Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18)

Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Mon Sep 17, 2018 8:18 am

Gold: 1201.10, -7.10.

Moved up to tap the 50 day MA on the Thursday high, then faded back off that test.

Source: Investment House
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Mon Sep 17, 2018 8:18 am

Gold: 1201.10, -7.10.

Moved up to tap the 50 day MA on the Thursday high, then faded back off that test.

Source: Investment House
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Mon Sep 24, 2018 1:14 pm

Gold: 1201.30, -10.00.

Rallied to the 50 day SMA to end the week then fell sharply Friday.

Source: Investment House
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Wed Oct 10, 2018 5:47 am

China steps up gold holdings amid trade war with US; demand rises among consumers too

Official gold reserves in mainland China stood at 1,843 tonnes in second quarter of 2018

The official gold reserves in mainland China have grown from 1,054 tonnes in the first quarter of 2015 to 1,839 tonnes in the third quarter of 2016, to 1,843 tonnes in the second quarter of 2018.

The demand for gold among Chinese consumers also rose by 5 per cent in the second quarter from a year ago to 144.9 tonnes.

Demand by Indian consumers declined in the same period by 8 per cent to 147.9 tonnes.


Source: SCMP

https://www.scmp.com/business/commoditi ... ises-among
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Mon Oct 15, 2018 8:45 am

Gold: 1222.00, -5.60.

Tested after finally posting a big breakout Thursday.

Fear trade or inflation trade? No, it's both.

Fear of the selloff, fear of the Fed, knowing if the Fed screws up yet again, inflation ultimately results.

Source: Investment House
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Tue Oct 23, 2018 5:49 am

Gold Could Experience Mother-Of-All Short Covering

by Naeem Aslam

Donald Trump has criticised the Fed several times about hiking the interest rate so many times this year.

It is important to emphasise that back in 2015, when speculators had net long positions, it triggered a 30% move in the gold price. A similar move would help the price move to $1,500.


The gold price has been gaining traction while the dollar index maintained its strength.


Source: Forbes

https://www.forbes.com/sites/naeemaslam ... 10d4a5187b
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Tue Oct 30, 2018 7:05 am

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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Sat Nov 03, 2018 9:57 am

Gold buying by central banks hits its highest level in almost three years

Gold buying by central banks reaches its highest level since the fourth quarter of 2015.

Around $5.82 billion was spent during the third quarter to boost central bank reserves.

The buying was offset by heavy selling of gold-backed funds during the same period.

by David Reid

Source: CNBC

https://www.cnbc.com/2018/11/01/gold-bu ... years.html
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Wed Nov 14, 2018 10:43 am

Platinum

You can buy an ounce of platinum for just $857 today – a nearly 30% discount to the price of gold.

That’s one of the largest discounts in history (historically platinum is one-third more expensive than gold). And it’s an incredible bargain considering platinum is 100 times rarer than gold and costs way more produce.

Even the richest platinum ore gives up only about one ounce of end-product for every five tons of it mined.

More than 70% of the world’s platinum supply is mined in South Africa, and vulnerable to supply interruptions due to the power shortages that plague the country… so in addition to being an excellent way to diversify out of the dollar, owning platinum is also going long instability in South Africa – a solid bet.

The biggest industrial use for platinum is in catalytic converters for automobiles. And the metal has sold off recently over trade war fears and the emergence of electric vehicles.

However, every time platinum’s discount to gold has gotten so large, it’s corrected itself. Sure, it’s possible gold falls, but it’s much more likely that platinum soars given that gold is already so cheap.

There are a few ways you can gain exposure to platinum. You can buy the physical metal from a dealer. You can also buy a Platinum ETF – our friends at Sprott offer a good one. Or you can get more speculative and buy small, platinum miners.

So if you want to get some wealth outside the dollar and pick up an insane bargain at the same time, consider platinum today.

Source: Sovereign Man
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Mon Nov 19, 2018 8:00 am

Gold: 1223.00, +8.00. Moved up through the 50 day M Friday after finding a higher low early week.
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