http://www.fxstreet.com/technical/market-view/gold-up-to-date/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/03/22/The U.S. Comex gold futures rose 1.35 percent this week and ended at $1,613.80 on Thursday. Gold has risen for three consecutive weeks, but has fallen 3.70 percent year-to-date. On the other hand, riskier assets such as the S&P 500 index and the Euro Stoxx 50 Index dropped 0.95 percent and 1.53 percent respectively while safe-haven assets such as the U.S. 10-year Treasuries rallied about 8bp this week. The Fed Stays its Course On 20 March, the Fed announced no change to the 0 to 0.25Fri, 22 Mar 2013 11:48:10 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/03/22/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/03/20/The U.S. Comex gold futures climbed 1.17 percent this week after rising 1.29 percent in the previous two weeks on the back of heightened concerns of the European debt crisis. The S&P 500 index dropped almost 1 percent from its recent high on 14 March while the Euro Stoxx 50 Index plunged almost 2 percent this week. The Euro/Dollar bore the brunt and dropped to a four-month low at 1.2859 during Asian open on Wednesday. The U.S. 10-year Treasury bond yield dropped about 16bp since the recentWed, 20 Mar 2013 10:11:19 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/03/20/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/03/15/The U.S. Comex gold futures have risen 0.88 percent this week, ending at $1,590.70 on Thursday. Gold prices have risen for two consecutive weeks after falling in the previous four weeks. Gold prices have been hampered by the dollar strength. The DXY index touched an intra-day high of 83.166 on Thursday, just 0.93 point from the level of 84.1 on 24 July 2012. The Dow Jones Industrial Average surpassed its 2007 peak earlier this month while the S&P 500 Index is now 2 points away from theFri, 15 Mar 2013 10:26:06 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/03/15/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/03/13/After falling for four consecutive weeks, the U.S. Comex gold futures rebounded 0.29 percent last week and climbed almost one percent this week, ending at $1,591.70 on Tuesday. The CRY Commodities index followed a similar pattern, rebounding 1.39 percent last week and 0.45 percent this week. The S&P 500 inched up 0.08 percent after rising 2.17 percent last week while the Euro Stoxx 50 index fell 0.62 percent this week after surging 4.28 percent last week. The S&P 500 index is only 9Wed, 13 Mar 2013 10:25:00 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/03/13/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/03/08/While the U.S. Comex gold futures climbed $3 this week to end at $1,575.10 on Thursday, the global stocks and commodities markets surged in the past week. The S&P 500 index jumped 1.71 percent, the Euro Stoxx 50 surged 2.83 percent and the MSCI World Index rose 1.65 percent. The CRY Commodities index also inched up 0.82 percent this week. After rising for four consecutive weeks, the Dollar Index retreated 0.28 percent week-to-Thursday. Central Bank Meetings Set the Tone This Week TheFri, 08 Mar 2013 09:16:37 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/03/08/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/03/06/After falling for four consecutive weeks, the U.S. Comex gold futures rebounded 0.17 percent this week, ending at $1,574.90 on Tuesday. The gold futures climbed a further 0.20 percent during early Wednesday Asian hours. The CRY Commodities index rose 0.42 percent this week after a weak performance in the past month. The Dollar Index is a mirror image of gold, rising for the past four weeks and dropping 0.27 percent this week. The S&P 500 index and the Euro Stoxx 50 index rebounded stronglyWed, 06 Mar 2013 10:00:44 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/03/06/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/03/01/The U.S. Comex gold futures fell 2.32 percent in the past two days after rallying 2.71 percent on Monday and Tuesday, up 0.34 percent for the week. In January and February, the gold futures dropped 5.83 percent while the MSCI All Country Equity Index rose 4.66 percent. Gold prices have dropped for five consecutive months while the Dollar Index has risen 2.73 percent year-to-date. The S&P 500 Index and the Euro Stoxx 50 Index are almost unchanged while the Dollar Index rose 0.57 percent toFri, 01 Mar 2013 09:13:36 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/03/01/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/02/27/The U.S. Comex gold futures surged 1.82 percent to $1,615.50 on Tuesday and saw the biggest one-day percentage gain since 6 November, 2012. The gold futures fell 3.60 percent this year. While the gold price rebounded, the Dollar Index has continued to climb, rising 0.48 percent this week to 81.87. The Dollar Index has risen for three consecutive weeks, largely driven by the weaker Euro/Dollar and the British Pound. The Euro/Dollar touched a recent low of 1.3018 on 26 February. The S&P 500Wed, 27 Feb 2013 09:17:43 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/02/27/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/02/22/The U.S. Comex gold futures stabilized on Thursday and rose 0.27 percent to around $1,583 upon Asia’s Friday open. The gold futures plunged 4.34 percent in the previous 5 trading days, with the prices reaching a recent low of $1,554.30 during Asia’s Thursday open. Rumours of forced selling by a hedge fund may have aggravated the decline in gold prices. The CRB Commodity Index fell in three consecutive weeks by 3.91 percent. This week, the S&P 500 index dropped 1.14 percent while the EuroFri, 22 Feb 2013 10:09:55 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/02/22/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/02/20/The U.S. Comex gold futures tumbled 3.44 percent last week and fell a further 0.33 percent on Tuesday. Monday was a holiday in the U.S. Upon Wednesday open in Asia, the gold futures rebounded 0.2 percent after four consecutive days of losses. While the gold futures dropped 3.08 percent, the Dollar Index rose 1.73 percent from the end of January to 15 February. The Dollar Index retreated 0.14 percent this week. The S&P 500 index rose 0.73 percent on Tuesday and has risen 7.34 percentWed, 20 Feb 2013 09:41:08 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/02/20/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/02/15/The U.S. Comex gold futures dropped 1.88 percent week-to-Thursday after falling 0.22 percent last week. The S&P 500 index climbed 0.23 percent this week after rising 0.31 percent in the previous week while the Euro 50 Index rebounded 0.19 percent this week. The Dollar Index climbed for a second week by 0.26 percent to 80.246 on Thursday. How was Gold in 2012? The World Gold Council (WGC) released its full year 2012 report on the gold demand trend. While overall volume was down 4 percentFri, 15 Feb 2013 09:10:33 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/02/15/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/02/13/The U.S. Comex gold futures sold off 1.07 percent on Monday and stabilized on Tuesday at $1,649.60. The gold futures fell 1.56 percent year-to-date. After plunging 2.02 percent last week, the Euro/Dollar inched up 0.67 percent this week to 1.3454 on Tuesday. The S&P 500 index climbed 0.10 percent while the Euro Stoxx 50 index rose 0.70 percent in the past two days. Why the Sudden Drop in Gold Price? Given China is on holiday this week to celebrate the Lunar New Year, physical gold demand inWed, 13 Feb 2013 09:13:39 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/02/13/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/02/08/The U.S. Comex gold futures dropped 0.45 percent on Thursday after rising 0.32 percent on Wednesday, and were almost unchanged for the week. The Dollar Index reasserted its strength, rebounding 0.89 percent in the past two days and rising 1.35 percent for the week. From a recent high of 1.3711 on 1 February, the Euro/Dollar dropped to a low of 1.3371 on Thursday. The Euro Stoxx 50 index fell 4.14 percent this week while the S&P 500 index fell only 0.25 percent. Draghi’s Comments Shook theFri, 08 Feb 2013 09:31:09 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/02/08/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/02/06/The U.S. Comex gold futures rebounded 0.85 percent last week after a 1.80 percent drop the week before. The gold futures inched up 0.17 percent this week to $1,673.50 on Tuesday and were down $2 since the end of last year. After rising for five consecutive weeks, the S&P 500 index is taking a breather this week, dropping 0.12 percent. The S&P has risen almost 6 percent this year - the clear winner among riskier assets. The Euro Stoxx 50 index has been much more volatile, dropping 2.17Wed, 06 Feb 2013 10:47:45 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/02/06/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/02/01/The U.S. Comex gold futures surged 1.15 percent on Wednesday after the disappointing U.S. Q4 GDP data was released while the Fed maintained its bond-purchase program of $85 billion a month. The futures erased all their gains on Thursday after the release of a series of U.S. economic data. The S&P 500 index and the Euro Stoxx 50 index gave back 0.65 percent and 1.68 percent respectively in the past two days. The Euro/Dollar traded as high as 1.3623 during Friday Asian morning while theFri, 01 Feb 2013 10:43:41 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/02/01/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/01/30/The U.S. Comex gold futures rebounded 0.25 percent to $1,660.80 on Tuesday after falling 1.80 percent last week. The S&P 500 index has risen 0.32 percent this week and 5.73 percent this year. The Euro Stoxx 50 index rose 0.19 percent this week after rising 1.28 percent last week. The crude oil futures have increased every week in the past seven weeks, rising 15.5 percent from the recent low of $84.44 in November last year. The Dollar Index has declined 0.23 percent this week while theWed, 30 Jan 2013 09:40:50 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/01/30/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/01/25/The U.S. Comex gold futures fell 1 percent on Thursday, ending at $1,669.90. During the early Asian hours on Friday, the gold futures have dipped a further 0.2 percent. While the gold futures dropped 1.01 percent this week, the S&P 500 index and the Euro Stoxx 50 index rose 0.59 percent and 0.49 percent respectively. The Dollar index touched 80 again on Thursday while ending the day at 79.949. For the week, the Dollar Index actually fell 0.11 percent. Gold Ran into Resistances The goldFri, 25 Jan 2013 10:32:45 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/01/25/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/01/23/The U.S. Comex gold futures have surged two weeks in a row, ending at $1,687.00 last week. They rose a further 0.30 percent this week to $1,692.20. The S&P 500 index has risen for three consecutive weeks, and rose a further 0.44 percent this week to 1,492.56, about 4.6 percent below its 2007 peak. The Euro Stoxx 50 index rose 0.26 percent this week, after falling 0.30 percent last week. The CRY Commodities index has also increased in the past two weeks, and rose a further 0.10 percent thisWed, 23 Jan 2013 10:16:30 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/01/23/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/01/18/02/After rising 0.71 percent last week, the U.S. gold futures will likely finish on a positive note again. Week-to-Thursday, the gold futures surged 1.82 percent, touching a high of $1,697.80 on Thursday. The crude oil futures also jumped to a four-month high of $95.49 on Thursday. The S&P 500 index climbed 0.60 percent this week while the Euro Stoxx 50 index rebounded from its early sell-off, and was flat. The Dollar index failed to break 80, and inched up 0.16 percent this week, afterFri, 18 Jan 2013 10:46:36 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/01/18/02/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/01/18/Short Term: Gold was initially down by $ 10.00 after the jobless claim data that was widely anticipated as the Fed tied QE with the unemployment rate. The biggest shock came from the negative reading of the Philly Fed Manufacturing and other market indicator shows that the Fed actually prop more liquidity. Gold rallied back and hard to reach 1687 – facing resistance at the top of the Bollinger band and as shorts covering happened, more buying emerge. Our guesses were for tomorrow is as good asFri, 18 Jan 2013 09:33:44 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/01/18/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/01/17/Short Term: Given that gold tried to break higher and reached 1685.05 but shy of a higher number we felt it may need to take a breather before moving higher. We start to be cautious from here as it reached the resistance level and only change to be more positive if other indicator allows (such as weakening in the US dollars). Staying on the side line is an option to see where gold finds support in the short run. We are guessing it could test 1672 before heading higher (this did happen onThu, 17 Jan 2013 10:43:46 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/01/17/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/01/16/The U.S. Comex gold futures continued to rise this week, jumping 1.40 percent after rising 0.71 percent last week. The S&P 500 index has been flat while the Euro Stoxx 50 index has dropped 0.60 percent this week. The MSCI all-country index returned 3.12 percent during the first half of January, which is a very respectable start. The CRB Commodity index has risen 0.89 percent so far this year while the Dollar Index is flat. The currency in the spotlight has been the Yen, which has weakenedWed, 16 Jan 2013 10:03:17 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/01/16/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/01/14/Gold Range : $1550 - $1800 Average : $1736 We see the long term gold bull run remaining very much intact, but the conviction and patience of gold investors may be tested in 2013. Against the backdrop of an improving macro-economic environment, particularly in the US, we see dollar firmness and a fading of the fear trade providing a drag on rising gold prices. For a market used to a 17% y-o-y gain, a single digit percentage increase may feel like a bear market. In essence, we see 2013 lookingMon, 14 Jan 2013 11:08:39 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/01/14/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/01/11/The U.S. Comex gold futures jumped 1.36 percent on Thursday to reach $1,678/oz, gaining 1.76 percent this week. The Euro/Dollar also jumped 1.59 percent to reach 1.3272, a nine-month high. The CRY Commodities index, the S&P 500 index and the Euro Stoxx 50 index rose 0.65 percent, 1.03 percent and 0.62 percent respectively in the past two days. The Dollar Index fell below 80 on Thursday. Stronger Chinese Data Set the Tone Better than expected Chinese exports data cheered the stock, gold andFri, 11 Jan 2013 11:18:08 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/01/11/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/01/09/After falling 0.42 percent last week, the U.S. Comex gold futures rebounded 0.81 percent while the Dollar Index fell 0.21 percent this week. Gold price recovered from a four-month low of $1,626.00 on 4 January, and ended at $1,662.20 on Tuesday. After a strong start last week, the S&P 500 index and the Euro Stoxx 50 index retreated 0.64 percent and 0.66 percent respectively. The Japanese Investors As Japan’s new Prime Minister Abe is determined to fight deflation and spur economic growth inWed, 09 Jan 2013 09:06:20 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/01/09/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/01/02/02/The U.S. Comex gold futures traded in a wide range from $1,661.20 to $1,695.40 in the first two trading days of the year. After jumping almost 2 percent in the first half of the week, the gold futures dropped 0.84 percent on Wednesday, and fell almost 1.50 percent during the first three hours of Asian trading on Thursday. The S&P 500 Index rose 4.06 percent this week while the Euro Stoxx 50 Index rose 2.83 percent. The Dollar Index exceeded 80 again, rebounding 0.81 percent in the past twoWed, 02 Jan 2013 10:45:02 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/01/02/02/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/01/02/The U.S. Comex gold futures surged 1.20 percent on 31 December, 2012, and ended at $1,675.80, up about 7 percent for the year. Gold price has risen for a twelfth consecutive year since the end of 2000. Gold has returned on average 16.28 percent per annum since 2000, compared to 2.57 percent for the S&P 500 Index, 3.26 percent for the MSCI Developed World Index, and 3.47 percent for the CRB Commodities Index. In December, despite the fiscal cliff concerns, the S&P 500 Index rose 0.71Wed, 02 Jan 2013 10:14:38 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2013/01/02/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/12/21/The U.S. Comex gold futures tumbled 1.31 percent on Thursday to end at $1,645.90. Week-to-date, the gold futures have fallen 3.01 percent, trimming this year's gain to around 5 percent. The S&P 500 index and the Euro Stoxx 50 index advanced 2.13 percent and 1.06 percent respectively this week. While the gold price has weakened, the Dollar Index has also dropped 0.42 percent this week. On the other hand, crude oil futures surged 3.92 percent week-to-date to end at $90.13 on Thursday. U.S.Fri, 21 Dec 2012 11:29:32 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/12/21/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/12/19/The U.S. Comex gold futures fell to a three-and-a-half-month low of $1,662 on 18 December. After falling 1.55 percent last week, the gold futures dropped another 1.55 percent this week. In contrast, risky markets such as the S&P 500 and the Euro Stoxx 50 went up 2.35 percent and 0.49 percent respectively this week. The Dollar Index fell 0.28 percent in the past two days, after falling 0.28 percent last week. Gold vs. Risky Assets On Tuesday, President Obama and the House Speaker BoehnerWed, 19 Dec 2012 10:00:37 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/12/19/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/12/14/After falling 0.35 percent last week, the U.S. Comex gold futures fell another 0.51 percent week-to-date. The gold futures shot up from $1,711.57 on Wednesday open to $1725.00 immediately after the FOMC decision. However, the gold price fell 1.23 percent on Thursday, touching a low of $1,690.70. The S&P 500 Index and the Euro Stoxx 50 Index also fell 0.63 percent and 0.10 percent respectively on Thursday. New Tools from the Fed As expected, the U.S. Fed will buy $45 billion of longer-termFri, 14 Dec 2012 09:16:12 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/12/14/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/12/12/The U.S. Comex gold futures climbed 0.24 percent this week after falling 0.32 percent last week. On Wednesday morning in Asia, gold futures inched up slightly to $1,712 from Tuesday’s close of $1,709.60. Year-to-date, gold futures are up 9.11 percent. After touching a low of $700 in November 2008, gold has returned about 21 percent per annum from the end of 2008 to 2011, beating both the S&P 500 index and the CRY Commodities index. This week, the S&P 500 index and the Euro Stoxx 50Wed, 12 Dec 2012 10:38:21 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/12/12/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/12/07/The U.S. Comex gold futures rebounded 0.47 percent to $1,701.80 on Thursday after falling 0.12 percent the day before. Week-to-date, the gold futures fell 0.53 percent. Gold fell during seven out of the past ten weeks. The S&P 500 Index and the Euro Stoxx Index both went up 0.49 percent in the past two days while the Dollar Index went up 0.75 percent and rebounded above 80. Cautious Outlook from the ECB The Euro Area November PMI composite shrank for the tenth month although it roseFri, 07 Dec 2012 10:33:53 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/12/07/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/12/05/After a decline of 2.31 percent last week, the U.S. Comex gold futures dropped 0.88 percent this week and fell 1.47 percent on Tuesday alone. As of Wednesday Asia morning, gold futures rebounded 0.45 percent to around $1,703. The S&P 500 index fell 0.64 percent while the Euro Stoxx 50 index jumped 0.60 percent this week. The Dollar Index fell below 80 on Monday and ended at 79.644 on Tuesday. Global Manufacturing PMI Improvement Masks Divergences The global manufacturing index rose to 49.7Wed, 05 Dec 2012 09:07:36 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/12/05/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/12/04/Gold received another body blow in mid-Asian trading hours which saw spot prices dip briefly below $1700 before finding support at the technically important $1705 level - the low seen on Nov 15th; a failure of this level after the US opening exposes us to a decline to the next level of technical support at $1672. So what the heck is going on here - isn't the dollar weak - aren't we nearing the edge of the fabled fiscal cliff - doesn't the US reach its debt ceiling in 8 weeks time - isn't thisTue, 04 Dec 2012 12:10:59 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/12/04/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/11/30/On Wednesday, the U.S. Comex gold futures gapped down $25 upon open and traded as low as $1,705.50. The gold futures retraced almost half of the losses and rose 0.62 percent to $1,727.20 on Thursday. Week-to-date the gold futures fell 1.38 percent. Some large speculators may be betting on a resolution of the U.S. fiscal cliff soon as well as a faster pace of economic recovery in the U.S. versus other parts of the world, thus boosting the attractiveness of the U.S. dollar. In the past two days,Fri, 30 Nov 2012 09:40:52 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/11/30/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/11/29/03/Heavy buying of the January 1790 and 1800 calls seen. The buyer of those January puts rolled them from the 1700 strike to the 1675 strike. If it is the same party on both sides then this strategy would lock up a $100 range in gold There are only two types of users that would do this - a central bank or a gold mine. He now has a free look down to 1675 using the profit from the 1700 put sales. He now owns the January 1675 put and the 1690 put same month. The expiration date is Dec 27. From whatThu, 29 Nov 2012 16:48:58 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/11/29/03/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/11/29/02/The following was received from one of our website visitors : To understand better what happened I think that that you need to look at the very recent history: Monday bullion bankers reported purchases of 1.15m oz of Jan 13 Puts with strikes of 1710 to 1690. Delta must have been around 600,000 Oz Market weakened $20/Oz · Yesterday somebody dumped around 700 to 800,000 outrights in 5 minutes. Market dropped to $1706/oz. Market subsequently recovered and is now back to $1724. This looks to meThu, 29 Nov 2012 12:18:39 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/11/29/02/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/11/29/There has been much speculation about the causes of the 24 tonne gold sale on COMEX yesterday but closer inspection provides some clues... and more importantly what it tells us about the market outlook for 2013. The sale looks like a carefully crafted trade prepped and successfully executed by a well known $14b US fund. Prior to the sale there had been an unusually large purchase of gold 'puts' - a leveraged options play that profits from a downward spike in prices. There had also been someThu, 29 Nov 2012 10:39:35 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/11/29/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/11/28/02/Gold saw a massive 24 tonne sell order (7,800 contracts) at 08:20 a.m. New York time - bang on the opening of the world's largest gold exchange - which a fall of 2.25% in the market price. If the selling was year-end profit-taking then it was inept. Dealers try and finesse big sell orders into the market to get the best (highest) price for the biggest volume they can and thereby optimize profit - that requires stealth. If on the other hand it was a "fat finger" episode as has been suggestedWed, 28 Nov 2012 15:50:51 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/11/28/02/http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/11/28/Will Better News from Europe and the U.S. Derail Gold Price Increase? After touching a recent high of $1,755 on 23 November, the U.S. Comex gold futures retreated about 0.7 percent to end at $1,742.30 on Tuesday. Year-to-date, the gold futures are up 11.20 percent, compared to the S&P 500 Index which is up 13.51 percent, the Commodities CRY Index which is down 2.47 percent and the Dollar Index which is up 0.28 percent. The S&P 500 index fell 0.72 percent while the Euro Stoxx 50 IndexWed, 28 Nov 2012 12:24:20 GMThttp://www.fxstreet.com/technical/market-view/info@sharpspixley.com (Sharps Pixley)http://www.fxstreet.com/technical/market-view/gold-up-to-date/2012/11/28/