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Tuesday, 27 January 14:51 (GMT -05:00)


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Stock and commodities markets

Gold and silver: market outlook

Gold and silver: market outlook

 

 

Yesterday, after a strong rally on higher dollar liquidity, the markets were influenced mostly by macroeconomic stats. Investors wonder what are the prospects of the world’s biggest economies.
 

 

 

 

 

 

Today the US is to release its Non-Farm Payrolls. The forecast is +120К. Others say it may increase by 120К or even 125K. However, this is not expected to change the 9% rate of unemployment but may well reassure investors about the US economic prospects.
 
Yesterday the Senate elongated the period of lower taxes and denied tax hikes for the US middle class. It is expected to keep stimulating the country’s consumer spending in 2012.
Mario Draghi, ECB President, said yesterday that the bank is determined to take more cardinal steps probably hinting at possible interest rate cuts) in order to combat the eurozone crisis if during next week’s summit the EU leaders agree on tougher control over the budgets of all the 17 eurozone members and agree to make major decisions by a majority vote. Nicolas Sarkozy and Angela Merkel backed those requirements. On Monday they will meet to work out a detailed plan, which will be discussed on Dec 9th.
The bond auctions held by Spain and France were a success, attended by high demand.
Goldman Sachs and HSBC anticipate interest rate cuts in China in 2012 in order to stimulate the world’s 2nd largest economy.
Central banks keep buying up gold amid global uncertainty. South Korea bought 15 tons of gold in Sep and 25 tons in June-July, thus increasing its gold reserves up to 54.4 tons.
 
However, if investors gain more confidence about the global economy, the demand for precious metals as safe haven assets will probably decline, with inflation being the only factor to support gold and silver prices.
 
Forecast: According to the Department of Commodity Trading, Masterforex-V Academy, yesterday gold failed to consolidate above 1750. Today gold may test the 1750-1753 area once again. A failure may result in a downswing, with targets at 1740, 1725, 1718. In order to continue the rally gold will have to consolidate above 1750.
 
As for silver, $33/oz has been a strong barrier so far. Today silver may keep testing the 33.1-33.2 zone. A break above 33.2 is needed to continue the rally. A failure will give way to 32.6-32.5, and may be further down to 32.

 


 

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Google Updates iOS and Android Apps

 

Not so long ago, Google updated its office apps for mobile devices powered by Android and iOS. According to the Hi-Tech Department of Masterforex-V Academy, Google updated the following apps: Docs, Slides and Sheets. The apps underwent minor design improvements and some new functions and features.

Publication date: 27 January 11:03 AM

Intel: Computer Cost Will Continue Going Down

 

It is reported that the profit of Intel, the world’s biggest manufacturer of computer chips, boosted in the 4th quarter of 2014. This is the sign that the global demand for desktop computers and laptops increased over he reporting period, Market Leader reports. According to the Hi-Tech Department of Masterforex-V Academy, the tendency is probably going to be seen this year as well.

Publication date: 22 January 01:40 AM

Why Doesn’t OPEC Fight Low Oil Prices?

One of the most burning problems of the contemporary society is the ultra low price of crude oil worldwide. Still, it is surprising to see that the OPEC, which is a union of some of the world’s major producers and exporters of crude oil, is still reluctant to start cutting down on their oil production. If you have been in financial markets for a while, you probably know that amid declining global demand for crude oil (mainly triggered by the economic slowdown in China - the world’s second biggest economy and the biggest consumer of crude oil), the steady and high level of oil production leads to oversupply at all times. Apparently, oversupply triggers a price collapse. The bigger it is, the harder the prices fall eventually. This is the case in the global market of crude oil right now. The prices have already fallen by more than 50% since its local highs set in mid 2014.

Publication date: 21 January 12:08 PM

Market Participants Expect Lower Oil Prices On Forthcoming News From China

 

Oil price seem to never stop going down since mid 2014. Yesterday, the prices went down a little bit as well. The thing is that the market seems to be reacting this way to the expectations of poor economic stats ,which are about to be released in China, the world’s biggest consumer of crude oil.

Publication date: 19 January 10:22 AM

History Hints At Long-Term Oil Prices Below $50/b

Judging by today’s situation, many experts do not doubt that crude oil may well stay below $100/b forever. At the same time, more experienced analysts are not in a hurry to make such brave predictions. Still, they agree with them to the extent that oil prices are probably going to stay low for quite a long period of time. In particular, they name serious levels below $50/b.

Publication date: 16 January 03:54 AM

The Times Assumes That Crud Oil Prices May Well Drop to $20/b

According to the observers working for The Times, this may well not be the end of the never-ending price decline in the glob oil market started in mid 2014. In other words, hey assume that crude oil may find the price bottom somewhere around $20 per barrel if the worst-case scenario manifests itself, Market Leader reports.

Publication date: 16 January 03:19 AM

Apple Secretly Tests iOS9

 

According to some unofficial online sources, Apple has already started testing the next version of its operating system for mobile devices. It is likely going to be called iOS9. Those resources site visitor stats as some kind of confirmation of this rumor , Market Leader reports.

Publication date: 14 January 09:20 AM

Former IMF Chief Economist Doesn’t Deny Oil Price Recovering Up To $100/b.

Kenneth Rogoff, a professor of economics and the former Chief Economist of the International Monetary Fund, assumes that oil prices may well recover up to $100/b in the mid-term future. In particular, he says that he doesn’t believe in the idea supported by many financial experts regarding the supposition that oil prices are never going to come back to the levels seen in mid 2014. On top of that, he assumes that sooner or later oil prices are going to see $100 per barrel or higher.

Publication date: 14 January 07:49 AM

World Bank Predicts Low Oil Prices In 2015

 

At this point, never ending expectations of even lower prices on crude oil and oil products jeopardize geological prospecting and development of new conventional oil fields, not to mentioned shale oil fields. Well, it sounds quite logical and natural since no company wants it business to be unprofitable, Market Leader reports. All of this is confirmed by the latest report released by the World Bank.

Publication date: 12 January 05:18 AM

Moody’s Downgrades Gazprom’s Rating With Negative Forecast

 

Yesterday, on December 23rd, the international rating agency named Moody’s was reported to have cu Gazprom’s rating from Ваа1» down to «Ваа2 with a negative forecast. It should be noted that Gazprom is a Russian energy heavyweight feeding the most of Europe with natural gas, Market Leader reports.

Publication date: 24 December 05:22 AM