Press review - page 65

Sergey Golubev
Moderator
113440
Sergey Golubev  

Based on Bear Market Cycle Bottom Forming in Gold and Gold Stocks Right Now article

  • The precious metal as we all know peaked in the fall of 2011 at $1923 per ounce, and the Bullish percent index was at 80%! Usually at 30% or so, they are bottoming out in most cases.
  • We saw a rare case in the summer of 2013 where the Bullish percent index for Gold stocks was at 0%, yes that is not a miss-print.
  • Gold bottomed at 1181 in late June 2013, and then rallied up to 1434 and we saw Gold stocks rally 40-80% in individual cases and the Bullish percent index rallied up to 55%.
  • If we fast forward to December 2013, we have Gold pulling back in the final 5th wave down from the Bull cycle highs in August 2011 at $1923. The Bullish percent index is back to 10% and heading towards 0 or close once again.* At the same time, the Gold miners index ETF (GDX) is at 5 year lows and even lower than June-July 2013 lows.
Bear Market Cycle Bottom Forming in Gold and Gold Stocks Right Now!
Bear Market Cycle Bottom Forming in Gold and Gold Stocks Right Now!
  • David Banister
  • www.thetechnicaltraders.com
David A Banister – www.MarketTrendForecast.com Today we take a look at the Bullish Percent Index chart relative to Gold’s cycle and Gold Stocks. Essentially it tells you what percentage of Gold sector stocks are at or above a moving average, which normally would be 50 days. When 70% or more are above a 50 day moving average, sectors can be...
Sergey Golubev
Moderator
113440
Sergey Golubev  

China Industrial Profits Rise 13.2%

Industrial profits in China were up 13.2 percent on year in the period of January to November, the National Bureau of Statistics said on Friday - coming in at 5.33 trillion yuan.

That's down from the 13.7 percent annual increase in the year through October.

For November, total industrial profits gained 9.7 percent to 707.48 billion yuan - down from the 15.1 percent yearly gain in October.

China Industrial Profits Rise 13.2%
China Industrial Profits Rise 13.2%
  • www.rttnews.com
Industrial profits in China were up 13.2 percent on year in the period of January to November, the National Bureau of Statistics said on Friday - coming in at 5.33 trillion yuan. That's down from the 13.7 percent annual increase in the year...
Sergey Golubev
Moderator
113440
Sergey Golubev  
Investors don’t lose hope, buy gold in 2014 - The Economic Times
Investors don’t lose hope, buy gold in 2014 - The Economic Times
  • Nikhil Walavalkar
  • economictimes.indiatimes.com
MUMBAI: Gold has disappointed many investors in 2013. Mumbai standard gold prices are down from Rs 30,490 on December 31, 2012 toRs 29,720 on December 23, 2013, a loss of 2.52%. The modest loss does not depict the true picture. It is best captured by the volatility registered by the high of Rs 33,265 and low of Rs 25,130, all thanks to...
Sergey Golubev
Moderator
113440
Sergey Golubev  

How to Trade the Aussie Dollar Head and Shoulders Pattern

  • The Head and Shoulders is bearish reversal pattern consisting of a higher swing high with lower swing highs on either side.
  • A rising trend line drawn along the bottom of the pattern can be used as a sell zone
  • Measuring the distance in pips from the top of the pattern to the neckline give a conservative profit projection.


According to Thomas Bulkowski, author of The Encyclopedia of Chart Patterns, the Forex head and shoulders price pattern is tied for the number 1 spot for best performing chart patterns alongside the Forex bull flag pattern. As with all most patterns, they give Forex traders valuable clues in determining future price direction and act as road signs along the trend highway. There are rules that must be observed when this pattern is recognized. Knowing where to enter, where to exit for profit and knowing where to exit if this pattern fails are the three things that traders need to get from this pattern.

How to Trade the Aussie Dollar Head and Shoulders Pattern
How to Trade the Aussie Dollar Head and Shoulders Pattern
  • Gregory McLeod
  • www.dailyfx.com
pattern. As with all most patterns, they give Forex traders valuable clues in determining future price direction and act as road signs along the trend highway. There are rules that must be observed when this pattern is recognized. Knowing where to enter, where to exit for profit and knowing where to exit if this pattern fails are the three...
Sergey Golubev
Moderator
113440
Sergey Golubev  

Price of Gold in 2014




This has been a terrible year for gold, with the SPDR Gold Trust and spot gold prices falling by more than 25%. Many gold-mining stocks have suffered even larger declines, as the Market Vectors Gold Miners ETF lost more than half its value this year. But with gold just barely hanging above the $1,200-per-ounce level, do investors have any reason to hope that the price of gold in 2014 will bounce back after the first losing year for the yellow metal since the turn of the millennium? Let's take a look at some of the factors that caused 2013's declines and see if they're likely to persist into 2014 and beyond.

What will affect the price of gold in 2014?

The biggest factor that could affect the price of gold in 2014 is the policy that the Federal Reserve sets. A big part of the weakness in gold prices in 2013 came from the Fed's moves toward tapering back on its quantitative easing, with even the threat of reduced bond-buying helping to push interest rates substantially higher. Low interest rates have supported gold prices for years, as investors haven't had to give up appreciable income-earning opportunities when they owned gold bullion. Now, though, as the 10-year Treasury yield has pushed back up 3%, gold investors face a rising opportunity cost when they choose to put their money into gold rather than income-producing assets.

Price projections on gold

UBS 2014 estimate

$1,200

Goldman Sachs 2014 estimate

$1,050

ANZ 2014 estimate

$1,450

Morgan Stanley 2014 estimate

$1,313

Price of Gold in 2014: More Declines to Come?
Price of Gold in 2014: More Declines to Come?
  • 19.25 None
  • Dan Caplinger
  • www.fool.com
This has been a terrible year for gold, with the SPDR Gold Trust (  ) and spot gold prices falling by more than 25%. Many gold-mining stocks have suffered even larger declines, as the Market Vectors Gold Miners ETF (  ) lost more than half its value this year. But with gold just barely hanging above the $1,200-per-ounce level, do investors...
Sergey Golubev
Moderator
113440
Sergey Golubev  

Coinsetter to raise $1.5 million for Further Expansion

Despite several hurdles coming from the Asian countries like China and India that issued guidelines recently about the use of Bitcoin by customers, the demand for Bitcoin has not yet diminished. Venture capitalists are eager to invest in startups as well as established Bitcoin companies; in the league is Coinsetter Inc., a Bitcoin trading platform.

Now, Coinsetter Inc. has filed an application with the U.S. Securities and Exchange Commission to raise $1.5 million. A lot of enthusiasm was seen among the venture capitalists that flocked for it. Nevertheless, the ambitious fundraising plans were disclosed in a filing with the U.S. Securities and Exchange Commission.

The Company Wants Even More

In his statement Jaron Lukasiewicz, Coinsetter’s chief executive officer, said that though currently the company plans to raise $1 million, it would not mind to bring in more as it is will need more funds for further expansion, particularly when Bitcoin is becoming popular every passing day despite prices falling to half in the same month from the highest $1200.
There is no dearth of venture investors who have been seeking out Bitcoin-related companies when the digital currency became a hit. One mega hit was Coinbase Inc., a provider of online Bitcoin accounts. This company raised $25 million earlier this month in funding led by Andreessen Horowitz.

Coinsetter, the New York based company said that it is dedicated to making Bitcoin safe and easy to use for all its customers which are currently open only to friends and family. The major service it offers for customers is that it aggregates Bitcoin prices from multiple exchanges, and offers charting tools for market analysis and provides a trading system for them.

The company which earlier in April this year raised $500,000 from venture investors, majorly from SecondMarket Inc. CEO Barry Silbert’s Bitcoin Opportunity Fund, hopes that this time it will get better response. Though there were some issues earlier this year when Coinsetter along with 21 other digital-currency companies were subpoenaed by New York’s top banking regulator, things are quite easy for now.

Bitcoin which is facing challenges in China and India which could provide impetus to the digital currencies, has got a better reaction so far in the U.S., as the Treasury Department’s Financial Crimes Enforcement Network has said that Bitcoin businesses may be considered money transmitters for the purpose of complying with anti-money laundering laws.

Coinsetter to raise $1.5 million for Further Expansion - Forex Minute - Financial News | Stock Market | Trading Commodities | Binary Options Updates - Forex Minute Portal
Coinsetter to raise $1.5 million for Further Expansion - Forex Minute - Financial News | Stock Market | Trading Commodities | Binary Options Updates - Forex Minute Portal
  • View all of Deepak Tiwari's Articles »
  • www.forexminute.com
Despite several hurdles coming from the Asian countries like China and India that issued guidelines recently about the use of Bitcoin by customers, the demand for Bitcoin has not yet diminished. Venture capitalists are eager to invest in startups as well as established Bitcoin companies; in the league is Coinsetter Inc., a Bitcoin trading...
Sergey Golubev
Moderator
113440
Sergey Golubev  

AUDUSD Technical Analysis : December 30 - January 3

The Australian dollar slumped to a one-week low against its U.S. counterpart on Friday, as indications of an improving U.S. economy fuelled expectations of a further reduction in U.S. monetary stimulus.

Monday, December 30

The U.S. is to release private sector data on pending home sales, a leading indicator of economic health.

Tuesday, December 31

Australia is to produce data on private sector credit.

Meanwhile, the U.S. is to produce private sector data on consumer confidence and house price inflation, as well as a report on manufacturing activity in the Chicago region.

Wednesday, January 1

China is to publish government data on manufacturing activity, a leading indicator of economic health. The Asian nation is Australia’s largest trade partner.

Markets in Australia and the U.S. will remain closed for the New Year’s holiday.   

Thursday, January 2

China is due to release the final reading of its closely watched HSBC manufacturing PMI.

In the U.S., the Institute of Supply Management is to release its manufacturing PMI, while the Labor Department is to release its weekly report on initial jobless claims. The country is also to publish data on construction spending.

Friday, January 3


The U.S. is to round up the week with official data crude oil stockpiles and natural gas inventories.

Forex - AUD/USD weekly outlook: December 30 - January 3
Forex - AUD/USD weekly outlook: December 30 - January 3
  • Investing.com
  • www.investing.com
Investing.com - The Australian dollar slumped to a one-week low against its U.S. counterpart on Friday, as indications of an improving U.S. economy fuelled expectations of a further reduction in U.S. monetary stimulus. AUD/USD fell to 0.8862 on Friday, the pair’s lowest since December 20, before subsequently consolidating at 0.8869 by close of...
Sergey Golubev
Moderator
113440
Sergey Golubev  

EURUSD Technical Analysis : December 30 - January 3

The euro surged to the highest level since October 2011 against the U.S. dollar on Friday, with moves amplified in poor year-end liquidity after European Central Bank Governing Council member Jens Weidmann warned against keeping interest rates low.

Monday, December 30

Italy is to hold an auction of five-and-ten-year government debt.

Meanwhile, the U.S. is to release private sector data on pending home sales, a leading indicator of economic health.

Tuesday, December 31

Markets in Germany will remain closed for New Year’s Eve. Meanwhile, the U.S. is to produce private sector data on consumer confidence and house price inflation, as well as a report on manufacturing activity in the Chicago region.

Wednesday, January 1

Markets in Europe and the U.S. will remain closed for the New Year’s holiday.   

Thursday, January 2

The euro zone is to release revised data on its manufacturing PMI, while Spain and Italy are also to release individual reports.

Later in the day, the Institute of Supply Management is to release its manufacturing PMI, while the Labor Department is to release its weekly report on initial jobless claims. The U.S. is also to publish data on construction spending.

Friday, January 3

In the euro zone, Spain is to publish data on the change in the number of people employed.

The U.S. is to round up the week with official data crude oil stockpiles and natural gas inventories.

Forex - EUR/USD weekly outlook: December 30 - January 3
Forex - EUR/USD weekly outlook: December 30 - January 3
  • Investing.com
  • www.investing.com
Investing.com - The euro surged to the highest level since October 2011 against the U.S. dollar on Friday, with moves amplified in poor year-end liquidity after European Central Bank Governing Council member Jens Weidmann warned against keeping interest rates low. EUR/USD rallied to 1.3894, the strongest level since October 31, 2011, before...
Ronnie Mansolillo
6217
Ronnie Mansolillo  
EFC
EFC
  • ebm.email.efinancialcareers.com
Wall Street in 2014 may find lucrative deals with China’s banks - though not as much as in the recent past. It is still fresh in many traders’ memories how Wall Street made millions of dollars when Chinese banks went public. Now, U.S. investment banks are raising capital for China to address bad debts, according to The Wall Street Journal...
Sergey Golubev
Moderator
113440
Sergey Golubev  

Brent Crude May Weaken for a Second Year in 2014

Some estimates say that prices will average $105 a barrel in 2014; thus, it is lower than $108.71 in 2013. The decline is though not unexpected given the market’s behavior this year so far, observers believe that it is definitely leaving out the investors as they are not so optimistic about it.

Brent Crude May Weaken for a Second Year in 2014 - Forex Minute - Financial News | Stock Market | Trading Commodities | Binary Options Updates - Forex Minute Portal
Brent Crude May Weaken for a Second Year in 2014 - Forex Minute - Financial News | Stock Market | Trading Commodities | Binary Options Updates - Forex Minute Portal
  • View all of Jonathan Millet's Articles »
  • www.forexminute.com
According to market observers, Brent crude prices which are working as the benchmark for half the world’s oil will weaken for a second year in 2014. This is expected to happen as U.S. output will be expanding to a great extent. The signals for enhanced oil output came this year itself. Then there is another threat from the Middle East and North...