{"id":61575,"date":"2013-03-28T10:02:45","date_gmt":"2013-03-27T23:02:45","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2013\/03\/28\/cyprus-and-gold\/"},"modified":"2013-03-28T10:02:45","modified_gmt":"2013-03-27T23:02:45","slug":"cyprus-and-gold","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2013\/03\/28\/cyprus-and-gold\/","title":{"rendered":"Cyprus And Gold"},"content":{"rendered":"
\n\tBy Jonathan Barratt<\/span><\/div>\n
\n\t
\n\tIt has been interesting looking at gold’s reaction to the Cyprus news. Initially, we saw an aggressive sell-off as investors uttered a sigh of relief. However, on future analysis we can see that a deal like that of Greece will cause more pain and suffering on the people of Cyprus. As such gold recovered most of its losses and closed the day on highs. The Cyprus deal really looks to cement the power base of those heading the ECB<\/span> regardless of the pain Cypriot patriarchs will have to live through.<\/div>\n
\n\t <\/div>\n
\n\tIt will be interesting to see how they react when banks will re open there doors after ten days. Many are expecting a run on the banks as people look to secure their cash. As this scenario starts to unfold, other nations, we feel, will start to question the safety of their deposited funds with banks. Potential exists for those border-line countries to expect more withdrawals as people start to realize that their funds are not safe should any crisis deepen. Gold as a result will reemerge as an attractive alternative. Which, like the inflationary pressure mentioned last week, would continue to present a good fundamental picture for the metal.<\/div>\n
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\n\t\t\tWe continue to hold onto the metal. Stops can be placed below the low of Monday night at US1590<\/span>.<\/p>\n

\n\t\t\tOn silver we still wait for a clear break above US29.30 which potentially opens the way for further gains.<\/p>\n

\n\t\t\tChart Point –  Gold:<\/u><\/strong><\/p>\n

\n\t\t\tTechnically, the picture for gold remains positive. As we have bounced off the low at US1590, and held US1600 the potential for a test to the topside US1640 is well on the cards. This is our preferred position. Momentum indicators remain supportive the metal.  We still like the technical picture for the metal.<\/p>\n

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\n\t <\/div>\n
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\n\t\tEdited by Jonathan Barratt, Barratt's Bulletin is a weekly subscription newsletter that provides expert analysis of commodity markets, global indices and foreign exchange movements. Click here <\/a>to take a no obligation 21-day trial to Barratt's or to learn more visit www.barrattsbulletin.com<\/a>. Content included in this article is not by association necessarily the view of FNArena (see our disclaimer).<\/em><\/div>\n<\/div>\n

\n\t\"\"<\/p>\n

\n\tThis report is not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, products, securities or investments. This report does not, and should not be construed as acting to, sponsor, advocate, endorse or promote products or any other products, securities or investments. This report does not purport to make any recommendations or provide any investment or other advice with respect to the purchase, sale or other disposition of products, securities or investments, including, without limitation, any advice to the effect that any related transaction is appropriate for any investment objective or financial situation of a prospective investor. A decision to invest in securities or investments should not be made in reliance on any of the statements in this report. Before making any investment decision, prospective investors should seek advice from their financial advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.<\/i><\/p>\n

\n\tFind out why FNArena subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Jonathan Barratt of Barratt’s Bulletin discusses the influence on gold of run-on-the-banks fears developing in Europe.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[22],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/61575"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=61575"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/61575\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=61575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=61575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=61575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}