If you read Monday’s article you will have seen we were bullish crude oil and unleaded gasoline based upon geo political concerns and are looking for a big move up to test contract highs.

We did not get any strength on Monday, but prices have bottomed today and are moving higher. Could this see another test of the highs or will the bears take control?

Geo political reasons will keep prices firm

Forget the supply and demand situation – it’s geo political concerns that are the major driving force in crude and unleaded gasoline and we have an important meeting on Thursday.

The 35-nation board of the International Atomic Energy Agency is scheduled to meet in Vienna on Thursday to debate the situation.

Can there be a compromise?

The problem with the whole Iran situation is a hawkish American administration that are not be in the mood to concede much and neither will Iran.

No one wants to lose face here.

This problem is while we don’t know what will exactly happen, the problem does not look like it will go away.

The technical view

The markets have been trading in a channel for several weeks now and prices have steadied at near term support.

Taking a look at unleaded gas, prices have firmed at the bottom of the Bollinger band and near term momentum is turning up, with the stochastic indicator crossing to the upside.

Resistance is at the middle of the Bollinger band, if this is hurdled the contract should test the highs.

Expect unleaded gas to lead the advance over crude.

Risk / reward

It looks like a near term bottom is being formed, if prices open strongly and remain firm a buying opportunity is presenting itself with low downside risk.

The odds favor the bulls and a test of contract highs should take place shortly. There is plenty of speculative buying waiting on the sidelines to come in and push prices higher.

Watch today’s action for strength and upside momentum to carry prices higher into the close.

More FREE Information

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Author: Sacha Tarkovsky
Article Source: EzineArticles.com
Duty tariff

Written by Gold Guru, I am submitting on behalf of Gold Guru. Read his bio at the end of this page.

Why invest in gold?

Gold has fascinated humans over the centuries as a store of real value. Many people view gold as the real form of money. In many instances, we are often challenged by the view that gold does not yield interest and hence it is a poor form of investment. However, gold investment yields us more than just interest but a real storage of intrinsic value. The important question is why must we invest in gold or at least allocate a small portion of our wealth in gold? The answer shall be revealed shortly.

Investors have different forms of investment vehicles such as equities, bonds, properties etc. One common class of asset missing is definitely the precious metals such as gold, silver, platinum etc. Just look at the number of investors rushing into commodities’ funds in 2006 and you can see that many realize too late that this class of investment was underweighted in their portfolios. As for myself, I chose gold as the class of natural resources to go into or I should say that I focus on my area of expertise which is gold investing.

Back in 1999 and 2000, when the world is going crazy over internet companies with little earnings, gold was trading in the USD 200-300/oz range. However, no one like gold as investors can make money faster in internet companies following the herd. Gold was unloved as an investment class back then and it offered a window of opportunity for those who knew the real value of gold. I started accumulating gold back then as I felt that gold was too cheap in real terms when we factored in inflation. Also, gold accumulation did something wonderful for me that it attracted more money into my life. Say you like to have $X every month coming into your life, a easy way is to hold $X worth of gold as your “wealth magnet”. As usual, many may think that this is totally crazy but then the key question is are you ready to try out this method or you are ready to dismiss it as a myth. I chose to explore for myself if it was a myth and I found out that it worked perfectly for me. After I started to accumulate gold, I measured the value of my gold on a monthly basis and my net income flow for each month, Guess what happened? Yes, my monthly income flow tracked the value of my gold closely each month and my networth increased steadily.

Amazing right? Perhaps it is time for you to stop buying lottery hoping for Lady Luck to visit you. Create for yourself a wealth magnet today and whenever you desire an increase in income flow, you just get out there to buy gold. I will tell you what and how to buy in my next article. Meanwhile, read more on gold and its magical effect on your wealth.

Gold Guru is a self-made millionaire who gathered his wealth from investing and trading in gold. He is a guest writer of We Care Tuition agency (http://www.wecaretuition.com). He also owns a site at [http://www.whyinvestingold.com] Feel free to email him at mail@whyinvestingold.com for advices on gold investment and trading.

Author: Yoong Kheong Fong
Article Source: EzineArticles.com
Canada duty rates

This past week gold surpassed $1100 an ounce in the futures market. This is certainly good news for gold bulls, and it’s difficult to argue with this powerful trend. However, there are some things that bother me about the latest impulse move up. Maybe it’s just my contrary nature. I am a long time gold bug. I started trading gold more than 30 years ago and I strongly believe in the principals and arguments favoring gold. But timing is another matter.

I just drove to Costco and during the 10-minute drive there I heard two commercials urgently urging listeners to buy gold now to protect their wealth. On the way home I heard three commercials, two on one channel and another upon changing the channel, again urging listeners to buying gold now. I admit I was in a bit of a Seattle traffic jam on the way home so it may have been a 15-minute drive. I just wonder if urging the public to buy gold at $1100 is going to be a sensible investment. I heard few commercials urging buying when gold was under $300 not that long ago.

One argument that gold bugs make is that gold is a hard asset that can’t be created at the whim of a politician or fed chairman. Soybeans and pork bellies would also fit as a real asset, but gold is non-perishable and very resistant to degrading over time. Soybeans and pork bellies are more useful as they are commodities than have a use. Well, gold does have some uses. A miniscule amount can be used in industry, such as electrical contacts in important components which makes gold unique due to its anti-corrosive qualities. A much larger use is in jewelry. But the vast majority of gold is held in vaults as a store of value. It seems ironic that gold, that was once in the ground, requires such a huge effort in terms of human labor often in dangerous conditions to extract it from the Earth, only to return it to vaults and safes, often located underground as well.

But what about gold as a store of value. It is difficult to mine so it can’t be created out of thin air, as being the case with paper fiat currencies. It is durable. It can’t be debased, as the actual gold content can be determined. Even with all that going for it, there really isn’t much in the way of intrinsic value, other than the small amount used in industry and for jewelry. The value of gold is really set by supply and demand. Traders riding trends have a big say in how high or low gold can go. Demand is fixed to some degree by the difficulty of getting the gold out of the ground. On the other hand, most of the gold ever mined is still available to dump on the market, so supply is available if those hoarding decide to sell. Very little gold is used up. Much of the demand side comes from the perception of safety. Those who bought at the peak in the early 1980s and held through more than 20 years of a bear market might have a different perception of the safety of gold. Adding insult to injury is the fact that the general stock market had its largest bull market in history during the very long gold bear market.

But how safe is gold as a store of value when the price can be set by people, much the way people set the value of a currency. A paper currency is nothing but a promise based on nothing but good faith. The price of gold isn’t really based on much more than that if you think about it. What is to stop a central bank from dumping a huge quantity of gold on the market? What is to stop traders from riding a downtrend, forcing prices lower and lower? Demand can change quickly. There is no intrinsic value to guarantee that gold won’t go back to much lower levels. And there is certainly no guarantee that prices will keep climbing, as promised by all the gold ads. People set the value of a currency. And people set the price of gold. The price isn’t set in the heavens. It is perception creating supply and demand. It isn’t absolute. If all the gold suddenly disappeared, nobody would miss a meal. The Earth would still rotate. Life would go on.

As governments can’t possibly pay for all the spending and deficits, it seems logical that all paper currencies will continue to decline, and that so called hard commodities will at least hold their own in relation to those paper fiat currencies. But for those who believe that gold is a good hedge against irresponsible governments, timing gold purchases is probably still a good idea. Piling on the bandwagon after such a lengthy price increase might mean buying at too high a price. In the very long run as currencies continue to decline gold may still be a safe bet even at these nosebleed levels. But one might be better to wait until the bandwagon tries to knock off the speculators and prices come back down to Earth.

There have been a few technical divergences that might suggest gold could be ready for a pullback. One is the failure of gold mining issues to lead the way higher. Another is the relationship during the last impulse up between gold and silver. Gold and silver have had a symbiotic relationship for a very long time. There are times when one commodity is in favor over the other, but they generally move in the same direction. Sometimes, but not always, a clue to a turn can appear when one of the commodities makes a new high while the other fails to do so. This is the case now between the gold and silver market. In many of the impulse moves in the past silver would lead the advances as well as the declines. This can get decoupled a bit when there is fear of continued recession at a time when inflation appears to be a threat, such as in the current environment. After all, silver is more of an industrial metal than gold so it is more sensitive to weak industrial demand. But divergences between the two should be watched closely.

Calling tops in a greed driven bull market is very difficult, and I am not trying to call a top here. I’m just pointing out some warning signs. The trend is still up, but that could change quickly if the dollar should have a rebound rally and all the traders in gold rush for the exits at the same time. I’ve seen it many times in the past. This time probably won’t be different.

Doug Tucker has a blog with daily commentary on stock indexes, precious metals, and other markets. There are many articles on technical analysis and indicator design and interpretation. To visit go to: http://tuckerreport.com/

Author: Doug Tucker
Article Source: EzineArticles.com
Canada duty tariff

If you haven’t yet considered buying gold to secure your financial future, then it’s about time you gave it a serious thought. Even the very mention of the yellow metal “gold” can be very exciting. No doubt diamonds are a girl’s best friends but that does not affect the popularity of gold in any way. From ancient times, gold has always been dear to a woman’s heart and has been used extensively for making jewelry and artifacts. As far as the popularity of gold is concerned, it still remains untouched. In fact, gold has also caught the eye of shrewd investors who have realized that it could perhaps be the only form of safe investment in times of recession.

People like you and me can buy gold in various forms – pure gold bars, nuggets, gold ingots, 1oz gold bars, 999.9 gold, gold bullion, and of course dazzling gold jewelry. Gold is readily available for sale even on the Internet on online marketplaces like eBay. For many, buying gold items is a way of becoming financially secured than just buying a valuable commodity. The best part is that gold is an independent asset that remains more or less unaffected by the economic cycle due to its sheer diversity of supply and demand base. To understand this, one needs to understand that unlike other commodities that suffer during economic recessions since the supply of raw materials declines, gold is not so vulnerable to the vagaries of the economic market trends.

Demand for gold in the industrial sector suffered a setback with almost 14% drop in the electronic market in 2007. But this was the result of slowing down of consumer spending. As compared to the setback faced by other metals this fall is negligible. Recession in the US has certainly impacted the demand for gold jewelry in North America as buying power of consumers slows down. Buying gold however should not be looked at as spending at all and what you need to really focus on is gold’s inflation and dollar hedging properties.

In fact, gold prices have always been rising steadily and although the dollar value has been sliding downwards in times of recession, gold prices have touched an all time high. With consumer prices in the United States seeing a sharp rise, the investment demand for the yellow metal as a means of inflation and dollar hedge would continue to grow. This demand is expected to remain like this even if the recession continues for a long time. Buying gold therefore remains the safest alternative to many other investments that go through a roller coaster ride during economic tides.

The involvement of the Central Bank in buying and selling gold is also an important factor why there is such a huge demand for gold. Their decision of trading in gold is independent of the economic cycle and is made much in advance to be carried out over a time span of many years. For instance, the first gold sales program in Switzerland commenced proceedings only by May 2000 although it was recommended in 1997 itself by a group of experts. This demonstrates the confidence they had in the yellow metal to render long-term profits and can also give you an idea as to how reliable gold investments can be.

In a nutshell, buying gold is the only way you can prepare yourself financially so that you have the necessary money in your hour of need. While 70% of gold supply can be attributed to mine production, the rest of the supply comes from official sector sales and scrap or recycled gold.

Buying gold is easy and profitable if you know the secrets.
iBuySellGold.com offers last minute gold trading opportunities and unbiased advice.

Author: Sam Montgomery
Article Source: EzineArticles.com
Smiling shark

Diversifying your investment portfolio should be the single most important thing for you. Always remember the saying; “Never put your all eggs in one basket.” In other words, use different baskets to put your eggs. The same principle applies in the world of investing.

Diversification ensures that all your eggs don’t go down together. When you diversify your assets into different assets like stocks, currencies, precious metals like gold, silver and platinum, you are trying to protect your investment portfolio from going down at the same time. All these assets are not correlated and move independently so with diversification, the chances of their going down together reduce.

Now, investing in precious metals like gold and silver can hedge your investment portfolio from inflation. In the last two years, FED has printed a lot of greenbacks. This increase in the money supply in the economy was needed at that time to ward off the recession and stop it from developing into a depression like what happened in 1930s. But as the economy recovers and it has started to come out of recession, this increased money supply is going to cause inflation in the economy. Now, this is not only the case with US but government is Europe and other parts of the world have also printed a lot of money to ward off the global recession that was threatening their economies. With recession now ending, most of these countries are going to suffer from inflation in this decade.

So, this decade that has just started a few days back is going to cause inflation to rise and make it an inflationary decade. When inflation rises, money loses its value. You need more to buy the same quantity of goods. Gold and silver are considered to be the best investments in times of inflation. During high inflation gold is the ultimate store of wealth.

Adding gold to your investment portfolio will hedge it against inflation to some extent. Gold and silver make excellent long term inflation hedges. By investing in gold now, you will be preserving your wealth in the coming decade. In addition to that you will also make sizable capital gain as gold prices are in an uptrend for the last many years. Right now, gold prices are at their historical peak.

Gold and silver are rather very versatile investments. When you invest in stocks, you are only investing in a stock. But when you invest in precious metals like gold and silver, you can physical own them in the shape of coins and jewelry. You can also have paper ownership in the form of gold and silver futures or in the form gold ETF or you can even invest in the stocks of a gold mining company.

In the end, it all depends on what you want to do with your money. Your investment portfolio, money, precious metals and all other things that are there in the financial world are just for your convenience. All these things are tools for living. So, in the world of investing, trading and speculating, precious metals are a means to an end. You need to know what you want to do!

Mr. Ahmad Hassam has done Masters from Harvard.Learn this 10 minutes a day Swing Trading Strategy that works for stocks, forex and futures. If you can read an email, you can start printing cash with these Strignano’s Forex Signals. One new member made $15,000 in just 24 hours.

Author: Ahmad A Hassam
Article Source: EzineArticles.com
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