Market Sentiment shifting

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5 years 6 months ago #468 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
Why would they title this news article 'ETF traders turn bearish on Gold' the article does not mention one thing about Gold or Gold ETFs??

finance.yahoo.com/news/etf-traders-turni...-gold-180323163.html

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5 years 6 months ago #463 by Gambler
Gambler replied the topic: Market Sentiment shifting
lynnsa, interesting and I have followed it some. I think Soros better at currencies than Paulson

TD says Paulson maybe taking profits. I think he has been selling Gold because he is taking a bath elsewhere, especially in hos pharma holdings

Paulson’s Valeant stake fell 74% in value to $356 million, as of March 31, falling from $1.3 billion at the end of 2015, according to the filing.

blogs.wsj.com/moneybeat/2016/05/16/john-...-adds-to-pharma-bet/

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5 years 6 months ago #461 by lynnsa10
lynnsa10 replied the topic: Market Sentiment shifting
Paulson selling, Soros buying - the big money

Who has it right

www.reuters.com/article/us-investments-f...uters+Wealth+News%29

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5 years 6 months ago #458 by RonS
RonS replied the topic: Market Sentiment shifting
Gold demand hit its highest level ever for a first quarter in 2016, jumping to jumped to 1,289.8 tonnes or 21% more than the same period last year, according to the latest World Gold Council report

www.gold.org/supply-and-demand/gold-demand-trends


I should be able to update charts in the precious metals section

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5 years 6 months ago #457 by RonS
RonS replied the topic: Market Sentiment shifting
And China taking more control of the Gold market, moving into London
ICBC Standard Bank expanded its push into London's precious metals market by agreeing to buy one of Europe's largest vaults from Barclays.

ICBC Standard, formed last year after Industrial and Commercial Bank of China Ltd. -- China's biggest bank -- bought a controlling stake in Standard Bank's global markets business, expects the purchase of the vaulting business and related contracts to be completed in July, it said in an e-mailed statement today. No financial details were given.

About $5 trillion of transactions are cleared every year in London's gold market, which Barclays is exiting as it pulls out of precious metals. ICBC Standard last week joined the city's precious-metals clearing system and last month won classification as a market maker by the London Bullion Market Association.

"This enables us to better execute on our strategy to become one of the largest Chinese banks in the precious metals market," Mark Buncombe, head of commodities at ICBC Standard Bank, said in the statement. "The acquisition of a precious metals vault allows us to expand our services in clearing and processing."

www.bloomberg.com/news/articles/2016-05-...london-s-gold-market

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5 years 6 months ago #435 by RonS
RonS replied the topic: Market Sentiment shifting
Well they whacked Gold down today, lets see if we bounce back up, China becoming more of an influence, so lets see where Shanghai goes over nite
China will relax rules for cross-border trading of gold in six cities as the world's biggest gold consumer and producer hopes this move will increase bullion imports.

Gold companies will be able to clear customs up to 12 times with just one permit after the rules are eased, a joint statement by the People's Bank of China and the General Administration of Customs said yesterday. The current rules force the companies to apply permits for every import or export of the gold.

The rules will be effective from June 1 in the six cities of Shanghai, Beijing, Guangzhou, Nanjing, Qingdao, and Shenzhen, the statement said.

"The new measure will simplify the approval procedures and improve the gold trading environment," the statement said.

The eased rules followed the setting up of a yuan-denominated gold fix in the Shanghai Gold Exchange two weeks ago in a bid to help China join London and New York as a global hub for bullion trading, said SGE Chairman Jiao Jinpu.

www.shanghaidaily.com/business/energy/Ch...cities/shdaily.shtml

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5 years 6 months ago #421 by Anonymous
Anonymous replied the topic: Market Sentiment shifting
Embry is bullish as usual, but he makes a good point that the Gold shares are still very cheap relative to the Gold price. Even if the banksters hold Gold down or hammer it, the shares may not get hurt as much
kingworldnews.com/when-the-global-ponzi-...-be-a-massive-panic/

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5 years 6 months ago #417 by DearJohn
DearJohn replied the topic: Market Sentiment shifting
There seems to be a lot of concern the Commercials are very short, at levels they normally hammer Gold down. Struther's does not see to concerned about it?

news.goldseek.com/CliveMaund/1462129992.php

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5 years 6 months ago #413 by Gambler
Gambler replied the topic: Market Sentiment shifting
I imagine Ron will have an update out soon. Maybe it is the sell in May and go away!!!!

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5 years 6 months ago #412 by DearJohn
DearJohn replied the topic: Market Sentiment shifting
Yes, my portfolio doing great. Silver, Gold the HUI all pretty much hit Struther's next target. I wonder whats next, sooner or later we will see a correction

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5 years 6 months ago #411 by Gambler
Gambler replied the topic: Market Sentiment shifting
Wow nice move in Gold this week and some of the stocks even better with new highs. Kinross popped another 20%

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5 years 7 months ago #407 by Gambler
Gambler replied the topic: Market Sentiment shifting
CFTC data shows hedge funds added more long positions in Gold.

According to the CFTC's weekly Commitment of Traders data up to April 19 released on Friday speculators once again added to long positions to reach 21.9 million troy ounces or 682 tonnes.

At the same time speculators cut their short positions which saw net longs positions grow to 18.8 million ounces. That figure is the highest since August 2012. Overall managed money position has swung more than 660 tonnes since end-December's record net short.

Pretty silly they talk about tonnes when it is just paper Gold that weighs almost nothing. Sure sounds like a big bluff to me

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