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Two Hours Ago>>Geopolitical Concerns and Weaker Dollar Puts Spotlight on Gold

Posted by Mr.Copper @ 11:14 on April 19, 2017  

Part:

Gold climbed higher on Tuesday due to a weaker dollar and geopolitical uncertainties. Spot gold rose 0.4 percent to $1,289.83 an ounce by 4:41 p.m. EDT on Tuesday after it hit its peak at $1,295.42 in prior session. Concerns about growing tensions between the United States and North Korea drove the demand for the yellow metal. In addition, worries over the upcoming French presidential election also helped push gold prices higher. Gold is often viewed as a safe-haven asset in times of geopolitical and financial turmoil and year to date; Gold is up about 12 percent. Kenadyr Mining Holdings Corp. (TSX-V: KEN), Gold Resource Corporation (NYSE: GORO), McEwen Mining Inc. (NYSE: MUX), Gold Fields Limited (NYSE: GFI), Harmony Gold Mining Co. (NYSE: HMY)

The price of gold was lifted by a weaker dollar as the dollar index fell to a three-week low after the Commerce Department posted disappointing U.S. housing starts data. Gold prices could benefit from a weaker dollar as it makes other currencies holders cheaper to buy dollar-denominated commodities. “Short-term risk is skewed to the downside but underlying support is there with the focus on political uncertainties. We see the yen continuing to strengthen, and a strong yen and strong gold have gone hand-in-hand since November,” said Saxo Bank’s head of commodity strategy Ole Hansen, reported by Reuters.

More:

http://www.prnewswire.com/news-releases/geopolitical-concerns-and-weaker-dollar-puts-spotlight-on-gold-619829203.html

Good Morning Folks

Posted by Farmboy @ 10:42 on April 19, 2017  

Couple morning thoughts:

  • Futures Expiry for Gold and Silver is next Wednesday, April 26. From the view this morning, Gold 1250 is within ear shot, and Silver below 18 almost a given. Could get ugly.
  • The Democrats are on a roll in Georgia. Their choice had 48% of the vote last night. If he had gotten just 2% more, he would have clinched it. Now forced into a runoff vote in June. They took a snot nosed 30 yr old whose only claim to fame or experience was as an aid to some Washington Congressman. He does not even live in the District he ran for office ! It was a very polished and slick ad campaign by the Dems. The Republicans ran their usual stiff, boring campaign. Pitiful !!! If this is a sign of future politics, the Dems are far from out of it. ( I know, hard to believe.) But remember, Trump was NOT a Republican, but ran as an ‘outsider’, with mostly his own money. And won in spite of the opposition from his own party.
  • Maya, appreciate the coffee and train pic. Speaking of a Circus, we should load that train with the clowns and performers in Washington, and never let them off. 🙂

Alex Valdor

Posted by Maddog @ 10:28 on April 19, 2017  

Patton studied the Ringling operation to improve troop movement logistics in the European theater during WW II , it is claimed .

Interesting…he also managed one of the greatest logistical military feats of all time, turning an advancing Army through 90 degrees….no doubt he used the Ringling methods to keep it all going, as the logistics of that turn would have been collosal.

If at first you don’t exceed…

Posted by Buygold @ 10:24 on April 19, 2017  

Try another time on the London exchange.

25k contracts dumped in under a minute. Good for $8

We’ll see if they try it once more since we’re on the ropes.

Thanks for the Thunder there SnG at 9:12. Everything from agent orange to crop dusting and cloud seeding.

Posted by macroman3 @ 10:13 on April 19, 2017  

No one approved of my positive spin on TPTB were trying to do something for the good of Humanity?

Oh well, might as go back to figgering out who’s to die next then…

Morning Buygold

Posted by Maddog @ 10:12 on April 19, 2017  

I see nothing different…in fact they just hit AU at almost the exact same time as yesterday, if not the exact minute !!!!!

the GDX seller has got it below 24.00 again and the SM is good and solid….all is wonderfull in scumland.

As to how they got the SM up after IBM…..DB is up over 2 % and if they can get that Pig positive, they can lift anything, especially if they ram USD/JPY above 109.

Alex–thanks for the Ringling memories! Amazing how they could make a profit with all that overhead

Posted by Richard640 @ 9:51 on April 19, 2017  

Back then the inflationary spiral that stated in 70s hadn’t hit–and all those workers were born in the USA–back in the 20s-30s- 40s and 50s-

I was born in 1943 in Peoria, Il and Peoria had many smaller circuses come to town over the years–

Maya – thanks for the Ringling train photo

Posted by Alex Valdor @ 9:33 on April 19, 2017  

Very sad to see the end of ‘The Greatest Show on Earth’ . As a youngster I helped raise the Big Top on a summer morning of one of the final years that the Ringling Brothers Barnum and Bailey five ring circus was still under canvas . Only later in life did I appreciate what a phenomenal logistics operation it was , to offload the train , set up a cook and a dining tent to feed over a thousand circus workers three meals each day , raise the sideshow , animal , and Big Top tents ( and bleachers in the Big Top , which they called Bertha ) in time for an early matinee show , then the main evening show , tear it all down again , transport and load it all back on the train , and overnight head to the next town , to repeat the whole thing the next day . Absolutely amazing ! BTW the elephants and horses were used to haul the ropes which raised those immense tents – I believe seating capacity of the Big Top was around 5000 customers at each performance .

In the case of my home town , the arrival of those circus workers increased the city population by 5% for the day . Just increasing the food supply by that much for a single day is almost a miracle .

Patton studied the Ringling operation to improve troop movement logistics in the European theater during WW II , it is claimed .

Macroman, Wake up!! There’s something in the air! (catchy tune….it’s music)

Posted by silverngold @ 9:12 on April 19, 2017  

https://youtu.be/ymjQKuSkvt8

Maya

Posted by Moggy @ 8:25 on April 19, 2017  

Thank you for all the lovely cups of tea, Maya…such a delightful way to begin one’s day.

 

waterfall

Morning Maddog

Posted by Buygold @ 7:55 on April 19, 2017  

So over on our side of the pond, IBM misses earnings bigly, stock down around $8 pre-market but the DOW and S & P futures somehow manage to be up nicely. The USD up a little.

What’s it all mean? Hit pm’s of course – along with the VIX.

No clue what if anything will ever change.

Via Gata The World’s Top Gold Market Just Had Its Strongest Buying In 3 Years

Posted by Maddog @ 5:05 on April 19, 2017  

http://www.valuewalk.com/2017/04/worlds-top-gold-market-just-strongest-buying-3-years/

shows Indian imports running @ 1000 tonnes p/a…excluding smuggled Gold…combined with China and their’s damn all real gold left for anyone else, from annual mined gold. Only scum paper, like the yesterdays 68 Tonnes of fiction.

Happy Hump Day

Posted by Maya @ 3:23 on April 19, 2017  

I hope Moggy has a quiet bunker to have tea

rosetea

The rest of you… practice ‘Duck & Cover’, but don’t spill the coffee!

fallout

 

Silver Train

Posted by Maya @ 3:14 on April 19, 2017  

wig-wag1

It’s a sad day… The last Ringling Circus train heads north thru Massachusetts
http://railpictures.net/photo/613618

 

goldielocks @ 1:40

Posted by Maya @ 3:10 on April 19, 2017  

Fallout survival… thanks.  (I had to really magnify the browser display, but I got it!)

I actually have a copy of Cresson Kearny’s “Nuclear War Survival Skills” and have gone through it rather well.  But I’m not worried about fallout where I am.  Upwind of me is 2500 miles of open ocean, and we get sea winds here.  All the military assets are on the island of Oahu, some 250 miles downwind of me.  And I have two volcano ‘blast shields’ almost 14,000 ft high next to me.

They Have No Proof: MIT Professor Explains Why The Assad Gas Attack Was A Sham

Posted by Maddog @ 2:31 on April 19, 2017  

http://www.zerohedge.com/news/2017-04-18/they-have-no-proof-mit-professor-explains-why-assad-gas-attack-was-sham

The Rig allows this craziness, without the Rig the Dow would be looking at 15K and going south fast, while Gold would be ??????

Busy night for scum, as been on PM’s all night,. took 8 bucks off Au with, no bounces allowed…classic scum action.

Maya got this email reminder from Chem bio passing on to you

Posted by goldielocks @ 1:40 on April 19, 2017  

image

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.