Outlook for Gold in 2012

The correction since September has caused some market players to temper the Bullish view of Gold prices, LTN held the POV that any more Southside action would be temporary and the precious Yellow metal will make new highs in 2012.

The confluence of factors contributing to Gold’s resumption of the up-trend, include; negative real interest rates, exceptionally low interest rates together with enhanced inflation expectation, mistrust of fiat (paper)currency and the slowed resolution in the sovereign debt crisis in the EuroZone.

That said, Shayne and I hold that the Gold price may rise just above the 2000 mark later this year, or in early 2013, even as some are saying that the Gold market may be nearing the closing of its long Bull run.

On the supply-demand balance in 1-H of Y 2012, mine production is expected to increase by +3.2% Y/Y to 1400 tons, offset by a -3.1% decline in old Gold scrap to 734 tons.

On the demand side, fabrication will be lowered by -3.4% in 1-H of Y 2012 as driven by a -3.1% decline in jewelry demand. Net official sector purchases would also be down by -7.3%. But, the official sector would remain a net buyer of the precious Yellow metal.

The POV that Gold’s up-trend will be resumed after the correction is in line with our forecast. As I mentioned in the weekly technical outlook, Gold’s price actions from 1923.7 high are viewed as a medium term consolidation pattern only.

Long Term Picture: with 1478.3, the Key support, intact, there is no change in the long term Bullish outlook in Gold. Some more medium term consolidation cannot be ruled out, I anticipate an eventual break of 2000, the psych mark, in the long run. Stay tuned…

Paul A. Ebeling, Jnr.
strong>Paul A. Ebeling, Jnr

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
www.livetradingnews.com

Find out more about HCM Managed Funds

For More Information Contact

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
Email : info@heffcap.com

Bangkok

Suite 53 Athenee Tower
63 Wireless Road,
Lumpini, Pathumwan,
Bangkok 10330 THAILAND
Email : info@heffcap.com

New York

347 5th Avenue, Suite 1402-508 NY, NY 10016

Email : info@heffcap.com

 


Get the Updates Daily

Brokerage, Investment Management, Investment Banking, Emerging
Managed Trading Account with Integrity and Stability

THE BEST OVERALL MANAGED ACCOUNT SOLUTION, FIND OUT WHY, CONTACT US TODAY

Now is the time to get professional portfolio management services with HCM. Reap the benefits of proper international diversification and positioning in the global market place, with a high degree of customer service.

Our Managed Account Program accommodates those investors who wish to allocate a portion of their risk capital to managed hedge funds.

Find out why we are at the top, select the right investment for inclusion in your portfolio, to receive information and/or get started Click Here

Lower the Exposure of Your Portfolio to the Risks of the Global Marketplace.

Profits can be made on a falling market (by selling short) just as easily as buying a rising market, in addition, derivatives and CFD trading allows profits to be compounded monthly. Let us put the world’s most liquid, but least understood market, in your financial arsenal.

Global Portfolio and World Events

Do you have your portfolio directly linked to the economy?

• Equities
• Interest Rates
• Real-Estate

Which investment benefits are You lacking?

• Recession Proof
• Inflation
• Full Transparency and Audit Trail

Select the right investment for inclusion in your portfolio,to receive information and or get started Click Here

Managed Trading Account

You have a choice. There is No need to own “Companies” .There is No need to own illiquid Company stock, funds or Real Estate”. Do you have your portfolio directly linked to the economy? Or Worse just the Stock Market or Real Estate? Get a Liquid, Transparent/Separately Managed Liquid,Alternative Investment Account in Your Name , where money management, along with capital preservation and liquidity are most important.

Features:

• Professionally supervised by traders
• Risk/Money management (very important to us)
• Trades only occur with the most liquid spot markets
• High degree of liquidity
• Excellent Risk-to-Reward ratio
• Profits possible regardless of direction of the market
• Portfolio diversification: currencies, commodities, stocks, bonds, mutual funds, ADRs

Benefits:

• No one can withdraw funds other than the client
• The clients deposit direct to custodian
• The trader can only trade
• The investor’s funds remain in the client’s OWN NAME.
• The investor’s funds are held by an independent institution .
• Clients have direct access to their account, 24 hours a day

Our Goals For You:

• Capital Preservation
• Income Generation
• Security
• Quality Service
• Planning for the Future

Select the right investments for inclusion in your portfolio, to receive information and or get started Click Here

Your use of any of the Websites or any of the Services (defined below) constitutes your agreement to be bound by and comply with the Website Terms and Conditions and your consent to the collection, use and disclosure of personal information as described in the Privacy Policy. If you do not so agree and consent, you are not authorized to visit or use our Websites or the Services.

Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. You must also accept that opinions on stock markets change minute to minute, opinions expressed my change at any time without warning. Opinions maybe influenced by ad sales and other financial consideration. This site does not offer any assistance in making financial decisions.

Read the Terms of Service