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Someone/ some people are taking the scum on in PM’s…..and not a word has leaked as to who. We know the scum exist, as one just has to look at the the relevant trading and it is clear they have not packed up, let alone tried to cover anything, they have kept right on going….so who the hell is taking them on…my guess it is physical demand out of China as insurance against bad times….Xi is not popular and the political situation in HK, would worry u if u were in China, as all the promises about freedom in the long term etc are being broken.
Hmm… I guess so as long as bonds are rallying too. Not sure if gold is set to rally unless yields continue to fall a bit although silver is just ready to burst.
The Yield Curve Is Crashing (As Stocks Surge Into Open)
US equity futures are lurching ever higher into the cash market open, because – reportedly – “optimism over US-China trade talks.” The only problem is – the yield curve (and rates) are collapsing…
One could argue that the machines are just running stops…
The Gold/Silver Ratio is going to break down below the 200-day moving average today if this keeps up with a measure putting silver in the $20 area minimum…maybe by the weekend.
Chuckle…snort…the option granters (banks) will be paying out lots today if silver closes above $18.
Har de har har…couldn’t happen to a nicer bunch of creeps.
Central Banks Just Love Gold and It’s Going to Stay That Way
Bloomberg News
August 26, 2019, 11:48 PM EDT Updated on August 27, 2019, 4:18 AM EDT
China has ‘plenty of room’ to increase its holdings, ANZ says
Purchases have climbed amid global growth slowdown, trade war
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A major gold-buying spree by central banks is likely to persist in the coming years, according to Australia & New Zealand Banking Group Ltd., which flagged the potential for further purchases by nations including China.
“In the current environment, where uncertainty in emerging-market currencies is high, we see good reason for countries like Russia, Turkey, Kazakhstan and China to continue to diversify their portfolios,” ANZ said in a note on Tuesday. Net buying by the sector is likely to stay above 650 tons, it said.