From Birch Gold Group: It is generally well known in economic circles and in the general public that precious metals, including gold, tend to be the go-to investment during times of fiscal uncertainty. There is a good reason for this. Precious metals have foundation qualities that provide trade stability; these include inherent rarity (rather than
DXY cratered to new lows last night: But the AUD fell as well against everything: Including EMs: All it took was one thinning jobs report. Gold stalled but if both DXY and AUD are going to fall then local miners are in clover: Brent wants to correct but is being held up by the falling
Gold priced in USD has had a great start to 2018, up nearly $100USD per ounce since the early December 2017 trough and capping a great 2017: Alongside other commodities, the driving force behind the appreciation is the weakening USD, but there’s also other factors involved in gold’s revival, as it approaches its 2017 high
Sigh, at the ABC: The gold industry is pulling out all stops in its fight to defeat what it claims will be a job-crippling royalty increase. From taking out large newspaper advertisements to inviting key media figures to dinner at fancy restaurants, the mining lobby is leaving no stone unturned in its battle against the
Dalian is selling today: Big Iron is up anyway: BHP and RIO are both pushing towards break out lines. RIO is right on it and if it can break through then $72 and $86 beckon: The Big Gas re-rating continues as the disastrous Do-nothing Malcolm attacks AGL instead of the pensioner killers. No end in
Dalian is trying repair overnight damage today: Big Iron is down sharply. BHP and RIO failed at largish double tops, at least for now… Big Gas is soft but the pensioner abuse specialists continue their predictable but appalling re-rating: Big Gold is off sharply. I remain a seller short term: Big Sleazy has caught a
Dalian is firm today but going nowhere really: AUD is rampaging towards 81 cents: Which is capping Big Iron: And Big Gas: Big Gold is mixed: Big Sleazy is at new lows: Big Spruik is mixed: The ASX is at the brink again of its descending triangle: The rampaging AUD may push it off…
Dalian is trying to rebound: BHP is still nudging breakout: Big Gas continues its re-rating with exporters down and the domestic gougers flying: All I can say to that is, what a pack of bloody idiots we are. Big Gold is powering, working beautifully as portfolio insurance. I’m still a seller here for the short
Dalian still down: Big Iron flat a with BHP pushing hard at break out: Big Gas is weak, except Santos which is re-rating as the government sticks its head in its energy arse: Big Gold is on fire. I’m still a seller into strength on the basis that the DPRK will fade and USD is
Dalian has opened OK: So too Big Iron with BHP and RIO nudging break outs: Big Gas is stable, more than can be said for pensioner energy bills: Big Gold is powering. I’m still a trading seller into this strength. DPRK tensions should fade: Sleaze Bank has opened a trap door: And is rapidly approaching
Dalian is still running: Big Iron is down as it goes ex-div: Big Gas is running too. The two pensioner rorts, STO and ORG, are re-rating I reckon. The market does love a rent-seeker: Big Gold loving it. I’m still a seller here on the basis that the USD fall is (largely) done: Sleaze Bank
The ASX is flat flat today, sitting right at the bottom of a scary descending triagle: Dalian is down again: Big Iron is mixed. BHP approaching break out: Big Gas and the pensioner gouge roar on: Big Gold too: The Big Sleaze can’t stop falling. Perhaps Narev has to go?
Break! XJO has just seen its symmetrical triangle break down the wrong way. It’s taken out the 200DMA to boot: This clearly opens the way for lower. Thanks DPRK! This should still lead absolutely nowhere in terms of North Asian conflict. Japan and US have requested a UN Security Council meeting. But we’ve yet to
by Chris Becker Risk markets are on edge with the latest missile launch from North Korea, this time coasting over the northern islands of Japan. The usual safe haven bids of Yen and gold responded swiftly: But is this latest move higher in gold, which I talked about last week, about something else? It’s got
Jonathon Tepper has a new name for the CBA: And investors are voting with their wallets, hitting new lows: The chart still suggests no support right down to $70 and with the politics getting worse who knows? The under-performance is worsening but the whole sector appears increasingly tarnished: Meanwhile today, Dalian has managed to ease
Via Macquarie today: Gold’s rally – too much, too soon We are gold bulls. But short-term both the physical and financial sides of gold are flashing red, and we believe the price is set for a weak September. At present things look rather different. The dollar gold price has enjoyed a decent rally
Dalian is warming up again today: XJO is up too as its symmetrical triangle narrows: With Big Iron powering, it would seem that the odds favour an upside break from that pattern: Big Gas also appears constructive as it ravages east coast pensioners: And Big Gold looks positive too as it climbs: But holding it
by Chris Becker With chaos comes opportunity and with the wheels falling off the Trump administration and central banks hell-bent on getting back to “normalcy”, not just the gold bugs are calling for a return to the shiny metal. Beyond the macro risks are the technical factors that will indicate a breakout in gold. A
No Wall St rally for you! XJO is kidding: As Dalian crashes: Big Iron is off: Big Gas looks strong. If you don’t mind stealing from pensioners then the charts look constructive: Big Gold is firm too but I’m definitely a seller on the notion that Trump has bottomed: Big Bubble is getting hosed as
Dalian is up again today but looking a little tired as parcel limits kick in: Big Iron ore still roaring: Big Gas is outdoing oil: Big Gold looks strong: Terror Bank continues to under-perform: And Big Liar to ignore reality, though MEA has faded (or that might be an uber-bullish “cup and handle” formation: Finally,
Banana Man is once gain in control in China: Big Iron is loving it with FMG up 7%: Big Gas is also up with oil: Big Gold is stable. I remain a seller on the bold hope that the Trump Administration is at the lows (for now): Big Bubble is getting caned, especially Terror Bank
Dalian has tried but largely failed to blow off again today: Big Iron is down: Big Gas too. ORG is showing promise, and why wouldn’t it, so long as you don’t mind stealing from pensioners: Big Gold is mixed and I’m still a seller here. North Korea is a non issue and the ECB is
The commodity pain trade is roaring upwards today with iron ore off the hook up 6%: Big Iron is pretty circumspect about it: Big Gas is weak, notably so when one reads all of the positive guff coming from brokers: Big Gold is hot as it signals more USD weakness. I am a seller here
Via Morgan Stanley: ‘…so you’re a commodity analyst, and you don’t track bitcoin? Should I be worried about that?’ – bitcoin enthusiast Latest fiat money: Bitcoin’s value has lifted about 5x since a period of relative stability pre-Nov-16, to over $4,000/bitcoin (Exhibit 1,2), on mainly rising geopolitical tensions. Curiously, we’re receiving investor queries on this
See ya and wouldn’t wanna be ya. That’s today’s market message for Ian Narev as CBA jumps on his exit: Dalian is eroding as China data heralds the slowdown: Not that Big Iron cares: But it will! Big Gas also looks weakish: Big Gold is flying though: I’m a seller here as the DPRK
by Chris Becker Gold isn’t money or currency. Its main use is as jewellery. Because its shiny. Shiny things sell. Outside vanity, its real utility is in specialist industrial applications particularly electronics, but also optics and space based applications. But that ignores its historical “value” whereby like a lot of other institutions, its worth is
A currency shock is being unleashed upon Australia: How high it goes is anybody’s guess. I still say low 82-83 cents with DXY falling further yet as EUR powers on. But everything is sure getting overheated. Dalian is falling: The ASX is staggering under the load. Big Iron is trying but can’t get far: Big
Dalian is soft during the day: Big Iron is copping it: Big Gas does not look well: Those descending triangles on the majors might break. Oil has rebounded but they haven’t… Big Gold still looks weak too: Big Bubble has lost it’s froth: And Big Liar is whatever: Avagoodweekend.
Dalian has just flopped into the positive today: With Big Iron down a little: Big Gas is up a bit as one of Australia’s most evil firms, STO, gouges the entire east coast for better profits: Big Gold is still sickening: Big Banks are trampling the APRA pansies: As Big Liar trades sideways: Another ethicists
Dalian is still powering today: But Big Iron isn’t as the AUD rips: Big Gas not happy, either: Big Gold is downright unhappy: Banks are partying after APRA didn’t address risk weights. But it is surely going to… Big Liar is going nowhere: ASX still stuck in the mud.
