Market Sentiment shifting

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3 years 4 months ago #222 by Gambler
Gambler replied the topic: Market Sentiment shifting
GLD is trading at about a -4.4% discount that seems about normal, but check this article from tfmetals

Since the low Dec 17,2015, GLD has added 163.16 metric tons, that is in just 10 weeks. The point made there that made the Royal Flush, Germany is going to take 7 years to get 300 tons, GLD does over half that in 10 weeks LMAF

www.tfmetalsreport.com/blog/7483/massive-inflows-gld

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3 years 4 months ago #221 by DearJohn
DearJohn replied the topic: Market Sentiment shifting
I noticed the discount on the Central Fund CEF.A has decreased significantly. That discount was at a record high just 2 or 3 months back, I think about 12%. Today the discount is less than 6%. Another sign of growing physical demand

www.centralfund.com/Nav%20Form.htm

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3 years 4 months ago #220 by RonS
RonS replied the topic: Market Sentiment shifting
Big news today, Blackrock suspended issuing new shares in ETF IAU due to heavy demand. There is something different happening in the Gold market as trading patterns have changed.

Have we come to the day where paper gold is about to fail??

www.zerohedge.com/news/2016-03-04/blackr...ance-due-demand-gold

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3 years 4 months ago #219 by DearJohn
DearJohn replied the topic: Market Sentiment shifting
In Gold circles, the Bank of England became famous for dumping a lot of their reserves at the bottom of the Gold market in 2000/02

Looks like Canada is going to take the trophy home this time as of end of February, the Loonie has no Gold


More at Zerohedge
www.zerohedge.com/news/2016-03-03/its-of...o-gold-reserves-left
Attachments:

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3 years 4 months ago #212 by RonS
RonS replied the topic: Market Sentiment shifting
This is pretty huge. In January, IMF experts said the Bank of Russia acquired 688,000 ounces of gold.

Reportedly the Chinese central bank purchased about 520,000 ounces of gold in January.

"This is a quiet attack on the almighty dollar. Russian President Putin buys a lot of gold without attracting much attention to it. As long as political circles fear a new cold war between Moscow and the West, this war has already erupted in the financial sector," Germany's Die Welt wrote.

According to German economists, Putin is trying to undermine the power of the United State and Europe. Those who buy gold stand in the way for Western currencies in their global domination. This is a part of Putin's plan for world domination, economists say. -

See more at: www.pravdareport.com/russia/economics/01...sthash.vBJPPREI.dpuf

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3 years 4 months ago #209 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
Great peice. I see he mentions the PDAC curse, will probably happen again. Short term the PM market is over bought and a correction would be healthy

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3 years 4 months ago #208 by Gambler
Gambler replied the topic: Market Sentiment shifting
Great articel here by Michael Ballanger, he compares this recent gold bear market to the one from 1974 to 1976. He says it is the only other bear that compares in terms of misery.

I don't know about the 1970s one but this one has been miserable - you can probably come up with a worse term.

Some excellent charts

www.theaureport.com/pub/na/patiently-cli...-the-new-golden-bull

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3 years 4 months ago #193 by Gambler
Gambler replied the topic: Market Sentiment shifting
Gold comes to the rescue again. Venezuela is in bad shape and further more with the oil price decline. Many expect it is only a matter of time before they default. They sent $1.3 billion worth of gold bars to Switzerland in January, according to data from the Swiss Federal Customs Administration.

This was no doubt to make debt payments
money.cnn.com/2016/02/25/news/economy/venezuela-gold-debt/

It now sounds like they came up with another plan to sell their Gold in the ground by resolving a dispute with Gold Reserve over the Brisas mine. This plan would inject $5 billion into the country by paying lenders back with Gold mined from Brisas.

If Venezuela can turn Gold in the ground into dollars, certainly some of these junior Gold companies should started getting some respect!!!!
www.bloomberg.com/news/articles/2016-02-...hts-to-avoid-default

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3 years 4 months ago #190 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
Good interview here with Eric Sprott
When I look at the $8 billion that’s gone into gold funds this month, you couldn’t begin to get that into silver in a year! There’s only 25 million ounces of silver on the COMEX and that’s worth only $400 million; you’d clean out the COMEX! I think only 20% of silver is available for investment, so that’s only 160 million ounces [annually].- Eric Sprott, The Daily Coin -

See more at: thedailycoin.org/?p=64371#sthash.hw335BWh.dpuf

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3 years 4 months ago #174 by RonS
RonS replied the topic: Market Sentiment shifting
Fascinating story about Reagan and Gold today

One of the most remarkable campaign videos of the primary season has been on the air in Nevada in support of Senator Cruz. Headlined “Finish the Reagan Revolution,” it shows Ronald Reagan warning, as he was campaigning for president in 1980, of how the betrayal of the gold standard in the 1960s led to the inflation that was then destroying the American economy. He warned that we’d never regain price stability until we restored some form of gold backing to the dollar.

www.nysun.com/editorials/ronald-reagans-gold/89464/

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3 years 4 months ago #151 by DearJohn
DearJohn replied the topic: Market Sentiment shifting
Thanks for the pic tip.

At Kitco Technically, April gold futures prices closed nearer the session high. Bulls gained fresh upside technical momentum today. Prices are in a two-month-old uptrend on the daily bar chart and bulls have the overall near-term technical advantage. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at last week’s high of $1,263.90.

www.kitco.com/news/2016-02-18/Gold-Ralli...Stocks-Sell-Off.html

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3 years 4 months ago #149 by RonS
RonS replied the topic: Market Sentiment shifting
Hey, while you guys are looking so good, Gold was up $15 on Comex and Spot up over $20. Interesting Yen was up too, but not very much. Maybe see if I can find a nice pic too

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