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Gold, Discussion
flower
post Posted: Yesterday, 01:44 PM
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In Reply To: flower's post @ Jul 18 2014, 10:07 AM

QUOTE
Tragic news overnight of the loss of the plane, plus ground invasion by Israel appears to have opened a fairly large gap in the daily POG.

This gap and the attendant POG could fall as quickly as it opened, maybe even over the weekend.


With all the tragedy, the war talk over Israel/Gaza etc one would have thought that the POG should be doing something, however it isn't.

The FOMC meet tonight and do not meet again for 8 weeks, nobody expects this band of ?????'s which is today's FOMC to actually say or do anything constructive, but surely at some point the yellow metal should become at least "alive".
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cooderman
post Posted: Jul 18 2014, 10:38 AM
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In Reply To: flower's post @ Jul 18 2014, 10:07 AM

Flower you seem to be missing some data on that chart

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flower
post Posted: Jul 18 2014, 10:07 AM
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Tragic news overnight of the loss of the plane, plus ground invasion by Israel appears to have opened a fairly large gap in the daily POG.

This gap and the attendant POG could fall as quickly as it opened, maybe even over the weekend.
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flower
post Posted: Jul 16 2014, 02:30 PM
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Some market observers now fear spot gold could fall as far as USD1270----- before resuming it's climb from USD1245 started early June, which will not assist the myriad of goldies about to report their 2014 Q2 results.
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flower
post Posted: Jul 11 2014, 09:43 AM
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In Reply To: jeeves's post @ Jul 10 2014, 07:26 PM

This clip from overnight AAP, may have been the cause of the overnight rise in the POG, the main concern here is that this and other factors may force the ECB into their own version of money printing. That is not to say that the POG isn't getting slightly over bought, watch out for any pull back before a really mammoth upwards move over late summer into Autumn US time, as the real problem child--the FED moves centre stage.
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""Worries over the health of Portugal's biggest bank on Thursday raised fears that the country might run into financial trouble again — just weeks after emerging from a bailout — and trigger a flare-up in the market crisis Europe thought it had quelled

Stocks and bonds fell worldwide while the price of gold rallied as traders sought it out as a safe investment.

The tensions center on Espirito Santo International, a holding company that is the largest shareholder in a group of Espirito Santo family companies, including the parent of Portugal's largest bank, Banco Espirito Santo. Espirito Santo International reportedly missed a debt payment this week and was cited for accounting irregularities — the sort of shenanigans that helped cause Europe's debt crisis four years ago.

Portugal is one of the smaller eurozone economies and, like Greece and Ireland, needed an international rescue in 2011 during the continent's debt crisis. A three-year economic recovery program was supposed to straighten out its finances. Difficulties at Banco Espirito Santo have triggered fears there may still be some unexploded bombs.

The International Monetary Fund, which provided funds for the Portuguese bailout, acknowledged in a statement that "pockets of vulnerability remain" in Portugal but declined to comment specifically on the case.""

etc etc



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flower
post Posted: Jul 10 2014, 10:21 PM
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In Reply To: jeeves's post @ Jul 10 2014, 07:26 PM

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Gold at $1340 with a bullet. Is this the start of a new push higher?


Very possibly, a myriad of world events are unfolding not least the ludicrous position Janet Yellen is taking as the new FED Chairperson, don't know right now what this jump in the POG is triggered by, it may be that this comment by Bullard (is he a current voting member of the FED?), or it may be something completely different. Lets see how tomorrow unfolds, especially what the US job stats show Friday night.


"""Federal Reserve Bank of St. Louis President James Bullard said a rapid drop in joblessness will fuel inflation, bolstering his case for an interest-rate increase early next year.

"I think we are going to overshoot here on inflation," Bullard said yesterday in a telephone interview from St. Louis. He predicted inflation of 2.4 percent at the end of 2015, "well above" the Fed's 2 percent target.

"That is a break from where most of the committee seems to be, which is a very slow convergence of inflation to target," he said in a reference to the policy-making Federal Open Market Committee.""""

http://www.bloomberg.com/news/2014-07-10/u...s-comments.html



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jeeves
post Posted: Jul 10 2014, 07:26 PM
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Gold at $1340 with a bullet. Is this the start of a new push higher?

 
flower
post Posted: Jun 26 2014, 02:30 PM
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In Reply To: mullokintyre's post @ Jun 26 2014, 10:34 AM

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mullokintyre
post Posted: Jun 26 2014, 10:34 AM
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In Reply To: flower's post @ Jun 26 2014, 10:06 AM

Flower, it would be really helpful if you included the URL to original documents you quote.
It may save your skin if someone were ever to charge you with breach of copyright.

I have a suspicion that this an older article, particularly when you look at the headline in the middle where it says "Editors note: 5 Signs Stock Market will collapse in 2013"
Given that its now half way through 2014, thats a little out of date.

Mick



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flower
post Posted: Jun 26 2014, 10:06 AM
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In Reply To: cooderman's post @ Jun 26 2014, 09:37 AM

This sort of comment found on the web this morning seems the likely outcome to decades of money lending below its inflation included cost, and won't do the POG any harm either:
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The era of slowing global inflation looks to be over. Three years of worldwide disinflation is ending, in the eyes of economists at JPMorgan Chase & Co. Their estimates show global consumer prices accelerated 2.65 percent in May.

That’s the fastest pace since April 2012 and the level they’d targeted for the end of 2014. It marks a 0.6 percentage point jump since February, when the 2 percent rate was the lowest since November 2009.

Editor's Note:
5 Signs Stock Market Will Collapse in 2013

It’s not just food and energy costs. Inflation excluding those more volatile measures was still 2.1 percent in May. The hunch at the biggest U.S. bank is that companies are regaining pricing power as manufacturing strengthens, said David Hensley, an international economist at JPMorgan in New York.

The analysis may surprise those investors who spent the year pushing up bond prices. It may also grate on economists such as Nobel laureate Paul Krugman, bemoaned “inflation hysteria” on Wall Street.

“We definitely have seen the turn,” said Hensley in an interview. “It would be an abrupt swing to go to worrying about the inflationary upside, but we may be seeing that shift taking place.”

Like JPMorgan, Societe Generale SA economist Aneta Merkowska told clients last week to “prepare for the return of U.S. inflation.”

Yellen Challenge

She predicts Federal Reserve Chair Janet Yellen will face consumer-price gains outside of food and energy of 2.3 percent by the end of the year. Import prices are bottoming, slack is eroding and housing and health-care costs are bouncing, she wrote in a report.

That could put the Fed behind the inflation curve, she said. Waiting to the middle of next year to raise their benchmark rate — as markets and officials have indicated is likely — would spell an unusually late start to tightening given the core rate may exceed 2.5 percent by then.

The Fed raised rates in 2004 and 1999 when inflation was closer to 2 percent, said Merkowska, who predicts the Fed funds rate will be at 2.5 percent by the end of 2016, higher than the market bets.

Krugman’s hysteria accusation is hyperbolic itself given investor measures of inflation expectations do not suggest panic about prices, according to Neil Dutta, head of U.S. economics at Renaissance Macro Research LLC in New York.

While faster wage growth has yet to materialize in the U.S., unemployment has fallen quicker than expected, banks are boosting lending and rents and medical care are becoming costlier, he told clients in a report.

“In the investment business it is much better to be prepared than surprised,” said Dutta







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