FX:XAUUSD   Gold Spot / U.S. Dollar
The era of cheap gold ends
From 1919 to 2015, the price of gold due to Gold Fixing. The price was set by London Gold Market Fixing Limited. On March 20, 2015 fixing ceased to be installed according to the old methodology and was replaced by electronic auctions LBMA Gold Price.
Initially, the "golden five" consisted of the following companies
1.N M Rothschild & Sons
2.Mocatta & Goldsmid
3.Pixley & Abell
4.Samuel Montagu & Co
5.Sharps Wilkins
What now?
Thirteen market participants are accredited to participate in LBMA Gold Price trading:
Bank of China
Bank of Communications
China Construction Bank
Goldman Sachs International
ICBC Standard Bank
JPMorgan Chase
Morgan Stanley
Société Générale
Standard Chartered
The Bank of Nova Scotia - ScotiaMocatta
The Toronto Dominion Bank
These banks all belong to the same families.
Most of the gold has already been bought and there is no point in keeping it at this level.
In a period of instability, investors will seek refuge for their assets. And gold will not be a bad refuge for long term.
Trade active

Related Ideas

Still a very valid possibility
Bank of Canada sold all their gold, just like Britain did (Brown bottom) around 2000.
Update !
Update please, if you would. Gold seems to be breaking out.
This is what happens when you mix conspiracy "the world is going to end" theories with TA
+1 Reply
BankofEngland Crypto_Codeine
@BTC_Lambo, - This is when reality takes over over optimism. One of the biggest signs of this Excavo's reality is that gold has been increasing WITH the stock market. Typically, investors are leaving gold and going into stocks to ride the profits up. First there is increasing geopolitical problems, next we see the dollar index suffering. We see a huge bubble in the bond market ready to pop. We are also seeing more and more countries leaving the dollar with fewer treasury purchases and a moving away from the petrodollar. This is reality, so I'm not sure what is conspiracy. In the end, there were naive people in every bubble. From the Dotcom Bubble of 2000, to the Housing Bubble of 2008 and clearly, there are naive people today.
+1 Reply
nice chart but i will wait to touch 1180 to go in
Muncher felix997
@felix997, that might be over
+2 Reply
@Muncher, gold is influence by interest rate , so we have a break but inflation will pick un ,next month will confirm that , and it will be sure that interest will go up and gold will go down to clean the market . Anyway commercial are so short now . will wait that they cover
+1 Reply
@felix997, Gold is influenced by economic health, geopolitical problems, and the dollar. Which coincidentally all three have been getting worse. I think we are seeing reality set in. A stock market with no brakes, going up based on... over-optimism?
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out