Trading with PT style
- Thread starter praveen taneja
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The week ahead
The recovery has shown further signs of stuttering as data from the ONS revealed that factory output fell by 1 per cent in February, the biggest monthly drop for 10 months. The figures were also down 1.4 per cent compared to one year ago. The news comes as a blow after positive manufacturing and services data suggested that the economy was picking up.
Meanwhile, the Bank of England has held interest rates at 0.5 per cent and announced no change to its programme of quantitative easing.
The recovery has shown further signs of stuttering as data from the ONS revealed that factory output fell by 1 per cent in February, the biggest monthly drop for 10 months. The figures were also down 1.4 per cent compared to one year ago. The news comes as a blow after positive manufacturing and services data suggested that the economy was picking up.
Meanwhile, the Bank of England has held interest rates at 0.5 per cent and announced no change to its programme of quantitative easing.
The case for holding gold in your 2012 ISA Gold funds are among the best performers over a five year period, though in the last twelve months they’ve struggled to maintain their strong run.
By Joshua Ausden, News Editor
Wednesday April 04, 2012
The long-term prospects of an elevated gold price remains positive, according to ETF Securities’ Martin Arnold, who believes the precious metal remains a good hedge in investors’ portfolios.
Though bullion has slid down from its near $2,000 high in 2012 to $1,634 at time of writing, the analyst believes the recent positive data coming out of the US may be a false dawn.
“Continued improvements in economic data and the resulting rise in interest rate expectations and the US dollar remain headwinds to near term gold price outperformance,” said Arnold.
“However, the medium term outlook remains constructive for gold, with historically low interest rates, abundant global liquidity, inflation risks from persistently elevated oil prices and now questions about the sustainability of the recent US employment improvements likely to be supportive of longer term gold price gains.”
“Indeed, speculative long positions on comex [commodities exchange] bounced off their 3-month low last week.”
Bullion is best accessed through an ETF – such as ETFS Physical Gold – which attempts to match the gold price in the same way that a passive fund tries to track an index.
According to FE data, ETFS Physical Gold has returned 70.54 per cent over a three year period, falling short of the gold price by just 2.52 per cent.
By Joshua Ausden, News Editor
Wednesday April 04, 2012
The long-term prospects of an elevated gold price remains positive, according to ETF Securities’ Martin Arnold, who believes the precious metal remains a good hedge in investors’ portfolios.
Though bullion has slid down from its near $2,000 high in 2012 to $1,634 at time of writing, the analyst believes the recent positive data coming out of the US may be a false dawn.
“Continued improvements in economic data and the resulting rise in interest rate expectations and the US dollar remain headwinds to near term gold price outperformance,” said Arnold.
“However, the medium term outlook remains constructive for gold, with historically low interest rates, abundant global liquidity, inflation risks from persistently elevated oil prices and now questions about the sustainability of the recent US employment improvements likely to be supportive of longer term gold price gains.”
“Indeed, speculative long positions on comex [commodities exchange] bounced off their 3-month low last week.”
Bullion is best accessed through an ETF – such as ETFS Physical Gold – which attempts to match the gold price in the same way that a passive fund tries to track an index.
According to FE data, ETFS Physical Gold has returned 70.54 per cent over a three year period, falling short of the gold price by just 2.52 per cent.
Indian Brain
Mathematician:
How do you write 4 in between 5?
Chinese: Is this a joke?
Japanese: Impossible!
American: The question is all wrong!
British: It's not found on the Internet
The Indian wrote down:
F(IV)E
This is why Indians are everywhere in the world: Finance, Business,
Medicine, Engineering.......
Anything to do with using both sides of the brain.
Mathematician:
How do you write 4 in between 5?
Chinese: Is this a joke?
Japanese: Impossible!
American: The question is all wrong!
British: It's not found on the Internet
The Indian wrote down:
F(IV)E
This is why Indians are everywhere in the world: Finance, Business,
Medicine, Engineering.......
Anything to do with using both sides of the brain.
- Status
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