Market Sentiment shifting

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5 years 4 months ago #685 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
Not many fools in India. Government today said it has netted 3.1 tonnes of idle household and temple gold under the monetization scheme since its launch in November 2015.

"As of now 3.1 tonnes of gold have been deposited under the Gold Monetization Scheme," the joint secretary in the Finance Ministry, Saurabh Garg, said.

This is much lower than 800-1,000 tonnes of annual gold imports, he said, adding that estimates say 300 tonnes are for investments, while the balance is jewellery.

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5 years 4 months ago #675 by DearJohn
DearJohn replied the topic: Market Sentiment shifting
Another positive sign, sounds like investors put $2 billion into gold last few months

www.reuters.com/article/us-investment-mu...uters+Wealth+News%29

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5 years 4 months ago #664 by RonS
RonS replied the topic: Market Sentiment shifting
Gold is up tonite, currently about $1370. I think another one of the big drivers is the huge drop in interest rates. This is a long term chart of the US 30 year bond, has gone to record highs in 2016. The Feds bluff on rate hikes has been called big time
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5 years 4 months ago #659 by Gambler
Gambler replied the topic: Market Sentiment shifting
Just listened to this audio at Kingworld about Brexit. No wonder Gold demand soaring in London, Stephen Leeb. He comments that when Boris Johnson stepped down it just added to the Brexit fears

kingworldnews.com/dr-stephen-leeb-7-3-16/

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5 years 5 months ago #640 by RonS
RonS replied the topic: Market Sentiment shifting
Sounds like Gold demand i soaring in London. Gold dealers in London reported surging demand for coins and bars on Friday, with some saying stocks were tight, after a shock vote for Britain to leave the European Union sent financial markets into meltdown and drove the pound lower.

www.reuters.com/article/britain-eu-gold-retail-idUSL8N19G463

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5 years 5 months ago #635 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
KIngworld news will have lots of stories this weekend. I love this one!!!!!!!!

Banks Had Largest Gold Short Positions In History Heading Into Brexit As “Leave” Vote Sent Gold Skyrocketing

Burn baby burn
kingworldnews.com/banks-had-highest-gold...ositions-in-history/

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5 years 5 months ago #614 by Gambler
Gambler replied the topic: Market Sentiment shifting
They managed a little down move at Comex open to about $1318 and now we edging higher again. Comex gold inventories have increased last couple weeks. Is it just a big bluff or maybe somebody is going to take delivery??

www.24hgold.com/english/interactive_char...ERED&etfcodecom=GOLD

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5 years 5 months ago #607 by RonS
RonS replied the topic: Market Sentiment shifting
Gold reacted and shot up over $100, hitting $1362, currently around $1325.

The big question, now - Will the large commercial short position get over run? Remember these bulloin banks are the same ones that are probably also part of the plunge protection team and they weill have their hands full trying to keep the markets glued together today, they may lose control??

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5 years 5 months ago #601 by Gambler
Gambler replied the topic: Market Sentiment shifting
I see they had Gold back down by the Comex open, I guess that had to make sure Yellen's hand looked good for her testimony today. But to mee looked like another bad flop, More dovish jibberish
www.yahoo.com/news/yellen-says-uncertain...40034486.html?ref=gs

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5 years 5 months ago #592 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
There was also an article at Kingworld news about the big short positions in early May so it is still persisting. Maybe they go for a takedown on the Holiday weekend, July 4th, not that far away

kingworldnews.com/commercial-short-posit...-at-all-time-record/

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5 years 5 months ago - 5 years 5 months ago #591 by RonS
RonS replied the topic: Market Sentiment shifting
Here is another chart showing the Commercials record or near record short position. It is noteworthy that this last stretch at these high short levels is gone on longer than other periods before we see Gold slamed. Note last October when they hit 200,000 contracts short and Gold soon taken down. Perhaps they trying to hang into thinner summer trading
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Last Edit: 5 years 5 months ago by RonS. Reason: spelling

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5 years 5 months ago #590 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
Nice chart, look how they tried to gap it down from the $1302 close Friday to around 8:30Am Monday when Comex gets going. Margin increases, shorting all that work and now around $1295, just $7 below the Friday close. They have to know everyone is onto their manipulation game. Sell Fridays and buy Monday morning must work often

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