One of the only assets in the green overnight. Good back over $1100.
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One of the only assets in the green overnight. Good back over $1100.
China share market down 6.4%, the biggest part of the US economy contracting, US frackers approaching default in March, European banks under strain, Brexit fears.....
Where too from here for the barbarous relic?
Is this a rhetoric question given the name of the thread?
NZX close to its historic heights, many stocks going from strength to strength (in no particular order and randomly selected from my watchlist - e.g.: NZR, MEL, MET, AWK, CVT, FPH), Airlines doing well internationally and Aircraft manufacturers (we hear) as well.
Just to show that there is still some juicy stuff in the bottom part of the glass ... but yes, volatility is high.
Sounds like though - you are the man for the gold ... OGC, TRY and others goldies are doing well these days. Whether they will be however tomorrows winners as well? Who knows, I currently hold some of them, but hold my finger close to the sell trigger. Fortune can change fast during gold rush times.
Hi Logen, that is interesting all right, where is the connection to gold?
http://www.ctvnews.ca/business/canad...erts-1.2804492
Canada's gold reserve sell-off makes sense: experts
Could this be repeat of Geòrge Brown,s mistake when he sold the UK stash for$300 shortly before pog went much mùch higher.
I don’t think history will repeat in the same manner. Some used to call it Brown Bottom. The last bear market in gold lasted from 1980 until 2002.
It was actually Gordon Brown who pushed the price lower by selling Brtiain's gold in the manner he did. There's quite a bit of evidence that points to this being intentional, e.g.:
http://blogs.telegraph.co.uk/finance...ck-down-price/
Times are a lot different now than the 1980 - 2000 period. I think we'll see a lot of volatility in all asset classes with gold and silver trending higher.
I don't really know how much of world govts wealth is in gold but if world central banks started dumping gold to prove that it is no longer part of the monetary system then surely gold becomes worthless. I mean if you can go to negative interest rates and get rid of large denomination notes then getting rid of gold isn't a big deal is it? Really there is no need for gold especially is you go cashless. People won't have a choice if the world goes cashless, unless they start using gold as an alternative to currency.