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  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexEconomic EventsPress releases

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 "Economy & Forex"
07:56a GREENPEACE INTERNATIONAL : 23 countries and states to phase out coal as US$432 billion of capital leaves the...
07:56a PETRONAS PETROLIAM NASIONAL BERHAD : Calls for collaboration between lng producers andconsumers for sustainable lng market
07:41a MINISTRY OF COMMERCE AND INDUSTRY OF REPUBLIC : CIPAM-DIPP Launches Logo and Tagline Contest for Geographical Indications of India
07:37a Asia shares camp near peaks, China's Xi talks reform and stability
07:36a Asia shares camp near peaks, China's Xi talks reform and stability
07:36a Asia shares camp near peaks, China's Xi talks reform and stability
07:36a OCT. 18, 2017 : NJHA to Host Free Venous Thromboembolism Webinar Oct. 30
07:28a BOJ SAKURAI : No need to take excessive steps to meet price target
07:21a WORLD BANK : Thriving Local Businesses Provide Jobs to Thousands in Afghanistan
07:16aDJNEWS HIGHLIGHTS : Top Company News of the Day
Latest news "Economy & Forex"
Advertisement