Another state follow Kelantan : 'Gold bugs' have their way in Utah

Another state follows the Kelantan state adopting Gold and Silver as Legal tender. Suprisingly, the state is not in Malaysia, but in the land of the Capitalist US, UTAH.
Read more below .
Apprehension about the state of the U.S. economy in general and the dollar in particular prompted the state of Utah to recognize gold and silver coins as legal tender.The Wall Street Journal reports governor Gary Herbert signed the law late last month that is supported by "gold bugs," or supporters of wider acceptance of the precious metals as legal tender."The intent would be to see where a gold or silver coin is valued at its market value instead of its face value," according to Brad Galvez, a Republican state legislator who presented the bill. "This allows the people of Utah to protect their assets against what we're seeing in inflation and the devaluation of the dollar."But finance professor Steve Wyatt of the Miami University of Ohio said distrust for and suspicion of the U.S. central bank also influenced support for the legislation."What's really happening here is that this is the consequence of people becoming more concerned with extreme monetary expansion on the part of the Fed," said Wyatt of the Farmer School of Business.

Kejatuhan harga Emas : Kerugian ataupun satu peluang Keemasan?

Salam semua.

Ramai yang dah mula goyah hati melihatkan kejatuhan harga emas dalam 2 minggu ni.

Pada pandangan saya, kejatuhan harga ni adalah satu perkara yang normal dan biasa dalam pergerakan harga emas. Terlebih dahulu saya minta maaf kerana saya bukannya seorang ahli ekonomi atau ahli nujum. Kalo ahli nujum pon mungkin nujum pak belalang :).

Okeh mari kita tengok pergerakkan harga emas dari tahun 2005.

Kalo and perhatikan, harga paling rendah adalah pada bulan 1,2 dan harga paling tinggi adalah bulan 11,12 setiap tahun kecuali pada tahun 2008 (Kegawatan Ekonomi Global) dimana hanya pada tahun itu sahaja yang mencatatkan pertumbuhan negatif harga emas.

Kalo diteliti trend pergerakan harga emas setiap tahun, pada awal tahun harga emas adalah terendah, sehingga pertengahan tahun harga emas akan mendatar (kdg2 kayuhan naik perlahan) dan pada penghujung tahun harga emas akan memecut laju.

Ketika post ni ditulis, harga emas 1333USD/Oz berbanding harga tertinggi 2010 1420USD/Oz. Jadi disini anda dihidangkan satu peluang yang boleh saya katakan hanya datang setahun skali untuk anda mengaut keuntungan pada hujung tahun nanti .Dgn kiraan purata 30% kenaikkan dan harga awal tahun sekitar 1300 USD, harga emas boleh mencapai ~1700USD/Oz pada penghujung tahun nanti. Terpulang kpd anda untuk membuat keputusan.

2010 terendah (Feb) ~1050USD/Oz
tertinggi (Mar)~1420USD/Oz

anggaran % perbezaan tingi dan rendah 35.2%

2009

terendah (Jan) ~810USD/Oz
tertinggi (Dec)~1220USD/Oz
anggaran % perbezaan tingi dan rendah 50.6%

2008

terendah (Oct) ~710USD/Oz
tertinggi (Mar)~1010USD/Oz

anggaran % perbezaan tingi dan rendah -29.7%

2007

terendah (Jan) ~610/Oz
tertinggi (Nov)~840/Oz
anggaran % perbezaan tingi dan rendah 37.7%

2006

terendah (Jan) ~525/Oz
tertinggi (May)~725/Oz

anggaran % perbezaan tingi dan rendah 38%

2005

terendah (February) ~410/Oz

tertinggi (December)~540/Oz

anggaran % perbezaan tingi dan rendah 31.7%

*penulis tidak mempunyai sbrg degree dalam ekonomi atau tilik menilik. Pemerhatian dibuat berdasarkan pemahaman dan penilitian data yang ade sahaja.Keputusan untuk melabur ditangan anda*

Gold Forecast 2011; It starts with a New Year's Rally : Gary Wagner

Here below are some interesting forecast for GOLD in 2011 written by Gary Wagner at Kitco.

A Decade for Gold

This decade will come to be known as the “Gold Rush” of the twenty first century, well at least the beginning of it! Gold compared to almost all other investments, outperformed brilliantly this decade. From a low of 255 per ounce to 1431, gold returned over 550 % in the past ten years. It took six years for gold to double from 250 to 500. It took only three years for gold to double from 500 to 1000. As we close out this decade we are at 1400. We have also been doubling the angle of accent. We are at a 45 degree climb as we bring in 2011. Can gold double again in 18 months? I do not think it is possible, but it would not be an impossible feat. Chart 1 (below) a monthly gold chart shows how the bullish trend has greatly accelerated. Gold has become the new “Currency of Choice”.

Chart 1

A New Year’s Rally
What could be a better way to end this decade than with a New Year rally. It is my belief that this current rally which began this week is the start of a new bullish run which will take gold to new highs. By March of 2011 gold could be trading as high as 1473, my current target for this wave. Chart 2 below, is a daily candle chart with my Elliot Wave count and most recent projections.

If gold continues to rise in value at this present speed we could see gold trade as high as 1600 dollars per ounce by the first half of 2011. In the last 5 months alone, we have seen a twenty three percent rise from 1150 to 1431. What will gold prices look like in 2020? It is not hard to imagine 2000 or even 3000 dollar gold by then. Only time will tell, but I think the gold rush has just begun. I think this party will last well into the next decade

Gary S. Wagner has been a technical market analyst for twenty five years. He is the executive producer of the daily video newsletter “The Gold Forecast”. He is the Co-author of “Trading Applications of Japanese Candlestick Charting”. A frequent writer for Technical Analysis of Stocks & Commodities magazine, he also Co-developed “The Candlestick Forecaster” software application for market forecasting.