Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
ETF Gold holdings rise by 8 tons
image
NEW YORK (Scrap Register): Gold-backed global exchange-traded funds posted a large inflow Wednesday, said Commerzbank.
This came as the U.S. Dow Jones Industrial Average fell by more than 800 points. Meanwhile, the gold ETFs tracked by Bloomberg registered an inflow of around eight tonnes yesterday, Commerzbank added.
This is attributable to the SPDR Gold Trust in the U.S. and was the first daily inflow into this ETF since July.
Gold ETFs track the price of the commodity, with metal put into storage to back the shares. They give investors exposure to the price of gold without costs such as assaying and storage.ATB
https://www.zerohedge.com/news/2018-10-12/gold-set-climb-over-1300-bofa-thinks-so ATB
Gold is holding its ground today given dollar is rising, worry is market isn’t crashing ,sell off past days was just a correction & US market takes off again hitting gold price, maybe I’m thinking too much short term ATB
https://www.investing.com/news/stock-market-news/jp-morgan-earnings-top-estimates-1641873, normally when they have blow out numbers when they report sp drops, so they’ll probably rise today on so so numbers ATB
See the US have bottled it again not naming china a currency manipulator, apparently they only failed 2 out of the 3 red lines that would have led to US calling them out!! Couldn't make it up, obviously this is setting things up for a meeting with trump & xi on tariff talks, all part of the game ATB
Yeah mate I'm watching closely, given the sell off in markets im amazed how well commodity prices Glen are majorly involved in have held up so well, hoping for a bounce in centamin & a drop in Glen & I could be back in here, though saying that I'm comfortable sitting in cey at moment till dust settles in world markets ATB
How’s it going jmo, just looked in & saw you’re post, I’m camped out in centamin at moment whilst keeping a beady eye on glen, remember you saying glen maybe revisit 274 a while back, do you still see this happening? was talking to Craig last week on cey board, think he’s on location this week starring in his new porn movie anal gang bang 3, you really have to have seen the first 2 though to be able to follow the plot!! ATB
Yes!! US market selling off into close, down over 500 points again, s&p falls to lowest level since July busting through
200 day moving avg,hopefully sell off continues in Asia overnight & gold catches a bid in morning ATB