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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 would suggest to staying out of the USD market as there is a chance that USA might be pull back into Iran issue once again.

South African strike seem to be coming to an end soon as the mining companies are now begging the leader of the strikes to stop and have offer a higher salary for the miners. So far this seem promising, but we will need to see the result next week. But the deficit caused by the months long strike would still affect the platinum prices for months to come. The current drop in platinum price would be a great chance for me to buy some platinum before the market realize the platinum deficit.

Please be advise that playing with forex might cause you to lose all your money.

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