chronyx Posted August 21, 2018 Share Posted August 21, 2018 1 hour ago, Errol said: Russia increased gold reserves by another 25 tonnes in July. Heading towards record levels now. Idiots. Why catch a falling knife Quote Link to comment Share on other sites More sharing options...
Errol Posted August 21, 2018 Share Posted August 21, 2018 (edited) Notice the bit about buying on Moscow exchange 'for now'. I wonder what the reaction would be if Russia entered the New York/London gold markets with billions to spend and insisted on delivery? Russia buys 839,000 ozs of gold in July as it diversifies reserves from USD 25-ton addition brings Russia’s Central Bank holdings to 1,969 tons; the world's 5th largest gold reserves Central bank buying Russian gold on Moscow Exchange for now Russia sees gold’s role as independent currency and safe haven as is a “100% guarantee from legal and political risks” Russia now has total gold reserves worth just $76 billion; Dumped $90 billion of US Treasuries in April and May https://www.zerohedge.com/news/2018-08-21/russia-buys-over-800000-ounces-gold-july-it-dumps-us-treasuries Edited August 21, 2018 by Errol Quote Link to comment Share on other sites More sharing options...
chronyx Posted August 21, 2018 Share Posted August 21, 2018 10 minutes ago, Errol said: Notice the bit about buying on Moscow exchange 'for now'. I wonder what the reaction would be if Russia entered the New York/London gold markets with billions to spend and insisted on delivery? Hardly sporting, chaps! Have you bought any more at these prices Errol? I am tempted. Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted August 23, 2018 Share Posted August 23, 2018 On 21/08/2018 at 19:36, Errol said: ............I wonder what the reaction would be if Russia entered the New York/London gold markets with billions to spend and insisted on delivery......... Still pushing the gatagoons nonsense I see. If Russia bought on the world markets, the gold would be delivered. The ridiculous part of your post is hinting that there is no gold to deliver, if Russia bought on the open market it would help raise the price, same as demand ever does, that's all. But were your comment goes way off the radar, is failing to acknowledge that they can't buy easily on the world market. Do you not comprehend how the sanctions on Russia operate. Anyway, I hope you got the GCSE results you wanted today..._ Quote Link to comment Share on other sites More sharing options...
Will! Posted August 28, 2018 Share Posted August 28, 2018 Bloomberg: Venezuela to Sell Gold Ingots to Pensioners as Inflation Soars Quote Link to comment Share on other sites More sharing options...
starclouds Posted August 28, 2018 Share Posted August 28, 2018 USD DXY down, US consumer sentiment up and gold now being smashed back below $1,200. Completely rigged market - probably US central banking interests. Quote Link to comment Share on other sites More sharing options...
chronyx Posted August 28, 2018 Share Posted August 28, 2018 1 hour ago, starclouds said: USD DXY down, US consumer sentiment up and gold now being smashed back below $1,200. Completely rigged market - probably US central banking interests. Yup - as reliable an indicator as a Gartman call Quote Link to comment Share on other sites More sharing options...
Errol Posted September 4, 2018 Share Posted September 4, 2018 (edited) Latest Maund update - THE NOW SUPER BULLISH GOLD & SILVER SETUP DOES NOT BODE WELL FOR THE DOLLAR... https://www.clivemaund.com/article.php?id=4744 Edited September 4, 2018 by Errol Quote Link to comment Share on other sites More sharing options...
starclouds Posted September 4, 2018 Share Posted September 4, 2018 1 hour ago, Errol said: Latest Maund update - THE NOW SUPER BULLISH GOLD & SILVER SETUP DOES NOT BODE WELL FOR THE DOLLAR... https://www.clivemaund.com/article.php?id=4744 If the emerging market bloodbath continues and especially if it affects the wider banking system then the dollar will keep rising and gold will fall hard. For this chart prediction to be accurate something will need to cause the dollar to fall? I can only think of the FED pausing or even reversing rate rises. Quote Link to comment Share on other sites More sharing options...
Errol Posted September 4, 2018 Share Posted September 4, 2018 India Accumulates Gold, Sells US Treasury Securities to Insulate Country https://sputniknews.com/business/201809041067734784-india-accumulates-gold/ Quote Link to comment Share on other sites More sharing options...
Errol Posted September 4, 2018 Share Posted September 4, 2018 (edited) The graphic shows the net short position of non-commercials (managed money, other institutional pools of investment money and retail traders) in gold futures, 10yr Treasury futures and VIX futures. It’s the largest bet in history by speculators that gold and 10yr Treasury bonds will go a lot lower and the stock market will go a lot higher (volatility declines as stocks rise so a short-VIX bet is a bet stocks go higher). When positioned at an extreme like this, speculators are always wrong. http://investmentresearchdynamics.com/gold-and-silver-are-set-up-to-soar/ Edited September 4, 2018 by Errol Quote Link to comment Share on other sites More sharing options...
starclouds Posted September 4, 2018 Share Posted September 4, 2018 Just now, Errol said: The graphic shows the net short position of non-commercials (managed money, other institutional pools of investment money and retail traders) in gold futures, 10yr Treasury futures and VIX futures. It’s the largest bet in history by speculators that gold and 10yr Treasury bonds will go a lot lower and the stock market will go a lot higher (volatility declines as stocks rise so a short-VIX bet is a bet stocks go higher). When positioned at an extreme like this, speculators are always wrong. http://investmentresearchdynamics.com/gold-and-silver-are-set-up-to-soar/ Eventually but you need to get the timing right. Gold is getting killed today. Smashed. Quote Link to comment Share on other sites More sharing options...
starclouds Posted September 4, 2018 Share Posted September 4, 2018 If I thought the USD rally would end anytime soon and believed that the paper market is not completely rigged I would think major gold miners at the moment are an insanely good buy, some are at 10-15 year lows. Problems are: 1) How do crypto's affect things? 2) I think things are completely rigged 3) I see the USD soaring as a strategic move in the same vain as the trade war Trump has started It is hard not to believe that suppressing gold is a priority for central bankers and they will kill it stone dead if they can. Quote Link to comment Share on other sites More sharing options...
Errol Posted September 4, 2018 Share Posted September 4, 2018 (edited) 1 hour ago, starclouds said: Gold is getting killed today. Smashed. Eh? Down no more that $8-9 currently on my screen. Smashed would be down $100+. The movements at the moment are an irrelevance. Edited September 4, 2018 by Errol Quote Link to comment Share on other sites More sharing options...
davemb Posted September 7, 2018 Share Posted September 7, 2018 up down up down, never mind, just keep buying a coin every now and then Quote Link to comment Share on other sites More sharing options...
starclouds Posted September 11, 2018 Share Posted September 11, 2018 On 04/09/2018 at 16:44, Errol said: Eh? Down no more that $8-9 currently on my screen. Smashed would be down $100+. The movements at the moment are an irrelevance. The miners have been relentlessly sold between 10-15% down since this post. Already pricing in $1,100 and below. When is the turnaround? I thought your charts were predicting it is imminent? Quote Link to comment Share on other sites More sharing options...
Noallegiance Posted September 14, 2018 Share Posted September 14, 2018 Thoughts? http://www.mining.com/dalradian-shareholders-back-orion-mines-230m-takeover-bid/ Quote Link to comment Share on other sites More sharing options...
kmc48 Posted September 16, 2018 Share Posted September 16, 2018 Got family in the area Dalradian is trying to develop. There is pretty heavy local opposition, on the grounds of environmental concerns and the idea of billions being made from the land and spirited off to overseas investors. I think plenty of locals support the idea of jobs and industry in the region, but they seem quiet compared to the protestors. This suggests the protestors have got some political backing (last few paragraphs): http://resourceworld.com/index.php/irish-mine-may-prove-challenging-for-dalradian/ Quote Link to comment Share on other sites More sharing options...
Noallegiance Posted September 18, 2018 Share Posted September 18, 2018 I was more after thoughts on a mining finance company buying a mining company with the 7th largest prospect on the planet. Placards don't stop that sh!t. Quote Link to comment Share on other sites More sharing options...
starclouds Posted September 26, 2018 Share Posted September 26, 2018 FOMC announcement later. Miners under massive pressure again. Hope gold holds $1,160. If so then the bottom might just be in. Although there is little chance of much upside until the flight to the USD ends. Quote Link to comment Share on other sites More sharing options...
Finman Posted October 2, 2018 Share Posted October 2, 2018 A question for those buying silver coins please. I've read about buying VAT "free" silver coins from overseas but upon looking into it, it may not look that much better than buying in the UK, with the VAT added. An example: Today, US Silver Eagle: Overseas £15.03 plus postage UK: £13.33 or £15.996 including VAT, can have posted or collect in person. So yes, a little bit more expensive if bought in the UK, subject to postage costs which may change that (i.e. may be lower in the UK). But probably cheaper if bought in the UK and collected (no postage costs). Plus collection reduces any postage risk (including not being in at the time). Ex-security type bod so not too worried about collection! And anyways, me postie, well his eyes, too far apart! Overseas does offer discounted prices for 25+ but not sure if that changes things. Am I missing something? All very exciting! Thanks in advance. Quote Link to comment Share on other sites More sharing options...
chronyx Posted October 3, 2018 Share Posted October 3, 2018 All I can say is that at the three times I bought from coininvest it was cheaper than in the UK, but I don't have the figures in my memory anymore. If silver does do what's been mentioned, a few quid here and there won't matter so just buy wherever you feel comfortable! Quote Link to comment Share on other sites More sharing options...
Errol Posted October 5, 2018 Share Posted October 5, 2018 Chartbook “In Gold we Trust 2018“ ...'We are proud that our 12th annual "In Gold we Trust" report was very well received and disseminated to more than 1.7 million people. Obviously, not all our readers had time to read the entire 220+ pages. We therefore decided to put together a compendium of some of the most compelling charts and important conclusions of the report. Of course, we also had a look at the current technical setup of the gold price'... https://www.incrementum.li/en/journal/chartbook-in-gold-we-trust-2018/ Quote Link to comment Share on other sites More sharing options...
chronyx Posted October 8, 2018 Share Posted October 8, 2018 Gold dropping nicely again on news of Italian and Chinese financial issues. It dropped with news of volcano eruptions the other week too. Crazy Quote Link to comment Share on other sites More sharing options...
Slimline Posted October 8, 2018 Share Posted October 8, 2018 4 hours ago, chronyx said: Gold dropping nicely again on news of Italian and Chinese financial issues. It dropped with news of volcano eruptions the other week too. Crazy Only way is down these days ? Quote Link to comment Share on other sites More sharing options...
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