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Forum Post: gold jinyu Oct. 7th gold price trend analysis

Posted 5 years ago on Oct. 7, 2014, 2:19 a.m. EST by goldhj (7)
This content is user submitted and not an official statement

International gold price raised from a bottom line yesterday, made a sharp rebound from 1190 to 1200. At the end of U.S. trading time climbed to about 1206, continuous fall gathered support for gold’s rebound. In today’s Asian trading, gold raised slightly and based around 1204. U.S. September conference board employment trends index is better than expected, yet fed's employment market index doesn’t reach monthly average, added by the correction of USDX, gold recovered its loss and climbed to 1200. The job market, on the other hand, is still pressuring gold. Currently gold daily chart based around 1200, pressure comes from 1209, support from 1195.

13 Comments

13 Comments


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[-] 2 points by trashyharry (3084) from Waterville, NY 5 years ago

10/8/14-oil WTI 87.59 -1.26 Brent 91.65 -.46 GLD 1,216.20 -3.80 SIL 17.32 + 0.8 COP 301.10 -2.80 ALUM(LME) 1990.43 -1.97 Nylon 66 120.00 -13.45 corn 343.20 +2.6 soy 935.0 -5.6 wheat 506.6 +1.4 hogs 95.200 +.850 cattle 198.00 +0.375

[-] -2 points by DKAtoday (33802) from Coon Rapids, MN 5 years ago

What's all the hoo-haw about?

[-] 2 points by trashyharry (3084) from Waterville, NY 5 years ago

We are baffled and worried by the slide in commodities prices.FYI-A sure way to predict major war activities on the part of the Pentagon is price spikes in nylon,aluminum and copper.The above price for nylon 66 is for pellets-not fiber or textile.The prices on these bellwether commodities have all been in a prolonged slump.The continual slide in oil and gold must be a product of manipulation that aims to sock it to the Russian economy and Russian banks.Otherwise it doesn't compute because demand is up for commodities,but prices AND futures are crazy long.I am very worried about weird things on the stock markets,too.The bond markets are zombified as in Japan.although there was a bit of a revival recently.The 10 year auction was a dismal failure-tanking.

[-] -2 points by DKAtoday (33802) from Coon Rapids, MN 5 years ago

Thanks - as none of these gold "posts" have had a stated reason for being presented.

The markets as traded are totally F'ed-up - total manipulation ( always ).

That it should be used as another weapon of war? It has been for quite a long time.

What will TPTB do when the market achieves it's final crash and burn and is therefore useless as a weapon to wield against others?

[-] 1 points by trashyharry (3084) from Waterville, NY 5 years ago

The gold person,whoever it is is trying to communicate that when demand is sky-high and prices slouch and slump,Capitalism is being interfered with by Somebody-and while we don't know who it is,alien beings from another Galaxy and God are ruled out.

[-] -2 points by DKAtoday (33802) from Coon Rapids, MN 5 years ago

beings from another Galaxy and God are ruled out.

I find that to be highly prejudicial - and not likely to make for a popular TV show.

[-] 2 points by trashyharry (3084) from Waterville, NY 5 years ago

Bad news-Alcoa has had a record earnings report this quarter at 209 million usd.up about 9%.Alcoa has announced contracts of at least 1 billion EACH with Boeing and Pratt&Whitney.That's a huge number of jet engines and aircraft components.I wonder what customer might could possibly be needing so many jet engines(shiver)

[-] -1 points by DKAtoday (33802) from Coon Rapids, MN 5 years ago

Hmmmmmmmm don't some drones or at least cruise missiles use jet engines?

[-] 2 points by trashyharry (3084) from Waterville, NY 5 years ago

(gulp) They all do.Let's hope and pray a chunk of that gear was ordered by Airbus.I don't know-that must be some fucking HUGE orders combined with the business as usual from Civilian Aviation.Can't be Russia-santioned and the Chinese make their own shit 100%-TOTALLY CREEPY.

[-] -2 points by DKAtoday (33802) from Coon Rapids, MN 5 years ago

I can't imagine that at this point in time - that much peaceful use is due for the increase - just look at the expenditure of armaments ( cruise missiles at the beginning of an invasion to the ongoing drone missions ). Now an expanded air mission - plus all of the BS going down in Africa.

Just sayin.

[-] 2 points by trashyharry (3084) from Waterville, NY 5 years ago

Every once/awhile the big carriers do a major overhaul and schedule numerous planes for retirement.I was under the impression that the fleets are getting really old.I'm not sure,but I don't think the airline industry is required to replace ancient planes,and there are LOTS of 30 year old hunks of flying junk out there.Cutting corners at 29,000 feet? As Governer Palin woulld say:"You Betcha!"

[-] -3 points by DKAtoday (33802) from Coon Rapids, MN 5 years ago

True = needed maintenance = a jet engine is only good for so many hours of service. Engines easier ( less expensive ) to rebuild or replace than a whole plane..............still.............armed conflicts all over the place...... ya know?

[-] 2 points by trashyharry (3084) from Waterville, NY 5 years ago

Well-a 500 million contract is plenty huge.Boeing actually makes both aircraft and parts.Pratt&Whitney makes jet engines and parts.They must both have customers with superdeep pockets.Maybe they are going to proceed with the F-35 in spite of the fact that it is worse than useless.I bet Raytheon is the manufacturer of the Tomahawk Missile-they are good for a cool 1.59 million a pop.Supposedly the F-35 is to be paid for on the installment plan-1.3 trillion over 50 years.Sounds like a plan...