Market Sentiment shifting

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2 years 3 weeks ago #123813 by DearJohn
DearJohn replied the topic: Market Sentiment has shifted
Good article on gold seasonal strengths, we are coming into a strong period.

www.mining.com/web/gold-stocks-winter-ra...tocks-winter-rally-4

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2 years 4 weeks ago #123759 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment has shifted
What will the Fed do today? Is it not 2PM they make the announcement

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2 years 1 month ago #123736 by Gambler
Gambler replied the topic: Market Sentiment has shifted
Central Banks have been buying gold for years, but now Germany started for first time in 21 years

news.goldcore.com/germany-and-turkey-inc...channel=tw-554498632

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2 years 1 month ago #123720 by RonS
RonS replied the topic: Market Sentiment has shifted
Here is a gold chart I used for Seeking alpha article, about the same as last week's one but progressing a bit further to break out of the wedge. With new QE, I expect to the upside.

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2 years 1 month ago #123650 by alexgreat
alexgreat replied the topic: Market Sentiment has shifted
In September, global gold-backed ETFs and similar products had US$3.9bn of net inflows across all regions, increasing their collective gold holdings by 75.2 tonnes(t) to 2,808t, the highest levels of all time. Holdings surpassed late 2012 levels, at which time the gold price was near US$1,700/oz, 18% higher than current levels. Notably, the gold-backed ETF landscape is vastly different than in 2012 when two-thirds of global holdings were concentrated in North America. Today, North American- and European-listed funds make up 52% and 44% of global holdings respectively, with the remainder coming from funds listed in Asia and other regions.

www.gold.org/goldhub/data/global-gold-ba...f-holdings-and-flows

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2 years 1 month ago #123627 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment has shifted
After PMI data, looks like another 1/4 point cut in the cards

Dec comex gold back to 1500, it it can get above 1520 maybe correction is over

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2 years 2 months ago #123588 by Gambler
Gambler replied the topic: Market Sentiment has shifted
Fed decision day, another 1/4 expected. What will gold do? The big risk, if the Fed surprises and does not lower rates.. Stock mkt would take a big hit?

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2 years 2 months ago #123564 by RonS
RonS replied the topic: Market Sentiment has shifted
It is about time, something most of us knew for a long time. These manipulators should go to jail. It is useless fining them for fractions of the illegal profits they made.

Ten years of manipulation and it was probably longer, thousands of corrupt trades. As a investor in PM markets, it makes me puke and the same time angry

Here is a few chunks of the article found here

www.mining.com/web/jpmorgans-metals-desk...l-enterprise-us-says


U.S. prosecutors took an unusually aggressive turn in their investigation of price fixing at JPMorgan Chase & Co., describing its precious metals trading desk as a criminal enterprise operating inside the bank for nearly a decade.

The prosecutors charged the head of JPMorgan’s global metals trading operation and two others on Monday, accusing them of “conspiracy to conduct the affairs of an enterprise involved in interstate or foreign commerce through a pattern of racketeering activity” — counts more commonly known as RICO charges.

The RICO language, rarely used in big bank cases, suggests that JPMorgan may face deeper legal jeopardy that goes beyond the several individuals who have already been prosecuted.

“Based on the fact that it was conduct that was widespread on the desk, it was engaged in in thousands of episodes over an eight-year period — that it is precisely the kind of conduct that the RICO statute is meant to punish,” Assistant Attorney General Brian Benczkowski told reporters.

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2 years 2 months ago #123524 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment has shifted
JPMorgan Traders Charged by U.S. With Rigging Metals Deals

By Tom Schoenberg
Bloomberg News
Monday, September 16, 2019

Two current and one former precious metals traders at JPMorgan Chase & Co. have been charged with manipulating futures markets in what prosecutors described as a massive, multiyear racketeering conspiracy run out of the bank.

The U.S. Justice Department said today the three men ripped off market participants and even clients as they illegally moved prices for gold, silver, platinum, and palladium. One of those indicted is Michael Nowak, 45, who ran JPMorgan's global precious metals desk. Nowak was placed on leave last month, a person familiar with the matter has said.

Their actions spanned eight years and involved thousands of unlawful trading sequences, the Justice Department said. The men were indicted on multiple fraud and conspiracy charges, including racketeering.

"These charges should leave no doubt that the Department is committed to prosecuting those who undermine the investing public's trust in the integrity of our commodities markets," Assistant Attorney General Brian Benczkowski said in a written statement.

www.bloomberg.com/news/articles/2019-09-...ng-futures-contracts

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2 years 2 months ago #123506 by lynnsa10
lynnsa10 replied the topic: Market Sentiment has shifted
One of the best interviews you will find

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2 years 2 months ago #123505 by lynnsa10
lynnsa10 replied the topic: Market Sentiment has shifted
China has added almost 100 tons of gold to its reserves since it resumed buying in December, with the consistent run of accumulation coming amid a rally in prices and the drag of the trade war with Washington.

The People's Bank of China raised bullion holdings to 62.45 million ounces in August from 62.26 million a month earlier, according to data on its website at the weekend. In tonnage terms, August's inflow was 5.91 tons, following the addition of about 94 tons in the previous eight month

www.bloomberg.com/news/articles/2019-09-...s-as-trade-war-drags

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2 years 3 months ago #123428 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment has shifted
Currently doji star, so market undecided if it wants to break higher

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