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Market Sentiment shifting

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1 week 3 days ago #121027 by Gambler
Gambler replied the topic: Market Sentiment shifting
2.9% in wage growth in latest report is inflationary and good for Gold

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3 weeks 2 days ago #120970 by WealthyPlumber
WealthyPlumber replied the topic: Market Sentiment shifting
Ron's last report seems bang on, nice rally in Gold

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1 month 2 weeks ago #120891 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
US$ Index still stuck in it's trading range

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1 month 3 weeks ago #120855 by RonS
RonS replied the topic: Market Sentiment shifting
If the US moves to weak dollar policy, very positive for Gold

"The real risk is that we have broad-based unravelling of global trade and currency cooperation, and that is not going to be pretty," said Jens Nordvig, Wall Street's top-ranked currency strategist for five years running before founding Exante Data LLC in 2016. "Trump's rhetoric over the last 24 hours is certainly shifting this from a trade war to a currency war." ...

The Treasury Department declined to comment when asked whether the U.S. was entering a currency war.

The greenback will likely continue to suffer as investors heed Trump and back out of long dollar wagers, according to Shahab Jalinoos, Credit Suisse Group AG's global head of FX trading strategy. Hedge funds and other speculators are the most bullish on the currency in over a year, according to the latest data from the Commodity Futures Trading Commission.

"It has now been virtually defined as a currency war by the U.S. president, given that he explicitly suggested foreign countries are manipulating exchange rates for competitive purposes," Jalinoos said. "The barrage of commentary will likely force the market to scale back long dollar positions."

www.bloomberg.com/news/articles/2018-07-...-eu-for-manipulating

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1 month 3 weeks ago #120854 by alexgreat
alexgreat replied the topic: Market Sentiment shifting
Russia has left the top-30 list of top lenders to the United States by radically slashing US Treasury bills ownership. RT-polled analysts have shared their opinion on the move.

“Both political and economic reasons could be found here. The Central Bank may have thought that Russia-owned Treasuries could be frozen because of geopolitical tensions. The regulator announced in spring that it plans to diversify its reserves,” said Zhanna Kulakova, financial consultant at TeleTrade.

The analyst thinks the Russian central bank could re-invest the money from the sale into Chinese bonds and gold. “Gold is a tangible asset that can not be completely depreciated under any circumstances. In periods of global financial or political crises, gold will be much more useful than securities or cash,” Kulakova said noting that gold is also prone to price fluctuations from time to time.

www.rt.com/business/433950-russia-us-treasury-dumping/

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2 months 1 day ago #120838 by RonS
RonS replied the topic: Market Sentiment shifting
Right now seems everyone hates Gold

Data from Thomson Reuters’ Lipper research unit last week showed precious metals commodities funds posted nine consecutive weeks of withdrawals, with $2 billion pouring out in June alone, the most since December 2016.

U.S. fund investors pulled $1 billion from commodity funds, including those invested in the precious metal, the largest withdrawals since July 2017, Investment Company Institute (ICI) data showed on Wednesday.

www.reuters.com/article/us-usa-mutualfun...uters+Wealth+News%29

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2 months 1 week ago #120813 by Gambler
Gambler replied the topic: Market Sentiment shifting
Great interview here on Gold, inflation etc.

palisaderadio.com/jaime-carrasco-we-can-...the-storm-is-coming/

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2 months 1 week ago #120807 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
Looks like Gold is turning back up, it was probably taken down in price for the quarter end, the typical price management

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2 months 2 weeks ago #120799 by Gambler
Gambler replied the topic: Market Sentiment shifting
The share of dollar reserves shrank for five consecutive quarters as the greenback weakened in the first three months of 2018 on expectations faster growth outside the United States and bets that other major central banks would consider reducing stimulus. Still the dollar has remained the biggest reserve currency by far.

www.reuters.com/article/uk-forex-reserve...er-imf-idUSKBN1JR21G

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2 months 3 weeks ago #120763 by alexgreat
alexgreat replied the topic: Market Sentiment shifting
"Some people ask whether the Russian central bank sold them to support the ruble in April, but it's about changing allocation as reserves continue to grow," said Vladimir Miklashevsky, a senior economist at Danske Bank in Helsinki. "Rising U.S. yields have fueled the sell-off."

Russia sold $47.4 billion of Treasuries in April, more than any other major foreign holder of the U.S. securities, even as its reserves grew on the back of rising oil prices. Its stockpile of $48.7 billion is down from a 2010 peak of over $176 billion, ranking it only 22nd worldwide, according to data released Friday.

By contrast, the central bank keeps adding to its gold hoard, bringing the share of bullion in its international reserves to the highest of President Vladimir Putin's 18 years in power. The Bank of Russia said on Wednesday that its holdings of gold rose by 1 percent in May to 62 million troy ounces, valuing them at $80.5 billion. In May, Governor Elvira Nabiullina said gold purchases help diversify reserves. .

www.bloomberg.com/news/articles/2018-06-...fter-sanctions-scare

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3 months 3 days ago #120751 by alexgreat
alexgreat replied the topic: Market Sentiment shifting
Excellent chart here on silver gold ratio. Looks like bull market coming soon

kimblechartingsolutions.com/2018/06/silv...imble+Blog+Posts+RSS

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3 months 3 days ago #120730 by Gambler
Gambler replied the topic: Market Sentiment shifting
Gold broke above $1300 after rate increase, lets see if it can continue higher. Sell the rumour buy the news

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