Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

847 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

Gold, Discussion
blacksheep
post Posted: Dec 7 2019, 02:49 PM
  Quote Post


Posts: 6,791
Thanks: 2304


Gold rally foiled again as payrolls torpedo weekly gain
Bloomberg News | December 6, 2019
QUOTE
Just when it looked like gold’s rally had gotten back on track, the US payrolls report came along.

The number of jobs added to the economy jumped 266,000 last month, the most since January, according to a government report Friday that topped all estimates in a Bloomberg survey calling for 180,000 jobs.

Gold has struggled to sustain recent rallies as resilient US economic data and bets on progress toward a U.S.-China trade deal limit demand for the metal as a haven. That weakens the case for more cuts on U.S. borrowing costs, further damping the appeal of the non-interest-bearing precious metal. Prices are down more than 6% from a six-year high reached in September.

The jobs report “is a blow-away number: It means there will be no more interest-rate cut, which is bearish for gold,” says Phil Streible, senior market strategist at RJO Futures.

read more - https://www.mining.com/web/gold-rally-foile...do-weekly-gain/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 28 2019, 10:03 AM
  Quote Post


Posts: 6,791
Thanks: 2304


Huge bets that gold could triple to $4,000 trade in New York
Bloomberg News | November 27, 2019

QUOTE
The gold options market saw $1.75 million in block trades betting the precious metal could almost triple in more than a year, surpassing the record.

Around noon in New York, 5,000 lots for a gold option giving the holder the right to buy the precious metal at $4,000 an ounce in June 2021 changed hands. The bets were sold at $3.50 an ounce.


“It’s like 18-month term life insurance; what will the world look like if gold is at $4,000,” Tai Wong, the head of metals derivatives trading at BMO Capital Markets, said in an email. “They are hoping for a quick violent move,” he said, referring to the people who bought the call options.

Gold futures climbed to a record $1,923.70 an ounce in 2011 as the Federal Reserve bought over $2 trillion of debt to stimulate the U.S. economy. While bullion has rallied 14% this year, the precious metal is still 24% below the current all-time high.


read more - https://www.mining.com/web/huge-bets-that-g...de-in-new-york/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
joules mm1
post Posted: Nov 9 2019, 09:13 AM
  Quote Post


Posts: 1,115
Thanks: 270


smash n grab a sell full
weekly bars:
Attached Image


in the above view, do we have an analogue for mid 2017 sell with a bid "hook" ?of course there's no way to know that but it does warn that even tho we have a clean trend construct south there's enough bids to cause a rip


below view, price respects prior swing symmetry, confirms trend construct.......so far
Attached Image





--------------------
. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
joules mm1
post Posted: Nov 8 2019, 10:25 PM
  Quote Post


Posts: 1,115
Thanks: 270


Mick

more discounted stocks to come monday

very orderly decline, trend construct $xauusd

Attached Image





--------------------
. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
joules mm1
post Posted: Nov 8 2019, 12:34 PM
  Quote Post


Posts: 1,115
Thanks: 270


In Reply To: mullokintyre's post @ Nov 8 2019, 10:09 AM

getting there, wherever that is
XGD0.0000.0006,535.400-372.100 -5.40%



--------------------
. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
mullokintyre
post Posted: Nov 8 2019, 10:09 AM
  Quote Post


Posts: 1,984
Thanks: 751


In Reply To: joules mm1's post @ Nov 8 2019, 09:43 AM

Not sure what you are telling me there.
The XGD is down 3.7%.
I had expected much higher falls, especially given the sorts of increases on the way up.

RMS down 7$% is the biggest fall in my watchlist.
Looking for RMS and SLR to be both at sub $1.00.

Especially as both have seen increases in shorts last few weeks.


Mick



--------------------
sent from my Olivetti Typewriter.
 

sentifi.com

Share Cafe Sentifi Top themes and market attention on:


joules mm1
post Posted: Nov 8 2019, 09:43 AM
  Quote Post


Posts: 1,115
Thanks: 270


In Reply To: mullokintyre's post @ Nov 8 2019, 09:24 AM

huh ?

XGD

0.000

0.000

6,659.600

-247.900

-3.60%

huh.gif



--------------------
. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
mullokintyre
post Posted: Nov 8 2019, 09:24 AM
  Quote Post


Posts: 1,984
Thanks: 751


In Reply To: mullokintyre's post @ Nov 7 2019, 08:43 AM

Another big fall in gold and silver last night after announcements about a trade deal "soon"/
Still only one of my low ball bids partially filled.
Why are the gold stocks not going down further??

Mick



--------------------
sent from my Olivetti Typewriter.
 
mullokintyre
post Posted: Nov 7 2019, 08:43 AM
  Quote Post


Posts: 1,984
Thanks: 751


In Reply To: joules mm1's post @ Nov 6 2019, 10:11 PM

None of my low ball bids got met yesterday.
Hoping for more falls today.
Mick



--------------------
sent from my Olivetti Typewriter.
 
joules mm1
post Posted: Nov 6 2019, 10:11 PM
  Quote Post


Posts: 1,115
Thanks: 270


$xauusd looks like it wants another slalom run, bids have been lacking, other recent downswings were at least active enough to display intent to buy the dip, this time it's very quiet



--------------------
. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
 


847 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING