Cut Stocks, Buy Gold, Hold Your Cash, JPMorgan’s Kolanovic Says
Bank further trims equity allocation due to ‘poor risk-reward’
Rotates from energy to gold as haven, debt-ceiling hedge
#gold#goldprice
#stocks#Bitcoin#TRADINGTIPS
PPI (USA): forecasts (0.1%), consensus (0.3%)
Can it drive a big move for #gold price if hit the forecast? Is this the catalyst for #XAUUSD to reach all time high (ATH) ?
#XAUUSD#Preciousmetals#trading#gold#DXY
In a secular inflation, US banks must own some physical gold (& can, per Basel 3):
"A 0% risk weight will apply to...gold bullion held at the bank or held in another bank on an allocated basis, to the extent the gold bullion assets are backed by gold bullion liabilities."
$gold is about to break all time high. Some chartists have missed the bigger picture because they use hourly chart to forecast the new record high and the big next pullback. I won't be listening to them.
#GOLD#XAUUSD#PRECIOUSMETALS#Traders
Estimated #silver sales at APMEX have accelerated at a pace I haven't measured before. The 20-day moving average has exploded to numbers not seen since early Fall when prices were much lower. I suspect this number will reach a new high very soon. #silversqueeze
Owning $USD bonds becomes risky when the $FED hikes interest rates too fast. Imperative for companies and individuals to diversify savings $gold and $silver. Palantir has bought $50 million in $gold bars in 2021.
#GOLD#XAUUSD#preciousmetals#TECH#palantir#trading#savings
If the USDX continues under pressure and bond yields continue to drop next week, the precious metals market bulls will further benefit. The wave (3) has not ended yet (below is one of the trading ideas for $gold that I am watching)
#XAUUSD#Preciousmetals#trading#GOLD
China has sold $121.2 billion in U.S. debt between the end of February to September.
We now have “mystery buyers” stockpiling gold at record speed.
Do you really think this is a mystery?
#Gold (XAUUSD, $1,762) consolidating gains following a 10% rally in November. I believe another 10% advance coming over the coming 6 - 8 weeks with January target of $1,950 - 1,975. It is typical for gold to produce 20% advance within 2-3 months period!
Huge congratulations to our #stemsmart group for working so hard and being great guests! We hope you had a really enriching and fun time with us at Homerton!
I've just taken great satisfaction in binning #OVO energy (who now own the Scottish Hydro brand) as my energy supplier. High time these companies realised treating their staff and consumers like expendable commodities has real consequences.
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