Gold Outlook 2006

Discuss Gold Outlook 2006 at the Metals within the; The latest rally in gold's five-year bull-run may run out of steam once the metal ...

Go Back > THE MARKETS > Commodities > Metals

Metals Discuss Gold, Silver, Platinum and other metals here.

Thread Tools
Old 19th January 2006, 03:07 PM
Join Date: Jan 2005
Posts: 19
Thanks: 0
Thanked 0 Times in 0 Posts
Pradeep Unni is on a distinguished road
Default Gold Outlook 2006

The latest rally in gold's five-year bull-run may run out of steam once the metal approaches US$570 an ounce. With the spot price reaching US$564.40, its highest since early 1980.

With Tuesday's (17th jan2006) gains, the price of gold has risen 15%, or US$74, in less than a month as investors seek to hedge against a weakening U.S dollar, inflation concerns built around high energy prices and emerging financial imbalances in general.

Adding fuel to the current steep run-up are growing concerns over Iran's nuclear ambitions and possible bird flu pandemic given gold's traditional safe haven status. All this has been happening at a time when commodities are evolving into a mainstream asset class amid rumors that several central banks are buying bullion to diversify foreign reserves. There have also been concerns that the U.S Federal Reserve won't raise interest rates as much as previously thought, making the U.S dollar a less attractive investment option. Other precious metals have also soared to cyclical highs on gold's coattails, with silver hitting an 18-year high US$9.30 this week. Platinum is in all-time high overnight of US$1,051.50. While there is little sign of a change in the investment climate supporting precious metals, some analysts warn the dizzying trajectory of gold's recent run-up and its chart patterns suggest the market is approaching a short-term peak. Resistance Likely Around $565-$570/Oz.
The fundamental arguments are still quite persuasive for gold but from a technical point of view, as we get up toward US$565-570, we might see a situation where the market pauses for breath.

BUT that’s not that easy….There are more BULLS in the market than BEARS. “Gold's ability to puncture the major Fibonacci retracement at US$562.75 on Comex is a positive sign and means gold will probably test the monthly channel resistance line near US$569

A break of US$569 could spark rapid gains toward the former major pivot area of US$600-612, but more likely would see a few months of consolidation above the former monthly channel resistance line at US$503.80. The strategy should be to buy the dips when those corrections occur.

STRATEGY: International gold: Buy Gold at 547 levels, with a stop loss of 532 and targeting $570 / oz
: MCX gold BUY (FEB’06) at 7885 levels, with a target of 8030

Pradeep Unni
9867 422279


Reply With Quote
Old 24th January 2006, 06:51 PM
Join Date: Jan 2006
Posts: 14
Thanks: 0
Thanked 0 Times in 0 Posts
vinayvpl is on a distinguished road
Question Re: Gold Outlook 2006

Dear Pradeep,
The article is really comprhehensive and fact filled.

However, i just have come across a fact that is common in aritcles on gold outlook recently that is every one is racking the buyers,buying quantum,reasons for the bulilsh outlook of goldetc..,

But where is supply data, i mean to say where can i get data by what quantity johannesburg(SA) gold producers or australian gold producers are intending to raise their production in response to bullish outlook on gold, or when are the bullion houses of US,UK are intending to book their profits at or what are the dubai and indian gold stockers saying and are these going to have any impact on gold prices.

And in the light of these things will the gold really see the heights($1000 as some survey on a US site is popping) its predicted to see.

please take time to reply to this small query of mine
Reply With Quote
Old 31st January 2006, 02:31 PM
Join Date: Jan 2006
Posts: 8
Thanks: 0
Thanked 0 Times in 0 Posts
bullionbears is on a distinguished road
Default Re: Gold Outlook 2006

hi pradeepunni,

its really superb that u gave an elaborate trend on gold. fine but now gold has reached another histoic high of 575$ in the futures april contract. as my point of view gold could consolidate around $544 if it closes down at this level further it will fell upto $ i rightr Mr. pradeep unni
Reply With Quote
Old 28th March 2006, 04:39 PM
Join Date: Jul 2005
Posts: 26
Thanks: 0
Thanked 0 Times in 0 Posts
superkap is on a distinguished road
Default Re: Gold Outlook 2006

Hi, please read the article posted by Saint elsewhere in this forum:

The historic high has been in 1980 when gold went above $1600, and stayed above $600 for nearly a decade thereafter. Seniors, please correct me if I am wrong or off.

I am quoting from Business Line article today: "at every dip in price there is evidence of buying interest. No wonder, the market looks well supported at around $545/oz and is largely seen as consolidating."


Reply With Quote


Advertise Here

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads for: Gold Outlook 2006
Thread Thread Starter Forum Replies Last Post
Spices outlook 2006 kaushal Softs 5 24th February 2006 02:33 PM
Metal Sector Outlook 2006 kaushal Metals 3 19th January 2006 02:57 PM
Oilseeds Outlook Pradeep Unni Grains 2 30th December 2005 05:47 PM

All times are GMT +5.5. The time now is 04:20 PM.

Indemnity, Disclaimer & Disclosure Notice:
• By visiting you automatically indicate that you agree to our Forum Rules, Indemnity, Disclaimer & Disclosure Notice and General Content Disclaimer Notice and indemnify, its associates and related parties of all claims howsoever resulting from the usage of the forum/site.
Disclaimer: Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. You are recommended to make appropriate enquiries and seek appropriate advise before sending money, incurring any expenses, acting on recommendations or entering into any commitment in relation to any advertisement published here. does not vouch for any claims made by the advertisers of products and services. will not be held liable for any consequences in the event such claims are not honoured by the advertisers. will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of any information by anybody mentioned anywhere on this site.
Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, cannot determine the accuracy or legality of any information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Although we constantly delete all irrelevant content and/or SPAM, if you should find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.

Copyright © 2001 - , All rights reserved.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70