Market Sentiment shifting

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1 month 3 weeks ago #126778 by Gambler
Gambler replied the topic: Market Sentiment has shifted
Send them to jail

A federal judge in Chicago said this week four former JPMorgan Chase & Co. employees must face charges including racketeering in a case accusing them of manipulating the prices of precious metals futures.

U.S. District Judge Edmond Chang's ruling Tuesday paves the way for an Oct. 19 trial in the case, which is the U.S. Department of Justice's most aggressive attempt so far to police commodities spoofing, a tactic involving placing orders to move prices and quickly cancelling them.

www.reuters.com/legal/transactional/ex-j...es-judge-2021-08-18/

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2 months 18 hours ago #126772 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment has shifted
Excellent interview -Inflation can't be stopped

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3 months 1 day ago #126727 by alexgreat
alexgreat replied the topic: Market Sentiment has shifted
Gold prices moved higher on Wednesday following dovish commentary from Federal Reserve Chair Jerome Powell, which helped ease fears of early tapering even as more inflation data beat expectations.


In comments prepared for an appearance before a House committee, Powell said the US economic recovery still hasn’t progressed enough to begin scaling back the central bank’s massive monthly asset purchases. He added that inflation is likely to remain high in coming months before moderating.

Powell’s comments helped ease concerns that faster-than-predicted US inflation data will see the central bank taper its monetary stimulus earlier than expected.

www.mining.com/gold-price-hits-4-week-hi...ls-dovish-commentary

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4 months 2 weeks ago #126618 by alexgreat
alexgreat replied the topic: Market Sentiment has shifted

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5 months 4 days ago #126567 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment has shifted
Inflation just starting.

Inflation in April accelerated at its fastest pace in more than 12 years as the U.S. economic recovery kicked into gear and energy prices jumped higher, the Labor Department reported Wednesday.

The Consumer Price Index, which measures a basket of goods as well as energy and housing costs, rose 4.2% from a year earlier. A Dow Jones survey had expected a 3.6% increase. The month-to-month gain was 0.8%, against the expected 0.2%.

Excluding volatile food and energy prices, the core CPI increased 3% from the same period in 2020 and 0.9% on a monthly basis. The respective estimates were 2.3% and 0.3%.

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5 months 2 weeks ago #126530 by Gambler
Gambler replied the topic: Market Sentiment has shifted
Two distinct clues stand out currently that could point to higher prices…

First, the market has been making higher swing highs with higher lows. Second, the volume on any pullbacks has been very light, whereas the volume on upside has been stronger.

The market, if it does in fact stage a breakout above the $1800 area, it will have carved out a short-term double bottom. This type of chart pattern is reliable and points to upside gains at least the height of the pattern from bottom to swing high, i.e. a $100 rally.

Against the backdrop of improving technicals in the gold market, the yellow metal also enjoys support from fundamental factors such as increasing inflation fears, easy monetary policies, and staggering federal deficits.

www.moneymetals.com/news/2021/04/28/are-...ew-gold-rally-002276

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6 months 1 week ago #126429 by lynnsa10
lynnsa10 replied the topic: Market Sentiment has shifted
Hungary triples gold reserves to 94.5 tons

www.nasdaq.com/articles/hungarian-centra...n-decades-2021-04-07

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6 months 3 weeks ago #126396 by Gambler
Gambler replied the topic: Market Sentiment has shifted
Record physical demand for silver and gold

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7 months 1 day ago #126377 by RonS
RonS replied the topic: Market Sentiment has shifted
Another risk factor with crypto

Bitcoin (BTC-USD) hit a record high of $60,000 on Saturday, nearly doubling in value this year, as the Beeple NFT sale continued to draw attention to the cryptocurrency, as well as more institutional investment. Prices then pulled back 7% to the $56,000 level on reports that India would propose a law banning cryptos, giving holders of the virtual assets up to six months to liquidate. The bill, one of the world's strictest policies against cryptocurrencies, would criminalize everything from possession, issuance and mining to trading and transferring crypto assets.

Why is India doing this? It's not the first nation to take action against Bitcoin, with similar bans or restrictions seen in countries like China, Pakistan, Russia, Bolivia, North Macedonia and Morocco. There are concerns that Bitcoin's decentralized system will make it more complicated for central banks to create their own CBDCs (central bank digital currencies), as well as worries that cryptos could be used to finance illicit activities. CBDCs are a promising tool that will allow central banks to have real-time data about their economies, offering the ability to track money flows, spending and savings data and what sectors are suffering or doing well. Leaving privacy concerns aside, a central bank could be more informed on monetary policy when armed with that information, while the government could possibly link future stimulus payments, universal basic income or fiscal policy to CBDCs.

Many Americans are unaware that it was illegal to own gold from 1934 to 1974, though the prohibitions were relaxed starting in 1964. A U.S. citizen couldn't own or trade gold anywhere in the world, with exceptions for some jewelry and collector's coins, as the federal government and banks shored up their financial soundness.

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7 months 1 week ago #126360 by RonS
RonS replied the topic: Market Sentiment has shifted
I subscribe to Jim Richards newsletter. I have followed Harry Dent and read a few of his books. This debate is worth watching and maybe a good past time for part of the weekend

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8 months 1 week ago #126260 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment has shifted
Global AUM now stands at 3,765t, just 4% shy of the intra-month record set in early November 2020

Following record-setting inflows in the first 10 months of 2020, flows turned negative in November and December, before reversing course again in the first month of 2021
Investment demand for gold via ETFs remains strong and a primary driver of overall gold demand
Asian gold ETFs holdings have grown by more than 50% over the past 12 months
Low-cost gold-backed ETFs grew meaningfully during 2020, and generally continued to see inflows in January

Attachments:

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10 months 1 week ago #125909 by Gambler
Gambler replied the topic: Market Sentiment has shifted
Bitcoin and digital currencies really after the gold investors.

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