| To: TheSlowLane who wrote (48066) | 7/26/2014 9:38:05 PM | | From: Ms. Baby Boomer | | | | Central Banks in Russia to Kazakhstan Boost Gold Reserves...
Central banks for Russia to Kazakhstan and Mexico increased gold reserves as Germany trimmed its holdings, International Monetary Fund data show.
Kyrgyzstan, Tajikistan, Serbia, Greece and Equador also showed higher gold reserves for June, according to figures published today on the IMF website. Central banks had lowered world gold reserves for a second month by May to 1.022 billion troy ounces, IMF data show.
Gold advanced the most in four months in June as fighting in Ukraine to Iraq and Israel boosted demand for a haven. Hedge funds almost doubled net-long position in gold during June, U.S. Commodity Futures Trading Commission data show.
Russia increased its gold holdings, the world’s sixth-biggest, to 35.197 million ounces in June from 34.656 million ounces in May the IMF data show. The country is locked in its worst political crisis with the U.S. and its allies since the end of the Cold War after its annexation of Crimea this year and as western countries blame it for support of separatist rebels in eastern Ukraine.
Russia’s foreign reserves fell $39 billion to $472 billion in June, data from the central bank show. Gold accounts for 9.3 percent of the country’s reserves, according to the World Gold Council.
Turkey increased its holdings to 16.491 million ounces from 16.172 million ounces in May as it accepts gold in its reserve requirements from commercial banks, the IMF data show. The country ranks 13th largest by gold reserves, according to the gold council.
Germany, the second-biggest gold holder, lowered its holdings to 108.805 million ounces from 108.806 million ounces, the data show. Central bank goldings for China, the world’s biggest consumer, haven’t been updated since March at 33.89 million ounces.
After 12 straight years of gains, gold tumbled 28 percent in 2013 as an equity rally prompted some investors to lose faith in the metal. Bullion rose 6.2 percent in June, the most since February, and climbed 8.8 percent this year to $1,307.22 an ounce in London....
bloomberg.com
Note: Had craving for egg mcmuffin and senior java @ McDonalds during the week...
The man is pain in the sraka, and Obama doesn't know how to deal with him imho.... |
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| From: Ms. Baby Boomer | 8/8/2014 10:26:10 AM | | | | | | Gold rallies on word of authorized U.S. airstrikes in
Iraq...
Jumps $5 after Obama announcement
LOS ANGELES (MarketWatch) — President Barack Obama on Thursday evening blew a kiss to gold bugs by saying that he has authorized air strikes in northern Iraq. The announcement sent shivers through equity markets and helped to push gold prices higher...
marketwatch.com
Have a nice weekend.... |
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| To: Mike M2 who wrote (48073) | 10/3/2014 11:55:27 AM | | From: Fintas | | | | Thanks for the post. Although I might drive many nuts. What most should take away and focus is not the repetitive crap. In fact if one is involved with schedules there's lots of repetitive crap day in and out.
What I did was put up a number. THE FIRST begin 1220. It was hit. And then I re assesed sp? to put up another 1174.. Which many didn't want to accept. Yet the repetitive was to demonstrate consistency versus flip flopping. It could have happened by JUNE 30 2014. It didn't. There will be no more of that re times. My pesky traders can disrupt things. The original timeframe was end of 2014. I did similar with SPX for the end of 2014. And that too is going to push due to variables put in place to orchestrate buying. But I stand FIRM on the SPX 1458. The rally we are now seeing will end.. And the game of down will continue.. POG like.. .
By the way will i change a number/target. IF I saw/see anything that suggested it.. in a heart beat. Had POG taken out 1648 I would have. But it didn't..
That never happened and now we get to see just how low it can go.
But first things first. 1174 hasn't been hit. So it's still not in the bank. The sector can still bounce if traders want to scalp but the INVESTOR is not there and has not been there. IF the large investor was there that BP PREC would not be at 24 a number I presented but it would be at 42. That becomes worrisome for I had 16 under neath that 24.
However it did go as low as 6 and it could do that. And that suggests those who have 1134/1050/1028/972 such as Zincman.. Pokerssam and others could see those numbers.
Have a great day. I'm not as I'm experiencing lots of pain in the temple area. I knew I shouldn't have taken that HAZ MAT off to eat the darn pint of rum raisin ice cream. SMILE
Fintas |
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| To: The Barracuda™ who wrote (48074) | 10/3/2014 12:04:24 PM | | From: Fintas | | | | It's not about being right or wrong. It's about putting up what one sees and then the hope is to discuss and debate the why with others who also have their views.
Unfortunately in the world of construction they MF ya to death and in the world of money whether it be seeing Seagate going to 75 or GLW to 28 when the majority were saying 16/12 for Seagate and 0 for Glw out they came in force.
Or seeing APPLE dropping from 700 to 448 and many then ganging up with the name calling.
Money causes many to show their weaker moments.
BUT whether one wants to hear a contrary view or not.. we should all be willing. That is why I always say.. Let's debate and discuss.
Have a good one.
And there will be a flip side i.e UP.
Pokersam put up a chart that gives the pop.
Whether it goes that low or not is yet to be determined However, I can see his number up.
OH and POG still can pop a bit before the 1174 is hit..
Be Well
Fintas |
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| To: Whitmore G. who wrote (48077) | 10/10/2014 2:19:52 AM | | From: NOW | | | | i have to say, you don't seem to make many predictions but this one was clearly one of the finest ever called on SI
Dow may touch lower 7k in next few weeks. Also, I think the US dollar will finally start to trade down when the US moves with it's even more aggressive rate cut later this month, if not before then. Gold will strengthen from here. Currencythoughts.com says dollar move up is based on forced liquidations of hedge funds who are closing their books for their year end and not on capital flows which are negative for the US dollar and getting more so. Also deflation ,the likely future now, is bullish for gold just as the recent inflation was. The strength in the US dollar is also not justified by European manufacturing growth being lower then the US. The opposite in fact is the case. Gold would continue to suffer if price stability is maintained but that would entail disinflation and continued slow price growth which is highly unlikely given the down force coming from the current house price cavitation. The price of gold performed well in the thirties deflationary market. It will again in the coming and current deflationary environment. The instability likely to come from failure of Lehman swap payments to settle, due in coming week,Tuesday, from those under writers on the hook for it and the auctioning of us dollars in Europe as a part of their bank rescue package will also weigh heavily on the US dollar the principle of which, let us not forget, is the source of all this mess. |
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