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  Jim Kingsland

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  General News, Jim Kingsland Market Commentary

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  12/10/12

  Japan has slid into recession, China’s exports are weaker than expected, Europe remains Europe and whether the Fiscal Cliff leads to a constitutional crisis over the debt ceiling are but a brief laundry list for investors to contend with. Stock futures are flat to a bit lower and a stronger bid has come back to gold futures.Not to sound like a broken record, but Fiscal Cliff developments and other headlines will have the greatest impact on markets.

  Technicals matter too, I realize, but they do not predict sudden events, though I fully recognize that technicals can play an important role in measuring the potential length of a move within the markets. Apple, for example, is a curiosity with it’s so called death cross chart pattern formation. $500 would not be a surprise, but it won’t happen in a day.

  A few weeks back I had noted that if gold weakened $1675 looked to be a bottoming point. It had moved very close to that area last week. It’s climb bach above 1700 is a positive, but year end weakness could persist if gold has trouble again with the 1730 to 1750 range.

  A Gold Video

  This is the video of the year. This is the gold bullion vault of the Bank of England. A Chemist (University of Nottingham’s chemistry Professor Martyn Poliakoff)  gives the tour. It’s a must watch from the perspective of seeing the amount of gold in storage.

  Published on Dec  7, 2012 via Youtube

  We’re INSIDE a Gold Bullion Vault.

  The Bank of England protects about £197 billion ($315bn) worth of gold, according to the mostly recently published figures.

  Film by Brady Haran. Featuring Professor Martyn Poliakoff.

  The vaults are off limits, but the Bank of England Museum will let you lift a real gold bar: http://bit.ly/TJ4BVk

  More of our videos about gold: http://bit.ly/Re3Lkp

  More chemistry at http://www.periodicvideos.com/
  Follow us on Facebook at http://www.facebook.com/periodicvideos
  And on Twitter at http://twitter.com/periodicvideos
  From the School of Chemistry at The University of Nottingham: http://www.nottingham.ac.uk/chemistry/index.aspx

  Periodic Videos films are by video journalist Brady Haran: http://www.bradyharan.com/

  Brady’s other channels include:
  http://www.youtube.com/sixtysymbols (Physics and astronomy)
  http://www.youtube.com/numberphile (Numbers and maths)
  http://www.youtube.com/DeepSkyVideos (Space stuff)
  http://www.youtube.com/nottinghamscience (Science and behind the scenes)

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