Should be in Gold,Grains and Gas
http://www.bloomberg.com/video/shoul...3vfuiUayQ.html
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Should be in Gold,Grains and Gas
http://www.bloomberg.com/video/shoul...3vfuiUayQ.html
I'll be buying something over the next few days, not sure what yet, sitting on 15% cash after selling last week. The Buffett philosophy.
It won't be gold or silver though. Russian markets getting a thrashing, stockmarket down as much as 13% and Russian tech index traded in the USA down 15%.
The Russians getting a taste of how modern communications can decimate a portfolio. The rouble has hit historic lows and there's a huge demand for USD's.
Well answer this one.
For 20 years after the 1980 gold crash, gold didn't vary by more than about $100, despite a litany of international crises like the 1980's recession, the Latin American debt crisis, the Asian currency drama, the Russian Constitutional crisis, the Gulf War and the Kosovo War to name a few. The gold price flatlined for 2 decades.
Some bluster from 'action man' Putin and gold is on its way. Doesn't stack up. Might be a pump and dump.
Yeah, maybe. There is some technical resistance around 1360USD which we are getting close to now. With the Ukraine situation, this bullish run may still have some legs, but I agree that some consolidation is due. Any good news re Ukraine will I think drop the PoG.
Predictably, US Equity markets are down almost 1%.
Warren Buffett's still buying, during WW2 the stockmarket still advanced.
http://www.cnbc.com/id/101459508
This whole thing is operating against a backdrop of a VERY fragile economy in general (despite those slightly better numbers)
Theres a good chance things(share market) will bounce back if this thing fizzles with the resulting drop in Gold -but just keep in mind theres not much back up in this world economy these days --that may be the reason for the stronger than expected reaction to this event.
If the ball starts rolling just how resilient is the economy to withstand it?
This is the major league now,not just some 2 bit small country (regardless of how whimpish some choose to paint it)
BC, it was me that suggested the gold market was being manipulated downward. In all my years in banking I never saw that sort of behavior, however it obviously exists, as the Investment banks have been caught out & paying billions of dollars in fines. I have never thought the banks had a bias against gold unless there was a buck in it, another words they would treat gold like any other financial instrument.
On gold, it has obviously done well in the last 24 hours up over 1.5% & breaking $1350. There is resistance at $1360, however I see major resistance at $1420. What is encouraging about this rally is gold hasn't really soared. I have seen it spike 5-6% on a big night on the back of international crisis & usually straight afterwards it gives it all back. The buying appears relatively cautious & that has to be a good thing in the long run. The Ukraine will get worse before it gets better, however as long as it doesn't erupt into a full scale war between the Russians & the West, the story will get old & have less impact on the gold price, as a story. However there are other implications such as inflated gas prices in Europe, the Brent oil price along with it which will inflict economic strain on Europe in particular. Then there is the economic woes of the Ukraine as it is basically bankrupt & at some point there will need to be a bailout. With the Ukraine grabbing all the headlines, what the mass media are tending to forget is the Ukraine is just the first of many countries in a similar financial state & I'm sure it wont be on its own in regards regime change & civil unrest if not civil war. I believe this will be the tone for 2014 & perhaps 2015 & there will be large financial losses to come imo, particularly from European banks that have the largest exposure to the Emerging Markets. Hardly a time for equities to continue their push higher & we may have seen the start of the push lower in equities in the last 24 hours. One would have to expect gold to attempt $1420 in the coming month & that will be its real test. India by then may have completed their review on import duties & this may well be the catalyst to push gold through that big technical level. Happy trading! Cheers Daytr
With Europe potentially feeling the affects as well
I was thinking about buying, but gold seems to be taking a hit and what I'm interested in hasn't declined.
Could be it's a storm in a teacup, gung-ho Putin needs a face-saving way of extracting himself from the mess. Apparently troops involved in exercises have been 'returned to barracks'.