Showing posts with label Metals. Show all posts
Showing posts with label Metals. Show all posts
Gold supply demand analysis papersTwo reports, the first is by the World Gold Council (WGC) and GFMS, published each quarter.Gold supply demand analysis report IThe second report, the Yellow Book by Virtual metals / Fortis bank, published twice a year.Gold supply demand analysis report IIThe reports are worth reading and basically present the same information. However, each rely on different data
Spot gold moved higher to test the 50 daily moving average (DMA) and the 50% Fibonacci line. Gold formed a V bottom that few predicted. The trend line on the spot gold daily chart below implies that gold will make new multi year high no later then mid September. Obviously the 61.8% Fib zone which currently coincide with the 50 daily exponential moving average (EMA or MAE) will offer good support
Interesting story coming from Taiwan:2006/5/19The China Post staffTo melt or not to melt: That's the question.Well, it's the question of the day.What to melt?Small coins, of course, now that the prices of copper, nickel and aluminum have soared just as gold and silver did.Whether the melting has started in Taiwan on a scale large enough to cash in on the surge of metal prices is not known, but
Good year for Gold, Silver, Metals and most of the Commodity sector. Nice gains for the companies who dig for all the stuff we need. The global population is growing and developing countries need more basic materials to produce a higher standard of living.Don’t forget the commodities are just climbing out of a 20 years devastating bear market hole.I Don’t have any prediction for the paper Forex
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