mynameisandhy Posted June 21, 2012 Author Report Share Posted June 21, 2012 Copper weakens, Fed Disappointment Against Market Thursday, June 21, 2012 Copper prices to trade today (21/6) recorded a decline. Copper has its slide as a result of market conditions for the disappointment of the cancellation policy of assurance about the U.S. economic stimulus package that would previously expressed by the Fed. At the same time, the negative sentiment also came from the reported data Flash China Purchasing Managers Index which fell 48.1 points to a level which is the lowest level in seven months. Copper futures declined by 1M4% to 7441.5 dollars per metric ton on the London Metal Exchange. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 23, 2012 Author Report Share Posted June 23, 2012 Gold Up Thin, Rebound Post-Bearish Friday, June 22, 2012 Having previously experienced a significant decline, the price of gold this evening (22/6) observed rebound after speculation that the Fed will increase the money supply in order to strengthen the liquidity conditions in order to buy bonds. It gives a positive sentiment for gold demand is expected to increase. Spot gold rose by 0.3% to 1569.49 dollars per troy ounce with the support level at 1545.51 dollars per troy ounce and resistant level at 1606.09 dollars per troy ounce. The weakening dollar has affected the movement of the weakening of commodity prices of other metals such as platinum is down 0.3% to 1425.8 dollars per troy ounce and palladium fell 0.3% to 601.48 dollars per troy ounce. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 25, 2012 Author Report Share Posted June 25, 2012 Hurricane Debby encourage the strengthening of oil Monday, June 25, 2012 Oil advanced after crude oil production in the Gulf of Mexico as Tropical Storm Debby was stopped and after the Chinese government indicated it would stimulate the economy. Oil futures rose 1.2% after rising 2% on June 22. Companies such as ConocoPhillips and BP Plc reduced approximately 23% of production in the Gulf of Mexico to continue the approach of a storm Debby, according to the U.S. Bureau of Safety and Environmental Enforcement. Yesterday storm Debby away from energy installations, as reported by the National Hurricane Center. China's central bank is expected to adopt policies that encourage liquidity and lending, as reported by Chia Securities Journal today. Crude contract for August delivery rose 92 cents to $ 80.16 on NYME. On 22 June, oil prices rose $ 1.56 to $ 79.76. During the year the prices have dropped 19% and 22% during the quarter, the biggest weakness since the last three months of 2008. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 26, 2012 Author Report Share Posted June 26, 2012 Gold down, trace the line increases Monday Tuesday, June 26, 2012 Gold futures retreated again, because investors consider the U.S. economic data and negative developments of Europe ahead of a summit of EU leaders this weekend. Gold for August delivery fell $ 10.80, or 0.7% to the position of $ 1,577.70 an ounce on the Comex division of the New York Mercantile Exchange. Gold recorded an increase of 1.4% in the session Monday as pessimism over EU summit this week to help direct the investment demand. Before the meeting, a lot of pressure indication in the financial markets in the region. Adding to the burden of sentiment, Cyprus joined the ranks of European countries are seeking financial aid, and Spain formally requested assistance for the banking system. Monday night, Moody's Investors Service downgraded 28 Spanish banks by one notch to 4. Data from the U.S., the Conference Board reported consumer confidence index fell to 62 in June, its lowest level since January. House price index, showing an increase. The S & P / Case Shiller 20 city composite index was up 1.3%, continued to fall on an annual basis to 1.9% from 2.6%. Complementing the trading of metals, silver July contract fell 35 cents, or 1.3%, to $ 27.18 per ounce, while July copper contract on the delivery turned down, down less than 1 cent, or 0.1%, to $ 3.31 per pound. July platinum contract slipped $ 7.40, or 0.5% to $ 1,432 per ounce. September palladium contract fell $ 6.20, or 1.1%, to $ 598.60 per ounce. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 27, 2012 Author Report Share Posted June 27, 2012 Oil prices are still depressed U.S. inventories Wednesday, June 27, 2012 Oil traded below $ 80 per barrel level in New York due to rising U.S. oil inventories prompted speculation that demand will weaken, it is pressing concerns about the decline in oil production from Iran and Norway. Oil futures contracts move with fluctuations after the American Petroleum Institute said U.S. oil inventories rose 507,000 barrels last week. However, the government report to be released today are expected to show a decline of 1.3 million barrels last week after briefly touching its highest level in 22 years. Oil contracts for August delivery rose 9 cents to $ 79.45 per barrel on NYME after yesterday rose 15 cents to $ 79.36. Oil prices fell 23% during the quarter. August Brent contract fell 22 cents to $ 92.80 per barrel in London yesterday after rising 2.2%. European benchmark contract versus $ 13.36 for West Texas. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 28, 2012 Author Report Share Posted June 28, 2012 Gold futures lost its luster Thursday, June 28, 2012 Gold futures fell in early European trade today seieing investors are reluctant to move ahead of a meeting of EU leaders today. on the Comex division of the NYME, gold futures contract for August delivery was down 0.3 percent at 1573.65 dollars per ounce. Investors seemed cautious ahead of the start of the meeting held two days of EU leaders in Brussels. Investors are not convinced that the meeting would bring a solution to the crisis in Europe. Hope that EU leaders will come together to tackle the crisis terbentu by Angela Merkel, the German konselir, who was determined not to issue bonds together. According to Merkel, it will only add to problems in later days. Still on the Comex division of the New York Mercantile Exchange, silver futures fell 0.2 percent to 26.94 dollars per ounce. Copper futures for September delivery was flat in the range of 3.357 dollars per pound. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted June 29, 2012 Author Report Share Posted June 29, 2012 Strengthening of gold in Caused By the German Friday, June 29, 2012 Gold rallied on Friday along with virtually every commodity and equity, after the EU announced a stimulus package of 120 billion euros to "act quickly" steps lay the foundation for growth and banking union regional.Selama two-day EU summit in Brussels , the leaders of France and Italy pressed Germany to be more aggressive, growth-focused measures to stabilize the financial sector of the euro zone. In addition, reducing the pressure of deflation and a previous estimate that the stimulus in the euro zone can bring investors into the gold market to take advantage of recent sales to re-establish the position, said George Gero of RBC Capital Markets. "Last night there is a purchase of gold by a player from India , recently India and China these players showed very little capacity to influence the world gold market, "said CME. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 2, 2012 Author Report Share Posted July 2, 2012 Gold slipped back Monday, July 2, 2012 Gold prices fell yesterday after a rally of 3 percent in the previous session. This happens because investors are worried about the effectiveness of bailout funds given to the Spanish and Italian banking sector. Spot gold had its biggest rise in the past month after European Union leaders agree to bail out the banking sector of the Spanish and Italian with a mild condition. But the euphoria was immediately extinguished after the market opened on the first trading day of the quarter. Oil prices slip, as well as the euro. Investor doubts about whether the bailout is really effective to tackle the crisis. Spot gold fell 0.3 percent to 1591.64 dollars per ounce. Gold rose more than 2 percent in June, its first monthly gain in five months. U.S. gold futures for August delivery fell 0.7 percent to 1592.40 dollars per ounce. Investors are waiting for the euro zone manufacturing survey data today. manufacturing data from China and Japan have fallen, creating fears of a global economy increasingly thickened. Investor confidence fell to its lowest range for six months in June. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 3, 2012 Author Report Share Posted July 3, 2012 Gold Rises, Positive Expectations Some Policies of the Central Bank Tuesday, July 3, 2012 The movement of gold prices to trade this afternoon (3/7) recorded an increase. Expectations about monetary policy stimulus that will be launched by the central banks like the Fed, the ECB and the Central China Bak became a contributing factor to the rise in gold. Speculation on ECB rate cut by 75 basis points seems to be the future of the European economic recovery. Spot gold rose by 0.6% to 1606.72 dollars per troy ounce with the support level at 1575.15 dollars per troy ounce and resistant level at 1626.71 dollars per troy ounce. Increased movement of gold contributed to the price of commodities such as silver metal rose by 1.5% to 27.9 dollars per troy ounce, platinum rose 0.9% to 1468.25 dollars per troy ounce and palladium rose 1% to 584.25 dollars per troy ounce. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 4, 2012 Author Report Share Posted July 4, 2012 Gold Close to High 2 Week Related Expectations Monetary easing Wednesday, July 04, 2012 Gold moves to approach the high two weeks this Wednesday, buoyed by the expectation of additional accommodation of monetary policy by central banks to support global economic recovery is still fragile. Spot gold traded almost without a lot of movement in the $ 1,617.90, after rallying more than 1% in the previous session when gold prices touched a high two weeks at the $ 1,624.70. U.S. gold contract for August delivery moved down 0.2% to $ 1,618.60. A series of poor U.S. economic data raised hopes that the European Central Bank or the European Central Bank will cut interest rates to a record low on Thursday that will probably bring the price of gold moves up. Data from the U.S. manufacturing new orders rose above perkriaan in May, gave a sign for the U.S. manufacturing sector is still fragile due to the likely impact of the European debt crisis. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 5, 2012 Author Report Share Posted July 5, 2012 News and Economic Review Zone Asia (Hong Kong) Hang Seng closed up Thursday, July 5, 2012 Hong Kong shares rose to around its highest close since May 15 today. Hang Seng closed up 0.5 percent to 19809.1. China Enterprises Index up 0.2 percent. increase hang Seng today assisted by the financial sector. Nevertheless, investors looking to maintain his position sidelines. Concerns about China's economic development makes the Shanghai Composite closed down 1.2 percent. CSI 300 Index closed down 1.4 percent. Chinese government tightened its rules of savings and loans banks. Hong Kong market seems likely to slow today as investors still menuggu the European Central Bank policy meeting will be held today. ECB expected to cut interest rates by 25 basis points. Shares of makers of sports equipment Li Ning rose 7.3 percent, more than triple the average range of 30 day. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 5, 2012 Author Report Share Posted July 5, 2012 Gold soared amid dollar weakness Thursday, July 5, 2012 Gold rose again today, driven by the weak dollar. In a policy meeting will be held today, the European Central Bank expected to cut interest rates to help economic recovery of Europe. Some weak economic data in recent years also made a number of central banks in the world forced to loosen its policies and make policy more accommodative in the middle of the fragility of economic development. Bank of England will also implement a policy meeting today. BoE is expected to continue easing its policy program. Spot gold rose 1.16 dollars to 1616.29 dollars per ounce per ounce. U.S. gold futures for August delivery fell 0.3 percent to 1617.10 dollars per ounce. Quiet market today as investors awaited the release of ADP employment exchanges of data and weekly jobless claims from the United States which will be announced tomorrow. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 7, 2012 Author Report Share Posted July 7, 2012 Increase in gold forward Friday, July 6, 2012 Gold continued its movement toward a second weekly gain today. however, gold is a little offset from the range today as investors are still waiting for data from the U.S. job market for investment references. A number of the central bank slashed interest rates yesterday, but it was not able to make investors interested. Dollar prices soared, while the reaction to the cuts in interest rates that made the European Central bank seemed just flat. The dollar rose more than 1 percent, an increase in one of the biggest days in nearly eight months. euro struggled at its lowest point last five months against the U.S. dollar. Spot gold was slightly corrected at 1603.75 dollars per ounce, and headed for weekly gains of 0.4 percent. U.S. gold futures for August delivery fell 0.3 percent to 1604.10 dollars per ounce. Data released yesterday showed U.S. private sector workers in the U.S. increased last month. Weekly jobless claims also fell most sharply in the last two months Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 9, 2012 Author Report Share Posted July 9, 2012 Gold shines in Asia, as equities gloomy Monday, July 9, in 2012, 16:21 Gold moved higher during trading Monday afternoon in East Asia, where the gold exploit its safe haven status amid a massive selloff in Asian equity markets. Comex Gold for August delivery in up 0.1%, or $ 2 to $ 1581.00 per ounce. hike in session Monday is spelled is more thinner as compared with a decline $ 30.50 on the regular session Friday in division Comex New York Mercantile Exchange, wherein gold noted a reduction in weekly amounting to 1.6%. In other precious metals trading, silver for September delivery also at strengthening trend, up 1%, or 26 cents, at $ le, 18 per ounce. Silver also followed a sharp decline in gold on the Comex in regular trading Friday, declined 2.4% during the week. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 10, 2012 Author Report Share Posted July 10, 2012 Oil prices slide after China Import Collapsing Tuesday, July 10, 2012 Crude oil futures fell for the third time in his four consecutive days after the Norwegian end a strike that had threatened to halt production of the largest oil exporter in the Western countries, while China began to reduce the purchase of commodities. Oil prices dropped about -0.23% to as low as $ 85.77 per barrel, after the strike ended in Norway. The country has pumped some 1.8 percent of world oil consumption. Catalysts negative other oil is the decline imports crude oil China to its lowest level this year become 5:28 million barrels per day of during month of in June, compared 5.98 million barrel during month of May. China is by far the second largest oil consumer in the world after the United States. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 11, 2012 Author Report Share Posted July 11, 2012 Lowest Level of oil reached a week because of Estimated Price Cuts by U.S. Wednesday, 11 July 2012 09:51 Oil is trading near its lowest close in more than a week after the U.S. Energy Department cut its forecast for crude oil prices and slow demand for fuel economy and reduce growth and increase the supply of fuel. Oil futures were little changed in New York after declining 2.4 percent yesterday as Norway and China halt refinery strike said crude oil imports fell. West Texas Intermediate crude will reach an average price of $ 92.83 per barrel this year, down 4.1 percent from last month's forecast to reach $ 96.80, the Energy Department said. U.S. crude oil inventories shrank last week, according to the American Petroleum Institute. "We will continue to see some pretty slow economic data released during the next few weeks in China and elsewhere," said Ric Spooner, an analyst at CMC Markets key markets in Sydney. "If things calm down a bit we could see some improvement in confidence levels and general activity levels, which will support prices. Market would like to see crude oil stocks continue to decline." Oil for August delivery reached $ 84.28 per barrel, up 37 cents, in electronic trading on the New York Mercantile Exchange at 11:46 am Sydney time. The contract fell $ 2.08 yesterday to $ 83.91, its lowest close since July 2. Price has dropped 15 percent and have an average of $ 97.47 this year, data compiled by Bloomberg show. Brent crude for August at $ 98.29 per barrel, up 32 cents, on London's ICE Futures. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 12, 2012 Author Report Share Posted July 12, 2012 Concerns still crippling oil Thursday, July 12, 2012 Oil is still weak after the euro slumped to its lowest level in two years, reducing investor interest in raw materials, and the indication that the global economic recovery was faltering. Oil futures fell 1.6% after the euro plummeted to its lowest level against the dollar since June 2010. The euro fell 0.6% to as low as $ 1.2167 today, its lowest level since June 30, 2010. Meanwhile, the International Energy Agency predicts zero growth in oil demand in 2013. Crude oil for August delivery fell $ 1.09, or 1.3% to as low as $ 84.72 a barrel at 09:22 am at the New York Mercantile Exchange. While Brent oil for August delivery fell 85 cents, or 0.9% to as low as $ 99.38 a barrel on the ICE Futures Europe Exchange. The excess oil is the European benchmark West Texas Intermediate New York trading at $ 14.66. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 15, 2012 Author Report Share Posted July 15, 2012 Stronger gold, First Time In Four Sessions Friday, July 13, 2012 Gold futures rose on Friday (13.07.2012) the first time in four sessions, getting little support from the weakening U.S. dollar. Gold for August delivery rose U.S. $ 4.60 to U.S. $ 1,569.90 an ounce on the Comex division of the New York Mercantile Exchange. Gold futures fell U.S. $ 10.40 or 0.7% to U.S. $ 1565.30 per ounce in New York trading early this morning. Precious metals are sold to bloom this week after the minutes of the meeting of the Fed about ubunga suk does not indicate that the U.S. central bank will start another round of monetary easing. strengthening U.S. dollar also weighed on the precious metal this week, but the ICE dollar index turned lower on Jumat.Dalam Asian trading hours, the index reached 83.587, down from 83.666 in late North American trading early this morning. While September silver flat at U.S. $ 27.16 per ounce, copper for September delivery rose 2 cents to $ 3.43 per pound, October platinum rose $ 9.40 to U.S. $ 1,421.90 per ounce, and September palladium rose U.S. $ 6.15 to U.S. $ 580.95 per ounce. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 16, 2012 Author Report Share Posted July 16, 2012 Consolidated Gold Bullish Previous Post Monday, July 16, 2012 Gold prices again experienced the consolidation movement in late trading after last week sampat had rebounded to the level of 1598 dollars per troy ounce. Gold is now re-experiencing a correction after getting pressure from rising inflation expectations on speculation the U.S. and also a decrease in retail sales data will be released tonight. Spot gold fell by 0.36% to 1585.8 dollars per troy ounce with the support level at 1569.25 dollars per troy ounce and resistant level at 1600.84 dollars per troy ounce. Weakening of the negative sentiment for gold to other metals such as palladium commodities fell 0.92% to 580.25 dollars per troy ounce, silver fell 0.74% to 27.35 dollars per troy ounce and platinum fell 0.1% to 1431 dollars per troy ounce. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 17, 2012 Author Report Share Posted July 17, 2012 Gold Rebounds and Approach $ 1,600 Tuesday, July 17, 2012 The price of gold to trade this afternoon (17/7) recorded an increase. Gold rebounded after obtaining positive sentiment from the statement of Fed Governor Ben Bernanke last night said it would soon realize the stimulus package for the U.S. economy. Spot gold rose by 0.3% to 1594.3 dollars per troy ounce with the support level at 1575.34 dollars per troy ounce and resistant level at 1614.97 dollars per troy ounce. Increasing gold prices helped push commodity prices of other metals such as silver rose 0.7% to 27.515 dollars per troy ounce, palladium rose 1.3% to 584.75 dollars per troy ounce and platinum rose 0.7% to 1427.75 dollars per troy ounce. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 18, 2012 Author Report Share Posted July 18, 2012 Oil Slipping Before Inventories Report Wednesday, July 18, 2012 Oil prices slipped on Wednesday afternoon, as U.S. equities hit the lower and traders awaited a report from the Energy Information Administration for the weekly oil inventories. Oil fell 23 cents, or 0.3%, to $ 88.99 per barrel currently traded this afternoon. The decline came a day after oil rose 79 cents to settle five consecutive gain on Tuesday, although Chairman Ben Bernanke Federal Reserve refrained from a wide range of bids for any clues about further monetary policy stimulus. The energy market is also awaiting the weekly EIA report today, the analysis surveyed by Platts expect oil supplies fell 1.4 million barrels in the week ending July 13. Data released Tuesday night by the American Petroleum Institute showed a larger decline than forecast by 2 million barrels in crude inventories. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 19, 2012 Author Report Share Posted July 19, 2012 Take advantage of dollar weakness, gold soar Thursday, July 19, 2012 Gold rose again today after being down two previous sessions, took the opportunity in the midst of a weak dollar. Investors still expect the Fed will relax its policy. The dollar touched its lowest point among the other currencies in the last two weeks but still can retain her title as a safe haven. Throughout the year, gold rose 3 percent. A stronger dollar eroded in recent years gold charms. Gold rose only 1 percent this year. Gold prices are also very sensitive to the policy of the Fed. In their report before Congress yesterday, Fed chairman, Ben S. Bernanke did not indicate an easing of policy. Spot gold rose 0.4 percent to 1578.05 dollars per ounce. U.S. gold futures contract for delivery Agusutus up nearly half a cent to 1578 dollars per ounce. Meanwhile, gold imports into India, a country with the world's largest gold consumption, down nearly half from the previous range due to weak rupee. Spot silver naik0, 6 percent to 27.30 dollars per ounce, heading for its biggest rise in the past week. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 21, 2012 Author Report Share Posted July 21, 2012 Profit-Taking action hit oil Friday, July 20, 2012 Please register weakening thin oil in the London session, depressed by widespread profit-taking after the strong rally in recent days. Oil has risen in the past seven days with increasing concern the deteriorating situation of post supplies in the Middle East and the demonstration of Norway oil refinery. "Rally is triggered by anxiety over oil supplies and rally like this is vulnerable to some profit-taking considering further price hikes could hurt demand," says strategic ANZ, Mark Pervan. Iran situation still provide positive sentiment, especially in Western countries who still wanted Tehran to abandon its nuclear ambitions. Tensions rose after the blast had hit Israel tourist bus menganggkut in Bulgaria. Israel accuses Iran is the mastermind behind the blasts. However, the situation eased after Israel sinyalkan will not create conflict in the near future. Some analysts see the drop in oil prices is only a correction, especially with the situation in the Middle East and signals the emergence of QE III of the Federal Reserve. "Tensions in the Middle East situation has provided a positive catalyst and a worsening U.S. economic data, the greater the expectation of QE III," said Tim waterer, trader at CMC Markets. The latest data show rising jobless claims and a weak U.S. manufacturing activity. If the Fed provide additional monetary stimulus to prop up the U.S. economic recovery would weaken the dollar and this will give positive impact to the oil. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 23, 2012 Author Report Share Posted July 23, 2012 Gold Against the Fall Worries Spain Monday, July 23, 2012 Gold prices fell more than 1 percent on Monday in the European session as fears over the financial condition of Spain is pushing the euro to its lowest in two years against the dollar, depressed stock market and Spanish bonds rose to its highest level since the euro era. Investors on Monday, it began to worry as Spain may need a full bailout for both the Murcia region, most likely after the region of Valencia, Murcia indicated would need government assistance, in order to shore up finances in the region. Pressure on the euro and the broader market helped push gold prices fell by 1 percent to $ 1,571.50 at 17:03 pm. Earlier they touched the lowest price at $ 1,568.70. "The danger of the dollar price of gold is stronger, because the long-term correlation is negative for gold. That would still dampen investor interest from the United States," said Commerzbank analyst Eugen Weinberg. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted July 24, 2012 Author Report Share Posted July 24, 2012 European unrest continued to press the gold Tuesday, July 24, 2012 Gold approached its lowest level in last week and a half dollars per ounce in 1560 which was achieved in the previous session. European fears of a widespread crisis make gold prices continued to pressure. Fears of the Spanish banking sector are also making investors nervous. Moody's Investors Service cut its rating Germany, Netherlands and Luxembourg from stable to negative. Spot gold was slightly corrected at 1576.01 dollars per ounce. gold futures contract for August delivery fell 0.1 percent to 1575.20 dollars per ounce. Product data that was released in July manufakur China today rose most rapidly in the last nine months. but investors do not seem interested in this story. Physical gold demand in Asia also appear to stagnate. Gold to platinum premium widened in 184 dollars per ounce, the highest since early June. platinum spot price close to its lowest in three weeks at 1.382 per U.S. dollar is achieved in the previous session. Quote Link to comment Share on other sites More sharing options...
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