How is President Trump doing? With a one being worst and a ten the best.
Total Voters: 36
Loading ...All the typical currencies are priced in US Dopey/Dollars, on the futures market. So they ALL go op[posite the Dollar. But we never see Yuan on that thing. The only way you can see the fixed Yuan in priced in Gold, USD and Yuan Gold is practically exact.
https://www.kitco.com/gold_currency/index.html?currency=cny&timePeriod=1y&flag=gold&otherChart=no
Maybe its a coming buyout? Or maybe higher Copper is helping it? I think all their mines are local. Not in Indonesia Mali etc.
It broke out on the upper side of a pennant formation:
https://finviz.com/quote.ashx?t=tgb&ty=c&ta=1&p=d
https://finance.yahoo.com/quote/TGB/community?p=TGB
like existed between the US & EURO …..opposite CYCLES that rotated currency ..I used to buy CDS denominated in EUROS ,then as the reversed currency trends ,I switched to US DOLLAR cd’s ..I made 20 % going each way even when the CD only paid 2 % interest .The currency exchange rate followed a NICE CYCLE . If CHINA would agree it could benefit both TRADING PARTNERS to enter an agreement..!like we had with the EURO for YEARS .I dont know if it was an official agreement ,but I noticed it and traded both ways with a simple cd…
LOOK at your own chart you posted the 2018 PEAK and TROUGH between EURO & DOLLAR I traded that for years ..nice easy money, no trading just buy the right CD opposite the dollar ,then reverse course…HEHE and get paid for waiting !
The Seasonal GOLD CHART heads up any any DAY NOW !……best Season of the year begins NOW ..stay the course !
6:18 PM ET, 08/28/2020 – Reuters
Aug 28 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies, including BRP, Canadian Imperial Bank of Commerce and Toronto-Dominion Bank on Friday. HIGHLIGHTS * BRP Inc : RBC raises target price to C$78 from C$66 * Canadian Imperial Bank of Commerce : TD Securities raises PT to C$120 from C$110 * Fortuna Silver Mines Inc : PI Financial raises to buy from neutral * Midas Gold Corp : PI Financial cuts to neutral from buy * Toronto-Dominion Bank : National Bank of Canada raises target to C$71 from C$68 Following is a summary of research actions on Canadian companies reported by Reuters on Friday. Stock entries are in alphabetical order. * Auryn Resources Inc : PI Financial cuts target price to C$3.10 from C$3.15 * Battle North Gold Corp : TD Securities resumes with speculative buy rating * Battle North Gold Corp : TD Securities resumes with C$2.75 vs C$2.50 PT * Bluestone Resources Inc : PI Financial cuts target price to C$4.10 from C$4.15 * Bonterra Resources Inc : PI Financial cuts target price to C$2.25 from C$2.8 * Boralex Inc : Scotiabank cuts target price to C$38.75 from C$39 * BRP Inc : RBC raises target price to C$78 from C$66 * Brp Inc : TD Securities raises target price to C$85 from C$74 * Brp Inc : TD Securities raises to buy from hold * Canadian Imperial Bank of Commerce : BMO raises target price to C$110 from C$95 * Canadian Imperial Bank of Commerce : Credit Suisse raises PT to C$102 from C$95 * Canadian Imperial Bank of Commerce : National Bank of Canada ups PT to C$107 from C$99 * Canadian Imperial Bank of Commerce : RBC raises target price to C$110 from C$95 * Canadian Imperial Bank of Commerce : Scotiabank raises target to C$112 from C$111 * Canadian Imperial Bank of Commerce : TD Securities raises PT to C$120 from C$110 * Docebo Inc : Cormark Securities resumes coverage with buy rating; target C$56 * Docebo Inc : TD Securities resumes coverage with buy rating and target of C$60 * Endeavour Silver Corp : PI Financial raises target price to C$4.8 from C$3.7 * Ero Copper Corp : PI Financial raises target price to C$21.70 from C$19.50 * Excellon Resources Inc : PI Financial cuts target price to C$1.45 from C$1.5 * Fortuna Silver Mines Inc : PI Financial raises target price to C$10 from C$8.6 * Fortuna Silver Mines Inc : PI Financial raises to buy from neutral * Gogold Resources Inc : PI Financial raises target price to C$2.2 from C$2.15 * Great Bear Resources Ltd : PI Financial cuts target price to C$20.5 from C$21 * Great Canadian Gaming Corp : Cormark Securities cuts target to C$34 from C$35 * Gt Gold Corp : PI Financial raises target price to C$3 from C$2.9 * Integra Resources Corp : PI Financial raises target price to C$7.5 from C$6.75 * Jaguar Mining Inc : PI Financial raises target price to C$9.65 from C$8.5 * K92 Mining Inc : PI Financial raises target price to C$10 from C$8.25 * Mag Silver Corp : PI Financial raises target price to C$26.5 from C$25 * Metalla Royalty & Streaming Ltd : PI Financial cuts to neutral from buy * Metalla Royalty & Streaming Ltd : PI Financial raises target to C$10 from C$9.25 * Midas Gold Corp : PI Financial cuts to neutral from buy * Nighthawk Gold Corp : PI Financial cuts target price to C$2.95 from C$3 * Oceanagold Corp : PI Financial cuts target price to C$5.5 from C$5.75 * Pan American Silver Corp : PI Financial raises target price to C$54 from C$48 * Pan American Silver Corp : PI Financial raises to buy from neutral * Pinnacle Renewable Energy Inc : TD Securities initiates with buy recommendation * Pinnacle Renewable Energy Inc : TD Securities initiates with target of C$9.50 * Revival Gold Inc : PI Financial cuts target price to C$1.35 from C$1.40 * Silvercorp Metals Inc : PI Financial raises target price to C$10 from C$9 * Silvercrest Metals Inc : PI Financial raises target price to C$17.25 from C$17 * Superior Gold Inc : PI Financial cuts target price to C$1.1 from C$1.15 * Toronto-Dominion Bank : Canaccord Genuity raises target to C$64 from C$60.50 * Toronto-Dominion Bank : National Bank of Canada raises target to C$71 from C$68 * Toronto-Dominion Bank : RBC raises target price to C$69 from C$61 * Treasury Metals Inc : PI Financial cuts target price to C$2.05 from C$2.10 * Tricon Residential Inc : BMO raises target price to C$12.50 from C$12 * Tricon Residential Inc : Scotiabank raises target price to C$12 from C$11.50 * Victoria Gold Corp : PI Financial raises target price to C$23 from C$19 * Wesdome Gold Mines Ltd : PI Financial raises target price to C$14.3 from C$14.10
My guess is the Dollar is in a short term temporary bounce, two weeks so far, and might even start dropping tomorrow. Keep in mind Dollar and Yuan are pegged. So dropping the dollar to help us export also helps the US corporations harbored in China, export from china too. In a sense USA and China are ONE big global vendor. But are they 50/50 or 25/75? It would be interesting to find out the export ratio of both countries, but not in Dollars or Yuan but in the bottom line, man hours of labor instead.
Down here you can see higher Dollar/Yuan for TWO years to help other countries export. Then second leg Dollar/Yuan DOWN for ONE year, 2018 low. Then a TWO year climb to early 2020.
So in my view its NOT VERY likely they will drive Dollar/Yuan back up after such a short term leg only 6 months down. March thru August. Just a 2-3 bounce up in a down trend. Soon it should turn tail and continue down, so we can ladder up on positions as Dollar drops back under 82 and $2300 Gold and $40 Silver.
Despite a strong dollar and a very weak stink market – kudos
Its got to weaken to get trade advantage and preserve jobs ,at least until the Domestic economy improves .
Then its got to remain strong to maintain the advantage as world currency reserve ..so it can print money to buy what it needs.
ALL this means is less dependence on imports and more on domestic growth ….sounds like a plan to me….!
China needs to do the same ! having the opposite problem.! slow down domestic growth and debt financing .
US wants inflation ,China needs deflation ..”Oh the tangled web we weave,when first we practice to deceive “Shakespeare…Walter Scott…
Tesla Crashes 12% On S&P Snub While Analysts Question Profitability, Demand And Liquidity
https://finance.yahoo.com/news/bonterra-energy-corp-announces-extension-014700528.html
I should have dumped this one years ago. Isn’t it expensive to list on the Amex? I would think this would be for successful companies. EXN ain’t it.
Looks like the Stink Market may be in for a pre election smackdown, and pm’s may not be immune.
USD in rally mode again. See if the shares can pull off another late day rally.
The morning Ski Train turns around on the wye
at Fraser and parks, awaiting the evening return
trip to Denver.
https://railpictures.net/photo/738373/
ISLAMABAD (AP) — Pakistan is seeking the reversal of a $5.8 billion penalty imposed by an international tribunal for denying a mining lease to an Australian company, saying that paying the fine would hinder its handling of the coronavirus pandemic.
The Reko Diq district in southwestern Pakistan’s Baluchistan province is famed for its mineral wealth, including gold and copper. Prime Minister Imran Khan’s government considers it a strategic national asset, though instead of yielding a bonanza the Reko Diq mining project may cost the country dearly.
The World Bank’s International Center for Settlement of Investment Disputes is considering Pakistan’s appeal against enforcing the penalty over its cancellation of the Reko Diq mining lease for Tethyan Copper Corp., a 50-50 joint venture of Barrick Gold Corp. of Australia and Antofagasto PLC of Chile.
Only so many motorcycle parts…
