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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (149152)	6/14/2019 10:46:54 AM
From: Haim R. Branisteanu	Respond to of 217910

Many years ago the minimum stock price an insurance or pension fund was permitted to hold was $5 is this regulation still in force and the minimum price is the same?

To: carranza2 who wrote (149152)	6/14/2019 3:43:24 PM
From: bruiser98	1 Recommendation Recommended By philv Read Replies (1) \| Respond to of 217910

The MEK and Bolton? US Is Helping ‘Bloodthirsty Cult’ - the MEK - to Overthrow Iran’s Government

To: carranza2 who wrote (149152)	6/14/2019 7:16:29 PM
From: TobagoJack	1 Recommendation Recommended By Horgad Respond to of 217910

from Him From: H Date: Fri, Jun 14, 2019 at 9:13 PM Subject: Re: GOLD / 9999 / GUEED Imo geopolitics are a side-show from a gold market perspective. Geopolitical developments may accelerate a blow-off move (as happened e.g. in late 1979 - 1980 with the Iranian revolution and the Soviet invasion of Afghanistan), but these are ending actions. Geopolitical developments have never caused or sustained a rally in gold. Having said that, one of the things really worth paying attention to in the geopolitical realm w.r.t. gold is the relationship between the US and Europe. If that relationship frays seriously, it would cast doubt on the global monetary architecture, which is built around the USD. All non-USD fiat currencies are basically USD derivatives. Here is a list of the most important fundamental drivers of the gold price (some of them overlap): 1. real interest rates, as determined by the difference in market-derived inflation expectations and nominal interest rates (declining/ negative real rates = bullish, rising/ positive real rates = bearish) 2. the trend in credit spreads (widening spreads = bullish, narrowing spreads = bearish) 3. the steepness of the yield curve (steepening trend = bullish, flattening trend = bearish) 4. the trend in economic confidence in general 5. faith in the banking system’s solvency 6. the relative performance of financial stocks vs. the broad market (declining BKX/SPX ratio = bullish and vice versa) 7. faith in monetary authorities 8. faith in government more generally (with a special focus on the US fiscal situation, i.e., a fast growth in federal deficit / debt = bullish for gold) 9. the trend in risk asset prices (the trend in stocks and bonds is important because they compete with gold for investment; rising stock prices usually also denote growing economic confidence, but not always - they signal something different during periods of very high price inflation) 10. money supply growth change rate (rising = bullish) 11. the demand for money and the desire to increase precautionary savings (rising = bullish) 12. the trend of the US dollar vs. other fiat currencies (falling = bullish) 13. the trend of commodity prices (rising = bullish - note that gold leads commodity prices, and often the lead time is quite long). At the moment many of these have either already become more gold bullish, or are on the cusp of turning gold bullish because they have moved to extremes. On Fri, Jun 14, 2019 at 6:04 PM H wrote: Actually, the time for gold was when it hit $1,050 if you ask me. And again when it made a secondary low at $1,160. The question is whether gold will break out this time (in USD terms) - and the chances are a lot better than they were previously, because the macro-fundamental drivers of the gold price have turned decidedly more bullish. I attach a chart of one of the most important ones - it shows the inverted 5-year TIPS yield vs. the gold price. TIPS yields are the best market-based indicators of real interest rates. Moreover, gold has already broken out to new highs in Australian dollar and Rand terms, and early in new gold bull markets the gold price in terms of these currencies tends to lead the USD gold price. (see A Surprise Move in Gold). The same is true of South African gold stocks, which have likewise broken out to new multi-year highs (in Rand terms). Besides, we now have Paul Tudor Jones in the bull camp, and he is traditionally very good company (one of the best macro traders in the world, imo). The expected breakout may not happen right away though - we may need a pullback first in order to dampen sentiment a bit (sentiment of gold futures traders has become a tad too bullish for comfort). Apart from that, everything is lined up nicely. If I were to guess, I would say that next week's Fed meeting will probably provide the "excuse" for a round of short term profit-taking in the sector. Seasonally, a (higher) secondary low is often established in early August, just ahead of the seasonally strongest months for gold (September - February).