Posts Tagged ‘Cepat’
Gold Monthly Review – OCTOBER 2009
Posted by: swissgold on: October 10, 2009
Gold has set a new record high above $1,040/oz and the move up to this level does not look over extended yet.
- Dollar weakness on the back of a rise in interest rates in Australia promoted the rally, but there have been other developments too.
- Fabrication demand is very poor and these higher prices will not help, but there must be considerable pent up demand.
- Investor interest is strong at the fund level and with ETF holders.
- All looks bullish, but be wary in case equities start to correct, in which case precious metals are likely to suffer too – initially.
Gold breaks out of its consolidation pattern and rallies to new record highs.
Trading in early September saw Gold prices break higher out of the consolidation pattern that had contained prices for most of June, July and August. Having broken higher prices accelerated up to the high $990’s/oz, paused and then extended gains to $1,024.25/oz, some $8/oz below the highs seen in March 2008 at $1,032.50/oz. The market then consolidated either side of $1,000/oz, before pushing higher to set new record highs at $1,043.80/oz. In recent weeks, sentiment across the broader markets does seem to have taken a turn for the worse as some important economic data has disappointed the market and that might well trigger a much awaited correction in equities. In the past, Gold prices have suffered during the early part of any broad based risk reduction sell-off and it may well do so again. That said, generally this time around money coming out of equities may well move more quickly into the likes of Gold, especially with the dollar under further pressure following the rise in interest rates in Australia.
Geopolitical risks have risen
Iran’s nuclear ambitions have come back into focus with the revelation of a second nuclear plant. With US patience running thin, the market is fearful of a rise in geopolitical tension. The possibility of tough sanctions may have prompted a pick- up in Gold purchases in the Middle East in case overseas bank assets are frozen.
Monthly Technical:
Having set new record highs Gold prices are in uncharted waters. The next level to overcome is the $1,050/oz level, but forecast are likely to be looking at numbers such as $1,250/oz and $1,500/oz. Considering the break into new high ground, prices do not look too extended above the uptrend line, or indeed the 100 week moving average. At the previous peak at $1,032.50/oz prices were $333 above the average, at the $1006/oz peak they were $195 above and now prices are $149 above the average. That’s an average distance of $225/oz which could see this peak rise up towards $1,120/oz. More to the point the fact a new high has been set suggests the uptrend is intact.
Monthly Summary:
Having just set new highs it is difficult to say anything other than that Gold is looking bullish and not overbought. Fabrication demand is weak and will be even weaker now and that puts more emphasis on investors. However, our big picture outlook remains bullish for Gold. We would not be surprised to see corrections get underway in equities and industrial metals and that is likely to rub off negatively for the precious metals as a risk reduction is likely to hit all markets. Never-the- less, if the reflex move is to sell Gold we feel the secondary reaction will be for more investors to look to Gold to provide a safe haven.
Market Commentary
Gold opened at 987.00/988.00 in New York. Better than expected home price data provided a lift to equities and commodities in general, taking gold up to 993.00/994.00 in early trade. Weaker then expected consumer confidence knocked us back down to the 988.00 after which we saw a slow grind higher for most of the morning. We continued the move higher in the afternoon, trading up to 996.00/997.00 as the dollar lost ground and equities recovered. We closed the day at 993.00/994.00.
Technical Commentary
Gold has moved higher today to the current 993. This is the first up day following 4 down days that brought the unit from 1019 to 986 on the correction. The 990 level remains our technical line in the sand on a close basis. That level has held on a close since we broke higher on Sept 2/3. We remain bullish while 990 holds looking for another move back to 1024. A close below 990 will turn the focus back to the 960/970 area.
Technical Analysis
Pivot – USD991.57
Primary Support (Buy) – USD986.23
*BUY = Buying more Gold to Maximum your investment.
Primary Resistance (Sell) – USD998.13
*SELL = Selling your GOLD investment to gain Profit.
Technical Analysis
Pivot – USD998.22
Primary Support (Buy) – USD977.46
*BUY = Buying more Gold to Maximum your investment.
Primary Resistance (Sell) – USD1,011.15
*SELL = Selling your GOLD investment to gain Profit.
Market Commentary
Gold opened at 992.00/993.00 in New York. Short covering in front of this morning’s economic data helped the metal rally to an intraday high of 996.50/997.50. However much weaker than expected durable goods caused equity markets to retreat and gold followed. The metal was quickly swept lower, triggering stops, reaching a low of 984.00/985.00. Gold recovered marginally from its lows, trading erratically in a range, finding resistance near 993.00. It became range bound as the session unwound, finally settling at 989.75/990.75.
Technical Commentary
Gold—The broader gold uptrend remains in tact, however shorter term technicals are warning of further downside for the metal. The MACD has crossed below the signal line, generating a sell signal; and the candle pattern is warning of further downside. However, gold has yet to even test its 50 or 100-day moving average (967.33 and 953.30, respectively) and these levels should serve as support.
Technical Analysis
Pivot – USD998.22
Primary Support (Buy) – USD977.46
*BUY = Buying more Gold to Maximum your investment.
Primary Resistance (Sell) – USD1,011.15
*SELL = Selling your GOLD investment to gain Profit.
Market Commentary
Gold opened at 1015.50/1016.50 in New York. Better than expected jobless claims helped equity markets to rally and gold followed, peaking at 1019.00/1020.00. However the metal quickly became well offered and slipped off its highs. Existing home sales fell short of expectations and equities tumbled along with oil and gold. Good selling continued to drag it lower, triggering stops, and pushing it to an intraday low of 992.25/993.25. It recovered marginally from its lows and traded quietly within a range as the session unwound, closing at 997.00/998.00.
Technical Commentary
Gold took a material drop lower today to current 995. The 1019 level held today for the third day in a row so the metal was liquidated lower on the failure trade. This is the biggest down day in gold since June. We believe the 990 level is key support on a close basis as it has held since Sept 3. Intraday the unit dealt as low as 983 on Sept 10.
Technical Analysis
Pivot – USD1,001.57
Primary Support (Buy) – USD984.11
*BUY = Buying more Gold to Maximum your investment.
Primary Resistance (Sell) – USD1,012.31
*SELL = Selling your GOLD investment to gain Profit.
Blanchard and Company’s Chairman and CEO Donald Doyle is interviewed about investing in gold.
ANSWER:
GOLD SOLD FOR USD750 on November 19, 2008, So TODAY USD950 an above.
Net Profit Sell Today: USD200 per coin, 1 oz (31.1gm)
If you have 5 coin (5 oz) x USD200 = USD1,000 / MYR3,600
The price shown is not including Rare & Scarce coin that will give more numismatic value.
Gold Monthly Review – AUGUST 2009
Posted by: swissgold on: August 19, 2009
Gold’s pull back held above $900/oz and the rebound has made
steady progress, prices have twice breached resistance at $965/oz.
- Physical demand saw some improvement, but the pickup was not widespread, there may now be areas of pent-up demand.
- The dollar’s slide continues and this is a major driving force for the precious metals. Longer term, further dollar weakness looks likely.
- ETF holdings have fallen, but this may not be as negative as it first seems. Funds, however, have increased their exposure.
- Prices look well placed to rechallenge $1,000/oz and we remain bullish over the medium term.
Technical Gold Summary
Having dropped to $905/oz in early July, prices started to rebound and have made steady progress. Indeed prices have moved up through key resistance at $965/oz. This looks constructive and raises the prospect of a challenge of further supply at $990/oz, $1,006/oz and ultimately the record highs at $1,032/oz. Pressure now seems to be building up beneath the former up trend line and the retaining line which are both positioned at around $979/oz. With the 100 dma also providing support again and still generally rising, the rebound looks set to continue.
Monthly Gold Summary
Despite strong rallies in equities and weak physical demand, Gold is performing well. The dollar is under pressure and with the Fed unlikely to be able to reverse its ultra loose monetary policy any time soon, further dollar weakness is expected. This might cause wider problems for the financial markets and therefore once again raise demand for safe haven assets. Likewise equities seem to be running ahead of the economic fundamentals, so a correction looks overdue. In this environment, Gold could rise strongly into uncharted waters.
Gold Daily Update – Tuesday 18 August 2009
Posted by: swissgold on: August 19, 2009
Market Commentary
Gold opened at 935.75/936.75 in New York. Lower than expected housing starts and producer price index reports caused equity markets to tumble, sending gold downwards to its intraday low of 933.50/934.50. A weaker USD and recovering oil prices helped the metal rebound from its lows as it climbed to an intraday high of 939.25/940.25. Gold traded lightly as the session unwound, finally settling at 937.00/938.00.
Technical Commentary
Gold is closing slightly up today at 938 after two heavy days of selling. The 941 level still looks like near side resistance with risk for a drop back to 926. It will take a close back above 948 to neutralize the short term bearish price pressure.
Technical Analysis
Pivot – 938.99
Primary Support (Buy) – 929.60
Primary Resistance (Sell) – 947.64
The Best Ways to Invest in Gold
Posted by: swissgold on: August 14, 2009
#1 Investment – Gold Bullion
Physically owning the metal is the most direct and traditional method of investing in gold. In some countries, gold bullion can be bought and sold at major banks. In most regions, however, bullion dealers provide the services necessary to purchase physical gold.
Gold bullion is generally sold in two main forms, bars and coins.
Gold bars are available in various weights, generally ranging from one ounce to one kilogram. There are approximately 100 active gold refiners around the world whose bars have earned “good delivery” status from one or more of the associations and exchanges. Johnson Matthey, Pamp Suisse, and Credit Suisse are among the most popular.
Gold coins are another way to invest in physical gold. Priced according to their weight and purity, coins often carry a slightly higher premium than gold bars. Among the most popular are the American Gold Eagle, American Gold Buffalo, Canadian Gold Maple Leaf, Australian Gold Nugget, South African Krugerrand, Chinese Gold Panda, and Austrian Gold Philharmonic. All of these coins contain one troy ounce of gold— except the American Gold Eagle, which is only 91.67% pure gold.
Both gold bars and gold coins are priced according to their weight and purity, but they always carry a premium above spot gold prices. We recommend investing in Gold Bars because the premiums are always lower than Coins.
Gold is working up the gumption to walk through $1,000 for the third time in this historic climb, Fools are encouraged to step into a broader understanding of the 10 Fundamental Factors behind the metal’s gilded outlook.
1. The United States is awash in a sea of trillions.
2. Derivatives are falling from a massively frothy peak.
3. As spending skyrockets, government revenue is set to contract sharply.
4. Quantitative easing is a very slippery slope.
5. The U.S. dollar is set for a sustained decline.
6. Inflation Looms.
7. A question of confidence.
8. Gold remains cheap.
9. Gold is relatively scarce.
10.The ultimate safe haven.
Gold Daily Update – Monday 11 August 2009
Posted by: swissgold on: August 11, 2009
Market Commentary
Gold opened on its highs at 953.00/954.00 and was quickly swept lower, triggering stops, tumbling to an intraday low of 942.00/943.00. It recovered marginally from its lows and traded lightly within a range. The metal became bid during the early afternoon, finding resistance near 950.00. It lost ground as the session unwound, finally settling at 944.50/945.50.
Technical Commentary
Gold is weak on the dailies, falling again today, but finding support just above its 50-day moving average at $941.67. The 50-day is reinforced by the fact that it corresponds to the 38.2% Fibonacci retracement of the April to June up move, off strong support at the multiple April lows at $865.50, the last of which now constitutes multi-month trend support. Should the 38.2%/50-day level give way, we next see strong support holding in at the 50% Fibonacci retracement of the previously mentioned up move, corresponding to the 100-day moving average at $927.50.
Technical Analysis
Pivot – 951.45
Primary Support (Buy) – 937.55
Primary Resistance (Sell) – 959.40
Gold Daily Update – Friday 31-July-2009
Posted by: swissgold on: August 1, 2009
Market Commentary
Gold opened at 936.00/937.00 and ticked lower on light selling, reaching 931.50/932.50 before climbing on the back of good investor demand. Resistance was established near 943.00 and the metal traded sideways within a narrow range. However a slumping dollar and rallying oil inspired heavy buying, triggering stops, driving gold higher. Within seconds it spiked to an intraday high of 957.50/958.50, before pulling back and finally settling at 953.25/954.25.
Technical Commentary
Gold staged a very strong 20 dollar rally today to current 954. The week is showing as an “up week” for the third session in a row in a move that started down at 905. Topside resistance lies at Fibonacci level at 960 followed by June high 990. Gold was weak for the whole week dealing down to 926, the 100 day moving average.
Technical Analysis
Pivot – 945.35
Primary Support (Buy) – 933.92
Primary Resistance (Sell) – 962.98
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