Market Wrap – Gold, USD, and The S&P
Chris Temple joins me to wrap up the market moves for today. The focus is on the PMs as they continue to move higher without any major events to drive these moves. We also look into the USD and what factors could help move the dollar up or down. Finally we address the US markets closing in on some pretty substantial resistance. It is finally time for the markets to rollover?
Click here to visit Chris’s site for more valuable market commentary.
Central Bank buying up 74% year-over-year! Highest annual net purchases since Nixon closed the gold window! These are some astounding figures that few are talking about. Everyone is blabbering on about every Trump tweet or focusing on the minute-by-minute progress in the Chinese-American trade negotiations, yet right in front of us has been a dramatic shift in the demand picture of the gold market.
Fed got your back…………….lol
Silver:
http://schrts.co/AVIZzbNn
Interesting place for NGD to peak last week…
http://schrts.co/CGMFjMPt
GLD:UUP breakout:
http://schrts.co/PQBBBHDv
Silver is at resistance that will probably be overcome tomorrow…
http://schrts.co/svYtbRmU
(ANX) Anaconda Mining Intersects 6.45 g/t Gold over 5.0 Metres and 1.89 g/t Gold over 12.0 Metres at Point Rousse Project
by @newswire on February 20, 2019
https://ceo.ca/@newswire/anaconda-mining-intersects-645-gt-gold-over-50-metres
I am posting this again, because I think it is that important……
Concerning CENTRAL BANKS BUYING GOLD
https://www.zerohedge.com/news/2019-02-15/guess-whos-buying-gold