Market Sentiment shifting

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3 years 3 months ago #79 by GoldnBoy
GoldnBoy replied the topic: US Mint sales soaring
The U.S. Mint's sales of American Eagle coins surged in November, with gold nearly tripling month-over-month and silver already reaching a new annual record as bullion prices fell to multi-year lows, data released on Monday showed.

The mint sold 97,000 ounces of American Eagle gold coins in November, up 185 percent from October and 62 percent higher from a year ago, after selling out of most of the 2015-dated coins as falling bullion prices attracted buyers.

www.reuters.com/article/2015/11/30/us-us...#x1Fe2krljMWOGD2B.99

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3 years 3 months ago #78 by GoldnBoy
GoldnBoy replied the topic: Chinese Yaun now reserve currency
It's official IMF made decision on Monday

money.cnn.com/2015/11/30/investing/imf-y...section=money_latest

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3 years 4 months ago #67 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
Good artical here with Sprott and Neumeyer
www.futuremoneytrends.com/trend-videos/i...prott-keith-neumeyer

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3 years 4 months ago #60 by RonS
RonS replied the topic: Market Sentiment shifting

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3 years 4 months ago #59 by RonS
RonS replied the topic: Market Sentiment shifting
Good Interview of James Turk "This has never happened before in history"

cms.sprottglobal.com/thoughts/articles/j...d-before-in-history/

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3 years 4 months ago #57 by RonS
RonS replied the topic: Market Sentiment shifting
China imported the most gold in 19 months from Hong Kong in September, following the surprise devaluation of the yuan in August and a rout in domestic shares that was the biggest since the global financial crisis.

www.bloomberg.com/news/articles/2015-11-...-world-exits-holding

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3 years 4 months ago #35 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
Good article here with charts on China's Gold demand, looks like they are on a roll

https://www.bullionstar.com/blogs/koos-jansen/uk-gold-export-to-china-hit-record-in-september-chinese-gold-import-156t/

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3 years 4 months ago #27 by RonS
RonS replied the topic: Market Sentiment shifting
Sure was very positive news on the physical front. Looks like it is picking up momemtum to surpass last year.

India and China on pace to buy more this year and so are the Central Banks, basically increasing demand on all fronts yet the paper Gold price goes down. Those paper shorts are starting to tremble, I heard there is a rift developing in the Bullion Banks, as some are going to the long side.

I updated my charts in the Gold and Precious Metal sector under Interest Blog

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3 years 4 months ago #23 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
Just in - World Gold Council said on Thursday.

Overall demand reached 1,121 tonnes in the last quarter, up 8 percent year on year to its highest since the second quarter of 2013. The rise was tempered by increased outflows from bullion-backed exchange-traded funds, however.

Bar and coin buying more than tripled in the United States to a five-year high of 32.7 tonnes, and rose 70 percent in China and 35 percent in Europe. That followed a more than 6 percent slide in spot gold prices in July, their biggest monthly drop in two years. ...

However, outflows from gold ETFs -- popular investment vehicles that issue securities backed by physical metal -- increased by 24 tonnes year on year to 65.9 tonnes, helping to offset the rise in demand elsewhere

Very surprising the big physical demand in the US, seems the swich from paper to physical continues

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3 years 4 months ago #22 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
Looks like Gold will end down today, another record for the history books. That is down 16 of last 18 days, I heard that 15 out of 17 never happened before

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3 years 5 months ago #15 by RonS
RonS replied the topic: Market Sentiment shifting
This is a very interesting article and great read. The 7 biggest lies about Gold (that are believed)

www.moneymetals.com/news/2015/10/22/lies-about-gold-000778

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3 years 5 months ago #14 by RonS
RonS replied the topic: Market Sentiment shifting
Looks like China will have direct influence on London Gold fix - Chinese government owns majority interest in China Construction Bank that will join the twice-daily electronic auction process to set the benchmark price of gold, its operator Intercontinental Exchange said in a statement on Thursday.

CCB on Wednesday confirmed it would be the second Chinese company to gain access to the 138-year old London Metal Exchange's trading floor with the acquisition of a majority stake in UK metals trading firm Metdist Trading Ltd.

www.reuters.com/article/2015/10/22/china...dUSL8N12M44H20151022

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