Market Sentiment shifting

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6 months 2 weeks ago #121198 by lynnsa10
lynnsa10 replied the topic: Market Sentiment shifting
Central Banks are big buyers 1st half of this year and now Poland joins in

Poland has embraced gold this summer, purchasing the yellow metal at a pace not seen in 20 years, according to the International Monetary Fund data.

Taking advantage of lower prices, the European country added nine metric tons to its gold reserves in July and August, which marked the biggest acquisition since 1998. The purchase is valued at around $355 million based on current gold prices.

“The NBP [National Bank of Poland] reserve management policy is based on diversification,” mBank SA senior economist Marcin Mazurek told Bloomberg. “Perhaps the basic criterion is the low price of the gold, combined with the expectation for higher global inflation.”

Even though the country’s gold holdings are still not even in the top 30, the purchase bumped the Polish bullion reserves to the highest level since 1983. Poland’s gold reserves now stand at 112.3 metric tons.

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6 months 2 weeks ago #121194 by Gambler
Gambler replied the topic: Market Sentiment shifting
Short Squeeze May Send Gold Price Spiking
October 2 (King World News) – John Ing: “The reason the gold market is spiking today is because of the crisis in Italy. This raises the prospects of the EU falling apart. Eric, if we see another $10 surge, we will see a major scramble that will create a major short squeeze in the gold market…

kingworldnews.com/gold-spikes-17-silver-...d-may-spike-to-1375/

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6 months 3 weeks ago #121162 by Gambler
Gambler replied the topic: Market Sentiment shifting
Fed rate news today, Gold often rallies after the rate hike. We will soon find out

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7 months 2 weeks 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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7 months 3 weeks 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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8 months 2 weeks ago #120891 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
US$ Index still stuck in it's trading range

Attachments:

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8 months 4 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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8 months 4 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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9 months 6 days 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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9 months 2 weeks 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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9 months 2 weeks 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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9 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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