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should be 133.70
Approaching the Maginot-line. - According to Greyerz, 1350 is the 'Maginot line', a line of resistance. The original Maginot line was a line of defence/resistance built by the French to prevent a German invasion. It was breached in a few days in 1940. - Let's hope it can be breached in a few days in 2019.
'Imagine me on the Maginot line
sitting on a mine in the Maginot line'
(George Formby war-time song)
ut trade come in at an important level after auction - possibly strong move now - but wtfdik
Looking for 160p here BTW.
96 recently and around the same some time ago IIRC - big Gold & Silver mining plays are 70% of my buys this year.
$1,338 just tapped so, yeah, it's looking pretty good - likely get a bit of a retrace from here perhaps but no matter, the flag has well and truly dropped for Gold & Silver IMO.
bonker I agree it will happen, just not yet
Looking good here anyway! Patience beginning to be rewarded. What was your lowest purchase?
Morning - looking good.
June rate cut being dialed in but won't necessarily happen of course but I think it may in July.
Anything up to $1,360 from here is doable ahead of that IMO.
Morning - looking good.
June rate but being dialed in but won't necessarily happen of course but I think it may in July.
Anything up to $1,360 from here is doable ahead of that IMO.
Gold trades above $1,330, highest since February
Spot gold traded above $1,330 per ounce, highest since last February as the investors to turn to gold and other assets in light of the latest tech stock slump, as well as the recent comments made by the Federal Reserve Chairman Jerome Powell. Speaking at the Federal Reserve Bank of Chicago, Powell said that the Fed is ready to act to "sustain the expansion" amid trade worries.
Gold climbed 0.65% to go for $1,334.10 per ounce at 8:36 am CET, while silver jumped 0.43% to sell for $14.88 per ounce at the same time. Platinum gained 0.51%, changing hands for $824.21 per ounce at 8:37 am CET, while the price of palladium dropped 0.56%, to go for $1,341.20 per ounce a minute later.
Breaking the News / MA
Europe trades slightly higher premarket, Italy in focus
Major markets in in Europe were in the green on Wednesday during premarket trading in London, Paris and Frankfurt, with minor gains expected at the start of today's session. Investors focused on reports that the government in Rome was mulling breaching the 3% budget deficit ceiling. Meanwhile, local media reported that the European Commission was set to launch an infringement process against Italy later today.
The FTSE 100 was 0.06% higher during premarket at 8:49 am CET. The German DAX increased 0.04%, while the French benchmark CAC 40 rose 0.03%.
The euro gained 0.10% against the greenback to sell for 1.1262 at 8:50 am CET.
Breaking the News / BM
+ 0.60% + $7.89. $1333.42
High of the day $1334.17
towards multi year highs - watch for auction and gap up -
I thought he may have retired from this stock...
Platinum jumps over 3% as gold reaches 3-month high
Precious metals traded with gains on Monday as investors sold their tech stocks on Wall Street on reported preparations of broad antitrust probes into practices of Facebook, Google, Amazon and Apple. Meanwhile, President of the Federal Reserve Bank of St. Louis James Bullard said that an interest rate cut "may be warranted soon" amid global trade tensions and weak inflation. Increased probability of an interest rate cut coming on July 31 was also seen by CME.
Platinum spiked 3.52% at 10:32 pm CET, going for $822.14 per ounce, its highest level in two weeks. Gold traded at the highest level since February 27, increasing 1.46% and selling for $1,324.74 per ounce at 10:33 pm CET. Silver extended gains at 10:35 pm CET to reach level unseen since May 16, at $14.79 per ounce.
Palladium, which is widely used in the auto industry, added 0.11% at the same time, selling for $1.329.92. Earlier in the day, Fiat Chrysler and Toyota reported higher sales in the United States last month.
Breaking the News / NI
He's most probably very busy with his ongoing work in Egypt.
I'm certain he hasn't forgotten about his friends on here though and from past experience that before much longer he will be popping in,especially if he has has come across any reliable news that he feels is important.
what ever happened to Silko
gold may go ballistic and sp here leveraged to gold price
everyone wants gold at the same time shorts here trying to close
Very interesting links Goldgnome!
So was this
ABC News (Australia)
Published on 8 Oct 2018
Four Corners investigates the secret tactics used by global chemical giant #Monsanto to protect its billion-dollar business and its star product — the weed killer, #Roundup.
It would seem that Centamin too are aware of rising costs which is why they are commuted to installing the solar power plant.
Tech giants under investigation
On Wall Street, investor sentiment was affected by reports that the United States Government is gearing up to investigate the massive market power of Amazon, Apple, Facebook and Google, in what would be an unprecedented, wide-ranging probe.
Facebook is everyone's favourite punching bag, but Silicon Valley's claims about ethics don't always stack up...DID THEY EVER LOL
The Dow Jones index ended just above breakeven at 24,820 points, while the broader S&P 500 slipped by 0.3 per cent.
However, the Nasdaq was the biggest loser, falling 1.6 per cent and entering correction territory — the tech-heavy index has lost more 10 per cent since hitting a record high in early May.
Technology companies are facing a backlash in the US and across the world, fuelled by some people's belief that the firms have too much power and are exerting a harmful effect on users and competitive marketplaces.
US President Donald Trump has called for closer scrutiny of social media companies — accusing them of suppressing conservative voices online, but without presenting any evidence...BUSINESS AS SUAL FOR TRUMP.
My take is that there is definitely a changing of the guard in terms of monetary systems (and broader), and all I can say is thank goodness for that. The old WW2 system has been shown to be well past its used by date, and severely compromised and conflicted (ust look at the density of crisis, scandals, fines etc), and certainly not suited for the modern world. Just looking at the massive inequality in wealth the system has created. The wastage it has created, where people run around buying tings they do not need, and a lot of times do not even use...etc.... No self respecting engineer would be happy with creating such a system.
A thought provoking documentary is at the below link
Gold is in the monetary system, as who would ever trust a group of private bankers to run a system efficiently and effectively.
“There’s an old saying, a wise man points at the moon and the idiot looks at the finger,” says Charles Gave, founding partner and chairman of Gavekal Research.
Tariffs, soybeans, and rare earth metals steal the headlines when it comes to US-China trade tensions, but these are just tools or weapons of warfare in a much larger battle over money and sovereignty, and China is playing the long game, Gave told Financial Sense in a recent interview on FS Insider (see China Preparing for a Monetary War, says Charles Gave).
The US dollar serves as the world’s reserve currency and is used for pricing and trade by a majority of nations around the globe. However, Americans have decided to weaponize the dollar, Gave stated, making any transactions between two nations susceptible to US action or scrutiny.
This is a “big loss of sovereignty” by other nations, Gave said, and China is taking the lead in forming an “alternative trading currency to the dollar.”
This is a real fight, he told listeners, and China is playing the long game.
“The fight that you hear about semiconductors and all that isn’t so important—the real fight is to know who will have the imperial money in Asia. Will the Chinese be able to buy their oil in renminbi from Russia, for example, and not priced in dollars? That will change the geopolitics of oil big time.”
Gave said China is also creating a new IMF, a new World Bank, and opened a futures market for oil in Shanghai, which now has the 3rd largest trading volume in the world, allowing people to buy oil in renminbi instead of the US dollar.
This is basically “a blow to the sovereignty of the US dollar as a reserve currency,” he said. In terms of a trade deal, if one were to occur, it’ll be a temporary victory in a power struggle for years to come.
Recess just so. Is the gold rise a suckers rally as we have seen so often after similar Trump surprises, or finally for real. the Grand Old Duke of Gold marched up to 1360 or so, and then marched right back down again so often. We have tried to get beyond that hill for years, while costs have been rising reducing our profit as each time the 1360 deliver less. So will this rise too turn and lead to even bigger miner falls?
Gosh hope not but we’ve been burned so many times......
Hello Rebess... My thoughts are anything can happen. If Centamin release an RNS that the market likes the share could go up every day for ten.
Of course this is a forward sounding comment but it is totally possible.
Trump could also say something that sends the gold price tumbling.
For ever (it seemed like) Cey traded in the £1.60’s then the £1.30’s this trading history leads me to believe what I said with the right RNS the share price could rise every day for ten.
Know one knows but in my book Centamin are worth a lot more than 98p
I wish you and all our friends the best in the coming months.
Good to see everyone in good spirits after todays rise and why shouldn't they be. - For myself, whilst pleased. learning from the past, I won't get too excited. - Good news has proved to be too short-lived in recent times so I'm always expecting cold-water to be thrown on our excitement. - Let's hope I'm wrong.