Market Sentiment shifting

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2 years 2 months ago #117490 by Gambler
Gambler replied the topic: Market Sentiment shifting
There is no doubt that Trump and his administration want a weaker $$, great for gold

U.S. Treasury Secretary nominee Steven Mnuchin said an “excessively strong dollar” could have a negative short-term effect on the economy.

“The strength of the dollar has historically been tied to the strength of the U.S. economy and the faith that investors have in doing business in America,” Mnuchin said in a written response to a senator’s question about the implications of a hypothetical 25 percent dollar rise. “From time to time, an excessively strong dollar may have negative short-term implications on the economy.”

www.bloomberg.com/politics/articles/2017...have-negative-impact

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2 years 3 months ago #117467 by DearJohn
DearJohn replied the topic: Market Sentiment shifting
Did nobody Tell Trump he is suppose to toll the US$ strong dollar policy and not say what he really thinks??

Bullish for Gold going forward though

The US dollar slumped to a seven-week low against Japan’s yen late Tuesday, and continued to trade lower against a slew of currencies on Wednesday, after President-elect Donald Trump said that the buck was “too strong”.

www.independent.co.uk/news/business/news...-elect-a7532616.html

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2 years 3 months ago #117463 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
Gold at $1212 is now into Ron's 2nd target area, lets see how long it takes to punch through $1220 or do we see a bit of a pullback or consolidation first.

Commercials are still 125,000 contracts short but down a long way 300k level

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2 years 3 months ago #117447 by DearJohn
DearJohn replied the topic: Market Sentiment shifting
Fundamentals of physical supply and demand remain positive, and are reinforced by the current extended regime of precious metals prices too low to justify expanded mine supply. Global mine output has plateaued; it now seems likely to decline through 2020 and perhaps into the middle of the next decade. As shown in the chart below, discoveries of new ore bodies are at a 25-year low, while the time required to bring new ore bodies into production continues to lengthen, and now stands at nearly 20 years.

Good article from Hathaway

tocqueville.com/insights/gold-strategy-investor-letter-4Q16

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2 years 3 months ago #117438 by alexgreat
alexgreat replied the topic: Market Sentiment shifting
Dam Banksters, they always screwing around. One day and I think soon, the market will run them over. You can't get away with printing on this money forever. Trump should forget about Fake news and cut back on Fake $$

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2 years 3 months ago #117437 by RonS
RonS replied the topic: Market Sentiment shifting
Very interesting a big jump in Gold swaps by the BIS (Bank of Int Settlements) after Golds rise after March 2016. They had 0 balance on the books.

The use of gold swaps by the BIS increased in the financial year ended March 31, 2011, with 409 tonnes of gold swaps reported. As this chart will show, that was the peak amount reported by the bank prior to this year:
March 2011: 409 tonnes.
March 2012: 355 tonnes.
March 2013: 404 tonnes.
March 2014: 236 tonnes.
March 2015: 47 tonnes.
March 2016: 0 tonnes.

As the table shows, the use of gold swaps by the BIS fell considerably up to March 2016, when the use of swaps appeared to have stopped.

There is not enough information in the monthly reports to calculate the exact amount of swaps, but based on the information in the BIS' December 2016 statement of account, the bank's gold swaps likely stood in excess of 480 tonnes as of the end of the calendar year.

This is the BIS' highest level of gold swaps recorded in recent times.

Either these swaps were used to manage the market or to help some banks with financial stress??



www.ft.com/cms/s/0/3e659ed0-9b39-11df-baaf-00144feab49a.html

Here are excerpts from the article:

"Some analysts speculated that the swap deals were a surreptitious bailout of the European banking system ahead of last week's publication of stress tests. But bankers and officials have described the transactions as 'mutually beneficial.' ...

"'The client approached us with the idea of buying some gold with the option to sell it back,' said one European banker, referring to the BIS.

"Another banker said: 'From time to time central banks or the BIS want to optimize the return on their currency holdings.'"

It is notable that none of these comments in the FT article focused on the gold market itself but implicitly accepted that gold was being used as collateral to support dollar loans to commercial banks.

An alternative explanation -- that the swap transactions were initiated by the BIS to place more unallocated gold in the hands of certain central banks -- seemed plausible, since the gold market was tight at the time.

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2 years 3 months ago #117425 by RonS
RonS replied the topic: Market Sentiment shifting
Happy New Year to everyone!!! I posted my chart here from recent newsletter, is good to see Gold have it's first rally since October and hit my first target
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2 years 3 months ago #117424 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
Happy New Year all, time to get back at it. Gold looks to have bottomed in December as Ron and probably most here expected. We seen the 1st rally and hit the 1st target around $1180 yesterday, lets see where we go now, maybe some sideways action is in order for a while??

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2 years 4 months ago #117405 by DearJohn
DearJohn replied the topic: Market Sentiment shifting
Gold, bonds stocks all down, seemed they did not like the Fed talking about 3 rate hikes next year instead of 2.

OMG, they have been barely able to do 1 in a year, 3 seems a stretch to me

The Fed hinted that it could raise rates at a faster pace next year. Most Fed officials now project three or more rate hikes in 2017. In September, Fed officials predicted they would only raise rates once or twice next year.

money.cnn.com/2016/12/14/news/economy/fe...l?iid=hp-toplead-dom

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2 years 4 months ago #117402 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
Financial Times, London

During the election campaign, Donald Trump railed against the effects of an overly strong dollar, warning about the damage it did to US companies' competitiveness. Unfortunately for the president-elect, his own victory on November 8 has proven to be a catalyst for an even more expensive U.S. currency -- in part because of stimulus plans Mr. Trump is pursuing.

America's growing strong dollar conundrum poses a threat to Mr. Trump's vows to slash the trade deficit.

www.ft.com/content/adb780da-c13b-11e6-9bca-2b93a6856354

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2 years 4 months ago #117385 by lynnsa10
lynnsa10 replied the topic: Market Sentiment shifting
Gold supply crunch on the way

A lack of new and significant gold mines to come on stream soon, due mainly to miners’ reduced investment in exploration, is boosting fears in the industry over future supply of the metal.
www.mining.com/golds-slim-price-recovery...boosts-supply-fears/

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2 years 4 months ago #117335 by alexgreat
alexgreat replied the topic: Market Sentiment shifting
Will be interesting to see Q4 numbers for India with all the turmoil

I have believed for some time now that gold and silver bullion are as inexpensive in relation to debt and outstanding currency as they have been in their lengthy history. This latest orchestrated price takedown, which incidentally has a very finite life, is providing an even better opportunity to purchase the necessary insurance against eventual hyperinflation and financial collapse.

John Embry
kingworldnews.com/john-embry-some-long-t...re-now-capitulating/

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