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

To: carranza2 who wrote (160637)	7/27/2020 10:38:38 PM
From: TobagoJack	Respond to of 217662

did SLV in some quantity but by shorting puts, strike 22.50, expirations August 21 & October 16 continued to day-trade TSLA when profitable, and hold overnight when not, and close positions the profitable

To: carranza2 who wrote (160637)	7/28/2020 5:32:16 AM
From: TobagoJack	Respond to of 217662

Let us see what DRD does in USA, as DRD underperforms rest of S African (i.e. HAR.JO) gold shares to the downside, presumably because it is more worthy We might still get chance to get more DRD cheaper. Let’s see. finance.yahoo.com bloomberg.com South African Stocks Drop as Gold Frenzy Pauses, Richemont Slips Adelaide Changole July 28, 2020, 1:04 AM PDT A twenty kilogram gold brick. Photographer: David Gray/Bloomberg Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter South Africa’s main stock index erases gains of as 0.3%, to decline 0.6% by 9:54 a.m. in Johannesburg, with gold shares retreating the most in more than a month as the rally in bullion cools. Luxury retailer and market heavyweight Richemont weighs on the benchmark index after earnings from French peer LVMH disappoint analysts. Gold index slides as much as 5.5%, most June 15 Globally, investors are betting setbacks in the fight against the coronavirus will lead Fed Chairman Jerome Powell to signal Wednesday that rates will stay near zero for longer. Health officials are tackling rising cases in countries ranging from China to Spain and Germany, underscoring the difficulty of curbing the pandemic. NOTE: Futures, Stocks Pare Gains; Gold Rally Cools: Markets Wrap South Africa secured a $4.3 billion in emergency loan from the International Monetary Fund, the largest emergency disbursement for any country yet. The funds will go toward supporting government efforts addressing the challenging health situation and severe economic impact of the Covid-19 shock, the Washington-based lender said Monday. Read more about the IMF loan here Luxury retailer Richemont, falls for the third day, down 1.3%, providing biggest drag on the index, after French peer LVMH missed analysts’ profit esimates NOTE: LVMH Profit Hit by Store Closures, Travel Restrictions The index of bank stocks falls 1.1% as rand weakens FirstRand Ltd. -1%, Standard Bank Ltd. -0.7%, Capitec Bank Holdings Ltd. -0.3%, Absa Group Ltd. -1.3%, Investec Plc -1.4% Cooling bullion prices drag gold producers lower, pulling the gauge of mining firms down 0.4%.Sub-Index for gold producers halts a four-day rally, as bullion frenzy pauses, with investors looking to lock in profits Gold Fields Ltd. -3.5%, AngloGold Ashanti Ltd. -2.2%, Harmony Gold Mining Co. -4.2%, DRDGold Ltd. -1.6% Iron-ore producers gain after a recovery in the steelmaking raw material Anglo American Plc +0.6%, BHP Group Plc +0.3%, African Rainbow Minerals Ltd. +0.2% NOTE: Iron Ore Rebounds as China Economy, Rio Earnings Eyed Kumba Iron Ore Ltd. +0.6% as company say the rally in iron ore prices countered the impact from the coronavirus, which disrupted mining production and curbed earnings. NOTE: Top African Iron Ore Miner Helped by Price Surge as Output Drops Index heavyweight Naspers Ltd., with a 19% weighting, rises for the second day, up 1% to provide biggest boost to the market, as partly owned Tencent Holdings Ltd. advances in Hong Kong. Naspers subsidiary, Prosus NV, which holds the company’s 31% stake in Tencent, gains 0.7% as company sells two benchmark euro bonds, following a $1b U.S. deal on Monday. NOTE: Tencent Investor Prosus Offers Debut Euro Bonds Amid M&A Hunt Foreigners were net sellers of South African stocks for a fourth day Monday, disposing of 1.29b rand worth of shares, according to index operator JSE Ltd. Before it's here, it's on the Bloomberg Terminal. LEARN MORE Sent from my iPad

To: carranza2 who wrote (160637)

7/28/2020 5:42:27 AM

From: TobagoJack

Respond to of 217662

MSM telling us silver ‘volatility’ is a negative, by subliminal suggestion

I think it brilliant that some might sell Au / Ag cheaper so that the next leg-up can get underway

bloomberg.com

Gold Loses Momentum After Record as Volatility Roils Silver

Ranjeetha Pakiam
July 27, 2020, 3:43 PM PDT
Gold’s record-breaking rally showed signs of flagging after futures touched $2,000 an ounce for the first time, as investors assess whether prices rose too high, too fast. Silver fell the most since March.

Both metals retreated after touching fresh highs earlier Tuesday, with gold climbing to a record, as traders looked to lock in profits and the dollar recouped some of its earlier losses. While there’s no end in sight to the economic turmoil unleashed by the coronavirus pandemic and expectations are that more stimulus will be needed to boost growth, investors may seek out more bullish signals before pushing prices higher.

‘That correction was overdue after the massive increase, which culminated overnight,” said Carsten Fritsch, an analyst at Commerzbank AG.

Spot gold fell 0.9% to $1,924.65 an ounce by 9:48 a.m. in London after touching the record $1,981.27 earlier Tuesday. Its 14-day relative strength index has been above 70 for six days, a signal to some traders that it’s overbought and due for a pullback.

“You see the strength wasn’t there,” said Brian Lan, managing director of Singapore-based dealer GoldSilver Central Pte., noting that spot gold’s gains petered out once it reached $1,981 an ounce. “They were trying to try a few more times and a correction is due. So probably you might see some profit-taking already.”

Spot silver fell as much as 9.2%, the most since March, after climbing more than 6% to the highest since 2013. The Bloomberg Dollar Spot Index was little changed, though still near the lowest in almost two years.

While prices wavered on Tuesday, most market watchers are predicting more gains ahead for both gold and silver. There’s a long line of bullish factors buoying markets: the dollar remains weak, geopolitical tensions are rising, real rates have tumbled, and governments and central banks worldwide have unleashed vast stimulus measures to try and boost economies.

“Debasement of the U.S. dollar, the more negative real rates, and you’ve still got lingering uncertainties around geopolitics and the U.S.-China relationship,” said Wayne Gordon, executive director for commodities and foreign exchange at UBS Group AG’s wealth-management unit. “That combination of things is what’s pushing gold harder.”

Fed MeetsThis week’s Federal Reserve meeting on July 28-29 may provide more direction for traders. There are some expectations that setbacks in the global fight against the pandemic will push Chairman Jerome Powell to signal that rates will stay near zero for longer.

“The message from the Fed meeting is expected to be dovish, reiterating the need for more fiscal measures, which is likely to be supportive of gold,” said Nicholas Frappell, global general manager at Sydney-based ABC Bullion. “With real interest rates deep in negative territory and the coronavirus resurgence hitting the dollar index hard, that’s good for gold.”

Unrelenting investor demand has helped fuel gains for the precious metals, with inflows into gold-backed exchange traded funds this year already topping the record set in 2009 and silver holdings near an all-time high.

Read more on gold:

U.S. Mint Has Reduced Silver, Gold Coin Supplies to Purchasers Gold’s ‘Stunning’ Surge Zaps Shorts With Fed Full-Throttle Gold May Be at Record, But Silver Is Outshining It: Chart

For silver, there’s an added boost from concerns about supply, with the Silver Institute earlier this month forecasting a 7% decline in mine production in 2020. Signs of nascent economic recovery in some countries may also aid demand for the metal used in solar panels and electronics.

Silver tends to perform very strongly when the desire for wealth protection, or fears of inflation-induced wealth destruction, are high and when global economic activity is improving, according to Citigroup Inc. Both these factors are expected to boost prices over the next six to 12 months, driving prices up to $30 by mid-2021 if the bullish momentum continues, said analysts including Aakash Doshi.

“Those people who probably missed out on the gold rally jumped on the silver idea as a similar idea to hedging against the depreciation of the dollar and real interest rates going deeper into negative territory,” said UBS’s Gordon. “Silver has a volatility relative to gold of about double gold’s volatility, so from a hedging, safe-haven perspective, we still prefer gold.”

— With assistance by Elena Mazneva

Before it's here, it's on the Bloomberg Terminal.
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To: carranza2 who wrote (160637)	7/28/2020 5:46:32 AM
From: TobagoJack	1 Recommendation Recommended By zamboz Respond to of 217662

Folks who did not call gold bull until it was in-the-face underway now call for tops, presumably because they see everything returning to pre-new-normal, all shall be well, employment good, budgets balanced, debt collaeral-good, fiat currencies worthy bloomberg.com As Gold Smashes Records, Forecasters Ask Whether Peak Is Near Elena Mazneva Photographer: David Gray/Bloomberg Gold has just smashed a record, and every major bank agrees that it’ll cross $2,000 an ounce. What happens next is where forecasts diverge. JPMorgan Chase & Co. says the rally that has already seen prices rise 28% in 2020 could start to lose steam later this year. Citigroup Inc. and Bank of America Corp aren’t ready to call it quits just yet, with the former expecting higher prices for longer and the latter seeing the metal soaring to as high as $3,000 an ounce. Gold has emerged as the safe haven of choice among investors as the pandemic upends economies worldwide. The spot metal touched $1,981.27 on Tuesday, about $60 above the previous peak set in 2011, boosted by a drop in real rates, the recent weakness in the dollar, massive government stimulus and flaring U.S.-China tensions. Gold is serving as an attractive hedge as yields on Treasuries that strip out the effects of inflation fall below zero. Gold “will likely see one last hurrah before prices turn lower into year-end,” JPMorgan analysts said in a report Monday. The bank said it has now turned neutral on gold and added that the current price might be close to a peak. BofA couldn’t hold a more different view, sticking to its April forecast for $3,000-an-ounce gold over the next 18 months. Citigroup said the current gold cycle is “unique” and prices can “stay in a higher range for longer.” Signs of gold’s record-breaking ascent began to show in mid-2019, when the Federal Reserve signaled a readiness to cut U.S. interest rates as uncertainty -- primarily about the impact of the U.S.’s trade battles -- clouded its outlook. The rally gathered pace in early 2020 as geopolitical tensions increased and the coronavirus outbreak hurt growth worldwide, with gold heading for its biggest annual gain in a decade. All the moves have generated the same fears that had taken gold to its previous record in September 2011 -- that the dollar will deteriorate and inflation will spark. But this time around, stimulus measures were quicker and more massive, UBS Group AG said, and it’s still unclear how big the impact on global unemployment and activity could be from the health crisis. There’s still a little bit further to go for gold. Prices should breach $2,000 soon, Citigroup analysts including Aakash Doshi said in a note, raising the bank’s short-term target for the metal to $2,100. “Prices seem biased to stay higher for longer, with 2019-2020 emerging into a unique bull regime for the yellow metal,” the bank said, adding that prices could even reach $2,300 in six to 12 months under a bullish scenario. For UBS, gold around $2,000 may be the “new normal” with the current set of drivers, and prices could even climb to $2,300 in its “risk” scenario, said Wayne Gordon, executive director for commodities and foreign exchange at UBS’s wealth management unit. But the rally could fade by the middle of next year, with prices coming under pressure as central banks can’t keep the same pace of easing, he said. Investors will start looking at alternatives as economies recover. There is some support too for higher prices coming from the futures market, with some Comex contracts already topping $2,000 an ounce. Still, JPMorgan said a scenario in which U.S. real yields go much deeper into negative territory looks unlikely, while inflation will probably remain significantly below the Fed’s 2% target with the U.S. labor market remaining in significant slack well into 2021. That would help cool the gold rally. “Things that we’ve learned from 2020 is to expect the unexpected,” said Kristina Hooper, chief global market strategist at Invesco Ltd. “All in all, I expect gold to move higher but remain in something of a range for a while, and it will take some other catalyst, like a spike in infections, rates in the U.S. or some sort of greater level of geopolitical risk to move it higher.” Before it's here, it's on the Bloomberg Terminal. LEARN MORE Sent from my iPad

To: carranza2 who wrote (160637)	7/29/2020 9:49:11 PM
From: TobagoJack	2 Recommendations Recommended By carranza2 marcher Respond to of 217662

From Armstrong ask-socrates.com Blog Gold Making New High Gold broke through the Breakout Line for the third time intraday but for the second time closing above it Our primary targets were 1926 and 1976 and the upward channel resistance stands at 1982.10 by Wednesday the 29th. If gold can exceed today's highs tomorrow, then there is a shot of the high forming this week on the 29th. Then we need to see gold close above 1926 on Friday. The failure to do this will see a retest of support into September. The fundamental spin has been mainly concerning the rising political tensions between the US and China on top of worries over the continuing coronavirus pandemic. However, while that seems to be the primary fundamental explanation spouted out on the market, quietly the real concerns are that e-RMB which China will begin a trial for payments in its new digital currency in four major cities from next week. In recent months, China's central bank has stepped up its development of the e-RMB, which is set to be the first digital currency operated by a major economy. The real concern is that China is seeking to circumvent US sanctions which Congress fails to understand that such policies undermine the dollar and the world monetary system. However, by moving to a direct e-RMB, they are also circumventing the SWIFT clearing system. This undermines the entire Western monetary system and takes power away from the IMF as well. It was Christine Legard who threatened the offshore tax havens that they had to turn over everyone or they would be blocked from the SWIFT clearing system. China's e-RMB circumvents the SWIFT system for there is no way to clear digital currencies and thus this prevents other nations from trying to use a currency for sanctions or to block them from SWIFT to extort information for taxation purposes. This is the real implication of adopting a national digital currency that will eliminate private cryptocurrencies. While the EU has been exploring the abandonment of paper money solely for tax purposes, China is the first major economy to move in this direction but it will strengthen its long-term economic goals by circumventing the SWIFT system. According to our sources, they studied BitCoin closely and saw how it was used to get money out of China without using the banking system and hence outside of SWIFT. This is on time without July target, but it is also opening a door to a whole new monetary system which will become extremely critical as we head into the Monetary Crisis Cycle 2021-2022. We should expect other nations to begin to explore bringing their digital currencies online ASAP. Some see this as the final death of the US dollar as the reserve currency. We see this as the ultimate end, but that may not arrive until 2022-2024. Keep in mind that US politicians are stupid! They do not understand that imposing sanctions on other countries undermines the dollar. They may think they can wield power as the old days, but those days are fading rapidly. Moving to digital currencies changes the entire world monetary system in ways they do not understand. Ideally, we still see a temporary high this week with a target range of 1976-1986, just shy of the 2000 level. Exceeding 1986, implies the next resistance stands at 2003-2005.