gold has very limited upside potential beyond despite what gold obsession hoarding bugs say. it will also make a poor long term investment at these levels.
please refer to long term gold price charts. it is a terrible hedge against inflation. its a better hedge against monetary collapse, and a falling dollar. a falling dollar though would not necessary cause general inflation apart from obvious oil inflation.
whilst low oil prices are good for economic recovery, it will trigger immediate risk aversion trades and a higher dollar which will likely feed through to global recovery in markets later as we got in march.
If equities keep closing lower, the Yen is likely to be the initial beneficiary of strength followed by the dollar. The yen is looking rather expensive and it will come to a point where traders will not be prepared to go long Yen as upside would look less probable.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(1 year 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(1 year 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(1 year 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 (1 year ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (1 year ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (1 year 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(1 year ago)
we need to see china drift lower to see money come back to us dollar cash for its strength to highten, brics general sell off is not sufficient.
looking at your futures graphs there seems to be good insight as for coming trends based on net positions.
thanks
thanks for your interesting chart.
have you got the latest for cable as i would like to see the position as of last week if possible.
thanks