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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 374.96

+0.2%

Nov 19 4:00 PM EST

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To: carranza2 who wrote (149145)	6/14/2019 3:18:07 AM
From: TobagoJack	Read Replies (1) of 217901

report from the front From: Subject: Unusual high volume (28K lots) in Asian this afternoon to push GCQ9 above 1360, Is It Time to Get Bullish on Bullion? Date: 14 June 2019 at 3:13:39 PM HKT To: Dear All, The gold price is likely to be supported by central bank purchases. This week it was revealed that China upped its gold reserves to 61.61 million ounces in May from 61.10 million in April. In tonnage terms, this represents an increase of 15.86 tons, after almost 58 tons of the precious metal was brought into the People’s Bank of China in the previous five months. The backdrop suggests that modest gains in the metal’s price are likely, with some predicting the price could rise to $1,400 this year, 5pc above the current price. But investors need to remember that the price of gold is driven by fear – and peddling doom to create sales opportunities for the metal is big business. For the gold price to really get moving, an inflationary backdrop is also needed – and inflation is currently missing in action.

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