After four days of decline after (in the meantime, Platinum up 9 percent above), the gold price today back upward. Gold price continues to be limited to us $ 890 to $ interval 930, but needs to create new records, will be able to avoid it back to us $ 845 USD/865 zones more depth adjustment. News from South Africa's support, to uplift the precious metal prices, due to Eskom's report, now Platinum prices have far exceeded US $ 2000. In the United States published January retail sales report, show increased 0.3 per cent instead of market observers expect the same magnitude downward, the strong performance of the USD yesterday. This morning, the Declaration of the Bay Sodra expected interest rate cuts from the dollar index declined to 76.14, crude oil prices continue to go up high, to reach 1.40 cents to $ 94.67 per barrel.
：http://finance. New York gold trading close slightly higher, closing at $ 907.20 per ounce, one-day hikes 2.30 dollars. Market participants are now informed that Ben Bernanke, Paulson and Cox trio today at the United States to the Senate on the economy of the reassessment. They say the essence of the content is, for the avoidance of larger issues that need to be taken all measures that will be put into practice. Stock market for possible further interest rate cuts by the commitments do not have excessive enthusiasm, more focused on the three speakers on still slowing down economic diagnosis.
Several fundamental-oriented background story, has been the trend in gold recently affected, and market participants can see hesitate to help. Today's statement, and we remember the since September last year, gold has the advantage of all. Interest rates, the world's financial markets and the succession of bad news, dollar decline in oil prices, etc. This view would be a good witness, gold prices will surge to $ 920 USD/925, but we will get some benefits. Silver rose penny, closing at $ 17.22, and in the evening before the Japan TOCOM contracts limit increase, Platinum continued its upward trajectory in the run up to $ 12, $ 1998.00 each ounce. $ 3, Palladium ornaments, gone up, from $ 434.00 per ounce. Platinum class metal currently have reached this area, the lack of Eskom companies sustained profit may eventually be brought some back to the spit of bad news. In any case, their performance is clearly better than gold (recent) performance is better.
When the supply of precious metals began to problematic, the good old friend might come to Russia to rescue-at least in part.
"Giant Norilsk Nickel metal Russia company on Thursday said, because of its major precious metals refinery upgrade, it has slightly increased this year its Platinum, Palladium ornaments, production of metal.
In 2008, due to the increase of the recovery rate, and reduced production time of metal refining, distillation plant JSC Krastsvetmet will concentrate in the production of additional 19500 ounces of Platinum metal refining, Norilsk statement said.
"Considering the new centralized processing period, Norilsk Nickel improves its 2008, Palladium ornaments, production guidelines, from a previously published 300 to 305 million ounces, increased to 302-307 million ounces (about 0.7 percent)," the statement said.
Norilsk is the world's largest producer of nickel and, Palladium ornaments,, diesel, Palladium ornaments, mainly used for non-automotive catalysts, it can help clean up toxic smoke from exhaust gas. ”
For the United States economy is stuck in some form of economic recession (its properties not yet explicitly), the market is awaiting further confirm, at the same time, the secondary debt loss of bad news and there came one after another. Even from overseas. Last quarter, Switzerland UBS Bank in its more than 130 billion of assets from the glittering Zurich window directly were thrown into the Limmat. Who's the culprit? you already know. This is more appropriate: "you and us"-you should not borrow money to lend money, cause we lost billions. Borat is able to say?.
Market speculation abounds in, someone said in March (if there is no interest rate before this one) would cut interest rates in 3 months (if not earlier) at least one former Fed officials (Laurence Meyer) estimates that there will only be marginal adjustment of 25 basis points, then in the second quarter of this year, an increase in real interest rates. Many people still remember, in early 2000, the Federal Reserve's response to excess of interest-a press release that ultimately lead to a confusion of the real estate, this confusion in the present is not already expanded, as it expedites the crazy speculation. These days, the speculative behavior (though still not crazy) have gradually in commodities. However, the real estate of the problem is not to be underestimated, to beg for money has the ability to jump in. Rather the opposite.
Continue to seek opportunities for significant shocks, and $ above price levels remain vigilant, because this is still the recent decline in people with confidence to reverse the trend of a necessary component. Wishing you a happy trading. (In time for the United States Eastern time)
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