Member Info for readthecandles

This is accumulation and distribution at its finest

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..