1. All on hold waiting for a tax plan announcement
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  3. Week of 4/22/2017 Closing prices & Chg Over Last Wk---- Gold $1289.10-- UP 0.60 Silver $17.85-- down 66 Oil $49.62-- down 3.80 USD $99.88 -- down 58

Another bullion prediction that probably not worth the time I took to post it

Discussion in 'PM Trading/Stocks/Technical Analysis' started by luckabuck, Jul 22, 2016.



  1. luckabuck

    luckabuck Gold Member Gold Chaser

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    Morningstar- In the short term, "it is difficult to say where gold will be trading next," said Edward Meir, independent commodity consultant at INTL FCStone, in a note. "The ECB announcement was inconclusive in that although the central bank deferred from initiating any additional easing, it did leave the door open for future moves...so the next effect on gold is arguably a wash."

    Despite the interest-rate tug, global demand looks to underpin gold prices, offsetting dollar- and stock-linked volatility in the near term, said analysts at Commerzbank

    Data from the Swiss Federal Customs Administration show that Switzerland exported more gold to Asia again in June. Exports to Hong Kong in particular grew sharply, soaring by nearly 50% month-on-month to 35.8 tons. Exports to China remained virtually unchanged at the previous month's level, while exports to India picked up somewhat. Last month, Switzerland's combined exports to Hong Kong, China and India totaled 75 tons. This was the highest volume since January and points to reviving gold demand in Asia.

    "Figures showing gold trading between Hong Kong and the Chinese mainland could therefore prove surprisingly positive when they are published next week," the Commerzbank analysts said in a note.

    What's more, according to data from the customs authorities, China imported 248 tons of silver in June, which is a good 10% more than last June. First half year imports were a good 6% up year-over-year at 1,453 tons.
     
  2. glockngold

    glockngold Gold Member Gold Chaser

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    Yep, file this with the rest of them.
     
    the_shootist, gringott and luckabuck like this.
  3. OverOver

    OverOver Silver Member Silver Miner Site Supporter

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    Bo Polny says.............................

    edit: Found this today July 25, 2016 After awhile they all seem to blend together.

     
    Last edited: Jul 25, 2016
  4. Malus

    Malus Gold Chaser Platinum Bling

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    In a world gone mad....
    So, why did you post it?
     

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