Gold and Silver Prices Advanced while Crude Oil Falls – USD Falls vs EUR and JPY in Forex Trading

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(Best Syndication News) Gold and silver prices were higher last week while light sweet crude oil and the dollar declined in value (see the futures and forex charts below). Low long-term interest rates are a mixed-bag for investors, as traders position themselves to take advantage of rate certainty.

World Economic News

The dollar slipped last week after the Federal Reserve announced their intention to keep their Federal funds target rate at historic low levels into late 2014. Many economists expect this policy to keep long-term Treasury rates lower, while boosting stock and commodity prices.

The U.S. Department of Commerce said that the Gross Domestic Product (GDP) increased at an annual rate of 2.8 percent in the fourth quarter of 2011. This was an “advance” estimate and is subject to revision. Economists expected a three percent rise in economic activity.

The European Union (EU) said that the M3 money supply increased 2.1 percent in the fourth quarter of 2011 (annual rate seasonally adjusted). This was in-line with economist expectations. The annual M3 growth rate decreased to only 1.6% in December 2011 from 2.0% in November 2011.

The 17-nation eurozone M3 money supply increased 1.6 percent in December (seasonally adjusted annual rate).

Precious Metals

February gold prices on the COMEX advanced another $5.50 (+0.32%) to $1,732.20 a troy ounce on Friday (see survey #2 chart below).

March silver added five cents (+0.14%) to $33.79 an ounce. The ratio between gold and silver expanded to 51.3.

Platinum added 0.41 percent while palladium lost 0.60 percent. Copper declined 0.32 percent.

Futures were lower on the Tokyo Commodity Exchange (TOCOM). Gold declined 16 yen (-0.37%) to ¥4,285 per gram. See the TOCOM chart below for our exclusive dollar conversions.

Energy Prices

March light sweet crude oil on the New York Mercantile Exchange (NYMEX) fell 14 cents (-0.14%) to $99.56 a barrel.

Brent crude oil on the Intercontinental Exchange (ICE) added $1.65 (+1.50%) to $111.46 a barrel. The difference between Brent and WTI expanded to $11.90 a barrel.

Heating oil and natural gas prices were both higher.

Currency Exchange Rates

The Swiss franc (CHF) and Japanese yen (JPY) were the big forex winners Sunday / Monday (see the cross chart below). The commodity currencies, like the Canadian (CAD) and Australian Dollar (AUD), were the losers.

The U.S. dollar (USD) declined against most major currencies (see the average dollar rate chart below). The USD slipped 0.44 percent vs the euro (EUR) and 0.08 percent vs the British pound sterling (GBP).

The greenback turned around versus the euro later in the day (see the intraday chart below). The USD/JPY hit 77.05, the EUR/USD hit 1.3102, the GBP/USD hit 1.5672, the CAD/USD hit 1.0037, the USD/HKD hit 7.7579, and the AUD/USD hit 1.0615.

By: Tom Madison
Business Reporter

TOCOM Chart with our exclusive dollar conversions:

1/27/2012 Tokyo Commodities Exchange One-Day One-Day Five-Day 30-Day 100-Day
Yen * Commodity Dollars ¥ Change % Change % Change % Change % Change
4,285 Gold (standard) $1,720.42 -16 -0.37% 3.88% 8.04% -7.65%
82.9 Silver $33.28 -1 -0.72% 5.87% 16.60% -21.94%
4,018 Platinum (standard) $1,613.22 -9 -0.22% 5.63% 11.89% -14.02%
1,705 Palladium $684.55 -29 -1.67% 1.67% 10.00% -11.61%
66,330 Gasoline $3.24 -300 -0.45% 1.30% 6.55% 6.14%
52,030 Crude oil $106.79 -510 -0.97% 0.93% 5.37% 0.95%
316.5 Rubber $1.85 -7 -2.13% 3.74% 13.93% -14.25%
51.69 Ratio Gold/Silver 0 0.35% -1.89% -7.34% 18.30%
* ¥ / gram kiloliter and kilogram PST - conversions to $ / ounce barrel or gallon

Survey #2 Settle Price Chart:

Friday Survey # 2 (BSNCOM2) One-Day One-Day 1 Week 30-Day 100-Day
1/27/2012 Energy and Metal Settle $ Change % Change % Change % Change % Change
2262.00 Aluminum 3-mo LME 0.00 0.00% 2.03% 11.84% -7.14%
111.46 Brent crude (not settled) 1.65 1.50% 1.46% 6.13% -0.77%
61.45 Coal 0.12 0.20% 3.54% -9.41% -18.77%
3.89 Copper HG -0.01 -0.32% 3.85% 18.62% -5.31%
99.56 Crude oil (WTI) -0.14 -0.14% 1.25% 4.86% 15.16%
2.20 Ethanol ZE CBOT 0.01 0.46% 3.05% 6.34% -24.03%
1732.20 Gold GC 5.50 0.32% 4.10% 9.16% -7.71%
3.07 Heating Oil (HO) 0.02 0.55% 2.74% 8.50% 2.44%
2.76 Natural gas NG HH 0.15 5.80% 17.63% -12.12% -28.82%
689.75 Palladium PA -4.15 -0.60% 2.16% 11.66% -11.76%
1620.40 Platinum PL 6.60 0.41% 5.89% 13.61% -14.03%
2.93 RB RBOB Gasoline 0.08 2.82% 5.11% 16.90% 3.07%
33.79 Silver SI 0.05 0.14% 6.68% 16.98% -21.46%
725.00 Steel Hot-Roll Coil -5.00 -0.68% -1.09% 7.41% 4.32%
52.25 UxC Uranium U3O8 0.00 0.00% -0.48% -0.95% 3.57%
1/27/2012 Averages and Ratios Change One-Day 1 Week 30-Day 100-Day
367.2 Average All 0.35 0.09% 3.47% 10.10% -8.58%
688.7 Metals Average 1.33 0.19% 4.42% 11.21% -10.96%
40.5 Energy Average 0.27 0.67% 2.03% 1.83% -1.26%
51.3 Ratio Gold/Silver Prices 0.09 0.18% -2.42% -6.69% 17.50%
-111.8 Difference Plat-Gold 1.10 -0.97% -16.38% -30.39% -1515.19%
1.07 Ratio Plat/Gold 0.00 -0.09% -1.69% -3.92% 7.35%
1.1 Ratio Brent / WTI Prices 0.02 1.65% 0.20% 1.22% -13.84%
$11.90 Difference Brent - CL 1.79 17.71% 3.21% 18.17% -54.02%

Average Dollar Rates;

Sunday Average Surveys 1 - 3 % Change Day % Change Wk % Ch 30-Day Ch 100-Day
1/29/2012 Average 1US$ = Currency Pos=$US Gain Pos=$US Gain Pos=$US Gain Pos=$US Gain
0.9473 Average Against Aussie 0.55% -0.55% -5.62% 0.38%
0.7598 Average Against Euro € -0.44% -1.05% -0.95% 6.86%
76.7625 Average Against Yen ¥ -0.28% -0.27% -1.54% -0.77%
0.6374 Average Against Pound £ -0.08% -0.84% -0.99% 1.96%
0.9164 Average Against Franc -0.51% -1.13% -2.40% 6.90%
1.0054 Average Against Canadian 0.19% -0.27% -2.61% 1.75%
Average 1Currency = US$ Pos=$US Loss Pos=$US Loss Pos=$US Loss Pos=$US Loss
1.0556 Average Against Aussie -0.54% 0.55% 5.96% -0.38%
1.3161 Average Against Euro 0.45% 1.06% 0.96% -6.42%
0.0130 Average Against Yen 0.28% 0.28% 1.57% 0.78%
1.5689 Average Against Pound 0.08% 0.85% 1.00% -1.92%
1.0912 Average Against Franc 0.52% 1.14% 2.46% -6.45%
0.9946 Average Against Canadian -0.19% 0.27% 2.68% -1.72%

Intraday Chart:

Green = $ UP Intra-Day Trend Green = $ UP
Red = $ Down 1/26/2012 Survey 5A Survey 5B Survey 5C Red = $ Down
From Previous Time PT 12:00 AM 6:00PM 9:30PM Intra-Day Average
-0.12% USD/JPY 77.47 77.37 77.05 -0.54% 77.297
0.02% EUR/USD 1.3109 1.3105 1.3102 -0.05% 1.311
0.22% GBP/USD 1.5696 1.5675 1.5672 -0.15% 1.568
-0.02% CAD/USD 1.0013 1.0023 1.0037 0.24% 1.002
-0.03% USD/HKD 7.7566 7.7581 7.7579 0.02% 7.758
-0.13% AUD/USD 1.0626 1.0618 1.0615 -0.10% 1.062
0.00% USD/CNY 6.333 6.333 6.333 0.00% 6.333

Cross Tables:

Survey 1 January 29 2012 6:00 PM
1 HKD 1 AUD 1 CAD 1 CHF 1 GBP 1 JPY 1 EUR 1 USD
USD $ 0.1289 1.0554 0.994 1.0909 1.5682 0.013 1.3154 -
EUR € 0.098 0.8023 0.7556 0.8293 1.1921 0.0099 - 0.7602
JPY ¥ 9.8855 80.935 7
align=
6.2268
83.6591 120.263 - 100.88 76.6895
GBP £ 0.0822 0.673 0.6338 0.6956 - 0.0083 0.8388 0.6377
CHF franc 0.1182 0.9674 0.9112 - 1.4375 0.012 1.2058 0.9167
CAD 0.1297 1.0618 - 1.0975 1.5777 0.0131 1.3234 1.0061
AUD 0.1221 - 0.9418 1.0337 1.4859 0.0124 1.2464 0.9475
HKD 8.1872 7.711 8.4628 12.1656 0.1012 10.2048 7.7578

One-Day Change:

Pos Means Top Currency Gained One Day Change January 29 2012 6:00 PM
Survey 1 1 HKD 1 AUD 1 CAD 1 CHF 1 GBP 1 JPY 1 EUR 1 USD
USD 0.000% -0.565% -0.221% 0.451% 0.038% 0.000% 0.374%
EUR € -0.407% -0.938% -0.605% 0.072% -0.343% 0.000% -0.380%
JPY ¥ -0.441% -1.011% -0.666% 0.003% -0.409% -0.069% -0.444%
GBP £ 0.000% -0.606% -0.268% 0.404% 0.000% 0.335% -0.031%
CHF -0.421% -1.013% -0.665% -0.416% 0.000% -0.075% -0.445%
CAD 0.232% -0.347% 0.670% 0.261% 0.769% 0.601% 0.229%
AUD $ 0.577% 0.341% 1.026% 0.609% 1.639% 0.948% 0.563%
HKD -0.573% -0.225% 0.446% 0.032% 0.497% 0.373% -0.003%

30-Day Change:

Pos Means Top Currency Gained 30- Day Change January 29 2012 6:00 PM
Survey 1 1 HKD 1 AUD 1 CAD 1 CHF 1 GBP 1 JPY 1 EUR 1 USD
USD 0.31% 6.70% 3.26% 3.98% 1.40% 1.56% 1.28%
EUR -0.91% 5.36% 1.94% 2.67% 0.11% 0.00% -1.26%
JPY -1.43% 4.81% 1.43% 2.14% -0.40% -0.51% -1.77%
GBP -1.08% 5.24% 1.83% 2.55% 0.00% -0.12% -1.38%
CHF -3.51% 2.61% -0.70% -2.50% -1.64% -2.61% -3.83%
CAD -2.77% 3.34% 0.71% -1.80% -1.50% -1.91% -3.15%
AUD -6.00% -3.24% -2.54% -4.98% -4.62% -5.08% -6.28%
HKD 6.34% 2.90% 3.63% 1.05% 1.50% 0.93% -0.34%

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