weak dollar and growing demand for alternative investments. Spot gold rose to 0.5 percent to $ 1,751.97 per ounce. The highest increase since the last time on 8 December. Overall strengthening of the positive data of commodities are influenced by the purchasing managers in China, Europe and America. While the rise in gold is influenced by several positive economic data and the strong euro exchange rate against the dollar. The growth of manufacturing sector in America until the rise of India and China sparked optimism that the global economic recovery will be able to reduce the anxiety of Europe's debt crisis. This condition is also encouraging rebound stocks and commodities, including copper and oil. Gold bullion for delivery in April rose 0.2 percent to $ 1,753 an ounce on the Comex in New York. In addition to gold with high levels of 99.99 percent on the Shanghai Gold Exchange, China's largest physical gold market reached 355.49 yuan per gram yesterday. Other metal products such as Silver rose 0.7 percent to $ 33.9225 an ounce. Cash Platinum rose 0.4 percent to $ 1,624.50 an ounce and traded at $ 1,622.50. Spot palladium rose 0.4 percent to $ 699 per ounce. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 3, 2012 Author Report Share Posted February 3, 2012 Gold & Stock Login Phase Saturated Buy Friday, February 3, 2012 Gold prices and the stock market has entered a phase considered overbought overbought alias. Deputy Head of Research Valbury Asia Securities Nico Omer says this is because the pattern of investor behavior too complacent or satisfied with the hope of the world economy which was considered a positive start. "This is turn makes the world stock markets vulnerable to a correction in the short term," said Nico to Legal in Jakarta, Friday (03/02/2012). Besides, he added it was indicated by the technical overbought RSI or relative strenght index. "While the dollar has also entered overbought," he concluded. In late trading Thursday when the U.S. stock market United States (U.S.) moves down because of market players wait and see the jobs report. In late trading Thursday, the Dow Jones Industrial Average fell 11.05 points, or 0.09 percent, to 12705.41. Standard & Poor's index rose 1.45 points, or 0.11 percent, to 1325.54. And the Nasdaq Composite Index rose 11.41 points, or 0.40 percent, to 2859.68. Quote Link to comment Share on other sites More sharing options...
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