mynameisandhy Posted October 24, 2011 Author Report Share Posted October 24, 2011 Barclays Still Confident With Gold Monday, October 24, 2011 Gold prices rose in the London session, supported by the European debt crisis and fears of U.S. monetary policy that will prop demand for gold as an asset protector of wealth. European leaders have decided to not involve the ECB bailout funds for the jack capacity and lay out a plan to help banks. Vice Chairman of the Federal Reserve, Janet Yellen, state asset purchase program on a large scale may be needed for exciting the U.S. economy. "The interest of investors towards gold has stabilized and physical demand to appear at a lower price level," said Suki Cooper, analyst at Barclays Capital. "We forecast the gold price can still be supported by seasonal demand. We are still positive with gold considering the macro-economic factors are still supportive." "The market follow European developments. So far not much meaningful conversation and the market needs to see Europe take action," said David Lennox, an analyst interviewed by Reuters. "I think gold prices will continue to rise." Gold had printed a record $ 1,921 in early September as investors tried to diversify asset holdings and hedging on the threat of inflation. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 25, 2011 Author Report Share Posted October 25, 2011 China Copper Imports soared to 16-Month High Point Tuesday, October 25, 2011 China's copper imports rose to 275.499 tons in September as well as the highest recorded level of imports in the past 16 months, since March 2010. The cause is suspected as the accumulation of reserve stocks ahead of the high demand season. China has so far observed as the world's largest copper consumer. Low prices also fueled the purchase of China through exchanges of London Metal Exchange / LME. Copper has fallen from $ 10,000 per ton and traded at $ 7,400 per ton. Arbitrage trading between LME and Shanghai also contributed to overall demand. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 26, 2011 Author Report Share Posted October 26, 2011 Oil Still Bullish, China to Protection of Industrial Sector and SMEs Wednesday, October 26, 2011 Price movements of crude oil to trade this evening (26/10) recorded an increase. The positive trend continues to form after the Prime Minister of China, Wen Jiabao gave a statement that the Chinese government will issue policies to sustain economic and industrial sectors of SMEs in order to withstand the threat of economic crisis. In addition, strengthening oil prices are also influenced by the existence of a positive sentiment from expectations of higher U.S. corporate profits are still to be released today. One of which will report its financial corporation is mining company, ConocoPhillips. Crude oil futures for December rose 28 cents to 93.45 dollars per barrel. Meanwhile, Brent crude fell 24 cents to 110.68 dollars per barrel. According to the analysis of the Division of Research in Vibiz Vibiz Consulting, crude oil price movements are expected to still more likely to go up with the support level of 91.32 dollars per troy ounce and resistant level of 93.89 dollars per troy ounce. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 27, 2011 Author Report Share Posted October 27, 2011 Gold Up 1.4% Face Euro Meeting Thursday, October 27, 2011 (Dow Jones) Gold futures closed higher on Thursday (27/10) before dawn. The uncertainty of the ability of European Union leaders expressed the region's debt crisis resolution plan, sejal metal prices boost earlier in the week more than 5% Gold for December delivery rose U.S. $ 23.10, or 1.4% to as low as U.S. $ 1,723.50 an ounce on the Comex division of the New York Mercantile Exchange. This figure marks the highest close for the next month contract since 22 September. Lack of action on debt in the euro zone summit so far sparked fresh concerns over the global economic situation. "This is leading to higher gold prices," said Darin Newsom, senior analyst at Telvent DTN. Short covering at the end of the month is also a factor that supports metal prices. "Gold could see a rally last at least until the weekend," added Newsom. The price of gold, has touched its highest level at U.S. $ 1,728 previously, has risen 5.3% this week. "Precious metals have been soaring above U.S. $ 1,700 per ounce, which emerged as the new support level, with the next resistance level in the range of U.S. $ 1,750 to U.S. $ 1,760," said Colin Cieszynski, market analyst at CMC Markets Canada. Earlier, gold rose 2.9% for the largest increase of metal in a single day since September 27, when U.S. stocks fell. The stock market yesterday also reflected doubts that the European Union countries will reach an agreement to settle a debt policy, as well as stimulate economic growth. Meanwhile, silver futures also rose, with the December contract rose 26 cents, or 0.8% to as low as U.S. $ 33.31 per ounce. December copper rose 7 cents, or 2% to U.S. $ 3.49 per pound, although it fell back from its previous level at U.S. $ 3.59. While January platinum rose U.S. $ 28.40, or 1.8%, to $ 1,597.20 per ounce, while December palladium reversed course and fell U.S. $ 6.05, or 0.9%, to as low as U.S. $ 646.05 per an ounce. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 29, 2011 Author Report Share Posted October 29, 2011 Gold corrected, but Still Shining Saturday, October 29, 2011 Gold corrected on Friday, but still toward the biggest weekly gain in 2 months after the agreement euro zone supports the performance of commodity and stock markets in the last session. "Performance slack gold today, and it is not surprising, though not close the possibility of further consolidation at current levels, we still believe that long-term risks to the system to target a higher price," said Eugen Weinberg, analyst at Commerzbank. Although many investors back to riskier assets, gold is also supported by safe-haven flows by investors Even as many investors are still worried about the euro zone agreement until the details come out. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 31, 2011 Author Report Share Posted October 31, 2011 Gold Rises Amid sluggish Global Stocks Monday, October 31, 2011 The movement of gold prices to trade this evening (31/10) had monitored the movement increases. Gold seems to respond to the impact of the decline in the majority of global stock markets and rising concerns over the re-sale of debentures European efforts. Current spot gold rose 10.56 dollars to 1722.65 dollars per troy ounce with the support level of 1705.8 dollars per troy ounce and resistant level of 1723.56 dollars per troy ounce. The increasing price of gold is apparently not followed by other metal commodities like silver which fell 3.2% to 34.12 dollars per troy ounce and palladium fell 3.3% to 642.2 dollars per troy ounce. According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the price movement of gold still has the potential to rise again with a range between 1725 - 1730 dollars per troy ounce for tonight. Investors will focus on the release of China's manufacturing data which will be announced some time longer. Quote Link to comment Share on other sites More sharing options...
⭐ bunty Posted October 31, 2011 Report Share Posted October 31, 2011 Silver is going strong on weekly charts seems in few weeks it will cross the previous high Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 1, 2011 Author Report Share Posted November 1, 2011 Crude Oil Weakens, Not More Bailout Not The European Tuesday, November 1, 2011 Crude oil price movements for this afternoon (1 / 11) recorded a decline. The weakening of the movement of oil is the negative impact of economic fundamentals in Europe that there is no certainty about continued efforts bailout policy. The weakening of oil prices today is a symbol that investors were holding position pending the outcome of the G20 meeting, held on the next day which is expected to discuss about the prospects for overcoming the economic crisis and Europe. Crude oil futures for the time being weakened by 93 cents to 92.26 dollars per barrel. Meanwhile, crude oil futures fell 0.7% to 108.85 dollars per barrel. According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of oil prices is expected to be still depressed with the support level of 90.0 dollars per barrel, and resistant level of 92.87 dollars per barrel. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 2, 2011 Author Report Share Posted November 2, 2011 The addition of direct employment rose oil Wednesday, November 2, 2011 Post the rise in oil after a four-day slump after U.S. private-sector employers added more jobs than expected and at the time the dollar weakened before the Federal Reserve's statement on the economy. Oil climbed 1.7 percent after ADP Employer Services reported U.S. companies to recruit as many as 110 000 workers to its payroll list in October. The weakening dollar for the first time in four days at a time when the Fed is expected to make a purchase of assets the third stage. Crude oil for December delivery rose $ 1.08, or 1.17 percent to as low as $ 93.27 per barrel was observed at 9:25 o'clock in the morning on the New York Mercantile Exchange. Oil futures rose 2.1 percent this year. meanwhile, the Brent oil for December delivery rose $ 1.03, or 0.9 percent to as low as $ 110.57 a barrel on the ICE Futures Europe exchange in London. The increase in employment in October are higher than 91.000 increase in September, based on data from ADP, based in Roseland, New Jersey reported. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 3, 2011 Author Report Share Posted November 3, 2011 Crude oil rose for a second day Thursday, November 3, 2011 Oil rose for a second day in New York, reverse the decline after European leaders pressed Greece to continue with a possible rescue package to stem the debt crisis. West Texas Intermediate futures on the New York Mercantile Exchange rebounded after being down 1.8 percent. Led by Germany and France, political and economic actors of Europe, European watchdog yesterday to stop financial aid to Greece until early December to determine appropriate selection obtain a loan. Crude oil for December delivery rose 39 cents on the level of $ 92.90 in electronic trading on the New York Mercantile Exchange was observed at 10:59 am London time. Previously had declined by $ 1.64 to as low as $ 90.87 per barrel. Brent oil for December delivery traded up 30 cents at the level of $ 109.64 per barrel on the ICE Futures Europe exchange in London. U.S. crude stockpiles increased 1.83 million barrels to 339.5 million in the week to October 28, according to U.S. Department of Energy report yesterday. 1:36 gasoline inventories increased to 206.3 million barrels million barrels. With an estimated median decrease in 800.000. Distilled oil inventories, which include heating oil and jet fuel, decreases 3:58 million barrels to 141.9 million barrels. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 4, 2011 Author Report Share Posted November 4, 2011 First in four days, the contract price of gold is expected to sag Friday, November 4, 2011 SINGAPORE. Gold futures are expected to record a decrease for the first time in four days. The reason, investors are busy-busy after removing the gold price reached its highest level in six weeks. This morning, the contract price of gold for fast delivery fell by 0.4% to U.S. $ 1757.10 per troy ounce. At 14:29 pm Singapore time, the same contract at the level of U.S. $ 1761.90 per troy ounce. Yesterday, gold prices touched a new U.S. $ 1,768.03 per troy ounce. This is the highest level since 22 September. While the price of gold contract for December delivery was not much change in the position of U.S. $ 1762.90 per troy ounce on the Comex in New York. "Investors should pay attention to news of Europe and the movement of the dollar to determine the next gold price movements," explains Terry Hanlon, president of Dillon Gage Metals. He added, in the past 15 years, the movement of gold and the dollar has a contradictory relationship. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 7, 2011 Author Report Share Posted November 7, 2011 Gold Rises, The Role of Commodities Safe Haven Monday, November 7, 2011 The movement of gold prices to trade today (7 / 11) recorded an increase in line with the back to reveal concerns about the European economy. Greek Prime Minister George Papandreou will reportedly resign amid yet usainya process of providing economic aid raised by the European Union. Spot gold rose by 7.72 dollars to 1763.85 dollars per troy ounce with the support level at 1753.99 dollars per troy ounce and resistant level at 1772.90 dollars per troy ounce. Rising gold movements in commodity prices helped push other metals such as silver rose 0.8% menhadi 34.41 dollars per troy ounce, palladium rose 0.4% to 659 dollars per troy ounce and platinum rose 0.4% to 1640 dollars per troy oz. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 8, 2011 Author Report Share Posted November 8, 2011 Approach the $ 1,800 gold ahead of Italy Vote Tuesday, November 8, 2011 Gold is stable but still close to the psychologically important level of $ 1,800 per troy ounce, the European debt crisis due to anxiety that has intensified ahead of the budget vote in Italy. Most active gold contract for December, traded so far down -0.17% to as low as $ 1,790 per troy ounce, after reaching the highest point on the daily level of $ 1,796.14 while its daily lows at $ 1,784.39. Market participants are still awaiting the results of voting in the Italian parliament that determines the budget savings program, with investors worried that the Italian Prime Minister Silvio Berlusconi failed to get suaran majority to implement fiscal and economic reforms. The failure is also the potential to trigger a vote of distrust on the Berlusconi government, and fiscal reforms may delay longer and cause uncertainty, especially if Berlusconi is still reluctant to resign. Uniquely gold futures have benefited from this anxiety situation, because gold is still considered a relatively safe asset amid uncertainty. But otherwise if the market anticipates Berlusconi would ultimately resign and hand over the new government to save Italy from the crisis it would be responded positively by market participants, thereby reducing the demand for safe haven assets of gold. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 9, 2011 Author Report Share Posted November 9, 2011 Jim Rogers: Gold Bullish Wednesday, November 9, 2011 Gold will still be bullish for several years to finally create the bubble, according to well-known investor Jim Rogers. "Gold will easily reach $ 2000 before it finally reached $ 2400. Bullish still be awake for the next few years," said Rogers, CEO of Rogers Holdings, told CNBC. "Rally will end if the price of gold became a bubble. This is the way the market works; prices will keep rising until it became a bubble." Still, Rogers believes the annual gold needs to create bubbles. "Bubble could have been created 5, 6, or 18 years," he said. "I hope I am smart enough to sell gold when the bubble occurred, but the price will probably double." Rogers uttered he prefers silver than gold because it's cheaper. "I have gold and silver and I do not sell them. However, if had to choose then I would buy silver," said Rogers as he said he took short positions against the stock because it is not too optimistic about the economic fundamentals. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 10, 2011 Author Report Share Posted November 10, 2011 Poor European Distressed Oil Sentiment Thursday, November 10, 2011 Oil falls for second day in New York Merchantil Exchange amid signs the European debt crisis can lead to weakening the euro area and threaten the region's economy. Crude oil for December delivery slipped as much as 48 cents, or 0.5%, to $ 95.26 per barrel in electronic trading on the New York Mercantile Exchange at 3:18 am Singapore time. The contract fell $ 1.06 yesterday, or 1.1% to $ 95.74, the lowest settlement since November 7. Price 4.3% higher last year. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 11, 2011 Author Report Share Posted November 11, 2011 Freeport Indonesia Will Continue In Gold Production Time Near Friday, November 11, 2011 Employee strikes Indonesia in Papua Gold mining has caused losses of billions of dollars in revenue, after nearly a month hanging authorities Indonesia and PT Freeport McMoran Gold miners have reportedly reached an agreement to resume mining operations. But the Minister of Manpower and Transmigration, which mediates the negotiations, said the management and the workers have not produced an agreement but has achieved significant progress. Management has offered 35 percent wage increase while the workers agreed to lower their wage demands to $ 4 per hour from the previous $ 6.7 per hour. The management also said it would set the minimum wage to $ 375.3 / USD. 3.316 million per month, but the reality of his workers' wages will be Rp. 8 million per month, including meal allowances, and annual bonuses. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 14, 2011 Author Report Share Posted November 14, 2011 Gold was corrected from $ 1795 Monday, November 14, 2011 Contract Gold futures for December monitored traded at the level of $ 1,776 per troy ounce, or down -0.67% from its opening, after reaching the highest point daily at $ 1,795 per troy ounce in Asian session as the uncertainty of the euro zone is still sustain the demand of Gold despite clear progress from Italy and Greece. But since the European session, the Gold turned down due to the strengthening U.S. dollar against major currencies on the exchange. Despite the weakening, but the Gold Uptrend channel since rebounding from last September 29 still survive. Aggressive traders may be able to trade with the accumulation in the trendline support on H1 chart, in the area of 1750 with stop losses into account Fibonacci support point at 50% = 1725. Need to be aware also that the strengthening of the dollar will become so vulnerable to negative Gold Rally Gold occurs when the correction becomes too tight above 1812. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 15, 2011 Author Report Share Posted November 15, 2011 Europe uncertainty shadowed Oil Tuesday, November 15, 2011 Oil prices did not change much in the London session, although overshadowed by worries that European debt crisis could hurt growth in world oil demand. Investors worried about the ability of Italian and Greek politicians to do for the sake of complete reform of the debt crisis. "Action sale may occur in the coming days on concerns over the outlook for energy demand of Europe," said Victor Shum, a consultant at Purvin & Gertz. "However, some countries will be attending the winter and it certainly can sustain the demand. It should be able to limit price declines." "Sentiment is still fragile, especially with the proliferation of uncertainty in Europe," said Natalie Robertson, an analyst at ANZ. "The focus is still on the situation in Europe." Meanwhile, Iran's OPEC governor Mohammad Ali Khatibi express OPEC will continue to monitor developments and cooperate. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 16, 2011 Author Report Share Posted November 16, 2011 Oil Price fall Related in U.S. Inventories Wednesday, November 16, 2011 U.S. crude oil contracts slumped in early Asian trade Wednesday, reversing some previous disesi reinforcement associated rise in inventories in the U.S. that indicates the economic recovery in some industrialized countries. U.S. crude oil contract dropped 18 cents to $ 99.19 per barrel, after rising $ 1.23 to stand at $ 99.37 per barrel, its highest closing level since July 26. U.S. crude oil inventories rose unexpectedly while gasoline inventories showed a decrease in inventory, according to weekly data for the inventory report from American Petroleum Institute on Tuesday. U.S. economy shows signs that the country is moving in the fourth quarter as an increase in retail sales in the month oktopber and manufacturing levels in New York this month for the first time since May. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 17, 2011 Author Report Share Posted November 17, 2011 WGC: Crisis Zone of Europe Still Support Gold In Medium Term Thursday, November 17, 2011 World Gold Council has reported a trend of demand for gold during Q3 which showed an increase of 6% yoy to 1,053.0 tons, equivalent to $ 57.5 billion. Gold investment demand will still be a market mover Gold as investors in other parts of the world seek to diversify and expect high returns. WGC Investment Director, Marcus Grubb said demand remains solid, especially from Central banks in Europe, where the trend of demand expected to remain strong through 2012. Although there is finally a solution to overcome the debt crisis of Europe, the action may be taken is quantitative easing program that could eventually lead to rising inflation, and this factor can still sustain rising gold prices, said Marcus. Gold decreased from the level of $ 1920 per troy ounce to a level of about $ 1550, and turned again to the area of $ 1744 so far supported by the Central Bank purchases from various countries. Based on this, according to Marcus repetitions as the movement of gold in 1980, where there has been a sharp decline in gold after reaching its highest point is still a small possibility that has been caused by different situations. In the 1980s, there were net sell of Gold by Central Bank in which Gordon Brown had sold 60% gold reserve to late 2002, while current net Central Bank indicated to buy gold to 350 tonnes, which is also the purchase of a new record. Central Bank is doing a lot of gold purchases, especially from countries that have fiscal conditions and high trade surpluses, such as Russia, China and Latin America. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 19, 2011 Author Report Share Posted November 19, 2011 Speculation Oil Prices Drop Seaway Plan Friday, November 18, 2011 Crude oil slumped down on the New York session, widen the difference with Brent oil, the speculation that the reversal of the Seaway pipeline is not enough to trim the excess oil in the U.S. Midwest. West Texas Intermediate, the benchmark NYME. Oil fell more than 2 days after Brent Enbridge Inc.. and Enterprise Products Partners LP said their desire to reverse the direction of the pipeline, sending oil from Cushing, Oklahoma, to the Gulf Coast. Brent premium to WTI difference had narrowed to $ 3.74, eight-month lows on that day. "Investors are beginning to realize they were excessive when the news was released Seaway pipeline," said Phil Flynn, analyst at PFGBest in Chicago. "The pipeline is not sufficient to remove the excess and this is not a bullish event." "It's excessive, and spreads have shrunk too far," said Chris Barber, senior analyst at Energy Security Analysis Inc.. in Wakefield, Massachusetts. "It takes a change sturktural to end the excess oil." Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 21, 2011 Author Report Share Posted November 21, 2011 Lower gold; Trade Along With Risk Assets Monday, November 21, 2011 Gold lower in Asia as trading in line with industrial metal and Asian equity markets amid continued risk aversion due to macroeconomic uncertainty centers on the eurozone debt crisis. Spot gold traded at $ 1,719.90 per troy ounce, down $ 4.90 from the previous settlement. Analysts say the yellow metal will likely remain under pressure near term as the USD holds firm against USD; commodities priced in dollars become more expensive for investors holding other currencies when the greenback is stronger. EUR / USD is at 1.3523 from 1.3522 late Friday in New York Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 22, 2011 Author Report Share Posted November 22, 2011 Gold Soar From the point of 1-Month Low Tuesday, November 22, 2011 Gold rebounded from one-month lows in the European trading session on concern debt in the U.S. and Europe have spurred the demand on this precious metal as a protection against wealth. After a sharp weakening of the Golden kemairn, it appears an increasing demand on physical gold as investors diversified needs of asset stocks and currencies amid debt crisis and economic slowdown concerns. Looks even gold ETF holdings rise 2 metric tons yesterday to a level of all-time high at 2,341.94 tonnes. Demand is still high on the Gold bullion and coins, supported by expectations global economic growth outlook is low enough to allow interest rates persist at low levels for a longer period of time. The technical, bias intraday still bearish gold, at least after the area $ 1680 & $ 1665 in the short term, on the side of it, the level of resistance close look at the area of $ 1700, see-through back above that area could trigger further bullish momentum to the resistance further in the area of $ 1715 - $ 1725 . Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 23, 2011 Author Report Share Posted November 23, 2011 Gold futures Induced Strengthening Dollar Down Sharply Wednesday, November 23, 2011 Gold futures contract for December traded weaker Wall Street ahead of the opening session on Wednesday, as investor sentiment risk transfer impact on the commodity sectors such as precious metals and oil in selling pressure. Market participants were surprised by the results of a German bond auction showed disappointing results, as well as providing further evidence that the euro zone crisis has spread from smaller states to the European core countries. If this situation continues, then the mental bond investors tend to prefer the U.S. and the dollar as investors still see U.S. assets relatively more secure. Gold catalysts Another negative is the poor economic reports from China, along with the strengthening dollar index touched the highest point of the new 7-week due to rising demand for dollars. Technically, gold is still in a downtrend that is pretty solid, targeting areas of $ 1,604 in the medium term, but is still consistently below the required penetration of the area from 1655 to 1680 weeks to trigger further bearish momentum. On the top side, closest resistance in the area from 1700 to 1725. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted November 24, 2011 Author Report Share Posted November 24, 2011 Gold Uphill Sustained Bargain Hunting Thursday, November 24, 2011 Gold rose on bargain hunting helped Thursday's action, and the strengthening of the stock market after entering the oversold territory after a panic selloff related to the eurozone bond market crisis. Observed spot price of Gold rose 0.32% to as low as $ 1,697.42 per troy ounce so far, but overall prices have slumped more than 10 percent since reaching a record high level at $ 1,920 per troy ounce in September last. In the short term, gold must be stable above $ 1725 to trigger a reversal of bullish technical momentum and get more information. Gold is still weakening shortly before the expiration of options contracts as a result of Gold and the owner of the panic that led to the European bond investors to buy U.S. dollars. Quote Link to comment Share on other sites More sharing options...
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