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Saturday, 24 January 22:17 (GMT -05:00)


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Gold And Silver: Gold Is Ready To Rally

Gold And Silver: Gold Is Ready To Rally

 

 

The situation around Iran remains tough. Yesterday a US citizen of Iranian descent was sentenced to death for spying. Today Timothy Geithner is on his visit to China. He is expected to ask China to back the sanctions against Iran. According to Dennis Ross, President Obama’s former Mideast advisor, the USA is ready to attack Iran in order to cease its nuclear program. Goldman Sachs has increased its oil price forecast for 2012.

 

 

 

 

 

 
The data on China’s external trade for December 2011 showed a major import/export decline as compared with the forecast. China’s foreign trade turnover in 2011 hit the all-time record of $3.6 trillion. However, the balance-of-trade surplus declined down to 3-year low ($115B).
 
The Federal Reserve is planning to arrange a press conference. Investors will be looking for hints at the Fed Reserve’s further economic stimuli. In November 2011 the US consumer lending hit the record level (+$20.37B).
 
In the meantime, Angela Merkel and Nicola Sarkozy met in Berlin. The parties agreed on all the issues in advance of the next EU summit scheduled for Jan 30th 2012. This week Spain and Italy are expected to hold their own bond auctions as investors will be focused on the bond yield. These auctions can influence France’s credit rating as French banks are major holders of these bonds. Today Angela Merkel will meet with the IMF President.
According to Goldman Sachs, the current macroeconomic situation around the world suggests an increase in gold prices up to $1940/oz by late 2012. Asia keeps seeing steady demand for physical gold.
 
Forecast: According to the Department of Commodity Trading of Masterforex-V Academy, after declining within a range for a couple of days, today gold is ready for a rally. It is currently above 1617-1617.5. However, the price still may test 1610. The closest targets are 1627, 1630, then 1640-1641, and maybe even 1668.
 
As for silver, in order to resume its rally, the price needs to consolidate above 29.30 in order to reach 29.50 and 29.75. A break above December’s high will give way to 30. A failed test will initiate a downswing to 28.9-29, and maybe even 28.7.

 

 

 

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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

OPEC Fights USA’s Shale Oil, Not Russia?

 

At tis point, the biggest event in the global oil market is the latest OPEC summit. This is believed to be the major reason why crude oil prices keep on going down. Well, it is hard to disprove this supposition since the price started instantly falling down after the OPEC announced its decision to remain its oil production unchanged at 30 million barrels a day. This took place during the latest summit in Vienna on November, 27th.

Publication date: 16 December 12:17 PM