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Hi Uncertain,
Good to see you pop up here again. I am watching but not posting much at the moment. What is there to say other than we've got down again and are a bit stuck. Looking good from next year and particularly the year after IMO but just have to hope gold stays strong for long enough for the market to start pricing that good news in.
Good luck playing oil.
Best wishes,
Prof
Gold's hourly channel is still intact - possibly steepened in fact.
10 year bonds now 1.358% so looking good for another step up IMO.
Or is that too simplistic.
As always, contradiction most welcome!
Sure it strange, jumped into HUM as well as both look very undervalued here and in an ideal world would both be much higher concidering their prospects and debt
Hopefully, as I said I still have my whole holding taken between 106 and 108 and hope your right. I held down to 101 and will continue to do so, just a strange day for the miners taking into account the break of 1800
lodan1,
Did you not notice all those 100 and 200 AT trade sells thats just hit ? I think the bottom is in now.
I'm still holding but starting but its starting to look a bit ominous if gold takes a turn down from here....not sure £1 will hold next time. Gold over 1% up cey down
darren123,
Thats what they want you to do, the Bull market doesn't like passengers.
All the best.
Thought we might be on the verge of a breakout but turning out to be another none starter, getting dissolutioned with the direction this is heading and starting to think about selling
uncertain,
Can we hear your Bull case for Oil. Its already near $80 Brent ! I think rise in oil is just getting a head of inflation. Saudi won't want it much over $75 as it will hurt world economies. If Goldman say its going to $100 its usually best to take the other side of that trade.
DXY pump in play as the S&P craters - it's never simple is it? :)
Hi Sotolo, Razorsedge tracked me down on CASP and said you had mentioned me. I am not currently invested in gold miners but amexpecting a larger increase in the price of oil. I just thought I would drop in here and let you know I am still alive.
The trade weighted dollar exchange rate may have more to do with the current rise in gold IMO. Is the cat dead? We shall have to wait and find out? Pobably is though.
30 year <2%
TREASURIES EXTEND ADVANCE; 10-YEAR YIELD FALLS TO 1.355%
Got yield?
ISM Services dropped to 60.1 in June, way below expectations. Employment and inventories dipped below 50.
#StagFlation baby
Make that 1.385
1.3783%
Aye - so only about a 3% loss on your money at that rate (which is more like 8% in the real world).
Shaken not stirred MrBond?
U.S. TREASURY 10-YEAR YIELD FALLS TO SESSION LOW 1.395%
It will be interesting to watch AU price in one hour when Wall St opens, possibly more tricks left .
https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
Fed Borrowing now doubled since 2016, 8 Trillion total, up up and away
Morning.
Looking good here and very good for Gold.
Yes we just missed the death cross in gold, however as Uncertain, who I very much miss, would have said is this a dead cat bounce or the real thing and how can we know as we cannot see inside Shrodinger's box. Will we see the golden cross or the death cross next? What a funny time in gold but I thoroughly agree with InstantExpert's article and have kept posting that gold should be the inverse of the real interest rate (ie TIPS) not the nominal interest rate it is inversely tracking, and at some point this must come right; I only see real rates falling - the true result of the much higher inflation we are seeing with only slightly rising rates. Along with our recovery we should be in clover in later 2022/2023. Anyway to some good news for another I have hung on to, at least my tiddler Omi is more cheerful this am up 40% so far, though overslept and missed nabbing more at 8.01 as still too sleepy!
And Golden Cross Due 1830-40 depending on speed of movement.