Forum Post: gold jinyu Oct. 13th Europe-US Trading Recommendation
Posted 9 years ago on Oct. 13, 2014, 4:31 a.m. EST by goldhj
(7)
This content is user submitted and not an official statement
International gold price last trading day rebounded slightly and stabilized at about 1220, then climbed to 1225 and started correcting itself. The continuous rebound limited gold’s correction space, in today’s Asia trading time, gold rise rapidly, breached 1230 all the way up to about 1334. U.S. September export price index released a couple days ago appears weak, which indicates US dollar appreciation and oversea economy weakness effected U.S. economy badly. IMF, at the same time, keeps emphasize the slowing down of global economy growth and anticipates that Fed will postpone its raising of interest rate. These data fueled gold’s rebound. USDX, on the other hand, started correcting. Currently gold still enjoys the rebound momentum while 1230 is yet to be tested. Intraday trading doing long would be good.
10:55 pm est Gld 1234.70 +4.70 +0.38% Slv 17.50 +0.15 Cop 303.60 -0.45 -0.15% Tanks Alot: Crude Oil WTI 84.85 -0.80 -0.93% Brent 88.10 -0.79 -0.89% Tank You So Much: Djia 16321.07 -233.03 -1.35% S&P 500 1874 -31.39 -1.65% Nasdaq 4213.66 -62.58 -1.46% O Canada: Tsx14227.36 -233.24 -1.61%
no one cares about gold
Would that it were so,my Idealistic Friend.We study market fundamentals such as precious metal prices for a number of different reasons.One of those being that this is one of the ways we can gauge the activities of the MIC and keep track of what Economic Hitmen form the US Department of State are doing.Also the world's most Evil Banksters' machinations are partly revealed by studying these market indices.Chinese and Russian Banks,for example,hedge with gold,whereas Western Banks really do not.Gold markets are ceaselessly meddled with by the Banksters because they would like to undermine the economies of certain countries by damaging confidence in those countries Banks.Therefore they seek to weaken their hedges,so they can then ruin their business more easily.This is War,Neoliberal Style,and there are Lives in the Balance.
still don't care about gold
the economy needs food and services
Exactly.When the Banksters run out of subterfuges,they start wars,either directly or by attacking the ability of other countries to provide Food and Services to their people.All wars originate in the Sick Economics of the 1%.Extreme concentration of Wealth creates immense pressures which INVARIABLY lead to Genocide.I personally feel that I would not last long in a context of Genocide.
um...kind of scary, but i agree most of your opinion.
There is more to it than that-wars and rumors of wars,etc.It would be better to see stability in PM and the industrial commodities.Tracking the price of GLD reveals more now than it has done before 9/11/01.Volatility in commodities markets is an ill wind that blows No Good.All of the Hammering and Banging in London and NY for such an extended period of time is a "tell" which reveals Fundamental and probably Terminal Rot in Global Capitalism,IMO.
I pretty much appreciate your opinion and your insight, yet, we all got mouths to feed and bills to pay, sadly, although I'm agree with you, there won't much we can do about it .
We wait.It is not clear in what form change will come.Trying to speculate on the subject of exactly who what when how is rather an idle occupation-but also irresistible-for those among us who have been watching this process for Decades,anyhow.Back in the 80's estimating and handicapping odds were a favorite activity in the afternoons at Life Cafe on 10th and B.I remember arguing endlessly over-"Terror attack-Bogus or Otherwise at WTC." In those days,it was thought to be a distinct possibility "odds-off" 3000/1.LOL.