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Outlook for bullion prices continues to be bullish

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Sunday, Aug 21, 2011

Gulf News

Abu Dhabi: Despite new profit-taking in gold, bets are being placed a changed yellow metal’s prices will scale new highs over a middle to long-term on signs a tellurian mercantile expansion is faltering, experts say.

Commodity traders contend shopping bullion on cost dips might still be a good investment event for UAE residents, generally for those who missed out on a final rally.

Gold strike a record $1,880 (Dh6,905) an unit on Friday as European batch markets fell, strike by concerns over Eurozone debt levels and fears of a double drop recession. With a ongoing doubt over a destiny of European economies, prices are expected to sojourn high, and could continue to rise.

“The opinion on bullion continues to be bullish. The marketplace is now holding a breather. By a finish of a year, bullion prices could still tip $2,000 an unit as a shopping transformation continues to be strong, especially in bullion coins and bullion bars,” Tushar Patni, handling executive of Ajanta Jewellery in Abu Dhabi told Gulf News.

Historically speaking, bullion prices have some-more than quadrupled given a spin of a century and a interest of line as a protected breakwater is undiminished. Not usually have a bullion investments yielded aloft earnings compared to other item classes, yet it is comparatively easy to buy and sell. With earnings on batch markets and skill investments looking increasingly uncertain, some-more and some-more people are shopping bullion as a sidestep opposite inflation.

How to deposit in gold

There are several ways to deposit in gold, yet a easiest and a many required is shopping earthy bullion coins, bullion bars or bullion trinket from a jeweller.

Another approach is shopping World Gold CouncilWorld Gold Council coin, released by jewellers who are partial of a World Gold CouncilWorld Gold Council network. Then there is a choice of shopping bars of bullion bullion, an glorious — if costly — investment that is over a means of many common investors.

Gold Exchange Traded Funds (ETFs) are also a prohibited choice in a stream climate. Operating like mutual funds, ETFs deposit exclusively in bullion and are proof an easier and safer approach to buy a changed metal. Not usually are charges less, yet a bullion can be accessed electronically. The waste is that a owners never gets to indeed see their gold.

The subsequent step for an desirous financier is investing in bullion futures around sell traded contracts by purebred brokers. Futures contracts on a Dubai Gold and Commodities ExchangeDubai Gold and Commodities Exchange (DGCXDGCX) have inbuilt smoothness options, and are a good approach to make income from a fall, as good as a arise of gold.

“Investing in bullion yet futures and options also provides high precedence and helps to take advantage of a short-term and medium-term cost movement,” explained Pradeep Unni, comparison attribute manager during Dubai-based line trade organisation Richcomm Global Services DMCC.

“Futures contracts also give an disdainful event to brief sell in sequence to take advantage of a downtrend in prices.”

For trading/investing in bullion futures contracts one needs to open an comment with a purebred attorney and contention documents.

A certain aspect of destiny contracts is that they are rarely leveraged. An financier with $2,000 might usually be means to get reason of one unit of bullion in a bullion account or ETF, yet in a futures agreement investment, a same investment might extend a financier 32 ounces of bullion by a bullion futures on a Dubai Gold and Commodities ExchangeDubai Gold and Commodities Exchange. The lapse on investment, therefore, would be significantly higher.

Not defence to risks

Taking increase in bullion is clearly investor-centric. If an financier trades in a brief term, it is probable to make $5 or $10 lapse on an investment, while long-term trades might continue to reason until their aim prices are reached and futures contracts on DGCXDGCX are so structured that one can hurl over one’s position to a subsequent month by profitable a tiny premium.

That said, bullion is not defence to ubiquitous panic in other markets and will therefore pierce in line with ubiquitous marketplace sentiment.

“Gold is usually a protected breakwater asset, yet not indispensably an investment product to store over really prolonged time-frame. We have seen really aroused corrections in a past that has eroded a certainty of a investors,” explained Unni.

By Himendra Mohan Kumar, Staff Reporter

© Gulf News 2011. All rights reserved.

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Gold eases as confidence over Greek bailout dissipates


By Jan Harvey

LONDON |
Wed Feb 22, 2012 8:24am EST

LONDON (Reuters) – Gold prices retreated from an progressing two-week high in Europe on Wednesday as determined concerns over Europe’s finances harm a euro and weighed on batch markets, while a supply dissapoint in vital writer South Africa carried bullion to a five-month high.

Spot bullion was down 0.2 percent during $1,754.93 an unit during 1306 GMT, carrying progressing overwhelmed a high of $1,759.84, while U.S. bullion futures for Feb smoothness were down $1.40 an unit during $1,757.20.

The euro struggled for traction contra a dollar, retreating from a prior day’s nearby two-week high as confidence over a long-awaited Greek bailout understanding fast gave approach to worries about mercantile expansion and doing risks.

FRX/

The 130-billion-euro ($172 billion) rescue for Greece concluded by euro section financial ministers on Tuesday came during a cost of forcing Athens to dedicate to unpopular cuts and private bondholders to take bigger losses.

“Every time we have another package (for Greece) concluded or some-more concessions wrung from investors, there is an ever some-more pale cheer. Cynicism is creeping in, and that is inspiring a bullion price,” pronounced Sharps Pixley Chief Executive Ross Norman. “It firmed a bit with a bailout, though not significantly so.”

European shares retreated from early highs and safe-haven German Bund futures rose after weaker-than-expected mercantile information and as investors disturbed about a tough charge Greece faces to exercise a bill cuts required. .EU GVD/EUR

A shelter in risk ardour also weighed on other line such as copper and oil. MET/L O/R

“Even presumption a new Greek programme deduction as planned, a Greek supervision predicament is distant from over,” pronounced HSBC in a note. “This understanding will assistance creditors to be repaid, as a supports will be channeled into an escrow comment to safeguard that lenders are prioritized, though it will not revitalise mercantile expansion any time soon.

“With a Greek economy now in a fifth year of retrogression and already carrying engaged in a fourth entertain by 7 percent year-on-year, even a revised debt sustainability research looks optimistic.”

RATE OUTLOOK SUPPORTS GOLD

In a longer term, bullion is approaching to continue benefiting from low U.S. seductiveness rates, executive bank shopping and clever direct from pivotal markets like China. Goldman Sachs reiterated a certain 12-month perspective on bullion on Wednesday.

“We design U.S. genuine seductiveness rates to sojourn reduce for longer given a U.S. economics team’s expectancy for U.S. mercantile expansion to sojourn delayed by 2012,” it said.

“Consequently, we design bullion prices to continue to arise by 2012, reaching $1,940 an unit in 12 months, and we continue to suggest a prolonged bullion position.”

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Asset earnings in 2012: link.reuters.com/muc46s

Commodity earnings in 2012: link.reuters.com/faz36s

Gold/silver ratio: r.reuters.com/xyx52s

Gold/platinum ratio: link.reuters.com/xez92s

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Among other changed metals, china was down 0.6 percent during $34.08 an ounce. Spot bullion was adult 0.6 percent during $1,693.49 an ounce, while mark palladium was adult 0.4 percent during $710.22 an ounce.

Platinum prices rallied to their top given Sep 22 in progressing trade during $1,705.50 an ounce, carried by ongoing disturbance during one of a world’s biggest bullion mines, Impala Platinum’s Rustenberg facility.

A aroused labor brawl during a cave has already cost Implats during slightest 80,000 ounces in mislaid output. Implats pronounced on Tuesday it was carefree that many of a workforce during a Rustenburg operations would be swayed by kinship leaders to lapse to work.

“We consider a delayed lapse to prolongation during Impala’s Rustenburg operations over a subsequent month is likely, with sum mislaid outlay approaching to surpass 100,000 ounces of bullion and 45,000 ounces of palladium,” pronounced Credit Suisse in a note.

“The marketplace does not ‘need’ those ounces during present: industrial and valuables direct are both now subdued, and bullion consume is trade during a poignant bonus to ingot.”

Nonetheless, bullion narrowed a historically rare bonus to bullion to around $65 from $230 in January.

(Editing by Alison Birrane)

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Paying attention to sector performance can prove helpful


Q: What trends can investors glean by studying the performance of industry groups and sectors?

  • Traders use a variety of stock charts tracing individual stock and sector performance.

    By Richard Drew, AP

    Traders use a variety of stock charts tracing individual stock and sector performance.

By Richard Drew, AP

Traders use a variety of stock charts tracing individual stock and sector performance.

A: “It’s a stock picker’s market,” is a common cliché on Wall Street. But there’s more to understanding how stocks move than just looking at a company’s sales and earnings.

To be sure, a company’s growth, profit and cash flow are the driving forces of its stock price over the long term. If a company continues to deliver robust results, and the stock doesn’t move, eventually the shares will be so cheap that buyers will be drawn in. Similarly, if a company’s profits are falling apart, it doesn’t take investors long to take the stock down.

But in the meantime, there can be many other factors that move stock prices. This fact often befuddles investors, especially when shares of a stock might fall despite the company reporting strong earnings growth. For one thing, investors’ expectations are a big determining factor of how stock prices react. Even if a company reports strong earnings growth, for instance, if the growth didn’t exceed expectations the stock might still go down.

Similarly, there are some macro-economic factors that can sway stocks. The industry a company is in can be a big determining influence on the stock price. For instance, if it looks like the economy is about to slow down, investors will shift into shares of companies in industries that tend to hold up better during slow economic times, such as health care, utilities and consumer staples.

Meanwhile, when investors expect the economy will be strong, they move into areas that are dependent on a strong economy, such as finances, consumer durables and technology.

Investors who pay close attention to the moves of industries can get insights into the market’s direction. For instance, even before you read economic reports of a weak economy, you might first see shares of healthcare, utilities and consumer staple stocks strengthen relative to the market. This is an early tip off and a big reason why investors are wise to pay close attention to movements, beneath the surface of the major market indexes, in industry sectors.

Ask Matt about stocks

USA TODAY financial markets reporter Matt Krantz answers a new question every weekday at money.usatoday.com.

Luckily, there’s an easy way for investors to closely watch industry stock trends. Every Monday, USA TODAY produces the Market Trends page, which plots the movements of all the key market industry groups and sectors in a color-coded grid. Market Trends appears every Monday in the print edition of USA TODAY and also online at the Money section of USATODAY.com.

Matt Krantz is a financial markets reporter at USA TODAY and author of Investing Online for Dummies and Fundamental Analysis for Dummies. He answers a different reader question every weekday in his Ask Matt column at money.usatoday.com. To submit a question, e-mail Matt at mkrantz@usatoday.com. Follow Matt on Twitter at: twitter.com/mattkrantz

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Goldman Lowers Commodity Returns Forecast, Keeps Overweight Recommendation

Goldman Sachs Group Inc. (GS) cut a 12-
month prophecy for commodity returns, while forecasting gains
for wanton oil and bullion and gripping an “overweight” allocation
in tender materials.

The bank reduced a guess for earnings to 12 percent
from 15 percent after prices rallied this year, analysts led by
Jeffrey Currie pronounced in a news today. They kept their
predictions for Brent and bullion during $127.50 a tub and $1,940 an
ounce compared with $121.23 and $1,755.30 today.

Commodities modernized 8.5 percent this year to a highest
level in 6 months as totalled by a Standard Poor’s GSCI
index of 24 tender materials. Prices climbed as a U.S. economy
strengthened and a Chinese executive bank cut reserve
requirements. While Morgan Stanley is also bullish on gold, it
expects oil prices to decrease in a initial half as supply
recovers and direct slows, it pronounced in a news Feb. 20.

“With most of a ‘value’ opportunities behind us, we look
to elemental drivers for serve approaching gains in 2012, which
we trust will be centered in a oil complex,” pronounced Goldman.
Oil climbed to a nine-month high in New York yesterday after
Greece won a second bailout. Gold modernized 12 percent this year.

The bank is bullish on oil since a cost is vulnerable
to supply disruptions from Iran and elsewhere and OPEC spare
capacity is “at a trough” only as a universe mercantile recovery
is gaining momentum, it said.

Iran, China

The European Union concluded final month to anathema wanton imports
from Iran starting Jul 1 to boost vigour on a country
over a chief program. The Middle Eastern nation pronounced Feb.
19 it stopped offered wanton to France and Britain.

Brent for Apr smoothness fell 0.4 percent to $121.23 in
London currently and bullion for a same month in New York declined
0.2 percent to $1,755.30.

Manufacturing in China, a biggest consumer of appetite and
industrial metals, might cringe for a fourth month in February,
indicating a economy stays exposed to a deeper slowdown
as Europe’s predicament caps exports and a home marketplace cools.

The rough 49.7 reading of an index from HSBC Holdings
Plc and Markit Economics currently compared with a final 48.8 in
January. A series next 50 signals a contraction. Jan and
February mercantile information are twisted by a weeklong holiday.

“Chinese construction activity and consumer appliance
output sojourn comparatively weak,” a Goldman analysts said.
“Recent elemental developments leave us happy to stay on the
sidelines” of industrial metals for now, it said.

The bank predicts copper and aluminum during $9,000 a ton and
$2,400 a ton in 12 months compared with $8,421.50 and $2,257 now.

The analysts see “little undisguised opportunity” in
agriculture, presaging reduce prices in wheat and corn in 12
months and a 2 percent benefit in soybeans.

To hit a editor obliged for this story:
James Poole at
jpoole4@bloomberg.net

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Illinois during Ohio State 2012 College Basketball Predictions – Sports

Illinois vs Ohio StateIllinois during Ohio State 2012 College Basketball Predictions: The 8th ranked Ohio State Buckeyes men’s basketball group needs a win opposite visiting Illinois Tuesday to keep gait with a red prohibited Michigan State Spartans who have a diversion lead over a Buckeyes in a Big Ten standings. At 16-11 altogether and 5-9 in a Big Ten, Illinois would need a spectacle to turn appealing adequate for a NCAA Tournament bid. The bottom  line for Illinois, they would need to win a Big Ten tournament. The Buckeyes, during 22-5 altogether and 10-4 in a Big Ten, are posterior a probable tip seed in one of a Men’s NCAA Tournament brackets. Tuesday’s diversion is a ESPN opener in a Big Tuesday lineup. The diversion is set to start during 7 pm ET inside Value City Arena in Columbus, Ohio.

Oddsmakers during online sportsbook SBGglobal.com list a Buckeyes as 16-chalk favorites with a sum measure sum of 129. College Basketball Odds on a offshore moneyline are now off though should post Tuesday morning.

Illinois is perplexing to snap a five-game losing streak, a longest in 5 years. The Illini are  3-3 opposite ranked teams this year, owning victories over No. 19 Gonzaga, No. 5 Ohio State (in Champaign) and No. 9 Michigan State. Illinois is looking for a initial highway win over a Top-25 competition given defeating No. 11 Wisconsin, 63-56, on Feb. 9, 2010.

The Buckeyes mislaid their final time out while on a highway during opposition Michigan in Ann Arbor on Saturday. Jordan Morgan had 11 points and 11 rebounds.  Deshaun Thomas had 25 points and 14 rebounds for Ohio State (22-5, 10-4). Sullinger scored 14 on 6-for-14 shooting.

Ohio State has usually mislaid 4 discussion games this deteriorate and one of them was to a Illini in Champaign, Ill., on Jan. 10. Buckeyes players will not remove to Illinois twice though not certain if they cover a 16 1/2 line. My Pick – Illinois + 16 1/2.

The 2011-12 College Basketball Season is now in full pitch as schools have begun a conflict for discussion championships in  office of Mar Madness. College sports handicapper Reno Gold will be creation College Basketball Odds picks by all of Mar Madness and a NCAA Tournament. The good news for college sports bettors – RENO’S PICKS ARE FREE. Check daily for Reno Gold’s opinion on all a tip games any week for free. We also inspire we to pointer adult to get Free NCAA Basketball Picks now!

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