<b>Gold Price</b> Exploding In Emerging Markets | Gold Silver Worlds |
- <b>Gold Price</b> Exploding In Emerging Markets | Gold Silver Worlds
- <b>Gold Price</b> Exploding In Emerging Markets :: The Market Oracle <b>...</b>
- 5 Chrome Extensions To Keep Track Of <b>Gold Prices</b> || Free Software
- The <b>gold price</b> hits my target in the <b>charts</b> - MoneyWeek
| <b>Gold Price</b> Exploding In Emerging Markets | Gold Silver Worlds Posted: 27 Jan 2014 02:44 PM PST Mainstream economists and mainstream media remain convinced that the economy and markets are in full recovery mode. Along the same lines, gold is unanimously expected to decline in the year(s) head. One of the most recent appearances of that kind was the 2014 outlook of IMF economic counselor, Olivier Blanchard, who explained last week that global growth would average 3.7% in 2014. Ironically, the recovery story, based on the central bank premise that they can create wealth by simply exploding their balance sheets, seems as solid as a "house of cards." Past week Thursday and Friday, several emerging markets suffered from an economic earthquake, especially in their currency markets, which resulted in losses in most developed world markets not seen since 6 months. The Yen and the Swiss Franc were considered a safe haven, just like gold and US Treasury bonds. Bloomberg says this is the worst selloff in emerging-market currencies in five years, revealing the impact from the Federal Reserve's tapering of monetary stimulus. "Investors are losing confidence in some of the biggest developing nations, extending the currency-market rout triggered last year when the Fed first signaled it would scale back stimulus. While Brazil, Russia, India, China and South Africa were the engines of global growth following the financial crisis in 2008, emerging markets now pose a threat to world financial stability." Argentina, Venezuela and Turkey have been hit hard. Argentine's Peso and Turkish Lira lost significant value against other major currencies in the past week. They recovered slightly today. In Argentina, the central bank pared dollar sales aimed at propping up the peso to preserve international reserves that have fallen to a seven-year low. "The central bank said it would lift two-year-old currency controls and allow the purchase of dollars for savings starting next week. […] The government told today it isn't intervening in the peso's decline, allowing the market, which is mostly closed to buyers of dollars, to adjust prices. It wasn't a devaluation induced by the state. For the lovers of free markets, supply and demand was expressed in the capital markets yesterday." The Turkish central bank tried an unscheduled intervention in the market to stop the lira from falling to record lows, something they haven't done since two years. "Investors are speculating the central bank's efforts to prop up the lira by burning through foreign-exchange reserves will prove futile without raising interest rates." The loss in purchasing power for people holding Argentine's Peso is astonishing:
The loss in value of the Turkish Lira is not as dramatic as the Peso, but it is still very bad:
The interesting part for us, gold enthusiasts, is the price of gold in the slaughtered currencies (prices on the close of January 24th):
This chart shows the price of gold in USD (yellow line) and in Peso (blue line). The black line is the currency exchange rate Peso against the USD. Chart courtesy: Sharelynx. Interestingly, the explosion of the gold price in Peso and Lira has pushed the gold price higher in the Western currencies. That is an important evolution, as it indicates what gold really stands for: a monetary asset. One should note that gold has gone higher even without inflation fears. This could be one of those catalysts that could break the downtrend in gold in major currencies. The underlying reason for the emerging market turmoil is said to be attributed to capital flight out of those markets. Directly linked to that is the tapering fear from the US Federal Reserve. What is the importance of this for Western investors? There could be a counter intuitive answer to that question. Basically, up until today, there was a narrative surrounding the Federal Reserve who got credit for the positive economic results after having stopped the implosion of the financial system in 2009. However, there is still no empirical evidence that the plan has worked, because the world is still on the monetary infusion. We should note that the present type of situation, characterized by tapering in a global fiat based monetary system with huge amounts of debt, is unique in human history. As John Mauldin pointed out this week, if the narrative about central planning changes, indicating that the present monetary experiment was the wrong answer to the problem, there could be very nasty effects, especially out of the emerging markets. This is why (courtesy of Ben Hunt):
Nodoby knows how exactly a change in the narrative will play out, but given this week's evolution, it seems likely that a flight out of risk assets into gold as a safe haven is very likely. Once the narrative changes, the product of the most powerful central bank, i.e. the US dollar, could be hit by a serious trust crisis. That is the point where the Western world could rediscover the monetary value of gold. That is the point where the correlation between the commodity index and precious metals prices (as evidenced since 2011) will break. Gold is more than a commodity. It is the ultimate protection against the central banking illusion. There really is a reason why we advocate holding physical gold outside the banking system.  | ||||
| <b>Gold Price</b> Exploding In Emerging Markets :: The Market Oracle <b>...</b> Posted: 27 Jan 2014 11:07 PM PST By: GoldSilverWorlds
One of the most recent appearances of that kind was the 2014 outlook of IMF economic counselor, Olivier Blanchard, who explained last week that global growth would average 3.7% in 2014. Ironically, the recovery story, based on the central bank premise that they can create wealth by simply exploding their balance sheets, seems as solid as a "house of cards." Past week Thursday and Friday, several emerging markets suffered from an economic earthquake, especially in their currency markets, which resulted in losses in most developed world markets not seen since 6 months. The Yen and the Swiss Franc were considered a safe haven, just like gold and US Treasury bonds. Bloomberg says this is the worst selloff in emerging-market currencies in five years, revealing the impact from the Federal Reserve's tapering of monetary stimulus. "Investors are losing confidence in some of the biggest developing nations, extending the currency-market rout triggered last year when the Fed first signaled it would scale back stimulus. While Brazil, Russia, India, China and South Africa were the engines of global growth following the financial crisis in 2008, emerging markets now pose a threat to world financial stability." Argentina, Venezuela and Turkey have been hit hard. Argentine's Peso and Turkish Lira lost significant value against other major currencies in the past week. They recovered slightly today. In Argentina, the central bank pared dollar sales aimed at propping up the peso to preserve international reserves that have fallen to a seven-year low. "The central bank said it would lift two-year-old currency controls and allow the purchase of dollars for savings starting next week. […] The government told today it isn't intervening in the peso's decline, allowing the market, which is mostly closed to buyers of dollars, to adjust prices. It wasn't a devaluation induced by the state. For the lovers of free markets, supply and demand was expressed in the capital markets yesterday." The Turkish central bank tried an unscheduled intervention in the market to stop the lira from falling to record lows, something they haven't done since two years. "Investors are speculating the central bank's efforts to prop up the lira by burning through foreign-exchange reserves will prove futile without raising interest rates." The loss in purchasing power for people holding Argentine's Peso is astonishing:
The loss in value of the Turkish Lira is not as dramatic as the Peso, but it is still very bad:
The interesting part for us, gold enthusiasts, is the price of gold in the slaughtered currencies (prices on the close of January 24th):
This chart shows the price of gold in USD (yellow line) and in Peso (blue line). The black line is the currency exchange rate Peso against the USD. Chart courtesy: Sharelynx. Interestingly, the explosion of the gold price in Peso and Lira has pushed the gold price higher in the Western currencies. That is an important evolution, as it indicates what gold really stands for: a monetary asset. One should note that gold has gone higher even without inflation fears. This could be one of those catalysts that could break the downtrend in gold in major currencies. The underlying reason for the emerging market turmoil is said to be attributed to capital flight out of those markets. Directly linked to that is the tapering fear from the US Federal Reserve. What is the importance of this for Western investors? There could be a counter intuitive answer to that question. Basically, up until today, there was a narrative surrounding the Federal Reserve who got credit for the positive economic results after having stopped the implosion of the financial system in 2009. However, there is still no empirical evidence that the plan has worked, because the world is still on the monetary infusion. We should note that the present type of situation, characterized by tapering in a global fiat based monetary system with huge amounts of debt, is unique in human history. As John Mauldin pointed out this week, if the narrative about central planning changes, indicating that the present monetary experiment was the wrong answer to the problem, there could be very nasty effects, especially out of the emerging markets. This is why (courtesy of Ben Hunt):
Nodoby knows how exactly a change in the narrative will play out, but given this week's evolution, it seems likely that a flight out of risk assets into gold as a safe haven is very likely. Once the narrative changes, the product of the most powerful central bank, i.e. the US dollar, could be hit by a serious trust crisis. That is the point where the Western world could rediscover the monetary value of gold. That is the point where the correlation between the commodity index and precious metals prices (as evidenced since 2011) will break. Gold is more than a commodity. It is the ultimate protection against the central banking illusion. There really is a reason why we advocate holding physical gold outside the banking system. Source - http://goldsilverworlds.com/price/gold-price-exploding-in-emerging-markets/ © 2014 Copyright goldsilverworlds - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors. © 2005-2014 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication. | ||||
| 5 Chrome Extensions To Keep Track Of <b>Gold Prices</b> || Free Software Posted: 27 Jan 2014 09:00 AM PST Here's a list of 5 Google Chrome extensions which you can use in order to keep track of gold prices. Gold markets have had its ups and downs recently. For the most part though, the price of gold goes up and this attracts a lot of investors. Like with any other investment, having the right information at the right time is very important. By adding gold price tracking extension into Chrome, you can keep an eye on the price of gold while you're browsing the web without having to leave the web browser. Precious Metal Charts
We'll start our list with Precious Metal Charts extension. Precious Metal Charts pulls in information about precious metal prices from Kitco. For those who don't know about Kitco, it's a famous precious metals portal where you can find a lot of information about not just gold, but also about silver, palladium, platinum and several others. Extension is very advanced. It allows you to keep an eye on not just the price of gold, but also silver, platinum, palladium and rhodium. Historical charts are available with up to 10 years of gold price history being available at a mouse click. Gold Price ChartsGold Price Charts is basically a simplified version of Precious Metal Charts extension that we talked about just now. It doesn't have the fancy interface that Metal Charts does, but it still gives all the relevant information about the price of gold. Next to gold, you can also check the price of silver and platinum. Price charts are also available here, but they're not as advanced as the ones before. Bullion PeekBullion Peek is an extension that's offered by the famous BullionVault website. The price of gold that you can track with this extension isn't the market price of gold, but rather the price that BullionVault is paying to both those trying to buy and those who are trying to sell. If you are a client of BullionVault and would like to keep track of your investments, to check and see what kind of profits you've made on that gold bullion slab that you purchased, then this extension is just the thing for you. Get Bullion Peek. Gold & Silver priceThose who are aching for even more simplicity will enjoy Gold & Silver price. This extension is just the thing you need. Unlike all the extensions that we talked about until now, this one shows just the basics, prices of gold and silver. The only setting that this gold price extension allows you to change is the currency that's used. Extension shows you gold prices, silver price and the famous gold to silver ratio. Get Gold & Silver price. BitickerNow for a little bit of interactivity, we move on to Biticker. Even though technically speaking this is an extension for bitcoin price tracking, there's a useful feature included where you can keep track of precious metal to bitcoin ratio. Among the supported we have silver, gold, platinum, and palladium. Right click on the extension icon in order to access settings and setup tickers. With tickers you will be notified when for example value of gold goes over a certain amoun of bitcoins. Get Biticker. ConclusionIf you're an investor, knowing what the price of gold is, and what the predictions for the future are is very important. These extensions can help you do that. Comments and suggestions are welcome down below.
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| The <b>gold price</b> hits my target in the <b>charts</b> - MoneyWeek Posted: 20 Jan 2014 03:57 AM PST It's always satisfying when one of my targets is hit. But my problems don't end there – they multiply. Decisions have to be made about how to manage the trade, which is one of the hardest aspects of swing trading. Trade management is one of the essential elements of being a successful trader.  You can have the finest trade-entry system in the world, but if your trade management is faulty you will most likely be unsuccessful. The question is this: Do I take profits at the target or hold on to the position? And if I hold, can I come up with another logical target? One of the deadly sins of tradingIt is very frustrating to take a profit and then see the market take off in your direction without you on board. Some traders would just grit their teeth and go on to the next trade. Others would close their eyes and jump back in after seeing the market make a huge move. Of course, this is often when the market reverses and takes that trade out for a loss that usually exceeds the profit on the first trade! This type of trading is one of my deadly sins. It's called 'emotional trading'. The other problem arises if I decide to hold. I do not want to see the market reverse and see my lovely paper profit disappear, which could happen. You see, things can get very emotional in the trade management phase – and this is the most dangerous part of trading. It's the battle in your mind between greed and fear – the classic encounter we all have to deal with. To be a long-time winner in the markets, you must have your emotions under control. Yes, we are all human and feel the same emotions when trading. But it is those who can act against their basic emotions that succeed. An emotional display is good at weddings and in the movies, but not in your trading room. Proof that my tramline method worksOn 10 January, I noted that gold was making a rally attempt as I forecast. I had my first target on this chart:
MONEYWEEK TRADERClaim your FREE report: The five-step game-plan for My first target is the Fibonacci 38% level. This is the picture this morning: I have drawn in my third tramline, which I can now do in light of the original upper tramline break. Last week's rally took the market to my target – and crucially made a hit on my third tramline. This tramline hit is another justification for using my tramline method. That's because it often gives a very accurate price target where short-term profits can be taken. Notice how the market bounced down off this third tramline as it respected the resistance provided by the line. But the market did not decline far from there. Instead, it staged a further sharp rally to move up above the resistance of the tramline. This morning, the market has made a new high for the move in the $1,260 area. If this consolidation holds, then my next target is the upper pink zone, which is the Fibonacci 50% retrace. If it does reach this level, then it should encounter very stiff resistance. That's because the 50% level is a very common turning point (as is the 62% level). Why gold is one of the most emotional marketsHow does the longer-term picture look in the light of this rally? This is the massive leg down off the October 2012 high at $1,800 with the famous plunge low last summer to the $1,180 level. Then we saw a vigorous relief rally to the September high. After that, there was the move down to the recent $1,180 low. That sets up the possibility of a double bottom, which I pointed out before.  I have applied the Elliott wave (EW) labels that I believe are operating. It is the correct EW labels for the move off the June 2012 low (which is certainly wave 3) that is in question, and I have made one valid attempt by assuming an A-B-C pattern. If we are in a large A-B-C off the wave 3 low, then a reasonable target would be the A wave high at the $1,430 area – a good $170 above the current market. That would make a very nice trade. If this is a realistic target, then to get there the market would have to punch through my upper tramline – and that is not a given, although it is only a handful of dollars away as I write. Interestingly, in January I have noted a sharp increase in bullish comments on gold. Some commentators are saying that it is back in a bull trend and to look for a huge rally. No doubt, many of these are written by hard-hit bulls who are hoping and praying for a come-back. Remember, gold did not have a friend a few weeks ago. It is amazing how a small $70 rally can re-kindle the glittering hopes of die-hard gold bulls. This proves that the gold market is one of the most emotional on the board. Even so, in the short-term, the path of least resistance is a dip back to the lower tramline in a kiss. But if not, then the market should make an assault on my Fibonacci 50% target at the $1,270 level. • If you're a new reader, or need a reminder about some of the methods I refer to in my trades, then do have a look at my introductory videos:• The essentials of tramline trading • Don't miss my next trading insight. To receive all my spread betting blog posts by email, as soon as I've written them, just sign up here . If you have any queries regarding MoneyWeek Trader, please contact us here.  New to MoneyWeek?Welcome, and thank you for visiting us. Here at MoneyWeek, our aim is simple. To give you intelligent and enjoyable commentary on the most important financial stories of the week, and tell you how to profit from them. If you've enjoyed what you've read so far, I've got something you'll definitely be interested in. Three times a week I send out our spread betting email, 'MoneyWeek Trader', which gives you tips, secrets and trading strategies – to help you avoid the traps most spread betters fall into, and maximise your profits. And with your permission, I'd like to send you MoneyWeek Trader for FREE. To sign-up enter your email address below. We hope you enjoy your stay on the site. Good luck with your investments! John C Burford, (No thanks) Because these emails are completely free, we do have to fund them with advertising. Occasionally we will send you promotional emails, however we will never give, sell or rent your email address to any other companies.For more information, please see our Privacy policy. • Stay up to date with MoneyWeek: Follow us on Twitter, Facebook and Google+ |
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