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Market Sentiment shifting

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6 months 1 week ago #118402 by Gambler
Gambler replied the topic: Market Sentiment shifting
Looks like they whacked Gold to a new low between 2 am and 3 am this morning, down to $1204 but was a useless attempt now up to $1214

Interesting plug by Rickards on June 26th flash crash

dailyreckoning.com/tale-two-gold-markets/

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6 months 1 week ago #118380 by lynnsa10
lynnsa10 replied the topic: Market Sentiment shifting
Looks like there will be more paper Gold created in London

The London Metal Exchange (LME) and World Gold Council have just confirmed that their new suite of London-based exchange-traded gold and silver futures contracts will begin trading on Monday. These futures contracts are collectively known as LMEprecious.

These LMEprecious gold futures and silver futures contracts represent unallocated gold and silver and there is no direct connection in the contracts to physical gold or physical silver, since settlement is via unallocated gold and silver balance transfers across LME Clearing unallocated metal accounts at member banks of London Precious Metals Clearing Limited (LPMCL).

www.bullionstar.com/blogs/ronan-manly/bu...gold-silver-futures/

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6 months 2 weeks ago #118368 by RonS
RonS replied the topic: Market Sentiment shifting
Gold knocked down in thin trading in wee hours after US holiday hammer shows at 7am
lets see how stop/losses react this morning
Attachments:

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6 months 2 weeks ago #118363 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
Weekly Commentary
Time to be buying at the bottom

A number of the individual company charts are showing signs of having exhausted their downtrends, for the time being at least. They have started to move sideways through the trendlines of immediate downtrends, which could be the start of a turnaround. A number of gold producers have completed their correction patterns (short term downtrends) and recaptured longer term uptrends. This is an early buy signal that augurs well for the next few months provided that the gold price itself does not collapse. The first two weeks of July are often quiet with school holidays taking players away from the market, but
volumes should pick up in the back half of July.

www.fareastcapital.com.au/imagesDB/newsl...lyComm30June2017.pdf

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6 months 2 weeks ago - 6 months 2 weeks ago #118356 by RonS
RonS replied the topic: Market Sentiment shifting
Good time for monthly US$ chart, you can see the $ has dropped 4 months in a row and the expected sideways trading was giving way to a significant correction. Sideways trading would not surprise me and put in a right shoulder to the topping pattern. A drop below that 93 area would be very negative for the dollar.

More likely a bounce up to test 100 again, before a more significant correction

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Last Edit: 6 months 2 weeks ago by RonS.

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6 months 2 weeks ago #118355 by RonS
RonS replied the topic: Market Sentiment shifting
No surprise another short attach or intervention during thin holiday trading, but the US$ was breaking down and might have been the main driver for the hit 2 weekends in a row. If you remember I expected the US$ to go sideways between $0.98 and $1.02 area and we were falling below 96 last week.

Will put a chart up here

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6 months 3 weeks ago #118333 by RonS
RonS replied the topic: Market Sentiment shifting
Check out Daily charts, interesting divirgence between US and Gold, should see a move up in Gold
www.playstocks.net/index.php/market-trends/chart-of-the-day

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6 months 3 weeks ago #118320 by DearJohn
DearJohn replied the topic: Market Sentiment shifting
Still trading around $1249 to $1250, it has filled the gap from Sunday take down with series of higher lows, looks like we might break higher

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6 months 3 weeks ago #118309 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
Comex Gold at $1249, that knock down early Monday AM not having much of an effect

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6 months 3 weeks ago #118296 by lynnsa10
lynnsa10 replied the topic: Market Sentiment shifting
Gold drop, another fat finger trade at wee hours Monday morning LMAO. How many times have we seen this Sunday evening Monday morning plunge now

www.zerohedge.com/news/2017-06-26/gold-c...on-fat-finger-blamed

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6 months 4 weeks ago #118270 by DearJohn
DearJohn replied the topic: Market Sentiment shifting
JP Morgan has made 100% winning trades in silver for 9 years in a row now. Is that not a red flag?

silverseek.com/commentary/rigged-game-16689

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6 months 4 weeks ago #118262 by RonS
RonS replied the topic: Market Sentiment shifting
Just over $1250 now, maybe this support level around $1250 will hold, lets see if we make it through the week

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