Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

GOLD & OBAMA: A love story

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/13/2012 | 03:33pm CEST

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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news
Date Title
09:10a HONDA MOTOR : Announces Safety Suite on 2017 Accord Hybrid - Bicycle and Motorcycle Accident Lawyers Urge Automakers To Offer Blind Spot Cameras
09:04a CHANGE - ANNOUNCEMENT OF APPOINTMENT : : Appointment Of Company Secretary
09:04a CHANGE - ANNOUNCEMENT OF CESSATION : : Resignation Of Company Secretary
09:02a EURO BERHAD : Registration Open for UAV Technology Eastern Europe
09:02a HEXAGON : ERP Staffing Solutions Experts PlanIT Search Highlight How Their Brand Continually Stands Above Others in the Industry
09:02a UNITED REAL ESTATE K : ® Real Estate’s Top Performing Agents Transacted Over $54,732,503 in Sales Volume in Q1 2016
09:02a SOUTHEASTERN BANK FINANCIAL : Georgia Bank, Southern Bank company reports higher earnings
08:49aDJSequoia Reopens To New Clients -- WSJ
08:49aDJChinese Oil Sector Bends to Slump -- WSJ
08:49aDJExxon Swoons, but Investors Cheer -- WSJ
Latest news
Advertisement
Hot News 
ANDALAS ENERGY AND POWER : Issue of Zero Coupon Loan Note
6D GLOBAL TECHNOLOGIES, INC : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)
AVOLON : sustains strong performance as fleet increases to over 400 aircraft
PETRO MATAD : Expecting "Highly Material" Compensation From Partner
HML : Director Dealing April 2016
Most Read News
04/29 SAMARCO MINERAÇÃO : Citizen’s Home is inaugurated in Anchieta (ES)
04/29 EMERALD PLANTATION : Notice of Extraordinary General Meeting
04/29 Introducing New Villa Homes In The Charming Town Of Noblesville, IN
04/29 IMPORTANT LA QUINTA Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a class action lawsuit has been commenced on behalf of shareholders of La Quinta Holdings Inc. -- LQ
12:15a NIOC NATIONAL IRANIAN OIL : Asias March Iran Oil Imports Up 50
Most recommended articles
02:49aDJSequoia Reopens To New Clients -- WSJ
02:49aDJChinese Oil Sector Bends to Slump -- WSJ
02:49aDJExxon Swoons, but Investors Cheer -- WSJ
02:49aDJOusted Priceline CEO Took 32% Pay Cut -- WSJ
02:49aDJBeer Giant Offers to Sell Some Brands -- WSJ