Gold, Silver & Other Precious Metals 16 (Aug 17 - Apr 19)

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

Postby winston » Mon Apr 30, 2018 11:04 am

Gold: 1323.40, +5.50.

Gold rebounded some of the losses on the week that saw it break lower through the 50 day MA to start.

Closing in on the bottom of its 4 month range.

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

Postby winston » Thu May 03, 2018 8:28 am

The world wants its gold back from the U.S.

by Jim Rickards

Until recently, the New York Fed had about 6,000 tons of gold stored in its vaults on Liberty Street in Lower Manhattan. Contrary to popular belief, the gold stored there does not belong to the United States (the U.S. gold is stored in Fort Knox and West Point).

The Fed gold belongs to countries around the world and the International Monetary Fund.

Beginning a few years ago, central banks demanded the return of their gold to their home countries. Germany was the most prominent example, but there were others, including smaller holders such as Azerbaijan.

The process is difficult because the Fed bullion consists of old bars, some stacked up since the 1920s, that don’t meet today’s standard for purity and size. This doesn’t mean the gold is bad, just that the bars have to be melted down and re-refined to meet the new standards.

Now, one of the largest holders, Turkey, is reclaiming its gold also. Turkey has had 220 tons stored in the U.S.


Source: The Daily Reckoning

http://thecrux.com/the-world-wants-its- ... m-the-u-s/
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Fri May 04, 2018 8:10 am

Gold loses its lustre as global demand falls to 10-year low amid rapidly declining appetite in China

Demand also drops by 12pc in India, the world’s second largest market for gold jewellery, as the government continues to track unaccounted income

Global demand for gold fell seven per cent in the first quarter to its lowest in a decade as fears in China eased over the strength of the yuan and rangebound prices leading to a major decline in appetite for bullion as an investment.

Source: SCMP

http://www.scmp.com/business/money/weal ... r-low-amid
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Sat May 05, 2018 9:18 am

Are you too bullish on gold?

by Ben Morris

When all the pieces line up for an asset and it still can’t push higher, we can say it’s “acting poorly.” It’s not a good sign.

On top of that, global tensions are easing (at least a little). Corporate earnings have been fantastic. And the U.S. dollar has started to strengthen.

These are no longer “game on, buy everything” conditions. So if you think you might be too bullish on gold and gold stocks, you probably are…

You may want to reduce your exposure to the sector. Or at the very least, you may want to tighten your stop losses.

For intermediate- and short-term trading, the conditions are neutral, at best.

Until the price action turns bullish… Until gold breaks above its 2016 highs 0f US$1366… You don’t want to get aggressive with gold stocks.

And you should be prepared for lower prices.


Source: Daily Wealth Trader

http://thecrux.com/are-you-too-bullish-on-gold/
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Mon May 07, 2018 8:48 am

Gold: 1314.70, +2.00.

Fell to the 200 day SMA on the week, managed an ever so slight bounce to end the week.

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

Postby winston » Wed May 09, 2018 5:33 am

4 Big Reasons Why You Might Want to Consider Gold Stocks Right Now

1. Gold mining stocks look inexpensive
2. Rising inflation has historically lifted gold prices
3. Gold supply is shrinking while demand continues to grow
4. Gold prices have historically tracked government debt—which appears to be increasing dramatically.


Source: US Global Investors

http://www.usfunds.com/investor-library ... vIVnYiFOM9
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Wed May 09, 2018 5:36 am

The 7 pillars of gold

Pillar One: Oil prices are rising
Pillar Two: Interest rates are rising
Pillar Three: The petro-yuan
Pillar Four: Currency wars
Pillar Five: Tariffs, sanctions, and potential trade wars
Pillar Six: War
Pillar Seven: Peak gold


Source: The Daily Reckoning

http://thecrux.com/the-seven-pillars-of-gold/
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Dec 18

Postby winston » Mon May 14, 2018 1:06 pm

Gold: 1320.70, -1.60.

Gold held the 200 day SMA the past 2 weeks, bounced sharply Thursday.

Friday a modest loss but gold is holding support and setting up a bounce upside.

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

Postby winston » Mon May 21, 2018 7:59 am

Gold: 1291.30, +1.90.

Plunged below the 200 day SMA Tuesday, holding the same level through Friday.

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

Postby winston » Sat May 26, 2018 3:55 pm

The axis-of-gold will drive prices higher by end-2018

Source: Daily Crux

http://thecrux.com/the-axis-of-gold-wil ... d-of-2018/
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