Is a Central Bank Digital Currency (CBDC) a good idea for the USA?
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Loading ...In the 60’s and early 70’s Charles De Gaulle and the French using their surplus of dollars to drain undervalued gold out of the US Treasury and bringing it to France.
Now today China and Russia Et al sucking the gold out of the western world and bringing it home on account of undervalued gold.
Such a difference to see the mkts come back, like this.
I see the China situation is not calming down at all. I can’t help thinking that that is driving some of this buying, as the dealers obviously have heavy buy orders every day, to fill.
As Trade Talks Begin, Trump Lashes Out At China In Angry Tweetstorm
after the obligatory hit on the economic numbers that came out this morning.
Personal Income and Spending and some other data point were all in line with expectations – never the less they had to hit the metals for a few bones just because. Nice to see us snap back.
Re the Dax…the Kraut scum must have gone on holiday, as the Dax is reacting to the lousy economy over there….7 straight quarters of declining growth.
Strut your stuff then. Rates back to 2.05%. USD flattish. SM squishy.
What could go wrong?
Gold was pounded last nite and has recovered all…silver is up 4 cents–jnug and. nugt aren’t up much…but it’s. early. still….that said, I’m happy to see gold is. up and. resilient…and I see no problem with this. happening before the FED spiel…that the Cartel can’t drop gold before the announcement seems quite bullish…to think otherwise would. require me to concoct a rather clever conspiracy scenario….but maybe…one can never be sure with gold.
I also think it is very interesting and bullish that gold is showing this strength when stock mkt. futures look like they may have a rare down day for all indexes.Euro stocks are in the red too…the DAX is. down 272…could it be DB again??
My pom-poms are ready…as the day progresses, if gold looks like it’s gonna really log a big up day, then I will waive them and strut about…
Big Boy parked by my house this past weekend. Pretty awesome sight.
Summary
After a failed breakout attempt, the price of gold has fallen back into the holding pattern which was established last month. While it may be frustrating for some investors that gold remains locked in a tight trading range, the lack of forward progress in recent weeks has actually done the market some favors. For one thing, it has cooled off the excess heat generated by its June rally. It has also allowed the bulls to consolidate their control over gold’s dominant intermediate-term (3-6 month) trend.
In today’s report, I’ll argue that the longer gold remains in this holding pattern, it increases its chances for another surge higher later this summer when the metal’s historically bullish seasonal tendencies kick in. I’ll further make the case that recent strength in the U.S. dollar is no longer a major concern for longer-term gold investors.
https://www.gold-eagle.com/article/why-strong-dollar-isnt-death-sentence-gold-price
Yep. Pretty decent action in the metals but just so-so in the shares. I’m not sure being up in advance of a Fed meeting is good or not.
Silver stocks were weak today. Not sure why. Maybe just because.
today is a big day because gold won a ferocious morning skirmish, didn’t sell off and logged a respectable gain of $8…but. what is so bullish is that it. has done this before a. FED meeting and a. jobs report & with the $ green. all day…I see silver is up 10 cents but the silver stocks barely are up…it’s always something…the HUI’s coming alive…I’ll. take 7 or 8 buck days anytime…I got a feeling tonight could be exciting…still looking for a $50 or $100 upday
He must be listening !!!!!
I am working off weekly signals so nothing is set in stone yet. However, since liftoff this is the most dangerous to the dramatic upside Int signal by far. Nice time to take partial profits, imho. The Gold bull finally gave us a new Int high when it broke $1378 which, it had failed to do since July 2016! So, very sure, $gold is in a bull trend. We also know that this market is not going to go just straight up. I am simply stating to BEWARE right now. Could be a very short Int down cycle coming but, why take that chance? Time to cash in some profits now and have the firepower to nail it once again when the signals say go for it. The heathens will have their day…again and again. Just stand aside. I am of the opinion that NOW is a good time to stand aside.
Considering how high the phony US Dollar is, near 100, gold is looking extremely healthy and well nourished to me. When that dollar drops there would be an extreme tailwind.
One thing we know for sure, when we get pauses like this, if we don’t get going to the upside pretty soon we’ll definitely get going to the downside.
A lot of crap on the table this week with the Fed meeting and jobs report. No doubt we’re in the “danger zone”.
DRAMATICALLY, right now,,,this week, to avoid an Int, sell signal, imho. It’s now or never. No sell signal yet but, very close and closing.
Yup. Sold the shares right out of the gates. For some reason the filthy filth wants to keep $1420 contained and are adding the shares to keep the excitement down.
The volume in the shares is pretty anemic though, so no mass selling panic just yet.
https://www.zerohedge.com/news/2019-07-29/markets-coiled-ahead-most-important-week-year
For what has been widely accepted as “the most important week for markets of 2019”, the market sure is taking its time to get excited, with overnight volumes subdued and global shares easing modestly on Monday with US equity futures hugging the unchanged line as the dollar has hit a two-month high against a basket of currencies as markets began the 2-day countdown to a guaranteed rate cut in the US on Wednesday, with much riding on whether the Federal Reserve cuts 25 or 50bps and signals more cuts are to come.
This is open warfare! gold down 20 cent…screwthis, I’m goin out…I got a life to live…[such as it is] Besides…..I’m…
it’s just outright suppression–if. gold can recover, then…..
How can they coordinate that?? Now silver gave up its 3 cent gain and is down 1 cent-
WOW! gold down 1.90–the filth are throwing. a temper tantrum…
Yes. The USD is moving against us but it looks like the Ten yr. is working in our favor down from 2.08 to 2.05%
The shares seem firm. We’ll see what happens as the day wears on.
