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December 11, 2017

#Gold & #Silver Commitments of Traders

#Gold shares are not oversold but are in neutral territory and physical gold and silver is in neutral territory and this for weeks already.

Commitments of Gold Futures Traders show
large speculators (hedge funds and money
managers) reduced their long positions taking
the losses. Net commericial gold traders
reduced their short positions cashing in gains.
Net commercial dealers almost always win
against large speculators, although they have
sometimes to be very patient. Positions are
still very large but we like what we see that
short sellers are satisfied with their gains
(attachment 1).

As per Dr. Murenbeeld's Gold Monitor the
speculators on COMEX have finally cut back
on their net-long positions by 159 tonnes
equivalent through last Tuesday. We are sure
long liquidation had further accelerated during
the later part of the week.

October 17, 2017

Stel­lar smashups are the source of #gold, #plat­inum, #uranium & other heavy el­e­ments found through-out the uni­verse

Quite incredible.  Now the question is, how do they go from there to depositing themselves throughout the earth in different geologic conditions and settings?

Can someone explain?

"As­tronomers scan­ning rip­ples in space-time have de­tected the col­lision of two neu­tron stars for the first time—and, by an­a­lyz­ing the flare from the cat­a­clysmic crush, dis­cov­ered such stel­lar smashups are the source of gold, plat­inum, uranium and other heavy el­e­ments found through-out the uni­verse."



October 11, 2017

#Gold shows it’s luster amid weak #currencies

- #Gold has always done best in an environment of weak currencies. The latest example is the Turkish Lira #TRY
- Big #gold buying in Germany lately comes at no surprise. In the past 100 years, German investors have seen fiat currencies come and go: 8 at last count. 

 

The latest political tension between the U.S. and Turkey (arrest of a U.S. diplomat in the U.S. embassy in Turkey) has led to the gold price rising in Turkish Lira (attachment 1 - one week chart).

 

The 5-year chart shows how gold has performed in Turkish Lira since 2013.  Especially since 2015, gold has gained 50% versus the Turkish Lira. Gold is safe haven for the Turkish citizens.

 

Turkish gold imports reached 289.7 tons from January-September 2017.

 

Attachment 3 shows gold versus the British Pound on a 5-year chart. Since the Brexit Referendum of June 23, 2016, gold in British Pounds has gained around 20% but the Pound was already weak versus gold since fall 2015. Big events throw the shadow ahead.

 

If Spanish Pesetas still existed, the Peseta would be very weak against gold due to the Catalonia referendum. But Pesetas doesn't exist anymore, although when you shop and pay in Spain your shopping ticket shows the amount in EURO and also in Pesetas.  Politicians are warned, citizens have a mammoth memory.

 

The big gold buying in Germany lately comes at no surprise. German investors have seen fiat currencies come and go: in the past 100 years, Germany has had eight (8) different currencies. The weak governments in the Euroland, the upcoming sovereign debt and banking crisis don't bode well for a great future for the EURO.

 

The so called "agreement" of last Sunday between the sister parties CDU/CSU, the largest party in Germany, on the refugee politic, looks more like what is called in spanish una piñata (Wundertüte in german or pochette surprise in french or surprise bag in english). Another meaningless agreement and nobody knows what is exactly in it.

 

The weak "agreement" is due to the fact that Germany is currently forming a new majority government. While the international financial world believes, with probably Mrs. Merkel heading the new government, everything will be the same, the reality is completely different. She needs a coalition with the Liberals (FDP) and Greens, a so called Jamaica coalition, named after the colors of the flag of Jamaica, black, yellow, green. The power of the German government will be weaker as the CDU/CSU will have to please the junior partners and its influence in the European Union will be diminished. Through this the EURO will become a softer currency.

 

 

 

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