Market Sentiment shifting

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5 years 2 months ago #116877 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
Interesting read at Zero Hedge on Deutsch Bank failing to deliver physical gold
www.zerohedge.com/news/2016-09-02/deutsc...lution-will-be-found

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5 years 2 months ago #116867 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
From Zero hedge this morning. Big bankers see something on the horizon and it is not pretty

According to the Ny Fed, in the seven months ended July 2016, there were a total of 87 tons of gold withdrawals, 25% more than the 69 tons withdrawn in the same period in 2015, and 60% more than the 55 tons withdrawn in 2014. As of July 31, the NY Fed held 5,807 tons of gold in custody, well below the 6,606 "old normal" that was parked at the Fed until withdrawals started in early 2007.

Just as remarkable, since the current round of monthly withdraws from the NY Fed started in February of 2014, there has been a total of 388 tons of gold redeemed by foreign central bank holders over a span of 30 months, which is just 20 tons shy of the previous burst of withdrawals which started in March of 2007, with the emergence of the subprime crisis, and culminating in November 2008 with the bailout of AIG.

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5 years 3 months ago #116817 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
lynsa love that chart

I think this is why Fed hyping interest rate hike at Jackson hole desperate to paint the chart, If the $$ dropped to 93 and hit 92, probably take a big plunge

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5 years 3 months ago #116808 by lynnsa10
lynnsa10 replied the topic: Market Sentiment shifting
Gold stocks are still very cheap

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5 years 3 months ago #116626 by RonS
RonS replied the topic: Market Sentiment shifting
This is one of the best explanations on the difference and relation of Gold and paper currencies I have read, by James Turk. Feel free to post in $$Lounge.

“Money is gold, and nothing else.” JP Morgan

wealth.goldmoney.com/research/goldmoney-...-mean?gmrefcode=gata

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5 years 3 months ago #90621 by alexgreat
alexgreat replied the topic: Market Sentiment shifting
Checkout playstocks chart of the day, Gold poised to break to upside
www.playstocks.net/index.php/market-trends/chart-of-the-day

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5 years 3 months ago #80899 by RonS
RonS replied the topic: Market Sentiment shifting
Yes, some very good points and simple

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5 years 3 months ago #80895 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
Interesting article by Grandich Gold Bull Market has only just begun

One key point is the break above $1,000 and then after the $1900 top a retest of $1000 area is very bullish
www.petergrandich.com/gold-the-mother-of...has-only-just-begun/

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5 years 3 months ago #79017 by alexgreat
alexgreat replied the topic: Market Sentiment shifting
US$ breaks 95 this AM and Gold up $14. As a newby going to try and load chart here on U$ index

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5 years 3 months ago #75464 by Pasta
Pasta replied the topic: Market Sentiment shifting
Testing , one gold stock I've been following is Aton Resources gold in Egypt. It seems to be getting some interest

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5 years 3 months ago #67782 by RonS
RonS replied the topic: Market Sentiment shifting
Some great comments here. I think we will see some more consolidation before Gold goes higher, like we seen in April to June in the $1200s.

Those waiting for a good correction will probably not get one for a while yet, Near tern traders are watching 95 support on the US$ index

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5 years 3 months ago #67779 by alexgreat
alexgreat replied the topic: Market Sentiment shifting
Check this out on Kitco - Craig Ferrantino converts from Gold Bear to Bull, his main reason is the low interest rates. All they do is talk about raising rates but in fact they are going down. He does not think the US job numbers or very good either.

His target for year end is $1800

www.kitco.com/news/video/show/Kitco-News...isor-Made-the-Switch
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