Download MetaTrader 5

Gold & Silver Analyses

To add comments, please log in or register
Find out how your rating can be improved
MMI GROUP NZ LIMITED
147
MMI GROUP NZ LIMITED 2014.01.04 21:59 

3/Jan/2014

Gold:

Traders returned from vacation and their enthusiasm rose strongly, especially precious metals was not affected by news and bucked the trend. Fed officials will make speech intensively tonight and tomorrow which is the event focused on. MMI GROUP Trust Fund Team thinks the downward trend of gold is full, but this wave of downward trend since October 19 has gone bad, appearing broken phenomenon. A wave of upward may appear, considering to go long at low above 1219 and maybe testing 1252 line again or even higher.

Upward resistance: 1224.60 / 1252 / 1267.80

Downward support: 1219 / 1212.70 / 1187.20

Silver:

Silver is in broad range between 20.50 and 18.70 so far, direction will be clear once breaking box.

Upward resistance: 20.50 / 20.90

Downward support: 19.80 / 19.30 / 19

Files:
1_1.jpg 65 kb
2_2.jpg 74 kb
thenews
28541
thenews 2014.01.05 09:56  

Gold "Speculation" Drops To Record Low

While the last two days of relative excitement in the precious metals are noteworthy in their bucking-the-trend of recent months, there is perhaps a much more critical 'trend' that may finally allow the demand for physical gold to peer through the veneer of synthetic paper pricing. As JPMorgan notes, speculative positions (defined CFTC net longs minus shorts) have dropped to record lows in the last few weeks. With ETF gold holdings back below 'Lehman' levels and gold coin sales elevated, perhaps the Indian government's (and most of the Western world's Feds) hope for the death of the precious metals market is greatly exaggerated...

Gold Spec positions at record lows...

"Paper" Gold ETF Holdings at pre-Lehman crisis levels...

read more

MMI GROUP NZ LIMITED
147
MMI GROUP NZ LIMITED 2014.01.06 09:48  

6/Jan/2014 Gold & Silver Analyses

Gold:

Closed on Jan 3, the gold price of U.S. COMEX in February rose $13.40, or 1.1%. Richmond Fed President Jeffrey Lacker said on Friday that the Federal Reserve’s decision to cut bond buying in the last meeting is very right, because the U.S. job market is gradually improving. He expected the Federal Reserve will further discuss the matter on cutting bond buying in the future meeting. MMI GROUP Trust Fund Team thinks, although gold broke the downlink channel last week since October 29, but is still running in the downward trend since the peak of August 28. Currently it is likely to test the top edge of downlink channel.

Upside resistance: 1252 / 1267.80

Downside support: 1227 / 1212.70 / 1187.20

Silver:

Silver is still in the shock area, but the downward trend does not go bad. 20.50 the following It is still primarily short thinking under 20.50.

Upside resistance: 20.50 / 20.90

Downside support: 19.80 / 19.35

This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.

Files:
1_8.jpg 48 kb
2_6.jpg 56 kb
thenews
28541
thenews 2014.01.06 18:32  

Gold Just Flash Crashed

Gold just got slammed by a big trade. Check out the chart below (via Nanex).

As the volume sub-graph shows, over 10,000 futures contracts were traded at 10:14 AM ET, seeing the price of the metal fall from $1245.50 an ounce to a low of $1212.60 before rebounding back to current levels around $1234.

source

Files:
gold.png 58 kb
MMI GROUP NZ LIMITED
147
MMI GROUP NZ LIMITED 2014.01.08 09:56  

8/Jan/2014 Gold & Silver Analyses

Gold:

Eurostat data released on Tuesday displayed, the consumer price index (CPI) of euro zone on December is less than the expected 0.9%.The Eurozone faces the risk of inflation further falling again.

Improvement of U.S. trade balance boosts the dollar but suppresses precious metals. The ADP national employment report in December and the Fed's December meeting minutes on Friday, will lead to hot spots again. MMI GROUP Trust Fund Team thinks the downward trend is full and still do bear market at 1267.80. Focus on 1212.70 line in the day, if stabilize above the line, can consider light storehouse and more single to participate.

Upside resistance: 1233 / 1252 / 1267.80

Downside support: 1219 / 1212.70

Silver:

Silver is still running in tank shock, short thinking below 20.50, if effectively breakthrough the bottom of tank, then the downward space open further. Non-farm in this week may make silver have a more positive performance.

Upside resistance: 20.50 / 20.90

Downside support: 19.35 / 18.70

This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.

Files:
1_10.jpg 59 kb
2_8.jpg 58 kb
thenews
28541
thenews 2014.01.08 22:43  

Proof Gold's Latest Slam Was Not A "Fat Goldfinger"

With December's "fat finger" in US Treasury Futures proved as nothing but an HFT algo gone wild, Nanex has turned its deep-thought to the recent halt in gold futures markets. Their conclusion, this was not the result of a fat finger, but rather the work of a high frequency trading algorithm that would pause, and (probably) test the market before continuing. A fat finger would not have had such distinguishing features.

December's bond melt-up was not a fat finger but an HFT algo gone wild..

Video replay of trading action in T-Bond Futures casts doubt that this was a "fat-finger" event

A fat-finger trade would send prices straight up, but video replay clearly shows pauses and ample back-and-forth trading.

And so was the recent gold smack down...

Via Nanex,

On January 6, 2014 at 10:14:13, Gold futures plummeted $30 on heavy volume. About 4,200 contracts send gold futures prices tumbling $30 and trigger a 10 second trading halt.

Update - 8-Jan-2014

The chart below shows the entire $30 drop in the price of Gold futures that occurred in just under 100 milliseconds (1/10th of a second). When we separated groups of trades by a jump in the exchange sequence number (a technique to determine the size of a larger order) we discovered there were 9 groups where the sum of the trade sizes was exactly 338 contracts! Each group is composed of widely different number of trades (211, 186, 120, 193, 97, 193, 137, 112 and 109 to be precise), yet the sum of the sizes of each group totals exactly 338. We show these 9 groups in the chart below. What's more, there are other trades occurring between these groups of 338 contracts.

What this tells us is that this was not the result of a fat finger, but rather the work of a high frequency trading algorithm that would pause, and (probably) test the market before continuing. A fat finger would not have had such distinguishing features.

read more

MMI GROUP NZ LIMITED
147
MMI GROUP NZ LIMITED 2014.01.09 11:31  

9/Jan/2014 Gold & Silver Analyses

Gold:

The Fed's policy meeting minutes from 18 to 19 December published on Wednesday revealed that the Fed thought the economic boost brought by quantitative easing bond purchase monthly has begun to weaken. after the release of meeting minutes, the dollar briefly rose, but the impact did not kept for a long time, soon returned most rising. MMI GROUP Trust Fund Team considers gold is doing concussion run, currently trading is relatively light, waiting for the interest rates of European central bank and Bank of England today and non-farm performance on Friday, can consider light storehouse build more at low order in a day, but still short thinking mainly.

Upside resistance: 1233.10 / 1248.50

Downside support: 1212.70 / 1199

Silver:

Silver can do short-term bullish thinking in a day or two, but still short market below 20.50.

Upside resistance: 19.90 / 20.50 / 20.90

Downside support: 19.40 / 19 / 18.70

This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.

Files:
1_11.jpg 56 kb
2_9.jpg 56 kb
thenews
28541
thenews 2014.01.13 17:22  

Gold And Silver Are Spiking

Following this morning's smackdown, it appears low prices encouraged demand and in the last few minutes, gold and silver turned green for the day and surged on heavy futures volume back above $1250 and $20.25 respectively.

source

MMI GROUP NZ LIMITED
147
MMI GROUP NZ LIMITED 2014.01.14 09:51  
14/Jan/2014 Gold & Silver Analyses

Gold:

The market was closed yesterday and is relatively light because of the Coming-of-Age Day in Europe and the United States. MMI GROUP Trust Fund Team thinks the concern on slowing down the QE speed byFed was caused by the non-agricultural data last week, which is good for commodity currencies. Gold ended positively for three consecutive days, but the downward trend is still well-defined, short thinking is dominant. Currently focus on the top edge of the downlink channel, if effectively break, may be out of a large correction rally.

Upside resistance: 1267.80 / 1278.80

Downside support: 1238 / 1212.70

Silver:

The terrible non-agricultural report last week made silver shock upstream, but still below 20.50. The 20.50 line is the most important long-short watershed, short trend may remain if cannot break effectively.

Upside resistance: 20.50 / 20.40

Downside support: 19.90 / 19.40

Files:
3.jpg 55 kb
2.jpg 55 kb
thenews
28541
thenews 2014.01.14 19:11  

Gold Monkey-Hammered As Stocks Spike

Well that escalated quickly... As Europe closes, the precious metals complex is slaughtered on the altar of higher stocks and lower bond prices...

We can only imagine the fiduciary that would wait til the last mnute to bulk sell as much nominal paper gold and silver as this...

And for a sense of the volume...

source

MMI GROUP NZ LIMITED
147
MMI GROUP NZ LIMITED 2014.01.16 04:30  

15/Jan/2014 Gold & Silver Analyses

Gold:

Precious Metals sharply went downward yesterday after two hawks of Fed, Fisher and Plosser, newly won voting right and issued the strong views to support an early end to QE. MMI GROUP Trust Fund Team thinks the downward trend of Gold is in whole, without touching the lower edge of downlink channel yesterday, and has broken the recent upward trend, the short information is strong now. Our advice is to sell at high intraday, many holdings need be cautious, can consider longs to participate in until appears effectively break downward trend.

Upside resistance: 1245.50 / 1255.40 / 1267.90

Downside support: 1238.10 / 1227.10

Silver:

Silver peaked by the influence of Fed comments yesterday, but quickly fell back to the turbulence field, did not effectively breakthrough 20.50 line, showing bears power still prevail. Investors can consider empty single participate in at high intraday.

Upside resistance: 20.50 / 20.90 / 21.40

Downside support: 19.90 / 19.30

This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.

Files:
1_1.jpg 57 kb
2_2.jpg 60 kb
12345678...165
To add comments, please log in or register