Sep 25, 2010

Gold hits record above $1300 , silver at 30-year peak

pada 23 september 2010 artikel ini ditulis dalam

"Thin trade is seen in the physical market, partly as financial markets in China, Hong Kong, Japan and South Korea are closed on public holiday."Gold is now holding at the $1,290 level and clients are standing away from the market. It's surprisingly quiet with hardly anyone trading," said a Singapore-based dealer. Dealers said market players are holding off, waiting for gold to reach $1,300 level.


hari ini...

dalam news

LONDON (AFP) - – The price of gold struck an all-time high above 1,300 dollars an ounce on Friday after the dollar weakened following poor US data.
Gold hit a record 1,300.07 dollars an ounce at 1318 GMT on the London Bullion Market.

It had already reached an all-time high earlier on Friday, extending a recent record-breaking run, with the precious metal boosted by its safe-haven status amid an unclear economic outlook.

dan berita kedua

LONDON (AFP) - – Gold soared to a record high above 1,300 dollars on Friday, dragging sister metal silver to a 30-year peak as investment demand propelled precious metals higher.

Gold prices struck a record 1,300.07 dollars an ounce in afternoon trade on the London Bullion Market as investors sought a safe-haven for their money amid increased uncertainty over the global economic outlook.

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Sep 22, 2010

$2,500 Gold Could Easily Result In $178.50 Silver – Here’s Why!-Lorimer Wilson-SilverSeek

More than 95 respected economists, academics, analysts and market commentators are of the firm opinion that gold will go to $2,500 and beyond before the parabolic peak is reached. In fact, the majority (55) think a price of $5,000 or more - even as high as $15,000 - is actually more likely! As such, just imagine what is in store for silver given its historical price relationship with gold!

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Gold price to double in five years - Frank Holmes

Historically, September is a very good month for gold. On average, the price of the yellow metal rises around 2.5% from its August price.

But, according to Frank Holmes, it is not just during September that gold will do well, he is expecting the yellow metal to double in the next five years.

Speaking on the Gold Weekly podcast, Holmes, said, that is more than a "15% compound rate of return and that's far better than what you're going to expect from the stock market as a whole. The same thing is much higher than what you're going to get in a five year bond - a five year bond is paying you less than 2% - so the net in that one is that gold is becoming more attractive as a diversifier."
It is not, however, just its role as a diversifier, where gold is being supported according to Holmes.

He believes that there are two types of buyers of gold: one, he terms the price takers, who are "basically a buyer of gold for jewellery," which he says is an emotional reason to buy gold.
The second group, he calls the price makers. These are people who are buying gold as an investment and are, he adds, growing rapidly.
"This is predominantly because gold is basically looked and perceived more and more as a safe haven investment. The US, Western Europe and Japan are close to buckling under the weight of their own sovereign debt issues and government budget deficits remain large and persistent and, as a result, the major paper currencies is low."

He adds, it is in the seven most populous countries in the world where you find the strongest emotional attachment to the metal, while it is in the G7 countries where you find much of the investment buying.

As we head into September, it is the emotional buyer that has traditionally come to the fore as Ramadan, Diwali, Christmas and then Chinese New Year all follow on from each other. But, in the second quarter it was the investment segment that pushed the price up and there have been some comments about a decline in jewellery buying this year as a result of the higher prices - see story: India's love affair with faux gold..

Holmes admits that the higher prices do play a role but says it is more important to look at the volatility of prices. And, Holmes believes that this year, that same demand trend will continue, adding, that while a spike in gold will slow buying, just as quickly, a significant correction in prices results in a strong uptick.

"This demand from emerging countries if it's a really stop and fall off a cliff it's going to be because of economic developments," he says, rather than because of the price on offer.
But, while, such economic factors are possible, Holmes believes that the current lay of the land points to a bettering of the price of gold going forward.

Firstly, he says, on the investment front, more and more investors (including the likes of pension funds) are becoming interested in gold as an asset class because of the massive debt levels reported by governments around the world and, more importantly, negative real interest rates.
"Whenever you have negative real interest rates... you're fighting deflation and gold has always been a wonderful asset class when either you get big deflation or big inflation," he says.

But he cautions, " don't buy gold to get rich overnight, it's a great diversifier in a well balanced portfolio and the magic is to rebalance every year, to maintain that weighting which you feel comfortable - some are 25% - we've always advocated you should have a minimum of 10%."


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Sep 1, 2010

Buy Gold in August, expect good returns in next two months

Believe it or not seasonal factors do affect Gold price levels! This probably sounds counter intuitive initially. Investors and speculators can buy and sell Gold anytime regardless of the passing of the calendar year, so why does the time of year matter? The answer is quite logical. It matters because calendar seasons greatly affect gold investment demand.

These monthly seasonal tendencies reinforce the annual analysis. Summers, especially June and July, tend to be weak during the summer doldrums. August looks strong above in monthly terms, but realizes most of these gains merely offset July's big losses. But once summer passes, gold tend to rally on balance in most months except October. While they can drift lower other times, these non-summer pullbacks tend to be trivial.

August is the perfect time to stock up and prepare for the highly-probable large autumn (September) gold rally. Gold tends to rally sharply in autumn because of big Asian buying. After harvest, farmers can invest in gold once they know how big their profits are. And gold demand in India in particular, the world's largest consumer, rockets higher during autumn's festival season and marriages.

The bottom line is precious-metals stocks have exhibited very definite seasonal tendencies over the course of their secular bull. This is largely the result of gold demand spikes driven by income-cycle and cultural factors that are tied to the calendar year. While stock seasonal are often secondary drivers that can be temporarily overridden by short-term technical and sentimental extremes, prudent traders still pay close attention to these headwinds and tailwinds

Moreover, World Gold Council published report on Gold Demand Trends for Q2-2010, which suggests demand for gold will remain robust during 2010 as a result of accelerating demand from India and China, as well as increasing global investment demand driven by continuing uncertainty over public debt and economic recovery.

In the coming period, gold may rise further with more expected physical demand from India, the world's largest gold buyer, where festival season begins next week and ends in November.


"menyimpan emas asas kekayaan anda"

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