Zlato pred vzostupom

Podľa mnohých analytikov nastáva ten pravý okamih, kedy je vhodné nakupovať zlato a akcie zlatých firiem. Prekonanie hranice US$960 bude vraj dôležitým momentom.

The time to buy both gold and gold shares ‘on the dip’ is here, in the belief that these supports will not fall as they did in 2008. Holders should be able and willing to hold gold and gold shares for the next year!

· In India, the world’s largest gold buying nation, demand has jumped at the start of their ‘gold season up to 200% in the last three weeks and should continue to rise. Buyers there have now accepted the base level of over Rs.1,400 – Rs. 1,500 and expect prices to hold or rise from here, removing the downside risk that concerns them the most.

· Western jewelry demand is about to come on stream at the start of the final quarter of 2009.

· We believe that central bank selling has exited the market until the I.M.F. starts to sell their 403 tonnes in 2010 and beyond[?].

· Eastern central bank gold buying continues at around 2-3 tonnes a week. All in all the demand / supply picture favors higher gold prices.

· The Technical picture is indecisive, overall, but encouraging short-term traders to take the price down in the next couple of weeks, will allow buyers to ‘buy the dips’. We suggest that holders do not sell but rise any falls.

· Investment demand has been sidelined at the moment but is expected to return as the gold price rises through $960.

· The shakeout of weak holders and reticent jewelers is coming to an end as they are seeing a need to come back to the international market for supplies.

· Industrial demand will rise alongside the progress of the global economic recovery, expected to pick up now and through 2010.

02.09.2009