Berita Semasa 31 Oktober 2012 ...

Hajj season accounts for 25% of Saudi Gold sales

It is estimated that they account for 25 percent of the gold and jewelry sold in Saudi Arabia each year.

RIYADH(BullionStreet): As millions of pilgrims began their return journey in batches after the holy Hajj, it is estimated that they account for 25 percent of the gold and jewelry sold in Saudi Arabia each year.
According to Council of Saudi Chambers, many pilgrims want to commemorate their journey with keepsakes or gifts for relatives that carry a special religious significance.
The Chamber said pilgrims also find the gold jewelry to be cheaper, better quality and more elaborate than what is available at home, creating a thriving annual market for the precious metal.
However, gold dealers in Saudi Arabia have warned buyers against buying potentially adulterated gold promoted by illegal vendors, who visit the kingdom during the Haj and Umrah seasons when demand for the precious metal increases.
Saudi Arabia's Ministry of Trade and Industry has begun monitoring gold sales outlets across the Kingdom after complaints from customers of variances in weighing in sales and purchases.
Observers said Saudi Jewellery owners had been complaining about low demand for gold and difficulties they face are looking for ways to boost the market. The traders also object to the inequality between Saudi traders and foreign investors in the gold market.
Despite all these negative factors, gold sales in the Kingdom is expected to climb this season as Saudi gold market always benefited by special seasons like the Hajj and Ramadan, which are known for boom in gold sales.
All jewelry shops in and around the Grand Mosque are filled with pilgrims buying gold before their return journey.
Indian designs are favorite among Asians and Africans while Middle Eastern designs were favored by locals, analysts said.
Most of the jewelry is manufactured in Jeddah from 21-carat gold, while pieces with Indian designs are imported through Dubai.
Unlike the white gold studded with diamonds and precious stones on display in Dubai’s glitzy shopping malls, gold in Makkah’s markets hardly has any additions which is more attractive to customers who buy it as an investment.

Sumber : Google

Harga Semasa Gold 30 Oktober 2012 ...

Berita Semasa 27 Oktober 2012 ...

Gold Prices Appear Set To Resume Ascent - Analysts

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BY Mike Obel | October 22 2012 2:56 PM

Gold prices, which have fallen the last two weeks, edged up Monday in what could be the start of a rebound driven by continued low interest rates, rising physical demand, ongoing strikes at South African mines and bargain hunting by investors.

(Photo: Reuters)
Gold bars are displayed at a gold jewellery shop in the northern Indian city of Chandigarh

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Since May 16, when the gold price closed at $1,542.70 per troy ounce, it has risen more than 16 percent to $1,796.5 on Oct. 4. But Friday, after two weeks of falling, it hit a six-week low, in the biggest one-day decline in three months.

On Monday, however, it appeared that the skid may be ending. The most actively traded contract on the CME closed up $2.30 to $1,726.30.

Analysts offered varying explanations. Some said physical demand in India was picking up on the approach of the key festival of Diwali. Others pointed South African mining companies increasing estimated losses from recent labor strife. Gold Fields Ltd. (NYSE:GFI), for example, hiked its estimated losses to 65,000 ounces from 35,000 ounces.

Hussein Allidina, head of commodity strategy at Morgan Stanley and a member of the Global Investment Committee, said investment demand for gold is likely to remain strong in an environment of low real interest rates and heightened risk aversion due to uncertainty about the sovereign debt morass in the euro zone.

Allidina continues to rank gold as his top tactical pick. He recently increased his price forecast and now expects gold to reach $1,875 during 2013.

Suki Cooper, a Barclays analyst, forecasts gold prices rising this quarter to $1,810.

“Given our foreign exchange view for the U.S. dollar to weaken against the euro over the remainder of 2012, coupled with the physical market’s recent responsiveness to lower prices, we retain a positive outlook for prices.”

London-based UBS analyst Edel Tully said various sources of demand for gold are weakening, though she sees the price of the yellow metal strengthening towards yearend.

“The difficulty for gold at this juncture is that it lacks both internal and external drivers, risk sentiment has softened while specs are cutting back positions after the aggressive extension in length since mid-August,” she wrote in a note Monday. “Gold is currently relying more on bargain hunters to come in and protect the downside.”

Sumber: Google

Salam Aidil Adha 2012 ....

Harga Public Gold 25 Oktober 2012 ...

Berita Semasa 24 Oktober 2012 ...

Sinclair: Bank Move to Send Gold to $3,500-$12,400

8

“Mr. Gold” of the 1970s, Jim Sinclair, the one-time adviser to the Hunt Brothers who cornered the silver market then is flagging up an imminent change in the way the bullion banks manage their spreads, something he feels is inevitable from his own long experience of the business.

In his latest missive, Mr. Sinclair explains: “You must note how central banks are either buying or protecting their gold reserve positions now. This is total about face two years ago. There is another change coming which is a replacement monetary system and the need for some asset on central bank’s balance sheets to have positive value, especially in the USA. Soon all that is required is a change in spread management by the gold banks and you will have whatever price the gold banks want from $3,500 to $12,400.”

Spread Management

Spread management is rather technical for non-industry specialists. This is the profit per ounce when gold is sold, and the bullion banks juice this profit by taking both long and short positions in the marketplace to improve their real profit.

What Mr. Sinclair foretells is an upcoming move by the bullion banks to dump their short positions and go fully long, remembering how it worked for him at the top of the 70s’ bull market. At that time he instructed his team:  ”Take every short off the spread making us naked long. This was when the gold price broke $400 the second time over, running like a bunny to $887.75.”

Right now the preoccupation in the bullion market is over a short-term correction, and the more alarming potential for a repeat of the 30% price crash of 2008-9. Mr. Sinclair seems to be hinting that this will provide precisely the environment for the shedding of shorts and the creation of long-only positions in the market.

Golden Truth

As he explains: “Here comes the ‘Golden Truth’. When the gold banks perceive that the gold market is about to go ballistic, just like any bull market does, they need only reverse the strategy in place from $248 called ‘The Weak Gold Policy’ in how they handle the 75% risk-less spread. Now when gold falls you take off the short aside of the spread with gusto and let the long run.”

That would set gold up for a spectacular rebound. A bounce from say around $1,600 to $3,500 would indeed by very much like the top of the 70’s gold market. That said Mr. Sinclair is also on the record as stating that the ascent of the gold price would be far more permanent than it was then with gold becoming a part of the global currency system again.

Let’s give him the final word: “Soon all that is required is a change in spread management by the gold banks and you will have whatever price the gold banks want from $3,500 to $12,400.”

Sumber: Google

Harga Semasa Gold 23 Oktober 2012 ...

Berita Semasa 22 Oktober 2012 ...

India Gold imports seen climbing first time in six quarters

Gold imports by India, the world's largest buyer, are set to climb for the first time in six quarters as a decline in domestic bullion prices stokes jewelry and investment demand ahead of major festivals.

MUMBAI(BullionStreet): Gold imports by India, the world’s largest buyer, are set to climb for the first time in six quarters as a decline in domestic bullion prices stokes jewelry and investment demand ahead of major festivals.

Overseas purchases may jump to as much as 200 metric tons this quarter, said Bachhraj Bamalwa, chairman of the All India Gems & Jewellery Trade Federation. That compares with the 157 tons in the fourth quarter of 2011, according to World Gold Council data. Purchases in the quarter ended September probably fell to as low as 170 tons from 205 tons a year earlier, Bamalwa said. The council is yet to release data for the third quarter.

A rebound in Indian imports may help sustain an 11% rally in global prices, headed for a 12th consecutive year of gains. Bullion in India has fallen about 3% since climbing to a record last month after the rupee posted the biggest monthly gain against the dollar since January.

“The appreciation in the rupee has caused the gold price to correct from the record levels and this correction is seen as an opportunity by many to get into gold,” said Chirag Mehta, a fund manager at Quantum Asset Management Co. “With the festival season and marriage season starting now, demand will gain further momentum.”

Spot gold fell 0.2% to $1,737.65 an ounce at 8:14 a.m. in Mumbai. The contract for delivery in December rose 0.8% to 31,375 rupees ($585) per 10 grams on the Multi Commodity Exchange of India Ltd. yesterday. The rupee rallied 5.1% in September, data compiled by Bloomberg show.

Demand has picked up in the last 10 to 15 days and buying may be better this festival season than a year earlier, Bamalwa said. “In the last three to four months, there was practically no demand for gold because of the high prices. There is a lot of latent demand, and we expect this festive season to be better.”

Imports plunged 42% to 340 tons in the first half of this year as an increase in import tax and a strike by jewelers hurt demand, according to the World Gold Council. Purchases may decline for the first time in three years to 600 tons this year from a record of 969 tons in 2011, Bamalwa said.

“India should be a better buyer over the next two weeks from a seasonal perspective, but this remains highly contingent on the behavior of the rupee gold price,” Edel Tully, an analyst at UBS AG in London, said in a report.

“Indian imports are already 40% less than they were last year, and we understand inventories are generally light. Therefore, if the rupee behaves, fresh demand will also prompt restocking,” he added.

Buying gold is considered auspicious during the religious festivals in India. The festival season starts this year with Dussehra on Oct. 24 and ends in November with Diwali, which is followed by the traditional wedding season.

Sumber : Google

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Berita Semasa 17 Oktober 2012 ...

Turkey with 295.5 tons of Gold tops Southeast Europe

Greece is distant second with 111.8 tons of gold while Romania and Bulgaria with 103.7 tons and 39.9 tons respectively are placed third and fourth in the region.

ANKARA(BullionStreet): Turkey remained South East Europe's leading gold reserves holder with 295.5 tons of gold under it's belt.
Turkey, the world's fourth-largest gold market and third-largest producer of gold jewelry, has long seen gold as a traditional measure to hedge against inflation and secure itself from more risky investments.
According to figures provided by the World Gold Council, Turkish consumption of gold has shot up in recent months, and Turkey has gone from a net importer to a net exporter of gold and other jewelry.
Turkey's largest market was the United States. Greece is distant second with 111.8 tons of gold while Romania and Bulgaria with 103.7 tons and 39.9 tons respectively are placed third and fourth in the region.
Serbia and Cyprus are at 59th and 60th with 14.8 tonnes and 13.9 tonnes respectively.
Macedonia is also in the top 100 at 75th place with 6.8 tonnes. Bosnia and Herzegovina is at 93th with 2 tonnes, and Albania is at 98th with 1.6 tonnes.

sumber : google

Harga Gold 16 Oktober 2012 ...

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Akhbar Berita Harian 11 Oktober 2012

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Berita Semasa 13 Oktober 2012 ...

Investment demand likely to lift gold prices by 7-10% in Q3

 

• 

(Bullion dealers and jewellers…)

Gold as an investment instrument is likely to see a 7%-10% growth in the October-December quarter largely driven by festival demand. Investment in gold exchange-traded funds (ETFs) is expected to increase a shade over 7% as compared to a 5% growth in the last quarter.
Bullion dealers and jewellers say demand for gold coins and bars is expected to grow by 10% in the third quarter of FY13 and investors who were shying away from the market due to a rally in gold prices have returned to the market in the last 4-5 days as prices have fallen to Rs 31,500 per 10 gm due to a stronger rupee.

Sumber : Google

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Berita Semasa 11 Oktober 2012 ....

Gold hits 11-month high, extends gains to fifth day


Gold hit an 11-month high on Friday in its fifth day of gains as stimulus measures from major central banks continued to increase its appeal as an inflation hedge, while investors awaited more trading direction from key US jobs data due later in the day.
The European Central Bank kept interest rates unchanged on Thursday and said it was ready to buy government bonds of debt-laden nations, triggering a rally in the euro and pushing gold closer to $1,800 – a level that has not been breached since November last year.
And gold is likely to gain further as other central banks, including that of China, are expected to ease policy following similar moves by the ECB, Federal Reserve and Bank of Japan to help stalled growth, analysts and traders said.

Gold is likely to gain further as other central banks, including that of China, are expected to ease policy following similar moves by the ECB, Federal Reserve and Bank of Japan to help stalled growth. AFP

Monetary easing drives investors who fear depreciation of their currencies and future inflation to gold.
“There doesn’t seem to be anything else they can do besides pumping more money into the economy,” said Ronald Leung, a dealer at Lee Cheong Gold Dealers in Hong Kong.
“Dollar weakness, more easing, as well as the tension in the Middle East, will all benefit gold.”
The dollar index wallowed near a two-week low, making commodities priced in the greenback cheaper for holders of other currencies.
Rising tensions in the Middle East as Turkey stepped up retaliatory artillery strikes on a Syrian border town on Thursday also supported gold’s safe-haven appeal.
But Leung noted that much of the buying has come from speculators, while physical demand remained subdued.
Spot gold hit an 11-month high of $1,795.69 an ounce, and pared some gains to $1,792.66 by 0626 GMT, on course for a fifth day of gains and a weekly climb of 1.2 percent.
U.S. gold rose to high of $1,798.1, its loftiest since February 29.
SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings hit a record high of 1,333.44 tonnes by October 4.
Trading activities were thin in the physical market.
“There is much less scrap selling today as everyone is waiting for the break,” said a Singapore-based dealer, referring to a break above the key $1,800 level.
US NON-FARM PAYROLLS DATA IN FOCUS
Investors are now waiting for critical jobs data from the United States for indications on whether its latest stimulus measures are having the desired effect on the labour market.
A better-than-expected number could temper the sentiment in gold, as it could argue that the Fed’s latest bond purchase programme – a monthly $40 billion injection of liquidity – would be less necessary.
The Fed may adopt numerical thresholds for inflation and joblessness that would serve as guideposts for monetary policy, according to minutes from last month’s policy meeting.
Among other precious metals, spot platinum rose to a more than seven-month high of $1,726.49 earlier in the day, on course for its ninth consecutive session of gains and a weekly rise of nearly 4 percent.
Platinum prices have been boosted by a labour unrest in South Africa that has spread to more mines run by the world’s top platinum producer Anglo American Platinum.
Spot palladium, which hit $675.50 on Thursday – its highest in more than two weeks, was at $665.47. It was headed for a weekly rise of more than 5 percent.

Sumber : Google

Harga 10 Oktober Gold & Silver Jenama Public Gold ...



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Nama: Ir. Abdul Razak Bin Haji Kamarudin

PG Code: PG 6751

Status: Master Dealer



Sebarang pertanyaan berhubung dengan pelaburan logam emas tulen fizikal dan logam perak tulen fizikal ... Mahu mendapatkan khidmat nasihat dan strategi untuk menjana keuntungan dengan logam ini atau pun perlukan "direct personnel coaching" ... Sila hubungi saya di talian:

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09/10/2012

Berita Semasa 8 Oktober 2012 ...

Duetsche Bank sees 2013 Gold at $2113,Silver at $44

Deutsche Bank increased its 2013 outlook on silver by 3% to $44/oz and its 2014 forecast by 11.1% to $40/oz.

BERLIN(BullionStreet): Germany's Deutsche Bank AG raised it's gold and silver outlook by 3 percent for 2013.
According to a research report by the bank, gold forecast for 2013 raised by 3 percent to $2113 an ounce while the 2014 outlook was raised by 11.1% to $2,000/oz.
Next year, the price of gold could exceed $2,200/oz, it said.
Similarly, Deutsche Bank increased its 2013 outlook on silver by 3% to $44/oz and its 2014 forecast by 11.1% to $40/oz.
A major support for precious metal prices are the recent moves by central banks to expand their balance sheet, said the bank.
Since gold is often sought as a hedge against currency weakness and inflation at times of loose monetary policy, such moves tend to boost its appeal to investors.
"We believe central bank action to stimulate growth, avoid deflation and reduce systemic risk is unambiguously bullish for the precious metals sector and specifically gold," said Michael Lewis, a research analyst at Deutsche Bank.
"While we have targeted gold prices moving above $2,000/oz since the beginning of 2011, we believe the Fed's open-ended program of QE announced last month increases our confidence that a surge in the gold price above this level is only a matter of time," he added.

SUMBER : GOOGLE

Harga Semasa Gold 7 Oktober 2012 ....

Berita Semasa 6 Oktober 2012 ...

Medium to long term outlook for Gold remains bullish

NEW YORK (Commodity Online): Medium to long term outlook for Gold remains Bullish, said Adrian Day, the president of Adrian Day Asset Management, although he would not be surprised by a short-term correction after a rally in the third quarter.
“August and September are traditionally strong months for gold, while there is usually a pullback in October, before resumption in November picking up at the end of the year,” said the Fund manager.
“So such a price retreat in the immediate term will not cause too much concern, though we are taking some gains in the gold stocks before this correction. We fully expect new highs by early next year, if not this,” Adrian added.
Gold’s fundamentals remain constructive, citing central-bank buying and investor interest as a defense against depreciating currencies. These factors offset the recent declines in buying from India and China, the two largest gold markets.
“Purchases of physical gold ETFs continue to increase, clear evidence of the net buying. At the same time, the supply of gold is not increasing much,” he continued.
Further, he noted that Japanese pension funds have begun buying gold, as others around the world may as well.

Global gold prices ended the United States day session modestly lower on Tuesday, on some profit-taking pressure and chart consolidation following Monday’s gains that saw prices hit a seven-month high.
December gold last traded down $6.50 at $1,776.80 an ounce on the Comex division of the New York Mercantile Exchange. Spot gold was last quoted down $0.80 an ounce at $1,775.25. December Comex silver last traded down $0.282 at $34.67 an ounce.

SUMBER: GOOGLE

Welcome On Board "Puan Zuri" ...

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Makin ramai yang sudah mula celik gold dan mengambil kesempatan untuk menjadi seorang pelabur logam emas tulen fizikal ... Kesempatan ini saya ingin mengambil kesempatan untuk mengucapkan "Welcome On Board" kepada "Puan Zuri" yang telah mengambil tindakan yang bijak untuk menyertai "Rangkaian Pelabur Emas Perak" ... Beliau telah mengetahui bahawa logam emas tulen fizikal adalah merupakan instrumen kalis inflasi dan telah terbukti sejak sekian lama ... Tahniah diucapkan ! ! !



Rebut lah peluang untuk memiliki logam emas tulen fizikal pada masa sekarang ini yang masih di bawah USD1800 per 1 auns ...

Jika anda sudah membeli sendiri di Pejabat Public Gold ... Sewaktu untuk mengisi borang menjadi Customer atau Dealer ... Jangan lupa tuliskan nama saya sebagai "Introducer" tauuuuuu ...

Nama: Ir. Abdul Razak Bin Haji Kamarudin

PG Code: PG 6751

Status: Master Dealer



Sebarang pertanyaan berhubung dengan pelaburan logam emas tulen fizikal dan logam perak tulen fizikal ... Mahu mendapatkan khidmat nasihat dan strategi untuk menjana keuntungan dengan logam ini atau pun perlukan "direct personnel coaching" ... Sila hubungi saya di talian:

PELABUR EMAS PERAK
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Wassalam.

-Ir. AJAK-

06/10/2012