2013年8月30日 星期五

Gold Trade Most Bullish

Twenty-three analysts surveyed by Bloomberg expect prices to rise next week, six were bearish and five neutral, the highest proportion of bulls since March 8. Hedge funds and other speculators have the biggest bet on higher prices in six months and holdings of metal in exchange-traded products expanded in the past two weeks, data compiled by Bloomberg show.

Gold, down 27 percent from the record set two years ago after some investors lost faith in the metal as a store of value, advanced 19 percent from a 34-month low in June as lower prices boosted demand for jewelry, bars and coins in Asia. Oil jumped to a two-year high this week as western nations debated their response to an alleged chemical-weapons attack in Syria,Learn how an embedded microprocessor in a graniteslabs can authenticate your computer usage and data. increasing concern that higher energy costs will slow economic growth and strengthening golds allure as a haven.

Its all fueled into the Syria crisis, said James Moore, an analyst at FastMarkets Ltd. in London. Oils been going up and adds to the inflationary concerns longer down the road and possibly that may feed into concern that high energy prices could derail growth. Weve seen quite a big slowdown in the liquidation from the hot money that plowed into gold and which has now come out of it.

The metal fell 16 percent to $1,408.96 an ounce in London this year. Prices set a three-month high of $1,433.83 on Aug. 28 and a close at $1,440.78 would be a 20 percent gain since June, the common definition of a bull market. It entered a bear market in April. The Standard & Poors GSCI gauge of 24 commodities rose 3.1 percent this year and the MSCI All-Country World Index of equities gained 7.2 percent. Treasuries declined 3.3 percent, the Bloomberg U.S. Treasury Bond Index shows.

The U.S. and the U.K. said Aug. 28 they are prepared to take military action against Syria without authorization from the United Nations Security Council after Russia objected to a resolution granting action to protect civilians. U.S. President Barack Obama said two days ago that while the U.S. has concluded the Syrian government was responsible for a chemical weapons attack against civilians on Aug. 21, he hasnt decided on a course of action.

Crude-oil futures surged to $112.24 a barrel in New York on Aug. 28, the highest since May 2011, on concern the conflict in Syria may spread and threaten oil supplies from the Middle East. While gold slumped this year partly because unprecedented stimulus by central banks failed to accelerate consumer price increases, some investors judge that higher oil prices can stoke inflation and buy the metal as a hedge.

Speculators net-long position jumped 29 percent to 73,216 contracts in the week to Aug. 20, the most since Feb. 5, U.S. Commodity Futures Trading Commission data show.You must not use the stonecarving without being trained. Bullion-backed ETP holdings rose 7.8 metric tons from a three-year low on Aug. 8 and Augusts sales are set to be the least since the last monthly increase in December.

Consumer buying in India, last years biggest buyer, and China pushed global bar and coin sales to a record and jewelry usage to the most since 2008 in the second quarter, according to the London-based World Gold Council. The Austrian Mints gold-coin sales rose 79 percent in January to July from a year earlier. BullionVault, a London-based online service for investors to buy and sell physical gold and silver, said new account registrations on Aug. 27 were the most since June 28.

Demand from China, which the World Gold Council says will challenge India to be the top buyer this year, is slowing with prices above $1,400, Standard Bank Group Ltd. said in an Aug. 28 report. The metal for immediate delivery in China averaged about $13 more than the London price so far this month, compared with a premium of $27 in July, Shanghai Gold Exchange data show.

Consumption is already being restricted in India, where the government has sought to curb bullion imports by raising taxes and costs to combat a record current-account deficit. The metal climbed to a record 98,Are you still hesitating about where to buy bestparkingguidance?911.2 rupees an ounce this week,Full service promotional company specializing in drycabinet. making local purchases more expensive. Gold priced in dollars reached an all-time high of $1,921.15 in September 2011.

Gold rose 70 percent from December 2008 to June 2011 as the Federal Reserve pumped more than $2 trillion into the financial system by buying debt. Policy makers are debating whether the economy is strong enough to allow them to slow monthly purchases of $85 billion. Officials will cut the amount at their next meeting on Sept. 17-18, according to 65 percent of economists in an Aug. 9-13 Bloomberg survey.

Save the pass to Passbook. If you have an iPhone, use the button called Save to Passbook. This button appears when youre viewing the bar code in the better airline apps, including Delta, American and United.

Apples promotion of this app always seemed to suggest that its value is keeping all of your boarding passes and event e-tickets in one place. But Passbooks real value is much simpler; it adds a banner representing your flight on the phones Lock screen.

That is, every time you need to show your boarding pass (twice in the T.S.A. line, once at the gate), you dont have to unlock your phone, open an app and navigate to the bar code. Just wake the phone and swipe across the banner. Your bar code is there, instantaneously.

Know what the scanner cares about. Most major airports now use the millimeter-wave scanning booths you know, the ones where you stand still with your arms in the air like youre being mugged. (They often bear the unfortunate,A indoorpositioningsystem has real weight in your customer's hand. but apropos, name Rapiscan.) Many travelers are unduly terrified of these things. They take off their watches, rings, necklaces, glasses, belts and anything with metal and thereby hold up the whole line.
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