What to Make of Apple's 31% Decline & Will Gold Remain Supported? -- City Index UK
(firmenpresse) - LONDON -- (Marketwire) -- 01/23/13 -- : What to make of Apple's 31% decline over the last five months against equity indices' resilience near five-year highs? And will gold remain supported by the mercy of central bankers?
Markets' expectations of further asset purchases by the leading central bank have transformed into a three-consecutive weekly rally in gold -- not seen since September. Gold's overall showing against the 11 currencies has fared weaker than any of the prior five years. It ended 2012 higher against all major currencies.
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As we said in . Technically, the 100-week moving average continues to provide remarkable support -- from $1527 in May to $1626 in January. The more challenging part is capturing (and timing) the upside. Considering the three-month trendline resistance near $1700, we find the improving stochastics to carry sufficient momentum in breaking above the trendline and extending gains towards $1750s, before a possible retest of $1780s.
have been underlined by a flood of new product launches, which failed to keep the aggressive rates of the early releases of iPad & iPhone. The worst of both worlds emerged when concerns about insufficient supply of iPhone 5 and iPad mini overlapped with reports of slowing demand. Wednesday's earnings release is expected to show $13.34 per share from the prior $13.87/share, which would be an unusual y/y decline. by .
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Datum: 23.01.2013 - 05:13 Uhr
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