Forex Forum Archive for 01/17/2012

GVI Forex 23:12 GMT January 17, 2012
Forex News
Reply   
The euro clung on to most of its overnight gains in Asia on Wednesday but came off its peak after disappointing earnings from Citigroup took the shine off a batch of upbeat data from China, Germany and the United States.

FOREX NEWS - Euro off highs ahead of Portugal debt sale

GVI Forex john 23:10 GMT January 17, 2012
Calendar
Reply   


September 27 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, September 28. Updated: Trading Events Calendar

• Far East: JP- BOJ, LEI.
• Europe: CH- Unemployment. GB- Core PPI, DE- Industrial Output.
• North America: US- Employment, Wholesale Inventories. CA- Employment.

Chicago DV 23:03 GMT January 17, 2012
EUR
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I asked a rhetorical question last night whether we might see 1.2750. We got there + before coming back down but it is still comfortably (if there is such a word in forex) above the lows.

I have a question 1.25 or 1.29, what comes first?

GVI Forex john 22:53 GMT January 17, 2012
News of the Day Forum
Reply   

Lahore FM 22:41 GMT January 17, 2012
" Trade Ideas "

Sell Crude
Entry: 101.13 Target: 96 Stop: 102.45

sold march crude!

GVI Forex john 21:47 GMT January 17, 2012
Trade Talk- Whats Moving Markets
Reply   

• Key Items  JP- Ind Output, GB- Jobs, US- PPI, IP/CU BOC MPR. 

• Bank of Canada held policy steady as expected. The U.S. Empire State PMI was stronger than forecast. German ZEW data were much better than forecast while yy EZ and UK  inflation eased. German and U.S. data have been generally suggesting an improving trend.

• Chinese GDP +8.9% yy better than estimated.

• The S&P downgrade of the EFSF by one notch on Monday has had no lasting impact.  A rating of AA+ is still respectable.

• Tensions now center Greek sovereign debt issues. The big question now is the nature of a possible debt default and Greece retaining the EUR.

GVI Forex Blog 21:40 GMT January 17, 2012 Reply   
Key Items JP- Ind Output, GB- Jobs, US- PPI, IP/CU BOC MPR. Bank of Canada held policy steady as expected. The U.S. Empire State PMI was stronger than forecast. German ZEW data were much better than forecast while yy EZ and UK inflation eased. German and U.S. data have been generally suggesting an improving trend.

Forex Trade Talk 00:00 GMT 18 January 2012

Lahore FM 21:26 GMT January 17, 2012
" Trade Ideas "

Sell Gold
Entry: 1665.90 Target: Stop: 1665.90 for half

Lahore FM 15:05:30 GMT - 01/17/2012


Entry: 1665.90 Target: Stop: 1665.90 for half
Lahore FM 08:15:47 GMT - 01/17/2012

Sell Gold
Entry: 1665.90 Target: Stop: 1668 bid
Lahore FM 07:56 GMT January 17, 2012 - My Profile
" Trade Ideas " : Reply
Sell Gold
Entry: 1665.90 Target: Stop: 1674

sold now.

--
sl lowered
--
out of half now at 1657.15.sl to entry on remainder.

---
rest closed now at 1652.10

GVI Forex john 21:18 GMT January 17, 2012
USD Pivot Points
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Pivots	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD
Res 3	1.2966	77.29	0.9697	1.5477	1.0273	1.0591
Res 2	1.2887	77.09	0.9635	1.5441	1.0231	1.0520
Res 1	1.2805	76.95	0.9568	1.5381	1.0195	1.0440

Pivot	1.2726	76.75	0.9506	1.5345	1.0153	1.0369

Sup 1	1.2644	76.61	0.9439	1.5285	1.0117	1.0289
Sup 2	1.2565	76.41	0.9377	1.5249	1.0075	1.0218
Sup 3	1.2483	76.27	0.9310	1.5189	1.0039	1.0138

GVI Forex john 21:00 GMT January 17, 2012
USD Bolliger Bands
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GVI Forex john 20:58 GMT January 17, 2012
USD Moving Averages
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GVI Forex john 20:44 GMT January 17, 2012
FX Database
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UPDATED. Global-View Free FX Database. High-Low-Close data for over a dozen currency pairs for well over a decade of data in Excel spreadsheet format.

Boston eFX 20:36 GMT January 17, 2012
S&P Expects More Euro-Zone Downgrades In Coming Weeks
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(Dow Jones via eFXnews)Standard & Poor's said more European local and regional governments, government-related entities and financial companies could face ratings actions over the next four weeks following downgrades of France and eight other euro-zone countries on Friday.

S&P also had cast a dark outlook for the currency bloc, assigning France and 13 other euro-zone nations a negative outlook, indicating at least a 1 in 3 chance of a further downgrade in the next two years.

S&P said any further downgrades would largely depend on.....

S&P Expects More Euro-Zone Downgrades In Coming Weeks (full story)

dc CB 20:34 GMT January 17, 2012
Commodities rally on speculation China may ease monetary policy

MF Global Told JP Morgan That Using Customer Funds Was Totally Okay

in today's Bizzarro World...Jon Boy is Elliott Ness running the Untouchables and the wreak havoc on the Good Guys.

GVI Forex Blog 20:33 GMT January 17, 2012 Reply   
20:25 GMT (Global-View.com) January 17- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is ending Tuesday in North America at .5251, -0.32% from its Monday close (-2.40% vs. end-2010).

Global-View D.O.G. Index January 17, 2011 U.S. Close

GVI Forex john 20:31 GMT January 17, 2012
Global-View.com Forex Heat Maps


Be Sure to Refresh Forum Manually to Update Heat Map.

GVI Forex john 20:24 GMT January 17, 2012
Global-View D.O.G. Index
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20:25 GMT (Global-View.com) January 17- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is ending Tuesday in North America at .5251, -0.32% from its Monday close (-2.40% vs. end-2010).

As for its key subcomponents, the USD forex purchasing power index is .7861, -0.19% (+1.02% vs. end-2010). The forex index is value is calculated against the top six trading currencies.

Against gold, the USD purchasing power index is worth .1745, -0.40% (-13.98% ytd).

Against crude, it is at 0.4431, -0.93% (-9.14% end-2010). The D.O.G. Index base is 1.00. It is measured against levels from the start of 1999, as of the initial launch of the euro (currency).

Syd 19:48 GMT January 17, 2012
Commodities rally on speculation China may ease monetary policy
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Commodities rose the most in two weeks amid speculation that China may ease monetary policy after its economy expanded at the slowest pace in more than two years. Copper jumped to the highest since October
http://business.financialpost.com/2012/01/17/
commodities-rally-on-speculation-china-may-ease-monetary-policy/?utm_source

MF Global Told JP Morgan That Using Customer Funds Was Totally Okay

GVI Forex Blog 19:26 GMT January 17, 2012 Reply   
AUD/USD and NZD/USD outlook next 24 hours: Westpac’s consumer sentiment survey for Australia is released today, as is vehicle sales which we expect to be soft. AUD momentum remains positive, defying our expectation of sell-off this week. The immediate range is 1.0200-1.0450. Similarly, NZD should remain inside 0.7965 and 0.8030 today.

Forex- Morning Report (Westpac)

Boston eFX 19:16 GMT January 17, 2012
FOREX FOCUS: A Better Chinese Support For The Euro
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(Dow Jones via eFXnews) China may yet rescue the euro.

Not with bail-out funds but with something much more important--growth.

One of the key problems the euro zone had faced as politicians struggle to stop the euro from falling apart has been the prospect of a sharp slowdown in global growth.

How can struggling euro zone countries meet their growing debt repayments at a time when their economies are shrinking?

These prospects had.....

FOREX FOCUS: A Better Chinese Support For The Euro (full story)

dc CB 18:59 GMT January 17, 2012
Trade Talk- Whats Moving Markets

2151 adv
827 decl
uvol to dnvol a bit under 3 to 1
All NYSE

2:15 Express???

Dillon AL 18:07 GMT January 17, 2012
Trade Talk- Whats Moving Markets

Theres nothing in the S&P best trade has yielded 2 points thats it. Maybe the 4pm ET trade will elicit more

Fx Trading Discussion 18:07 GMT January 17, 2012 Reply   

EURUSD Trading Plan

Fx Trading Discussion 18:06 GMT January 17, 2012 Reply   

EURUSD Trading Plan

Fx Trading Discussion 18:05 GMT January 17, 2012 Reply   

EURUSD Trading Plan

GVI Forex john 17:47 GMT January 17, 2012
Trade Talk- Whats Moving Markets

When the EURUSD lacks an overriding theme, the pair reverts to trading with the S&P, which is what has happened so far today. Correlation trade seems to work better on the downside than on the upside for equities.

Saar KaL 17:41 GMT January 17, 2012
KaL's Trend and Level

if and only if I do not get to my targets i will do the this;
1) Hang around Transformers with an underwear drinking tequila
(Transformers = Bi Sexuals----> anything could happen anytime)
2) Call a few a transitives for Dinner and Porn Movie
3) Sell Viagra in an open street wearing a woman's swim dress.

dc CB 17:38 GMT January 17, 2012
GOLD

RAID!!!!!!

Feb gold drops to new session low of $1653.20/oz, while Mar silver drops to new session low of $29.96/oz.

Gold is now at $1654.80, up 1.5%, while silver is back at $30.00/oz, up 1.6%.

Saar KaL 17:26 GMT January 17, 2012
KaL's Trend and Level

now that all Targets are placed
One more thing to do;
Extra Prayer with Jews + Christians + Muslims + Devil War shippers + Sucker + Hindu + Mingu...whatever
a cocktail of all the above + Shot of Tequila (Increase da speed Like extra Fuel) + 2 Pain Killers + Mobil Phone next to bed (Incase you have to call da hospital) + Tea for next day made now to microwave (Incase you make it)
May da force be with us all

GVI Forex john 17:14 GMT January 17, 2012
Global-View.com Forex Heat Maps
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Be Sure to Refresh Forum Manually to Update Heat Map.

GVI Forex 16:49 GMT January 17, 2012
Global Markets News
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The euro surrendered a good portion of its earlier gains by mid morning. Dealers noted that the move was somewhat technical as the earlier retracement stalled at the 2012 hourly downtrend line from the 1.3075 highs. EUR/USD was at 1.2720 level after testing 1.2800 earlier today.

TradeTheNews.com US Market Update

Saar KaL 16:32 GMT January 17, 2012
KaL's Trend and Level

if you used my levels / Trends / Decisions...etc

the expected cover Levels for next day is
these are only PT Levels for next 24 hrs

Wednesday, January 18, 2012

EUR/USD 1.2677 1.2444
USD/JPY 77.1325 76.6329
GBP/USD 1.5319 1.5115
USD/CHF 0.9697 0.9520
AUD/USD 1.0410 1.0224
USD/CAD 1.0271 1.0117
NZD/USD 0.8135 0.7987
EUR/GBP 0.8324 0.8215
EUR/JPY 97.3218 95.8027
GBP/JPY 117.7139 116.2857
GBP/CHF 1.4718 1.4513
GBP/CAD 1.5615 1.5421
GBP/NZD 1.8999 1.8713
GBP/AUD 1.4844 1.4641
NAS100 2,431.70 2,383.49
SPX500 1,320.05 1,293.88
US30 12,615.13 12,383.59
USOil 103.86 98.90
XAU/USD 1,695.85 1,655.50
XAG/USD 31.80 30.12

kl shawn 16:20 GMT January 17, 2012
sell euro
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1.277x should cap euro and offer good r/r level for short
stop should be above 1.2820

HK [email protected] 16:18 GMT January 17, 2012
GOLD
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Chart-wise the possibility for 1680 is increasing, a process if happens may take several hours. First indication, a break above 1668 Res.

Saar KaL 16:14 GMT January 17, 2012
KaL's Trend and Level

GBP/USD
GBP/JPY
GBP/NZD
are the things to do now IMO
All short

msa nsm 16:05 GMT January 17, 2012
gold

Expecting gold to bounce at 1640s broken resistant and 100% retracement, upmove limited to 1670 then 1704

msa nsm 15:54 GMT January 17, 2012
gold

Although euro is going down but believe should be limited, remember it failed to reach the 1.2600 support hence making a higher high in longer term trend.a penny view. Long audusd retesting rest turned support

Hong Kong Qindex 15:43 GMT January 17, 2012
EUR/USD : Critical Point 1.2797

Sell EURUSD
Entry: Target: Stop:

EUR/USD : The bias is still on the downside when the market is rejected from the critical level at 1.2797 // 1.2809. The market is heading towards 1.2689.


Qindex.com


http://www.youtube.com/watch?v=dZEGYpXE5B4

EUR/USD : Monthly Cycle Charts

hk ab 15:42 GMT January 17, 2012
gold

how many traders have witnessed the drop of dlr/jpy from 135 to 125 in just 2 days?......

guess many who witnessed that have already retired/ stop lossed from the mkt.

I still remember the cover page of Economist which shows a tear face of Japanese which "anticipate dlr/jpy to trade @160"......fact is, dlr/jpy never goes beyond 135.30 after that......till now.

hk ab 15:32 GMT January 17, 2012
gold

from the mkt c9 sentiment, if it's not 95%, it could only be 98%.......

GVI Forex Blog 15:30 GMT January 17, 2012 Reply   
January 17 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, January 18. Updated: Trading Events Calendar:

GVI Forex- Data Outlook for January 18, 2012

GVI Forex john 15:25 GMT January 17, 2012
Calendar
Reply   


January 17 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, January 18. Updated: Trading Events Calendar:

kl shawn 15:06 GMT January 17, 2012
gold

ab, if you based your assumption of 95% shorting euro on COT, then that I am afraid that has changed, COT data is lagging indicator

Lahore FM 15:05 GMT January 17, 2012
" Trade Ideas "


Entry: 1665.90 Target: Stop: 1665.90 for half

Lahore FM 08:15:47 GMT - 01/17/2012

Sell Gold
Entry: 1665.90 Target: Stop: 1668 bid
Lahore FM 07:56 GMT January 17, 2012 - My Profile
" Trade Ideas " : Reply
Sell Gold
Entry: 1665.90 Target: Stop: 1674

sold now.

--
sl lowered
--
out of half now at 1657.15.sl to entry on remainder.

Ind! Rafe... 14:56 GMT January 17, 2012
EURUSD
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i have a target in coming days of 13133 if we close above 12768 but there are other resistance points to battle on the way. i posted them earlier today.

hk ab 14:47 GMT January 17, 2012
gold

we will see. But a 10 fig daily move will be impressive under the current sentiment......>95% shorting euro......

kl shawn 14:45 GMT January 17, 2012
gold

doubt euro will fly high, rallies are treated as short opps

hk ab 14:33 GMT January 17, 2012
gold

euro will also fly in such case as people regard that has getting rid of a burden.

hk ab 14:33 GMT January 17, 2012
gold
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it's anticipating Greece dismissal......

Ind! Rafe... 14:28 GMT January 17, 2012
EURUSD
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If euro closes above 12768 then we head higher...

kl shawn 14:27 GMT January 17, 2012
sell euro

yes, just follow the big and orderly trend down for euro, looks like 1.28 is a history now if we go under 1.2680

Chicago tt 14:21 GMT January 17, 2012
sell euro

1.2623 => 1.2809

1.2716 50%
1.2694 61.8%

kl shawn 14:12 GMT January 17, 2012
sell euro
Reply   
well, such is market
one session so bullish, another session so bearish
never got a chance to reshort euro, i guess the momentum is with the bears now, on the route to make yet other new lows perhaps

Vancouver M 14:05 GMT January 17, 2012
EUR-USD



Trade Set-Up
Entry: Target: Stop:

Vancouver M 17:49 GMT January 16, 2012
EUR-USD : Reply


Trade Set-Up
Entry: Target: Stop:

Last week worked out as charted .Another week watch vip the perf own errors dry try reach 50% fibo lvl. bias tow cruise it!

follow up outperfed it extra make it a yard 1.2800+
50 lvl 1.2750 gave 50 more on lowride now howfar anybodies guess.

gl/gt

GVI Forex john 14:00 GMT January 17, 2012
ALERT- Bank of Canada Policy Decision
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kl shawn 13:48 GMT January 17, 2012
sell euro

took profit 1.2763, short again above 1.2777

dc CB 13:40 GMT January 17, 2012
Citigroup Misses Big On Top And Bottom Line:
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Earnings Negative Absent Loan Loss Release

absent a $1.5 billion in loan loss reserve releases, the bank would have reported negative net income, which was $1.364 billion pretax.

Yet there is no way to explain the absolute bloodbath in the Securities and Banking group, which saw revenues implode by 53% from $6.7 billion to $3.2 billion Y/Y, and down 10% Q/Q. Notably, Lending revenues down 84% from $1 billion to $164 million. RIP Carry Trade.

Some highlights from the earnings report, pre-spun for public consumption

GVI Forex Jay 13:39 GMT January 17, 2012
Update
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Some of you have noticed we have had a few issues with our site this past week. If for some reason you experience it again, it is only temporary as our tech engineers are working diligently to resolve the issues. These are not major and please be patient if they do occur again. In 15 years on the web, we have always prided oursleves on not only creating the highest quality discussion site anywhere but also reliability of performance. This will not change.

Saar KaL 13:38 GMT January 17, 2012
KaL's Trend and Level

friday close
P.I. at 6 sigma (Sort of the worst possibility)

EURJPY ---> what have you got to loss?
Short it and sleep till friday


Friday, January 20, 2012

EUR/USD 1.2891 1.2144
USD/JPY 77.6106 75.8906
GBP/USD 1.5605 1.5113
USD/CHF 0.9954 0.9357
AUD/USD 1.0626 1.0022
USD/CAD 1.0507 0.9996
NZD/USD 0.8289 0.7723
EUR/GBP 0.8341 0.8000
EUR/JPY 98.0743 94.0847 Sell
GBP/JPY 119.3995 116.2392
GBP/CHF 1.5175 1.4469
GBP/CAD 1.6090 1.5387
GBP/NZD 1.9302 1.8547
GBP/AUD 1.5225 1.4534
NAS100 2,468.12 2,387.03
SPX500 1,334.60 1,285.14
US30 12,748.93 12,322.58
USOil 109.36 96.05
XAU/USD 1,743.88 1,638.24
XAG/USD 33.86 28.84

GVI Forex Jay 13:37 GMT January 17, 2012
Forex Weathermap - EURUSD
Reply   
The pattern in the first two weeks of the year has been a short-lived correction followed by a new low. Here we are in the third week and the market is trying to correct again but so far stymied by 1.28. For a correction to get legs, it would need to break this pattern along with last Friday’s 1.2878 retracement high. Note 1.2819 = 76.4% of last Friday’s 1.2878-1.2623 range.

Forex Weathermap - EURUSD

kl shawn 13:36 GMT January 17, 2012
sell euro
Reply   
looks like euro is weakening again, sell euro 1.2777 with 30 pips stop

dc CB 13:36 GMT January 17, 2012
Trade Talk- Whats Moving Markets

Taxpayer Bailed Bank
Citigroup misses by $0.23, misses on revs (30.74 )
Reports Q4 (Dec) earnings of $0.38 per share, $0.23 worse than the Capital IQ Consensus Estimate of $0.61; revenues fell 6.4% year/year to $17.2 bln vs the $18.55 bln consensus.

Warren Buffett Bailed Bank

Wells Fargo reports EPS in-line, beats on revs (29.61 )
Reports Q4 (Dec) earnings of $0.73 per share, in-line with the Capital IQ Consensus Estimate consensus of $0.73; revenues fell 4.1% year/year to $20.61 bln vs the $20.07 bln consensus. "We are pleased with revenue performance in the quarter.


PS John/Jay...sorry about your site....who did you po to warrent these denial-of-service attacks?

GVI Forex john 13:30 GMT January 17, 2012
ALERT- U.S. Empire PMI
Reply   

London Mick 13:26 GMT January 17, 2012
Trade Talk- Whats Moving Markets

eur/usd would need get above 1.2820 to get shorts running. Resistance is seen there.

GVI Forex john 12:57 GMT January 17, 2012
Trade Talk- Whats Moving Markets

Empire PMI due on U.S. open.

Ind! Rafe... 12:47 GMT January 17, 2012
EURUSD
Reply   
EURUSD 1.2961 1.2805 1.2649 1.2493

London Misha 12:38 GMT January 17, 2012
Observations
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EURUSD - Tweezer Bottom follows a big Key Reversal Down on Daily Chart.
USDJPY - Bearish Belt Hold follows a Key Reversal Up on Daily Chart.
GBPUSD - Bearish Matching Close & possible Bearish Advance Block forming on Daily Chart.
USDCHF - Spinning Top with possible Tweezer Top, all on Daily Chart.
EURGBP - Spinning Top follows big Key Reversal Down on Daily Chart.
EURJPY - Bullish Hammer follows big Key Reversal Down on Daily Chart.
USDCAD - Bearish Engulfing Pattern on Daily Chart!
AUDUSD - Spinning Top on Daily Chart but now a breakup through Long MA resistance (which is now support) & top of recent Ascending Triangle.

GVI Forex 11:37 GMT January 17, 2012
Global Markets News
Reply   
The Euro continued to rebound from last Friday's lows of 1.2622 and continued to shake off the multi-country sovereign downgrade from S&P last Friday and subsequent cut in the EFSF facility rating by a notch. Risk appetite also improved as traders assessed China's Q4 GDP data and better German ZEW survey. EUR/USD held a key support of 1.2660 on Monday and tested the 1.28 area by the NY morning in today's session

TradeTheNews.com European Market Update: Risk appetite finds footing aided by China GDP data and German ZEW survey

GVI Forex john 11:08 GMT January 17, 2012
Global-View.com Forex Heat Maps
Reply   

Be Sure to Refresh Fourum Manually to Update Heat Map.

Saar KaL 11:03 GMT January 17, 2012
intraday

selling
I am just adding
2 , 3 4 5 sigma

EUR/JPY 98.1358 95.7849 Sell
GBP/JPY 117.7649 115.7486 Sell


EUR/JPY 98.3414 95.5786
GBP/JPY 117.9042 115.5970 Sell


EUR/JPY 98.5478 95.3732
GBP/JPY 118.0431 115.4450 Sell


EUR/JPY 98.7542 95.1677
GBP/JPY 118.1820 115.2931

10 sigma
EUR/JPY 99.7864 94.1408
GBP/JPY 118.8766 114.5332

GVI Forex john 11:03 GMT January 17, 2012
Trade Talk- Whats Moving Markets
Reply   

• Key Items  US- Empire PMI, BOC. 

• The Bank of Canada is expected to hold policy steady on later today. The policy statement is always closely scrutinized.

• German ZEW data were much better than forecast while yy EZ and UK  inflation eased.  

• Late Friday saw the long-awaited S&P downgrades of European sovereign debt. The highlight was the French downgrade from AAA to AA+ with a negative outlook.

• S&P downgraded the EFSF by one notch on Monday. The reduction came as no surprise. The debt of EFSF cannot be rated at a level higher than its constituent guarantors! Nevertheless AA+ is still a respectable rating.

• Tensions clearly have eased around European sovereign debt funding. tensions are turning to Greek sovereign debt issues. Big question immediately is the nature of a possible debt default and whether Greece will be able to stay in Eurozone over time.

• Chinese GDP +8.9% yy better than extimated..

• USD sentiment has been improving following the most U.S. employment data a week ago, although the latest data were mildly disappointing. The Markets are pricing in a U.S. economic recovery.

GVI Forex Blog 11:01 GMT January 17, 2012 Reply   
Key Items US- Empire PMI, BOC. The Bank of Canada is expected to hold policy steady on later today. The policy statement is always closely scrutinized. German ZEW data were much better than

Forex Trade Talk 11:00 GMT 17 January 2012

JERUSALEM KB 10:59 GMT January 17, 2012
Forex Trading Plan



Gold
Entry: Target: Stop:

CORRECTION:
placed a sell limit at weekly bollinger band for a WEEKLY close below weekly trend line again:
NEW CHART:
THIS WHAT I HOPE TO SEE.
ABOVE 1700 ELIMINATE THIS HOPE:-)

GVI Forex Blog 10:56 GMT January 17, 2012 Reply   
10:50 GMT (Global-View.com) January 17- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is opening Tuesday in North America at .5227, -0.77% from its Monday close (-2.84% vs. end-2010).

Global-View D.O.G. Index January 17, 2012 U.S. Open

JERUSALEM KB 10:56 GMT January 17, 2012
Forex Trading Plan



Sell Gold
Entry: 1680-1686 Target: WEEKLY CLOSE BELOW TREND LINE Stop: 1700

placed a sell limit at weekly bollinger band for a daily close below weekly trend line again.

GVI Forex john 10:54 GMT January 17, 2012
Global-View D.O.G. Index
Reply   
10:50 GMT (Global-View.com) January 17- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is opening Tuesday in North America at .5227, -0.77% from its Monday close (-2.84% vs. end-2010).

As for its key subcomponents, the USD forex purchasing power index is .7825, -0.65% (+0.56% vs. end-2010). The forex index is value is calculated against the top six trading currencies.

Against gold, the USD purchasing power index is worth .1732, -1.17% (-14.65% ytd).

Against crude, it is at 0.4424, -1.10% (-9.29% end-2010). The D.O.G. Index base is 1.00. It is measured against levels from the start of 1999, as of the initial launch of the euro (currency).

msa nsm 10:51 GMT January 17, 2012
intraday

areas of interest:
kiwi 0.8033
e/j 98.37
gold 1670.69
gbp/j 118.65
eurusd 1.2817

msa nsm 10:38 GMT January 17, 2012
intraday
Reply   
eurjpy levels kindly KaL, Rafe, thanks

Boston eFX 10:17 GMT January 17, 2012
SNB Might Raise EUR/CHF Floor -BayernLB
Reply   
There is a chance the SNB will raise its EUR/CHF floor says BayernLB, after Swiss producer and import price data Monday showed the risk of deflation in the country easing in December.

"The annual .....

SNB Might Raise EUR/CHF Floor -BayernLB (full story)

london red 10:13 GMT January 17, 2012
eur/usd

would second Micks 1.28 level, with some of the crosses approaching critical levels, a move above 1.28 could quickly see a bout of short covering, newsflow is better than expected so if we don't get the rally you feel the disappointment will take us some way back down by the rollover

GVI Forex john 10:11 GMT January 17, 2012
ALERT- German ZEW/EZ CPI



YY HICP (CPI) easing as forecast...

GVI Forex john 10:05 GMT January 17, 2012
ALERT- German ZEW/EZ CPI

German ZEW much better than forecast, EURUSD higher.

GVI Forex john 10:02 GMT January 17, 2012
ALERT- German ZEW/EZ CPI
Reply   

FFT HH 09:58 GMT January 17, 2012
ZEW
Reply   
Up next is Get ZEW

GVI Forex john 09:52 GMT January 17, 2012
ALERT- U.K. CPI/RPI



Inflation remains elevated...

Boston eFX 09:50 GMT January 17, 2012
GFMS: Gold May Break $2,000/Oz Later This Year Or Early 2013
Reply   
The price of gold may struggle to sustain any significant gains in the coming months, though the market should overcome any sluggishness to rally to a new record above $2,000 a troy ounce later this year or in early 2013, metals consultancy GFMS Ltd. said Tuesday.

GFMS--a unit of Thomson Reuters Corp.--said liquidity concerns and elevated risk aversion may weigh on bullion prices.

In an update to its 2011 Gold Survey report, GFMS forecast ....

GFMS: Gold May Break $2,000/Oz Later This Year Or Early 2013 (full story)

Saar KaL 09:44 GMT January 17, 2012
KaL's Trend and Level

GBPCAD will day short

1.5622 1.5507

London Mick 09:44 GMT January 17, 2012
eur/usd
Reply   
Shorts are okay if it stays below 1.2780 although 1.28 could also be used as THE level.

GVI Forex john 09:38 GMT January 17, 2012
ALERT- U.K. CPI/RPI
Reply   

Saar KaL 09:34 GMT January 17, 2012
KaL's Trend and Level

closing gold at 1673
relong later

msa nsm 09:27 GMT January 17, 2012
long term

done.

Saar KaL 09:26 GMT January 17, 2012
KaL's Trend and Level

LONG Sp 500 Here
TGT > 1314

msa nsm 09:24 GMT January 17, 2012
long term
Reply   
awaiting for a signal to go long gbpnzd for a month i'd say, around current level, using 1h, 4h and 30m to identify an entry point, which should be around 1.9130 small and without sl, will add lower if breached. gl

Saar KaL 09:14 GMT January 17, 2012
KaL's Trend and Level

will exit usdchf at .95 next hour or so
rebuy later .9440 area

Saar KaL 09:08 GMT January 17, 2012
KaL's Trend and Level

dji longs till 12630


closed all gbpnzd shorts here
flat for the rest of the day IMO

Saar KaL 09:03 GMT January 17, 2012
KaL's Trend and Level

Long NDX till close

Saar KaL 09:03 GMT January 17, 2012
KaL's Trend and Level

Long NDX till close

Ind! Rafe... 08:46 GMT January 17, 2012
AUDUSD
Reply   
AUDUSD 1.0631 1.0430 1.0232 1.0031

Ind! Rafe... 08:44 GMT January 17, 2012
EURUSD
Reply   
EURUSD 1.2869 1.2768 1.2676 1.2575

GVI Forex Blog 08:44 GMT January 17, 2012 Reply   
(CN) CHINA Q4 REAL GDP Q/Q: 2.0% V 2.3% PRIOR; Y/Y: 8.9% V 8.7%E (lowest since Q2 of 2009); 2011 GDP Y/Y: 9.2% V 10.4% IN 2010 - (CN) CHINA DEC INDUSTRIAL PRODUCTION Y/Y: 12.8% V 12.3%E (first ris

TradeTheNews.com Asian Market Update: Positive China data gives a boost to the markets; S&P strikes again cutting EFSF's rating

Forex Signals 08:43 GMT January 17, 2012 Reply   

Eur/Usd: Correction looms ?

Ind! Rafe... 08:40 GMT January 17, 2012
USDCHF
Reply   
USDCHF 0.9616 0.9544 0.9475 0.9403

msa nsm 08:35 GMT January 17, 2012
intraday

usdcad testing support.......

Saar KaL 08:35 GMT January 17, 2012
KaL's Trend and Level

silver longs here till close

msa nsm 08:29 GMT January 17, 2012
intraday

and yes they were after my stops, ;-(

KL KL 08:24 GMT January 17, 2012
GOLOD

i will be Selling new commodity GOLOD near 1664........LOL....GOLOD

KL KL 08:19 GMT January 17, 2012
GOLOD

HK RF

GOLOD......LOL.....relax........maybe later tonight 1670......was that extra "O" a suprise a sudden move down... Back to reality trade...Euro and USA now.... China Data is for weaks shorts.....now reality is coming back. If USA & Europe sinks...bye bye Asia the last hope for the western world. This is the reality and things are not improving.

Even in World's Best Treasurer Economy of Australia..... Retail slump and Banks jobs cuts about to start in 3 weeks time after the school rush ends. Ninja trading is no attachment to sentiments .......

Saar KaL 08:15 GMT January 17, 2012
GOLOD

adding gold for next 2 hrs
Longing with every 3-5 pips

Lahore FM 08:15 GMT January 17, 2012
" Trade Ideas "

Sell Gold
Entry: 1665.90 Target: Stop: 1668 bid

Lahore FM 07:56 GMT January 17, 2012 - My Profile
" Trade Ideas " : Reply
Sell Gold
Entry: 1665.90 Target: Stop: 1674

sold now.

--
sl lowered

Saar KaL 08:14 GMT January 17, 2012
GOLOD

gold staying long till US Mid day
1780 area

Trading Systems 08:12 GMT January 17, 2012 Reply   

Track FM's Robots

KL KL 08:11 GMT January 17, 2012
Gold - Ninja Entry

Ina JHZ

Lucky you...pity I covered 2/3.....never mind my 1/3 is still formidable....out another 1/3 of my 1/3 1661.7.......need to lighten boat for swift execution...otherwise broker cheat and pause for 30 seconds....when the volume is too high. This is paper gold anyway....so don't have too much attchment to it....

I was hoping for a ride to 1669....but looks like now 1666 is distant memory.....scattered pictures.....so the music goes....

msa nsm 08:09 GMT January 17, 2012
intraday

was that seriously a stop hunt?

HK [email protected] 08:09 GMT January 17, 2012
GOLOD
Reply   


Gold chart daily estimation for Res. line

Saar KaL 08:07 GMT January 17, 2012
KaL's Trend and Level

short a couple of GBPNZD


for da EURUSD shorts soon 2 to 5 sigma..Just in case gets nasty

EUR/USD 1.2797 1.2392
EUR/USD 1.2840 1.2350
EUR/USD 1.2883 1.2307
EUR/USD 1.2926 1.2264

KL KL 08:06 GMT January 17, 2012
Gold - Ninja Entry

maybe bye bye gold and aud...

in short audusd 1.0429....keep adding 30 pips above....no stops....calling this Depression investment...


Next eurusd 1.28.....lets sell the lie and scam ans sham.....gold is showing the way........LOL

Ina JHZ 07:59 GMT January 17, 2012
Gold - Ninja Entry

KL, im in! LOL.. @1666

HK [email protected] 07:59 GMT January 17, 2012
GOLD
Reply   
Have to watch the next 1675 and 1680, a breach of which will lead to significant gains.

Maybe it is all about "GOOD BYE GREECE?" I wonder.

Saar KaL 07:58 GMT January 17, 2012
KaL's Trend and Level

on average 2 sigma

EUR/USD 1.2797 1.2392
USD/JPY 77.3436 76.4378
GBP/USD 1.5339 1.5038 Sell
USD/CHF 0.9741 0.9425
AUD/USD 1.0484 1.0159
USD/CAD 1.0317 1.0046
NZD/USD 0.8206 0.7920
EUR/GBP 0.8402 0.8214
EUR/JPY 98.0028 95.6549
GBP/JPY 117.8174 115.8029
GBP/CHF 1.4735 1.4365
GBP/CAD 1.5652 1.5291
GBP/NZD 1.9052 1.8609 Sell
GBP/AUD 1.4893 1.4529
NAS100 2429.280823 2370.528173
SPX500 1,322.2737 1,288.2363
US30 12,634.0822 12,337.0311
USOil 104.8996 97.1596
XAU/USD 1,702.9528 1,641.2482
XAG/USD 32.2640 29.4901

KL KL 07:57 GMT January 17, 2012
Gold - Ninja Entry

out 2/3 gold 1665.30....reshort above 1667.3...phew.....I prefer to short in my zone.....

i like to eat boil frog....tasty....LOL...rest stop on profit...

Lahore FM 07:56 GMT January 17, 2012
" Trade Ideas "

Sell Gold
Entry: 1665.90 Target: Stop: 1674

sold now.

Saar KaL 07:52 GMT January 17, 2012
KaL's Trend and Level

cable
4 sigma

GBP/USD 1.5386 1.4988

5 sigma
GBP/USD 1.5409 1.4963

12 sigma

GBP/USD 1.5572 1.4788

this sometimes happens

KL KL 07:50 GMT January 17, 2012
Gold - Ninja Entry

add 1.5 more gold short 1667.15 ....wait now 1667.8....hoping to average above 1666.5 and above....

Shorted more DOW 12550 now and FTSE 5723.....wheeee.....time to keep for Depression ..... China shut down on Friday.......no need any commodities for next 2 weeks..... restart order after Feb19.....LOL...this isthe Ninja anti Media scam News...

hk ab 07:50 GMT January 17, 2012
gold
Reply   
another frog boiling day.

msa nsm 07:48 GMT January 17, 2012
intraday

all stopped, flat.

mumbai 07:44 GMT January 17, 2012
2012 Metals, energy, currencies, grains, soft commodities newsletter as a gift...
Reply   
Just downloaded the PDF file of the newsletter from mahendraprophecy. So i thought to share with you, The predictions for gold/silver from 16-20 January 2012 by Mahendra Sharma in his newsletter is directly quoted below:

"On Monday and Tuesday metals will remain positive in the tight range however metals investors will experience huge volatility from Wednesday, but don’t short metals on Monday
and Tuesday. The volatility will continue from Wednesday until the middle of Friday.

Our longer term outlook on metals looks very bullish but the shorter term for the next ten days metals may find the bottom.

Silver will outperform gold in the medium and longer term so yes, if gold moves up 50% from here, silver will move up 150% from here. If you give me 100 dollars to invest in metals then I
will surely place huge bets on silver by buying December calls with strike price of $39 in three stages from here (The first stage will be on this Friday, the next one on the 25th of January and the last one on the 16th of February)

Mahendra Prophecy

KL KL 07:35 GMT January 17, 2012
Gold - Ninja Entry

in short again 1664.45....lets tango.....looking for 100 pips first....

msa nsm 07:19 GMT January 17, 2012
intraday

1.5454 is my next level of interest, managing risks though hit hard this week overall.gl
________
stopped out cable for -20pips
___________
Short cable, long usdcad here with 20 pip sl, previous audusd stopped for minus 20. Gl

msa nsm 07:17 GMT January 17, 2012
intraday

stopped out cable for -20pips
___________
Short cable, long usdcad here with 20 pip sl, previous audusd stopped for minus 20. Gl

Saar KaL 06:44 GMT January 17, 2012
KaL's Trend and Level

GBPCHF had started a major correction few months back
from that 1.17 area
it wants > 1.60 Longer term for the next correction south
this is useless unless some trade cash.
but still...IMO that's what it wants to do on average

Saar KaL 06:38 GMT January 17, 2012
KaL's Trend and Level

GBPNZD major reversal is comin
soon
now i am still short
but 1.86ish area...maybe in a couple of days
entry there will take that baby to > 2.15
maybe in 3 months
and that is only a correction
Imagine dat

Saar KaL 06:34 GMT January 17, 2012
KaL's Trend and Level

GBP/USD 1.5338 1.5037
I know now it's above the high
but this is at 2 sigma
TGT 1.5030

Ind! Rafe... 06:31 GMT January 17, 2012
GBPUSD
Reply   
Buy GBPUSD
Entry: Target: Stop:

GBPUSD 1.5457 1.5362 1.5288 1.5193

Saar KaL 06:28 GMT January 17, 2012
KaL's Trend and Level

IMO this gold rallie is just a correction
still 1400 is on the menu for the next few months
I'll short around 1700 area in the next 3 weeks

msa nsm 06:24 GMT January 17, 2012
KaL's Trend and Level

what levels are you looking for KaL sir?

_______
Saar KaL 05:12 GMT January 17, 2012 - My Profile
KaL's Trend and Level: Reply
cable wants to reverse but i do not think from here
shorting it for a few more days

msa nsm 06:21 GMT January 17, 2012
Gold - Ninja Entry

audusd should be capped at 200ma and turn down, this should in the meantime give room for gold to move slightly higher to correlate with the audusd fall, penny thought. :-)

msa nsm 06:10 GMT January 17, 2012
Gold - Ninja Entry

i believe the downgrade had already been absorbed by the market and now trading normal unless hit hard by unexpected blast, thats why i'm waiting for 1.2817 should be good level to short following technicals and considering the market sentiment, what do you think? gl

msa nsm 06:07 GMT January 17, 2012
intraday

KL, silver done, now looking for gold, 1670 should be good for 1000 pips and then move to 1700-1704 just like KaL level, that should be good upto 38.2% retrace i guess. any views? gl

KL KL 06:00 GMT January 17, 2012
Gold - Ninja Entry

msa nsm

Not by choice....my cable + broadband down..... but having said that..... good to sometimes not see market and come in with perspective.... Luckily no limit sell position.

Happy to be shorting gold now again at 1658.7...take the 80-100 pips and move higher again.... Yes market is bullish because of China's data...can be one day wonder before the close down in Asia....anyway....I don't like to wait...I trade safe.

News of France downgrade is handled well by media scam.....but the joy will be short lived.....anyway I have lots of trade to make to make up for those days .....

Like short DOW futures too 12527....keep adding 20-30 pips above......SnP crossing 1300 is bullish...but I am doing my 10 years investment......some call it anti Gold Bug trade...LOL

looking to short Apple too above 444.....death to apple....he he...gl gt

msa nsm 05:59 GMT January 17, 2012
intraday

silver silver silver!!!!!!

Saar KaL 05:49 GMT January 17, 2012
KaL's Trend and Level

for sure
shorts

GBP/JPY 117.8036 115.7887 Sell

Fx Trading Discussion 05:23 GMT January 17, 2012 Reply   

How to promote wind turbing?

Saar KaL 05:12 GMT January 17, 2012
KaL's Trend and Level

cable wants to reverse but i do not think from here
shorting it for a few more days
EURUSD is still bearish

EUR/USD 1.2781 1.2376
USD/JPY 77.3421 76.4369
GBP/USD 1.5349 1.5048 Sell
USD/CHF 0.9753 0.9437
AUD/USD 1.0482 1.0157
USD/CAD 1.0323 1.0052
NZD/USD 0.8207 0.7920
EUR/GBP 0.8385 0.8197
EUR/JPY 97.8754 95.5302
GBP/JPY 117.8869 115.8744
GBP/CHF 1.4764 1.4393
GBP/CAD 1.5671 1.5310
GBP/NZD 1.9063 1.8621 Sell
GBP/AUD 1.4906 1.4542
NAS100 2432.75624 2373.904828
SPX500 1,322.8444 1,288.8653
US30 12,638.4412 12,341.8174
USOil 105.0488 97.3178
XAU/USD 1,704.4169 1,642.6596
XAG/USD 32.2984 29.5228

Saar KaL 05:09 GMT January 17, 2012
KaL's Trend and Level

GM all
Suggesting EURJPY Shorts

EUR/JPY 97.8766 95.5313 for today

friday close PI
EUR/JPY 97.2164 94.8731 Sell
IMO Practically all week position

Boston eFX 04:54 GMT January 17, 2012
Azumi: Will Carefully Deal With The Euro Drop Versus The Yen
Reply   
Japan's finance minister said Tuesday he will deal with the euro's drop versus the yen "carefully and cautiously" while monitoring Europe's debate over its sovereign debt crisis.

"I'd likely to carefully examine current movements in the exchange rate" between the euro and the yen, Jun Azumi said at a news conference after a regular Cabinet meeting. "I expect .......

Azumi: Will Carefully Deal With The Euro Drop Versus The Yen (full story)

HK [email protected] 04:53 GMT January 17, 2012
Will be more safe to short gold at 1680.
Reply   
Better wait.

msa nsm 04:45 GMT January 17, 2012
intraday

Keeping a watchful eye on silver and gold, more inclined to silver

msa nsm 04:28 GMT January 17, 2012
intraday

Looking for 20pips and then sl to break-even. Usdcad at terminal levels might take any side to break

msa nsm 04:23 GMT January 17, 2012
intraday

SnP rally to 100% should take a break giving the dollar some short term strength, further weakness expected to push euro to 1.2817, which should correlate with usd 76.4 level bringing back strength. Just a penny thought

msa nsm 04:23 GMT January 17, 2012
intraday

SnP rally to 100% should take a break giving the dollar some short term strength, further weakness expected to push euro to 1.2817, which should correlate with usd 76.4 level bringing back strength. Just a penny thought

msa nsm 04:18 GMT January 17, 2012
intraday
Reply   
Short cable, long usdcad here with 20 pip sl, previous audusd stopped for minus 20. Gl

msa nsm 04:10 GMT January 17, 2012
Gold - Ninja Entry

Hi KL, good to c u, personally waiting for 1704. I believe this time round it will be hit. Gl

HONG KONG acetrader 04:02 GMT January 17, 2012
2012 INTRA-DAY ( USD/JPY OUTLOOK - 76.81)
Reply   
USDJPY
Entry: Target: Stop:

17 Jan 2012 02:32GMT...
INTRA-DAY USD/JPY OUTLOOK - 76.81

Despite intra-day dlr's broad-based weakness in Asia caused by rally in eur/usd, cross-selling in yen is expected to keep price range-bound in Tokyo session, however, consolidation with downside bias remains for weakness twd 76.61 later. Still favour selling dlr on recovery n only abv y'day's 77.14 high (NZ) aborts bearish bias.

ACETRADER

Syd 03:52 GMT January 17, 2012
Barret Capital Management accused of using client cash for its own purposes
Reply   
TORONTO - One of Canada's investment regulators has accused Barret Capital Management, a firm specialized in futures and options on metals and other exchange-traded commodities, of using client money for its own purposes.

IIROC has set a hearing for Tuesday morning to suspend Barret's membership in the organization and stop Barret from dealing with the public

Syd 03:22 GMT January 17, 2012
The Path To EUR/USD 1.1000
Reply   
The New Consensus in the euro may be setting up the euro for a big downward price spiral.

But this isn’t the entire story. The reaction to the recent downgrade of France shows us something unusual about the price action in the EURUSD

NZ OT 03:15 GMT January 17, 2012
EUR/USD Marvelous Monday

Done.

Syd 03:11 GMT January 17, 2012
'Made in Germany' Label At Risk
Reply   
The European Union wants to tighten controls on the rules that determine which products can carry the "Made in Germany" label.

Germany's leading industry group is outraged, warning the move could hinder the success of the world's second-largest exporter.

USA ZEUS 03:07 GMT January 17, 2012
EUR/USD Marvelous Monday

Thanks OT.
1.2730+ Good place for some locks & perhaps keep some at B/E for a free shot at something greater.
GLGT!

NZ OT 03:02 GMT January 17, 2012
EUR-USD

Yes, you too M!

NZ OT 03:01 GMT January 17, 2012
EUR/USD Marvelous Monday

Another great euro call Zeus.

Open 02:38 GMT January 17, 2012 Reply   

EUR/USD Daily Asia Outlook 01/17

Open 02:38 GMT January 17, 2012 Reply   

EUR/GBP Daily Asia Outlook 01/17

KL KL 02:38 GMT January 17, 2012
Gold - Ninja Entry

add another gold short 1656.1......too good

Open 02:37 GMT January 17, 2012 Reply   

GBP/USD Daily Asia Outlook 01/17

Open 02:37 GMT January 17, 2012 Reply   

USD/CHF Daily Asia Outlook 01/17

KL KL 02:35 GMT January 17, 2012
Gold - Ninja Entry
Reply   
Selling gold then Aud.....no problems


Selling paper Gold here 1655.3..... last hurrah perhaps....lets see who wins....

Minneapolis DRS2 02:15 GMT January 17, 2012
EUR/USD Unlikely To Drop Short Term

One thing to keep in mind is that "trading" does not mean "predicting". A price level that you predict (i.e. guess) is one thing, but it does not have to be what you actually trade.

For example, take this latest EUR/USD upmove from 1.2650 to 1.2710. If you followed most people's predictions, you would have been shorting at all price levels between 1.2650 and 1.2710, HOPING to get 1.2620 or 1.2500 or something like that.

However, if you had traded UP and went long for a bit while the price was moving up, you could have gained a few pips...maybe not all 60 pips, but perhaps 20-30 or so.

Following price...it's one of the hardest things to do IMHO, but it's a skill worth mastering. Trading becomes much easier and less frustrating when you can do it.

Mtl JP 02:03 GMT January 17, 2012
EUR/USD Unlikely To Drop Short Term

DV - at risk of...
possible and probable are not same thing.
sure it is a possibility - trading FX is a game of odds - i.e. probabilities and currently every FX monkey is eyeballing 1.25. Another popular target seems to be 1.20.
short euro possies are at a new all-time record 28 billion.
the implied sentiment is a strong bear.

Suggest to concentrate effort on limitting loss regardless of your trade's direction you might choose rather than any potential price target.

USA ZEUS 02:00 GMT January 17, 2012
EUR/USD Marvelous Monday

Cheers!

GVI Forex Jay 01:57 GMT January 17, 2012
EUR/USD Unlikely To Drop Short Term

This caused the moves just now:

Monday, January 16, 2012 8:49:27 PM
(CN) According to Xinhua China Q4 GDP will be 8.9% v 8.7%e; 2011 GDP 9.2% v 9.2%e

Trade the News

Chicago DV 01:28 GMT January 17, 2012
EUR/USD Unlikely To Drop Short Term

i should say is it possible before heading towards 1.25?

USA ZEUS 01:27 GMT January 17, 2012
EUR/USD Marvelous Monday
Reply   
Get ready to crush it!

Chicago DV 01:15 GMT January 17, 2012
EUR/USD Unlikely To Drop Short Term

That is consistent with eur not dropping on efsf downgrade. 1.2750 is possible??????

Boston eFX 01:09 GMT January 17, 2012
EUR/USD Unlikely To Drop Short Term
Reply   
Don't expect many more short-term declines in the EUR/USD in Asia action following Friday's downgrade-driven sell-off, says ANZ's FX strategy team.

"Credit ratings agencies have dished out about as much bad news as possible... and there will be .......

EUR/USD Unlikely To Drop Short Term (full story)

makassar alimin 00:13 GMT January 17, 2012
aussie
Reply   
sell audusd 1.0329, stop above 1.0380, target later

Boston eFX 00:13 GMT January 17, 2012
Miner Survey Sees 2012 Gold Peak At $2,000 An Ounce
Reply   
(Dow Jones via eFXnews) Gold miners expect the price of the precious metal to continue rising in 2012 and are updating their mining plans accordingly, PricewaterhouseCoopers said Monday.

In its annual Gold Price Report, PwC said 80% of mining companies surveyed expect the price of gold to continue to increase this year, with the majority of respondents expecting gold to peak at $2,000 a troy ounce in 2012.

The survey was based on responses from 40 gold companies representing 26.5 million ounces of gold mined in 2011, and 37.75 million ounces to be mined in 2012.

For 2012, the average price to be used by.....

Miner Survey Sees 2012 Gold Peak At $2,000 An Ounce (full story)