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Gold & metals
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bsiong
Supreme |
14-Apr-2015 08:31
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Daily Gold & Silver Market Report - 4/13/20154/13/2015 9:39:34 AM By: Paul Stevens
METALS DOWN AS U.S. DOLLAR GAINS Precious Metal prices are slightly lower during morning trading hours, continuing their recent trend of give and take. A rise in the U.S. dollar provided a new round of pressure on metals as investors speculate on the timing of a U.S. Federal Reserve rate hike. Bank of America Merrill Lynch strategists wrote Monday, " Despite falling and negative rates in large parts of the world, a sustained rally has so far not happened, because the Fed has remained steadfast on normalizing policy rates, with all the implications this has, for instance on the U.S. dollar." Closely watched economic data will be released this week and could affect pricing. Although oil has been down recently, Brent crude received a boost and rose toward $59 a barrel Monday, on falling U.S. rig counts and a slowdown in production. Saxo Bank head of commodity strategy Ole Hansen said, " The U.S. rig count once again focused people' s minds on the imminent reduction of production. The market is choosing to not focus on the ample supply we have at the moment." At 10:38 a.m. (ET), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
14-Apr-2015 08:29
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
By Ken Ticehurst - - April 13, 2015
Gold closed March in bearish fashion and in spite of some strength since then it has failed to make any significant progress in either direction. The weekly close was weak and left gold vulnerable to any kind of selling pressure.
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bsiong
Supreme |
01-Apr-2015 23:38
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Gold Prices Start Q2 With Push Above $1,200 Following Weaker U.S. DataNew York (Apr 1) Two weaker-than-expected economic reports Wednesday has helped gold start the second quarter off on a strong footing, pushing prices briefly above $1,200 an ounce. Wednesday, Comex June gold futures rallied to a session high of $1,203.60 an ounce. Although prices have backed down slightly they are still holding on to recent gains, last trading at $1,199.10 an ounce, up more than 1% on the day. " The market need to close above $1,200 to create some momentum," said George Gero, vice president and precious-metals strategist for RBC Capital Markets Global Futures. Gold' s rally started early in the session after private payrolls processor ADP said that 189,000 jobs were created in March, well below the consensus of 225,000 jobs. According to the report, this was the weakest pace of job growth since January 2014. Gold got a second push, driving prices above $1,200 an ounce, following disappointing manufacturing data from the Institute for Supply Management (ISM). ISM said its Purchasing Managers Index showed a reading of 51.2% in March, below the consensus of 52.5%. The data shows that the manufacturing sector has been steadily losing momentum since the start of the year. Gero added that the data pushed back expectations of when the Federal Reserve will hike rates, with more focus now on a September liftoff. John Weyer, co-director of commercial hedging at Walsh Trading, agreed that this data raises doubt about a June rate hike. " It is amazing how quickly things can change from report to report," he said. " There is a lot more focus on the data and the general consensus I think is switching to a September rate hike because of the weak data," he said. Although the ADP employment numbers are not always considered a major market mover, this month is different since the U.S. government will be releasing nonfarm payrolls data on Friday but markets are closed in recognition of Good Friday. Weyer said that today' s ADP report is the only chance traders have to adjust their expectations of the labor market. Although $1,200 will be an important level to watch, Weyer said that they are looking for a close above last week' s highs of $1,220 to $1,225 an ounce. Ted Sloup, senior market strategist at iiTrader, said that the key resistance point he is watching is $1,205, which he added is a key Fibonacci retracement level. " If we are able to close above that then we could see prices push to $1,245 or $1,250 an ounce in the short-term," he said. Source: KitcoNews |
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bsiong
Supreme |
01-Apr-2015 23:36
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
By Avi Gilburt - April 1, 2015
Back at the end of February of 2015, I provided you with a set up for the metals to decline strongly over a week or two period of time, to be followed by an upside reversal. I was looking for the markets to test or even break their 2014 lows, and then begin a rally...
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bsiong
Supreme |
25-Mar-2015 12:55
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
 Gold Market Update - Clive MaundThe immediate outlook for Gold has improved dramatically following the dollar&rsquo s topping action of recent days after the ... Read More |
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bsiong
Supreme |
25-Mar-2015 12:54
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
 Silver Market Update - Clive MaundSilver showed impressive resilience on the latest dollar rally, refusing to break to new lows, & with the dollar sig... Read More |
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bsiong
Supreme |
25-Mar-2015 08:39
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Gold extends 5-day rally WTI crude up 0.1% ahead of supply dataNew York (Mar 24) Gold futures scored a fifth straight session of gains today, with European jitters and worries about a potentially overheated equity market helping to lift prices to their highest level in nearly three weeks. Gold for April delivery rose 0.3 percent to settle at $1,191.40 an ounce on Comex -- the highest settlement for a most-active contract since March 5. In other metals trading, May silver advanced 0.5 percent to $16.983 an ounce. April platinum shed 0.3 percent to $1,141.50 an ounce, while June palladium declined 0.9 percent to $763.70 an ounce. May copper rose 0.5 percent to end at $2.803 a pound. In energy trading, oil futures finished with a slight gain as traders awaited weekly reports on U.S. crude supplies. West Texas Intermediate for May delivery settled at $47.51 a barrel on the New York Mercantile Exchange, up 0.1 percent. The American Petroleum Institute will release its petroleum-supply report late today, while the Energy Information Administration' s data will be out tomorrow morning. Analysts polled by Platts expect the reports to show an increase of 4.6 million barrels in crude inventories for the week ended March 20. Source: Standard& Poors |
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bsiong
Supreme |
25-Mar-2015 08:35
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
By Captain Ewave - March 24, 2015
Gold traded to a high of 1191.00 in today' s day session, which is above last Friday&rsquo s high. On the Intraday Chart the trading from Friday&rsquo s high of 1187.20 does not look impulsive which keeps all of our current options open.
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bsiong
Supreme |
25-Mar-2015 08:33
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Daily Gold & Silver Market Report -- 3/24/20153/24/2015 2:17:01 PM By: Lorrie Freeman
Rate Increase Speculation Boosts Gold Dollar, Euro rally Gold steadied below the 2-1/2 week high Tuesday and is headed for its fifth session of gains on expectations that a U.S. interest rate hike could be delayed until September. The price of Gold was set to post its longest winning streak since January 2014. Investors have rushed toward bullion the past few days because of a slumping U.S. dollar. " The dollar remains the main factor which is driving the Gold price and traders will be looking very closely towards (Fed officials&rsquo ) comments to gauge when and how rapid the rate hike will be," online broker AvaTrade chief market analyst Naeem Aslam said. European stocks held close to record highs as a stronger-than-expected manufacturing survey showed eurozone factory business hitting a four-year-high. However, strong U.S. data shifted sentiment back in favor of the dollar. " Any positive surprises from the euro area are further adding to this euro/dollar rally however we think this is temporary," Barclays foreign exchange strategist Nikolaos Sgouropoulos said. " We still believe in the dollar strength trend going into the second half of the year." At 3:12 pm. (ET), the APMEX Precious Metals spot prices were:
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bsiong
Supreme |
24-Mar-2015 08:53
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Low Rates Will Trigger Unrest As Central Banks Lose Control - Bank For International SettlementsThe Swiss-based " bank of central banks" said the " sinking trend" of global rates would push countries further into uncha... Read More |
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bsiong
Supreme |
24-Mar-2015 08:49
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
By Andre Gratian - March 23, 2015
Last week, I mentioned that several indexes were participating in the 3-week decline half-heartedly. We now know the reason why! On Friday, the rally which started at 2040 has filled a phase projection at 2113 and come to a resistance level which should turn it down...
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bsiong
Supreme |
24-Mar-2015 08:48
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
By Ken Ticehurst - - March 23, 2015
Last week saw gold relieve some of its oversold conditions on a short term basis. Some participants interpreted the Fed&rsquo s continued dovishness whilst at the same time losing patience as a sign that gold should be bought. However, it was reasonable...
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bsiong
Supreme |
24-Mar-2015 08:47
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Gold price moves up as dollar decline continuesSan Francisco (Mar 23) The gold price hit a fresh two-week high on Monday afternoon after the dollar retreated further from last week' s highs following forecast-missing US home sales data. Spot gold was last at $1,185.70/1,186.50 per ounce, up $3.60 on the pre-weekend close. It hit its highest since March 6 earlier in the session at $1,189.30. Silver was last 17 cents higher at $16.85/16.90 per ounce, platinum was up $10 at $1,144/1,149 and palladium edged $1 higher to $772/778. The dollar' s retreat to 1.0930 against the euro provided the impetus &ndash the US currency had been softening before home sales data fell short of the annual rate of five million units for the second consecutive month, pushing the greenback to an intraday low of 1.0945. Total existing home sales at 4.88 million were short of the forecast 4.91 million, albeit up from the previous month' s 4.82 million. New home sales data is due on Tuesday alongside manufacturing data &ndash these will be closed watched for any signs of improvement that may reignite speculation for higher interest rates from June. For now, following dovish comments last week from Fed chair Janet Yellen regarding the pace at which the US economy is growing, the general consensus among analysts is rates will be kept at near-zero levels until at least September. " The FOMC' s change in stance has shifted the market consensus for a rate rise from June towards September, reducing dollar strength. The US currency, after getting ahead of its fundamentals in anticipation of a potential June increase, may now see a correction should US data continue to disappoint, providing further upside to metals prices,&rdquo FastMarkets' Tom Moore said. In other data today, eurozone consumer confidence at -4 was better than expected. Manufacturing and services PMIs are also due from most of the world' s major economies including China, France, Germany and the US on Tuesday. Source: TheBullionDesk |
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Bigmama
Elite |
22-Mar-2015 23:00
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x 0
x 0 Alert Admin |
Hope u are right but it looks like it is going to break new lows.
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marubozu1688
Master |
22-Mar-2015 15:26
Yells: "Be humble in front of Mr. Market." |
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x 0
x 0 Alert Admin |
GLD is finding support at $109-$110 range. Looks like bottoming up! Let' s see whether GLD can clear all the resistances a head. http://mystocksinvesting.com/us-stocks/spdr-gold-gld/gold-etf-gld-double-bottoms-rebound/ |
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bsiong
Supreme |
20-Mar-2015 14:10
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
 By Ken Ticehurst - - March 17, 2015
Our gold price forecasts have anticipated this breakdown in price for many months now. That is because we use sentiment to drive our forecasts and not fundamentals. Our current forecast below is for a final breakdown in price and sentiment over the...
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bsiong
Supreme |
20-Mar-2015 14:09
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
 By Mary Anne & Pamela Aden - - March 19, 2015
It doesn' t cease to amaze us to see the ongoing consistency in price moves over the years. Gold has phases and as each one comes up, we watch it closely to see if this time repeats a similar pattern.
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bsiong
Supreme |
20-Mar-2015 14:06
Yells: "The Greatest Wealth is Health" |
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x 0
x 0 Alert Admin |
Gold 1200 Would be a Big TestBy Jamie Saettele, CMT, Sr. Technical Strategist
19 March 2015 19:51 GMT
Daily
Chart Prepared by Jamie Saettele, CMT
-" Gold needs to exceed 1245 to negate the breakdown implications (to 1177). 1177 is a great level for an important low." 1177 failed spectacularly. The metal continues to trade around a slope level but failure to reverse higher now opens up 5 year lows... and possibly the 1032/44 (2008 high and 2010 high). 1182/87 could provide resistance but 1200 would be a bigger test.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. |
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haruta
Elite |
19-Mar-2015 07:53
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x 0
x 0 Alert Admin |
Buy gold for wat. Scared of risk money put in banks safest nobody can touch a cent of your monies.
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Kyoto2008
Elite |
18-Mar-2015 23:32
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x 0
x 0 Alert Admin |
Yeah lah, but a contract also can be broken if the seller of the gold goes bankrupt and cannot deliver.
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