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Of course, the gold market is paid the most attention and it is the most interesting sphere for a broad circle of investors. The most relevant data from the market, received on the 29 of November are as follows: that rate of $500 is reached. Moreover, the maximum level for platinum has also been reached. However, after the successful ending of the assault of mentioned psychological resistance, the fixation of profits and the digressive quotation correction occurred.
The specialists note that a large volume of long speculative positions may provoke profit fixation. However, a great demand, lack of the metals at the market and the plans of definite central banks, in Russia and Argentina in particular, to buy gold, may prevent the deep correction of prizes.
Thus, 2005 year is supposed to end up on this very level of achievements, and there are no reasons to expect something extraordinary. In principle, the habitual script was played, and the end of the year didn??t bring any surprises, the increase of the price, as well as its decrease was predicted, and it is just the end of the year that may affect the process.
The next year, however, many investors predict achieving of the next level, and moreover, a significant raise of maximums. This concerns gold, as well as platinum. As Reuters notes, platinum goes up in price, as its mining and refining are not enough to satisfy the demand for precious metals, that are used for production of jewelry and automobile accelerators.
Oil-processing and chemical company Johnson Matthey, whose experts analyze the condition of the market of platinum metal group, stated in its last report that the need for platinum in 2005 from the automobile sector and other branches will reach 6.71 mln ounces opposite to the supply of 6.59 mln ounces. ???Investors want to buy and go on doing it.???
Copper, which recently reached its maximum, also went up in price. Petroleum, however, falls in price. As the analysts state, it would also influence dollar in the next year. They also skeptically treat the chances of euro, which would most probably shift its ground. But let us go on speaking about petroleum.
It significantly went down in price recently. The price of petroleum futures with the delivery to NYMEX in January went down for 1.5% ($0.86) ?? up to $56.50 for barrel. Petroleum goes down in price under the terms of adequacy between fuel supply and winter demand level. Analysts predict the increase of fuel margins in the USA. ???Everything is based upon the expectations of EIA data, and the most part of people rely on increase, especially as far as the margins of fuel are concerned??? Marshall Stevens from Man Financial said.
It is necessary to speak about the so-called effect of "Hubberts Peak???, when petroleum reaches its peak due to restricted natural resources. The predicted date of such crisis is 2008 year, and definite circumstances force investors speak about the evidences of future events that can be seen at present. That is why it is necessary to take into account the possibility of such scenario.
On the market of securities and currency a low level of confidence, connected to uneasy working terms is widespread. Some dealers note with sarcasm, that despite the fact that the customer confidence skipped up, it has nothing in common with the confidence of players. In addition, dollar appeared to swing, which also gives concerns.
Thus, the most probably, new year won??t bring us many surprises. High-yielding investments would still remain the same, and the picture is clear. In any case, we hope, our writing provides for it.
