21 Jan – 22 Feb
$500 Contest
Fxprizes
We have support at 3 spots --
1662-1665
1655-1659
1647-1651
Gold Set To Rally While Russia Bolsters Gold Reserves
Precious metals prices turned lower on Thursday, as the price to invest in Gold eased to $1,672.30 an ounce, and the price to invest in Silver dipped to $31.81 an ounce, after the House extended the nation's debt ceiling until May 19, and Gold lacked the momentum to push through resistance and move above the $1,700 an ounce level. The measures passed on Wednesday by lawmakers averted for now, at least, a repeat of the contentious deadlock in 2011 that helped to push the price of Gold to a record all-time high of $1,920.30 an ounce.
Morgan Stanley analysts, on Thursday said Gold is set to rally this year and next, as the Fed will likely continue its bond buying for two more years to firmly establish the economic recovery. “We are skeptical that dissenters within the FOMC on current monetary policy will succeed in overturning the current policy settings before the end of 2014,” wrote the analysts. There will be an “ongoing commitment to QE3,” they continued, and Gold could average $1,715 in the first quarter and $1,830 an ounce in the final quarter of 2013.
Meanwhile, long term, "The investment case for Gold looks robust," said Evy Hambro of Blackrock. "The behavior of central banks," added Hambro, "suggests Gold purchases look set to continue as diversification of currency exposure remains a key focus." The Russian central bank is the latest to signal that it will diversify its foreign reserves out of risky paper assets and into Gold bullion as it seeks to reinforce its ability to withstand future economic calamities.
"We are buying metal and will continue to pursue this course," said First Deputy Chairman Alexei Ulyukayev, as he spoke during the World Economic Forum, in Davos on Thursday. The Bank of Russia's foreign reserves now top $530 billion, the fourth largest in the world. Protect your wealth and your retirement, during these times of economic and geopolitical uncertainty, invest in Gold and invest in Silver and protect your wealth in 2013.
INVATA SA TRANZACTIONEZI GRATIS PIPSI IN FOREX
21 Jan – 22 Feb
$500 Contest
Fxprizes
We have support at 3 spots --
1662-1665
1655-1659
1647-1651
INVATA SA TRANZACTIONEZI GRATIS PIPSI IN FOREX
$500 Contest
Fxprizes
We have support at 3 spots --
1662-1665
1655-1659
1647-1651
Gold Set To Rally While Russia Bolsters Gold Reserves
Precious metals prices turned lower on Thursday, as the price to invest in Gold eased to $1,672.30 an ounce, and the price to invest in Silver dipped to $31.81 an ounce, after the House extended the nation's debt ceiling until May 19, and Gold lacked the momentum to push through resistance and move above the $1,700 an ounce level. The measures passed on Wednesday by lawmakers averted for now, at least, a repeat of the contentious deadlock in 2011 that helped to push the price of Gold to a record all-time high of $1,920.30 an ounce.
Morgan Stanley analysts, on Thursday said Gold is set to rally this year and next, as the Fed will likely continue its bond buying for two more years to firmly establish the economic recovery. “We are skeptical that dissenters within the FOMC on current monetary policy will succeed in overturning the current policy settings before the end of 2014,” wrote the analysts. There will be an “ongoing commitment to QE3,” they continued, and Gold could average $1,715 in the first quarter and $1,830 an ounce in the final quarter of 2013.
Meanwhile, long term, "The investment case for Gold looks robust," said Evy Hambro of Blackrock. "The behavior of central banks," added Hambro, "suggests Gold purchases look set to continue as diversification of currency exposure remains a key focus." The Russian central bank is the latest to signal that it will diversify its foreign reserves out of risky paper assets and into Gold bullion as it seeks to reinforce its ability to withstand future economic calamities.
"We are buying metal and will continue to pursue this course," said First Deputy Chairman Alexei Ulyukayev, as he spoke during the World Economic Forum, in Davos on Thursday. The Bank of Russia's foreign reserves now top $530 billion, the fourth largest in the world. Protect your wealth and your retirement, during these times of economic and geopolitical uncertainty, invest in Gold and invest in Silver and protect your wealth in 2013.
YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
Do your own due diligence.
No one knows tomorrow's price or circumstance.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
King Regards
