Sunday, January 10, 2016

Gold Price Analysis As At January 10, 2016

The past week has seen a lot of fluctuation in the Gold Price and there has been news as to China purchasing a gold vault at the London Metals exchange which would indicate more participation by that country in the gold markets.

I am attaching a chart of Gold showing a bearish Shark Pattern which may be a good indication that we will see the price of the metal fall in coming days


Here are a couple articles I culled from the net with some information re Gold markets

China just destroyed this 120-foot-tall gold statue of Chairman Mao - Washington Post
Fri, 08 Jan 2016 15:47:43 GMT
It was certainly an audacious project. The 120-foot-tall statue of Mao Zedong, the much-loved and much-feared Communist revolutionary who built modern China, was said to have cost entrepreneurs half a million dollars to build. That the statue was built ...Mao statue in China 'pulled down by authorities' after 120ft gold giant is ...The IndependentGiant gold-painted statue of Mao Zedong 'demolished' in ChinaABC OnlineChina destroys Mao Zedong's giant gold-painted statue

Gold price up, silver constant - Himalayan Times
Sun, 10 Jan 2016 02:38:42 GMT
The rate of the precious metals in the domestic market is governed by its price in the international markets. The market opened on Sunday with gold price fixed at Rs 47,800 a tola. The price of the precious yellow metal edged up by Rs 200 per tola on ...

Gold price increases as dollar drops - Kuwait News Agency
Sun, 10 Jan 2016 11:08:44 GMT
KUWAIT, Jan 10 (KUNA) -- Gold price posted signifcant hike during last week's trading to exceed USD 1,100 per ounce after a drop in the US dollar compared to the major currencies, according to a report issued by ICN electronic economic Corporationīž ...

Gold Price Higher In Most Currencies in 2015 – Up 4% This Week - The Market Oracle
Fri, 08 Jan 2016 16:19:41 GMT
Gold performed its traditional role as hedge against currency depreciation again in 2015. Many currencies saw sharp losses and concurrent gold price gains. This trend has continued in the first week of 2016, with gold up by more th

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