U.S. Home Sales Down. Uncertainty will continued U.S. economic recovery and worries over the fiscal cliff seems able to prevent the continued improvement of the housing sector. It can be seen from home sales (new home version), which fell 7.3% to 369,000 for the month of December 2012; less than the predictions of 385 000 and 398 000 revision before publication. Dow Jones futures seen trouble maintaining gains after the data was released. Dow is now trading 13 789, try to avoid high levels of daily 13 824.
China Starting Glancing Silver As Investment Facility
It is undeniable if silver looks began to attract the attention of investors, especially from China. His interest was sparked bullish silver and inflate prices to near record highs. "The demand for investments that drive the price of silver today, not the needs of the industry," said Mark Thomas of SilverPriceAdvisor.com. "Demand for global investment actually increased." "Currently, the Chinese prefer to buy silver than gold that has been deemed too expensive since 2011. Silver much more affordable," added Thomas. Not only does it look more bright, bullish silver is also able to outperform gold.
Based on the New York Mercantile Exchange's Comex, silver futures prices have gained more than 5% this year, which is inversely proportional to the 0.4% decrease in gold. Some analysts are optimistic even if the price of silver will be able to print a record high in 2013. While gold prices sit at around $ 1670/oz today, the silver price is just under $ 32/oz obviously makes it more affordable for people.
Positive signal to the investment demand for silver also came from the United States Mint, which reports if the stock of American Eagle Silver Bullion coins have been sold at the beginning of 2013, the sales force is suspended until 28 January. Data from ETF Securities also shows if the global silver holdings until January 18 has reached 600 million ounces, an increase of more than double by the end of 2008.
Sturdy Oil Along The Economic Improvement
Oil heading seventh weekly gain in New York, this is the longest rally in almost four years, on speculation that strong economic growth will boost demand for oil. Crude oil rose for the sixth time in seven days as the euro strengthened against the dollar after the European Central Bank said that the bank will return back most loan than what analysts forecast data and German business confidence rose for the third time in January. Meanwhile, U.S. oil demand increased in the last week and it is the highest this month, indicated by data from the government yesterday.
"German confidence figures are very good and it indicates that the economy is improving," said Michael Lynch, president of Strategic Energy & Economic Research in Massachutes. "We have a good outlook on the economy and many people predict will rise rapidly and the growth of the high demand for oil . "
China Starting Glancing Silver As Investment Facility
It is undeniable if silver looks began to attract the attention of investors, especially from China. His interest was sparked bullish silver and inflate prices to near record highs. "The demand for investments that drive the price of silver today, not the needs of the industry," said Mark Thomas of SilverPriceAdvisor.com. "Demand for global investment actually increased." "Currently, the Chinese prefer to buy silver than gold that has been deemed too expensive since 2011. Silver much more affordable," added Thomas. Not only does it look more bright, bullish silver is also able to outperform gold.
Based on the New York Mercantile Exchange's Comex, silver futures prices have gained more than 5% this year, which is inversely proportional to the 0.4% decrease in gold. Some analysts are optimistic even if the price of silver will be able to print a record high in 2013. While gold prices sit at around $ 1670/oz today, the silver price is just under $ 32/oz obviously makes it more affordable for people.
Positive signal to the investment demand for silver also came from the United States Mint, which reports if the stock of American Eagle Silver Bullion coins have been sold at the beginning of 2013, the sales force is suspended until 28 January. Data from ETF Securities also shows if the global silver holdings until January 18 has reached 600 million ounces, an increase of more than double by the end of 2008.
Sturdy Oil Along The Economic Improvement
Oil heading seventh weekly gain in New York, this is the longest rally in almost four years, on speculation that strong economic growth will boost demand for oil. Crude oil rose for the sixth time in seven days as the euro strengthened against the dollar after the European Central Bank said that the bank will return back most loan than what analysts forecast data and German business confidence rose for the third time in January. Meanwhile, U.S. oil demand increased in the last week and it is the highest this month, indicated by data from the government yesterday.
"German confidence figures are very good and it indicates that the economy is improving," said Michael Lynch, president of Strategic Energy & Economic Research in Massachutes. "We have a good outlook on the economy and many people predict will rise rapidly and the growth of the high demand for oil . "
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