Forum

 
  Back to OzPolitic.com   Welcome, Guest. Please Login or Register
  Forum Home Album HelpSearch Recent Rules LoginRegister  
 

Pages: 1 2 3 4 5 
Send Topic Print
Gold industry hits 5-year low $US1,056.20 (Read 3267 times)
it_is_the_light
Gold Member
*****
Offline


Christ Light

Posts: 40901
The Pyramid of LIGHT
Gender: male
Re: Gold industry hits 5-year low $US1,056.20
Reply #30 - Nov 29th, 2015 at 4:02pm
 
http://money.cnn.com/2013/07/08/investing/stock-market-citadel/

The computers that run the stock market


...

Citadel Securities has quietly become one of the largest forces in U.S. stock trading.
Back to top
 

ॐ May Much LOVE and CHRISTS LIGHT be upon and within us all.... namasté ▲ - : )  ╰დ╮ॐ╭დ╯
it_is_the_light it_is_the_light Christ+Light Christ+Light  
IP Logged
 
it_is_the_light
Gold Member
*****
Offline


Christ Light

Posts: 40901
The Pyramid of LIGHT
Gender: male
Re: Gold industry hits 5-year low $US1,056.20
Reply #31 - Nov 29th, 2015 at 4:04pm
 
all central banks are connected

...

...
Back to top
 

ॐ May Much LOVE and CHRISTS LIGHT be upon and within us all.... namasté ▲ - : )  ╰დ╮ॐ╭დ╯
it_is_the_light it_is_the_light Christ+Light Christ+Light  
IP Logged
 
Bobby.
Gold Member
*****
Offline


Australian Politics

Posts: 94104
Melbourne
Gender: male
Re: Gold industry hits 5-year low $US1,056.20
Reply #32 - Nov 29th, 2015 at 5:31pm
 
Sun Tzu wrote on Nov 29th, 2015 at 3:23pm:
beer wrote on Nov 29th, 2015 at 3:13pm:
Bobby. wrote on Nov 29th, 2015 at 1:43pm:
beer wrote on Nov 29th, 2015 at 1:32pm:
human society has already passed the age using gold and metals to keep wealth. in long term, gold is more like industrial material but not currency.
Grin Grin Grin



Beer - what would you know?


I think it's an very easy to be observed trend:
* Have a look at central banks reservation assets, historical chart, percentage of gold
* Compare different age group, how many gold made jewelries they have, is it highly demanded in younger group or not.
* Find some data to see which countries have most non-currency-gold in people's hand. Most likely in India or China, doesn't it mean low end class like to buy gold and higher class actually not. Like birth rate.
* What about PPP of gold in historical chart?
Cheesy Cheesy Cheesy Cheesy


Gold prices are manipulated by large players like USA for political reasons. China, Russia and Iran have purchased a lot of gold in recent years and its likely USA has manipulated price downward to reduce the asset value of those countries.



Yes - gold is definitely a manipulated market.

Also - the Chinese sold off a mega amount this year which hasn't helped.
Back to top
 
 
IP Logged
 
cods
Gold Member
*****
Offline


Australian Politics

Posts: 88048
Re: Gold industry hits 5-year low $US1,056.20
Reply #33 - Nov 29th, 2015 at 5:39pm
 
Sir lastnail wrote on Nov 29th, 2015 at 9:28am:
cods wrote on Nov 29th, 2015 at 9:25am:
does anyone have woollies shares... its a real bugger..


What about Slater and Gordon shares. Hit a high of nearly $8 in March and is now 69 cents Cheesy LOL

Honestly who would invest in lawyers Cheesy LOL



they are the Unions lawyers... people are waking up...

now they do the old.. no win no pay.. routine....HOWEVER they forget to tell you in the ad.. if you dont win you get all the charges from the other side.. hohum
Back to top
 
 
IP Logged
 
Bobby.
Gold Member
*****
Offline


Australian Politics

Posts: 94104
Melbourne
Gender: male
Re: Gold industry hits 5-year low $US1,056.20
Reply #34 - Nov 29th, 2015 at 5:42pm
 
cods wrote on Nov 29th, 2015 at 5:39pm:
Sir lastnail wrote on Nov 29th, 2015 at 9:28am:
cods wrote on Nov 29th, 2015 at 9:25am:
does anyone have woollies shares... its a real bugger..


What about Slater and Gordon shares. Hit a high of nearly $8 in March and is now 69 cents Cheesy LOL

Honestly who would invest in lawyers Cheesy LOL



they are the Unions lawyers... people are waking up...

now they do the old.. no win no pay.. routine....HOWEVER they forget to tell you in the ad.. if you dont win you get all the charges from the other side.. hohum



Yes - they should be sued for deceptive advertising.
Back to top
 
 
IP Logged
 
Bobby.
Gold Member
*****
Offline


Australian Politics

Posts: 94104
Melbourne
Gender: male
Re: Gold industry hits 5-year low $US1,056.20
Reply #35 - Nov 29th, 2015 at 5:48pm
 
it_is_the_light wrote on Nov 29th, 2015 at 4:02pm:
http://money.cnn.com/2013/07/08/investing/stock-market-citadel/

The computers that run the stock market


http://i2.cdn.turner.com/money/dam/assets/130705144548-citadel-thumb-video-1024x...

Citadel Securities has quietly become one of the largest forces in U.S. stock trading.



Dear master Light,
the computers also run the Gold market &
I'm sure that some people know for sure if the market for Gold is going to go up or down.
That means that some people can make a fortune out of others losses.

Like I said - getting involved in Gold is risky:


Back to top
 
 
IP Logged
 
Bobby.
Gold Member
*****
Offline


Australian Politics

Posts: 94104
Melbourne
Gender: male
Re: Gold industry hits 5-year low $US1,056.20
Reply #36 - Nov 29th, 2015 at 6:24pm
 
Reuters


http://www.cnbc.com/2015/11/26/gold-poised-for-6th-straight-weekly-drop-on-fed-r...


Quote:
Gold hits near 6-year low, set for another weekly drop

Friday, 27 Nov 2015 | 1:43 PM ET


Gold dropped almost two percent to a near six-year low on Friday, set for a sixth straight weekly decline under pressure from a firm U.S. dollar and prospects of a U.S. interest rate rise next month.

Spot gold hit $1,052.46 an ounce, its lowest since February 2010, and was down 1.2 percent at $1,057.50.

Spot prices were down about 2 percent for the week. U.S. gold futures hit a six-year low of $1,051.10 an ounce before closing down 1.3 percent at $1,056.20 and skidding to a sixth straight weekly decline.




Gold was hit by the dollar's advance. The greenback was trading near March's multi-year highs against a basket of major currencies.

"The chatter is all about exchange rates ... Gold is down on the dollar," said Phillip Streible, senior commodities broker for RJO Futures in Chicago.

Greenback-denominated commodities like gold become more expensive for foreign investors when the U.S. currency rises.

The Federal Reserve is widely expected to raise U.S. rates for the first time in nearly a decade when it meets next on Dec. 15-16. Higher rates would rise the opportunity cost of holding non-yielding gold and could dent demand and boost the dollar.

"The omens are not positive for gold
in the lead-up to the December rate meeting," Societe Generale analyst Robin Bhar said.

Buying in China has been good but has been unable to support prices, traders said.

Premiums on the Shanghai Gold Exchange, a proxy for demand in China, were trading at $5-$6 an ounce, versus $3-$4 at the beginning of the month.




However, other physical demand indicators were not upbeat.

India's gold buying in the key December quarter is likely to fall to the lowest level in eight years, hurt by poor investment demand and back-to-back droughts that have slashed earnings for the country's millions of farmers.

China's net gold imports from main conduit Hong Kong fell in October from a 10-month high, data showed on Thursday.

Precious metals funds posted their biggest net outflow last week in around four months, said Bank of America Merrill Lynch.

In other precious metals, silver, platinum and palladium were all heading for weekly declines. Silver was down 1.2 percent at $14.08 an ounce, platinum was down 1.9 percent at $834.25, not far off a seven-year low hit earlier in the week. Palladium dropped 1.5 percent to $547.25.



Despite what master Light keeps saying -

I don't think it's a good time to buy just yet.
Back to top
 
 
IP Logged
 
Bobby.
Gold Member
*****
Offline


Australian Politics

Posts: 94104
Melbourne
Gender: male
Re: Gold industry hits 5-year low $US1,056.20
Reply #37 - Nov 29th, 2015 at 6:45pm
 
http://longforecast.com/gold/gold-price-forecast-for-2018-2019-and-2020.html


Quote:
Gold price forecast for 2018, 2019 and 2020
2015/10/17 Gold price forecast for 2018-2020 years.

Gold price forecast for January 2018.
The forecast for beginning of January 964. Maximum gold rate 993, while minimum 935. Gold price prediction for the end 935. The price change for the month -3.01%. The predicted average price 950 for January 2018.

Gold price forecast for February 2018.
The forecast for beginning of February $935. Maximum gold rate 963 and minimum 907. Gold price prediction for the end 907. The price change for the month -2.99%. The predicted average price $921 for February 2018.

Gold price forecast for March 2018.
The forecast for beginning of March 907. Maximum gold rate 934, while minimum 880. Gold price prediction for the end 880. The price change for the month -2.98%. The predicted average price $894 for March 2018.


The trend is down.
Back to top
 
 
IP Logged
 
Bobby.
Gold Member
*****
Offline


Australian Politics

Posts: 94104
Melbourne
Gender: male
Re: Gold industry hits 5-year low $US1,056.20
Reply #38 - Nov 29th, 2015 at 6:52pm
 
http://www.profitconfidential.com/gold/gold-price-forecast-for-2015-2016/

Quote:
Gold Outlook for 2015


Gold Price Forecast for 2015: Positive Gold Outlook Ahead
By John Whitefoot, BA Published : November 23, 2015

Because of all of these factors, I predict gold prices will be considerably higher next year—and will continue to trend higher in the years ahead.

With the stock markets soaring and the economy chugging along, gold has taken a back seat. All it will take for gold to come to the forefront is a good dose of reality. By that, I mean a well-deserved correction on Wall Street; this will lead to a reversal of funds out of stocks and back into gold.

Unexpected economic challenges out of China, Japan, Russia, and the eurozone could also send investors back into gold. So, too, could rising geopolitical tensions from the Middle East, Russia/Ukraine, terrorist groups, and wild cards like North Korea and Nigeria.

It’s the perfect storm for an overvalued stock market and underperforming gold prices. While many investors have turned their back on gold, the fact of the matter is that when it comes to predicting gold prices in 2015…things are just starting to get interesting.


A totally different story!
Back to top
 
 
IP Logged
 
Bobby.
Gold Member
*****
Offline


Australian Politics

Posts: 94104
Melbourne
Gender: male
Re: Gold industry hits 5-year low $US1,056.20
Reply #39 - Nov 30th, 2015 at 6:15am
 
The price of Gold will be interesting to follow.

Back to top
 
 
IP Logged
 
cods
Gold Member
*****
Offline


Australian Politics

Posts: 88048
Re: Gold industry hits 5-year low $US1,056.20
Reply #40 - Nov 30th, 2015 at 2:36pm
 
Bobby. wrote on Nov 30th, 2015 at 6:15am:
The price of Gold will be interesting to follow.




why bobs.. sounds like you must have a bit in the cellar...  Roll Eyes Roll Eyes

Ive never understood the price people pay for gold

its not as if its life saving is it?
Back to top
 
 
IP Logged
 
Baronvonrort
Gold Member
*****
Offline


Australian Politics

Posts: 17387
Gender: male
Re: Gold industry hits 5-year low $US1,056.20
Reply #41 - Nov 30th, 2015 at 2:42pm
 
Bobby. wrote on Nov 30th, 2015 at 6:15am:
The price of Gold will be interesting to follow.



They have cut back on gold mining because the price has dropped, perhaps that will make it rise again.

All it will take is some serious mining for it to drop again.


Back to top
 

Leftists and the Ayatollahs have a lot in common when it comes to criticism of Islam, they don't tolerate it.
 
IP Logged
 
lee
Gold Member
*****
Offline


Australian Politics

Posts: 16343
Gender: male
Re: Gold industry hits 5-year low $US1,056.20
Reply #42 - Nov 30th, 2015 at 2:47pm
 
I guess they think their will be no large scale conflict soon.
Back to top
 
 
IP Logged
 
Bobby.
Gold Member
*****
Offline


Australian Politics

Posts: 94104
Melbourne
Gender: male
Re: Gold industry hits 5-year low $US1,056.20
Reply #43 - Nov 30th, 2015 at 4:15pm
 
cods wrote on Nov 30th, 2015 at 2:36pm:
Bobby. wrote on Nov 30th, 2015 at 6:15am:
The price of Gold will be interesting to follow.




why bobs.. sounds like you must have a bit in the cellar...  Roll Eyes Roll Eyes

Ive never understood the price people pay for gold

its not as if its life saving is it?



It's a method to hedge against our pacific peso  A$.
Back to top
 
 
IP Logged
 
Bobby.
Gold Member
*****
Offline


Australian Politics

Posts: 94104
Melbourne
Gender: male
Re: Gold industry hits 5-year low $US1,056.20
Reply #44 - Dec 1st, 2015 at 6:16am
 
Up a bit today:

US$1,065.70
Back to top
 
 
IP Logged
 
Pages: 1 2 3 4 5 
Send Topic Print