Log in
E-mail
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
Latest news
Date Title
11:50a ANA to cancel Boeing 787s flights to fix Rolls-Royce engines
11:50a FTD : ProFlowers® Floral Designer Earns Prestigious Recognition by the American Institute of Floral Designers®
11:50a CHINA ZHONGWANG : Posts Adjusted Net Profit of RMB1.51 Billion in 1H 2016
11:50a MAPLETREE GREATER CHINA COMMERCIAL TRUST : Disclosure of Interest/Changes in Interest of Substantial Shareholder(s)/Unitholder(s)
11:50a SHUN HO : Poll Results of Extraordinary General Meeting held on 25 August 2016
11:49a JOHN LAING : Dispels Brexit Fears As Net Asset Value Rises
11:49a BIG CAMERA PCL : Camera market reflects growth
11:49aDJMARKET SNAPSHOT : Wall Street Set For Losses As Yellen Speech Draws Closer
11:49aDJBANK OF COMMUNICATIONS : First-Half Net Profit Up 0.9% to CNY37.66 Billion
11:49a ALKALI METAL SILICATES MARKET IN SYRIA : Business Report 2016 - Research and Markets
Latest news
Advertisement
Hot News 
-1.86%Handelsbanken Sells Entire 6.8% Stake in Industrivarden
4.44%AMCOR : Flags Growth Ahead after Net Profit Falls 64%
5.09%Owner of Germany's GfK eyes merger or sale - WirtschaftsWoche
-4.18%Shares Fall as Health-Care Sector Loses Ground
-1.95%Miner South32 Posts Full-Year Loss
Most Read News
08/24 VERINT : Ex-Comverse CEO pleads guilty to fraud, a decade after fleeing to Africa
02:05a MONSANTO INDIA : Exclusive - Monsanto pulls new GM cotton seed from India in protest
03:08a Welspun faces new probe from Bed Bath, shares pressured
02:49aDJWPP : Expects Brexit Gains -- WSJ
08/24 HP : beats estimates, weak printer demand weighs on forecast
Most recommended articles
05:49aDJBANK OF COMMUNICATIONS : First-Half Net Profit Up 0.9% to CNY37.66 Billion
05:46a EXCLUSIVE : Companies made deals that could run afoul of U.S. whistleblower rules
05:37aDJOil Struggles on Bearish U.S., China Data
05:37aDJShares Fall as Health-Care Sector Loses Ground -- Update
05:33aDJAHOLD DELHAIZE : Says on Track for Merger Targets as Earnings Rise--Update