The gold ETF Investment yet Strong, Silver too
Investments in precious metal ETFs remained strong in the last week and demand better, that the extraction of gold and silver.
Several factors, the general economic interest in the continued to support precious metals: Fed's return of the QE QE-2, developed economies, as well as to maintain the low interest rates for the currency of the tensions between the developed and developing countries the trend and, to some extent, on the crisis in the European economies, as well as the sovereign and the peripheral.
In spite of the fact that the profit-taking is likely to trigger realisoinnista in the coming weeks, My longterm Bullish Outlook is a precious metals.
The gold ETFs: end of 10 ETFs LTN lids, 4 major classes of gross cash receipts and 3 dropped last week. [7] as a result of the net increase by + 468.04K oz up to + 0.71%, 66.55 M oz.
Holdings in the SPDR Gold Trust and most of the gold ETF, gained + 439.6 K oz or + 1.06%, 41.86 M oz Gold Trust and iShares, 2.most of the Gold ETF, add + 33.25K oz or + 1.02% and the 3.29 M oz.
Other ETFs recording gains were Gold bullion Securities and ETFS (London).They are added to the approximately + 10 (k) during the week.
ZKB Gold ETF, Julius Baer physical Gold Fund, and the new Gold Trust after moving to a higher advance decreased during the week.
ZKB agreement-21.66K oz or-0.36%, 5.94 M oz Julius Baer nylkeä strong inflow of fresh in advance and lost-5.90K oz or-0.21%.
The new Gold Trust Finish minus 130 oz or-0.01%, 1.59 M oz.
Silver ETFs: Silver investments also was strongly, and growth was dominated by the iShare Silver Trust and the largest Silver ETF, ETFS (Australia) holdings in the rate of increase was prominent in the last week.(A) + 119.69K oz cause holdings represents + 22.93% increase in the Fund's Australia list. ETFS (US) also showed a good gainers + 796.88K oz or + 7.14% of farms. Although the ZKB Silver ETF and ETFS (London) spaces still declines in the transition to rose 5.22 M oz or + 0.99%, 533.94 M oz last week.
General technical Outlook for Comex Gold (CG)
Gold's decline since 1388.1 was significant, it is in possession of 1325.6, Key support in the light of the above, and so my outlook does not change.
Do not lay down here, and I think, in the light of the recent rally topping, entitled 1400, Key in the course of the next level, and psych 161.8% projection 1084.8 1266.5-1155.6 at 1449.6.
Once again, I note that has been manufactured, keep at the break of 1325.6 to tell me that in the short term, the Top shaped and deeper the invoice should become and allocate the 55 Day EMA is now a trademark of 1288 3.6.
Large image: from 1155.6 deals 5 Wave series, starting with the 3rd wave of 1044.5, which should also have 681, low Y 2008 Rally 5th Wave.
Recent developments suggest to me that the current rally is likely to expand in addition, 931.3 1227. projection of 5%, starting from 1044 161.8.5 is 1449.6 before completion, as set out above.
I am aware of the projection of an item in the long term, radioactive 100% projection 253 1033.9 from 681 1462, and against their spread within the community, I anticipate a Real medium-term adjustment to the otherwise Strong resistance, which is okay. I am bullish on gold.
Paul a. Ebeling, Jnr.
aka Red Roadmaster
www.livetradingnews.com
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