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- Mcbeaners replied 42 hr ago
i'll close on this url cb buying is less then jewelry purchases. this might have changed in the last two years. what is interesting to me is when did the smart money know that china stopped buying? bet it was more or less when they did. of course ...
- Mcbeaners replied 42 hr ago
well ok. china started buy in 2015 and that was the bottom in gold. conssidink? or correlation. url can't get russia. if china starts buying gold again next month will it start going up? me thinks not. they are clearly astute traders.
- Mcbeaners replied 43 hr ago
closed my gold short. probably will continue but i don't like to trade after the uk closes. dollar looks a little toppy. might start trending in a hour or two.
- Mcbeaners replied 44 hr ago
you refer to russia china? if you do that goes against what i have read. have to remember they have been buying for x years now. gold has only rallied in the last year or so. we can agree to not agree np.
- Mcbeaners replied 45 hr ago
just to add to the above - russia and china both produce loads of gold which in turn is bought by their cb's. this gold will probably never hit the west.
- Mcbeaners replied 45 hr ago
well neither do i. ;o) it was written somewhere and i noted it. buying from cb's doesn't effect price - never has. maybe one could argue stop buying has an effect. but that is not my experience.
- Mcbeaners replied 46 hr ago
daily chart - gold should break support today imo.
- Mcbeaners replied 46 hr ago
historically cb buying hasn't had much influence but it does add the neg mix on the metals. normally gold is seen as a risk off asset, which itself is strange given it is seen as original safe haven product. we see es dropping and we see all metals ...
- Mcbeaners replied 47 hr ago
"bingo" as they say.....
- Mcbeaners replied 47 hr ago
not expecting non-farm to positive for the metals. dollar positive imo. es might top out. maybe. edit - at least initially.
- Mcbeaners replied Jun 6, 2024
me thinks at least today (right now it will go up). perhaps it will go down overnight (most likely). good luck.
- Mcbeaners replied Jun 5, 2024
ok right about the dollar too just timing was off. :o) i reckon the dollar will bottom here ish. and the summer of dollar love will start sooooon
- Mcbeaners replied Jun 5, 2024
mucking around with some lines and fibs. prev top only hit 1.27 therefore more to come imo. is the bottom in - we need more time to confirm.
- Mcbeaners replied Jun 5, 2024
copper is serious backwardation 2 cents now. some days it is close and moves in and out of backwardation. this move seems to have created some space between.
- Mcbeaners replied Jun 5, 2024
right about the metals but not completely right about dxy - it reversed on the news.
- Mcbeaners replied Jun 5, 2024
also reckon dxy will get back to 1.04 after today. as ever, we'll see.
- Mcbeaners replied Jun 5, 2024
looks like industrial metals are going to do well in 30mins. silver cooper
- Mcbeaners replied Jun 1, 2024
sierracharts and/or ninja trader. there are others but those are ones I know.
- Mcbeaners replied May 31, 2024
I told you already - check you mail.
- Mcbeaners replied May 31, 2024
actually - dxy is giving the same setup. summer of love for the dollar? maybe?