Gold: macro, inflation, miners and price
Ongoing updates on gold price action, central-bank demand, miners and macro drivers in the precious-metals market.
China sold US treasuries and bought gold - just like I wrote over 3 months ago
gold now accounts for ≈6% of PBoC international reserves, while US treasury holdings are ≈40% from their peak in 2013
off-ramp from USD debt to alternative assets continues its progress
🇨🇳China has been increasing their gold reserves YTD
Gold price keeps going up - major central banks continue to load up
Gold is a hedge against USD. Tariffs are a medium of USD weaponization
👉 Expect US securities sell-off for gold by People's Bank of China
gold hasn't broken the weekly uptrend - note the higher highs
buying pressure today pushed the price up ≈2.5%
TA is an excellent tool to gauge the price action
gold price is back up to its price 2 weeks ago
so it indeed was a good idea to long it at the pullback
gold price is back up to its price 2 weeks ago
so it indeed was a good idea to long it at the pullback
consider this gold pullback as a free gift to further extend your long position 🥳
if you've read my previous posts you know that gold is ≈36% of Russia's international reserves
this is taken straight from the Bank of Russia's balance sheet statement
100% of it is stored in Russia, thus no counterparty risk
critical component of Ruble's strength
🇺🇸🇷🇺 USD/RUB rate already fell to July 24th close, below 80
although it's also important to note that there are several factors at play - USD index is also down today
despite oil down - gold is up. this is about the monetary policy of Russia and their balance sheet structure
btw the gold depreciation today is due to the appreciation of USD
consider this gold pullback as a free gift to further extend your long position 🥳
gold is currently the only asset whose leveraged long position can be hedged by adding more to the long on pullbacks 😄
* one of the only - and ofc technically that's not a hedge - but you can read my previous posts to understand what I mean
substance over matter 😉
🚀 you can already feel a new ATH for gold
the loading screen is at 96%
[🟩🟩🟩🟩🟩🟩🟩🟩🟩🟩🟩⬛] 96%
and it won't stop there
price action is showing immaculate breakout vibes 🤩⬇️
🚀 you can already feel a new ATH for gold
the loading screen is at 96%
[🟩🟩🟩🟩🟩🟩🟩🟩🟩🟩🟩⬛] 96%
and it won't stop there
price action is showing immaculate breakout vibes 🤩⬇️
gold's behavior during the current 'bullrun' has been consistently to flip previous week's resistance to new support
in the chart - the green vertical lines are weekly levels
gold's current price action suggests it's flipping another resistance for support
Road to $3500 🚀
all of this very bullish for gold & other commodities
it's not just gold & silver - you may have seen the recent appreciation of platinum
those commodities have still have price to catch up on & that has been signaled by their volatility
gold up 40% on the year isn't normal
so today it may not be wise to assume that the FED will hike interest rates into double digits to lower the CPI/inflation
rather - the interest rates are headed down, bc of challenge in refinancing debt
that's what I meant by focusing on historical patterns from this century
(re)monetization of gold is already in progress
central banks have been consistently buying gold for many years
this is especially true for Russia & China
Over 10 years the Russian Central Bank has increased gold holdings by x4.5
🇷🇺 Gold is now 35% of all international reserves held by Russia 🤯
🇺🇸 Comparatively, for USA the number is 5%
This is why Russia and Ruble have been so resilient to sanctions
🚨🏦 claims that gold is a Tier 1 asset under Basel III are FALSE:
1. gold is NOT a Tier capital under Basel - it's on the liability, not asset side
2. gold had 0% risk weight since Basel I (no haircut)
3. gold is still NOT considered a high quality liquid asset (HQLA)
central banks will continue to buy gold
you'll be able to confirm that in their upcoming balance sheets reports. pay special attention to China & Russia
enjoy the dip, because smart money is!
and this is how the gold market opened
green candle straight to $3400 🚀
gold futures market opens in 2 mins!!
are you ready?
gold futures market opens in 2 mins!!
are you ready?
soooo… new gold ATH next week?
look at gold's price chart with weekly candles - it's unbelievable 🤯
gold is going up like a risky asset - but it in fact is a reflection of risk
now it looks like a breakout from another consolidation phase 📈
gold's behavior during the current 'bullrun' has been consistently to flip previous week's resistance to new support
in the chart - the green vertical lines are weekly levels
gold's current price action suggests it's flipping another resistance for support
Road to $3500 🚀
all eyes on gold futures 👀
COMEX gold futures trading open in 13h
markets are closed now, but blockchain never sleeps
on-chain gold-backed token futures may give you a heads-up - they're up ≈1.3% from yesterday
interesting to see gold moves after open
spoiler: higher price
all eyes on gold futures 👀
COMEX gold futures trading open in 13h
markets are closed now, but blockchain never sleeps
on-chain gold-backed token futures may give you a heads-up - they're up ≈1.3% from yesterday
interesting to see gold moves after open
spoiler: higher price
soooo… new gold ATH next week?
look at gold's price chart with weekly candles - it's unbelievable 🤯
gold is going up like a risky asset - but it in fact is a reflection of risk
now it looks like a breakout from another consolidation phase 📈
soooo… new gold ATH next week?
look at gold's price chart with weekly candles - it's unbelievable 🤯
gold is going up like a risky asset - but it in fact is a reflection of risk
now it looks like a breakout from another consolidation phase 📈
🤯 Gold may just go straight to $3500 in the next few hours
Look at this 15-minute timeframe momentum ⬇️
always important to remember that gold isn't crypto and volatility is a lot more conservative there 😄
you're talking central banks balance sheet assets - not so much speculative, hedging or portfolio management
yet, $3500 gold is just around the corner
🤯 Gold may just go straight to $3500 in the next few hours
Look at this 15-minute timeframe momentum ⬇️
Oil & Gold back on the rise
Just as I wrote earlier today
'The market is never wrong'
A lot of big accounts posting about how the market knows everything & prices accordingly - even before the official news
Okay.
Now wait & watch crude oil & gold raise up even more in price very soon
This isn't a joke
BTW I soon realized this wasn't an actual ATH for gold yet - but it is coming
The historical chart is showing closing prices, not maximum
So I inadvertently compared current price with closing historical price
Good news - more time for you to accumulate gold before new ATH 😄
🚀📈 NEW Gold ATH is in - $3440 per oz
I've been warning about this for a while
You had a little over a month since my original post to load up
💾⏰ Just like with my post about the price of gold a few months ago - feel free to save & set a reminder for this one
The prediction will be correct once again
'The market is never wrong'
A lot of big accounts posting about how the market knows everything & prices accordingly - even before the official news
Okay.
Now wait & watch crude oil & gold raise up even more in price very soon
This isn't a joke
🤯 Gold may just go straight to $3500 in the next few hours
Look at this 15-minute timeframe momentum ⬇️
🚀📈 NEW Gold ATH is in - $3440 per oz
I've been warning about this for a while
You had a little over a month since my original post to load up
Now that gold is down & below $3.3K, it's a good time to say this:
🎉 New ATH coming very soon 🎉
In the time of political, civil & economic ambiguity - there is only one recourse - Au
Lower interest rates & QE are coming soon - FIAT down, gold up
💾 Save this & check back
🚀 Are you ready?
New all time high for gold is just around the corner
And there will already be a strong resistance in the ≈$3300 area, due to the recent accumulation
Low(er) interest rates + high(er) CPI will then push it up even further
All time high for gold incoming…
Gold is having its 'calm before the storm' moment 😄
New all time high is coming very soon to all markets close to you
