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Metals

  #61 (permalink)
Sagal
Strasbourg, France
 
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  #62 (permalink)
 
Palais Brongniart's Avatar
 Palais Brongniart 
Paris France + Dresden Germany
 
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Sagal View Post
Something is going on with gold (source goldhub)
"Central banks bought 224.4t of gold in Q2 2019. This took H1 buying to 374.1t the largest net H1 increase in global gold reserves in our 19-year quarterly data series. Buying was again spread across a diverse range of largely emerging market countries.
Holdings of gold-backed ETFs grew 67.2t in Q2 to a six-year high of 2,548t. The main factors driving inflows into the sector were continued geopolitical instability, expectation of lower interest rates, and the rallying gold price in June"

After Powell's comments yesterday gold went down but 1h20 before closing of WST, volume are +366% in comparison to an average at a similar time of the day (Barchart data) and I join the 1h graph (on top of that oil is sinking)...

All back to normal. Fed day was overloaded with expectations and trembling fingers. GC printed WRB with close in upper 10%,

I don't explain my charts. If you like to follow my trades, look for these lines.
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  #63 (permalink)
Sagal
Strasbourg, France
 
Posts: 126 since Mar 2019
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Thanks for the feedback.
Going nicely for Gold, Silver and not as well as I would like for Platinum but of course the collateral damage of Trump's current decision on +10% on the Chinese goods that were not yet subject to tariffs from 1st September is Copper...
2.55 needs to hold for me for the option contract expiring in November...
I am not completely pessimistic and I still think it can hold. We are maybe at a bottom. I will intervene below 2.5
COT is still bullish
Weekly view

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  #64 (permalink)
Sagal
Strasbourg, France
 
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Nice move for platinum currently +4% (market still opened) and 900 bar crossed. Let's see if it is the beginning of the catch up with the other precious metals
Just to follow up here as I expect at least 920...for the rest quiet as usual here...

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  #65 (permalink)
 myrrdin 
Linz Austria
 
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I hold small positions in Geld and Silver with the intention to hold them longterm.

A lot of money has been spent by National Banks world-wide, and it has to end up somewhere.

Best regards, Myrrdin

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  #66 (permalink)
 
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 SMCJB 
Houston TX
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myrrdin View Post
I hold small positions in Geld and Silver with the intention to hold them longterm.

Think this will be a winner long term. Maybe Bitcoin as well? Same theory different perespective

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  #67 (permalink)
Sagal
Strasbourg, France
 
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In Gold We Trust 2020 report:
long version: https://ingoldwetrust.report/wp-content/uploads/2020/05/In-Gold-We-Trust-report-2020-Extended-Version-english.pdf

Short version: https://ingoldwetrust.report/wp-content/uploads/2020/05/In-Gold-We-Trust-report-2020-Compact-Version-english.pdf

Enjoy the reading guys...

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  #68 (permalink)
 
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 SMCJB 
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Micro Fees going up effective Feb 1st

SMCJB View Post
MES, MNQ, M2k, MYM all going up 5c/side
MGC, SIL all going up 20c/side

https://www.cmegroup.com/content/dam/cmegroup/notices/ser/2020/12/SER-8691.pdf


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  #69 (permalink)
Mozart2112
Minoqua Wi USA
 
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Gold maybe on the verge of a breakout. Bounce off of support with momentum. Would like to see it break 1918 level.

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  #70 (permalink)
 myrrdin 
Linz Austria
 
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In my opinion, the price of Uranium should rise significantly in the next couple of years. Some countries - probably including the US - might reduce the use of oil and gas for energy production, and will replace it with Uranium.

Interactive Brokers offers the UX contract, but it is interesting to note that there seems to be no trade in this contract.

Am I missing anything ? Is there another contract for Uranium ?

Best regards, Myrrdin

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