Gold's Technical Line Of Concern
The traditional post jobs report rally for gold is in full swing. Gold arrived at a key Fibonacci line at about $1268 as the US jobs report was released.
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The traditional post jobs report rally for gold is in full swing. Gold arrived at a key Fibonacci line at about $1268 as the US jobs report was released.
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China, increasingly backed by Russia—the two great Eurasian nations—are taking decisive steps to create a very viable alternative to the tyranny of the US dollar over the world trade and finance. Wall Street and Washington are not amused, but they are powerless to stop it…
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If the US cannot stop China from implementing its “oil – for yuan – for gold” program, then the fate of the US is at hand.
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Although we cannot reconcile this positive dollar outlook for the medium-term (long-term outlook remains bearish) with a positive outlook for the Precious Metals sector, there are times when the dollar and gold and silver rally together.
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The Bank of Russia has more than doubled the pace of gold purchases, bringing the share of bullion in its international reserves to the highest of Putin’s 17 years in power, according to World Gold Council data.
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China’s proven gold reserves reached 12,100 tonnes at the end of 2016, the state news agency Xinhua reported on Monday quoting an official with the national gold association.
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The price of oil, the value of gold, the value of the Yuan and the value of the Dollar will all be affected as the economic relationship between vast amounts of oil and scarce amounts of gold is determined.
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Exporters of oil to China will accept the Chinese currency, the Yuan, in payment for the oil; for this deal, the Chinese have added an incentive: the Yuan received by the oil exporters will be exchangeable for gold.
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The world may have already produced the most gold in a year it ever will, according to the chairman of the World Gold Council.
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Gold bugs around the world can use my key prices zones of $1315 - $1295 and $1260 - $1270 now to get tactically positioned in key gold stocks to surf the golden institutional wave.
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A former trader at UBS Group AG was charged with conspiracy and fraud over his suspected role in manipulating the price of precious metals.
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Gold continues to build towards its breakout from a massive 4-year long base pattern. This is likely to occur when the dollar breaks down from its topping pattern, and is expected to lead to a bullmarket that will dwarf the last one from 2001 through 2011, and may be given a tailwind when the cry...
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Mark Mobius is sensing danger in the explosive growth of cryptocurrencies: “You’re going to get a reversion back to gold because people are going to wonder, can I really trust these currencies?”
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Oil exporters such as Russia and Iran will soon be able to bypass the US dollar — and convert their yuan into gold.
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Silver is currently trading around $17 an ounce. This is around 34% of its 1980 all-time high of $50. However, this is an incomplete representation of what silver is really trading at, relative to US dollars. When you look at the silver price, relative to US currency (the amount of actual US doll...
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Last week featured two unusual stories on gold — one strange and the other truly weird. These stories explain why gold is not just money but is the most politicized form of money.
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S&P 500 volume has been shrinking with respect to Gold volume, indicating growing interest in the Gold asset class versus the S&P 500.
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A 1988 edition of The Economist magazine predicted a world currency by the year 2018.
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The Bundesbank today announced it had "completed its gold transfer process earlier than originally planned."
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U.S. Treasury Secretary Steven Mnuchin paid a rare official visit to Fort Knox to check out the nation’s gold stash on Monday.
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