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BERITA TENTANG HARGA EMAS PADA 16 SEPTEMBER 2010 VERSI TRANSLET
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Sembilan alasan utama untuk menggalakkan emas, dan perak, lebih tinggi dan lebih tinggi
Harga emas kemungkinan berada pada paras $ 1,500 tahun ini, dan $ 2,000, $ 3,000, atau bahkan $ 5.000 pada tahun-tahun mendatang - dan emas mengalahkan perak kesimpulan Jeff Nichols 'dalam sebuah pidato baru-baru ini di Thailand.
Pengarang: Williams Lawrence
Posted: Rabu, 15 September 2010
LONDON -
Pakar emas Jeff Nichols, dalam pidatonya pada minggu lalu di Bangkok, Thailand, mengajukan sembilan alasan utama mengapa emas naik dan terus meningkat dalam jangka pendek, pertengahan dan panjang sebelumnya, akhirnya, 'pasaran bull" akan berakhir dan mungkin hari beruang mereka.
Nichols menegaskan kembali ramalan tentang harga emas dalam jangka pendek, bahkan boleh dianggap konservatif dalam terang penembusan terakhir ke ketinggian baru sebagai tekanan membeli melebihi takat harga. dengan yakin, beliau berkata, bahawa "dalam masa terdekat, kita akan melihat emas mencapai $ 1500 per ounce -.... Mungkin bahkan sebelum akhir tahun ini atau pada separuh pertama tahun 2011" Dan diikuti dengan "Tidak hanya akan harga bergerak jauh lebih tinggi di bulan depan -.... Tapi uptrend masih mempunyai tahun untuk pergi dengan emas sangat mungkin mencapai $ 2,000 dan akhirnya $ 3,000 atau bahkan $ 5000 sebelum perubahan kitaran emas-harga ke mundur"
Kesembilan mata utama yang membawa Nichols pada kesimpulan ini adalah sebagai berikut:
· Pertama, inflasi AS dalam dasar kewangan dan fiskal - pada masa lalu, sekarang dan masa depan - membawa bersama-sama prestasi ekonomi kemelesetan-seperti - sebuah "double dip" atau lebih buruk selama bertahun-tahun yang akan datang.
· Kedua, pendidihan hutang Eropah menjadi krisis berdaulat, yang tidak hanya merosakkan perbandingan Euro sebagai aset sandaran rasmi. . . tetapi juga mendorong Bank Pusat Eropah untuk mengejar dasar kewangan inflasi. . . dan menggalakkan lebih banyak pelabur di Eropah dan di seluruh dunia untuk mencari emas sebagai penyelamat.
· Ketiga, penerusan - bunga oleh sektor rasmi - jika tidak tumbuh. Secara khusus, bank pusat dari negara-negara membangun yang baru menjadi negara industri berupaya melakukan kepelbagaian cadangan rasmi menggunakan simpanan asset sebagai alternatif dolar.
· Keempat, peningkatan tabungan jangka panjang, pelaburan, dan permintaan perhiasan emas dari China, India, dan negara-negara emas yang bersahabat lain menikmati pertumbuhan yang sihat dalam kegiatan perniagaan dan pendapatan isi rumah tangga - pertumbuhan yang cenderung terus sekurang-kurangnya beberapa tahun.
· Kelima, peningkatan permintaan pelaburan sektor swasta di negara-negara industri yang lebih tua mencerminkan ketakutan inflasi, susut nilai mata wang, dan kehilangan kepercayaan pada kerajaan untuk menangani secara efektif terhadap cabaran ekonomi saat ini.
· Keenam, pematangan meneruskan dari apa yang saya sebut "emas-pelaburan infrastruktur" - dengan kata lain, pembangunan produk emas-pelaburan baru dan saluran pengedaran di pelbagai pasaran geografi penting.
· Ketujuh, saiz yang relatif kecil dari pasaran emas dunia berbanding dengan pasaran modal lain - seperti ekuiti atau mata wang - sehingga bahkan pergeseran kecil dalam keutamaan portfolio jauh dari mata wang, atau ekuiti, atau real estate, misalnya, mungkin mempunyai sedikit kesan harga pada pasaran-pasaran besar tetapi akan memiliki, relatif besar memang mendalam, berpengaruh pada emas.
· Kelapan, Permulaan masalah makanan global dan inflasi pertanian.
· Kesembilan, kebanjiran dunia pengeluaran emas-lombong selama lima tahun ke depan atau lebih.
Tak satu pun dari titik-titik ini sangat kontroversi. Dalam penguasaan ahli politik, yang mempunyai kepentingan dalam negara cuba untuk menjaga kepercayaan di negara masing-masing, mungkin menolak mata pertama, tetapi bukti di luar sana menyatakan bahawa kemelesetan akan, dalam kenyataannya, akan berakhir.
Ikuti Lawrence Williams di Twitter - www.twitter.com / lawrie_williams
Sumber: http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=111268&sn=Detail&pid=102055
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Nine main reasons to push gold, and silver, higher and higher
Gold at $1,500 perhaps this year, and $2,000, $3,000, or even $5,000 in the years ahead - and silver outperforming gold are Jeff Nichols' conclusions in a recent speech in Thailand.
Author: Lawrence Williams
Posted: Wednesday , 15 Sep 2010
LONDON -
Gold expert Jeff Nichols, in a speech last week in Bangkok, Thailand, put forward nine main reasons for gold to rise and continue to rise in the short, medium and long term before, eventually, the bull market will end and the bears may have their day - but he sees this as a long way off yet.
Nichols reiterated his predictions on the gold price which, in the short term, could even be considered conservative in the light of yesterday's breakthrough to new highs as buying pressure exceeded that of profit-takers and those whose interests may otherwise lie in keeping the gold price down. He believes, he said, that "before long, we will see gold hit $1500 an ounce - possibly even before the end of this year . . . or during the first half of 2011." And followed with "Not only will prices move substantially higher in the months ahead - but the uptrend still has years to go . . . with gold very likely reaching $2,000 and eventually $3,000 or even $5,000 before the gold-price cycle shifts into reverse."
The nine major points which bring Nichols to this conclusion are as follows:
· First, inflationary U.S. monetary and fiscal policies - past, present, and future - along with a recession-like economic performance - a "double dip" or worse for years to come.
· Second, Europe's simmering sovereign debt crisis, which has not only undermined the euro's appeal as an official reserve asset . . . but has also pushed the European Central Bank to pursue inflationary monetary policies . . . and has pushed more investors in Europe and around the world to seek the safety of gold.
· Third, continuing - if not growing - interest by the official sector. In particular, the central banks of a number of newly industrialized emerging nations are seeking to diversify official reserve assets into dollar alternatives.
· Fourth, rising long-term saving, investment, and jewelry demand for gold from China, India, and other gold-friendly nations enjoying healthy growth in business activity and household incomes - growth that is likely to continue at least several years.
· Fifth, rising private-sector investment demand in the older industrialized nations reflecting fear of inflation, currency depreciation, and a loss of confidence in governments to deal effectively with today's economic challenges.
· Sixth, the continuing maturation of what I call the "gold-investment infrastructure" - in other words, the development of new gold-investment products and channels of distribution in many important geographic markets.
· Seventh, the relatively small size of the world gold market compared to other capital markets - such as equities or currencies - so that even small shifts in portfolio preferences away from currencies, or equities, or real estate, for example, may have little price effect on these big markets but will have a relatively large, indeed profound, effect on gold.
· Eighth, the recent onset of global food and agricultural inflation.
· Ninth, stagnant world gold-mine production for the next five years or longer.
None of these points are particularly controversial. In-power politicians, who have a vested interest in trying to maintain confidence in their respective economies, may deny the first point, but evidence is out there that the recession will, in reality, end soon. ‘Years to come', of course is open to interpretation and maybe the conclusion implied by Nichols is over-pessimistic, but an investment sector which treats as good news figures which show unemployment still rising towards the worst levels since the Great Depression, but perhaps not rising quite as fast as it has been on what appear to be government-manipulated figures anyway, seems to be living in cloud-cuckoo land!
In his speech, Nichols went on to discuss all these points in detail, to back his conclusions and all his comments are far too comprehensive to cover here, but if you'd like to read the full text it is available on www.nicholsongold.com .
SILVER
As well as discussing gold, Nichols went on to talk about silver which, unlike gold, has still not managed to surpass the $21 an ounce level seen in 2008 before the huge market downturns (although its getting pretty close) - and is still hugely below its $50 all-time high of 1980 when the Hunt Brothers unsuccessfully tried to corner the silver market which makes this an anomalous situation. His main conclusion was as follows: "I suspect silver's underperformance has now run its course - and we can expect the white metal to outperform gold over the next five to ten years. For one thing, a number of new end uses for silver are likely to boost industrial demand while investment demand for silver will continue to (increase due to) many of the same forces benefitting gold." again to read his full reasoning on his conclusions on silver see his website.
Overall, a pretty bullish presentation. Maybe over optimistic from the gold and silver investor point of view, but there are plenty of informed commentators out there who feel likewise - and quite a few detractors too. The economic scenario painted by Nichols, and as noted above this in itself is not a very controversial view, does suggest that precious metals could be major beneficiaries of a flight from ongoing risk, and turbulence in the currency markets which seems to be even seeing central bankers turning to gold as a reserve asset again - despite a long held feeling, perhaps stemming from Keynes' often misquoted ‘barbarous relic' comment - that it should have no such place in a modern economic system. But, as witness the present situation they still find it hard to come up with a workable alternative over the long term.
Follow Lawrence Williams on Twitter - www.twitter.com/lawrie_williams
Source: http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=111268&sn=Detail&pid=102055
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