Skip to content
Socio-Economics History Blog

Socio-Economics History Blog

  • About

Socio-Economics History Blog

Socio-Economics History Blog

Ross Norman: Gold Price Action Suggest Epic Events Close By

July 5, 2019 by mosesman

  • Ross Norman: Gold Price Action Suggest Epic Events Close By
    by bullionboy2020, https://www.zerohedge.com/
    Love it or hate it … you just cannot ignore gold … it is after all a “bellwether”. Originally a bellwether was a bell tied around the neck of a castrated ram (a wether) who would lead the other sheep and give the shepherd a ready reckoner on the movements of the flock. In financial markets it just refers to a leading indicator.

    –
    Gold is currently suggesting that dark things may be afoot on the economic front. After six years of relatively tame ‘sheepish’ price performance, gold has suddenly become a turbocharged ram on a motorbike, without a helmet.
    –
    It is rushing headlong with little regard for technical resistance levels, with price action to make even Bitcoiners blush.
    –
    For most investors gold remains an anomaly – we are just 0.4% of global assets under management – but even for them, the gold price action must be some cause for alarm. The reality is that the confluence of investor and speculative activity in June saw the market bust the all-important $1360 level which had held rigid since 2014. It was the mother of all levels. Having effortlessly taken that level, gold strode purposefully through other levels including the $1400 psychological level with rank disregard.
    –
    Behind this was $4.3 billion in purchasing of the gold ETF in June, coupled with the net futures position rising in late April from a short 105 tonnes position to long 468 tonnes. So that is a gain of 573 tonnes in futures plus about 100 tonnes of ETFs… in a market which only produces 3345 tonnes. Significant.
    –
    Was it the indication of the policy reversal by the Fed, was it declining economic indicators such as the PMI’s, was it a correction in the US dollar … was it over $12 trillion in negatively yielding government bonds … was it Italy… or Iran – actually it does not matter. The reality is that the whole economic structure is currently looking vulnerable and that is about all you need to know in order to buy gold. Who cares what the first domino to fall looks like…
    –
    No one in the gold community is going to thank me for drawing a parallel between the gold market and a four-legged beast that has lost essential parts of its tackle … but the bell has rung … the ram has shifted course … it only remains to be seen if the sheeple will follow. 

end

Post navigation

Previous Post:

The Plan to Resettle Palestinians in the North Sinai Desert — Trump’s ‘Deal of the Century’ Will Lead to More Bloodshed

Next Post:

No, Iran Did Not Break The Nuclear Deal — Here’s Why

Pages

  • About

Recent Posts

  • “We Are In WW3”: The Shocking Truth About US Proxy Warfare in the Middle East and Ukraine
  • WEF Just Issued Their Biggest CRISIS Warning Yet | Redacted with Clayton Morris
  • Clayton Morris: Why Is Our Power Grid Under Attack?
  • ‘We Have Something to Answer With’: Putin’s Chilling Nuclear Threat to West Over Ukraine Tanks?
  • Gold, Silver And the Big Economic Reset with Maneco64, Lynette Zang, And Ed Steer
  • Michael Khoury: A Cyber False Flag Attack Is Imminent!!
  • MSNBC Anchor Hospitalized With Severe Myocarditis, Pericarditis
  • COVID Propaganda Collapsing as Myocarditis Cases Rise
  • Is Orchestrated Cyber Attack Coming?
  • Situation Update, Feb 2, 2023: An Online AI System CLONED My Voice! (And Can Clone Yours Too…)
  • MORE Fibrous Clots Being Pulled From Vwaxced DEAD As Embalmers Sound Alarm
  • CrossTalk: Ex-Freemason SPEAKS Out About Satanic Agenda to Deceive Christians
  • Chinese Military Announces YJ-21 Mach 10 Missile Abilities in Social Media Post Read as Warning to US Amid Tension in Taiwan Strait
  • Pfizer CEO Made ‘Misleading’ Statements on Vaccinating Children Against COVID-19: UK Watchdog
  • Warning Issued for Petrodollar
  • WARNINGS Chemical Attack TRUTH is Coming Out in Syria, the Deep State is Mad | Redacted News
  • Middle East Escalation: What Next After Iran Blames Israel for Drone Strike? • FRANCE 24 English
  • Financial Repression Will Dispossess the Masses
  • Why the End of the Petrodollar Spells Trouble for the US Regime
  • Latin America’s New ‘Sur’ Currency Bloc: Regional Integration vs. the Weaponized Dollar

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011

Categories

  • Disaster
  • Economics
  • Endtimes
  • Geo-Politics
  • History
  • Medicine & Health
  • Satire
  • Science & Technology
  • Social Trends
  • Uncategorized

Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org
July 2019
M T W T F S S
« Jun   Aug »
1234567
891011121314
15161718192021
22232425262728
293031  
© 2023 Socio-Economics History Blog | WordPress Theme by Superbthemes