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https://smaulgld.com/is-jp-morgan-going-down-in-flames-law-firm-moves-to-create-class-action-lawsuit/
Cars and housing in USA down....QE in EU to end....Fed tightening.....China unknown basket case .....neg growth in Germany and Japan,,,,Stock Market tremors await main event.....Bond market yield curve....no interest rate bullets reloaded.....I think I will stay in Gold. Even if Brexit or Tariffs resolved.
Just had this.....I have no idea what he will say but headline is 95tons to India.......Do you read tea leaves.
https://smaulgld.com/indian-gold-imports-double-in-august/
India and Asia tend to buy this part of the year for the marriage season......Or do you mean central bank? Iran has taken Gold for payment of oil in the past to avoid sanctions. India takes Iranian oil so may pay as Turkey did by Gold. We will see. Gold used as money....it will never catch on...!!
So the much touted 8-9p has not happened!!!...I had hoped for 3p and I am wrong too.
Gold shares and Gold is not golden at the moment and that is where our problem stems. I am in HUM and we are heading to more cash than value, it should be like defying gravity. POG only about $1200.
Until the dollar loses some strength or a hiccup in the global expansion we will likely fall short. Jim Rogers reckon gold to go lower and then away. I do not think we will go lower but my name is not Rogers. Either way we will have to wait, and wait I will. I am not good enough to day trade.
We have a massive short in Gold and Silver on the Comex which is probably mirrored world wide. When they cover the price will make a small rise I think and then the fizz buying will start in Asia. We need to lower expectation short term and remember everything is as advertised by the company except the stock price.