Gold held gains in Asia on Monday with investors noting heightened geopolitical tension as Saudi Arabia said at the weekend it would cut diplomatic ties with Iran, but copper fell sharply on a weak Caixin manufacturing survey.

The move followed a weekend storming of the Saudi embassy in Tehran in response to the kingdom's execution of a prominent Shiite cleric.


Gold for February delivery on the Comex division of the New York Mercantile Exchange gained 0.28% to $1,063.20 a troy ounce. Also on the Comex, silver futures rose 0.52% to $13.875 a troy ounce, while copper futures plunged 1.65% to $2.100 a pound.

The announcement to cut diplomatic ties was sent in an Arabic-language Twitter (N:TWTR) post by the Saudi Ministry of Foreign Affairs. "His excellency, Foreign Minister Adel al-Jubeir (of the) Saudi kingdom is announcing cutting diplomatic ties with Iran."

China's Caixin manufacturing index for December fell to 48.2, well below a forecast of 49 and less than the 48.6 previously. Japan said its manufacturing index for December came in at 52.6, up from 52.5.

In Australia, the AIG manufacturing index came in at 51.9, in expansion, but down from 52.5 previously.

In the week ahead, investors will be looking ahead to Friday’s U.S. jobs report for December, as well as reports on U.S. manufacturing and service sector activity. Tuesday’s euro zone inflation report will also be in focus.

On Monday, in the euro zone, Germany is to release preliminary data on consumer inflation.
The U.K. is to release survey data on manufacturing sector activity.

In the U.S., the Institute of Supply Management is to release data on manufacturing activity
Last week, gold futures edged higher on Thursday on the last day of a year which saw the precious metal post its third straight yearly loss as the start of a rate hike cycle by the Federal Reserve bolstered the dollar and pressured the metal.

A key factor in gold's losses in 2015 was the belief that the start of a rate hike cycle by the Fed in conjunction with continuing loose monetary policy from the European Central Bank and the Bank of Japan would continue to underpin investor demand for the greenback.

Higher interest rates make the dollar more attractive to yield-seeking investors. A stronger dollar tends to weigh on gold, which is denominated in the U.S. currency and becomes more expensive for many buyers when the dollar rises.
The Fed hiked U.S. interest rates for the first time in almost a decade last month and further rate increases are expected in 2016.

http://www.investing.com/news/commodities-news/gold-prices-hold-gains-on-middle-east-tension,-copper-down-on-caixin-378511

Time to SHORT USDJPY with a target of 101!

Here is my chart for your reference.Current support is at 118.821.
Happy trading guys!

RECESSION IS COMING!! KEEP AWAY FROM THE MARKET!!

Alsons Consolidated Resources, Inc. (ACR) was incorporated on December 24, 1974 asVictoria Gold Mining Corporation to engage in the business of exploration of oil,petroleum and other mineral products. In June 1995, the corporate name was changedto its present name to mark the entry of the Alcantara Group. ACR's primary purposewas subsequently changed to that of an investment holding company with oil exploration as secondary purpose. On October 10, 1996, ACR completed its reorganization througha series of stock swaps, and as a result, some of the Alcantara Group's establishedbusinesses became majority- or minority-owned subsidiaries of ACR.ACR's core businesses, conducted through its various subsidiaries and associates, aregrouped into main categories consisting of energy and power, property development,and other investments. ACR's investment in the energy and power business is throughtwo holding firms, namely, Conal Holdings Corporation (CHC) and Alsing Power Holdings,Inc. On August 1, 2013, the Company re-acquired the 40% ownership by ElectricityGenerating Public Co. Ltd. of Thailand in CHC. ACR also wholly owns Alsons PowerInternational Limited, which handles the development of the power plant projects of ACRoutside the country.The Company has three operating power generation subsidiaries, namely, WesternMindanao Power Corporation, Southern Philippines Power Corporation, and MapaladPower Corporation, all of which are located in Mindanao. ACR, through its subsidiaries,is also conducting feasibility studies on renewable energy projects. Currently underdevelopment are the Siguil 17MW Hydro Power Project in Maasim, Sarangani and theBago 40MW in Negros Oriental. These projects are expected to augment power supplyin the cities of General Santos and Bacolod, respectively, once they are completed.The Company is also engaged in property development through Alsons LandCorporation. In terms of other investments, ACR is involved in the mining sector throughACR Mining Corporation, and in the product distribution business, through RCP Holdings,Inc. and Market Developers, Inc.




Recommendation: BUY

Support: 2

ISM

After a month, here is the result.

That is more than 30% gain!


Congrats traders!


MORE TO COME!!!


Follow me on www.stockmarketpilipinas.com

ISM


Another stock that can give you more than 20% gain. You just need to wait and hold and always check the support because no one knows what will happen in the future. We should have our own stop-loss to maintain good portfolio.

Check this chart for your reference.

Cut if it goes below 1.40. If not, wait for your gain :)

WEB UPDATE

After 7 months....

Check this out

From 5, that is more than 40% gain!