李伟王芳 + 77 ZL October 16, 2018 ...while dollar softens. Fresh weakness for a leading dollar index helped gold hold higher ground as December gold GCZ8, +0.43% rose $2.90 to $1,233 an ounce. A close at this level would mark the highest since late July. Quote Share this post Link to post Share on other sites
JohnAtronis + 78 JA October 16, 2018 Gold tends to gain when the dollar is weaker because the assets become relatively more attractive to buyers using other monetary units. Quote Share this post Link to post Share on other sites
Sefko Trafikant + 35 ST October 16, 2018 Just now, JohnAtronis said: Gold tends to gain when the dollar is weaker because the assets become relatively more attractive to buyers using other monetary units. Gold may be a good investment, maybe cash out in 18 months. Quote Share this post Link to post Share on other sites
Joanna + 68 JT October 16, 2018 I see a permanent bashing of Gold while worldwide central Banks and other state organizations are piling up their holdings in gold even with direct buying from producers or their own mines Quote Share this post Link to post Share on other sites
Ajan Bosnjacki + 27 AB October 16, 2018 17 minutes ago, 李伟王芳 said: ...while dollar softens. Fresh weakness for a leading dollar index helped gold hold higher ground as December gold GCZ8, +0.43% rose $2.90 to $1,233 an ounce. A close at this level would mark the highest since late July. fact is that inflation creates a long-term positive background for gold. Quote Share this post Link to post Share on other sites
Sefko Trafikant + 35 ST October 16, 2018 18 minutes ago, 李伟王芳 said: ...while dollar softens. Fresh weakness for a leading dollar index helped gold hold higher ground as December gold GCZ8, +0.43% rose $2.90 to $1,233 an ounce. A close at this level would mark the highest since late July. Monitoring the dollar price of gold is a fool's errand if you fail to recognize that changes in the value of the U.S. dollar are automatically reflected in the dollar-denominated price of gold. Quote Share this post Link to post Share on other sites
Stephen + 67 SM October 16, 2018 4 minutes ago, Ajan Bosnjacki said: fact is that inflation creates a long-term positive background for gold. Right. Fear of stocks, fear of bonds, weak dollar: Gold is the place to be. Quote Share this post Link to post Share on other sites
Cokiga Damke + 53 CD October 16, 2018 22 minutes ago, 李伟王芳 said: ...while dollar softens. Fresh weakness for a leading dollar index helped gold hold higher ground as December gold GCZ8, +0.43% rose $2.90 to $1,233 an ounce. A close at this level would mark the highest since late July. Over $3.1 billion worth of funds poured into the GLD gold ETF last Thursday, and almost $2.7 billion flowed into the GDX gold miners ETF. This is the clearest sign yet that the bottom for gold may finally be in, and we can look forward to a precious metals and miners rally to end 2018 and early 2019. Quote Share this post Link to post Share on other sites
Tesla3D 0 RM October 16, 2018 Keep track of Gold / Silver imports for China, Russia, Turkey, India … There has not been a transfer of physical storage to Central Banks like this since possibly World War II. Of course banks want you to buy their currency, if they run out they can print so much more. I could care less about "leased", COMEX Contracts or LME Contracts. They are all paper pretense with no actual enforcement. Watching the COT (Commitment of Traders) and Gold/Silver deposits, any delivery is whisked out as soon as it arrives. Yesterday, JPM and Scotiabank each took over 500,000 ounces of physical into their stack. For those of you tracking this, JPM alone may have around 30% of the world's tradeable silver. World wide silver new production has been below worldwide manufacturing consumption for the third year now. All of this said, the paper futures synthetic trading market out of London and NYMEX most likely can not allow paper futures prices to change much, at least until after the November elections are settled. The NY Federal Reserve web site (see UIG, Underlying Inflation Gauge) was off line since August. Inflation jumped past 3%. Yesterday, they announced a huge overhaul in how inflation is officially calculated. This will keep official inflation back where they feel it belongs. In addition, the Consumer related Inflation is now announced to be a "secret" that will not be shared publicly. I never make predictions, especially in the future on this subject. These are just purely random and meaningless observations and in no way constitute advice. Quote Share this post Link to post Share on other sites