Thursday, April 7, 2011

Harga Emas Catat Rekod Tertinggi USD 1466

Seperti dijangka, harga emas naik walaupun sebelum ini berlaku penurunan. Kali ini, kenaikan disebabkan kehilangan keyakinan pelabur terhadap prestasi US Dollar dan ekonomi Eropah yang tidak memberangsangkan.

Kepada semua penyimpan emas, jangan sangsi walaupun ada ketika nampaknya macam harga emas tidak naik-naik. Emas tetap akan naik, insya Allah. Kadar kenaikan setahun (365 hari) biasanya sekitar 27%. Tolak spread 6 %, ada lagi keuntungan 21% setahun.

So kesimpulannya, bila harga turun sekejap lepas ni, marilah membeli emas atau perak (mengikut mana yang kita mampu). Jangan tunggu tahun depan. Sudah terlambat ketika itu. Di bawah ialah harga emas pada ketika ini. Lihat kenaikan tahunannya ialah 27.40 %.








P.M. Kitco Metals Roundup: Comex Gold Hits Another High; Traders Digest ECB Rate Hike, Another Quake in Japan
07 April 2011, 02:20 p.m.

(Kitco News) -Comex gold futures ended near steady Thursday, but prices did push to a new all-time record high of $1,466.50, basis the active June contract. Precious metals markets absorbed a powerful new earthquake in Japan and a rate hike from the European Central Bank Thursday, with prices remaining fairly stable through both events. Comex June gold last traded up $1.50 an ounce at $1,460.00. Spot gold last traded down $0.30 at $1,459.50.

At mid-morning a 7.0 magnitude temblor struck northeast Japan. Tsunami warnings were immediately issued for Japan. Fresh damage estimates are not known as the quake occurred in the middle of the night in Japan. The stock and financial markets were roiled on the initial reports of the temblor. However, those markets quickly settled down. Meantime the gold and silver markets reacted little to the news.

Earlier in the morning, the European Central Bank raised its main interest rate by 0.25%. The move was expected and had no major price impact on gold or silver. The fact the ECB did raise interest rates will no doubt resonate with other major central banks. China earlier this week also raised its interest rates. While the U.S. Federal Reserve maintains it still needs an easy monetary policy to stimulate economic growth, you can bet Fed Chairman Bernanke is realizing the U.S. central bank will have to raise interest rates sooner rather than later. Indeed, a look at the U.S. Treasury market price action this week shows U.S. interest rates are already rising. Rising world interest rates do suggest increasing inflationary price pressures, and that's bullish for the precious metals markets.

The U.S. dollar index did move to its daily high in the wake of the ECB rate hike and the earthquake, but then backed down from its highs to trade not far above steady. However, the dollar index is still trading near the contract low scored recently. Also, the overall technical posture of the U.S. dollar index remains fully bearish, and that continues to be a bullish factor for the precious metals.

Crude oil prices traded higher Thursday morning and pushed above $110.00 a barrel for a time. Crude oil prices are at a two-year high. There are also inflationary implications with crude oil prices near $110.00 a barrel, and with other raw commodity market prices also at near record or multi-year highs. Importantly, traders will also continue to look to the crude oil futures market as a gauge of the present world geopolitical tensions, especially in the volatile Middle East.

From a safe-haven investment demand perspective, precious metals continue to see buying interest due to geopolitical events in the world. Portugal has now asked the European Union for help with its sovereign debt crisis. That's not a big surprise, but it does underscore the overall debt problem in the European Union. It's very likely this situation will continue to fester, which would continue to bolster gold and silver prices.
The London P.M. gold fix was $1,459.50 versus the previous P.M. fixing of $1,461.50.

Technically, June Comex gold futures prices closed near mid-range Thursday. The technicals and fundamentals remain fully bullish in the gold market. Continued safe-haven buying and inflation worries are supportive. There are still no early technical warning signals that a market top is close at hand for gold. Prices are in a two-month-old uptrend on the daily bar chart. Bulls' next near-term upside technical objective is to produce a close above major psychological resistance at $1,500.00. Bears' next near-term downside price breakout objective is closing prices below solid technical support at this week's low of $1,429.10. First resistance is seen at Thursday's all-time high of $1,466.50 and then at $1,470.00. First support is seen at Thursday's low of $1,453.70 and then at $1,447.20. Wyckoff's Market Rating: 9.0.
(NOTE: For an explanation of my exclusive Wyckoff's Market Rating system, just send me an email at jwyckoff@kitco.com and I'll attach it and email it back to you.--Jim)
May silver futures closed up 15.8 cents at $39.545 an ounce Thursday. Prices closed near mid-range and closed at a fresh 31-year high close. Bulls have the strong overall near-term technical advantage. A 2.5-month-old uptrend is in place on the daily bar chart. There are still no early clues to suggest a market top is close at hand. The next downside price breakout objective for the bears is closing prices below solid technical support at this week's low of $37.81. Bulls' next upside price objective is producing a close above psychological resistance at $40.00 an ounce. First resistance is seen at Wednesday's high of $39.785 and then at $40.00. Next support is seen at Wednesday's low of $39.20 and then at $39.00. Wyckoff's Market Rating: 9.0.
May N.Y. copper closed up 435 points at 441.35 cents Wednesday. Prices closed nearer the session high and hit a fresh two-week high. More short covering and perceived bargain-hunting buying interest were seen. Bulls have the overall near-term technical advantage and have regained upside momentum. Bulls' next upside breakout objective is pushing and closing prices above solid technical resistance at the last "reaction high" of 445.45 cents. The next downside price breakout objective for the bears is closing prices below solid technical support at last week's low of 421.20 cents. First resistance is seen at Thursday's high of 443.70 cents and then at 445.00. First support is seen at 440.00 cents and then at 437.50 cents. Wyckoff's Market Rating: 7.0.

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