Wall Street se levanta por las ganancias del oro

 

Las acciones subieron más del uno por ciento el martes tras recuperarse de la peor caída desde noviembre. Los precios del oro se recuperaron desde el nivel inferior y se cotiza a 1351 y 1379, pero aún persisten niveles de venta. Los índices bursátiles de Estados Unidos se levantaron por los buenos resultados de Coca-Cola y Johnson & Johnson. Al sentimiento alcista también contribuyeron los datos de inflación y la seguridad de que la Reserva Federal mantendrá el estímulo, al menos de momento. Después de caer dos días las bolsas asiáticas han vuelto a terreno positivo.

Los precios del oro subieron 30 dólares durante la sesión de ayer después de haber caído 8.8% en el volumen récord el lunes. El oro alcanzó 1382, pero sigue siendo objeto de una fuerte presión vendedora. Los inversores se apresuraron a deshacerse del oro. Los precios del oro sufrieron su mayor caída desde los 1980.También la plata cayó un 11% y se cotiza a 23.42. La Plata se cotizaba por encima de 35 dólares desde hace unos meses, y casi llegó a la marca de 50 dólares tan sólo dos años en agosto

La fiebre de venta de oro está en marcha en Chipre, donde el gobierno la semana pasada declaró la voluntad de vender sus reservas de oro para ayudar a financiar el FMI y el BCE. Rumores Indican que presionó a otros países del sur de Europa para que hagan lo mismo. Debilitamiento de la demanda europea es más de lo esperado. El crudo Brent cayó a un mínimo de nueve meses a $ 98 el barril tocado fondo. También Brent se ha recuperado y nuevamente cotizando por encima de 100 USD.

El yen japonés (JPY) bajó y los mercados asiáticos esta mañana, ya que sucumbe la presión sobre la recuperación del oro. La caída histórica en los precios del oro, junto con una nueva preocupación sobre el crecimiento económico de China, algunos inversionistas vio paso atrás en el yen como refugio seguro invertir la tendencia a la baja provocada por el Banco de programa de estímulo agresivo de Japón. USD / JPY cotiza en los 98,19. El dólar ha perdido terreno frente al euro, que ha ganado impulso después de romper la resistencia técnica rígida en 1.3110/20. Euro está en 1.3173 toros euro restó importancia a un informe de abril.

 

From: http://es.investing.com/analysis/wall-street-se-levanta-por-las-ganancias-del-oro-77541

http://www.kitco.com/ind/Holmes/20130409.html

Every Gold Coin Has Two Sides

Tuesday April 09, 2013 15:17

Just as every coin has two sides, every data point that doesn’t meet expectations usually has an upside somewhere. For instance, although the gold price has fallen with the strengthening U.S. dollar, the yellow metal is appreciating in Japanese yen. So when negative news about the economy came out this week, along with the U.S. Labor Department reporting that the country added only 88,000 jobs in March, investors found reasons to be encouraged.
For one, the Federal Reserve is apt to maintain its stimulative easing course and keep interest rates low. With inflation above the current interest rate, a negative real interest rate increases the attractiveness of U.S. dividend-yielding stocks and gold. I believe both investments will continue to be viewed as the safe havens of the world.
The news that the U.S. is not recovering as expected may also repair some of the damage done to gold by research firm Societe Generale. Its bearish report asserted that because of expected rising interest rates, a strengthening U.S. dollar and a recovery in housing and jobs, gold’s bull run would end.
The ongoing European debt saga will likely drive gold as well. Many people, including CNBC’s Amanda Drury, have been asking me why gold did not respond on news of the seizure of bank deposits in Cyprus. Going back more than four decades, the yellow metal historically has experienced a seasonal drop this time of year, yet today’s trading behavior does not reflect the fearful conditions ideal for a gold rally.

FROM USAGOLD.COM

Great Paper Gold Deluge 2013

by Peter A. Grant
Apr 17, AM

(from USAGOLD.com)

Four days into the Great Paper Gold Deluge of 2013, it is beginning to look like the market is stabilizing around the $1380 per ounce level. At the Deluge’s beginning, gold was meandering along minding its own business with $1600 per ounce seemingly a barrier to further progress on the upside. Then came the mystery deluge of roughly 500 tonnes of paper gold – an event that led to an almost $200 drop in the gold price in the course of two short days.

Lower prices almost always generate both greater demand and ultimately shrinking supply, the one truism of free markets that needs to be remembered at times like these. The free market, as long as it breathes, has a way of taking care of itself. At the core, those who believe in the long-term value and viability of the metal see dips as opportunities. Early on, the big dump in gold lit up demand starting with the United States and Europe on Friday and carrying over to the Far East and Middle East on Monday.

Bloomberg online aired a number of interviews on the gold dump.

- UBS’ Dominc Schnider says the price drop was “excessive” and that gold is not “overly owned." That fact alone, he says, will lead to higher prices down the road.

- The irrepressible Jimmy Rogers says gold will go “much higher” over the coming decade and that where we are now looks like a “selling climax.” He goes on to say that “gold has gone on up every year” for twelve years, and that a correction was overdue.

- FX Concept's John Taylor, who has gained quite a reputation as an economic forecaster in recent years, says we are “getting close” to a low and now in “the buying opportunity range.”

- Tom Fitzpatrick, chief technical analyst at Citigroup, says gold’s drop is “not unprecedented”, i.e., that it compares to the drop in the mid-1970s and that it is headed for $3400 per ounce. He adds that the correction is healthy and that central banks and sovereign wealth are likely to take advantage of the lower prices. He concludes that investors should be buying this dip.

Fitzpatrick makes an important observation. In this new era for gold, institutional paper selling begets institutional, sovereign wealth fund, and central bank buying. That was not the case in the beginning years of this bull market. The days of uncontested short positioning in the gold market are over and that perhaps explains why in recent years sharp corrections have been followed by quick recoveries. The best strategy for the small private investor is to quietly accumulate and watch the big players battle it out.

UK production falls 2.2% whilst UK manufacturing falls 1.4% in February compared to a year earlier

It really is going to be touch and go whether the UK enters an ‘official’ triple-dip recession, especially after more data out of the government funded Office for National Statistics shows yet more disappointing UK economic performance – this time production and manufacturing.
From the release:

• Both production and manufacturing fell in February 2013 when compared with February 2012 by 2.2% and 1.4% respectively. There are downward contributions from all sectors with manufacturing and mining & quarrying the most significant.
• On the month, February 2013 compared with January 2013, both production and manufacturing rose by 1.0% and 0.8% respectively. All sectors rose during this period – this last happened in July 2012. Despite the increase in production the index is still only, though, the same level as in September 2012.

 

The continued move lower since the start of 2011 is clear for all to see. Just don’t expect the BoE to admit their policy of money printing has been the failure it is anytime soon. Rather they will look to this downtrend as reasons to do more money printing in the future.

www.gold4change.com

Gold Standard: The Queen’s visit to the Bank of England underlined once again what a great investment gold can be

There were no punches pulled during the Queen’s recent visit to the Bank of England. Her Majesty laid into what she called the “lax” City workers that had helped to cause the economic crash and a financial regulator that “didn’t have the teeth” to intervene.

Later, the Queen was shown one of the vaults where the nation’s £200 billion in gold reserves are stored, stacked in four-ton blocks four shelves high. If the Queen had wanted to know how individuals could insure themselves against a future financial calamity, the answer may have been staring her in the face.

As the Bank of England knows, gold bullion gives an economy stability, and that’s as true for you and me as it is for the nation.

“There are three main reasons why the amount of money being invested in gold bullion is increasing substantially at the moment,” says Declan Cosgrove, managing director of GoldMadeSimple.com. “Wealth protection, tax efficiency and capital appreciation.”
Quite simply, owning physical gold protects your wealth from outside risk, like the failure of a company, bank or financial institution.
“Physical ‘segregated’ gold has been the most secure way to store wealth for thousands of years and this remains true today,” says Cosgrove, who adds that it can also be good for your tax bill. GoldMadeSimple.com specialises in gold products that are free from Capital Gains Tax and also provides gold within SIPP and SSAS pensions.

Perhaps most importantly of all, gold has given some eye-wateringly good returns of late. Over the last ten years, for example, and despite the economic downturn, gold has increased by a staggering 394% – with the price per troy oz. rising from £212.82 at the end of 2002 to around £1051.37 now.
“Many experts predict that this increase is set to continue as economic uncertainty, sovereign debt, the banking crisis and money printing continue at an alarming pace,” says Cosgrove. “In the last bull market, 1968 to 1983, the gold price increased by over 2,000%.”
What stops many of us investing in gold bullion is simply that we don’t know where to start. That’s where companies like GoldMadeSimple.com come in.

“The most secure way to invest in gold is to buy individual bars and coins that are delivered to you or held on your behalf in your own sealed security box inside a London Bullion Market Association approved independent bullion vault,” says Cosgrove. “GoldMadeSimple.com helps clients buy and store physical gold free of Capital Gains Tax, and also within SIPP and SSAS pensions, with maximum safety and security.”
Getting started could hardly be easier. GoldMadeSimple.com’s online account opening and live gold prices mean canny investors can start buying gold bullion within minutes, and at the most competitive rates.

“Our wholesale buying power with partners such as the Royal Mint enables us to provide substantial discounts on direct prices,” adds Cosgrove.

If you’re interested in knowing more about investing in gold, visit www.gold4change.com

Banche Centrali, Totale Acquisti Oro Fisico 2012

Oltre 350 tonnellate. Sono gli acquisti d’oro che, secondo le statistiche del gennaio 2013 elaborate dal World gold council (Wgc), l'associazione internazionale delle aziende minerarie aurifere, le banche centrali di tutto il mondo hanno effettuato dal gennaio al novembre 2012.

In questa classifica non compare l’Italia, che è al terzo posto per l’ammontare totale di riserve aurifere (2.451,8 tonnellate), preceduta dalla Germania (3.391,3 tonnellate) e dagli Stati Uniti (8.133,5), ma non mancano le sorprese come l'Iraq, che ha comprato 23,9 tonnellate nel mese di agosto.

1) Turchia. E’ al primo posto con 118,8 tonnellate d’oro acquistate durante il 2012, in conseguenza della decisione di accettare il metallo giallo come garanzia delle riserve delle banche commerciali. Le riserve aurifere del Paese ammontano a 314 tonnellate (16esimo posto nella classifica generale), che rappresentato il 14,8% delle riserve totali.

2) Russia. Segue al secondo posto con 54,9 tonnellate (18,6 nel mese di luglio). La Russia possiede 937,8 tonnellate di riserve d’oro (settimo posto), il 9,9% delle riserve estere.

3) Filippine. Il Paese, ritenuto da alcuni economisti la nuova Cina, ha incrementato le sue riserve d’oro con altre 35,4 tonnellate, di cui 32,1 nel mese di marzo, arrivando a un totale di 194,6 tonnellate (22esimo posto), che incidono per il 13,2% su quelle totali.

4) Brasile. Poco meno di quelli delle Filippine, gli acquisti del Brasile (33,6 tonnellate) sono stati effettuati nel secondo semestre. Le riserve aurifere del Paese ammontano a 67,2 tonnellate, solo l’1% i quelle estere.

5) Kazahkstan. Con acquisti durante tutto l’anno, il Paese ha incrementato le sue riserve per un ammontare di 29,4 tonnellate. In totale detiene 111,5 tonnellate (32esimo posto).

6) Iraq. E' stata la vera sorpresa con 27,2 tonnellate acquistate, di cui 23,9 nel mese di agosto, portando la cifra complessiva a 31,1 tonnellate (il 2,5% delle riserve totali).

7) Messico. Gli acquisti d’oro ammontano a 18,7 tonnellate, concentrati nel mese di marzo (16,8 tonnellate). Le riserve aurifere del Paese sono 124,7 tonnellate (il 4,1% del totale).

8) Corea. Il Paese asiatico ha fatto un solo acquisto, nel mese di luglio, per 16 tonnellate, incrementando le riserve aurifere totali (70,4 tonnellate, l’1,2% di quelle estere).

9) Paraguay. Anche in questo caso gli acquisti d’oro effettuati dalla banca centrale sono stati fatti in un’unica occasione, nel mese di luglio, per 7,5 tonnellate, portando le riserve aurifere a 8,2 tonnellate (9,4% delle riserve estere). Milano Finanza

10) Ucraina. Con acquisti per 7,3 tonnellate segue l’Ucraina, che detiene riserve aurifere per 35,1 tonnellate (il 7,3% del totale).

www.gold4change.com

Gold price retests $1555 as Cyprus has 75% of its gold reserves ‘bailed-in’

The gold price started the week performing well rising to $1590, its highest level since the start of the month. But then yesterday the gold bulls ran out of steam and the price once again retested that $1555 which has been a great area of support for nearly two years.
Gold $ (15 min):

On the longer term gold chart we can see just why the $1555 zone is so important.
Gold $ (daily):

 

So why did gold make another retest of that key level of support? The sell-off came on the same day that it was announced that Cyprus would have to sell 75% of their entire gold reserves as part of the Cyprus bailout raising some €400m euros.
This news was very unexpected because there was no mention whatsoever about gold during the height of the Cyprus crisis.

So, just how much is 75% of total Cypriot gold?

 

More than 10 tons of gold.
Which means that Cyprus will go from having the 59th largest gold reserves on the planet all the way to…

 

… number 80, leaving it with just 3.5 tons of gold.

 

The move is really rubbing salt in the wounds of the people of Cyprus who have seen many lose nearly all their savings and now face an almost guaranteed depression with the Troika now predicting the economy to contract by nearly 9% this year alone.
Having a large gold reserve relative to their size meant that leaving the Euro was actually viable because they could use their gold reserves to semi-back any new currency and quickly bring stability to it.
Now that option seems to have been completely taken away from Cyprus – perhaps that was the plan all along with the ‘bailing-in’ of their gold.

www.gold4change.com