Thank you very much or your detailed explanations on Gold. It was very informative.
I am trying to better understand the potential paradyme shifts in the gold market. I believe that the Gold leasing is what is causing the paper markets to determine the gold price rather than the physical markets. In your reply yesterday, you stated there were gold call deliveries from late November to late January.
Was this an anomaly or will we see more of this?
I have come to understand that the Shanghai Gold exchange is becoming the dominant player and will over the COMEX and LME. At some point, weeks will happen in days and Gold balsts off as price will be dictated on the Shanghai exchange.
Yet you just stated that Bessnet prefers a stronger USD$ while there is strong bearishness amongst the investment community on the USD$.
Further, starting July 1st, banks can use Gold as a Tier 1 asset and it is already the second largest reserve amongst banks abd with ever increasing USD debts, I only see Gold rising except that the paper markets continue manipulating the price.
I am trying to better understand in what inning we seem to be where the paper markets no longer determine the price of gold and gold delieveries will be called more and more.
If any of my assumptions are incorrect, please highlight them.
Thought you might enjoy this interview while watching your screens today:
Victor Davis Hanson Interviews David Mamet author of:
“The Disenlightenment
Politics, Horror, and Entertainment”
Mamet’s concept of the Open City and Hansen’s perspective on Trump vs. Iran
First 5 min is commercials
https://www.youtube.com/watch?v=dg2oEuBHcK4
Always enjoy hearing from Mamet. Thank you for the link, James.
JJ, another succinct analysis, thank you for your work product.
all the best
m
Came for the breakdown, stayed for the Bolger - Garland duet. Perfect.
Hi JJ,
Thank you very much or your detailed explanations on Gold. It was very informative.
I am trying to better understand the potential paradyme shifts in the gold market. I believe that the Gold leasing is what is causing the paper markets to determine the gold price rather than the physical markets. In your reply yesterday, you stated there were gold call deliveries from late November to late January.
Was this an anomaly or will we see more of this?
I have come to understand that the Shanghai Gold exchange is becoming the dominant player and will over the COMEX and LME. At some point, weeks will happen in days and Gold balsts off as price will be dictated on the Shanghai exchange.
Yet you just stated that Bessnet prefers a stronger USD$ while there is strong bearishness amongst the investment community on the USD$.
Further, starting July 1st, banks can use Gold as a Tier 1 asset and it is already the second largest reserve amongst banks abd with ever increasing USD debts, I only see Gold rising except that the paper markets continue manipulating the price.
I am trying to better understand in what inning we seem to be where the paper markets no longer determine the price of gold and gold delieveries will be called more and more.
If any of my assumptions are incorrect, please highlight them.
Thanking you very much for your insights.
Frank
Thanks for your insights
If anyone is interested in Fed day seasonals, here you are
https://x.com/Trade_Seasonals/status/1935326634879434795