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http://www.zerohedge.com/news/2015-12-24/exclusive-gold-gone-its-all-gone-one-gold-scandal-goes-very-top

 

Exclusive: "And It's Gone... It's All Gone" - The One Gold Scandal That Goes To The Very Top

 

 

http://www.zerohedge.com/news/2015-12-26/mystery-dubais-vaporized-gold-plot-thickens

 

The Mystery Of Dubai's Vaporized Gold: The Plot Thickens

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This article may have uncovered how China has been able to secretly accumulate gold through Dubai

http://www.zerohedge.com/news/2016-01-01/trail-dubais-stolen-gold-client-breaks-silence-and-fascinating-detail-emerges

 

On The Trail Of Dubai's Stolen Gold: A Robbed Client Breaks The Silence, And A Fascinating Detail Emerges

 

Gold Holding's (aka Dubai's) hint that Russian gold no longer has to be denominated in US Dollars for transaction purposes. Instead, it can be denominated in Yuan....as can Venezuela, Brazil, Argentina and Africa gold transactions, in the process bypassing the SWIFT payment system entirely, and all official traces and records that a gold transaction ever took place!

 

Now this is simply stunning because over the past several years one of the biggest questions has been how did China smuggle thousands of tons of gold from around the world without the world, at least officially, noticing.

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Kitco Charts Show Gold Rallying In Most Currencies - Kitco News, Feb 3 2016 11:55AM

 

New York Federal Reserve President William Dudley chimed in on the greenback Wednesday, noting that continued dollar strength could have “significant consequences” on the U.S. economy.

However, gold has not only shined in U.S. dollar terms as it has managed to see strength in other currencies. Based on Kitco’s Gold-Currency Charts, gold priced in both “hard” and “other” currencies have all posted gains in the last 30 days. The Kitco charts provide gold prices in multiple currency terms, including the U.S. dollar, euro (EUR), Swiss franc, British pound sterling (GBP), Japanese yen (JPY) and Russian ruble (RUB), among other currencies.

Kitco’s data shows that gold priced in the ruble led the pack, up 15.3% since early January. Coming in second was gold priced in Mexican pesos rose 12.28% while gold in South African rand terms rose 9.48%, taking third place.

The harder currencies, albeit lower, also saw significant gains. Based on the charts, spot gold priced in U.S. dollars rose a little over 5% in the last 30 days, while gold/EUR and gold/JPY saw gains of 4.32% and 5.54%, respectively. Meanwhile, gold/GBP and in franc terms posted gains of 7.18% and 6.87%, respectively.

 

DXY ... update

DXY_zpskgr3jyym.gif

 

The US Dollar (DXY) broke key support at around 98.5 on Wednesday, and may now test crucial support at 96.5.

There is equivalent resistance in GLD at $110.

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Stocks and Gold are it critical levels - if they push through Long Term trend reversals (going back years) may be confirmed

 

FRT_zpslmnoiqlf.gif

 

If not, the direction we have seen since the beginning of 2016 may be reversed

 

With more lines... Might SPY (182.86) go back to touch GLD (119.06) ? Ratio: 1.536

 

FRT_zps2liknf44.gif

 

Ratio: SPY to GLD:

SPY-toGLD_zpsgkev6sni.png

 

The Ratio peaked at just over 2:1.

It is back down near 1.5:1. If it breaks that level, I could see it sliding to 1:1 - the "crossover" point in the 2nd chart

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Gold's 20 year chart suggests an important breakout may have occurred this week

 

Gold_zpsqs0bi0it.png

Long Term 20 Year charts for Commodities
=========
Gold....... : http://www.cstcharts...chartge.pl?gc.m
Silver..... : http://www.cstcharts...chartge.pl?si.m
Platinum. : http://www.cstcharts...chartge.pl?pl.m
Copper... : http://www.cstcharts...chartge.pl?hg.m
Crude Oil : http://www.cstcharts...chartge.pl?cl.m
Unleaded : http://www.cstcharts...chartge.pl?hu.m
NatGas... : http://www.cstcharts...chartge.pl?ng.m

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Gone ballistic today.

Well done if you've held on (sadly I have not!).

 

And the completely reversed and wiped out any gains made since Thursday, showing just what a difficult market this is to trade and how chasing a big move can leave you as the greatest fool (at least for now).

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And the completely reversed and wiped out any gains made since Thursday, showing just what a difficult market this is to trade and how chasing a big move can leave you as the greatest fool (at least for now).

 

I sold my ST gold, and am planning to reinvest a bit further into this pullback.

I sold because I want so ammunition for the pullback

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Big rally in USD today, whacking PMs back down. Can't say it wasn't due. I am not discounting the possibility of a further leg down and new lows in Gold/Silver.

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PMs and gold in particular looking very strong here. Perfect bull market consolidation behaviour after a good run up - the miners have resisted any selloff admirably, and now leading spot gold higher. Breakout above $1265 very possible this week.

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$1275.

Breaking out right now.

 

I think we are going to be playing this one quite often in the next few years:

 

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The Gold Cycle of 4-6 months suggests a Low in late March/ April ... update : See thread :

GoldCycles_zpsroyzy10g.gif

 

An unusual success :

On the last ytrading day of 2015, I bought 50x GLD March $103 calls at about $2.25
I sold the last 20 of these at about $17. That's 7.55X times what I paid for them.
This is an extraordinary gain on what were near ATM options.
I rarely expect to make more than 3-4x my investment on an Options trade.

But someone said to me earlier, let me know when you have another good trade. And I did signal it here, as I was doing it. So I ask people to remember this trade, the next time you want to criticize or laugh, because I have lost the premium I invested in an options trade. That happens fairly often - but the big profits like this one can more than redeem the losing trades.

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Gold definitely in a correction now.

That it wasn't able to make a new high when yesterday's Brussels attack happened was clear sign of an intermediate top was behind us.

 

I would now look for support around ~1190 high of last Oct, which is also where the 50dma is currently.

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Gold down big as we head into late March / April : - $26 today !

 

t24_au_en_usoz_6.gif

 

Must be the season of the Dip!

Donovan - Season Of The Witch (1966)

 

Right on schedule!

 

I will put a buy order in somewhere below $1200

 

In edit: I bought again in late May, with GLD near $115

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Following Deutsche Bank's admission that it manipulated silver prices earlier today,

http://www.zerohedge.com/news/2016-04-14/case-closed-deutsche-bank-confirms-silver-market-manipulation-legal-settlement-agree

 

it has also admitted that it manipulated gold prices.

http://www.zerohedge.com/news/2016-04-14/first-silver-now-gold-deutsche-bank-admits-it-also-rigged-gold-prices-legal-settleme

 

The mining companies now need to launch a class action to punish the criminal bankers. Maybe a group of traders who lost money could also launch a class action.

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I don't know if anyone else follows Christopher Aaron of iGold advisor.

He uses pure technical analysis. I really like how he presents his forecasts and ideas.

 

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Nope.

Have a link?

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