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
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