"TAP não sobrevive se se mantiver pública", garante Pinto Luz

[valves]

O ouro é como é sabido é um metal cujo valor varia positivamente com os seguintes factores :

- Expectativas Inflacionistas

- Desvalorização monetaria ( particularmente do Dolar )

- Bear no mercado de capitais

- Aquisição por parte dos bancos centrais com o intuito de reforçar as reservas de valor.

Agora toca a pensar porque é que o Ouro estará a subir já que se lhes dissesse já tudo não tinha piada nenhuma ...

Um abraço

Vasco

[mcarvalho]

Gold dips in Europe, broad uptrend seen intact

29/03/2004 12:01

LONDON, March 29 (Reuters) - The price of gold eased in Europe on Monday after hitting a 10-week high on Friday on global security worries but some analysts said it could be building momentum for a tilt at the 15-year high of $430.50 touched on January 6.

"The market is very slow after all the shenanigans of last Friday, you would think we could come back to the $418.00 area," one dealer said.

Gold was quoted at $421.00/421.50 by 1108 GMT, down from $422.25/422.75 last quoted in New York. Fund buying lifted gold to $422.80 on Friday, its highest since January 14.

Gold is almost nine percent up from its March 3 low of $387.60, and just under $10 below the January 6 peak.

Global security concerns following deadly bombings in Madrid and Middle East tensions in recent weeks have loosened gold's link with currencies and encouraged investors to buy the precious metal as portfolio insurance.

However some analysts injected a note of caution into optimism on gold's rise, due to a leap in fund buyers' exposure to bullion on the New York COMEX futures market -- prompting fears of a sell-off.

The net speculative long positions in COMEX gold rose to 102,511 contracts as of March 23 from 62,479 on March 16, Commitments of Traders data showed on Friday.

"It is ironic that the day that (Commitments of Traders) COTR and open interest data suggests that the net long position in gold is at an all-time high, the euro falls (albeit briefly) through the lows of the year," UBS Investment Bank metals analyst John Reade said.

"We believe that risk aversion buying has been a major factor (in gold rising), together with momentum traders jumping on the bandwagon. If it were not for our view that the dollar will continue to weaken, we would be getting very nervous about the near term outlook for gold," he added.

The euro was quoted at $1.2123 against the dollar after touching a low of $1.2050 earlier. A weaker U.S. currency makes dollar-priced gold less expensive for holders of other currencies such as the euro and the yen.

Russian metals giant Norilsk Nickel took a bold step outside its homeland on Monday, buying a stake in the world's fourth biggest gold miner, Gold Fields Ltd from miner Anglo American Plc . Analysts didn't expect the move to have an impact on the gold price.

In other precious metals, silver eased to $7.63/7.66 from $7.70/7.72 last quoted in New York. The metal touched a fresh six-year peak of $7.76 on Friday as the funds bought silver on the back of gains in gold.

Palladium dipped slightly to $280.00/285.00 from New York's last quoted level on Friday of $282.00/287.00.

Platinum also dropped to $902.00/907.00 from $907.00/912.00 previously.



((For related news and prices, click
on the codes in brackets:
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gold/silver palladium
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RELATED NEWS AND OTHER TOPICS

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SPEED GUIDES




((Reporting by Veronica Brown; editing by Tony Austin;
email:veronica.brown@reuters.com; Reuters Messaging:
veronica.brown.reuters.com@reuters.net; Tel + 44 20 7542 7744))





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[Scubawarrior]

.....que a maioria dos investidores ignoram o mercado do OURO quando os 2 índices de empresas mineiras cotadas nos EUA deram nos últimos 3 anos 250 e 450%(hui e xau).

Resposta: porque o Ouro ainda está numa fase inicial do seu Bull(este ao contrário dos nasdaq sobre há 4 anos), fase essa suportada por descrença nas subidas.



cumps

[Scubawarrior]

Reaparem como o Ouro tem feito o seu caminho:

- mesmo com o dólar a subir e em máximos dos últimos tempos.

- o Ouro fecha a semana em máximos!

O meu verdadeiro BULL amigos!!!


Cumps