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Bundesbank Dumps Big Time Gold Reserve On The Market

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And its only tanks 20 dollars.

Comments ladies and gentlemen.

I personally think Gold will be back up to US $560 within a few short weeks - hopefully!

Regards.

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No he can't. Because there isn't confirmation of any such move.

Typical pattern for gold--roller coaster ride for a few months and then crash. Better off with coal--at least it burns and keeps people warm and new tech has overcome most of its former pollution issues!

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Typical pattern for gold--roller coaster ride for a few months and then crash. Better off with coal--at least it burns and keeps people warm and new tech has overcome most of its former pollution issues!

I'm not doubting that coal is a good sector to be in, nor that the last few days have not been typical for gold. They have. It is a rollercoaster ride. But on an upward trend. To go from 570ish to 546ish and then straight back up to 558 and counting over 48 hours, which is up 10% or so on the last six weeks , does not constitute a crash. Heart failure and an early grave, yes, but crash no.

I'm sure the way to play this market is either to buy physical, or if you want leveraged products, which I do because I'm impatient, buy in and then go away somewhere remote for six months and study nature. When you come back you'll tanned, relaxed and rich.

If you start reacting to those flashing numbers on the screen, you'll end up another burden on the NHS.

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Guest Bart of Darkness

I

f you start reacting to those flashing numbers on the screen, you'll end up another burden on the NHS.

:) Sound advice.

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What regulation, disclosure occurs in the gold market? For instance >3% holdings/positions in LSE stocks require announcements etc. Do large movements, dumping/buying need to be revealed in the gold market? Where do all you gold bugs get independently verified facts and figures from etc? Could someone point me in the right direction so I can take a look. Or is it all hersey and bulletin board rumour? I would assume a lack of intrigue, and real facts rather than conspiracy theories would take alot of volatility away?

Thanks

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Typical pattern for gold--roller coaster ride for a few months and then crash.

About 3.5%. I'd say that were a moderate pullback for something as potentially volatile as a commodity.

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Guest Riser

Have they really dumped gold onto the market? Could you point me to any news article (sorry)?

It looks like the answer to that question is No and they won't be doing it anytime soon. Looks like it was just a scare story to drive the price down so the funds can buy more following the evidence of price manipulation by the central banks presented in Last weeks French Bank report

German govt drops Buba gold sale plan - sources

BERLIN (AFX) - The German government has abandoned plans that would allow the Bundesbank to invest proceeds from gold sales in a special fund, sources said.

Under the government's proposal, the Bundesbank could have reinvested proceeds from gold sales in a special fund rather than transferring them directly to the federal budget.

Any interest from that fund would have gone to Berlin, which would have earmarked the money for research and education.

The Bundesbank has long opposed requests from the government to divest some of its gold reserves, partly out of fear that a sale could be seen as a sign that it is vulnerable to political pressure.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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