Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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 CET

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
07:24p Pakistan forms special force for CPEC security
07:07p EMIRATES NBD BANK : Real Estate Fund procures AED 700 million Shari’ah compliant finance facility
07:04p AIR FRANCE KLM : Cedar Falls bicycle shop accommodates enthusiasts
07:03p COMING UP THIS WEEK IN HARFORD COUNTY : Jan. 23-29
07:00p KOOTENAY SILVER : reports metallurgical testing on La Cigarra deposit returns enhanced silver recoveries utilizing SILVOX process
06:47p NATURAL GROCERS BY VITAMIN COTTAGE : Simply delicious
06:47p With Jimmy Buffett coming to town, River Spirit Casino Resort puts on finishing touches
06:47p BUSINESS VIEWPOINT WITH GLENN HATCHER : More Oklahomans like the beat of video on the go
06:47p SPENDING : A tiered approach to economy class
06:44p KIRBY : Emerald Square's past, and future
Latest news
Advertisement
Hot News 
-11.28%Bristol-Myers lung cancer delay slams shares, keeps Merck in lead
12.40%SYNTHOMER : Chemicals maker Synthomer sees 2016 profit ahead of estimates
-6.24%European shares ease ahead of Trump inauguration
-2.18%GENERAL ELECTRIC : Nason, former Treasury official, being vetted for Fed role - sources
7.87%SDL : Translation software firm SDL sees full year results ahead of market expectations
Most Read News
01/21 MANCHESTER UNITED : King Louis
08:46a Foxconn CEO says investment for display plant in U.S. would exceed $7 billion
01/21 SELF-DRIVING CARS : The future of transportation
06:51aDJROYAL DUTCH SHELL A : Sabic to Buy Remaining Stake in JV with Shell for $820 Million
12:05a QATAR NATIONAL BANK SAQ : Capital flows to EMs improved in 2016, but prospects are subdued Read More...
Most recommended articles
01/17DJS&P 500, Nasdaq Futures -- Technical Analysis
12:38pDJEXXON MOBIL : McCain, Graham Say They Will Back Tillerson's Nomination for State
12:15pDJBLACKROCK : J.P. Morgan Joins Push for Nontransparent, Active ETFs
08:46a Foxconn CEO says investment for display plant in U.S. would exceed $7 billion
08:25a MODIIN ENERGY PARTNERSHIP : Israel's Modiin Energy plans to buy North Sea drilling rights