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lunedì 21 dicembre 2015

Bloomberg: Gold Gets Whipsawed as Traders Try to Gauge Rate-Increase Pace

Bloomberg - Gold Gets Whipsawed as Traders Try to Gauge Rate-Increase Pace
By Agnieszka De Sousa and Luzi-Ann Javier
The market has been “a bit schizophrenic” in reaction to the Fed’s decision to end an unprecedented era of ultra-easy monetary policy, said Chuck Jeannes, chief executive officer of Goldcorp Inc., the world’s most valuable miner of the metal.

Un capo esecutivo di Goldcorp dice che il mercato ha reagito in maniera un po' schizofrenica al rialzo dei tassi della Fed 

While higher borrowing costs cut the appeal of owning bullion, which doesn’t pay interest, traders and analysts surveyed by Bloomberg expect higher prices as policy makers stress a gradual approach toward further raising rates.

Anche se il costo del prendere denaro in prestito piu' alto toglie appeal al possedere bullion traders e analisti interrogati da Bloomberg si aspettano prezzi piu' alti (ah!)

“There’s a lot of volatility in the market,” said Maria Smirnova, a Toronto-based portfolio manager at Sprott Asset Management, which oversees C$7.4 billion ($5.3 billion). 
“We view this as an environment that is good for trading in and out. Unfortunately, it’s become difficult to invest in the mining names. 
It’s very difficult to buy and hold something for a long period of time.”

Alla Sprott dicono che la volatilita' del mercato e' buona per comprare e vendere piuttosto che per comprare miners e tenerseli in portafoglio

Bullion for immediate delivery advanced to $1,065.45 an ounce at 3:36 p.m. in New York

Per la memoria del blog, per chi dovesse finire a leggere questo post in futuro, ora l'oro sta a 1065 USD/oz

The 30-member Philadelphia Stock Exchange Gold & Silver Index slumped 5 .2 percent this week after posting the lowest settlement since 2000 on Thursday.

Lo XAU e' ai minimi dal 2000 (15 anni fa!)

"Gold is trading in line with aggregates such as the dollar, as battered investors try to understand the implications of the new era of the Fed rates for gold," Matthew Turner, an analyst at Macquarie Group Ltd. in London, said by phone. 
Bullion tends to move inversely to the dollar, which has strengthened this year as investors expected the U.S. central bank to start raising rates. The Bloomberg Dollar Spot Index, which tracks the currency against 10 major peers, lost 0.4 percent Friday to halt six days of gains.

.. l'oro tende a muoversi in correlazione negativa col dollaro USA .. 

Investors in gold-backed funds keep selling metal. Holdings in exchange-traded products dropped 4.9 metric tons on Thursday, the most in two weeks, to 1,458.2 tons, data compiled by Bloomberg show. That’s the lowest level in more than six years.

.. gli investitori continuano a vendere gli ETF in oro fisico, ora siamo a 1458 tonnellate, il minimo da 6 anni .. ecc.

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