China is making preparations to take over the dollar, in a hardened attempt to make the Chinese yuan the new world’s reserve currency. According to the World Gold Council China has been accumulating gold in mass, for the sole purpose of backing it’s national currency with the precious metal to put a sound money system into place for the next world’s reserve currency.
Bearish game changer for US dollar.
BEIJING, Sept 11 (Reuters) - CME Group Inc will launch a physically deliverable gold futures contract in Hong Kong later this year to capture growing hedging and investment buying in the Asian region, a senior executive of the exchange said on Thursday.
China's planned global gold exchange has signed up more members than targeted, as foreign banks, trading houses and refiners seek direct access to the world's top PHYSICAL gold consumer, Reuters reported last month.
London Bullion Market Association and US Gold Futures market are paper gold trades,real pricing of GOLD will be done in China a completely different relationship between paper gold trading and physical gold trading.
testing Dec. 2013 low's,monthly chart closing price double bottom has started, Dec. monthly chart closing price 2.53 ,OBV indicator much higher now then in Dec. 140 million shares higher,selling momentum WEAK.
The latest statistics on the COMEX gold stocks show that the amount of gold in the “Registered” category is at a record low level. Gold has been draining away at an astonishing speed in 2013 and the trend seems to continue in 2014. In particular, the gold stock in the “Registered” category went from 2.6 million ounces to 0.42 million a year ago, which is a sharp fall of 85%. Chart courtesy: Sharelynx.
What does this trend mean in the context of the COMEX futures market which already reached extremes lately, i.e. commercials net long currently vs speculators lowest net long position ever? Based on historic data, David Morgan believes it usually means the commercials win and the speculators in the “specs” category (i.e. trading funds) lose. This has been proven again and again, it is a function of when contracts are closed or “settled”. The Futures market is a zero sum game, someone wins someone loses, it is that simple. The trading funds on a net basis – lose! Therefore, the current “set-up” implies that gold will go higher and even if some of the eligible gold is held by the
Obama while on vacation at Martha's Vineyard has lifted longtime restrictions on Libyans attending flight schools in the United States and training here in nuclear science what timing. Look it up for yourself.
GOLD trading volume this past week was more then double the 12 month average the last time it was this high was June 2013.Trading pattern for GOLD starting to show change with price volatilely for the week on the low end 22 pts., price of GOLD closing up on the weekly & monthly chart.
Gold took a little detour off the climax pt. 1306.96 bought more HMY under $3
All about the weak dollar in 1980 dollar index was at 160 in 2001 at 120 today 82 one big down trend not good for dollar buying power need more dollars to buy the same thing. Stock market is a reflection of the weak dollar the lower the dollar value the higher the market goes. US dollar has big problems .
GOLD in a bullish 14 month price consolidation pattern, dead center is 1306.96. that's the climax point. GOLD price's closing just above and below the climax point for the past 8 day's, technical pattern nearing climax. GOLD mining stocks are at bargain price's ready for a bullish move. Dollar index closed Friday at 81.43, July 2001 it was at 121.00, historic low was made July 2008, 70.79.DOLLAR LOSING VALUE. Less
On the night of April 12, 2013, Travis County District Attorney Rosemary Lehmberg, head of the Texas Public Integrity Unit, and Democrat, blew a .238 blood alcohol level after being stopped by police and then arrested. Her blood alcohol level was almost certainly higher while she was driving: she refused to take the test, even refusing to take the field sobriety tests; so her BAC wasn’t tested for over an hour after her arrest. In video, she can barely stand; when driving, she weaved so far that she entered both the bicycle lane and the oncoming traffic lane. She lied to the arresting officer about her drunkenness, tried to convince every officer she came in contact with that her political stature and connections entitled her to be let go, and threatened that she would use her office and connections to punish them if they did not.
"Don’t you know who I am? I’ll have you all in jail. I’ll have all your badges."
GOLD in a bullish 14 month price consolidation pattern, dead center is 1306.96. that's the climax point. GOLD price's closing just above and below the climax point for the past 8 day's,technical pattern nearing climax.GOLD mining stocks are at bargain price's ready for a bullish move. Dollar index closed Friday at 81.43, July 2001 it was at 121.00, historic low was made July 2008, 70.79.DOLLAR LOSING VALUE.
Technicals made a strong improvement at around 8 AM, even with GOLD down over $10 one minute intraday chart OBV indicator broke ABOVE yesterday's high , GOLD price down but the indicator going higher,OBV indicator signals accumulation on price pull back. BULLISH
GOLD @ 1315 back above 1 year price consolidation climax pt. 1306.96, two day technical test, market great at shaking out weak hands. ALL gold stocks up responding to technical test at the same time, WOW
What the Federal Reserve & US Government have in store for the American people.
Globalist Conspiracy Plans for The New World Order on YouTube it will make you think about what's going on in the country.
GOLD price pull back testing a key technical area,1 yr. price consolidation climax point 1306.96.Simular to a price double bottom, second bottom testing earlier made relative low sometimes there week's apart other times year's apart then the price goes up.
OBV indicator confirms technical test as.bullish or bearish. Weekly GOLD chart OBV indicator at the same value it was when GOLD traded in the 1600's back in 2012,today GOLD closed 1306.40 a lot lower in price but the indicator is a lot higher. OBV signals BULLISH climax point test.
1 year GOLD price consolidation pattern price high 1433.73,price low 1180.20, price consolidation center climax point 1306.96.Testing climax point today with intra low 1303.28. GOLD trading time 10.33 price 1307.13
BULLISH TEST ACCUMULATE
The retailer’s parent company, which also owns Kmart, has closed 300 stores since 2010, Reuters said. It has also spun off its Lands End division and recently said it is looking to sell its 51 percent stake in Sears Canada.
The news comes as Sears posted a $402 million loss in its first quarter of 2014, compared to a loss of $279 million the prior year.
Big problems with economy ,17.5 trillion debt, US Dollar index dropping to 80.19,dollar in big trouble
Friday, 24 January 2014 07:26 Brandon Smith
The private account confiscation in Cyprus was a test, a soft rollout by global banks designed to condition the public in preparation for future seizures of personal wealth. It would seem that Japan may become the next stage in the conditioning program...
Infamously saddled with a public debt that is running at an eye-watering 214 per cent of GDP, the Japanese government is planning to raid dormant private bank accounts to boost its bottom line.
The ruling Liberal Democratic Party and its main ally in government, New Komeito, are planning to submit a bill to allow the government to access bank accounts that have not been touched for 10 years or more. The funds would be used for welfare and education projects.
US 17 trillion plus debt and growing guarantees will have something similar, governments are getting desperate.