Twelve bullish factors for gold in 2012

Jeff Nichols still believes that gold prices will go above $2000/oz in 2012. He forecasts $2000 levels in the first half of 2012 and in the longer term, the yellow metal is expected to ride higher to $3000, $4000, $5000. Because of the following twelve factors, he still believes in a yellow metal rally in 2012.


Twelve bullish factors for gold in 2012
 
--Past and prospective U.S. Federal Reserve monetary policy, characterized by low or negative real rates of interest and unprecedented central bank monetary creation.

--The U.S. federal government budget impasse, rising U.S. sovereign debt, and eroding U.S. creditworthiness.

--The expected future depreciation of the U.S. dollar in world currency markets . . . and the continuing decline in the dollar’s purchasing power for American consumers.

--The growing insolvency of some European nations - leading to the disintegration of Europe’s Monetary Union and the eventual abandonment of Europe’s common currency, the euro, by at least some of the EU member countries.

--The expected acceleration of global inflation - fueled by excessive monetary creation, world population growth, and changing diets in favor of more meat and protein . . . and led by persistently high and rising agricultural and industrial commodity prices from one country to the next.

--The increasing political instability in the Middle East and North Africa . . . as authoritarian regimes are overthrown . . . but sectarian divisions in some countries prevent orderly transitions to democracy . . . with implications for world oil supplies and prices. And then, of course, there is Iran - which remains an unpredictable “wild card.”

--The growing affluence of the “emerging-economy nations” and the associated growth in both jewelry and private investment and savings demand for gold - especially here in China - as well as India and other gold-friendly countries.

--The development and popularity of new Gold investment vehicles and channels of distribution - especially gold exchange-traded funds - that facilitate physical gold investment by both retail and institutional investors.

--The legitimization of gold as an investment class and rising investor participation . . . together reflecting a growing appreciation of the benefits of including physical gold in a well-diversified portfolio . . . and the entry of new, large-scale, professional investors - including pensions, endowments, insurance companies, sovereign-wealth funds, and especially hedge funds.

--The “stickiness” of much of the recent private sector and central bank gold demand. This is shrinking the available “free float” in the world gold market . . . and it means that less metal will be available to gold-hungry buyers, except at increasingly higher prices. Indeed, many of today’s new investors have no intention of ever selling, even at much higher prices.

--- Eleventh bullish factor, one that I believe is especially important to the long-term development of the gold market - is the affect this rising wealth is having on emerging-economy central banks . . . prompting some countries that are over-weighted in U.S. dollars and underweighted in gold to diversify their official reserves through the prudent acquisition of the yellow metal.

--And, twelfth in my catalog of bullish factors supporting a continuing long-term rise in the price of gold is the fact that world gold-mine production, although growing, will not keep pace with the expected growth in global gold demand. Even a rash of new mine discoveries would take five to 10 years - or more - to contribute significantly to supply . . . and, meanwhile, existing resources are being depleted, nationalized by unfriendly governments who tend not to be good mine operators, or are simply mined out.

Silver investment will certainly pay off

The Silver market is not trending as expected but surely it's not in the doldrums either. The silver prices are hovering around a rather steep range of $32-36 a ounce to $50 a ounce. But according to experts, the demand for silver will continue to grow as industries ask for added ounce of the metal for medicinal and industrial usage.

Experts estimate that more than half of the demand for silver comes from industries who love the metal for its unique qualities as a good conductor of electricity, good transfer agent, a good reflector of light and also a brilliant lubricant and flexible catalyst and alloy. The traditional silver market is not going great guns but yet the industrial demand is keeping the silver usage market firmly grounded.

Industrial uses
One of the major requests for silver comes from the solar industry where its use in solar panels is seeing an expansive growth. With the Japanese nuclear disaster still afresh in everybody's minds, people are realizing the scope and environmental safety renewable energy sources offer. The future of silver demand in the solar market reflect in the figures itself which has increased from 2 million ounces to about 50 million ounces in 2010.

In fact this year the demand is expect to reach the pinnacle of 70 million ounces, a 40% increase. This is because China and India are planning to expand their solar industry to 20 gigawatts and 30 gigawatts respective by 2020. The US plans to tread the same path as China as it charts to expand solar capacity to 30 gigawatts by 2020. Experts feel solar usage could reach 130 million ounces per year around 2014 and continue through 2020. In 2010, production of Silver was 750 million ounces.

Medicinal uses
The medicinal uses of silver will never end to exist as silver based bandages, artificial pacemakers, anti-bacterial and anti-microbial clothing all are dependent on the precious metal. It's also used in sportswear to lessen body odour, in food packaging and in cloth of medical faculty.

To conclude, it is interesting to note the silver price volatility as it fluctuates depending on the global developments. The silver spot price chart is the key to the theory of one world economy where every country's economy is affected by another's and is interlinked. Currently the prices on silver are surging as debt concerns in the US and Europe keeps the worries tab up ~Kyles Humphreys~

Forecast For 2012

Restock !!

A bullish outlook for gold next year, but nevertheless anticipates further strength in the U.S. dollar going into the New Year may be the next test for the yellow metal. Unlike previous periods of risk aversion that occurred in 2009 and 2010, this time U.S. dollar strength is not being accompanied by strong inflows into physically backed gold ETFs, said Deutsche Bank in its final weekly commodities report of 2011.

According to bank, liquidation in Comex Gold over the past couple of months appears to be drawing to a close, although currency trends could trigger yet another round of speculative liquidation. Overall, gold has outperformed other precious metals in recent months.

Looking ahead, Deutsche Bank wrote: “We expect the conditions that have driven gold returns higher over the past 11 years will persist into 2012, namely negative real interest rates, a high U.S. equity risk premium and central-bank buying.”

The bank is forecasting $1,750 gold in the first quarter of 2012, $1,850 in the second quarter, then $2,000 in the third and fourth quarters. For silver, Deutsche Bank is forecasting $37 in the first quarter, $39 in the second and $44 in the third and fourth quarters.

Think about silver before investing

When I first discovered why I should buy Silver and protect myself from the coming devaluation of our currencies, it still took me a few months to act because there is a lot of misinformation surrounding this precious metal. This article will help those that are still unsure about buying silver by laying out the facts about what has been dubbed as perhaps the greatest investment opportunity of our lifetime.

If you are paying attention you will have noticed that Gold has been increasing steadily in value since the beginning of the last decade. This trend is set to continue throughout this decade as smart investors realize that gold is a protection against inflation and the destruction of the purchasing power of all currencies.

If gold is set to rise, then shouldn't you be buying it? Perhaps, but many people believe that silver is a far better profit opportunity due to some astonishing fundamental reasons.

(1) The Gold-Silver ratio: Throughout history the ratio between gold and silver has been in the range of 12:1 to 16:1. What this means is that for every ounce of gold you would be able to exchange it for 12 to 16 ounces of silver. This was generally the case because there is approximately 12 to 16 times more silver in the earth's crust than there is gold.

Although this ratio has remained quite constant, the current ratio is 50:1. With one ounce of gold you can currently buy a whopping 50 ounces of silver. What this means is that silver is currently extremely undervalued compared to gold. As gold gains in value over this coming decade, silver will gain even more as the ratio of Silver to Gold reverts to the mean. This provides a massive profit potential for those that are informed. Here is a good resource to learn more about this ratio -Silver to Gold Ratio.

(2) Above ground supply: In 1950 there was 10 billion available above ground ounces of silver. By 1980 that number shrank to 3.5 billion ounces. Now in 2011 it is estimated that above ground supply has dropped to approximately 500 million to 700 million ounces.

The reason that the supply of silver is shrinking is because it has become the second most used commodity in our society. Currently there are around 10,000 applications for silver including but not limited to; electronics, photography, jewelry, mirrors, and solar panels. The only commodity with more applications is oil which currently has about 30,000 applications.

(3) Non-recyclable: Silver is used in 10,000 applications but almost all of these applications use microscopic amounts of silver. For example most computers use approximately 1/10th of an ounce of silver. At $30 per ounce that silver has a value of $3 and is thus not economically viable to retrieve. As a result most silver is not-recycled and is lost to landfills forever. This only places more pressure on the supply side.

In conclusion, most people are putting their cash into this precious metal because of the coming inflation but there are many other reasons for investing in silver such as the reasons listed above. As with any investment there are risks that you should consider, so do your homework, and good luck! ~Conor Hughes~

Owning silver means you profit whether the economy tanks or not

NEW YORK (Commodity Online): Buying Silver is a no brainer as far Jim Rogers is concerned. And why not? Considering that governments are printing money, silver will prove to be a very good bet.

In a recent CNBC interview, Rogers says - “Throughout history, when things have gone wrong, they print money…when they print money, you should own silver, you should own rice, you should own real assets. Gold could go down a fair bit more…but I’m certainly going to buy more gold if it goes down and silver.”

“I’m long commodities and currencies, because if the world gets better, the shortages in commodities will make sure I make money. If the world economy doesn’t get better, I’d rather own commodities because they’re [central banks] going to print money.” he added.

Bottom line – you profit in both ways whether the economy slips into recession or the economy rebounds and grows

He noted that the MF Global fiasco has created a temporary forced selling in the markets and this will provide an opportunity for buyers to accumulate more silver.

Though he remained uncertain as to the magnitude by which Gold and Silver will fall, he however remarked that he will be ready with his chequebook if silver and gold fall further.

Stephen Leeb, the noted American economist, had earlier said that he expected silver to hit at least $100/oz

Halaqah TV9 : Dinar Emas

Walaupun video ini agak panjang durasinya namun, ia amat berbaloi untuk ditonton jika berbandingkan dengan nilai ilmu yang akan disampaikan. Semoga ilmu yang dikongsikan akan bermanfaat.

Alhamdulillah...saban hari semakin ramai masyarakat kita yang mulai sedar kepentingan Emas & Perak sebagai medium untuk bermuamalat dan penyimpan nilai kekayaan sebenarnya. 

Sudah terlalu lama kita dimomokkan oleh permainan Yahudi yang memanipulasikan angka-angka nilai fiat (duit kertas) di pasaran saham mahupun di bank-bank seantero dunia (dimana kita kononnya menyimpan wang fiat kita sebagai asset masa hadapan). Sedar atau tidak, inflasi terus menekan nilai wang fiat menjadikannya semakin kecil dan lambat laun tidak bernilai dek sifat tamak manusia yang kononnya menggelar diri sebagai kuasa ekonomi dunia.

Namun, dunia kian berubah..segala yang haq pasti akan terungkap jua akhirnya. Emas & Perak (atau lebih dikenali sebagai The God money) terus menjadi buruan bagi mereka-mereka yang mempunyai ILMU kerana "intrinsic value" yang ada pada kedua-dua logam ini dan nilainya yang hampir stabil sepanjang zaman. Emas & Perak sesuai dijadikan sebagai simpanan(asset yang bernilai) atau sebagai medium untuk bermuaamalat.

Semoga lebih banyak pendedahan dan pendidikan dalam media massa arus perdana tentang ilmu ekonomi Islam dapat dikupas dengan harapan dapat membuka mata lebih ramai insan-insan yang masih ragu-ragu diluar sana untuk mempersiapkan diri menghadapi kegawatan ekonomi yang bakal melanda dunia tidak lama lagi. Tidak dilupa juga menjadi tugas kita, untuk sama-sama menyampaikan ilmu yang kita miliki agar dapat kita setidak-tidaknya menyelamatkan ekonomi diri,keluarga dan ummah.

Print or Die

NEW YORK : Someone's going to print a boatload of money—and soon. And when that happens, assets like Gold and oil will rise in price. This is not a guess. It is a fact. We are already seeing the wise guys and speculators get their early bets in.


They will do it in Europe with some kind of ultra massive TARP program. The French and Germans have already knocked on every door, looking to borrow the specie they need to keep an entire continent solvent. It just ain't happening. (Heck, the Chinese laughed in their faces and told them to work harder..hehe..)

That's why European bond prices are spiking. No one in their right mind wants to lend to these guys when a 50% haircut—at best!—is lurking right around the corner.

Seriously, entire governments are falling here. They're not just on the fringe anymore. And the central bankers who are replacing various heads of states are left with only one last trick: printing trillions of new euros.

This will, of course, dramatically reduce the value of the euro. That's one of the points of the whole devilish exercise (the other being to print the very cash required to pay these bills).

You borrow a euro that's worth $X. You pay back a euro that's worth $3/4X. And your creditor puts up with it so as to avoid a complete default that would net him pennies on the euro.


We're Going to Do It, Too

Now, don't go getting all chest-thumping proud and jingoistic about all this. Because we are going to do it here, too.

According to the San Francisco Federal Reserve Bank, the European fiasco now has better than even odds of tanking the U.S. economy in the first six months of 2012.

“A European sovereign debt default may well sink the United States back into recession. However, if we navigate the storm through the second half of 2012, it appears that danger will recede rapidly in 2013.”

And by "navigate," the bank only means one thing: "Invent enormous wads of new currency out of thin air."

Print or Die

Forget about terms like QE1 or QE2 or QE3. Dollar creation is now a permanent part of Washington policy.

The Fed has already declared that it will continue "lending" dollars to American banks at 0% and buying up every bond the treasury sees fit to print for the foreseeable future.

And that was back when they were only fighting "slow growth."Now they are "navigating an odds-on recession" slated to hit just as voters are deciding whether or not this government will fall.

What's more, when the Europeans start printing, it will force the euro down against the dollar—allowing them to export more easily into American markets and making it that much harder for us to sell goods into theirs.

It is an absolute lock that we will strike back with our own printing presses.

Once again, the politicians have no choice: It's either print away the awesome burden of our debts (and each and every Nickel you save or earn), or face political Armageddon.

The Wise Guys Are Already on Board. Dollar down, Gold and oil up. Period.

Source: theaureport

Gold Investing News

“If gold is not between $1,500 and $2,000 in the next 18 months, I’m dead wrong.”
That was John Embry, Sprott Asset Management’s chief investment strategist, speaking to Mineweb’s Geoff Candy in August of 2010.

The price of gold was regaining the $1,200 level it had first breached in November of 2009 and the market was abuzz with bullish fever over expectations of further quantitative easing measures by the US Fed. News that China was seeking to expand its gold market also added to the excitement. The People’s Bank of China had announced it would allow more commercial banks to import and export gold as well as participate in trading at the Shanghai Gold Exchange.

Embry based his price forecast on a lack of optimism for a “sustainable economic recovery in the western world” and the belief that governments would continue to resort to “throwing so much money at this, it’s going to make your head spin.”

According to a poll Gold Investing News conducted following Embry’s prediction, our readers were just as bullish if not more so. Over 35 percent of the 373 respondents felt Embry was “spot on!” while another nearly 35 percent said gold would reach much higher than $2,000 an ounce.

Although at the time Embry’s forecast for gold near the $2,000 level in 2012 seemed a bit optimistic to some analysts, he may have even undershot the mark. Just over a year later, the price of gold reached a record $1,923 an ounce — before falling back below $1,800 last week. Although the yellow metal is struggling to maintain that level for now, many analysts believe gold could soon reach $2,000 an ounce and move even higher in 2012.

Major institution’s 2012 gold price predictions
Many of the world’s major financial institutions are now calling for the price of gold to reach $2,000 an ounce and higher in 2012.

Barclays Capital
“We expect prices to average $1,875 per ounce in the fourth quarter 2011 and $2,000 per ounce on an annual average basis in 2012 as the macro insecurity persists, investor appetite remains positive and central banks are set to remain net buyers while the physical market continues to provide support at increasingly higher levels,” said Barclays Capital analyst, Suki Cooper.

Citigroup
If sovereign debt woes explode, gold may “briefly spike” to between $2,000 and $2,500 an ounce over the next year, remaining above an average $1,200 in the long-term, said Citigroup Inc.

Commerzbank
“I believe gold will still be a very heavily demanded safe-haven trade,” says Axel Rudolph, Commerzbank technical strategist, who believes gold may reach $2,000 in October on “another crisis.”

GFMS
According to the most recent Thomson Reuters GFMS Gold Survey 2011 update, gold could “easily” reach above $2,000 an ounce by the end of this year on continuing sovereign debt concerns and volatility in the currency markets. “We expect a major increase in world investment in the second half of this year.”

HSBC
HSBC is forecasting a gold price of $2,025 an ounce for 2012 and $1,850 an ounce for 2013. “We believe gold’s 10-year bull market remains firmly intact, despite high volatility, with prices up 29 percent already this year,” said the global banking and financial services company. “The euro zone debt crisis, currency wars, and deep uncertainty among investors are among the factors driving prices higher.”

Morgan Stanley
According to Morgan Stanley analysts, gold has about an 85 percent chance of trading between $1,819 an ounce and $2,085 an ounce in 2012.

Societe Generale
“We expect investor momentum to take gold through $2,000 an ounce before the end of 2011,” says Societe Generale. The bank sees the price of gold reaching $2,275 an ounce in 2012. “The gold market is underpinned by the ‘grass roots’ demand and this appears to be remarkably resilient.”
TD Securities

TD Securities expects gold “to hit highs of well above $2,000/oz. in the coming months on lower bond yields, expectations of poor risky assets returns and general risk aversion owing to uncertain global economic conditions.” Its gold forecast puts the yellow metal at $1,975 in 2012 and $1,750 in 2013.

UBS
“Our expectations for gold in 2012 and beyond are governed to a large extent by our expectations for US interest rates and the health of the global economy,” said UBS, which has pinned its 2012 average gold price at $2,075 an ounce with a forecast of $1,725 for 2013.

Embry’s updated 2012 forecast
What’s Embry’s latest gold forecast?
“You never want a date and price in the same sentence — but I’m getting old and it doesn’t bother me anymore. I’d be real disappointed if gold wasn’t in excess of $2500 in the next 12 months,” said Sprott’s chief investment strategist in yet another interview with Mineweb’s Geoff Candy last month.
Embry poignantly summed up his take on what’s fueling the upward trend in gold prices while speaking with Business Television last week: “Everyone wonders where gold’s going and where silver‘s going, I prefer to look at where are currencies going? Today we’re in the later stages of yet another failed experiment in fiat papered currencies and they’re losing value at an alarming rate and as a result gold is rising in value denominated in these failing currencies,” explained Embry.

“That is the significance. It isn’t that gold is in a bubble because it’s up in price, it’s the fact that the currencies are falling in value almost every day.”

Seeing that Embry was “spot on!” with the 2012 gold price forecast he dished in 2010, it’s not hard to fathom that the investment guru may just be proven right again in the coming months.

Real Reason for NATO Attacking Libya EXPOSED !!

Gold a bubble?! What a joke

Gold prices crashed 20% and the “gold doomsdayers” were going head over heels at having “predicted” it. The next few years may well prove them absolutely wrong.


First of all you need to have a clear picture of what the nature of the Gold trend has been over the past decade, evaluate its “crashes”, understand the current economic climate and then look for yourself. And then you may see an opportunity when others see risk.

• Gold prices peaked to $1030 in March 2008, from whence it slumped to $685 in October, a decline of 33%
• In September 2011, gold prices once again peaked at $1920, and then crashed to $1530, a decline of 20%
  

What one needs to understand is why these two gold crashes occurred?

It happened simply because of investors de-leveraging their positions in order to meet their liquidity requirements. As simple as that.


Nothing fundamentally has changed

• The US is still weak, struggling and reeling under high unemployment and a stagnant economy.
• The Euro zone debt crisis is not going to end in a month or two. It is here to stay. 
• Global money supply in increasing by 8%-9% annually and fears of currencies depreciating will continue. And the national debts are piling up, be it the US, Europe or Japan

Gold outflows during the 2011 crash was minimal in those who hold physical positions. It was the futures market, trading on margins, that de-leveraged positions and further compounded by margin hikes.

Gold outflows in physically-backed Gold ETP's just registered a nominal $100 million in September when the prices crashed. At the end of September, holdings of physically backed - ETP's remained at around $120 billion!

In comparison, the speculative futures positions in COMEX gold has almost halved from the 2011 peak hysteria.

So what does this indicate? Gold is not dead. It is just sick. The price fall shook out the “hot money” from gold but those holding physical gold remain unshaken. (commodityOL)

Market Cycle

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Federal Reserved Menari Twist

Kalau anda tengok carta emas atau perak semalam, mungkin akan sakit jantung dibuatnya. Terutamanya perak, dari harga spot $40 terus menjunam ke $30. Tetapi setiap kali insiden pergerakan harga pasaran berlaku dengan mendadak, sudah pasti ada tangan yang tersembunyi cuba memanipulasi harga pasaran.

Kita perlu bertanya, kenapa harga menjunam ? Adakah ada lambakan bekalan ? Adakah ada instrumen lain yang lebih menarik yang menghasilkan pulangan yang lebih tinggi ?

Adakan semua ini boleh berlaku dalam masa 3 jam sahaja ??

Apa Sebenarnya Berlaku ?

Sehari sebelumnya, pengerusi Federal Reserved, Ben Bernarke membuat pengumuman untuk melancarkan Operation Twist. Secara ringkasnya operasi ini adalah untuk memanipulasi pasaran bond Amerika. (berita disini)

 

Kenapa pasaran bond ?

Bond secara umum merupakan satu sijil atau perjanjian yang dikeluarkan oleh kerajaan atau badan swasta untuk mengumpul dana untuk melaksanakan sesuatu aktiviti. Ianya seperti satu perjanjian pinjaman, dimana pembeli sijil ini akan dijanjikan pulangan balik dalam bentuk dividen tahunan.

Dalam kes Operation Twist hari ini adalah bond kerajaan.

Bond yang dikeluarkan oleh kerajaan biasanya stabil, dimana kerajaan negara tersebut akan membayar balik faedah tepat dan seperti yang dijanjikan. Ini menjadikan bond sebagai salah satu “safe heaven” terutamanya negara yang mempunyai status kredit yang tinggi seperti AAA (sebab itu bila US kena “downgrade” huru hara dibuatnya).

Kerana ianya stabil, ianya dijadikan sebagai rujukan piawai untuk agensi kredit seperti bank untuk menetapkan kadar faedah pinjaman. Jadi faedah pinjaman perumahan atau kereta anda ada hubung kaitnya dengan pulangan bond ini. (jadual bond Malaysia)

 

Matlamat Operation Twist

 

Jika anda selalu mengikut perkembangan US Dollar dan Federal Reserved terutamanya Ben Bernarke, anda boleh lihat idealogi yang digunakan ialah

Ekonomi berkembang dengan berbelanja.
Bermakna, wang mesti terus bergerak didalam sistem kewangan untuk memacu pembangunan ekonomi. Dan dalam kamus Federal Reserved, berbelanja = pinjam lebih banyak wang.

Dan untuk mencapai matlamat ini (mengalakan pinjaman) faedah mesti rendah.
Pulangan bond agak pelik, tetapi saya tidak akan huraikan disini. Ada banyak sumber lain anda boleh rujuk seperti disini. Umumnya bila harga bond naik, pulangannya turun dan begitu juga sebaliknya.

Perlaksanaan Operation Twist adalah dimana Federal Reserved akan menjual bond jangka masa pendek untuk mengumpul dana. Dana ini kemudianya akan digunakan untuk membeli bond jangka panjang.

Jadi mengunakan konsep “supply and demand”, apabila bond jangka masa pendek dijual dengan banyak akan berlaku lambakan. Ini akan menyebabkan harganya jatuh dan pulanganya meningkat.

Dan apabila bond jangka masa panjang banyak dibeli dengan banyak, menyebabkan kekurangan bekalan. Ini akan menaikan harga bond tersebut dan menurunkan kadar pulangan.

Jadi apabila Federal Reserved berbuat demikian, pulangan bond jangka masa pendek naik dan jangka masa panjang menurun, dan secara teorinya akan meneutralkan (purata) pulanganan bond dan menurunkan lagi kadar pulangan bond, terutamanya jangka masa panjang.

Rajah dibawah adalah ilustrasi dimana pulangan bond cuba dinuetralkan pada 2%

Apabila ini berlaku, kadar faedah pinjaman akan turut turun, dan mengalakkan lagi pinjaman.

Impak Kepada Orang Ramai (secara teori)

 

Apabila faedah semakin rendah, untuk orang kebiasaan seperti kita, ini akan mengalakkan kita untuk membiayai semua pinjaman rumah dengan faedah lebih murah atau mendapakan pinjaman peribadi dengan kadar yang lebih menarik. Atau peniaga untuk mendapatkan pinjaman yang lebih baik untuk mengembangkan perniagaan

 

Apa Yang Berlaku Petang Semalam ?

 

Sehari selepas Ben Bernarke mengumumkan Operation Twist, pasaran emas dan perak terus merundum. Manakala USD bertambah kuat.

Jadi pada pendapat saya, memandangkan Ekonomi Eropah yang semakin tenat, semasa pasaran London dibuka petang semalam, pelabur dari Eropah berpusu-pusu memindahkan asset pelaburan mereka dari Euro ke USD. Kerana mereka berpendapat Operasi Twist ini sedikit sebanyak akan memberi pulangan yang lebih berbanding pelaburan asset di Eropah.

Pemindahan asset ini menyebabkan permintaan USD yang meningkat menyebabkan harga pasaranya mengukuh.

 

Adakah Ianya Akan Berhasil ?

Ramai yang tindakan ini tidak akan berhasil kerana pulangan bond US sudah terlalu rendah. Berapa rendah lagi mereka boleh pergi untuk mendapatkan impak maksima ?


Cara ini pernah dilakukan sebelum ini pada tahun 1960, namun ianya hanya menurunkan kadar faedah sebanyak 0.15%.

Pada pendapat saya, ini hanya sementara kerana ianya satu bentuk manipulasi atau penipuan. Ianya tidak akan bertahan lama.Usah tergugat dengan permainan angka pihak barat.


p/s : Tidak ramai yang berjaya menjangkakan pasaran emas @ silver akan jatuh sejauh ini. Kebanyakan dari kita hanya mengambil sikap tunggu dan lihat atau hanya 'gamble' menjualkan asset kita. Ini kerana kebanyakkan indikator-indikator gagal menunjukkan sebarang hasil yang memuaskan. Jika anda tergolong dalam pelabur@pemegang emas fizikal sempat menjualkan emas anda pada harga yang tinggi dahulu dan berjaya membeli semula dengan harga yang lebih rendah itu adalah bonus buat anda. Namun, sekiranya tidak..usah anda khuatir..usaha anda menukarkan fiat anda sebenarnya juga telah menguntungkan anda. Ingat menyimpan emas dan perak ini adalah untuk middle and long term investment.

by : petibesi

Technical Analysis 26/09/2011

Gold
The trading range for this week is among the key support at 1492.00 and key resistance now at 1785.00.
The general trend over the short term basis is to the upside targeting 1945.00 per ounce as far as areas of 1475.00 remain intact with weekly closing.

Support: 1575.00, 1540.00, 1525.00, 1490.00, 1475.00
Resistance: 1610.00, 1635.00, 1648.00, 1673.00, 1702.00

Silver
The trading range for this week is among the key support at 22.50 and key resistance now at 31.20.
The short-term trend is to the downside targeting 26.65 as far as areas of 48.50 remain intact.

Support: 27.15, 26.10, 25.55, 24.95, 24.25
Resistance: 28.85, 29.15, 30.20, 30.85, 31.20

Speculators bring gold prices down, to resume uptrend soon !!

NEW YORK (Commodity Online): Speculators who pushed up Gold prices to record highs have brought the prices down but the yellow metal may begin its comeback sooner rather than later, possibly in the next few days, according to Jeff Nichols, renowned precious metals economist and Managing Director of American Precious Metals Advisors.

Although physical demand in world bullion markets remained firm, it seemed to me that the price was moving up too fast too soon as institutional speculators extended their “long” positions in “paper” derivative markets, he said.

"Now - rather than any dramatic reversal in world physical markets - it looks like the precipitous price decline in recent days can be blamed entirely on these same speculators (including some prominent hedge funds and the trading desks of the big Wall Street banks) reversing their positions or cashing out of gold altogether.

Nothing that has occurred in the past few days in any way diminishes my long-term enthusiasm about gold-price prospects.  The same bullish gold-market fundamentals and macroeconomic trends that I have been discussing for many years now remain in place and promise significantly higher Gold prices over the next five years or longer.

Admin comments : 

The correction in gold prices has been modest at 15% so far and it is not unusual considering the pace of growth in prices this year.

Reason that gives an impact to gold price:

1) Gold falling victim to excessive volatility

Over the last month gold has made a new record high twice but has also been exposed to three 100+ dollar corrections. This has at least near-term reduced the safe haven flows as the increased volatility has made it increasingly difficult to trade and has prompted some gold bulls moving to the sideline to wait for lower prices and hopefully calmer trading conditions. 

2) During the same time investors in ETFs and futures have reduced exposure to gold by nearly 300 tonnes to 2,935 tonnes as cash and/or bonds have met increased demand.

3) U.S. government and its allies in Western Europe strive to suppress the price of gold so that market can remain active.( check this )

However there is still some evidence that give us some hint the gold price will shoot up again after this correction.

1) Malta bought 3,000 ounces of gold

European central banks have become net buyers of gold for the first time in more than two decades, the latest sign of how the turbulence in the currency and debt markets has revolutionized the bullion market. Malta has bought 3,000 ounces of gold. Mexico, Russia, South Korea and Thailand have all made large purchases this year, in a move to reduce their exposure to the dollar. Globally, central banks are set to buy more gold this year than at any time since the collapse of the Bretton Woods system 40 years ago — the last time the value of the dollar was linked to gold. European central banks have added about 25,000 ounces, or 0.8 tonnes, of gold to their reserves in the year to date, according to data from the European Central Bank and the International Monetary Fund.

2) Israel issues first gold coin (recently 21/09/11)

The Israel Coins and Medals Corp. on Wednesday unveiled the first Israeli gold coin, coinciding with Jerusalem Day. The gold coins are valuable as collector’s items and as financial investments. The Tower of David edition will be limited to 3,600 coins. In addition, there is a strict limit of five gold coins per customer. The coins in the series are now legal tender and are issued by the Bank of Israel. 

Take this opportunity of correction time to buy as many gold as u can, so that there will be no regrets in future !!

Russia Says IMF Chief Jailed For Discovering All US Gold Is Gone

Sekadar berkongsian artikel mengenai permainan ekonomi di barat. Telah tiba masanya untuk kita bertindak dan bersedia menghadapi zaman kemelesatan ekonomi  dunia (dunia kian berubah -kuasa baru akan muncul-).  Bertindaklah segera wahai sahabat, nilai duit kertas semakin luntur..kuasa membeli semakin berkurang..harga barangan semakin mahal..kadar inflasi semakin tinggi..ini semua antara tanda-tanda kehancuran monopoli ekonomi dibarat telah bermula. Berpeganglah kepada sesuatu yang lebih bernilai dan diterima secara universal (logam-logam berharga-emas&perak). Moga kita sentiasa berpegang kepada AlQuran & AsSunah dan moga kita sentiasa berada dalam lindungan payungNYA.

Abu Bakr ibn Abi Maryam reported that he heard the Messenger of Allah, [may Allah bless him and grant him peace] say: "A time is certainly coming over mankind in which there will be nothing [left] which will be of use, save a dinar and a dirham(GOLD and Silver)" - Musnad Imam Ahmad ibn Hanbal.

'sharing is caring'

By: Sorcha Faal, and as reported to her Western Subscribers
 
A new report prepared for Prime Minister Putin by the Federal Security Service (FSB) says that former International Monetary Fund (IMF) Chief Dominique Strauss-Kahn [photo with Putin top left] was charged and jailed in the US for sex crimes on May 14^th after his discovery that all of the gold held in the United States Bullion Depository located at Fort Knox [photo 2^nd left] was ‘missing and/or unaccounted’ for.

According to this FSB secret report, Strauss-Kahn had become “increasingly concerned” earlier this month after the United States began “stalling” its pledged delivery to the IMF of 191.3 tons of gold agreed to under the Second Amendment of the Articles of Agreement signed by the Executive Board in April 1978 that were to be sold to fund what are called Special Drawing Rights (SDRs) as an alternative to what are called reserve currencies.

This FSB report further states that upon Strauss-Kahn raising his concerns with American government officials close to President Obama he was ‘contacted’ by ‘rogue elements’ within the Central Intelligence Agency (CIA) who provided him ‘firm evidence’ that all of the gold reported to be held by the US ‘was gone’.

Upon Strauss-Kahn receiving the CIA evidence, this report continues, he made immediate arrangements to leave the US for Paris, but when contacted by agents working for France’s General Directorate for External Security (DGSE) that American authorities were seeking his capture he fled to New York City’s JFK airport following these agents directive not to take his cell-phone because US police could track his exact location.

Once Strauss-Kahn was safely boarded on an Air France flight to Paris, however, this FSB report says he made a ‘fatal mistake’ by calling the hotel from a phone on the plane and asking them to forwarded the cell-phone he had been told to leave behind to his French residence, after which US agents were able to track and apprehend him.  

Within the past fortnight, this report continues, Strauss-Kahn reached out to his close friend and top Egyptian banker Mahmoud Abdel Salam Omar to retrieve from the US the evidence given to him by the CIA. Omar, however, and exactly like Strauss-Kahn before him, was charged yesterday by the US with a sex crime against a luxury hotel maid, a charge the FSB labels as ‘beyond belief’ due to Omar being 74-years-old and a devout Muslim.

In an astounding move puzzling many in Moscow, Putin after reading this secret FSB report today ordered posted to the Kremlin’s official website a defense of Strauss-Khan becoming the first world leader to state that the former IMF chief was a victim of a US conspiracy. Putin further stated, “It’s hard for me to evaluate the hidden political motives but I cannot believe that it looks the way it was initially introduced. It doesn’t sit right in my head.”  

Interesting to note about all of these events is that one of the United States top Congressman, and 2012 Presidential candidate, Ron Paul [photo bottom left] has long stated his belief that the US government has lied about its gold reserves held at Fort Knox.  So concerned had Congressman Paul become about the US government and the Federal Reserve hiding the truth about American gold reserves he put forward a bill in late 2010 to force an audit of them, but which was subsequently defeated by Obama regime forces.  
When directly asked by reporters if he believed there was no gold in Fort Knox or the Federal Reserve, Congressman Paul gave the incredible reply, “I think it is a possibility.”

Also interesting to note is that barely 3 days after the arrest of Strauss-Kahn, Congressman Paul made a new call for the US to sell its gold reserves by stating, “Given the high price it is now, and the tremendous debt problem we now have, by all means, sell at the peak.”

Bizarre reports emanating from the US for years, however, suggest there is no gold to sell, and as we can read as posted in 2009 on the ViewZone.Com news site:
“In October of 2009 the Chinese received a shipment of gold bars. Gold is regularly exchanges between countries to pay debts and to settle the so-called balance of trade. Most gold is exchanged and stored in vaults under the supervision of a special organization based in London, the London Bullion Market Association (or LBMA). When the shipment was received, the Chinese government asked that special tests be performed to guarantee the purity and weight of the gold bars. In this test, four small holed are drilled into the gold bars and the metal is then analyzed.
Officials were shocked to learn that the bars were fake. They contained cores of tungsten with only a outer coating of real gold. What's more, these gold bars, containing serial numbers for tracking, originated in the US and had been stored in Fort Knox for years. There were reportedly between 5,600 to 5,700 bars, weighing 400 oz. each, in the shipment!”

To the final fate of Strauss-Kahn it is not in our knowing, but new reports coming from the United States show his determination not to go down without a fight as he has hired what is described as a ‘crack team’ of former CIA spies, private investigators and media advisers to defend him.

To the practical effects on the global economy should it be proved that the US, indeed, has been lying about its gold reserves, Russia’s Central Bank yesterday ordered the interest rate raised from 0.25 to 3.5 percent and Putin ordered the export ban on wheat and grain crops lifted by July 1^st in a move designed to fill the Motherlands coffers with money that normally would have flowed to the US.

The American peoples ability to know the truth of these things, and as always, has been shouted out by their propaganda media organs leaving them in danger of not being prepared for the horrific economic collapse of their nation now believed will much sooner than later.    

© May 31, 2011 EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked back to its original source at WhatDoesItMean.Com

Salam Lebaran dan Maaf Zahir Batin

Assalamualaikum dan salam sejahtera rakan-rakan,,,

Rasanya masih belum terlambat untuk saya mengucapkan selamat hari raye dan maaf zahir batin kepada semua yang beragama Islam. Maaf kerana dah lama x update blog ini,,al maklum le cuti raya katakan,,,^_^

So dikesempatan ini saya nak berkongsi satu artikel yang saya rasa agak menarik dan penting untuk kita ketahui tentang pelaburan emas ini. Banyak artikel-artikel di internet yang menyatakan bahawa harga emas kini berada di dalam kedudukan bullish@ dalam bahasa mudahnya terlalu tinggi. Namun tahukah kita sebenarnya nilai duit fiat@duit kertas terutamanya dollar amerika (USD), sebenarnya melampaui nilai bullish emas itu sendiri (lebih tinggi 5-10 x ganda dari nilai dolar yang sebenarnya). Ini kerana kerajaan amerika terus menerus mencetak duit untuk memeriahkan pasaran saham di Amerika. Al hasilnya, duit kertas USD terus menerus susut nilainya belum. Kesan yang paling mudah ialah harga barangan terus menerus meningkat kerana dek inflasi yang melambung (masih banyak lagi kesan2 lain yang kita sedari mahupun yang tidak kita sedar).

Mungkin cerita yang saya kongsikan diatas ini sudah ramai yang tahu,,hehe,,xpe,,kerana itu bukan cerita utama yang saya ingin kongsikan.

Cuba lihat hutang USD yang TERBARU (14 TRILLION) , belum termasuk hutang lama ye  :

Ini baru masuk cerita2 undergound yang best untuk dikongsikan bersama,,,

So, untuk mengelakkan dari susutnya nilai dolar dan euro dimata masyarakat dan untuk terus menyemarakan pasaran saham dunia (SAHAM= sebenarnya hanya perubahan angka dalam acc,,xada duit fizikal yang bertransaksi sebenarnya), kuasa2 utama dunia sebenarnya MENEKAN HARGA EMAS SUPAYA HARGANYA TERUS STABIL DI TAHAP RENDAH,,Ya,,RENDAH,,!!

Kenapa US (yang kononnya kuasa ekomoni dunia) berbuat demikian. Jawapan sungguh mudah, ia untuk menampakkan yang nilai USD itu tidak terlalu jauh perbandingannya dengan harga emas. So sebenarnya harga emas masih ditahap normal bukannya bullish seperti yang dikatakan. Ia hanya mainan media untuk membantu mengstabilkan nilai dolar itu sahaja. Rakan2 boleh merujuk kenyataan dari artikel wikileaks dibawah :

China knows about gold price suppression, and U.S. knows China knows (Wikileaks - 2009 cable)

6:47p ET Saturday, September 3, 2011

Dear Friend of GATA and Gold:

China knows that the U.S. government and its allies in Western Europe strive to suppress the price of gold, and the U.S. government knows that China knows, according to a 2009 cable from the U.S. Embassy in Beijing to the State Department in Washington.

The cable, published in the latest batch of U.S. State Department cables obtained by Wikileaks, summarizes several commentaries in Chinese news media on April 28, 2009. One of those commentaries is attributed to the Chinese newspaper Shijie Xinwenbao (World News Journal), published by the Chinese government's foreign radio service, China Radio International. The cable's summary reads:

"According to China's National Foreign Exchanges Administration, China's gold reserves have recently increased. Currently, the majority of its gold reserves have been located in the United States and European countries. The U.S. and Europe have always suppressed the rising price of gold. They intend to weaken gold's function as an international reserve currency. They don't want to see other countries turning to gold reserves instead of the U.S. dollar or euro. Therefore, suppressing the price of gold is very beneficial for the U.S. in maintaining the U.S. dollar's role as the international reserve currency. China's increased gold reserves will thus act as a model and lead other countries toward reserving more gold. Large gold reserves are also beneficial in promoting the internationalization of the renminbi."

It's hard to believe that, two years later, China is still leaving so much of its gold with the Federal Reserve Bank of New York and the Bank of England when even little Venezuela has publicly figured out the gold price suppression component of the Western fractional reserve banking system and is attempting to repatriate its gold from the Bank of England and various Western bullion banks:

http://www.gata.org/node/10281

http://www.gata.org/node/10286

It is already a matter of record that China dissembled about its gold reserves for the six years prior to the public recalculation of its gold reserves in April 2009 that prompted the commentary in Shijie Xinwenbao. At that time China announced that its gold reserves were not the 600 tonnes it had been reporting each year for the previous six years but rather 76 percent more, 1,054 tonnes:

http://www.gata.org/node/9545

ZeroHedge, which seems to have broken the story of the Beijing embassy cable this evening, comments:

"Wondering why gold at $1,850 is cheap, or why gold at double that price will also be cheap, or, frankly, at any price? Because, as the following leaked cable explains, gold is, to China at least, nothing but the opportunity cost of destroying the dollar's reserve status. Putting that into dollar terms is, therefore, impractical at best and illogical at worst. We have a suspicion that the following cable from the U.S. embassy in China is about to go not viral but very much global, and prompt all those mutual fund managers who are on the golden sidelines to dip a toe in the 24-karat pool."

The ZeroHedge commentary can be found here:

http://www.zerohedge.com/news/wikileaks-discloses-reasons-behind-chinas-...

In addition to fund managers throughout the world, this cable may be of special interest to the gold bears CPM Group Managing Director Jeff Christian, who says he consults with most central banks and that they hardly ever think about gold, and Kitco senior analyst Jon Nadler, who insists that central banks have no interest whatsover in manipulating the gold price.

In fact, of course, gold remains the secret knowledge of the financial universe, and its price is actually the determinant of every other price and value in the world.

The Beijing embassy cable can be found here:

http://cables.mrkva.eu/cable.php?id=204405

So kepada yang masih teragak2 untuk membeli emas@menunggu harga jatuh (fluctuation dalam harga pasaran emas tetap ada kerana pemain2 saham yang besar tetap menyimpan dalam bentuk emas sebagai salah satu dari portfolio pelaburan mereka), anda boleh berbuat demikian namun diharapkan agar anda tidak terlalu berharap harga yang rendah kerana potensi harga emas untuk mencecah USD2250-USD3000 adalah besar dalam waktu-waktu yang terdekat ini.

Emas Jatuh? Benarkah?

Salam buat teman-teman,

Elakkan membaca banyak berita tentang kejatuhan emas, supaya kita tidak terjerat dengan harga yang tidak pasti akibat panik harga semakin menyusut.

Emas masih tetap menjadi medium simpanan pelaburan paling selamat dalam abad ini dan akan datang disebabkan:

1. Emas masih menjadi piilihan ramai dan pada bulan September 2011 terutama pembelian secara besar-besaran dalam kalangan penduduk India dalam bentuk barang kemas kerana bermulanya musim perkahwinan di sana (Austin Kiddle, Penganalisis Sharps Pixley di pasaran London Broker)

2. Emas melindung nilai dari bahang inflasi yang masih membahang sekarang. Ini disebabkan faktor iklim tidak menentu telah menyukarkan makanan utama di sesebuah negara dapat dikeluarkan seperti diharapkan. Ditambah dengan faktor bencana alam di sana sini dan peperangan saudara di Asia Barat yang masih belum selesai masih merumitkan perkembangan ekonomi global yang sihat.

3. Ramai penganalisis seluruh dunia yang terlibat dengan emas telah mengubah harga ramalan emas pada tahun ini, dari berakhir tahun 2011 emas diakhiri dengan USD1750/oz, meningkat kepada USD1900/oz dan terkini ada yang meramalkan harga emas dicapai sehingga USD2000 hingga USD3000/oz seperti yang pindaan harga ramalan emas oleh bank besar Citygroup dan UBS( Claudia Assis and Chris Oliver, MarketWatch)

4. Austin Kiddle, seorang penganalisis yang berpangkalan di London broker hari ini (Rabu) yang menjalankan perniagaan Sharps Pixley, mengatakan bahawa penurunan harga mendadak emas semasa adalah "lebih kepada pengambilan untung daripada mengambil langkah keluar dari wilayah yang selamat." Ini bermakna pelabur-pelabur mengeluarkan profit dan kembali semula bila ada isu-isu baru yang menyokong kenaikan harga emas.

Manakala Jon Nadler, Penganalisa Kitco Metals pada hari Selasa berhujah bahawa ramai spekulator mengalihkan pelaburan emas ke dalam pertaruhan berisiko, walaupun beberapa penganalisis meramalkan emas pada $ 2,000 ataupun $ 3,000/oz. (Myra Saefong)

Faktor-faktor memungkinkan kenaikan harga emas ialah:

1. Faktor harga emas yang rendah mengembalikan kerancakan pasaran emas.
2. Pengumuman data US Jobles dan Persidangan Jackson Hole.

UpDate 19/08

GOLD

Support: 1835.00, 1830.00, 1815.00, 1803.00, 1795.00
Resistance: 1853.00, 1862.00, 1872.00, 1880.00, 1888.00


SILVER

Support: 40.40, 40.10, 39.75, 39.50, 39.10
Resistance: 41.10, 41.30, 41.85, 42.05, 42.50

Emas terus meroket..

As Salam,,
Rasanya masih belum terlambat untuk mengucapkan Salam Ramadhan Al Mubarak..

Syukur alhamdulillah,,bagi peminat@penyimpan@pelabur emas,,pastinya anda tersenyum lebar dengan melonjaknya harga emas bermula semalam.

Ini disokong dengan krisis ekonomi dan institusi kewangan di EU (eropah). Eropah berpotensi menghadapi krisis perbankan yang serupa dengan Amerika Syarikat, yang menyebabkan pelabur untuk meningkatkan pegangan pertahanan mereka. Kemungkinan impak negatif memperlahankan pertumbuhan ekonomi yang akan membawa kepada inflasi yang lebih rendah, namun  ini tetap tidak mampu menafikan kebimbangan pelabur terhadap krisis global lain

Eropah kini berhadapan dengan krisis perbankan pada skala apa yang Amerika Syarikat melihat pada tahun 2008, dan Amerika Syarikat sendiri menghadapi kelembapan ekonomi yang fatal. Pasaran belian emas yang kukuh dari China, India dan beberapa negara lain menunjukkan bahawa pelabur mulai bersedia menghadapi krisis kelembapan ekonomi global.  

Teruskan menyimpan dan melabur dalam portfolio emas dan perak sebagai persediaan menghadapi krisis-krisis yang bakal mendatang. Kepada yang masih ragu-ragu untuk mulai, belian asset fizikal usah tunggu harga turun. Ini kerana pembelian asset fizikal ini tetap menguntungkan pada apa jua harga, 'jangan tertinggal bas, yang semakin melaju ini'


Berikut hasil analisis dan target pasaran untuk esok hari 19/08 untuk dikongsi bersama...


Emas

Support: 1785.00, 1779.00, 1770.00, 1760.00, 1755.00
Resistance: 1800.00, 1815.00, 1830.00, 1845.00, 1853.00






Silver

Support: 40.10, 39.75, 39.50, 39.10, 38.80
Resistance: 40.40, 40.90, 41.10, 41.30, 41.85

Jangkaan Pasaran 18/08

Emas.

Support: 1779.00, 1770.00, 1760.00, 1755.00, 1742.00

Resistance: 1795.00, 1800.00, 1815.00, 1830.00

Perak

Support: 39.50, 39.10, 38.80, 38.25, 37.95
Resistance:40.10, 40.50, 40.90, 41.10

*ini bkn ramalan ye,,sekadar analysis technical untuk menjangka pasaran semasa

CNBC : Return to the Gold Standard?

With gold surpassing record highs in recent sessions, some experts argue governments could re-introduce a return to the gold standard where countries would peg their currencies to the value of gold at a certain level.

Tom Grill | Iconica | Getty Images

"I think we will easily break $2000 per ounce within a year. The way to think of the gold price is to think of it as a currency against which other currencies depreciate," Irakli Menabde, M2 precious Metals told CNBC Monday.

Although the future of gold as a safe haven remains secure at least in the short term, the ability for it to retain record highs consistently rests on a number of wider macro-economic factors as well as being more attractive than other currencies and bonds.

"When we look at currencies, the Swiss franc has the safe haven status because of its past links with gold. It's assumed safe haven status because it was one of the last currencies to get off the gold standard.

"The money that has been going into the Swiss franc and coming out of it now will likely find its place in the gold market," he added.

Menabde said despite the rapid rise of gold in recent weeks – it hit $1813.79 last Thursday -value remains in the commodity which has yet to see its peak.

"Gold's greatest strength is that it has no default process, no liability. When I hear the word bubble around gold I would argue that it is as undervalued as it was in 2001 and what we are experiencing here is just a re-rating of gold....The problem is we have run out of capital and the system is bankrupt, we are at a monetary juncture.

We are likely to see very high inflation rates in the future and perversely gold could go even higher if we go into a default situation," Ben Davies, CEO at Hinde Capital told CNBC Monday.


My technical analysis 17/08 :

GOLD
Support: 1760.00, 1755.00, 1742.00, 1735.00, 1720.00
Resistance: 1770.00, 1779.00, 1785.00, 1800.00, 1815.00

(silver xsempat nk analyze,,sorry,,tp rasanya remains between 39-40.05 USD/oz )

Technical Analysis 16/8

Silver
Support: 38.75, 38.25, 37.95, 37.30, 36.60
Resistance: 39.35, 39.75, 40.10, 40.40, 40.90

Gold
Support: 1735.00, 1720.00, 1707.00, 1687.00, 1681.00
Resistance: 1755.00, 1760.00, 1770.00, 1779.00, 1800.00

Technical Analysis

Gold

Despite drawing a bearish candlestick formation that sent the metal lower towards 1732.00 zones, but the sharp rebound from there to the current level was so impressive confirming the IM-impulsive- nature of the present wave. The secondary image of the four hour interval is evidence that, the metal has found a solid support around the aforesaid support levels. This support succeeded n assisting gold in creating a bullish four hour shape. In fact, breaching through 1782.00 will be a vey positive indication, but we will be neutral today once more since risk versus rewards ratio is very high.

The trading range for today is among the key support at 1694.00 and key resistance now at 1830.00.
The general trend over the short term basis is to the upside, targeting $ 1888.00 per ounce as far as areas of 1475.00 remain intact with weekly closing.

Support: 1755.00, 1740.00, 1735.00, 1720.00, 1707.00
Resistance: 1770.00, 1779.00, 1800.00, 1815.00, 1830.00