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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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Google Stock Down After Quarterly Report

 

Not so long ago, Google published another quarterly report. This time the figures for Q1 2014 turned out to be not as good as expected, thereby disappointing investors.  All in all, the was a year-over-year increase. Still, investors found something controversial about the figures, which ultimately resulted in a bearish move in the market of Google's stock.
 
Publication date: 17 April 01:07 PM

Will foreign countries buy Russian oil and gas for rubles or not?

In response to the sanctions of the West related to the annexation of the Crimea to the Russian Federation, Russian exporters want to refuse the U.S. dollar as the main means of payment with foreign buyers of oil and gas. However leading Russian energy players offer different approaches to this issue.
 

 

Publication date: 14 April 06:30 AM

Apple iWatch Rumors

 

More and more web sources join the growing army of those who spread rumors about Apple and its plans to introduce its own smart watch – iWatch. Apparently, these rumors heat up the interest in this long-awaited device.
Publication date: 10 April 06:35 AM

Google to Start YouTube for Children

 

YouTube, the world's most popular video hosting is about to get a «younger brother».
The thing is that Google, which owns YouTube, is about to introduce a YouTube version for children. In particular, the representatives of the world-famous tech giant say the new version of the popular hosting is made exclusively for children under 10 years old.
 
Publication date: 26 March 06:35 AM

iWatch Under Question

 

More and more web sources report that Apple is seriously working on a new portable device. It is said to be called iWatch. Until recently, there was no doubt that Apple would introduce its own smart watch.
Publication date: 26 March 06:35 AM

Apple to Introduce 12-Inch MacBook with Retina Display

 

Apple is reported to be currently working on a new Macbook. This time it is going to be a 12-inch Macbook with the Retina display. Another new feature is that this laptop is not going to have a cooler inside.
 
Publication date: 25 March 07:59 AM

Galaxy S5: Specifications Giving Competitive Edge

 

 

The new mobile device by Samsung called Galaxy S5 has been discussed on the Web for several months already. The device is said to come into market in April 2014. At this point, all the fans of Samsung devices are left to be looking forward to the long-awaited release.
 
Publication date: 24 March 09:19 AM

Gammers and Developers Got Interested in Microsoft DirectX 12

 

At this point, we know enough about DirectX 12 to start comparing and making conclusions. In particular, the developers promise wiser and more efficient use of CPUs and GPUs along with wider hardware support.
 
Publication date: 24 March 09:19 AM

Motorola and LG Introduce Smart Watches Powered by Android Wear

 

Motorola is reported to have introduced its own smart watch called Motorola Moto 360. The portable gadget is powered by the modification of Android OS called Android Wear, Market Leader reports.
Publication date: 21 March 08:04 AM

More People Get Interested In Samsung Galaxy S5 Zoom

 

Samsung Electronics has recently announced its decision to start producing the latest version of its smartphone called Galaxy S5 Zoom, the famous benchmark GFXBench names it as SM-C115.
 
Publication date: 21 March 05:54 AM