pergerakan emas yang malar pada pagi hari, mula bergerak aktif selepas jam 3.00 petang. biasanya ia akan menjunamkan harga dan akan buat pantulan harga tertinggi selepas jam 6.00 petang.
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Gold May Advance With Industrial Metals; Silver Is Near a 2 1/2-Year High
By Nicholas Larkin and Sungwoo Park - Sep 6, 2010 11:46 PM GMT+0800
Gold, little changed in London, may gain as rising prices of other metals boost demand. Silver traded near the highest level in almost 2 1/2 years.
Five of the six main industrial metals on the London Metal Exchange rose, led by zinc, after a report last week showed U.S. employers added more jobs than estimated. The dollar dropped to a two-week low against the euro before rebounding. Gold, which usually moves inversely to the greenback, is trading 1.2 percent below a record.
Stronger prices for other metals are "spilling over into gold," Peter Fertig, owner of Quantitative Commodity Research Ltd. in Hainburg, Germany, said today by phone. "A weaker dollar is usually a supportive factor for gold. It's expected to be a quieter day for gold" because of a U.S. holiday, he said.
Immediate-delivery bullion added $2.80, or 0.2 percent, to $1,249.55 an ounce at 4:32 p.m. in London. Prices gained 0.7 percent last week. Gold for December delivery was little changed at $1,251.20 in electronic trading on the Comex in New York. Comex floor trading is closed today for the Labor Day holiday.
The metal was little changed at $1,249 an ounce in the afternoon "fixing" in London, used by some mining companies to sell output, from $1,249.50 at today's morning fixing. Spot prices climbed the past five weeks, the longest winning streak since September last year.
Bullion has advanced 14 percent this year, reaching a record $1,265.30 an ounce on June 21. The price is set for a 10th annual gain as investors seek to protect their wealth against financial turmoil in Europe and the prospect of slowing economic growth.
‘Sentiment Remains Bullish'
U.S. private payrolls climbed 67,000 in August after a revised 107,000 increase in July, Labor Department figures showed Sept. 3. The median forecast of economists in a Bloomberg News survey was for 40,000 more positions. Gold's losses were limited on Sept. 3 after a U.S. report showed service industries expanded in August at the weakest pace in seven months.
"Gold will continue trying to break the record," said Hwang Il Doo, a senior trader at Korea Exchange Bank Futures Co. in Seoul. "Once it breaks it, bullion will shoot up. Sentiment remains bullish."
An index measuring sentiment in the 16-nation euro region slid to 7.6 in September from 8.5 in August, according to a report from the Sentix research institute. Economists in a Bloomberg survey had forecast an increase to 9.0.
Assets in the SPDR Gold Trust, the biggest exchange-traded product backed by bullion, were little changed at 1,294.44 metric tons on Sept. 3, figures on the company's website showed. Holdings touched a record 1,320.44 tons in June.
Jewelry Demand
"An anticipated pickup in gold demand for jewelry use in September and expectations for inflation may support" prices, Lee Suk Jin, a commodities analyst at Seoul-based Tong Yang Securities Inc., wrote in a report today. Households in India, the biggest gold user, typically increase jewelry purchases in the year's final months to mark festivals and weddings.
Silver for immediate delivery in London was little changed at $19.9063 an ounce. The metal reached $19.9225 on Sept. 3, the highest price since March 2008. Platinum gained as much as 0.7 percent to $1,566.75 an ounce, the highest price since Aug. 9, and was last at $1,560.80. Palladium was little changed at $529.50 an ounce after rising as much as 0.7 percent to $533.25, the highest level since May 14.
Silver, platinum and palladium "reflect both an urge to own insurance and an urge to hedge in favor of further global economic growth," said Dennis Gartman, an economist and the editor of the Suffolk, Virginia-based Gartman Letter.
------------------------------------------------------Gold stutters at $1,250 as silver closes on $20
Gold is finding it tough to break up through $1,250 decisively with profit taking above this level holding it back, but silver's path is looking altogether more positive as it nears $20.
Author: Lawrence Williams
Posted: Monday, 06 Sep 2010
LONDON -
The gold price, which has been hovering around the $1,240 - $1,250 mark for the past week to 10 days has been finding it tough to make any sustained move upward above this level. although is attacking it again today. But silver so far has sustained its recent rise rather better and seems to be targeting the $20 mark on a fair amount of favourable analysis. On recent patterns it seems like it may only be a matter of time before these levels are breached as pressure continues to build and the profit taking, which has been coming in to hold the prices down, gradually evaporates.
In fact the higher gold price around the $1,250 level - it was back at $1,249 and edging upwards at the time of writing - may be helping silver, particularly in precious metals friendly areas of the world, like India, where gold may, for the moment, be being seen as too expensive with purchasers waiting for lower prices - which may not come. Some of these prospective buyers may well be looking at silver as an acceptable alternative as the festival and new wedding season approaches.
There does also seem to have been an effort to talk down the gold price by the Chinese which may not have helped sentiment and created some nervousness among western investors at the higher price levels. An official suggested that Western Central Banks may be selling off gold again- including sales by the U.S. Fed - but so far statistics do not support this viewpoint. But perhaps this was enough to set back some potential demand in the U.S. ahead of the Labor Day holiday. With the U.S. market closed today for the holiday, the slightly more positive European market may drive the price upwards, but whether it can sustain a higher level when the U.S. reopens tomorrow remains to be seen.
But while gold has been pretty volatile over the past week with a spread of around $15 between its high and low points, silver's upwards move has been accomplished in steps without any serious pullbacks in between. This suggests underlying strength in sentiment which isn't being seen in gold at the moment. Profit taking here only seems to be stemming the rise, not reversing it. Silver had reached $19.90 as this article was being written, and again was moving higher and if this is sustained may well hit the psychological $20 level before very long.
How much further the two main precious metals can go remains to be seen. September is usually a good month for price levels and most analysts expect the same to happen again this year so the break out from current levels does look likely. October does not tend to be quite such a a positive month so there could be fallback then, but there has to be a good possibility of $1,300 gold and $21 silver, or even higher, being reached this year - even some of the more cautious analysts are looking for prices at this kind of level by end-December.
Source: http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=110786&sn=Detail&pid=32
------------------------------------------------------------ When Will Silver Prices Explode?
By: Jason Hommel, Silver Stock Report
Posted 30 August, 2010
(ANYTIME!)
Silver Stock Report
Many analysts and investors try to guess when silver prices will explode. They make these guesses based on the charts, or even by the fundamentals like I do. I pointed out the fundamental supply and demand numbers in my last article, "1% of 1%".
The Tiny Silver Market attracts 1% of 1%, or $1 out of every $10,000 in the US Banking system, each year.
By the time 1% of paper money tries to buy silver in one year, there will be 100 times as much investor buying of silver as today, which will be about $180 billion trying to buy only 750 million ounces of annual world production, which implies a silver price of about $240/oz., or perhaps higher.
1% of 1% August 23rd, 2010 (The Silver Market is tiny, tiny, tiny!)
That article led Al Korelin and Steve Carr to call me up for a 13-minute radio interview on the Korelin Economics Report. See here:
http://kereport.com/weekendshow/weekendbt-aug2810-seg1.html
Please listen to that radio segment; it's very powerful information.
The silver fundamentals are so great, and the silver market is so small, that at any time, the silver price can double, up from about $18-19/oz. now, to about $40/oz.
How can silver prices double at any time?
Because there are over 1000 individual billionaires in the world, and each one of them could cause silver prices to double overnight by attempting to exchange over valued assets for undervalued silver. How can any analyst predict when any one of 1000 people may decide to act? And it is impossible, IMPOSSIBLE, to tell in advance, when a single buyer will try to buy silver in such quantities and urgency that it would move up the price by up to 100% over a few days. Unless you know such a billionaire personally, and unless he or she tells you, in advance, of his trading moves, which wealthy people don't usually do.
For example: The current silver market is dominated by industrial demand, with very little investor demand, for a total of about $10 billion of new silver per year. Most of industrial demand is price inflexible, since the amount of silver used is a very little cost compared to the final item. We might assume that some, but not all, of current demand might wait or delay purchases due to higher prices, but also, higher silver prices might attract additional investor demand, as investors these days are more attracted to rising price trends than they are to excellent fundamental reasons to buy. Also, higher prices may cause panic stockpiling by other industrial users who might wish to lock in lower prices, or secure enough supply in a tight market. Therefore, an additional $1 billion of new buying, over the course of a year, could cause the silver price to move up by much more than 10%. But if a billion dollars tried to buy silver within a month's time, then that impact, if looked at as if it were to be annualized, that would look like another $12 billion was trying to enter the market, and thus, the silver price might move up by more than 100% in a month!
Here's another way to look at what $1 billion of silver buying within a month would do to silver. Currently, we have about $1.9 billion per year of investment demand buying 100 million oz. of silver, which works out to $158 million in a month. $1 billion buying silver within a month would be 6.3 times more than the current silver investment demand.
Therefore, it is impossible to know exactly when silver prices will explode. And there's really no need, is there? All we really need to know, is that silver prices are highly explosive, which is great if you own silver!
Well, I suppose there is another way to tell if, or when, silver prices will explode. If you gave me the personal email addresses of all 1000 billionaires in the world, and if I sent them all my article from August 23rd, you could easily bet that the silver price would be likely to double within a week. But it's not likely that I'll get that email list.
Oddly, the silver price has gained about $1/oz. since my last article on the 23rd, which is when this latest rally began.
1% of 1% August 23rd, 2010
http://tinyurl.com/252xx5o
Bloomberg wrote: " Silver has outperformed the yellow metal since Aug. 23, gaining 6 percent compared with gold's 1.4 percent gain, as investors bought the white metal because of its relative cheapness to gold."
Really wealthy people are kind of funny. For them, it's often about status, or power, not wealth anymore. Well then, they should know that if they are in the top 1000 of wealthy families, they have an opportunity to enter the top 100, if only they buy silver. And if they are in the top 100, then they can likely enter the top 10, if only they buy silver. And if they are in the top ten, well, they might just be able to buy a few nations, if only they buy silver, before other billionaires do.
They should know that buying silver first is not like a race, it IS a race!
But there are many thousands of funds, retirement funds, each managing billions, and any one of them could decide to buy silver in an attempt to gain increased performance for their portfolios, too!.
The point is that reaching people, and teaching people the fundamentals of silver is potentially a very productive thing for silver prices.
In case this email is actually forwarded to any of the world's billionaires, I suggest that they read my prior article specifically for them:
How to Get Into Silver, for Billionaires February 27, 2008
=====
So, how else can you reach people? The Silver Circle Movie!
Please Support the Silver Circle Movie! They need to raise, within the next week, $4000 to cast actors.
Here's their online pitch, it's very funny:
Silver Circle - Animated Dystopian Film Needs Funding for Talent
http://kck.st/cgDktF
=====
I have a few ironic insights about people and wisdom.
To be wise, you have to have a very long attention span.
To market wisdom, you have to express it as if people have very short attention spans. Headlines, urls, titles, names and signs must catch a person's attention in less than 1 second. And you have to have a 5 second pitch, a 10 second pitch, and a 20 sec., 1 min pitch, 5 min pitch, 10 min. speech, 30 min speech, 1 hour speech, etc. Even wise people will ignore many things, so you have to work hard to catch people's attention quickly!
To want to teach wisdom, you have to be unselfish; but you have to put it forth in such a way that wisdom is attractive to people who are totally selfish. Even wise people recognize that people who act in their self interest create a rational free market economy.
To become wise, you have to constantly think, discern, and learn. But most people rarely think deeply, they mostly just remember slogans. Even college kids earn A's merely by regurgitating the definitions of the theories of the day; no real thinking is required. Ok, then, here it is:
SILVER PRICES WILL EXPLODE!
SILVER PRICES WILL GO UP!
SILVER INVESTORS WILL MAKE FORTUNES!
SILVER IS LIKELY TO INCREASE BY A FACTOR OF 100 TIMES GREATER!
SILVER PRICES CAN GO UP BY 10,000%!
The Federal Reserve seems to understand these rules, and makes expert use of them.
The Fed is a master marketer. They own the media, or their partners do, and they give a constant bombardment of headlines favorable to the dollar and the Fed.
The Fed appeals to people's greed, they even actively bribe judges to win court cases.
Payoffs for Judges, Prosecutors Is Legal by Statute
http://americanfreepress.net/html/payoffs_for_judges_232.html
When judges are bribed, it becomes impossible for them to present rational arguments for their decisions. That happened to me, I saw it in action in 2003-2004. http://bibleprophesy.org/squaw.htm
The Federal Reserve markets through propaganda and slogans; no real analysis is ever presented for a strong dollar. For over ten years, the Fed and their media whores have warned of the risks of deflation--and yet, all the while, M3 has increased from $5 trillion to $15 trillion, and silver has increased from $5 to over $15/oz., which is 200% inflation over a decade, but all we hear of is the constant danger of deflation.
The Fed LIES!
Meanwhile, the banks who were bailed out last year are still keeping a huge reserve of cash on deposit with the Fed, so it's not counted in M3 stats, that are no longer being published by the Fed, so there is a double secret plan to hide the inflation, and furthermore, the Federal Budget gap, or deficit, is $1.5 trillion, which must be printed, which is 10% annual inflation right there!
The Fed relies on the fact that people don't actively think nor remember the Fed's deceptive cry about deflation, nor do people remember the facts of the actual horrendous inflation over the last decade, or even in the last year.
So just remember one thing.
Silver prices can double overnight, at anytime, and it's totally impossible to predict when it will happen. And yet, at some unexpected day out of the blue, silver prices will likely double, and nobody will understand why, except me, and you.
Because we know that the silver market is just way too small, and prices just way too low.
=====
I strongly advise you to take possession of real gold and silver, at anywhere near today's price, while you still can. The fundamentals indicate rising prices for decades to come.
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