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Showing posts from June 14, 2014

My thought on Gold (XAU) /Silver (XAG) / Platinum (XPT) / USD fundamental analysis 14 June 2014

My analyst for the week Gold XAU - side line Silver XAG - side line Platinum XPT - ▼ USD - side line With the Russia/Ukraine issue now becoming non war issue and transacting into oil price policies, the focus now is on Iran. After the sudden lost of oil export from Iran, the oil price had shot up and now had reach highest near to 110 USD. This will have a great impact on Gold and silver pricing, but since I do not trade during war time, I would suggest that we leave the Precious metal trade and wait for it to stable become going in again. No major news from China this week, just the usual housing properties over supply and the metal scandal. (check out my last post!) Last week USA market data was below expected. With the employment rate dropped and the student loan issue. Any USD rally would be quite limited and high chance of USD drop for the weeks to come. But we believe the below expectation data effect should not last long as the US market seem to have stable. I wo