The upside down #HeadAndShoulders Will take us where?
Are we seeing the beginning of a #HeadAndShoulders here?
Should be an interesting year ahead....
____________________________________________________
April 19, 2020
April 17, 2020
Dislocation of #Gold Markets Continues
Tags:
comex,
GLD,
Gold,
LME,
London,
South Africa,
Switzerland,
trading,
UK
The disconnect has remained wide as some of the world's largest banks, which are also the top gold dealers, have grown wary. Even though there is now plenty of time to get metal to New York for June delivery, the wild moves of recent weeks, and the potential for coronavirus-induced logistical headaches, have increased the perceived riskiness of trading the two markets.
"I would guess that the risk managers are not allowing these big positions to be run," said John Reade, chief market strategist at the World Gold Council. "It's moved from a concern about availability and transferability of metal to one of risk appetite."
April 15, 2020
#Gold Sparkles As Interest in Gold #MiningStocks and Royalty Companies Takes Off
Tags:
GLD,
Gold,
mining stocks
Interest in Gold Mining Stocks and Gold Royalty Companies Takes Off
We're currently seeing a surge in interest in gold mining stocks and gold royalty companies, if Google search data is any indication.
Search terms using "gold mining stocks" and "gold royalty companies" were higher this month than at any other time in the past 10 years. That includes when the yellow metal hit its record high of $1,900 an ounce in 2011.
See the whole article on Forbes here: https://www.forbes.com/sites/greatspeculations/2020/04/14/gold-sparkles-as-the-great-lockdown-hammers-the-global-economy/
______________________________
Subscribe to:
Posts (Atom)
