"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Gold investors, like anyone else can be swayed by the stereotypes they see in the news and in the e-mail chains they receive. I still believe that there has been a "Obama" bubble in gold. Thanks in large part to extreme buying on the part of The University of Texas endowment fund gold shot up from $700 to $1,800. The speculation that followed this whale of a buyer added to the run-up. It was not based in economic policy, but in the fact that Obama was in the White House. After all, inflation has been very low in the past 10 years. Now that he is on his way out and Trump on his way in, the opposite reaction is being acted upon. They are all selling gold. It has nothing to do with economic policy, since we have no idea what Trump is going to do.
As some economists have pointed out the US (and other countries) are heading for default and there is nothing the President can do to prevent that. http://www.garynorth.com/public/15952.cfm
How that translates to the metals prices, supply, demand, overall levels of economic and social anxiety may impact them.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I'd like to see what the gold coin sales were for the preceeding 2 or 3 months. Nothing traded in the week before the election so I believe the chart is misleading (purposely).
And what is the scaling? Did sales go from 3 coins to 30 coins? Extremely misleading chart.
Metals are back to a bear market for now, it really makes no difference if retail investors/stackers are buying physical, that's more of a inverse relationship anyway. Eventually, sooner or later, there will be a decent chance to by cheap, imo.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@cohodk said:
I'd like to see what the gold coin sales were for the preceeding 2 or 3 months. Nothing traded in the week before the election so I believe the chart is misleading (purposely).
And what is the scaling? Did sales go from 3 coins to 30 coins? Extremely misleading chart.
Don't forget the source....I've learned to ignore them years ago.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@cohodk said:
I'd like to see what the gold coin sales were for the preceeding 2 or 3 months. Nothing traded in the week before the election so I believe the chart is misleading (purposely).
And what is the scaling? Did sales go from 3 coins to 30 coins? Extremely misleading chart.
Don't forget the source....I've learned to ignore them years ago.
US mint verifies gold eagle sales soared post-election in 2016 even though the paper price has been hammered. Looks like Zero Hedge was right at least once. lol.
From the mint data:
NOV sales of AGE ounces increased 252% over AUG sales, 156% over SEP sales and 127% over OCT sales.
NOV sales of AGE coins increased 221% over AUG sales, 136% over SEP sales and 129% over OCT sales.
OPA, add the US Mint to your sites to ignore.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Yup, looks like there was an increase and not just due to seasonality. Sales have since collapsed?
It would be nice if ZH had linked a source. How do they get the daily numbers? Does the increase fall within the range of normalcy...has the size of the increase happened before?
Has the India deal had a larger impact on gold prices?
wrong, the FED is gold's best friend. And this is why it does not matter who the king is.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
the king doesn't spend the money. The people you sent to congress do. You and coho might want to study up on the fiscal aspect of Washington and reconsider who you send.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
If that's California it's more than a foregone conclusion what they will do regardless of the subject. Only in CA would there be surfers and no waves. lol
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Comments
Strong Gold Standard Advocate for Treasury Secretary?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Gold investors, like anyone else can be swayed by the stereotypes they see in the news and in the e-mail chains they receive. I still believe that there has been a "Obama" bubble in gold. Thanks in large part to extreme buying on the part of The University of Texas endowment fund gold shot up from $700 to $1,800. The speculation that followed this whale of a buyer added to the run-up. It was not based in economic policy, but in the fact that Obama was in the White House. After all, inflation has been very low in the past 10 years. Now that he is on his way out and Trump on his way in, the opposite reaction is being acted upon. They are all selling gold. It has nothing to do with economic policy, since we have no idea what Trump is going to do.
I think its on its way back under $1,000.
So long as the refinery pays me more than I pay for it .... I'm a buyer. It's always " risk on".
Hummmmmm,,,,,,,, maybe not
As some economists have pointed out the US (and other countries) are heading for default and there is nothing the President can do to prevent that. http://www.garynorth.com/public/15952.cfm
How that translates to the metals prices, supply, demand, overall levels of economic and social anxiety may impact them.
I'm wondering when the re-count is finished, how much a gallon of milk will cost ?
physical gold demand has soared post-election as the paper prices were pummeled...
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I'd like to see what the gold coin sales were for the preceeding 2 or 3 months. Nothing traded in the week before the election so I believe the chart is misleading (purposely).
And what is the scaling? Did sales go from 3 coins to 30 coins? Extremely misleading chart.
Knowledge is the enemy of fear
When was the WLH on sale? Same time right?
Metals are back to a bear market for now, it really makes no difference if retail investors/stackers are buying physical, that's more of a inverse relationship anyway. Eventually, sooner or later, there will be a decent chance to by cheap, imo.
Krugman: "Trump's Economic Team Is A Gathering Of Gold Bugs"
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Don't forget the source....I've learned to ignore them years ago.
Coho, Let's get the data right from the horse's mouth:
US mint verifies gold eagle sales soared post-election in 2016 even though the paper price has been hammered. Looks like Zero Hedge was right at least once. lol.
From the mint data:
NOV sales of AGE ounces increased 252% over AUG sales, 156% over SEP sales and 127% over OCT sales.
NOV sales of AGE coins increased 221% over AUG sales, 136% over SEP sales and 129% over OCT sales.
OPA, add the US Mint to your sites to ignore.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Yup, looks like there was an increase and not just due to seasonality. Sales have since collapsed?
It would be nice if ZH had linked a source. How do they get the daily numbers? Does the increase fall within the range of normalcy...has the size of the increase happened before?
Has the India deal had a larger impact on gold prices?
Knowledge is the enemy of fear
Ah, this reminds me of 2008 when 100 oz silver bars were plus $5... meaninglessness then, meaningless now...
I knew it would happen. I probably owe jmski a royalty now. Lol
Knowledge is the enemy of fear
wrong, the FED is gold's best friend. And this is why it does not matter who the king is.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
king spender
Holy bankrupt toledo!
the king doesn't spend the money. The people you sent to congress do. You and coho might want to study up on the fiscal aspect of Washington and reconsider who you send.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
It literally doesn't matter who I vote for in National elections
It's a foregone conclusion what my state will do.
Liberty: Parent of Science & Industry
Surf??!
If that's California it's more than a foregone conclusion what they will do regardless of the subject. Only in CA would there be surfers and no waves. lol
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Mission Accomplished.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Who doesnt like a bubble?
Knowledge is the enemy of fear
just an fyi. a few years back i started a thread on the éléctîön and effects on PMs. it was pööfed. tréäd cäréfully.