Friday, January 31, 2014

Gold Price Forecast 31 January 2014

Good by Mr. Ben Bernanke
Ben Bernanke’s term as Chairman of the Fed comes to a close, and the the Janet Yellen era begins now. Janet Yellen is going to have a Very Tough time. Hope She will do better than all the Goldman Sachs Boys,the FED & Treasury. We welcome Janet.
US economy grew at an annual rate of 3.2 % in the last quarter of 2013. It is a pleasant news But the main question stands here is, we can sustain this growth or not. Investors are pulling money from ETF at the fastest rate on record due to China’s sluggish growth and central-bank cuts. Redemptions got acceleration after contracted Chinese manufacturing data and Argentina’s unexpected devaluation of its peso. Interest rate increased by central banks in Turkey.
Bloomberg data shows that More than $7 billion drifted from ETFs investing in developing-nation assets in January. This figure is the biggest since the securities were created. A lot of speculative money has been moving in the emerging markets. The iShares MSCI Emerging Markets ETF assets shrink by 11 %. Vanguard FTSE Emerging Markets ETF is poised for the biggest monthly redemption since its beginning i.e. 2005.
Please click here for full article and gold trading signals

Thursday, January 30, 2014

Gold Price Forecast 30 January 2014

In the FOMC's statement yesterday Fed did taper after all. Fed said it would reduce its securities purchase by $10 bn total, knocking $5 bn of its present $40 bn monthly US Treasury bond buying and $5 bn from its $35 bn Mortgage Backed Securities purchases.

Gold price hold 1250 level in a good manner in simple words another range bounded . In recent attempt Gold failed to clear $1,278 If price holds above this barrier we expect a retest a resistance at $1,278 per troy ounce. A break above this level will smooth the ways to $1,293. The resistance has been provided by the 61.8% Fibonacci projection level of an upward wave c or wave 3.
Please click here for full article

Tuesday, January 28, 2014

Gold Price Forecast 28 January 2014

tocks market buying in the S&P 500 stock index (SPX) posted new nominal record highs in 69 out of 252 trading sessions in 2013. Aggressive boostings in SPX value attracted investors. Traders stock dumped their GLD-ETF shares to shift that capital into general stocks. The higher the SPX moved the more Traders wanted to buy in to include the flow, and the gold prices fell lower and lower till 1180 per troy ounce.
gold price forecast
gold price forecast

Gold price moved negatively yesterday. Continue reading