By Summer SaidDUBAI (Reuters) - Dubai, already the region's gold trade hub, may see the launch of the Middle East's first gold exchange traded fund (ETF) in 2008, a senior World Gold Council (WGC) official said on Monday."Gold trade in Dubai and the region is definitely booming and the market players need an ETF market to manage their risk and catch up with other international markets," said Moaz
Dear readers,This will probably be the last GCQ7 chart as gold futures contracts are rolled into December and October (GCV7, GCZ7). Hype is all over the place so sentiment indicator probably supports the case for some correction here, As previously mentioned USD is trying to bounce.August Gold - GCQ7 Intraday (120 min) Chart
Dear readers,The USD is looking oversold here and some bounce might be expected. If you add a channel the way I did, you can see that the USD index is at the bottom of the channel. In addition, the USD just tested the psychological important 80 level – this level was rarely violated, ever.USD Index Daily Chart (note the deep oversold condition of RSI 14)Try to avoid shorting the Yen as the crowed
Dear readers,Yet again, minor consolidation might be over; gold and silver should be ready to move higher. Just my opinion, only the time will tell.(SIU7) COMEX September Silver Intraday Chart (2 hours sticks)(ZGQ7) CBOT August Gold Intraday Chart (2 hours sticks)
First Japanese gold ETF due to launch Aug. 10sourceAs well as Small-Lot Gold Futures Trading on TOCOM(100 grams per lot , margin = 12,000 Yen)sourceKorea : The government plans to establish an exchange for gold as early as next year.By Lee Hyo-sikStaff Reporter"The government plans to establish an exchange for gold as early as next year to make gold transactions more transparent and discourage
Gold, Silver, Platinum & Palladium all up on the day. Two hours sticks chart of COMEX August gold contract looking very similar to the COMEX September silver chart I posted two days ago.
Markets normally lead the press…Japan Should Diversify Reserves, Abe Adviser Ito Says By Shigeki NozawaJuly 11 (Bloomberg) -- Japan, the largest overseas holder of U.S. Treasuries, should invest $700 billion of its currency reserves in higher-yielding assets such as stocks and corporate bonds, said Takatoshi Ito, an adviser to the prime minister.The reserves should be managed by a special fund
Not much change in the USD price of gold (xauusd) today. Gold futures traded and closed slightly higher but priced in Euro and Yen gold is actually down today. The Euro made a new all time high vs. the USD, EURUSD ~= 1.3740. Note that pre issued Euro high was EURUSD 1.4750, Long term (30 years) retro perspective EUR/USD chart.Marginal carry traders capitulated as the Yen rallied strongly. Be
It is always nice to see the price of gold performing well on a day when other currencies are basically idle. The price of gold climbed through several horizontal and diagonal resistance levels, the process was very quick. Gold charts of multiple time frames are now looking much better. Today just proves that buy and hold can work on some occasions, especially when quick mark ups are expected.
Some initial upward movement for the price of gold and silver. Not surprising as buy signal was generated by the HUI/GOLD ratio. Silver outperformed and closed at the high for the week. A slight uptrend is apparent on the intraday chart. As you probably know all trend lines are made to be broken and the shorter the time frame the larger the chance that a trend line will be broken. Anyway, markets
Dear readers,It is a given fact that gold reached a technical comfort zone. I find it funny to read commentary with price objectives slightly above, at or below gold mining break even point. It is a mystery how low the price of gold can be manipulated in a mission to hide competitive currencies devaluation on a global scale. All charts and ratios considered I estimate that a volatile markup for
Individual gold trade this monthBy Wang Lan (China Daily)Updated: 2007-07-04 08:51The beginning of gold trading by individual investors on the Shanghai Gold Exchange (SGE) later this month is expected to provide a welcome alternative at a time of high stock market volatility. -linkRTS Realtime Systems Group Offers Connectivity To Dubai Gold & Commodities Exchange03/07/07RTS Realtime Systems Group
Interesting times head as significant adjustments are in the works. Currencies, Silver Gold, Oil, Stocks all in the equation with the most controlled item actually needs to be Interest rates. Commodities continue to trade with a group and / or individual bias. Generally it might be the case that commodities are the best play as the long term (decades) cycle is probably most favorable for this
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