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Market Sentiment shifting

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2 weeks 5 days ago #120624 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
And Gold bounces off the bottom of it's range once again.

Some big investors see warning signs ahead for markets but are holding their positions. Egyptian billionaire Naguib Sawiris is taking action: He’s put half of his $5.7 billion net worth into gold.

He said in an interview Monday that he believes gold prices will rally further, reaching $1,800 per ounce from just above $1,300 now, while “overvalued” stock markets crash.

“In the end you have China and they will not stop consuming. And people also tend to go to gold during crises and we are full of crises right now,” Sawiris said at his office in Cairo overlooking the Nile. “Look at the Middle East and the rest of the world and Mr. Trump doesn’t help.”

www.mining.com/web/billionaire-says-hes-...&utm_campaign=digest

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4 weeks 1 day ago #120570 by Gambler
Gambler replied the topic: Market Sentiment shifting

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1 month 1 week ago #120468 by Gambler
Gambler replied the topic: Market Sentiment shifting
Gold now at $1348, looks like another failed attempt to break upper resistance

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1 month 2 weeks ago #120411 by alexgreat
alexgreat replied the topic: Market Sentiment shifting
Another bullet fro the US$


www.globaltimes.cn/content/1095841.shtml

The Shanghai debut of China's first yuan--denominated crude futures trading market on Monday proved a great success, with major domestic and foreign traders displaying active interest. Total turnover amounted to 18.3 billion yuan ($2.9 billion) on the first trading day.

The market's better-than-expected performance is believed to have significantly contributed to the recent strength of the yuan on global currency markets.

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1 month 3 weeks ago #120381 by Gambler
Gambler replied the topic: Market Sentiment shifting
Goldman Sachs is expecting gold to "outperform" over the coming months.

www.cnbc.com/2018/03/26/goldman-sachs-ex...rket-correction.html

For the first time in more than five years, commodity analysts at the U.S. investment bank are bullish on yellow metal prices. Goldman's analysts said signs of an uptick in inflation and the "increased risk" of a stock market correction should both prove to be price supportive for bullion.

"Our commodities team believes that the dislocation between the gold prices and U.S. rates is here to say," Goldman Sachs analysts, led by Eugene King, said in a research note published Monday.

"Based on empirical data for the past six tightening cycles, gold has outperformed post rate hikes four times," the analysts added.

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1 month 4 weeks ago #120369 by RonS
RonS replied the topic: Market Sentiment shifting
Comex Gold now at $1350, heading for another test of $1370. This time we break out

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3 months 2 weeks ago #119871 by alexgreat
alexgreat replied the topic: Market Sentiment shifting
From GATA

Rather than congratulate the U.S. Commodity Futures Trading Commission for taking note last week of the manipulation of the monetary metals futures markets, silver market rigging whistleblower Ted Butler today notes acerbically that the violations just cited by the commission took place during its interminable investigation of the silver market, which found ... nothing at all!

silverseek.com/commentary/unfinished-business-17082

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3 months 3 weeks ago #119835 by lynnsa10
lynnsa10 replied the topic: Market Sentiment shifting
Have to agree with Dave here on Gold

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4 months 2 weeks ago #119726 by Gambler
Gambler replied the topic: Market Sentiment shifting
Another story on lack of US gold reserves
www.rt.com/business/414610-us-low-quality-gold/

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4 months 2 weeks ago #119725 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
2018 is going to be a good year for Gold and Michael Kosares is predicting $1500 area

www.usagold.com/cpmforum/2018/01/01/prediction-2018/

Attachments:

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5 months 5 hours ago #119691 by lynnsa10
lynnsa10 replied the topic: Market Sentiment shifting
Gold has held up very good during December weakness, I think it is a sign of underlying strength, to much fiat $$ bubbling around. 2018 should be very good

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5 months 2 weeks ago #119612 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
Looks like more paper gold is needed

The World Gold Council has filed for a new physical gold ETF. The Gold Trust will be very similar to the $35 billion SPDR Gold Trust (GLD), the world’s largest gold fund, but with key differences.

At first glance, the fund looks like it will go head to head with GLD, but maybe not. It seems unlikely the World Gold Council would want to cannibalize a successful existing product that already has its backing. The filing is actually quite vague, with a lot of information—including the ticker and expense ratio—left blank.

GLD’s main competitor is the iShares Gold Trust (IAU). A share of IAU represents ownership of 1/100th of an ounce of gold. However, one share of GLD represents 1/10th of an ounce of gold.

www.etf.com/sections/daily-etf-watch/new...etf-filed?nopaging=1

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