Gold prices just nudged above USD $1230 ahead of tonights payrolls

Jordan Eliseo

ABC Bullion

Gold prices just nudged above USD $1230 ahead of tonights payrolls. Mixed week data wise, with AiG numbers in Australia and services out of Europe and US ISM Non Manufacturing soft. China composite PMI drifted lower too. New homes sales in Australia were strong, whilst ADP private sector employment was well ahead of estimates. Gold has eased back past few days after a near USD $70 rally from Dec 31st, with shorts unwinding, and a few getting ahead of commodity index rebalancing. Certainly too early to call a change of trend, and would seem a bit too cute for it to happen at start of January. With a relatively slow start to the investing year, perfect time to share outlook for 2014 based on Bob Farrell's 10 rules of investing. Cover US 10 years, Equity CAPE, corporate earnings, Bitcoin, Aussie Property and Gold Enjoy (VIEW LINK)

1 topic

Jordan Eliseo
General Manager
ABC Bullion

Gold and precious metal bull since early 2000. Have spent +25yrs working in investment analytics, research & portfolio construction, with a primary focus on the role of precious metals in investor portfolios. Author of two books on investing in...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment