25 November 2012
24 November 2012
Berita Semasa 24 November 2012 ...
Silver Dollar Values Prices Skyrocketing, GFMS: Silver Price Climbing 38% In 2013 by Carol A. Parker
If the US fiscal cliff isn’t sorted out it'll weigh on the dollar and benefit gold however the fiscal cliff is just the preliminary bout in many challenges facing the $16.15 trillion indebted US economy. The CME Group reduced margins on gold and silver futures contracts in a bid to ignite trading interest that is bullish from a contrarian viewpoint.
Gold demand continues to be powerful. The SPDR Gold Trust holdings grew to 1,339.616 tonnes by Nov. 15, just a tad off the record high of $1,340.521 tonnes hit in October. John Paulson kept a significant stake in gold in Q3 2012, a confidence increase to bullion's appeal as a hedge against financial uncertainty, a US regulatory filing showed on Thursday. While John Paulson kept his present stake in the SPDR Gold Trust (NYSE:GLD), Soros elevated his holding in the gold trust by 49% to 1.32 million shares.
Soros and his team, in contrast to many “expertsâ€, obviously believe gold is not a bubble and can shield and grow his wealth in the coming years. Paulson, who became a billionaire in 2007 by wagering against the subprime mortgage market, owns about 5% of the SPDR Gold Trust, based on information compiled by specialists.
U.S. Securities and Exchange Commission filing for third- quarter holdings showed that Paulson & Co., the largest investor in the ETP, kept its stake at 21.8 million shares. While Bacon’s Moore Capital Management LP acquired 1.8 million shares in Sprott Physical Gold Trust last quarter. While buying shares in the Sprott Physical Gold Trust, Moore Capital reduced holdings in the SPDR Gold fund by 20,000 shares to 100,000 last quarter. Patrick Clifford, a spokesman for New York-based Moore, declined to comment around the filing. Michael Vachon, a spokesman for Soros, did not reply to an e- mail sent by reporters.
Their liquidation of the SPDR Gold Trust is an interesting development and one that might be seen more often in the coming months due to concerns about the counter party risk in the SPDR Gold Trust. Scout Capital Management LLC boosted holdings in the SPDR Gold Trust by 525,000 shares to 1.14 million shares, a filing showed yesterday. Global ETP holdings reached a record 2,596.1 metric tons on Nov. 8 amid speculation that stimulus efforts will increase as the U.S. faces a so-called fiscal cliff of $607 billion in tax gains and spending cuts next year should Congress fail to act.
Thomson Reuters GFMS has published research that says they project silver prices to rise 38% in 2013 from present levels, as a sluggish global economic climate increases safe haven demand.
The bullish silver GFMS forecast was published on the Silver Institute website yesterday and is unusual as the GFMS have been quiet bearish on silver in recent years despite rising prices.
Philip Klapwijk of GFMS said “a rebound in investment demand stemming from continuing loose monetary policies is expected to drive silver prices towards and possibly over $50 during 2013.â€
Spot silver has risen over 17% this year overtaking gold’s 10% gain, and paving the way for its third consecutive rise in four years. Learn More >>> SILVER
"Strong investment demand, higher gold prices on the back of monetary easing, rising inflation expectations and the persistence of ultra-low interest rates," are among the factors that will lure buyers to the safety of silver,†said Philip Klapwijk of GFMS.
"We are thinking prices will trend higher next year. I'm not convinced that we are going to $50. I think we will definitely see $40 to $45 prices."
Powerful silver demand is seen by the increase of 4.5% in holdings of the iShares Silver Trust, the largest silver backed ETF. Klapwijk said, "In China, for example, jewelry demand is growing at a double digit pace," and predicts silver prices to trade between a low of $30.90 and a high of $36 for the rest of 2012.
Weaker industrial fabrication demand for silver is due to cuts in solar power subsidies in Europe which decreased demand from the electronics field and photovoltaic end users hence increasing the silver supply. In addition mine production has climbed 4% in 2012 said Klapwijk. In view of these happenings, my recommendation would be to buy silver bullion and gold bullion personally and hold it yourself. Looking For Silver Dollar Values? Silver Dollar Values
Sumber : Google
23 November 2012
Berita Semasa 23 November 2012 ...
China produces 288.2 tons of Gold till Sep this year
World's largest gold producer China produced 288.2 tons of the yellow metal in the first nine months of this year.
BEIJING(BullionStreet): World's largest gold producer China produced 288.2 tons of the yellow metal in the first nine months of this year.
China’s Ministry of Industry and Information Technology said this was an increase of 11.3 percentb from same period during last year.
However, it said in September , gold production slowed down to 38.5 tons from 41.4tons in August. China became the world's largest gold producer in 2007.
Its gold output reached 360.957 tonnes in 2011, rising 5.9% on year.
China's booming gold industry reported $20 billion of gross industrial output value in 2009,an increase of 19%, compared to the previous year.
Nearly 60% of China's gold output last year came from the five producing provinces such as Shandong, Henan, Jiangxi, Fujian, and Yunnan.
The ten largest gold firms produced 149 tonnes,47.3%, of the country's total output. China had more than 700 gold producers in 2009, down from more than 1,200 firms in 2002 as the industry consolidated.
Experts expects China to overtake India as the world's largest gold consumer in 2009. Total Chinese demand is forecast to reach 432 tonnes as investors defy record bullion prices.
Sumber : Google
22 November 2012
Berita Semasa 22 November 2012 ...
‘We would not be surprised to see gold prices reach $2,200/oz’—ScotiaMocatta
“Given the concern over EU and US debt and the ongoing quantitative easing, we remain bullish for gold,” says ScotiaMocatta in its Precious Metals 2013 Forecast for gold.
Even though dollar gold prices are relatively strong, ScotiaMocatta, the gold bullion banking division of Scotiabank, observes that gold in a host of currencies has reached record highs this year.
“What is interesting is that this represents a mixture of developed and emerging economies, which highlights the broad-based appeal of gold as an alternative currency.’
Meanwhile, “having consolidated between September 2011 and September 2012, we feel gold prices have started another up leg that is likely lead to new highs during 2012,” ScotiaMocatta said.
In their November 2012 Precious Metals Forecast, ScotiaMocatta declared “we would not be surprised to see prices reach $2,200/oz. Should prices undergo another correction in the short term then we would look for good support around $1,600/oz.”
“Eventually, once the bull market has run its course and there is less need for safe-havens, then we would look for prices to retrace back towards $1,100/$1,200/oz as investment gold is liquidated and supply surges, but we certainly do not expect that to happen in the year ahead.”
In their analysis, ScotiaMocatta acknowledged, “There remain a multitude of factors influencing the gold price, but one of the main reasons we are still bullish is because of the mess the Western world is in.”
“Europe has a debt problem that is proving all but impossible to solve and all efforts to date have revolved around throwing more money at the problem to avoid the monetary system from breaking down,” ScotiaMocatta observed. “That should be reason enough to be bullish for gold and we think the latest move higher in gold prices shows that it is.”
“It is hard to have much confidence in the economic outlook and in governments’ ability to get a grip with all the interlinked problems.”
“As faith in policymakers wanes with their handling of the crises, we expect investors will not want all their wealth backed by paper assets and therefore will look to spread their risk by holding gold and other hard assets,” ScotiaMocatta noted. “Greater monetarisation of gold is likely to be bullish for prices.”
“Overall, we do not think we have seen the peak in gold yet as we think the world’s financial problems are far from over. However, the higher the gold price goes the more volatile trading is likely to become and the more nervous investors and funds are likely to be,” ScotiaMocatta cautioned.
Sumber : Google
21 November 2012
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