Morning Gold Market Report for 6/18/2010 Compiled 06/18/10 6:00 AM (CT) Statistics: London Gold Fix $1244.00 +$9.50 LME Copper Stocks 457,425 tons -2,750 tons Shanghai Deliverable copper stocks were 135,944 tons -3,388 tons GOLD MARKET FUNDAMENTALS: (6:00 AM CST) In the action Thursday it seemed as if gold prices were definitively lifted in the wake of soft US economic data and that in turn would seem to suggest that flight to quality buying of gold is coming from a number of different sources. Early in the week gold seemed to be getting most of its lift from Euro zone economic uncertainty but given the slack US numbers the trade seems to have garnered another anxiety argument. Unfortunately for the bull camp, the US economic report slate is empty today and therefore the gold markets direction might be forced to draft off Thursday's psychology. However, with the gold market at the highs yesterday, moving within striking distance of record highs again, that has seemingly fostered a wave of flight to quality type headlines in the Press and that in turn would seem to keep the safe haven argument in play. Comex Gold Stocks were 10.795 million ounces up 3,585 ounces. Gold stocks have declined 11 of the last 20 days. |
http://in.groups.yahoo.com/group/investwise/
INVESTMENTS IN INDIA
We are low-risk, long-term investors.
Stocks, mutual funds and the entire investment gamut. Only financing/investment avenues in India will be discussed.
For any assistance, questions or improvement ideas, contact investwise-owner@yahoogroups.co.in
****************************************************************
NEW! ==== Check our LINKS and FILES sections for a world of information. REGULARLY UPDATED.
NEW! ==== Check "Tracklist" in Links and Files sections for Investment Ideas.
****************************************************************
No comments:
Post a Comment