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About the Company
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Partnership
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Analysis |
Return Analysis
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World Financial Market Summary as of March 19th, 2008.
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The reduction of the rates by the USA FRB by 75 basis points has not resulted in a further weakening of the dollar.
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Gold. The reduction of the rates by the USA FRB has not resulted in a further weakening of the dollar. With a short high of 1,033 dollars per ounce, gold was gradually dropping in price, but today the prices have just crashed by over 30 dollars - from 998 to 966 dollars per ounce. So far all thats within the previous summary, though the decline is stronger, not to the middle range of 960-1,000 dollars per ounce, but to its lower limit. The further events are connected with profit taking, which may drop the price to 954 dollars per ounce. The long-term purchases shall be avoided. At least, a rapid movement of the price range of 926-930 dollars per ounce may result ins a share rebound, but the growth is not likely to last. Silver. The double peak in the day graphs resulted in profit taking and the price drop to 19.20 dollars per ounce. The purchases from this level are holding the rate above 19 dollars per ounce, But it breakthrough down is obviously inevitable. The next levels are 18.80 and 18.50 dollars per ounce. Crude oil. The scenario described in last summary for crude oil was completely realized. Having reached 107 dollars per barrel on Friday, the rate started declining on Monday and dropped to 99.8 dollars per barrel. Purchases followed and yesterday the mark of 106 dollars per barrel was tested. The current rate is 103.3 dollars per barrel. A drop to 100 dollars per barrel or lower is possible till the end of the week.
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© Copyright "CGC" 2008
Created web000@mail.ru 2007 |
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