Precious metal sheen to fade . Take for example , the two
main precious metals gold and silver . So far , the price of gold in the spot
market has declined by 16 % from a high in the last year . Meanwhile , the price
of silver has been undermined by 23.20 % in the same period .
A number of analysts , the strengthening of the exchange value of the U.S. dollar ( U.S. ) as the country's economic recovery , making gold as a save haven prestige of being dropped . Investors prefer riskier assets such as stocks to maximize profits . Let's look at analysts' predictions on the movement of both precious metal commodities .
A number of analysts , the strengthening of the exchange value of the U.S. dollar ( U.S. ) as the country's economic recovery , making gold as a save haven prestige of being dropped . Investors prefer riskier assets such as stocks to maximize profits . Let's look at analysts' predictions on the movement of both precious metal commodities .
1 . gold
The price of gold for delivery in June 2013 at Comex Exchange , yesterday ( 5/4 ) at 18:30 pm , slightly rose by 0.13 % to U.S. $ 1,554.40 per troy ounce compared to the previous day . Within a week the price of gold fell by 2.59% .
Nizar Hilmy , SoeGee Futures analysts say , the pressure on the current gold price is due to changes in the investment behavior of investors who fueled the U.S. economic recovery . Many investors who choose a more risky investment instruments . " This is evident from the stock price index in the U.S. is increasing, " said Nizar .
Late last week , the movement of gold prices had propped up by an agreement Cyprus bailout scheme . But because there is no new information regarding the continuation of the agreement , eventually triggering profit taking .
The price of gold for delivery in June 2013 at Comex Exchange , yesterday ( 5/4 ) at 18:30 pm , slightly rose by 0.13 % to U.S. $ 1,554.40 per troy ounce compared to the previous day . Within a week the price of gold fell by 2.59% .
Nizar Hilmy , SoeGee Futures analysts say , the pressure on the current gold price is due to changes in the investment behavior of investors who fueled the U.S. economic recovery . Many investors who choose a more risky investment instruments . " This is evident from the stock price index in the U.S. is increasing, " said Nizar .
Late last week , the movement of gold prices had propped up by an agreement Cyprus bailout scheme . But because there is no new information regarding the continuation of the agreement , eventually triggering profit taking .
Ibrahim , an analyst at Harvest International Futures argues
, is actually the price of gold at the end of the first quarter to get the
positive sentiment from India who want to transfer assets from the U.S. dollar
to gold . But , the sentiment was not able to keep up the pressure from the
strengthening U.S. dollar . Both analysts had predicted , in the second -
quarter gold price will still be depressed .
Technically , Nizar see there is a strong bearish signal on gold price movements . Indicator moving average ( MA ) indicates the price is below MA 25 , indicating there is potential for considerable further correction . Moving average convergence divergence ( MACD ) is still in the negative area , at the level of -5 with the movement down .
Nizar predictions , the next week the price of gold at U.S. $ 1,530 - U.S. $ 1,570 per troy ounce . Count Ibrahim , until the end kuartal-II/2013 , gold prices will drop in the U.S. $ 1,508 - U.S. $ 1,638 per troy ounce
Technically , Nizar see there is a strong bearish signal on gold price movements . Indicator moving average ( MA ) indicates the price is below MA 25 , indicating there is potential for considerable further correction . Moving average convergence divergence ( MACD ) is still in the negative area , at the level of -5 with the movement down .
Nizar predictions , the next week the price of gold at U.S. $ 1,530 - U.S. $ 1,570 per troy ounce . Count Ibrahim , until the end kuartal-II/2013 , gold prices will drop in the U.S. $ 1,508 - U.S. $ 1,638 per troy ounce
2 . silver
Silver futures for May delivery contract on the Comex Exchange , Friday ( 5/4 ) at 21:00 pm , rose 1.04 % to U.S. $ 27.05 per troy ounce compared to the previous day . Week , the price of silver fell 4.48 % .
In addition to weakening dragged gold prices , commodities also depressed by high inventories . Meanwhile, imports of consumer countries like the U.S. , China and India are moderated.
Another negative sentiment comes from data release German unemployment and manufacturing are not as expected . " That's what makes silver continue to be depressed , " said Ibrahim .
Ibrahim Nizar and estimates , the price of silver in the foreseeable future will still decline . Technically , the stochastic indicator is in the area of 80 % negative and 20 % Bollinger bands above the lower Bollinger band . Indicator moving average ( MA ) 20 is above the lower Bollinger band and the relative strength index ( RSI ) 60 % in the negative area . All this indicates a pressure indicator .
Next week , Ibrahim suspect , the price of silver in the range of U.S. $ 26.288 - U.S. $ 27.385 per troy ounce . While the end kuartal-II/2013 in the range of U.S. $ 25.536 - U.S. $ 28.483 per troy ounce . Nizar projections , the price of silver to late - second quarter was at U.S. $ 24 -US $ 29 per troy ounce .
Silver futures for May delivery contract on the Comex Exchange , Friday ( 5/4 ) at 21:00 pm , rose 1.04 % to U.S. $ 27.05 per troy ounce compared to the previous day . Week , the price of silver fell 4.48 % .
In addition to weakening dragged gold prices , commodities also depressed by high inventories . Meanwhile, imports of consumer countries like the U.S. , China and India are moderated.
Another negative sentiment comes from data release German unemployment and manufacturing are not as expected . " That's what makes silver continue to be depressed , " said Ibrahim .
Ibrahim Nizar and estimates , the price of silver in the foreseeable future will still decline . Technically , the stochastic indicator is in the area of 80 % negative and 20 % Bollinger bands above the lower Bollinger band . Indicator moving average ( MA ) 20 is above the lower Bollinger band and the relative strength index ( RSI ) 60 % in the negative area . All this indicates a pressure indicator .
Next week , Ibrahim suspect , the price of silver in the range of U.S. $ 26.288 - U.S. $ 27.385 per troy ounce . While the end kuartal-II/2013 in the range of U.S. $ 25.536 - U.S. $ 28.483 per troy ounce . Nizar projections , the price of silver to late - second quarter was at U.S. $ 24 -US $ 29 per troy ounce .
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