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montmorency
(Abingdon, United Kingdom)
74 Posts by Anonymous "montmorency":
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montmorency
Abingdon, UK
Posts: 610
14 years ago
Jun 21, 2010 13:45
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
Moneyweek's take on gold: they see a correction due, but are still essentially bullish:
http://www.moneyweek.com/investments/precious-metals-and-gems/money-morning-gold-price-correction-02501.aspx
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jun 20, 2010 23:36
In Thread: Will the Euro Break Apart?
@Mentawai: You are probably right; I don't study France all that closely.
However, I was surprised to see in a recent report (probably quoted in ZH) how much gold reserves they had. Of the same order as Germany, and (of course) much more than the UK.
I suppose that must mean something.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jun 20, 2010 14:35
In Thread: EUR
Agree that the PBOC news is massive.
Fireworks in the coming week?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jun 20, 2010 1:08
In Thread: EUR
The link for that report: http://www.zerohedge.com/article/cot-weekly-data-discloses-biggest-euro-short-covering-episode-history
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jun 18, 2010 17:58
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
According to www.ft.com:-

"The trigger for the latest move higher appeared to be an unexpected increase in new jobless claims in the US reported on Thursday. The worlds largest gold exchange-traded fund, the SPDR Gold Trust, on Thursday added 1.8 tonnes to its gold holdings to hit a record high of 1,308 tonnes.

Edel Tully, precious metals strategist at UBS in London, said it would be hard for gold to sustain prices above $1,250.

Current gold support is quite narrow, with physical safe haven buying lagging well behind that of May, she said, adding: A positive for gold right now is that scrap supply is scant, but we think this will increase at current prices, becoming more apparent next week as it feeds into the system."


Needless to say, the goldbugs on ZH have another view.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jun 18, 2010 17:55
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
So, you guys don't think this presages a new breakthrough in gold?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jun 18, 2010 13:39
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
So, who is currently short gold at the moment, and who is long?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jun 18, 2010 3:28
In Thread: EUR
Patience.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jun 15, 2010 17:41
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
Good point, but if Germany get knocked out early (unlikely I know), I predict productivity will go down over there. (Mind you, that will also happen the day after the night after they win :-) ).
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jun 15, 2010 17:39
In Thread: EUR
There's an old joke about a Frenchman visiting NYC for the first time. He is taken to see the Empire State Building. "It's great; it makes me think about sex". He goes to the Statue of Liberty. "I love it; makes me think about sex". They take him to Times Square. "Fantastique - makes me think about sex". They ask him: "Why does it make you think about sex?". "Mais oui, because everything makes me think about sex".

Some people are like that about buying gold.

:-)
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