Nineteen analysts and traders took

Nineteen analysts and traders took part in the Wall Street survey. Sixteen, or 84%, look for gold to rise next week. Two, or 11%, are bearish, while only one vote, or 5%, was neutral.

Meanwhile, 1,008 Main Street participants submitted votes in an online survey. A total of 691 respondents, or 69%, said they were bullish for the week ahead, while 200, or 20%, were bearish. The neutral votes totaled 117, or 12%.


For the trading week now winding down, the largest bloc in both the Wall Street and Main Street surveys called for gold to rise. They were right. As of 11:14 a.m. EDT, Comex December gold was up by $24.70, or 1.9%, for the week to $1,356.20 an ounce.

The Wall Street crowd, in particular, is on a roll, calling gold’s weekly direction correctly in nine out of the last 11 weeks since this reporter took over the survey. Main Street is 7-4 during this time.

Wall Street’s bullish vote for next week is by a larger margin than normal.

“Gold bulls have gained some near-term technical momentum,” said Jim Wyckoff, senior technical analyst with Kitco News.

Kevin Grady, president of Phoenix Futures and Options LLC, also looks for more strength.

“The GDP numbers (1.2% growth in the second quarter) came out and didn’t look too good,” he said. “The chances for raising interest rates…the rest of the year are actually very low. I think that’s going to be giving a floor to the price of gold.”

Bob Haberkorn, senior commodities broker with RJO Futures, looks for “much higher” after the most recent U.S. economic data.

“The disappointing GDP reading…and the fact that you had weaker durable-goods and weaker housing numbers this week (means) any talk that there was this past week of a rate increase in September or even in December is out the window at this point.”

Ira Epstein, director of the Ira Epstein division of Linn & Associates, also looks for more gains, pointing out that gold often rallies seasonally from early August into early September.

“The Bank of Japan and the Japanese government are at odds over how to handle stimulus,” he continued. “With Mr. (Prime Minister Shinzo) Abe winning the Japanese people’s confidence and his promise to stimulate the economy, I see the Bank of Japan having to come around to his way of thinking regardless of what Bank Governor (Haruhiko) Kuroda personally thinks. I look for fireworks when Mr. Abe speaks to the country next week and believe gold will benefit. If oil prices crack (below) the $40 level that is also likely to awaken some gold traders looking for a safe haven.”

Ralph Preston, principal with Heritage West Financial, is among those who anticipate a pullback in gold.

“The market’s inability to close above (the) $1,362 daily closing high for July hints that prices will search out support,” he said.

Henry To, analyst at CB Capital Partners, was the lone vote for a sideways market, citing the steep rises that have already occurred in the precious metal. On the one hand, he sees potential for U.S. dollar strength as markets assess Bank of Japan monetary policy and stress tests for European banks.

“At the same time, both Japanese and European investors should flock to gold for capital preservation and safe-have purposes as well,” he continued. “Upward pressure on gold, however, should be minimal given the huge rally it’s had in 2016 already.”

Kết quả (Việt) 1:

Mười chín các nhà phân tích và các thương nhân tham gia khảo sát tường đường phố. Mười sáu hoặc 84%, tìm vàng tăng tuần tiếp theo. Hai, hay 11%, được hướng giảm, trong khi chỉ có một cuộc bỏ phiếu, hoặc 5%, trung lập.Trong khi đó, những người tham gia 1.008 Main Street gửi phiếu trong một cuộc khảo sát trực tuyến. Tổng số là 691 người trả lời, hay 69% cho biết họ đã tăng trong tuần trước, trong khi 200, hay 20%, được hướng giảm. Trung lập phiếu đạt 117, hoặc 12%. Trong tuần giao dịch bây giờ uốn lượn xuống, khối lớn nhất trong cuộc điều tra của phố Wall và Main Street được gọi là cho vàng tăng lên. Họ đã đúng. 11:14 sáng EDT, Comex ngày vàng đã lên bởi $24,70 hoặc 1,9%, trong tuần tới $1,356.20 một ounce.Đám đông Wall Street, đặc biệt là trên một cuộn, kêu gọi của vàng lượt hướng một cách chính xác trong chín trong số 11 tuần qua kể từ khi nhà báo này đã qua các cuộc khảo sát. Main Street là 7-4 trong thời gian này.Phố Wall tăng phiếu bầu cho tuần tiếp theo là bằng lãi lớn hơn so với bình thường."Vàng bò đã đạt được một số Đà kỹ thuật nhiều," ông Jim Wyckoff, phân tích kỹ thuật cao cấp của Kitco News.Kevin Grady, tổng thống tương lai Phoenix và tùy chọn LLC, cũng tìm kiếm sức mạnh hơn."Những con số GDP (1,2% tăng trưởng trong quý II) đến ra và đã không nhìn quá tốt," ông nói. "Những cơ hội cho việc tăng lãi suất... phần còn lại của năm là thực sự rất thấp. Tôi nghĩ rằng điều đó sẽ đưa ra một sàn để giá vàng."Bob Haberkorn, senior commodities broker with RJO Futures, looks for “much higher” after the most recent U.S. economic data.“The disappointing GDP reading…and the fact that you had weaker durable-goods and weaker housing numbers this week (means) any talk that there was this past week of a rate increase in September or even in December is out the window at this point.” Ira Epstein, director of the Ira Epstein division of Linn & Associates, also looks for more gains, pointing out that gold often rallies seasonally from early August into early September.“The Bank of Japan and the Japanese government are at odds over how to handle stimulus,” he continued. “With Mr. (Prime Minister Shinzo) Abe winning the Japanese people’s confidence and his promise to stimulate the economy, I see the Bank of Japan having to come around to his way of thinking regardless of what Bank Governor (Haruhiko) Kuroda personally thinks. I look for fireworks when Mr. Abe speaks to the country next week and believe gold will benefit. If oil prices crack (below) the $40 level that is also likely to awaken some gold traders looking for a safe haven.”Ralph Preston, principal with Heritage West Financial, is among those who anticipate a pullback in gold.“The market’s inability to close above (the) $1,362 daily closing high for July hints that prices will search out support,” he said.Henry, nhà phân tích tại CB Capital Partners, đã bình chọn duy nhất cho một thị trường nghiêng, trích dẫn các tăng dốc đã xảy ra trong kim loại quý. Một mặt, ông nhìn thấy tiềm năng cho sức mạnh đồng đô la Mỹ là thị trường đánh giá chính sách tiền tệ ngân hàng Nhật bản và các bài kiểm tra căng thẳng cho các ngân hàng Châu Âu."Cùng lúc đó, nhà đầu tư Nhật bản và châu Âu nên đổ xô đến vàng cho bảo quản vốn và Két an toàn có mục đích là tốt," ông tiếp tục. "Các áp lực trở lên về vàng, Tuy nhiên, nên tối thiểu cho các cuộc biểu tình lớn, nó đã có trong năm 2016 đã."