David Rosenberg
http://www.bloomberg.com/video/67071966/
Sunday, February 27, 2011
Thursday, February 24, 2011
Thursday, January 27, 2011
Thursday, January 6, 2011
GOLD 2011 General Perspective
In 2010 gold broke records and reached the price levels above 1400/ ounce (USD 1430.60).
Some may say its in the bubble and over priced and some that there is still an upside.
If there is some fundamental strength (which i believe it does) in this bullishness, gold prices then after a strong bullish cycle should consolidate. Taking a breath. This will help investors affirm that there is a fundamental strength in this commodity.
Also, there's price pressure from the supply side. Higher gold prices mean miners work overtime. The supply of mine gold around the world jumped 7% last year to 2,572 tons-the second largest increase in history.
Some of the smart money is betting that gold keeps rising. Hedge funds and other big speculative traders boosted their gold bets by 2% last week, according to data from the U.S. Commodity Futures Trading Commission.
Technical Side:
Bullish above : 1386.51 and 1226.42 Channel base around 1262.56
Bearish Below: 1313.31 and 1154.45
See Chart
Some may say its in the bubble and over priced and some that there is still an upside.
If there is some fundamental strength (which i believe it does) in this bullishness, gold prices then after a strong bullish cycle should consolidate. Taking a breath. This will help investors affirm that there is a fundamental strength in this commodity.
Also, there's price pressure from the supply side. Higher gold prices mean miners work overtime. The supply of mine gold around the world jumped 7% last year to 2,572 tons-the second largest increase in history.
Some of the smart money is betting that gold keeps rising. Hedge funds and other big speculative traders boosted their gold bets by 2% last week, according to data from the U.S. Commodity Futures Trading Commission.
Technical Side:
Bullish above : 1386.51 and 1226.42 Channel base around 1262.56
Bearish Below: 1313.31 and 1154.45
See Chart
Important
Note: This is for information only blog. For consultation and services please visit www.globeq.org
Friday, June 25, 2010
Sunday, June 20, 2010
GOLD UPDATE
GOLD once again looks bullish after a pull back.
1226.64 can be considered a strong support (already retested).
First target is around 1290-96.
I consider this move another entry point for a short to medium term bull move by keeping 1226.42 as a support level.
1226.64 can be considered a strong support (already retested).
First target is around 1290-96.
I consider this move another entry point for a short to medium term bull move by keeping 1226.42 as a support level.
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