Hmmm - this story is several months old and lots of ifs and maybes.
Anyone any idea of any developments.
Laughton (currently very long of gold and silver)
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Gold
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stevewhitaker
- Posts: 8
- Joined: November 4th, 2016, 11:12 am
Re: Gold
this wont affect the price of gold IMHO, what does affect the price of gold it two fold,
1 - the real interest rate in the currency you are pricing the metal in, usually USD.
2 - the dollar index, measured by US ticker DXY.
When the real interest rate is negative and falling then gold goes up.
When DXY is falling gold goes up.
If you want a "proxy" to buying then look at the holdings of US ETF GLD, as it is big and backed by physical gold.
Regards
Steve W
1 - the real interest rate in the currency you are pricing the metal in, usually USD.
2 - the dollar index, measured by US ticker DXY.
When the real interest rate is negative and falling then gold goes up.
When DXY is falling gold goes up.
If you want a "proxy" to buying then look at the holdings of US ETF GLD, as it is big and backed by physical gold.
Regards
Steve W
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