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

To: Rarebird who wrote (149879)	8/7/2019 9:59:32 AM
From: TobagoJack	Respond to of 217735

Superior, what you wrote. Am also not a gold bug. In the sense that I do not believe gold is the answer. Gold simply forces us to ponder questions, and answers its own questions. I do like gold, as I like eggs. Both are well packaged. Re anti-China bug, it is the season, useless endeavour, and worse, expensive; China shall not fold, and shall remain around. Same same w/r to Russia. Together, anti- becomes really expensive. But my take, “oh well, next”. I shall save the issue of <<political metal>> for later, after refreshing my pondering. In the meantime we best dwell on the imperative that is “what would it all be should the boyz weaponise gold for war” bloomberg.com China Scoops Up More Gold for Reserves During Trade War Ranjeetha PakiamAugust 7, 2019, 5:11 PM GMT+8 PBOC increases bullion holdings as prices rally to 2013 high There’s a powerful constant amid the to-and-fro of the U.S.-China trade war as currency policy gets dragged into the standoff between the world’s two top economies: Beijing wants more gold in its reserves. China’s central bank expanded gold reserves again in July, pressing on with a run that stretches back to December. The People’s Bank of China raised holdings to 62.26 million ounces from 61.94 million a month earlier, according to data on its website. In tonnage terms, the inflow was close to 10 tons, following the addition of about 84 tons in the seven months to June. Gold has rallied in 2019 to a hit a six-year high as global growth stutters, central banks including the Federal Reserve eased policy, and the festering trade war all combined to bolster demand. Increased central-bank buying from China to Russia and Poland has helped to buttress consumption at a time of rising prices. This week, the conflict between Washington and Beijing worsened as the yuan was allowed to breach a key level, reinforcing the case for havens. “It is important for the country to diversify away from the U.S. dollar,” Philip Klapwijk, managing director at consultant Precious Metals Insights Ltd., said before the PBOC’s latest figure was released. “Over the long run, even relatively small-scale gold purchases add up and help to meet this objective.” Gold futures rose as much as 1.3% to $1,503.30 an ounce on Wednesday, the highest since 2013, before trading at $1,500.70 at 11:26 a.m. in London. “This fits with China’s well established pattern of increasing gold reserves month after month but not in a large enough volume to disrupt the gold market,” said Ross Strachan, a senior commodities economist at Capital Economics Ltd. “We expect them to continue this trend as part of their long-term strategy to diversify their foreign exchange reserves.” Central banks continued to load up on gold this year, helping push total bullion demand to a three-year high in the first half, according to the World Gold Council. That trend is expected to continue, with a survey of central banks showing 54% of respondents expect holdings to climb in the next 12 months. “Bear in mind that China is the largest mine producer of gold in the world,” Klapwijk added. “The state can always buy local mine production using” local currency, he said. — With assistance by Qi Ding

To: Rarebird who wrote (149879)	8/7/2019 11:01:20 PM
From: carranza2	3 Recommendations Recommended By dvdw© marcher Pogeu Mahone Read Replies (2) \| Respond to of 217735

Pride has a way of killing you since it narrows your vision and closes your perspective. I don't think Mr. Trump understands. But Gold understands and it's dragging the Miners up with it. Gold understands what Trump doesn’t? Or understands that Trump’s pride is a disaster in the making? Ok. I’m very sorry but I disagree with the notion that anyone can compare gold’s ‘understanding’ with Trump’s pride. First, it is the height of folly to suggest that anyone understands what Trump understands. Or that his pride can predict the POG. Or that it drives his actions. Even Trump himself may have no idea. And this is not unusual because very few of us know what we really know. I have no idea what I understand because I equate understanding with knowledge, and at the end of the day i know very little and understand less. We simply make decisions that are essentially opinions, guesses. They reflect our bias, our nose for making correct guesses, our experience and expertise, etc. The better that our opinions reflect the future, the better we feel our understanding might be. But because life is so random, understanding (including gold's) is always imperfect. What gold understands is its price, and price is simply the end of the day balance of millions of opinions concerning its value. There is absolutely nothing mystical about it. Sure, it does well in troubled and inflationary times, but that's about it. Gold assuredly is not an index for Trump’s pride, nor its consequences. Perhaps to some degree, but definitely not entirely. Overbought stock markets, interest rates, cyclical issues, etc., etc., ad infinitum, have lots more to do with the POG than Trump’s pride. So, no, gold understands nothing. Its price is simply a consensus reached via millions of transactions concerning its value, with each transaction reflecting distinct opinions, some linked to Trump but many not. To say that the price of gold accurately predicts the future is folly. And I should know- until recently, I've been dead wrong concerning its merits.

To: Rarebird who wrote (149879)	8/7/2019 11:39:44 PM
From: TobagoJack	1 Recommendation Recommended By bull_dozer Respond to of 217735

From my e-mail pile, On 8 Aug 2019, at 10:40 AM, H wrote: The thing to keep in mind in this context is: this is what always happens. Before gold bottoms out, the gold shares routinely underperform gravely, and once a rally begins it takes some time before they make up lost ground. A good example for this is the 1999-2000 period. When gold made its low at $255 in the summer of 1999, the HUI concurrently made a low at 65 points. Then gold soared briefly to around $330 on the Washington agreement news and the HUI went to a high of 100 points (late September 1999). Then gold declined again, initially bottoming at around $265 in late 2000. At the point the HUI had declined to a mere 35 points - much lower than its lowest level in 1999. It took a while for the gold stocks to "catch up" with the nominal gold price thereafter - but they eventually did, by consistently outperforming gold from the low in November 2000 to the interim high a few years later.