Tag Archives: Gold

by | April 28, 2014 · 2:28 pm

Gold above $1,300,00.

 

Gold, Silver and Copper is down, but Crude Oil (brent) is up today. Copper is trading at $309,20, down -0,03%. Silver is trading at $19,61, down -0,52%. Gold is down -0,04%, trading at 1,300,30. Crude Oil (brent) is trading at $109,91, up +0,30%.

Gold

Nikkei is down -0,98%, trading at 14,288, but Europe is up today. It`s green all over. The Stoxx Europe 600 Index added 0,5%, led by health-care companies. AstraZeneca jumped 15% after Pfizer Inc confirmed its interest in taking over the U.K drugmaker for almost $99 billion.

 

U.S markets seems to open up today. That`s good after a big drop on Nasdaq on friday. Many tech stocks plummeted. Amazon slid nearly 10% on friday. I think that the investors didn`t like the guiding for the next months in Amazon.

 

Let`s follow the earnings right now. Many of the biggest blue-chips companies have beaten the investors estimates so far. That is pretty impressive, but not a surprise. Apple are earning big on their new expansion in China. A new big market have opened up.

 

With the FED meeting being held this week along with the U.S Labor Department releasing nonfarm employment data for April on Friday, it is expected not to see any big moves in the gold market. Let`s chech out the gold news this week. Gold is now above $1,300,00.

 

Reports today:

10:00 a.m EST Pending Home Sales m/m

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

 

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by | April 7, 2014 · 2:01 pm

Sell off on friday

A big drop for U.S tech stocks on friday. Nasdaq was down -2,60% on friday. S&P 500 -1,25% and the Dow -0,96%. Nikkei is also down today, together with the other Asian markets. Nikkei is down -1,69%.

Europe is also down today. Stoxx 50 is down -0,89%. FTSE 100 -0,71%. CAC 40 -0,72% and DAX -1,24%. At the same time, you can see the commodities trading down too. Gold is down -0,16%. Silver is down -0,33%. Crude oil (Brent) -0,95%, and Copper -0,13%.

Nadaq

(Nasdaq: Apris 4, 2014)

Many investors have talked about the valuations in the tech stocks for a while now, and many predicted a tech bubble was on the way. I wrote about it for some weeks ago, and I said Twitter was the most expensive stock in this universe.

52 Week high for Twitter is 74,73, and the stock traded down -2,07% on friday. Twitter is down about 50% from the top very soon. Marketers are embracing Facebook over Twitter, and they will rather go for Youtube and LinkedIn before Twitter.

Sometimes investors need to take some profit and friday was a great day for that. It seems like the U.S markets will open down today. I`m excited about the trading sessions, not only today, but for the rest of this week. Take a look at the dollar. It`s up!

Tech and biotech is so far the most popular sectors in 2014, but both of them slide now. Many tech stocks are trading down in Europe too. This is a great time for daytraders. I will follow the charts this week before I start my vacation on friday. Easter bunny is waiting.

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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by | April 2, 2014 · 1:58 pm

Gold at 7-week low

Gold is still declining from a technical sell signal and a weaker U.S dollar followed by ECB (European Central Bank) meeting is not pushing the gold higher. The ECB will probably do something to help boost the inflation, but it is still too early to see any action now.

Gold

Eurostats reported on monday that annual consumer inflation fell to 0,5%, and that`s the lowest since November 2009. A drop from 0,7% in February. If ECB don`t do something about it now, EUR/USD could break above $1,40 and hit $1,50.

The ECB will probably wait and see what`s happening with the inflation. The drop from 0,7% to 0,5% is significant. The correlation between Euro and Gold has been very strong so far.

As the inflation drops dangerously low, Mario Draghi will probably start to announce some kind of a quantitative easing, or some stronger forward guidance, but it could be too early to do that this week.

ECB can lose its monetary policy if they stop absorbing the liquidity. They used to purchase government bonds, and sterilizing it will have a huge impact on the money supply. It will neutralize their impact on the supply and then lower the risk of inflation.

We saw a sell signal on gold at $1320 and gold prices are down -3,0% since the signal told us to sell. Look out for $1250 on gold. That will be a profit target. Gold hits its 7-week low in lack of bullish news.

Many traders are awaiting for the U.S jobs reports on Friday. This is the most important U.S economic report of the month. In the Euro zone, the Markit manufacturing PMI came in at 53,0 last month, down from 53,2 in February.

Next level to look for in Gold is $1250. If it break that level, the bearish down-trend continue. I will look for $19 in silver which is the bears next near-term downside breakout price. Copper is up 0,99% today. Trading at $306,45. Next bull upside level is $310.

Today, I will look at the economic report at 08:15 a.m EST. That news will show us that U.S economic recovery is on track or not. European stocks gains before the report today. S&P 500 is little changed after the gauge closed at a record yesterday.

Reports today:

08:15 a.m EST ADP Nonfarm Employment Change.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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by | March 19, 2014 · 1:09 pm

FOMC Press Conference

Asian stocks fell today as investors are waiting for the Federal Reserve`s policy statement. The FOMC (Federal Open Market Committee) will end a two-day policy meeting today, after data yesterday indicated the U.S home-building industry is stabilizing.

Investors are still very cautious and The Fed will probably water down their forward guidance and keep U.S interest rate low for at least another 18 months. The FOMC will further scale back its bond-buying at the meeting.

They will probably reduce purchases for the third time by $10 billion to a $55 billion monthly rate. Gold had the longest slump since mid December 2013. What is going on with the precious metal? Are the first stage in the gold bull over?

Gold has declined before the meeting and are now trading at $ 1345,10. Nobody knows what Janet Yellen will say today, but it is expected that the gold will bottom out today before the meeting and then go up again.

Traders will probably sell on rumors of Fed tapering and will cover shorts and buy after the announcement. Gold broke out of its first stage, and now have a sharp pullback to previous resistance. Gold is volatile so it is expected.

Now, it will be interesting to follow the bond market. It seems like it is on the way to break out to the upside. If TLT ETF who tracks the value of the 20-year treasury bond breaks out, the rates will drop. So, how will that be if the Fed buy fewer bonds?

Right after the Fed meeting, I will follow the gold price, stock market, bond market and the interest rate. Janet Yellen can move the market, but it depends on what the news is? I look forward to the FOMC meeting today.

Reports today:

02:00 AM ET FOMC Economic Projections
002:00 AM ET FOMC Statement
02:00 AM ET Federal Funds Rate
02:30 AM ET FOMC Press Conference

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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by | March 14, 2014 · 12:50 pm

Gold bull

A big drop for Nikkei today. Down -3,3% and 6,2% for the week. Futures contracts expires and there are some Ukraine ans slowing China growth fear. U.S indices sled yesterday too. All the European markets are also down today.

Gold

Is this the beginning of the end? Yes, but I don`t think the market will crash now. We are in a stage three-phase which have started now. We see markets are going up but at the same time we see fewer stocks participating in the bull market.

 

This is what happens in a bull market when it comes to an end. The final leg can go on for months, so it is not expected to see the bear to attack yet. This is the reason why I am not buying U.S stocks now. It`s late in the party.

 

But if I`m righ, I have recognised a new party that have just begun. It hit the bottom at the end last year, and now we see it above 250, which is a good sign. 50 MA have not crossed the 200 MA yet, so we have to be cautious.

 

What I am talking about is the gold bugs. I like what I see, but I am very sceptical at the same time, or let`s say still less bearish. I follow this market every day and I know that most of the people in this business are not so positive and that bother me a bit.

 

Reports today:

 

08:30 AM ET PPI m/m
08:30 AM ET Core PPI m/m
09:55 AM ET Prelim UoM Consumer Sentiment
09:55 AM ET Prelim UoM Inflation Expectations

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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