The gold price is set for its largest one-day rise since mid-December, boosted by a rise in the euro against the dollar.

Originally from Mineweb - Daily news headlines

Gold imports by India plunged 55% in December 2011 and 75% in November 2011; traders say reduced purchases by consumers during Q1 2012 could further weaken gold prices.

Originally from Mineweb - Daily news headlines

Talking Points

Crude Oil Poised to Follow Stocks Higher Amid Recovery in Risk Appetite
Gold May Fall Despite Dollar Weakness as FOMC Minutes Weigh on QE3 Bets

WTI Crude Oil (NY Close): $98.83 // -0.82 // -0.82%
Prices are probing above the $100/barrel figure in Europe as a recovery in risk appetite that began in Asia continues following better-than-expected Swiss and UK Manufacturing PMI figures. The focus now turns to the analogous US ISM gauge, where forecasts suggest factor-sector growth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Originally from DailyMarkets.com

They say a picture is worth a thousand words, one needs look no further than the chart below for that.

It’s a great example in the event that the market tops out and how to protect oneself and more importantly how to profit from that should it occur.

Originally from The Market Oracle

On holidays this week has definitely been interesting. The new term for investing in today's market should be coined “Volatility Investing”. Since most trading is done by computers with complex algorithms that when their stops are hit, cause mass liquidation. For this reason, everyone should know that the expected move expected in 2012 is going to be finite in price and time, not “To Infinity and Beyond”. When I first made the observation that the markets were following a Contracting Fibonacci Spiral, my first thoughts were that something must be overlooked in my mind. Further thinking on this topic over the past six months just makes one realize the entire Universe runs on mathematical principles at many levels and under different conditions...the collective human psyche is just another example.

Originally from The Market Oracle

HONG KONG (MarketWatch) -- Indian gold imports were down sharply in the October to December period from a year earlier, traditionally India's busiest period of gold buying, according to the head of India's leading gold bullion body, with high bullion prices putting a damper on buying. Imports for the quarter were down 56% from the year-earlier period, with 125 tons imported during the period, according to a Reuters report Monday, which cited Bombay Bullion Association President Prithviraj Kothari. Kothari was also cited as saying imports in the fourth quarter were down sharply from the prior quarter, with some Indian investors taking advantage of high prices to sell their holdings. The gold price hit a record $1,920.3 per ounce in September on international markets, ending 2011 with a 32% gain in local Indian currency terms, aided by a 16% drop in the rupee against the U.S. dollar during the year.

Originally from MarketWatch

Jim Rogers believes investors are currently a little too bearish on the euro and that gold is overdue for a correction but,he remains bullish on commodities in general.

Originally from Mineweb - Daily news headlines

According to faulty interpretations of Mayan calendars, 2012 is supposed to bring with it the demise of humanity. Fortunately for us, this apocalyptic myth, like so many, is based on a superficial interpretation of the Mayan calendar. Like many stories based on a lie, this one nonetheless gains traction in the popular imagination thanks to our fascination with anything apocalyptic.

Originally from The Market Oracle

Chris Vermeulen shows you what is next for stocks, gold, silver, oil and the dollar index. Depending on your trading abilities you will see this as huge opportunity or very sobering video.

Originally from The Market Oracle

While gold completed its 11th consecutive annual gain, views on how the yellow metal is placed for 2012 are becoming increasingly divergent

Originally from Mineweb - Daily news headlines