Rates effect on the real estate market and gold takes advantage of it:
Precious Metals Spike | Zero Hedge News
Precious Metals Spike | Zero Hedge News
shorts have a chance of getting money back in the 1416 area..if we get there
shorts have a chance of getting money back in the 1416 area..if we get there
MacQuarie said:The UK exported 240 tonnes of gold to Switzerland in May alone,
while its exports over the first half of this year totalled 797 tonnes, Macquarie said in a note.
In contrast, Britain exported just 92 tonnes of bullion to Switzerland in the whole of last year..
This is my take on it mate. Gold has a lot of contributing factors that affect its price, the main ones being the USD and supply & demand from countries like China. The back end of last year saw the demand from China ease but also, traders like myself felt a bit more confident in the equity markets – personally I was in and out of the mining stock daily! I generally avoid currency trading so couldn’t add much on that front but I recently started to have a look at gold again after a good few months of avoiding it as I think that with all that’s going on in the middle east (Syria) and a pick-up in demand from emerging nations could see gold get ready for a push back up above $1400 and then up from there. That’s my two pence worth anyway, hope it helps mate!
looking good Louis....feelin' good, Billy Ray....
Trader MC, a friend from my goldman sachs network saw this bottom already in early july.. He also thinks that the miners will outperform strongly.
Why is the HUI index losing over 3% today, while gold is rising?
unhedged stocks are just as prone to swing opportunities...think about how many years gold ascended and gold stocks lagged or even went down.......there's small froth after the sudden upswing in stocks....all relative and in correct context to the larger move......imho
where were all the bully posters when gold was making its swing from the weekly lows.....hmmm....
I was here but I couldnt be ar5ed to post.
....nothing to do with....all to do with vested interests..
Why is the HUI index losing over 3% today, while gold is rising?
on the offer today
looking for 2 targets 1401's and 1392's .....be suspect of hourly close in the northern cash hours below that second level...i think it'll get bought up.....small steps, baby wallops!
we hovered over the 1401 level for several hours and finally swamped demand ..if the 1392's fail to hold hourly in the northern session the bulls could be sweatin....
looking at the calendar for events next week....