Why A Strong Dollar Isn’t A Death Sentence For The Gold Price

https://www.gold-eagle.com/article/why-strong-dollar-isnt-death-sentence-gold-price

Yep. Pretty decent action in the metals but just so-so in the shares. I’m not sure being up in advance of a Fed meeting is good or not.

Silver stocks were weak today. Not sure why. Maybe just because.

https://finance.yahoo.com/quote/%5EHUI?ltr=1

today is a big day because gold won a ferocious morning skirmish, didn’t sell off and logged a respectable gain of $8…but. what is so bullish is that it. has done this before a. FED meeting and a. jobs report & with the $ green. all day…I see silver is up 10 cents but the silver stocks barely are up…it’s always something…the HUI’s coming alive…I’ll. take 7 or 8 buck days anytime…I got a feeling tonight could be exciting…still looking for a $50 or $100 upday

He must be listening !!!!!

I  am working off weekly signals so nothing is set in stone yet. However, since liftoff this is the most dangerous to the dramatic upside Int signal by far.  Nice time to take partial profits, imho.  The Gold bull finally gave us a new Int high when it broke $1378 which, it had failed to do since July 2016! So, very  sure, $gold is in a bull trend. We also know that this market is not going to go just  straight up. I am simply stating to BEWARE right now. Could be a very short Int down cycle coming but, why take that chance? Time to cash in some profits now and have the firepower to nail it once again when the signals say go for it. The heathens will have their day…again and again. Just stand aside. I am of the opinion that NOW is a good time to stand aside.

Considering how high the phony US Dollar is, near 100, gold is looking extremely healthy and well nourished to me. When that dollar drops there would be an extreme tailwind.

One thing we know for sure, when we get pauses like this, if we don’t get going to the upside pretty soon we’ll definitely get going to the downside.

A lot of crap on the table this week with the Fed meeting and jobs report. No doubt we’re in the “danger zone”.

DRAMATICALLY, right now,,,this week, to avoid an Int, sell signal, imho. It’s now or never. No sell signal yet but, very close and closing.

Yup. Sold the shares right out of the gates. For some reason the filthy filth wants to keep $1420 contained and are adding the shares to keep the excitement down.

The volume in the shares is pretty anemic though, so no mass selling panic just yet.

Markets Coiled Ahead Of “Most Important Week Of The Year”

https://www.zerohedge.com/news/2019-07-29/markets-coiled-ahead-most-important-week-year

For what has been widely accepted as “the most important week for markets of 2019”, the market sure is taking its time to get excited, with overnight volumes subdued and global shares easing modestly on Monday with US equity futures hugging the unchanged line as the dollar has hit a two-month high against a basket of currencies as markets began the 2-day countdown to a guaranteed rate cut in the US on Wednesday, with much riding on whether the Federal Reserve cuts 25 or 50bps and signals more cuts are to come.

This is open warfare! gold down 20 cent…screwthis, I’m goin out…I got a life to live…[such as it is] Besides…..I’m…

it’s just outright suppression–if. gold can recover, then…..

How can they coordinate that?? Now silver gave up its 3 cent gain and is down 1 cent-

WOW! gold down 1.90–the filth are throwing. a temper tantrum…

Yes. The USD is moving against us but it looks like the Ten yr. is working in our favor down from 2.08 to 2.05%

The shares seem firm. We’ll see what happens as the day wears on.

with the $ index UP .130 gold has started to pop–up 1.80–I just pray to Vishnu that it lasts for more than 3 minutes

The reason this is soooo bullish is cause. gold opened up last nite. about 4.50 then was stopped and sent back to. unch. where it. lingered all nite until about 10-15 minutes. ago——-in front of Wed’s most highly. telegraphed FED rate cut move in history–I’d be happy to end the day up. a measly 4 or 5 smackers…wouldn’t you–I will be especially happy to see PM shares/etfs outperform comex gold tody–that’d. be a good sign…

9:20–now. up  2:30

However, this latest news about the non-renewal of the CBGA is important because it is the best evidence yet that there most likely is an unpublished agreement among the participating European central banks not to buy any gold, but that this private agreement not to buy gold is now being torn up. Which would mean that open season for central bank gold buying is about to begin.

Now that it seems to be open season for central banks in Europe to begin buying gold, the ECB still has an input on the subject, saying its governing council update, also 26th July, that the decision not to renew the CBGA “is without prejudice to each national central bank’s competences regarding the management of its own gold reserves.”

The CBGA member press releases acknowledge the eagerness to buy gold, saying that “central banks and other official institutions in general have become net buyers of gold” and that “the signatories confirm that gold remains an important element of global monetary reserves, as it continues to provide asset diversification benefits.”  The Swiss National Bank press release adds some flavor claiming that the “gold agreement [is] no longer necessary due to changes in market conditions and in central bank activities.”

As none of the CBGA cartel central banks “currently has plans to sell significant amounts of gold“, has it been a case of gold buying envy as Russia, China and the even Poland and Hungary have piled into the yellow metal? It would certainly seem so.

The press release from the ECB can be read in pdf format here, from the Swiss National Bank (SNB) in pdf format here,  and from the Swedish Riksbank in pdf format here.

https://www.zerohedge.com/news/2019-07-28/not-renewing-cbga-central-banks-europe-are-ready-buy-gold

Getting a head of steam up…   The Strasburg steams thru Pennsylvania dutch country.
http://www.railpictures.net/photo/689568/