@chloe-actually, I reshorted gold before going to sleep last night with a limit order to close at 1111. When I awoke I saw Gold at 1115. Thn to my chuckles I saw my orde rhad been filled. So now I am back shorting gold with an average of 1122.
The gift that keeps giving. I faxed Stevens c/o RBA and thanked them for bidding gold back to 1120 plus in order to support their AUD.
The gift that keeps giving, as Ashraf says.
Did you see the absolutely horrible Aussie housing finance numbers? Yet the momo players and yield whores insist on adding more and more.
@chloe-I just picked up some more USDCAD at 1.0257 for a rebound after eight straight days of declines. I may get out sometime Thursday before the CAD Jobs report on Friday.
The RBA once again drained their reserves heading into the close of the day in a desperate push to get AUD to close at the high print of the day against any and all challengers, er, currencies. Not a bad effort on gold eith by the RBA, goosing it 3-1/2 dollars the final 1/2 hour when no one else was present in the market.
At least the PPT operates in markets when other contra-players are present. Not the RBA though.
@eelman-yeah, I referenced it on the other thread here.
"Cheapest" it's been in years? ROTFLMFAO. The RBA-paid HOMER analysts have no shame.
How can it be the cheapest, when Aussie has already appreciated 50% in 1-1/2 years. It wasn't "cheaper" vs USD back then?
BTW, see what I mean about Gold and the last half hour? Third straight day the RBA bought gold into the close to goose it. Just hit 1122. As I said, the RBA is buying the Gold even the Chine say is too expensive and know they can buy later at a cheaper cost.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(10 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(10 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(10 months ago)
Gold with a $17 straight up since hitting 1109 in early New York trade.
If the nChinese aren't buying as even the deem gold too expensive at 1122, then who is?
The gift that keeps giving. I faxed Stevens c/o RBA and thanked them for bidding gold back to 1120 plus in order to support their AUD.
The gift that keeps giving, as Ashraf says.
Did you see the absolutely horrible Aussie housing finance numbers? Yet the momo players and yield whores insist on adding more and more.
At least the PPT operates in markets when other contra-players are present. Not the RBA though.
"Cheapest" it's been in years? ROTFLMFAO. The RBA-paid HOMER analysts have no shame.
How can it be the cheapest, when Aussie has already appreciated 50% in 1-1/2 years. It wasn't "cheaper" vs USD back then?
BTW, see what I mean about Gold and the last half hour? Third straight day the RBA bought gold into the close to goose it. Just hit 1122. As I said, the RBA is buying the Gold even the Chine say is too expensive and know they can buy later at a cheaper cost.