| Author | Message | ||
     Emc2 Side Hero Username: Emc2 Post Number: 7675 Registered: 03-2008 Posted From: 71.246.229.243 Rating: N/A |
gold up..  cherapakura chedevu. | ||
| Qdoba Comedian Username: Qdoba Post Number: 1257 Registered: 03-2012 Posted From: 207.166.204.5 Rating: N/A |
ee week FOMC meeting lo Bernanke QE3 promise cheste Gold price will go up else it will go down. Here is the weekly outlook Tuesday – U.S. Housing Starts: the U.S Census Bureau will present the U.S housing starts for May 2012; this report was historically correlated with gold– as housing starts rose, gold tended to decline the following day (even when controlling to the U.S dollar effect); in the previous report, the adjusted annual rate reached 717,000 in April 2012, which was 2.6% above March's rate; Wednesday – FOMC Meeting (Statement& Press Conference): I think the FOMC won't announce of another stimulus plan, especially since the U.S's economic progress is still growing and especially after the recent testimony of Bernanke; the FOMC statement may affect the US dollar and more than that it will affect bullion; I speculate if there won't be another call for a stimulus plan or there won't be another hint moving toward this direction in the near future, precious metals are likely to fall; if the FOMC will consider another stimulus plan it could push up bullion; Thursday – U.S. Jobless Claims Weekly Report: in the latest report the jobless claims rose by 6k to 386,000; this upcoming weekly update may affect the U.S dollar and consequently commodities rates; Thursday – Philly Fed Manufacturing Index: This monthly survey presents an estimate for the shifts of the US economy as it measures the manufacturing conditions. In the previous May survey, the growth rate fell from +8.5 in April to -5.8 in May 2012. If this trend will continue this index may adversely affect USD and gold (the recent Philly Fed review); In conclusion, I speculate precious metals might shift between gains and losses with an unclear trend. The results of the Greek elections could affect the Euro/USD and consequently bullion rates. On the other hand the results of the FOMC meeting could affect directly bullion especially if the Fed will introduce another stimulus plan or even hint of its possibility in the near future. In such a case bullion is likely to rise. But I don't think the Fed will do so and in such a case precious metals are likely to continue to dwindle. The upcoming reports regarding the U.S including the Philly Fed, housing starts, existing home sales and jobless claims, could affect not only the USD, but also gold and silver: if the U.S reports will continue be negative or won't meet expectations it could further push up precious metals. Read more: http://www.tradingnrg.com/gold-and-silver-price-forecast-wee kly-analysis-for-june-18-22-2012/#ixzz1y9DFIqlN | ||
| Entikaburlu Hero Username: Entikaburlu Post Number: 10387 Registered: 07-2011 Posted From: 67.247.83.224 Rating: N/A |
expected. All Class Notes -> https://twitter.com/#!/EKSWAcademy all opinions expressed are mine and only mine. not to be attributed to the other IP address sharers, my employer, or any other human, animal, robot or alien. | ||
| Qdoba Comedian Username: Qdoba Post Number: 1240 Registered: 03-2012 Posted From: 207.166.204.5 Rating: N/A |
http://www.cnbc.com/id/47852768 |
