Barclays Capital
Barclays Capital
Barclays Investment Bankis the investment banking division of the British multinational Barclays bank headquartered in London. It provides advisory, financing and risk management services to large companies, institutions and government clients. It is a primary dealer in U.S. Treasury securities and various European Government bonds...
area close company complete continue due either lack obvious question situation strike workers
We continue to question how close the situation now is to either complete company withdrawal from the area or a strike by workers due to the obvious lack of security.
aggressive conflict discourage eventual help resolution selling
Uncertainty over the eventual resolution of this conflict would help discourage aggressive selling interest.
cautionary clear conflict high length major microscope move side
Under the microscope it is clear that an important watershed is approaching. The short-term downtrend is about to come into conflict with the medium-term uptrend. Typically we would side with the longer-term move but the length of the downtrend from the high is a major cautionary note.
above driven mostly move recent
The recent move above $1,000 is mostly driven by speculative buying.
concerns expect inflation investor light near oil positive rally recent rising sentiment supported supportive
Much of gold's recent rally has been supported by positive investor sentiment in light of rising oil prices, inflation concerns and geopolitical volatility, and we do not expect these supportive macro-factors to dissipate in the near term.
buying help levels physical price provide unclear
Physical buying could help provide some support, but it is still unclear at which price levels they would re-emerge in significant quantities.
damage energy gas hurricane natural recent
Recent hurricane damage in the U.S. has impacted natural gas more than any other energy market.
beyond crisis energy hurricane impact katrina major markets produce pushed talk
It is now appropriate to talk of a major energy crisis after Hurricane Katrina pushed U.S. energy markets beyond the edge. The impact of Katrina has been to produce a significant discontinuity.
conditions general market nervous next price remain
Market conditions will remain nervous and there is a general sense of uncertainty over the next big price move.
case delta exports falling nigerian oil potential production thanks threat
OPEC production is falling in any case thanks to Nigerian losses, and the threat from Niger Delta militants to oil exports has the potential to get even more serious.
appear deeply next problems rooted solving start unlikely whatever
Italy's problems appear so deeply rooted that the next government, whatever its complexion, is unlikely to do little more than make a start at solving them.
given group interest positive price renewed risks sentiment
Given the renewed interest in commodities and positive sentiment in gold, price risks for the (platinum group metals) are still very much on the upside, in our view.
apparent further given interest lack overall positive room sentiment short
Given the overall positive sentiment and an apparent lack of interest to short the marker aggressively, we see further room on the upside.
clear current despite extremely forming high large levels market output sign surplus
What is clear is that despite OPEC's extremely high current output levels there is little sign of a large surplus forming in the market just yet.