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
HSBC             Bank USA NA
ICBC Standard Bank
JPMorgan Chase
Morgan Stanley            
Société Générale
Standard Chartered
The Bank of Nova Scotia - ScotiaMocatta
The Toronto Dominion Bank
UBS            
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.
WE WILL BE GOLD             BEFORE THE PORN, WHILE GOLDEN IDEOLOGISTS WILL EXIST . Rothschild's
Trade active

Related Ideas

Still a very valid possibility
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Bank of Canada sold all their gold, just like Britain did (Brown bottom) around 2000.
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Update !
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Update please, if you would. Gold seems to be breaking out.
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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.
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nice chart but i will wait to touch 1180 to go in
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Muncher felix997
@felix997, that might be over
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@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
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@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?
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