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In March Little stated

 

 

We recently invested USD 300,000 for clients in a trusty Global Mining Fund but this tiny investment is nearly 5% of the fund, an uncomfortably large share. We know of 3 other gold funds collectively having total assets of well under USD 10mn. An orphaned sector indeed.

 

http://www.global-thematic.com/eflyers/diary_cover.htm

 

From slide 35 of the presentation it seems likely that was Blackrock Gold and General Fund.

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Does Friday's action mark a short term top?

 

First we got weak GDP numbers on Wednesday, and then well below expectation for payrolls on Friday, and Gold could not manage to push any higher.

DXY looks ready to begin clawing back some more of is recent losses.

 

While my long term outlook has not changed, it wouldn't not surprise me to see a pullback over the next few weeks.

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Hi,

 

Could you guys tell me the best way to purchase Gold in the UK? I'm thinking of regularly buying it in grammes. Is this a cost effectivve way of buying it? Thanks.

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Long Term Gold price - is still in an uptrend

 

GLD ... all-data

 

GLD-all_zpsttk4d9lb.gif

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One of the things that surprises me a little is that platinum is not only cheaper than gold, but much cheaper. Any thoughts on why that is happening?

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Platinum is just a sexy industrial metal rarer than gold. That's all. Industry is fu@@ed and no central banks keep it. Platinum may as well be history.

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GOLD and the 4-6 months Cycle

 

Updated - to 7/7/2016 : GLD: $ 129.74 (last low: $115 at end-May) / HK2840: $ 1,113

GLD2840-2013_zpse4dgo9nj.gif

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Doesn't look good at $1316. Have scaled out of some positions to lock in the small amounts of profits. Will be entirely out of the trading positions if it is $1280 or less.

 

Gold will have to clear the next major round number of $1400 to get me interested.

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GLD / Gold etf ... 3yrs

GLD-3yrs_zpsc45ehoem.gif

 

Headed for Support at GLD-$125, x about 10.55 = $1320 ?

 

By Friday, or next week?

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Gold is still in an uptrend, headed into an important Low soon

 

GLD ... All : / DXY: 3-yrs :

GLD-all_zpsrs5zwrdd.gif

 

Key support for Gold near $1250 (1255?) is very near

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Gold is still in an uptrend, headed into an important Low soon

 

GLD ... All : / DXY: 3-yrs :

GLD-all_zpsrs5zwrdd.gif

 

Key support for Gold near $1250 (1255?) is very near

Surely Gold and all p.m's have found a base now and will climb as U.S election looms large.

 

Big pop up on Trump win?

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"Big pop up on Trump win?"

 

Seems very possible

Jim Rickards, for one, would agree

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"Big pop up on Trump win?"

 

Seems very possible

Jim Rickards, for one, would agree

Well I think we both got that wrong.

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any thoughts on where gold goes from here? are we at or close to the lows or is this a step down on the way to sub $1000 ? Personally I had thought the former but I've been thinking about it a lot over the last day or two and now I'm not so sure.

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Gold

I have been thinking same thing but I reckon it could just bounce around until markets have a clearer understanding of where Trump and his masters are going to take it. If he sticks to his word and reverses the policy of destabilising the Middle East and regime change and instead rebuilds and moderrnises the infrastructure then I's day that was more positive for stocks and less so for gold.

Who knows what the Cabal may have planned to upset the apple cart, the Military Industrial Complex will be not too happy about cutting their trillion dollar budgets so he's very much at risk.

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Gold dropped over 2% and has broken key support at $1200 / GLD-$115 (50% retracement)

 

t24_au_en_usoz_6.gif : idx24_usd_en_2.gif

 

The Jump in the USD by almost 1% to a new high must be part of this.

 

Next support is near GLD-$112 = 1175/1180 (61.8% retracement)
maundgold2_11-20.jpg

 

As above, Gold Miners sentiment is one-sided and Bearish now

 

maundgoldcover_11-20.jpg

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I attended the mines and money show this week. The highlight of the show was a presentation from Grant Williams who writes Things that make you hmmmm and is an adviser to Vulpes investment management in Singapore. It was literally one of the best presentations I have heard. The gist of it was that whilst everyone is assuming things will be good under Trump, don't jump to conclusions. He sees a scenario where the Trump infrastructure spending, inflation and rising debt pushes yields on US Treasuries up. China is lowering their exposure to Treasuries and we are likely to see an abundant supply over the next ten years. Rising yields will led to a huge issue with US debt payments. China is also likely to start trading oil is yuan, which is a game changer. All this leads to downward pressure on the dollar and is very bullish for gold long term.

 

Will post link to slides if I receive anything, as well worth a listen.

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IF BRAVE enough, Buy some Calls on Gold shares

 

Gold could break down here, or it might be a terrific buying opportunity.

It might be worth a gamble

 

GDX / Gold Mining etf ... Two years / 10-d

 

GDX-2yrs_zpsusl6bbab.gif

 

It could be breaking down - but maybe this is just the last gasp of Selling... after the Rate rise.

 

A Call option allows you to play this opportunity, with limited risk

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TLT/Bonds Rose (+0.51%) on a day when Gold Fell (-1.37%)... and GDX fell more (-4.52%)

 

This is unusually. Typically, the move together, helped or hurt by rate changes

 

---: --SPY- : Chg : volume/ VIX : GDX: +-chg: -GLD- : Chg: volume: x10.?? WTI.Cr: -DXY- -Chg : --TLT- : Chg : Posts/Views cum'l:
12: 226.25 - 0.26: 79.6M: 12.64 : 20.75 +0.08: 110.82 +0.42 6.01M: 1165.8 : $52.83* 101.00 - 0.57 : 117.72 +0.22 / 00. 32 : 000, 1040
13: 227.65 +1.51: 99.1M: 12.72 : 21.04 +0.29: 110.45 - 0.37 7.57M: 1159.0 : $52.98* 100.85 - 0.15 : 118.14 +0.42 / 01, 33 : 100, 1140
14: 225.88 - 1.88: 132.M: 13.19 : 19.89 - 1.15: 108.83 - 1.62 12.7M: 1163.4 : $51.04* 102.29 +1.44 : 116.82 -1.32 / 03, 35 : 110, 1250
15: 226.81 +0.93: 110.M: 12.79 : 18.99 - 0.90: 107.34 - 1.49 13.7M: 1129.8 : $50.90* 103.04 +0.75 : 117.41 +0.59 / 11, 46 : 250, 1500
CHANGE : 12/14>12/15-----------------> -4.52%: -------> -1.37% : -----------------------------------> +0.73% -----> +0.51%

 

Update:

I DID buy calls on GLD (Jan.2018!) and calls on NUGT (Feb.2017)... as I had suggested

 

TLT-versus-GLD ... 6-mos : 10-d

TLT-vsGLD_zpsnhe0tstp.gif

10d

TLT-vsGLD-10d_zps1ia5zefc.gif

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