Posts Tagged: GOLD

 

GOLD-SILVER-15

 

Above is 15 Minute chart of GOLD -SILVER

Short Term Traders ,Watch $1275 level…………………………….

If sustains for 20 minutes below this level or more will take to $ 1265-1262 level in PANIC.

Three Consecutive close below $ 1273 +Weekly close if happens :

Watch Bloodbath upto $ 1235——-1222 level very soon

101% More Details about GOLD ,SILVER (MCX ) to our Subscribers

Updated at 16:32/24th April/Baroda/India

The Secret World Of Gold-video

20 April 2014 - 9:55 am
 

In light of the Chinese demand we discussed earlier, the ongoing manipulation of ‘rigged’ markets everywhere, and rising geopolitical tensions (as the de-escalation continues), we thought it worth dusting off this excellent  and wide-ranging look at the history and present of the barbarous relic, gathering many perspectives (pro and con) on gold.

The following documentary moves from historical shipwrecks to Nazi ‘death gold’ and England’s war chest to recent years where widespread economic uncertainty has given the yellow metal a “new luster in the world of high finance.” Valued for its permanence, beauty and scarcity, people will lie, cheat, steal and kill in the name of gold; and the clip provides color on many of the market manipulations of the last few years. As MacDonald says, whether it’s a few gold coins or gold bars stored in one of the many vaults around the world, many investors are taking a shine to gold. But there’s not a lot of it. It is said that, even melted down, there would not be enough to fill an Olympic swimming pool. Some claim that much of the gold held by the Bank of Canada, the Bank of England, the Federal Reserve and Fort Knox is gone – that for every 100 ounces of gold traded, there exists only one ounce of real, physical gold. So, where is the gold – and who really owns it?

Gold rush in Japan as tax rise looms

28 March 2014 - 10:45 am
 

A landmark increase in Japan’s sales tax has led to a rush for small gold bars as retail investors pile into the precious metal to avoid next week’s rate rise.

Tanaka Kikinzoku Jewelry, a precious metals specialist, reported that sales of gold ingots across seven of its shops are up more than 500 per cent this month, as customers rush to take advantage of the current 5 per cent rate of consumption tax before it rises to 8 per cent on 1 April.

At the company’s flagship store in Ginza on Thursday, people queued for up to three hours to buy 500g bars worth about Y2.3m ($22,500). March has been the busiest month in Tanaka’s 120-year history.

Prime Minister Shinzo Abe has embarked on a series of radical reforms dubbed Abenomics in an attempt to weaken the yen and boost the ailing Japanese economy, prompting investors to buy gold as a hedge against the spectre of higher inflation.

Investors are being drawn to the metal not just because of higher taxes, said Itsuo Toshima, an adviser to pension funds.“Slowly and steadily, people are preparing for the worst, which is the failure of Abenomics.” >> Read More

 

Russia Raises Gold Holdings By 7.247 Tonnes To Over 1,040 Tonnes In February

Russia has increased its gold holdings by 7.247 tonnes to 1,042 tonnes in February. Turkey and Kazakhstan also raised their bullion reserves, data from the International Monetary Fund showed today.

Turkey’s gold holdings rose 9.292 tonnes to 497.869 tonnes, the data showed.

Many analysts are ignoring the important context of today’s new geopolitical backdrop. Russia alone has some $400 billion in foreign exchange reserves – mostly in U.S. dollars. If they were to diversify just 5%, worth some $20 billion, of those reserves into gold – it would be equal to nearly 500 tonnes of gold or nearly 25% of global annual production.

>> Read More

 

 Gold rallied from the lowest price in more than four weeks on safe haven demand after the G7 nations threatened more sanctions against Russia after the annexation of Crimea.

Meeting for the first time since last week’s annexation of Crimea by Russia, G7 leaders said they won’t attend a G8 meeting that had been set for Sochi, on Russia’s Black Sea coast, and will instead hold their own summit in June in Brussels. The G7 said in a statement that they remain ready to “intensify actions”, including coordinated sectoral sanctions.

Trading volumes on the COMEX in New York today are 49% higher than the average for the past 100 days for this time of day, according to data compiled by Bloomberg.

Palladium fell 1% to $786.20 an ounce. The precious metal rose above $800/oz yesterday, the highest  since August 2011, on concern that supplies from top producer Russia will be disrupted.

The Central Bank of Iraq said it bought 36 tons of gold this month to help stabilise the Iraqi dinar against foreign currencies, according to a statement from the bank that was emailed this morning.

It is very large in tonnage terms and Iraq’s purchases this month alone surpasses the entire demand of many large industrial nations in all of 2013. It surpasses the entire demand of large countries such as France, Taiwan, South Korea, Malaysia, Singapore, Italy, Japan, the UK, Brazil and Mexico. Indeed, it is just below the entire gold demand of voracious Hong Kong for all of 2013 according to GFMS data (see chart).

  >> Read More

 

Indian government has imposed a duty of ~11.3% on gold imports. Additionally, they have created bureaucratic complexities, including a requirement from gold importers to export 20% of their imports. The government claims that this has resulted in a serious drop in imports, something they wanted, given consistently high, unsustainable current-account deficits.

As I write this, international spot price of gold is $1,300 per ounce. In India, however, it is trading at a premium of 18%, at a price of $1,534. One might ask who is pocketing this premium. Has import really come to a stand-still? Let me explain the ground realities.

Recently, I arrived in the Indian city of Chennai from Singapore. My bag was missing, which had nothing of commercial value—just my clothes. The airline had me fill out a missing-bag form. When I went to a custom official to get the document signed, he asked me to pay a custom duty on the claimed value of my clothes. He didn’t want to understand that the fact that my bag did not arrive made no difference to whether they were dutiable or not.

Every Indian public servant I have ever met creates a situation to ask for a bribe. The result is that there are all sorts of leakages in any regulatory enforcement. Indeed, most regulations exist for the sole purpose of creating justifications for them to ask for bribes.

Before the 90s, import of gold was heavily regulated and carried massive custom duty. Of course, those days most gold arrived in India through smuggling. A big mafia had built up in Mumbai and Dubai, mostly catering to India’s gold demand. Two things happened as a result: Government lost all prospects of earning revenue from gold imports, and most importantly, smugglers ran a ruthless empire in several Indian cities, particularly in Mumbai, controlling human-trafficking (with horrible consequences for poor girls and children), and financing the real-estate and the film industries. They were the unofficial rulers of Mumbai. When restrictions on gold were eased in early 90s under pressure from IMF, the same smugglers took the shape of what got to be known as terrorists. (All this should not sound strange to those who understand the history of prohibition in the US). >> Read More

 

GOLD-SPOT-FORECAST

On 26th Feb ,Written :Gold Spot will zoom to kissssssssssssssssssssssssssssss  $ 1362-1373 level.

http://www.anirudhsethireport.com/gold-spot-heading-towards-1362-1373/

Now made High of $ 1374.50 level.

Now -What to expect

Now ,We Revise our TARGET & MAJOR HURDLE to $ 1387 level.

Three Consecutive close above 1387+Weekly close will take to  $ 1434-1450 level.

30th Week……………..Will see Unexpected level in GOLD !

More Details to our MCX Subscribers ,Yes they are long in Gold ,Silver for Short Term Gains.

Updated at 7:43/13th March/Baroda/India

 

PARTYTIME-ANIRUDHSETHIREPORT

 

CRUDE-MCX-ASR-Today Morning Told to Sell CRUDE MCX at 6456 level 

Yes ,With Target of  6413——-6396 level.

(Just see it now kissed low of 6398 level )

NICKEL-MCX-ASR

Today Morning ,We had written our Targets of 920 & Laxman Rekha at 927 level.

Just see now kissed 929.70 level !!

GOLD-SILVER CRASH

At 11:41 AM ,Today we had written :

http://www.anirudhsethireport.com/breaking-new-russian-president-putin-orders-troops-to-return-to-their-bases/

sell-

sms-3 daysSilver was at 47500 level ………………Crashed to 46866 level.

GOLD MCX was at 30450 level……………….Crashed to 30051 level in PANIC !!

MINT MONEY 24BY7

What else u want in life ?????Let us know.

Technically Yours/ASR TEAM/BARODA/INDIA

 

Central banks made 368.6 tonnes in net gold purchase in 2013, according to The World Gold Council.

 Russia, Kazakhstan, Azerbaijan, and Korea, all saw significant increases in official reserves last year. Meanwhile, no gold sales were made in the final year of the current Central Bank Gold Agreement (CBGA), other than a sale that was part of Germany’s coin minting program.

Global official gold holdings totaled 31,890.7 tonnes as of February 2014, according to the latest report from the World Gold Council.

We identified the ten countries with the largest gold reserves.

Note: CBGA refers to the Central Bank Gold Agreements. The first Agreement (CBGA 1) ran from September 27, 1999 to September 26, 2004. The second Agreement (CBGA 2) ran from September 27, 2004 to September 26, 2009. The third Agreement (CBGA 3) will run for five years from September 2009.

10. India

Official gold holdings:
557.7 tonnes

Percent of foreign reserves in gold: 
7.2%

9. Netherlands >> Read More

 

SILVER--MCX

Firework Continue………………………………

For this rally :Our Targets we had told to our Subscribers are : 48397——48895 level.

In Last 6 sessions ,Tons of Money Minted.

GOLD-MCX

Our Targets ,Already told……………………..30316———-30503 level.

Yes ,Yesterday kissed High of  30260 level.

As Expected

Nickel ,Copper ,Crude,Natural Gas  ……………………Rocket-07

Now if u Don’t have levels and Strategy…………….How U will Mint Money ??

101% More Details to our Subscribers during trading hrs.

Updated at 9:50/19th Feb/Baroda

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Technically Yours,
Team ASR,
Baroda, India.