Hello Guest, if you are reading this it means you have not registered yet. Please take a second, Click here to register, and in a few simple steps you will be able to enjoy all the many features of our fine community. Note that lewd or meaningless nicknames are prohibited (no numbers or letters at random) and please introduce yourself in the section for you to meet our community.
100-bonus-benefit
pcm brokers pcm brokers
Page 60 of 74 FirstFirst ... 1050585960616270 ... LastLast
Results 591 to 600 of 735

Thread: GOLD

  1. #591
    Senior Trader
    Join Date
    Apr 2015
    Location
    UAE
    Posts
    261
    Post Thanks / Like
    Credits
    800
    My Language
    English
    Why does the Fix exist?

    In the late 19th century, the Bank of England needed the brokers it used to find a price for huge shipments of gold coming daily from Australia and South Africa. Today the Fixing members undertake to accept orders in any size, all dealt at that single market-wide price.

    This is a valuable alternative to the 'spot' market, where the price of large bullion bars is agreed only in a unique deal between one buyer and one seller at a time. The huge volume of business done at the Fix also adds great stability to a wider market increasingly led by derivatives trading in futures and options.

  2. #592
    Senior Trader
    Join Date
    Apr 2015
    Location
    UAE
    Posts
    261
    Post Thanks / Like
    Credits
    800
    My Language
    English
    The Gold Report: The price of gold is flirting with a five-year low. Do you attribute this solely to the strength of the US Dollar, or are there other factors at work?

    There are other factors. Most important is the strength of the equity markets. Looking at a six-year window, we have seen, for the third time in the last hundred years, the highest returns for such a period. This happened before in 1929 and 1999. These phenomenal returns have been fueled not by fundamentals but rather by the US Federal Reserve, which is trying to jumpstart the economy.

    All this has taken people's eyes off gold, but it won't go on forever.

    The bear market in gold equities is now four years old. This means lower gold production and less exploration. Gold production from South Africa has collapsed. Shouldn't lower gold production result in a higher gold price?

    Yes, but it's not always linear. The amount of gold mined annually is relatively small compared to total gold supply. That is one of the reasons some people argue that the mines don't matter that much. But I think on the margin they do.

    South African gold production has fallen. And not that long ago, the central banks were selling 400-500 tons per year of gold to the market. Now, they're buying 400-500 tons. China is the world's largest gold producer, but it's not exporting. We can see what's happening and be invested for it, but we don't know when lower supply will lead to higher prices.

  3. #593
    Senior Trader
    Join Date
    Jun 2013
    Location
    USA
    Posts
    396
    Post Thanks / Like
    Credits
    3,374
    My Language
    English
    Gold - 06.04.2015

    Technical level for gold, next immediate resistance above at $1236.80, $1246 and $1285.80 levels. Downside immediate support below at $1194.80, $1180.50 and $1178.20 levels.
    Trend overall looking slightly bullish.

  4. #594
    Moderator
    Join Date
    Jan 2014
    Posts
    771
    Post Thanks / Like
    Credits
    1,807
    My Language
    English
    As gold found support on Monday after Fridays weaker jobs report, and NY Fed President William Dudley’s dovish comments, that may support upside potential for Yellow metal.

    Gold’s break over the technical 50-day moving average of US$1209/oz and 100-day moving average of $1212 an ounce may have invited buying from momentum investors.

    Furthermore, a weaker U.S. dollar provided underlying support for bullion. There may be more scope for bullion to rally.

  5. #595
    Senior Trader
    Join Date
    Apr 2015
    Location
    UAE
    Posts
    261
    Post Thanks / Like
    Credits
    800
    My Language
    English

    Gold Production Statistics by Top Countries

    China 420 Metric Tons
    Australia 255 Metric Tons
    United States 227 Metric Tons
    Russia 220 Metric Tons
    Peru 150 Metric Tons
    South Africa 145 Metric Tons
    Canada 120 Metric Tons
    Mexico 100 Metric Tons
    Uzbekistan 93 Metric Tons
    Ghana 85 Metric Tons
    Brazil 75 Metric Tons
    Papua New Guinea 62 Metric Tons
    Indonesia 60 Metric Tons
    Chile 55 Metric Tons

    Although gold production can be an important source of a nation's income stream, it is relative to each nation's economy and its population base.

    As an example consider US production of 227 tonnes.
    This is roughly 6 million ounces and at $1200 in USD per ounce, it totals roughly $7.2 billion.
    Current estimates of the 2014 GDP for the USA is about $17.5 trillion*.
    Works out to about 0.0004%.
    A nation's aggregate wealth should only be looked at from the analysis of its citizen's contributions to over-all productivity.
    Again using the USA as an example: $17.5 trillion (GDP) divided by 316 million (total US population) returns a average per capita GDP contribution of $55,000 and change. That is man, woman, child and the grand-parents in their rest-home/ retirement village. Now if we precompute this with a 90 million working population, we are left with an average GDP contribution of just under $200,000 per worker.

    Perhaps the major flaw resides in the definition of GDP?
    Attached Images Attached Images

  6. #596
    Senior Trader
    Join Date
    Apr 2015
    Location
    UAE
    Posts
    261
    Post Thanks / Like
    Credits
    800
    My Language
    English

    Gold Production Statistics by Top Countries
    China 420 Metric Tons
    Australia 255 Metric Tons
    United States 227 Metric Tons
    Russia 220 Metric Tons
    Peru 150 Metric Tons
    South Africa 145 Metric Tons
    Canada 120 Metric Tons
    Mexico 100 Metric Tons
    Uzbekistan 93 Metric Tons
    Ghana 85 Metric Tons
    Brazil 75 Metric Tons
    Papua New Guinea 62 Metric Tons
    Indonesia 60 Metric Tons
    Chile 55 Metric Tons.

    Although gold production can be an important source of a nation's income stream, it is relative to each nation's economy and its population base.

    As an example consider US production of 227 tonnes.
    This is roughly 6 million ounces and at $1200 in USD per ounce, it totals roughly $7.2 billion.
    Current estimates of the 2014 GDP for the USA is about $17.5 trillion*.
    Works out to about 0.0004%.
    A nation's aggregate wealth should only be looked at from the analysis of its citizen's contributions to over-all productivity.
    Again using the USA as an example: $17.5 trillion (GDP) divided by 316 million (total US population) returns a average per capita GDP contribution of $55,000 and change. That is man, woman, child and the grand-parents in their rest-home/ retirement village. Now if we precompute this with a 90 million working population, we are left with an average GDP contribution of just under $200,000 per worker.

    Perhaps the major flaw resides in the definition of GDP?
    Attached Images Attached Images

  7. #597
    Golden Trader
    Join Date
    Jun 2013
    Location
    www.instagram.com/fxcma
    Posts
    2,489
    Post Thanks / Like
    Credits
    8,259
    My Language
    English
    Gold 14/04/2015

    Gold price traded with clear negativity since morning to move away from 1200.00 level, and there are signals for a negative double top pattern on the four hours’ time frame, and its neckline broke at 1192.50, being aware that the full targets of this pattern surpass the critical support at 1181.00 to reach to 1160.00. On the other hand, stochastic moves in the oversold levels to support the strength of the critical support at 1181.00, which breaking it represents a continuation key for the bearish bias in the upcoming period and stops the suggested positive scenario in our last reports. Therefore, we prefer staying aside now in order to monitor gold price behavior according to the critical levels represented by 1181.00 support and 1205.00 resistance. Expected trading range for today is between: 1175.00 support and 1225.00 resistance.
    Expected trend for today: Depends on the above mentioned levels


  8. #598
    Moderator
    Join Date
    Jan 2014
    Posts
    771
    Post Thanks / Like
    Credits
    1,807
    My Language
    English
    Gold prices came off the lowest levels of the session on Tuesday, after data showed that retail sales in the U.S. rose less than expected last month.

    On the COMEX division of the NYMEX, gold futures for June delivery touched an intraday low of $1183.70 a troy ounce, the weakest level since April 1, before trading at $1190.30 during US morning hours, down 0.75%

    A day earlier, gold declined 0.44%, to close at $1199.30. Futures were likely to find support at $1180.50 and resistance at 1224.50.

    The disappointing data’s from U.S. sparked fresh concerns over the strength of the economy, fuelling uncertainty over the timing of a rate hike.

    The US dollar index which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.25% to trade at 99.49.

  9. #599
    Golden Trader
    Join Date
    Jun 2013
    Location
    www.instagram.com/fxcma
    Posts
    2,489
    Post Thanks / Like
    Credits
    8,259
    My Language
    English
    Gold 20/04/2015

    Gold price made an initial test to the morning mentioned neckline at 1208.50 and bounced from there, where the price affected by stochastic negativity, which heads towards the oversold levels, in attempt to gain positive momentum on the intraday time frames.
    Until now, we keep our bullish trend expectations, which depend on the stability above 1191.00 and the most important above 1181.00 levels, reminding you that breaching 1208.50 level will provide the most important motive to push the price towards achieving gains that begin at 1225.00, followed by 1235.00 then 1244.00.
    Expected trading range for today is between: 1180.00 support and 1230.00 resistance.
    Expected trend for today: Bullish


  10. #600
    Moderator
    Join Date
    Jan 2014
    Posts
    771
    Post Thanks / Like
    Credits
    1,807
    My Language
    English
    Greece’s uncertain future in the Eurozone, global quantitative easing, loose monetary policies and continued demand out of Asia will all provide much needed support for the gold market, but these factors might not be enough to create another bull market.

    Anyway prices to fall over the next two years as investors leave the marketplace.

    Negative rates will continue to drive flow into USD credit, supporting both the house view of ongoing USD strength and our unchanged generally subdued gold price outlook.

 

 
Page 60 of 74 FirstFirst ... 1050585960616270 ... LastLast

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Powered by vBulletin® Version 4.2.4
Copyright © 2017 vBulletin Solutions, Inc. All rights reserved.
Credits System provided by vBCredits II Deluxe v2.1.1 (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.
Feedback Buttons provided by Advanced Post Thanks / Like v3.3.0 Patch Level 2 (Lite) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd. Runs best on HiVelocity Hosting.
All times are GMT +4. The time now is 05:36 AM.
CompleteVB skins shared by PreSofts.Com