Z nedzy do pieniedzy ..:)
Gold heading down towards reported sovereign bids…
Written by Pete Jackson
May 16, 2012 at 07:25 GMT
Word on the street is that sovereigns are lining up bids towards $1520/25 as well as some physical demand from Asia at the same level, but the metal’s under pressure on the back of all the Greek failure to form a government, as well as a soaring USD Index and collapsing crude oil prices.
Trader’s are also citing interest in the 100 week MA around $1515.30 as the key level to hold to avoid another move lower of around $200.
Not everyone’s that bearish though, with the Washington Post/ Bloomberg reporting this morning that Soros , Eton Park raised their Gold ETP Holdings before the recent price drop… More
Spot gold’s sitting around $1530 having been as low as 1527.15 recently
"...wyniki z przeszlosci wcale nie daja gwarancji zyskow w przyszlosci"...
This afternoon’s delights…
Written by Pete Jackson
May 16, 2012 at 10:39 GMT
All times GMT:
1230 US building permits/Housing starts (expected 730,000 and 680,000, from 764,000 and 654,000 last)
Canadian Mfg sales (expected +1.0% m/m from -0.30% last)
1315 US April Capacity Utilization (exp 79% from 78.6% last)
US April Industrial production ( exp +0.6%m/m from flat)
1400 ECB Draghi speaks on “monetary policy in unconventional times”
Fed Supervision Head Gibson- testifies to House Fin Serv committee
1430 US EIA weekly crude inventories ( exp +1.7mmbls from 3.65mmbls last)
1545 World Banks Zoellick speaks in Washington
1630 St Louis Fed’s Bullard speaks on US Economy and Monpol
1800 FOMC minutes
US Treasury’s Brainard testifies on China before US House panel
"...wyniki z przeszlosci wcale nie daja gwarancji zyskow w przyszlosci"...