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1. Precious Metals News 1st May 2012
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Hello Everyone!
It’s been a bit since the last newsletter from 11th March 2012 but the This week you’ll find:
precious metal markets have moved sideways, confirming technical levels
from where we can operate now. Markets: Update on
Gold and Silver
The announced article in the ‘Knowledge’ section: ‘Interest – the self (Page 1 to 2)
destructive component of the system’ takes much longer to put together
properly and I like to deliver the article as best as I’m able to explain as it’s
vital for everyone to understand – I apologise for not being able to deliver
in this edition but the article will be ready for the next newsletter.
For anyone who is in the process of deciding to buy we can say, the
precious metals, gold and silver are currently undervalued and the overall
picture presents a ‘buy’ – keep your focus on the long term.
We hope you enjoy reading this newsletter and find the information
helpful.
All the best, sincerely,
Stefan Kramer
Director
Markets: Update for the Gold Market
Gold continued to move sideways in the last weeks around the $1,630 to
$1,680 levels. Some funds sold positions as the gold price started to
decline towards $1,650 and India’s jewellers went on strike which in
addition affected the gold price a bit as India is the biggest importer of
gold. The strike is over that is good news.
On the technical side the gold chart shows some weakness falling for the
second time in the last 6 months below the 50 week moving average (blue
line in the chart on Page 2). A commodity moving below the 50 week
average usually shows technical weakness but with strong Central Bank
buying many experts such as Dan Norcini and John Embry believe the
Central Bank buying continues. The strangeness with Central Banks buying
gold is no one knows at the time; the info appears later but some experts
report China is one of the top buyers.
Find here a link to the Chinese Central Bank buying:
http://www.marketwatch.com/story/china-buying-gold-2012-04-12
Page 1 of 4
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Contact: info@celticgold.eu Phone: +44 20 8144 4339 CG IOM Ltd. Ramsey, Isle of Man
This information is for private use only. The opinions and views expressed are those of CG IOM Ltd. CG IOM Ltd. is a precious metals
dealer and is not a certified financial advisor. Before making an investment decision please consult a qualified financial professional.
2. Precious Metal News 1st May 2012
As stated in the last newsletter from 11th March gold has a strong support
in the $1,680/oz level, this level acts now as a resilience and gold needs
to close above this level to take out $1,800/oz.
The official support level according to Dan Norcini is $1,530 to $1,535
which gives us a wide trading range between the support at $1,530 and
the bigger resilience at $1,800 or $270.
This is nothing so unusual and reflects a bit of nervousness in the markets.
On the long run it doesn’t matter if you have bought at $1,500, $1,800
or $2,000 as long as you have protected your assets from the erosion of
purchasing power by Central Bank’s monetary policies.
This chart shows in
blue the 50 week
moving average.
The red lines indicate
the official support
levels.
Gold needs to close
above $1,680 to
continue further up to
$1,800 per ounce.
This chart shows a
zoomed in version: In
blue the resilience
levels on the short
term.
Page 2 of 4
_________________________________________________________________________________________________________________
Contact: info@celticgold.eu Phone: +44 20 8144 4339 CG IOM Ltd. Ramsey, Isle of Man
This information is for private use only. The opinions and views expressed are those of CG IOM Ltd. CG IOM Ltd. is a precious metals
dealer and is not a certified financial advisor. Before making an investment decision please consult a qualified financial professional.
3. Precious Metal News 1st May 2012
The message is, keep stocking up. The continuous manipulation can’t do Quote of the week:
much on the long term. Yesterday one trade of 7,501 contracts moved
gold down from 1,660 to $1,649. Keep in mind this is all traded paper- Whatever
gold and the manipulation will end soon. governments may be
telling us, the
But this is nothing new to our readers. Gold in itself shows a lot of strength intention is to
and presents a great buying opportunity but be aware of the $1,680 manipulate, not
resilience. inform, the citizenry.
Keep buying in small lots to average the price as we know how sharply Gerald Celente
gold may rise from the next caper that governments and central banks
come up with.
NEW: Free shipping for Europe in the web shop
Free shipping is now available for orders above 3,500 EUR/GBP and we
hope that helps everyone who wants to take opportunity in the coming
days before we see gold climbing again – check out latest prices and
availability on:
www.celticgold.eu .
Markets: Update for the Silver Market
Silver did not move much lower and shows relative strength trading
around $31 to $32/oz. As silver follows gold, keep buying in small
amounts but don’t put all of your available money into the market right
now.
-
Page 3 of 4
_________________________________________________________________________________________________________________
Contact: info@celticgold.eu Phone: +44 20 8144 4339 CG IOM Ltd. Ramsey, Isle of Man
This information is for private use only. The opinions and views expressed are those of CG IOM Ltd. CG IOM Ltd. is a precious metals
dealer and is not a certified financial advisor. Before making an investment decision please consult a qualified financial professional.
4. Precious Metal News 1st May 2012
CELTICGOLD: Our take on the financial markets
We at CELTICGOLD believe that a stratospheric rise of gold and silver
Preview for next
happens in the next few years. Government bailouts, billions and trillions
newsletter:
of dollars and euros of budget deficits at the expense of the taxpayer and
massive money printing by central banks will result in a collapse of the
Knowledge: Interest –
major currencies.
the self destructive
component of the
We at CELTICGOLD believe that one of the few ways to protect your
system
wealth from the coming economic chaos is through physical ownership of
the precious metals.
We at CELTICGOLD further believe that one can only make sound money
decisions with a basic knowledge of how the current monetary system
works. We invite everyone to gain knowledge and build a true view in
order to make investment decisions.
Page 4 of 4
_________________________________________________________________________________________________________________
Contact: info@celticgold.eu Phone: +44 20 8144 4339 CG IOM Ltd. Ramsey, Isle of Man
This information is for private use only. The opinions and views expressed are those of CG IOM Ltd. CG IOM Ltd. is a precious metals
dealer and is not a certified financial advisor. Before making an investment decision please consult a qualified financial professional.