Folgende news, erklärt ganz klar warum silverado gegen süden fährt.
Aber auch erkennt man, dass nach der konsolidierung, ein lang anhaltender Goldpreisanstieg folgen wird. Nicht nur gold konsolidiert sondern alle rohstoffe!!!
Aber nächste woche rechne ich bereits mit einer gegenbewegung.. mal schaun
Hier die erwähnte news:
RPT - Gold ends more than 6 usd lower on prospect of more US rate hikes
Thursday, February 16, 2006 12:47:19 AM
http://www.afxpress.com
(Repeating for technical reasons)
SAN FRANCISCO (AFX) - Gold futures closed with a loss of over 6 usd an ounce Wednesday after Federal Reserve chief Ben Bernanke said US interest rates may need to rise further to cool inflation generated by a strong economy and higher energy prices. Bernanke walked a fine line in his first-time testimony to Congress, establishing his inflation-fighting credentials without scaring the market. Beyond Bernanke's remarks, "gold was just way overbought, and the pendulum now needs to swing back some," said Peter Grandich, editor of the Grandich Letter
Gold for April delivery closed down 6.20 usd, or 1.1 pct, at 542.70 usd an ounce on the New York Mercantile Exchange, after falling to a six-week low of 539 usd
"Gold remains vulnerable to further weakness as it looks like the 50-day moving average around 535 usd is going to be tested again and could be breached," said Grandich. "A washout to as low as 510 usd is possible, but would be the best thing in the long run." On Tuesday, the contract added more than 1 pct, bouncing back from a two-session losing streak that had shaved 26 usd an ounce off the price
"A mixed of forward hedging by gold miners and fund position cutting or trimming had been behind the drop in gold over the last week," said research firm Action Economics, reiterating its position that the decline is a correction in a long-term bull trend. Comments by the Fed chairman "indicate a good deal of preoccupation with pesky inflation and with a housing sector full of 'uncertainty,' " said Jon Nadler, investment products analyst at bullion dealers Kitco.com. "The likelihood of further interest-rate rises remains a distinct possibility -- if circumstances warrant -- but he also made suggestions that the string of unending hikes witnessed over the last few years of Mr. Greenspan's reign may be coming to a halt," he said
Rate hikes mean a more attractive dollar and therefore weaker gold, but "interest rates can create inflation on their own," he said
"It will take either a sharp sequence of rate increases...or a significant reversal of rate hikes...to move the gold market in a meaningful way at this point," Nadler said
Among other things, gold appears much more concerned with Iran, growing trade deficits and the prospect that China may diversify out of US dollars, he said. "In the gold trading pits, economic uncertainties are taking a back seat to uncertainties of a different nature these days," Nadler said
Also in Wednesday's metals market, March silver lost 10 cents to close at 9.215 usd an ounce
April platinum fell 12.40 usd to finish the session at 1,006.50 usd an ounce, while sister metal palladium saw its March fall 3.90 usd to close at 277 usd an ounce
March copper closed down 7.55 cents, or 3.3 pct, at 2.191 usd a pound -- a four-week closing low. On the supply side, copper inventories were up 533 short tons at 33,527 as of late Tuesday, according to Nymex data. Gold supplies rose 13,342 troy ounces to 7.49 mln troy ounces and silver inventories were up 115,448 troy ounces at 125.6 mln troy ounces. Meanwhile, indexes that track the metals-mining sector returned Tuesday's gains of around 2 pct and then some. The Amex Gold Bugs Index fell 3 pct to close at 298.78 after reaching a low of 297.15, its lowest since early January. Among the index's components, shares of Hecla Mining was the biggest loser, closing down 10.7 pct at 4.75 usd. On Tuesday, the miner reported a fourth-quarter loss of 7.4 mln usd, or 6 cents per share, compared with a loss of 4 mln usd, or 3 cents per share a year earlier. It blamed the wider loss on higher production and depreciation costs
The CBOE Gold Index closed at 127.47 and the Philadelphia Gold and Silver Index slipped to 134.28, with each down 2.4 pct
Analysts at Goldman Sachs considers the recent sell off in the metals equities a "buying opportunity." In a research report, they said they expect more supply shortfalls, with several major producers having recently cut their metal sales guidance due to falling ore grades, rising costs and technical issues. It also sees a Chinese metals export slowdown and strong demand trends "fueled by China's industrialization/urbanization process and end of destocking in 2005." And project delays continue despite the high metals prices, they said
Goldman Sachs raised its price forecast on gold to an average 550 usd an ounce from 515 usd in 2006, and to 575 usd from 500 usd for 2007
This story was supplied by MarketWatch. For further information see www.marketwatch.com
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
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