GOLD-Near term target forecast $1570….good level to buy: -Umesh Shanmugam (Purely my view)
For all you gold diggers and gold fingers and seekers of gold. Its all there in the charts. Done right, it may provide the key to another golden dawn!
Tag «gold»
Rio Tinto Finance plc prices Euro and Sterling fixed rate notes
Rio Tinto has priced EUR 1.25 billion and GBP 500 million of fixed rate notes under its European Debt Issuance Programme. The notes will be issued by Rio Tinto Finance plc and will be unconditionally and irrevocably guaranteed by Rio Tinto plc and Rio Tinto Limited. The Euro denominated offering comprises (i) long 7-year notes …
Indians hoard 20k tonnes gold worth record $1.16 trn – Umesh Shanmugam
Indian households have piled up as much as 20,000 tonnes of gold, worth $1.16 trillion, an historic high. This shows that the government’s efforts to trim overseas purchases of the idle asset by imposing an import duty and raising it in short intervals to reduce the current account deficit (CAD) haven’t yielded the desired results. …
Gold’s Relative Strength and What It Means – Umesh Shanmugam
Longtime readers of my reports, know that me a big fan of intermarket analysis as well as ardent believers in the real price of gold (real POG) or relative Gold. No this has nothing to do with the paper market versus the physical market. The real POG is essentially the POG relative to other assets …
Come ye Investors – Gold,Silver and Crude charts. Umesh Shanmugam
Over the past two months gold,silver,crude etc have had a sizable bite taken out of their price. Active traders along with the longer term investors have had a wild ride this fall watching these investments slide to multi month lows. The big question is when will gold,silver and crude bounce? Here we are again with …
Gold Is Not Back In Favor Yet… BY:Chris
Despite the decline this past week, gold seems to be regaining favor with global investors, as just a week earlier it had been flirting with the $1,800 an ounce mark. Quite a change from the sentiment in early summer when some investors were questioning whether the yellow metal’s decade-long bull run was coming to a …
XSTRATA : INTERIM MANAGEMENT STATEMENT AND THIRD QUARTER PRODUCTION REPORT
Zug, 17 October 2012 Highlights Volumes of thermal coal, zinc and lead in concentrate and zinc metal increased compared to the third quarter last year. Strong thermal coal production during the first nine months of the year resulted in a 13% increase over the same period in 2011. Xstrata Coal settled annual thermal coal contracts …
IMF Distributes US$1.1 Billion of Gold Sales Profits in Strategy to Boost Low-Cost Crisis Lending to Low-Income Countries
October 13, 2012 The International Monetary Fund (IMF) will distribute SDR 700 million (about US$1.1 billion) in reserves attributed to windfall gold sales profits to its members in order to boost its concessional lending capacity for low-income countries during the global crisis. The distribution is a key element of a 2009 plan to boost concessional lending capacity to …
Gold – the Hot Commodity of 2012 and 500 B.C.
With Interest in the Precious Metal High, Art Expert Examines Its Past If ever gold was precious, it’s now. “Gold has remained at or near record high prices, even while the value of other commodities falls,” notes art expert Terry Stanfill, author of Realms of Gold: Ritual to Romance (realmsofgoldthenovel.blogspot.com), a book that blends factual ancient …