Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  News


Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

GOLD & OBAMA: A love story

11/13/2012 | 09:33am US/Eastern

The President of the United States, Barack Obama and gold linked their destiny. The performance of gold metal escapes from criticism (which is not necessarily the case for the politician) with a gain over the last four years of $ 1000, up 140%.

The reasons are simple: a policy of quantitative easing from the Fed. In addition, Ben Bernanke should be maintained with the re-election of the Democratic candidate.
Proof of this common destiny, the net recovery of gold due to results of the U.S. election (profit of more than $ 40 in the trading session). It must say that investors think clearly still difficult economic situation, promoting the application of another quantitative-easing, real catalyst of the gold market. The downside of this policy is the risk of inflation, monetary trouble which causes massive purchases of gold to protect the assets of investors.

It is generally the policy of low interest rates and "easy" money which promotes regular purchases from investors.


Evolution of the gold price per ounce since the first election of Barack Obama
with the consolidation phasis for 16 months around the 200-day moving average.


Technically to analyze the gold metal, it should monitor its behavior in weekly data. In fact, the gold contract remains locked in a trading range with a neutral zone as lower limit USD 1580 and recent highs for upper limit at USD 1800. Therefore, all fluctuations are only simple movements around the 200-day moving average and are not real mid-term trends.
Nevertheless, we maintain a positive bias that will materialize with the crossing of upper limit, resulting a new bullish trend towards the symbolic area of USD 2000.


Patrick Rejaunier
© 4-traders.com 2012
React to this article
Latest news
Date Title
08:09a ECO ATLANTIC OIL & GAS : Announces Annual Results for the Year Ended March 31, 2015 and Provides Business Update
08:09a American Society of Bariatric Physicians Will Change Its Name to Obesity Medicine Association
08:08a GAMING AND LEISURE PROPERTIES : reports 2Q results
08:08a BRINKS : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K)
08:08a XYLEM : meets 2Q profit forecasts
08:08a VERIZON COMMUNICATIONS : workers vote to go on strike Saturday, if necessary
08:08a WILLIS : Appoints Thomas Messer as Regional Leader of Aviation in Latin America
08:08aDJValero Profit Buoyed by Strong Refining Results
08:08a BEKAERT : Transparency law
08:08a THE NATION'S MODEL MEDICAL CANNABIS DISPENSARY : Harborside Health Center Outlasts California's US Attorney Melinda Haag Era
Latest news
Hot News 
ACCESSO TECHNOLOGY : *numis raises accesso technology price target to 910 (730) pence - 'buy'
PRIVATE EQUITY INVESTOR : Annual Financial Report
HELLERMANNTYTON : Surges Higher On Delphi Automotive Takeover
DISTIL : 30 July 2015 - Director's Dealing
CHIME COMMUNICATIONS : Set To Be Acquired By WPP And Providence
Most Read News
12:17a Patent Issued for Organic Light Emitting Diode Display and Method for Manufacturing the Same
07/29 Patent Issued for Canceling Narrowband Interfering Signals in a Distributed Antenna System
07/29 Patent Issued for Projection Display Apparatus and Control Method Therefor
07/29 Patent Issued for Receiver Circuit
Most recommended articles
08:07aDJAstraZeneca Boosted by Licensing Deals -- 2nd Update
08:06aDJCME Group Tops Expectations as Higher Trading Volume Lifts Revenue
07:59a CONOCOPHILLIPS : Conoco results beat estimates, cuts capex amid low oil price
07:59a ECB's money-printing working though deflation, growth threats persist
07:57aDJEUROPE MARKETS : European Stocks Rise As Earnings Continue To Roll In