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XAUUSD update 2008-02-05 17:20:00 The price of gold advanced about 300$ in the last 6 month. If you multiply that by ~150,000 tons (estimation of total gold above ground - worldwide) then all of that is worth ~ 150,000{tons) x 30,000{average ounces in ton) x 1000(gold futures price estimation) = 4,500,000,000,000$. 4.5 Trillion. What does it mean? Well… all the gold that people have ever mined is worth about: 100 times more ...

Gold OTC derivatives 2007-12-25 16:19:00 Total OTC derivatives are up from ~414 trillion to ~516 trillion for notional amounts outstanding (+24.6%) and up from 9.682 trillion to 11.140 trillion at gross market values (+15%). Gold OTC derivatives are actually down from 0.640 trillion to 0.426 trillion for notional amounts outstanding (-33.4%) and from 56 billion to 47 billion at gross market values (-16%). Gold OTC derivatives are ...

XAUUSD, XAGUSD Charts 2007-11-12 12:12:00 Significant corrections are taking place for both gold and silver. So far this is the sharpest drop seen since the mid august bottom. Each Fib line is currently a possible downside target. Personally, I observe that at the moment some other markets offer superior short term trading opportunities. Silver (Spot price) 8 hours chart Gold (Spot price) 8 hours chart ...

GCZ7 Chart (Comex Gold) 2007-10-28 15:53:00 Dear readers, The trend is simply (still) up until it isn't. The move is extended and as the price keeps climbing the risk for a sharp sell off is also increasing. But for now after a modest ~25$ correction gold quickly recovered and made a new high. The trend (since August) support is currently coming at ~758$ . From an Elliott wave perspective (according to my count and understanding )support ...

Gold Yen 2007-10-18 10:45:00 Gold Yen indicates some kind of top (short or mid term) is around here so take note and be conservative with bearish USD speculation. ...

GGP Update 2007-08-20 13:23:00 Dear readers, In recent weeks the Dow Jones World Index had it's worst decline since 2002. On the same page the VIX reached the highest point since 2003. Given recent moves in major currencies (EURJPY 169 – 149, GBPJPY 251-219) gold have been as stable as one can expect from a major independent private currency. This is very encouraging to say the least. Odds still favors higher gold rates ...

2007 Q2 Hedge Book 2007-08-16 13:07:00 Insiders are still buying : Q2 07 Hedge Impact Declines 5.4 Moz to 31.2 Moz. See the full report here ...

Dubai's Gold ETF 2007-07-31 06:05:00 By Summer Said DUBAI (Reuters) - Dubai, already the region's gold trade hub, may see the launch of the Middle East's first gold exchange traded fund (ETF) in 2008, a senior World Gold Council (WGC) official said on Monday. "Gold trade in Dubai and the region is definitely booming and the market players need an ETF market to manage their risk and catch up with other international markets," said ...

GCQ7 Update 2007-07-24 14:43:00 Dear readers, This will probably be the last GCQ7 chart as gold futures contracts are rolled into December and October (GCV7, GCZ7). Hype is all over the place so sentiment indicator probably supports the case for some correction here, As previously mentioned USD is trying to bounce. August Gold - GCQ7 Intraday (120 min) Chart ...

Gold, USD & Forex Update 2007-07-22 10:24:00 Dear readers, The USD is looking oversold here and some bounce might be expected. If you add a channel the way I did, you can see that the USD index is at the bottom of the channel. In addition, the USD just tested the psychological important 80 level – this level was rarely violated, ever. USD Index Daily Chart (note the deep oversold condition of RSI 14) ... Amp

Gold and Silver Charts 2007-07-17 12:57:00 Dear readers, Yet again, minor consolidation might be over; gold and silver should be ready to move higher. Just my opinion, only the time will tell. (SIU7) COMEX September Silver Intraday Chart (2 hours sticks) (ZGQ7) CBOT August Gold Intraday Chart (2 hours sticks) ...

Gold Market News 2007-07-17 05:05:00 First Japanese gold ETF due to launch Aug. 10 source As well as Small-Lot Gold Futures Trading on TOCOM(100 grams per lot , margin = 12,000 Yen) source Korea : The government plans to establish an exchange for gold as early as next year. By Lee Hyo-sik Staff Reporter "The government plans to establish an exchange for gold as early as next year to make gold transactions more transparent and ...

GCQ7 2007-07-12 12:59:00 Gold, Silver, Platinum & Palladium all up on the day. Two hours sticks chart of COMEX August gold contract looking very similar to the COMEX September silver chart I posted two days ago. ...

Japan Should Diversify Reserves 2007-07-11 03:24:00 Markets normally lead the press… Japan Should Diversify Reserves, Abe Adviser Ito Says By Shigeki Nozawa July 11 (Bloomberg) -- Japan, the largest overseas holder of U.S. Treasuries, should invest $700 billion of its currency reserves in higher-yielding assets such as stocks and corporate bonds, said Takatoshi Ito, an adviser to the prime minister. The reserves should be managed by a special ...

XAU, XAG & Forex Commentary 2007-07-10 13:25:00 Not much change in the USD price of gold (xauusd) today. Gold futures traded and closed slightly higher but priced in Euro and Yen gold is actually down today. The Euro made a new all time high vs. the USD, EURUSD ~= 1.3740. Note that pre issued Euro high was EURUSD 1.4750, Long term (30 years) retro perspective EUR/USD chart. Marginal carry traders capitulated as the Yen rallied strongly. Be ... Amp