Gold Price Update
Economist and Hedge Fund Manager Shayne Heffernan of www.livetradingnews.com takes a look at Gold Trading.
Spot gold up 0.6 % to $1,723.70 and was trading at $1,722.30 in Asia , gold fell 1 % last week, Gold December up 0.4 % to $1,722.10 , silver up 1.1 % to $32.6688 .Platinum up 0.5% to $1,567.25 after falling 1.7 % in the last two days. Palladium gained 0.7 % to $632 .
Holdings of gold-backed exchange-traded funds rose to a record high of 75.421 million ounces on November 16, suggesting unabated investment interest.
Speculators raised their net long bets in US gold in the week ended November 13 from the lowest level in about three months hit a week earlier, the US Commodity Futures Trading Commission said.
Net long positions in US silver edged up to 27,802 contracts from 27,350 contracts a week earlier, their lowest since late August.
Statistics from the World Gold Council for the three months to September 30 show that gold demand was up 10 per cent on the June quarter to 1084.5 tonnes, but down 11 per cent on the previous corresponding period.
Even though central banks remained net buyers and EFT inflows were strong, demand in the category of bars and coins fell 16 per cent on the previous September quarter.
Maco Factors
USD Index, fell 0.2 %.
Holdings in Gold ETPs rose to 2,603.692 MT on Nov. 16,
Gold up 10 % YTD on Central Bank Purchases
BoJ meeting today on monetary easing.
U.S. Mint has sold 56,000 ounces of gold coins in November, up 161 % from a year earlier.
Funds increased their net-long positions in futures adding 7.7 % to 140,162 contracts in the week
Gold Live Trading News Macro Chart Gain Access to the Latest Charting and News Technology, Runs on Your Desktop and your iPad , a Must for all Serious traders, info@livetradingnews.com
Related Articles
Hot Charts: Gold Price Update
November 6th, 2012
Gold Price Holds at $1,700 oz
November 17th, 2012
Gold Price, News and Technical Levels
November 20th, 2012
Gold Rising, Miners Mixed KGC, AU, ABX, GG, AUY, NEM, GLD
November 9th, 2012
More News
HeffCap Global Offshore Dividend Focused CFD Fund, great protection in the current economic environment
Managing investments in equities requires time, knowledge, experience and constant monitoring of stock markets. Those who need an expert to help manage their investments, portfolio management services (PMS) comes as an answer.
The business of portfolio management has never been an easy one. Juggling the limited choices at hand with the twin requirements of adequate safety and sizable returns is a task fraught with complexities.
Given the unpredictable nature of the share market, it requires solid experience and strong research to make the right decision. In the end it boils down to making the right move in the right direction at the right time. That's where the expert comes in.
HCM has decades of experience in providing portfolio Management services, where we help you understand the way into the market
When you invest your hard earned money, it is imperative to know all about your investments. We help you to take those steps forward towards Informed Investments - a consultative and transparent method of investing. With our portfolio management services you are always consulted and informed of all investment decisions, thus giving you total control of your portfolio.
Linda Johnson,
Business Development Director – Private Client Group,
Heffernan Capital Management
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
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
1 of 6
China Economy in for a Shock
Thursday’s PMI revived investor worries about whether China can sustain an economic revival this year, after annual growth slumped to a 13-year trough in 2012. China’s factory output and investment performance for April released earlier …
Commentary
Investor Services
Portfolio Management Services
Protect against inflation and currency shifts.
What is Portfolio Management?
Managing investments in equities requires time,
…
UAE Economy Seeing a Spring Boom
HBC
Driven by stable high Crude Oil prices, tourism, diversification and a liberal trade policy, the United Arab Emirates (UAE) witnesses an unprecedented …
Commodities; Crude Oil ends the Week 2.3% Lower, Nat Gas Gains 4.4%
Jul Crude Oil lifted off its session low of 93.04 set moments after floor trade …
The Hot List
Roulette, The Devil’s Game
All of the numbers on a Roulette Wheel add up to 666, hence, that is why roulette is referred to as “The Devil’s Game.”
Roulette …
shoutbox
Guest: bztg, come on shane, lite this puppy up. been waiting too long lets go!!!
Tue, 04/30/13 | 0 Comment
1034 
104 
Guest: gsat get it now. if u snooze u lose
Fri, 04/19/13 | 0 Comment
1413
147
