Friday, September 3, 2010

New News for gold n silver


https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPiPSgh4ixLrbbm-A-OpxTZUJFAys9UzTpWuIB4P03eG0nptuVqfxZoQ_1hC4gUpintako_5AZ9gUVvk91V2dtj4sY0UEueKnwrdBjmIbtJSNxvbeuUfSlyY5u-csj8BtTbd38urvpHkw/s1600/WANG.png

Tahniah kepada semua pelabur emas, bahawa ketika ini anda telah menikmati satu harga emas yang berada pada kedudukan yang tetap. Berdasarkan analisa pagi tadi (rujuk carta di atas dan nota pada post sebelum ini) telah saya katakan bahawa harga emas 20 gram sentiasa pada paras 2860 dan ke atas. Selepas terlampir carta di atas sehingga jam 3.45 petang harga emas masih kekal pada paras yang saya nyatakan. So kalau nak beli, boleh beli sekarang kerana selepas jam 6.30 petang waktu Malaysia harga akan melonjak lebih tinggi.

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India 2010 gold imports surpass 500 tonnes

The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Wednesday, 1st September 2010

A new poll carried out among gold experts has shown that India has imported more than 500 tonnes of the precious material since the beginning of 2010.

According to the Reuters study, some 504.5 tonnes of gold has been purchased by operators in the Indian market in the last eight months and the industry is hoping that interest in the commodity will continue for the rest of the year.

Business Standard reports that members of the sector have met to discuss the country's rebound in gold interest at a conference in Varca, situated in the Goa state of west India.

Previous figures have shown that 2009 was one of the worst years on record for gold purchases in India, with import rates at 480 tonnes, but statistics indicate a rebound for the rest of 2010.

The Economic Times recently noted the major import markets for gold jewellery in India, including Switzerland, the UK, Africa, Australia and the Middle East.

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Silver About to Break Out Big?

By David Banister Sep 02, 2010 9:20 am

Silver could be preparing to stage a pretty large advance based loosely on the Elliott Wave pattern that's unfolding after months of consolidation. Editor's Note: David Banister is the chief investment strategist and co-founder of ActiveTradingPartners.com, a small-cap portfolio and market advisory service. See more of his commentary here. Silver is one asset class I don't cover very often, but have been largely bullish on since $6 an ounce many years ago. It can be considered “poor man’s gold” as they say. I believe silver is about to stage a pretty large advance based loosely on the Elliott Wave pattern I see unfolding after a nine-odd-month consolidation. (Obviously, there are also fundamental fiat currency/debt events worldwide that give it the underlying bull chart pattern.) Since the average person can’t run out and buy an ounce of gold for $1,240 tomorrow, as the unfolding of the fiat crises continues to enter the public psyche, you'll see a strong populace movement into buying silver, silver coins, etc. To wit, many silver stocks are moving up strongly of late, signally an imminent breakout of this precious and industrial metal. The triangle pattern has taken nearly nine months so far, and a move over $19.50 could start a multi-month run targeting $26-$29 per ounce for starters before a broad pullback. A few silver stocks worth looking at include Silver Wheaton Corp (SLW), which purchases future silver mine production in advance at a discount and is a long-time favorite of mine, and Fortuna Silver, a growing producer and explorer favored by some of the brightest minds in the business. I don't own shares in either, so I have no inherent bias to mention them other than they're worth your time to review sooner than later. (This isn't stock or trading advice; please do your own research and consult a professional if necessary.) Below is the silver chart and my outline shows my views of a multi-month five-wave bullish triangle pattern on a weekly chart. Silver needs to bust through $19.50 per ounce to confirm, but I suspect we'll see this fairly soon. 3_sept_1.jpg

Source: http://www.minyanville.com/businessmarkets/articles/silver-wheaton-corp-silver-prices-investing/9/2/2010/id/29915?camp=syndication&medium=portals&from=yahoo


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