EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
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I SELL GOLD @ ROUND NUMBER 1234.5 $ = 1 2 3 4 5
agree with me
Hats off to you! Credit given where due! You made a gold bull call...and you can laugh your way to the bank.
Having given credit, it could plunge within a blink. Goodluck...
Asad
Due to the recent news FED probably will remain rates till 2011,
By the time DXY goes higher ,
If lending rates between banks remain so low under these DXY conditions ,banks will not lend
money, Hence from where will they find money ? DO YOU THNK THEY WLL SELL GOLD ? Or a new crisis ?
Apparently the Chineses' gold buying is linked to the ever raising CPI.
Anyway I've been shorting all industry metals for some time and shorting Russian RDX London.
If both Europe and China tank Russia will go bust.
Shale Gas Will Rock the World-Wall Street Journal
"We've always known the potential of shale; we just didn't have the technology to get to it at a low enough cost. Now new techniques have driven down the price tagand set the stage for shale gas to become what will be the game-changing resource of the decade.
I have been studying the energy markets for 30 years, and I am convinced that shale gas will revolutionize the industryand change the worldin the coming decades. It will prevent the rise of any new cartels. It will alter geopolitics. And it will slow the transition to renewable energy."
http://online.wsj.com/article/SB10001424052702303491304575187880596301668.html?mod=WSJ_hp_mostpop_read
I'm not short gold, but I can tell you gold will be trading lower...as early as tomorrow! I sincerely hope that you're not long heavily...because we could see a thud of $50 as we've seen in the past.
ONE good data and we'll see it. And I pretty much believe that the EU nations would 'require the services of gold' to fund the $1 tn 'bailout'. Even if not, stability will be forcing gold lower.
I agree that we could see gold at 1400 this year, but not for now...
Asad