Market Sentiment shifting

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3 months 2 weeks ago #124838 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment has shifted
Markets still screwed up, Comex Gold up $6 and spot down $8 at Kitco

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3 months 4 weeks ago #124774 by alexgreat
alexgreat replied the topic: Market Sentiment has shifted
Global gold-backed ETFs (gold ETFs) and similar products added 84.5 tonnes(t), or net inflows of US$4.9bn, across all regions in February, boosting holdings to new all-time highs of 3,033t.1 Combined with a gold price increase of nearly 2%, assets under management (AUM) grew 4.4% in US dollars during the month, breaching the previous September 2012 record high. At that time, the gold price was 10% higher than current levels, highlighting two interesting trends: 1) the global growth in gold ETFs outside of the US; and 2) that US investors have not yet increased their gold allocations as much as they did in 2012.

from world gold council

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4 months 23 hours ago #124758 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment has shifted
Nice move in gold today. Let the bull out of the cage

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4 months 2 weeks ago #124575 by lynnsa10
lynnsa10 replied the topic: Market Sentiment has shifted
Gold prices surged to new record highs in euros today at E1,456 per ounce as the single currency came under selling pressure.

The record highs are due to safe haven demand due to a weaker euro as the German and eurozone economies slow and on concerns about the impact of a slowing global economy on risk assets.

Gold prices are up more than 7% in euro terms so far in 2020, building on the 22.7% gains in euros seen in 2019

news.goldcore.com/gold-surges-to-new-all...-eur-1456-per-ounce/

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4 months 3 weeks ago #124562 by Gambler
Gambler replied the topic: Market Sentiment has shifted
The U.S. Department of Justice investigation of criminal activity in the precious metals markets has taken an interesting new turn.

According to Bloomberg, prosecutors are targeting the bank itself and not just the individual traders involved in rigging prices. If convicted, the bank as an institution could be held accountable for years of structured and pervasive cheating.

The DOJ investigation of JPMorgan’s metals trading desk began more than two years ago. It came on the heels of a guilty plea by Deutsche Bank.

www.moneymetals.com/news/2020/02/10/jpmo...price-rigging-001962

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5 months 2 weeks ago #124343 by DearJohn
DearJohn replied the topic: Market Sentiment has shifted
Gold prices are set for their strongest annual increase since 2010, as worries over global economic health triggered a surge of interest in precious metals, while palladium soared more than 50% to record highs thanks to supply shortages.

Silver and platinum, which like gold are often seen as safe investments in uncertain times, also saw their largest annual gains in several years.

“An environment of low rates, persistent macro uncertainty, and elevated equities makes a case for holding gold as a hedge”
Stephen Innes, market strategist at AxiTrader

Many analysts say prices are likely to rise further in 2020, with shaky growth and global stock markets potentially looking unsustainable at record highs.

Central banks are also buying more gold and have flipped from tightening to loosening monetary policy, pushing interest rates and bond yields down and making non-yielding precious metals more attractive to investors.

www.mining.com/web/golden-year-for-preci...-sees-glistening-run

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5 months 3 weeks ago #124256 by alexgreat
alexgreat replied the topic: Market Sentiment has shifted
Struthers has been very good on gold movements, all the main analysts are way out to lunch.

The extent of gold’s rally caught most market watchers by surprise. Hedge funds speculating in futures were net short as recently as April and even ardent bulls’ predictions fell well short.

The 2019 entries for the London Bullion Market Association long running forecasting competition show how bearish the consensus view was at the beginning of the year.

The 30 investment and institutional analysts in the competition predicted gold would average $1,311 during the course of the year and even the most bullish – Rene Hochreiter of Noah Capital Markets/Sieberana Research in Johannesburg and Rhona O’Connell of INTL FCStone based in London – fell short of the actual average in 2019 of $1,392.60.

www.mining.com/gold-price-rally-surprise...rlds-top-30-analysts

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6 months 1 week ago #124136 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment has shifted
Sentiment sure shifted today. we have a break out. Here is the chart, can't stay long, XMAS party time

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6 months 2 weeks ago #124120 by alexgreat
alexgreat replied the topic: Market Sentiment has shifted
nice chart here shows the jump in gold M&A activity. A big bull market is on the horizon for miners.

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6 months 2 weeks ago #124111 by RonS
RonS replied the topic: Market Sentiment has shifted
Good article here on JP Morgans manipulation of precious metals and the criminal investigation

First of all, and as many of you are aware, the U.S. Department of Justice is actively pursuing criminal charges against at least six former J.P. Morgan precious metals traders, including the former head of global precious metals trading, Michael Nowak. Last week, it was reported that the DoJ and CFTC are actively seeking a postponement of the "discovery phase" of the current civil cases against JPM and a few other bullion banks. I'm not a lawyer, but I don't think this is unusual, as criminal referrals often take precedent over civil cases.

financefeeds.com/doj-cftc-push-complete-st ...

The key fact is that the criminal case is ongoing, and it is being pursued under the RICO statute. Why is that potentially important? See here: en.wikipedia.org/wiki/Racketeer_Influenced ...

www.sprottmoney.com/Blog/gold-price-mani...hemek-17-122019.html

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6 months 3 weeks ago #124067 by lynnsa10
lynnsa10 replied the topic: Market Sentiment has shifted
Well. a lot more $$ are moving into gold, at least paper gold

Gold-linked exchange-traded products are growing in popularity with investors. Assets held by gold ETFs have grown 38% globally in 2019.

In October, according to the World Gold Council, gold ETFs attracted $1.9 billion in net inflows to reach a new record high total gold holding of 2,900 tonnes – at least on paper.

There is good reason to be skeptical of whether all these “gold” vehicles actually hold physical metal sufficient to back their market capitalizations on a 1:1 basis. Some of them very well might; others almost certainly don’t.

In fact, many of these gold instruments hold futures contracts and other financial derivative products that merely “track” the gold price.

www.moneymetals.com/news/2019/12/10/gold...oldings-surge-001923

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7 months 6 days ago #123980 by lynnsa10
lynnsa10 replied the topic: Market Sentiment has shifted
DJ, interesting news.

The world would be scary at $4,000 gold but maybe our gold stock investments
could reduce some of the fright

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