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
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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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
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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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
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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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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