Gold Price Makes for Great Investing
Gold Price Makes for Great Investing
I am still confident Gold will break $2000 in the first half of 2013.
And now is a great time to be buying. Gold was flat at $1,666.80 in Asian trading after falling 0.2% yesterday and falling to $1,661.10 on Dec. 18, the lowest since Aug. 31, Gold February at $1,667.90 from $1,667.70 . Cash silver rose as much as 0.5% to $31.20 , Spot platinum was little changed at $1,588.25 after falling for the past 3 days. The best performing precious metal this year, up 13% , hit a two-week low of $1,584 earlier. Palladium fell 0.4% to $692 .
Factors
Lawmakers are negotiating to avert more than $600 billion in automatic tax rises and spending cuts
USD Index snapped a four-day decline.
Gold traded near the lowest level since August as an impasse in U.S. budget talks
Holdings in ETP climbed 12% this year to 2,631.794 metric tons Lifetime High
US : White house :negotiations with Speaker Boehner have deteriorated in the past 24 hours
US : Fiscal Cliff: avert more than $600 billion in automatic tax rises and spending cuts
GOLD : in ETPs climbed 12% this year to 2,631.794 metric tons Lifetime High
CANADA: CAD Weakens Amid IMF Call to Maintain Interest Rates
GOLD (Spot) intraday: under pressure.
Pivot: 1687.00
Get ready to buy: below 1687 with 1660 & 1651 in sight.
The Move up: The upside breakout of 1687 will open the way to 1703 & 1710.
Comment: a break below 1660 would trigger a drop towards 1651.
Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
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Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Shayne Heffernan Ph.D.
Economist/Hedge Fund Manager
Shayne Heffernan oversees the management of funds for institutions and high net worth individuals. He is also an active consultant working with Corporations around the World.
He is recognized as one of the leading Economists in South East Asia, as well as the preeminent authority on ASEAN. His opinions and forecasts are widely read by decision makers in the region and Internationally.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.
Member
Chinese Society of Economists
American Economic Society
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Guest: bztg, come on shane, lite this puppy up. been waiting too long lets go!!!
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Guest: gsat get it now. if u snooze u lose
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