The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I think the bottom is $1,650 - $1,700
Silo - you need to get out more
What a dull, uninformed and delayed statement
We are actually holding this level pretty well despite golds bearish sentiment. There is also an inverted correlation between the mining sector and the drop in gold compared to previous falls whereby it is actually holding up pretty well
Slope of hope?
I thought Basel 111 was due jan 23?
Unfortunately it’s more than likely to drop
Whole market will be down today as bond yields continue to rise
Speedy I retract my statement
There is a plethora of reasons gold is dropping in price. But we also all know that there is a plethora of reasons why gold will and should be rising:- when will the tide turn
Probably just a glitch
Speedie the gold price is getting smashed because bond yields are rising. Traders are selling gold because they think that rising bond yields signal high inflation, they are pricing in the FED raising interest rates, which should will then strengthen the dollar.
The FED can’t raise interest rates because it will cause the house of cards to collapse and the FED knows that, but traders haven’t worked that out yet.
When traders and investors work this out and they realise the only thing the FED can do to stop bond yields rising is by upping its QE programme, that is when the price will fly.
It has little to do with short positions..
In the gold market today
Is this the tide turning?
Here’s why;
If the price of BTC goes down, and he doesn’t sell, Tesla can write it off as a loss.
Notwithstanding this, if the price rises and he doesn’t sell, he doesn’t have to declare it as a gain and thus does not need to pay any tax on it.
Outrageous really
True market bottoms don’t hang around to provide the perfect entrance:- it will be like snapping a rather large elastic band at full tension
Hahaha
Can I have some of what you’re smoking?
Bigger seller.. £1m sell just popped up from yesterday afternoon
God help us when they release the remaining SW results... that will really put a cat amongst the pigeons
It is not a case of buys van sells it is the price at which buyers are willing to buy, and sellers are prepared to sell:- simples
You’re not doing too bad then.
Give GDXJ are down around £20m
Always someone worse off..
What news is that ?