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Gold, Silver & Other Precious Metals 17 (May 19 - Jan 23)
Posted:
Mon May 06, 2019 8:04 amby winston
Gold: 1281.30, +9.30.
Sharp bounce off 1270.
Goodness, from bearish to not a bad move.
Source: Investment House
Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19
Posted:
Mon May 20, 2019 12:29 amby winston
Gold: 1275.70, -10.50.
Diving lower Thursday and Friday, the same action as in late March and early April: as soon as gold rallies some, it gets sold hard.
Source: Investment House
Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19
Posted:
Mon May 20, 2019 12:29 amby winston
Gold: 1275.70, -10.50.
Diving lower Thursday and Friday, the same action as in late March and early April: as soon as gold rallies some, it gets sold hard.
Source: Investment House
Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19
Posted:
Mon May 20, 2019 1:52 pmby winston
Why China Is the World's Largest Gold ConsumerChina's appetite for gold continues as use in jewelry, electric cars and central bank reserves increases.
1. Jewelry Sales: Rose by 3% in China in 2018, to reach a 3 year high of 23.7m ounces accounting for 30% of the world's total
2. Industrials: Significant purchaser for industrial use eg. high-end consumer electronics, electric cars, LEDs and printed circuit boards. The LED sector: tariffs imposed on more than 30 lighting applications. Consumption of gold for industrial purposes fell by 9.6% yoy during the 4Q 2018.
3. Central Bank Purchases: PBoC increased its gold reserves in Dec 2018 for the first time since October 2016. It purchased 351,000 ounces during December, followed by a further 1.16m ounces during the first quarter of 2019.
The PBoC held just 2.4% of its $3.1 trillion forex reserves in gold at the end of 2018. The U.S. Federal Reserve holds 74 percent of its reserves in gold, while Germany's Bundesbank holds 70 percent.
4. Retail Investors: Purchased 10.7m ounces of gold bars and coins in 2018
Safe Haven: The RMB has lost one-third of its value against gold since June 2007.
Source: CME Group
https://www.thestreet.com/markets/commo ... yptr=yahoo
Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19
Posted:
Mon May 20, 2019 3:30 pmby behappyalways
Australian finds A$100,000 gold nugget using metal detector
https://www.bbc.com/news/world-australia-48331769
Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19
Posted:
Mon May 27, 2019 7:52 amby winston
Gold: 1275.70, -10.50
Diving lower Thursday and Friday, the same action as in late March and early April: as soon as gold rallies some, it gets sold hard.
Source: Investment House
Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19
Posted:
Mon Jun 03, 2019 8:03 amby winston
Gold: 1311.10, +18.70
Exploding higher, breaking the downtrend from the February peak.
Gold is breaking out from the handle of the 13 month cup with handle base.
Source: Investment House
Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19
Posted:
Mon Jun 10, 2019 8:44 amby winston
Gold: 1346.10, +12.50
Continued the surge up to the February high.
If all is well, why is gold surging? Economic data weaker?
Fed going to cut rates? Both are valid.
Source: Investment House
Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19
Posted:
Mon Jun 10, 2019 5:25 pmby winston
China Is Buying More and More Gold as the Trade War Drags On by Ranjeetha Pakiam
The People’s Bank of China increased its bullion reserves to 61.61 million ounces in May from 61.10 million a month earlier, according to data released on Monday.
In tonnage terms that’s a rise of 15.86 tons, after almost 58 tons of gold were added to the nation’s stockpile in the five months to April.
Source: Bloomberg
https://finance.yahoo.com/news/china-bu ... 43543.html
Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19
Posted:
Sun Jun 16, 2019 9:28 pmby winston
Gold: 1346.10, +12.50
Continued the surge up to the February high.
If all is well, why is gold surging?
Economic data weaker? Fed going to cut rates? Both are valid.
Source: Investment House