Asia recovered her composure overnight, didn’t quite provide a complete reversal of the prior day but on many markets, shanghi inc, price got close. (as the shanghi in a down trend this reversal isn’t too significant. Hangseng less impressive, 50% retrace). We said yesterday the price action was ‘in control’ and that the longs were …
Category Archives: PMs
Andrew Maguire Interview Released – KWN
He knows the market inside out. The interview release was delayed but now live.. Watch price.. price must be our lead here..It could be really explosive if he is correct. http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/7/11_Andrew_Maguire.html I do hold paper futures, physical and miners in equity,etfs and option calls. If he is right and the paper holders are forced to …
Erste Gold Report – July 2011 – For Gold Bugs
Just another report that comes into the in tray. What i find interesting here (aside from the content of the report) is that the finance sector are significant laggards to the pm bull run. There has been almost no finance participation in this run to date. In spite of the trend the percentage of funds …
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Goldmans Commodity Watch 2H – 2011 pdf
From a few days ago, the Goldmans 2h view for commodities. ‘We reiterate our long trading recommendations for Brent crude oil, UK natural gas, copper, zinc and soybeans’. 59520474-Goldman-Sachs-Commodity-Watch-2H2011-Outlook-July-7-2011 Essentially bullish due to the supply demand imbalances but near term volatility and short term risks to the downside. 20% upside for the next 12 months …
Markets (catchup)
Markets So where are we here and now and where are likely to move to in the near term. Asia over night was weak. Singapore, HangSeng, Nikkei down over night. No particular fireworks although the Hangseng showed the best chance of producing fireworks particularly at the end of the session. I …
China Raises Rates, can’t sell Bonds, Trade Surplus Widens
Having narrowed recently, the trade surplus is widening again. Why? According to China’s own data she has been using stores of food and metals. Copper imports are slightly up from the prior month (but remember the prior month was very low for copper imports due to draining her stores – note copx price very high …
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Gold News
Switzerland is soon to examine re-linking the chf to gold from initiatives by the SVP party. Switzerland lost her gold backed chf in may 2000 following a very close referendum on the issue. This allowed the Swiss banks to expand very rapidly after this date. Swiss banks have lent across the world thereafter creating chf …