Flynchenberg Posted August 2, 2011 Report Share Posted August 2, 2011 I agree :) LOL Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 2, 2011 Author Report Share Posted August 2, 2011 South Korea Central Bank Buy Gold Tuesday, August 2, 2011 Gold rose in London session, supported by the purchase of precious metals by South Korea's central bank, but investors still waiting for the results of the voting agreement the U.S. debt. The Bank of Korea announced has purchased 25 tons of gold in the period of June and July for the diversification of foreign reserves: this is the first purchase in the last decade with total ownership is now 39.4 tons. "Action to buy gold by the Bank of Korea is not surprising, because in the last three years has expanded the central bank issues in Asia have been buying gold," said U.S. trader. "This is positive for the market, but more long-term." Gold may move sideways Harini as investors wait for the results of Senate vote on the deal the U.S. debt after Congress gave approval. "Gold may fall after U.S. debt deal reached, but the problem is not that investors believe the dollar and still want to put their funds in gold," said Peter Fung, chairman of Wing Fung Precious Metals. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 3, 2011 Author Report Share Posted August 3, 2011 Gold Still hired still by Central Bank Wednesday, August 3, 2011 Monexnews - Central banks, especially developing countries such as Korea and Thailand have added to the purchase of Gold up to $ 10 billion to its reserves this year as signaling the collapse of international confidence in the bonds of Western nations and currencies like the dollar and euro. Based on IMF data per day on Wednesday, Thailand buying Gold for the second time this year, increasing foreign exchange reserves to 127 tons of gold, while Russia bought 5.85 tons of gold, to 836.7 tons of gold reserves, the country holding the world's eighth largest precious metals. Cumulatively, emerging market central banks have bought around 180 tonnes of gold, almost doubled from 73 tonnes of gold purchased by central banks globally throughout 2010. Request an unrelenting these impact on the strengthening of the spot price of gold about 17% this year, underpinned by concerns about economic weakness developed countries due to large debt that accompanied the growth of bleak. Including Mexico's largest gold buyer so far this year, reaching a total of $ 5.3 billion purchase of Gold, or the equivalent of 98 tons of gold, followed by Russia which has purchased 48 tons of gold valued at $ 2.6 billion. Korea also confirmed previous pemeblian 25 tons of gold in June and July. This means that the central bank still sees the gold price has not been too high, the expected central bank is still a major interest in gold, especially in a country that has increased its gold reserves but ownership is still relatively small, such as China. China's central bank is by far the world's sixth largest gold owner, but only mncapai 1.6% of total foreign exchange reserves was worth $ 2.5 trillion. IMF data also suggests Russia, Kazakhstan, Greece, Ukraine and Tajikistan are also added purchase The gold since two months ago. Even Russia has always buy gold every month in the last 5 years. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 4, 2011 Author Report Share Posted August 4, 2011 Central Bank Gold Brighten Outlook Thursday, August 4, 2011 Gold re-printed record after ECB President Jean-Claude Trichet, said the central bank will continue to buy bonds in order to help relieve the debt crisis. Gold won $ 1681.65 in the New York session and also print a record in the denominations of the euro, sterling, and yen. "Trichet has to admit the fact that the recovery will not be as expected. The economic outlook is not as good as before so that the central bank must extend the liquidity facility," said Andrey Kryuchenkov, an analyst at VTB Capital. "The movement of foreign currency is very volatile lately and this makes gold attractive as a financial asset for investment instruments. " European Central Bank liquidity facilities extended its 6 months for complete debt crisis of the euro-zone. Bank of Japan this morning spend the funds? 1 trillion yen appreciation for the weir. Swiss National Bank has been uttered to pump more liquidity to reduce the rate of strengthening of the franc. Central bank intervention, either in foreign exchange and bond markets, certainly made a bright outlook for gold. "The intervention of central bank gold affirmed the positive outlook," wrote UBS research report. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 5, 2011 Author Report Share Posted August 5, 2011 Gold Back Stronger Friday, August 5, 2011 Gold rose in London session as investors hunt for the precious metal as a safe-haven assets amid a worsening global financial markets. Investors are now worried the U.S. will experience a recession again and the euro-zone debt crisis continues to spread to large countries such as Italy and Spain. Gold fell yesterday from a record $ 40 as investors perlumenjual its precious metal to cover losses on other financial assets, but falling prices have prompted bargain hunting action. "I did not hear the Bears will come," said Ronald Leung, director of Lee Cheong Gold Dealers. "Prices have come down too much, so it looks a bargain-hunting action. There has been no change in sentiment for gold." "Sentiment is Bullish gold is now overshadowed by the action of short-term profit-taking," said Ong Yi Ling, an analyst at Phillip Futures. "Investors are now waiting for U.S. employment data, and investors seem to have been prepared to get bad data." Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 8, 2011 Author Report Share Posted August 8, 2011 Crude Oil Futures Fall Monday, August 8, 2011 Crude oil futures fell as much as 4.3 percent, trading near the lowest intraday price in more than eight months. S & P cuts AAA rating to AA + U.S. on August 5 in response to an agreement by President Barack Obama and lawmakers to raise $ 14.3 trillion of government debt limit. Peel oil losses after European Central Bank said it has bought Italian and Spanish government bonds. Crude oil for September delivery fell as much as $ 3.70 to $ 83.18 a barrel in electronic trading on the New York Mercantile Exchange. It was at $ 83.94 at 12:18 tonight in London. The contract rose 25 cents to $ 86.88 on Aug. 5 after slipping to $ 82.87, the lowest price since November 26. Prices fell 9.2 percent last week, the biggest in three months, and fell 8 percent in 2011. Brent oil for September settlement on the London-based Futures Europe ICE fell as much as $ 3.87, or 3.35 percent, to $ 105.50 a barrel. European benchmark contract with a premium of $ 22.01 for U.S. futures, compared with a closing record of $ 22.67 on Aug. 2. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 9, 2011 Author Report Share Posted August 9, 2011 Gold Continues Print Record Tuesday, August 9, 2011 Gold continued rally in the London session, print a record 1779.80, as plunging global stock markets on concern the world will experience a recession after the credit ratings cuts in the U.S.. Speculators are also reluctant to do profit-taking as investors continued to hunt for safe-haven assets amid a worsening debt crisis, Europe and the U.S.. "The market is now concerned with the threat of a global recession. Bond yield increased due to anxiety and even France will be more and more members of the European Union which would be natural debt crisis," said Natalie Robertson, ANZ strategic. "The market is very concerned about the global economy and this is seen from the surge in gold prices." Investors are now waiting for the results of the Fed meeting to look for cues whether the Fed will loosen its monetary policy further. "If the Fed gave an indication of the addition of the stimulus then gold will be able to extend rally," said Tom Pawlicki, an analyst at MF Global. On the other hand, JP Morgan has revised the target of gold this year to $ 2,500 due to downgrade U.S. credit ratings. Goldman Sachs is also optimistic about the outlook for gold prices as a result the Fed will probably keep a low interest rate policy for a long time. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 10, 2011 Author Report Share Posted August 10, 2011 Gold still starred although moving slow Wednesday, August 10, 2011 Gold in the evening trading today (10 / 8) recorded an increase and continues to show a new record. The increase in gold is still there although not as firm as before. Sentiment is still of concern to the U.S. economy since the shadow credit rating decline and a decrease in economic performance in the third quarter. Spot gold rose 0.8% to 1754.55 dollars per troy ounce with a support level at 1736.8 dollars per troy ounce and resistant level of 1767.82 dollars per troy ounce. Rising co-movement of gold followed by silver increased 1.6% to 38.16 dollars per troy ounce and palladium rose 0.8% to 746.75 dollars per troy ounce. According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of gold prices is expected to still likely to rise again despite not very significant, considering the majority of global stock markets rose today. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 11, 2011 Author Report Share Posted August 11, 2011 Gold corrected From Record High Margin Increase Post-CME Thursday, August 11, 2011 Gold prices had fallen from the highest levels on Thursday after the CME Group exchange raised the margin requirements for gold contract transactions / COMEX Gold futures, however the global financial market turmoil and the fear of slowing growth is still supporting sentiment. Observed Gold prices slipped so far -0.41% to as low as $ 1,790.37 after hitting its highest point of $ 1,814.43 per troy ounce. Historically increase the margin required to trade significantly less likely to cause indiscriminate selling of commodities, but a large reduction occurred with the still difficult market situation is still filled with uncertainty. While this gold still proves a fairly attractive alternative investment to increase the margin might not much affect unless reasonable cause prices corrected. Based on technical studies corrected the Golden still has the potential to an area of $ 1775 before rising further. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 12, 2011 Author Report Share Posted August 12, 2011 Gold Prices Fall in London Friday, 12 August 2011 Gold fell in London as some investors sold the metal-related debt and speculation the economic slowdown. Bullion fell 3% from a record $ 1,814.95 yesterday after CME Group Inc. to raise margins on futures traded in New York. Gains in equities also hold the demand for gold as an alternative asset. Gold for current delivery fell $ 2.95, or 0.2%, to $ 1,761.15 an ounce at 10:06 am in London. Prices rose 5.8% this week, heading for biggest weekly gain since January 2009. Futures for December delivery rose $ 11.40, or 0.7% to $ 1,762.90 an ounce on the Comex in New York. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 15, 2011 Author Report Share Posted August 15, 2011 Traded Oil Approaching Highest Point Monday, 15 August 2011 Oil traded near the highest point in the week due to rising U.S. equities and economic data from Japan assuage worries that a global recovery have faded. Futures rose as much as 0.8% in London and 0.5% in New York after falling in each of the last three weeks. Japan's economy shrank at an annualized rate of 1.3% in the second quarter, compared with the median forecast for a decline of 2.5%. Crude oil for September delivery rose 44 cents to $ 85.82 per barrel and at $ 85.69 on the New York Mercantile Exchange at 1:24 am London time. Brent oil for delivery in September at $ 108.25, up 22 cents, after rising as high as $ 108.80 a barrel on the ICE Futures Europe based in London. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 16, 2011 Author Report Share Posted August 16, 2011 Gold Jumped Over $ 20 Amid Weak Growth in Europe Tuesday, August 16, 2011 Gold managed to obtain an increase of more than $ 20 per ounce on Tuesday following a string of European economic data weaker than expected global stock markets weighed, and forcing investors to play safe. Currently Gold traded $ 22 more expensive or up approximately 1.3% in the range of $ 1783 per ounce on the Comex division of the New York Mercantile Exchange. "Short-term outlook for gold remains positive given the still too much uncertainty with the weakening macroeconomic economic data," said Andrey Kryuchenkov, an analyst at VTB Capital in London. On Tuesday, Eurostat released a record euro zone GDP growth of 0.2% in the second quarter from three months earlier, which is under the 0.3% growth expectations. German economic growth figures are also only up 0.1% in the second quarter from the previous quarter when the Germans managed to record growth of 1.3%. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 17, 2011 Author Report Share Posted August 17, 2011 Gold Continues Rise, Back Pursue New Records Wednesday, August 17, 2011 Gold prices in afternoon trading today (17 / 8) recorded an increase. Rising gold movements triggered by the impact of investor concerns about the condition the continuation of the threat of European credit crisis after a night of German Chancellor Angela Merkel and French President Nicolas Sarkozy, who last night about the opportunity to discuss financial and debt policies in Europe. Spot gold rose 0.2% to 1789.25 dollars per troy ounce with a support level at 1778.52 dollars per troy ounce and resistant level at 1794.30 dollars per troy ounce. Rising gold price movements also followed by a rise in other commodities such as platinum metal which rose 0.4% to 1825.63 dollars per troy ounce and silver rose 0.6% to 40.1275 dollars per troy ounce. According to the analysis of the Division of Research in Vibiz Vibiz Consulting, gold movements at night are expected to be still more likely to rise and does not rule out going to hit a new record as the fundamentals are still negative global economic conditions. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 18, 2011 Author Report Share Posted August 18, 2011 Gold rocketed above $ 1,800 Thursday, August 18, 2011 Gold rallied again approaching the highest price translucent above $ 1,800 per troy ounce on Thursday, most of the trigger factor is the debt crisis of Europe who have not found a solution plus the country's economic growth developed an increasingly bleak, so the confidence of investors in the asset stocks, bonds and currencies more slumped. Economic growth in the United States who have lost their top credit ratings decline, while European leaders are still struggling blocking the transmission of debt crisis forced Greece, Portugal and Ireland to find emergency funds and threatening spread to Italy & Spain. Gold spot price observed so far gained 0.89% to as low as $ 1,806.81 per troy ounce, as well as strengthening the 3.6% recorded during the week and has climbed nearly 9% in the last two weeks, a performance best two weeks since mid-February 2009. Declining confidence in other assets led to a growing number of market participants believe gold could reach levels of $ 2,000 per troy ounce. The new gold could go down if there is an increase real interest rates, controlled inflation and macro-economic environment is quite stable. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 20, 2011 Author Report Share Posted August 20, 2011 Thin Oil Down, sales drop 3.7% This Week Friday, August 19, 2011 Crude oil futures moved down on Friday, reversing the modest gains on the back of a weakening dollar by following the drop in the stock near the time of closing. Crude oil for September delivery was down 12 cents, or 0.2%, settling at $ 82.26 a barrel on the New York Mercantile Exchange. Previously traded as low as $ 79.17 a barrel. Oil settled lower three of the five sessions for the loss of 3.7% in the week. In the absence of major macroeconomic news on Friday, oil took its cue from the dollar lower and gold to new record highs, said Steven Schork of the Schork Group in Philadelphia. As the dollar index and leave the lowest shares back to the red zone, finally, give up earlier gains of oil. The dollar index, which measures the U.S. currency against six other currencies, traded at 74.002, down from 74.216 late Thursday. Oil fell nearly 6% on the previous session as investors worried about recession and ultimately reduce demand for oil. Oil Falls 5.9% free on Thursday was the biggest one-day decline in percentage terms and dollar price since Aug. 8. The decline came after a number of U.S. economic data was in the negative region, the main among them is a drop in factory activity in the Philadelphia region. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 22, 2011 Author Report Share Posted August 22, 2011 Darting Go Gold $ 1900 Monday, August 22, 2011 The movement of gold prices in afternoon trading today (22 / 8) recorded an increase. Gold is still eager to continue to hunt down a new record along with the negative conditions of the global economic fundamentals related decline on speculation the economic performance of China and the U.S. in the third quarter of this year. At the same time, the movement of the Asia bourses recorded a transitional impairment as a result of investor interest in the commodity sector, especially gold metal which incidentally is the safe haven commodity. Spot gold has increased by 1.6% to 1882.55 dollars per troy ounce with a support level at 1858.08 dollars per troy ounce and resistant level at 1893.75 dollars per troy ounce. According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of gold prices is expected to still bergerakan up and did not rule on this week will hit a record in position triy 1900 dollars per ounce. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 23, 2011 Author Report Share Posted August 23, 2011 Technical Gold: Time for Profit Taking! Tuesday, August 23, 2011 December gold futures contract soared again to new record high levels continue rising sixth straight day, while still a solid technical trend shows an increase but short-term technical indicators indicating the last rally needs to be corrected or at least turned into a temporary period of consolidation. Gold rally since July 1 at the level of 81 per troy ounce has soared to its highest level in Tuesday's 11.93 new, without any substantial price correction. A very strong bullish trend usually requires a temporary downward correction to the market over a period of overbought / overbought. Short-term overbought indicators monitored at the point of extreme, such as RSI above 70 and at the same time forming a bearish divergence pattern. Overall bearish divergence pattern is often used by traders as a signal of potential danger of short-term correction in the near future. Using Bollinger method also indicated the price has touched the top line of the Bollinger but failed to close outside the Bollinger area. It also indicates the potential for a period of consolidation in the next few days. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 24, 2011 Author Report Share Posted August 24, 2011 Gold Futures Extend The decrease Wednesday, 24 August 2011 Gold futures fell on Wednesday, extending a sharp decline from the previous session as investors continued to exit the market to lock in profits from the rally that took prices to a record high, while spot gold prices advanced amid strong physical demand. On the Comex division of the New York Mercantile Exchange, gold futures for October delivery was trading at USD 1,846,15 per troy ounce in late Asian trading, shedding 0.7%. Previous fell by 1.5% to trade at the lowest daily for USD1, 827.95 per troy ounce. Gold futures fell nearly 3.65% on Tuesday, the biggest one-day decline since February 2010. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 25, 2011 Author Report Share Posted August 25, 2011 Asia Session Consolidated Gold Price, Possible Rise Still Open Thursday, August 25, 2011 In afternoon trading the price of gold appears to be still tend to be stable and have reasonable consolidation after two successive days fell by 7% (08/25). The price of gold moved in the range of today's positive-negative and tends to be in a stable position than the close of trading early this morning. The price of gold has the potential to move rebound after posting the biggest drop since February 2010 on the trade last night. Investors are still seeking a safe haven asset amid the global financial market conditions are still filled with uncertainty. Gold prices declined sharply over 100 dollars in trade last night amid expectations that financial market conditions will begin to stabilize. Demand for safe-haven fallen sharply also triggered by the strengthening U.S. dollar exchange rate. At today's spot price of gold seems to be in the position of 1753.50 dollars per troy ounce, suffered a slight decline from 08.01 dollars the close of trading early this morning. Spot gold price today has undergone movement in the range 1742.90 - 1766.40 dollars per troy ounce. Analyst Research Vibiz of Vibiz Consulting estimates that the price movement of gold will still tend to have limited further correction. Demikiankenaikan Although prices are still possible because the current market players are still looking for safe haven assets. It is estimated that gold prices will again try to penetrate the 1800 dollar level. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 26, 2011 Author Report Share Posted August 26, 2011 Gold rises ahead of Bernanke Testimony Friday, August 26, 2011 Gold prices in afternoon trading today (26 / 8) recorded an increase. Gold becoming stronger again ahead of the testimony of Ben Bernanke as Fed governor who will provide insights and predictions about the chances of the U.S. economy forward. Investors apparently is still not expecting much and try to increase the requirement for safe-haven commodities. Spot gold rose by 0.3% to 1774.2 dollars per troy ounce with a support level at 1756.59 dollars per troy ounce and resistant level at 1792.92 dollars per troy ounce. Increased co-movement of gold followed by platinum which is currently up 0.3% to 1816.74 dollars per troy ounce. Rising platinum prices triggered by the speculative rise in demand for platinum by Japan this year. According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of gold prices is expected to be still more likely to rise with the price range between levels 1770 - 1785 dollars per troy ounce. Quote Link to comment Share on other sites More sharing options...
ande.andelumut Posted September 1, 2011 Report Share Posted September 1, 2011 What is also discussed here other than metal and oil commodities,? Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 9, 2011 Author Report Share Posted September 9, 2011 What is also discussed here other than metal and oil commodities,? Halo om ande, I'm only posted all about commodity here, especially information about oil and gold. I think them take effect for forex market. If om ande have information about another commodity, there is no problem if you post it here too :) Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 9, 2011 Author Report Share Posted September 9, 2011 Bargain-Hunting Recover Gold Thursday, September 8, 2011 Gold rose in London session, bolstered by bargain-hunting action due to the U.S. hopes will provide a stimulus to prop the fragile economy. Investors are now looking forward to President Obama's speech and the Fed's Bernanke for clues further stimulus. ECB's Trichet's statement after the ECB rate decision will also get attention. "Investors take advantage of falling gold prices," said Dan Smith, analyst at Standard Chartered. "Global macro conditions are still bad and it still will support the gold." The uncertainty of global economic growth has managed to help print gold record and predictable sentiment is still awake to the danger of investors believe a recession has passed. Obama's speech may give hope for improvement of the labor sector of the U.S., but the effect is likely to be temporary. "If the U.S. announced the stimulus then the anxiety of investors can be reduced but can not restore confidence in the worsening crisis of the post-euro zone debt and cuts in the U.S. credit ratings," said David Thurtell, analyst at Citigroup. However, Wang Tao, technical analyst by Reuters forecast the gold price could fall to as low as 93. "Gold is now anticipating a decrease that may touch the 50, although the fall is short sighted," said Tom Pawlicki, an analyst at MF Global. "The direction the market is still uncertain. Investors continued to monitor the development of the euro-zone debt crisis, the slow world economy, and the U.S. stimulus package. " Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 9, 2011 Author Report Share Posted September 9, 2011 Gold Darting Stimulus Trigger Speculation Over Request Friday, September 9, 2011 Gold rebounded, turned from a weekly weakening expectations as an additional stimulus in the U.S. sparked demand for safer assets categorized. Monitored by far the spot price of gold raced 0.53% to as low as $ 1,880.00 per troy ounce. Obama urged Congress to approve a plan of the addition of labor valued at $ 447 billion into the economy through infrastructure spending, subsidy to local governments to reduce layoffs and cut half the income tax on employees and small businesses. This plan reflects the government's concerns over the economy, increasing the chances of the next round of pruning quantitative, and sustain the overall Gold. Another catalyst is the increase in investment demand for gold in China by 44% in the second quarter from a year earlier to 53 metric tons, based on data from World Gold Council. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 13, 2011 Author Report Share Posted September 13, 2011 Gold Back Up Due to Weakening Dollar Tuesday, 13 September 2011 Gold rose in New York due to concerns that Europe's rising debt crisis and the falling dollar boosted demand for the metal as an alternative asset. "Concerns about Greece has not abated," said Sterling Smith, an analyst with Country Hedging Inc., said in a telephone interview from St. Paul, Minnesota. "The dollar weakened also provide support." Gold for December delivery rose $ 11.40, or 0.6%, to $ 1,824.70 an ounce on the Comex at 9:35 pm in New York. The precious metal rose to a record $ 1,923.70 on September 6, amid fears the global economy. "The debt crisis euro zone remains the dominant issue," wrote Daniel Briesemann, an analyst at Commerzbank AG in Frankfurt, today in a report. "The gold should remain in demand as a safe haven." Quote Link to comment Share on other sites More sharing options...
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