{quote} I love watching the trades in here. It's hilarious and a delightful distraction.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
Cable Update (GBPUSD)
- #785,961
- Oct 25, 2023 1:29pm Oct 25, 2023 1:29pm
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
- #785,962
- Oct 25, 2023 1:30pm Oct 25, 2023 1:30pm
{quote} {quote} In that case, I better close all long position now. I hate to see you run amok in here and get suspended.
We all know that there are numerous reports concerning DXY, EUR, GBP etc., but WHAT REPORT moves GOLD?
I know that it's supposed to be a "hedge" against inflation but wasn't Bitcoin supposed to surplant that?
What do they do with Gold in the future Pat?
- #785,963
- Oct 25, 2023 1:34pm Oct 25, 2023 1:34pm
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
{quote} Better than Netflix or/and xhamster.com combined ?
in wondering about yourself, you forgot what you came here to be part of
- #785,965
- Oct 25, 2023 1:47pm Oct 25, 2023 1:47pm
- | Membership Revoked | Joined Nov 2022 | 1,789 Posts
sells at 1.2156 looks good tight stop and LOD target..
- #785,966
- Oct 25, 2023 1:55pm Oct 25, 2023 1:55pm
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #785,967
- Oct 25, 2023 1:58pm Oct 25, 2023 1:58pm
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
{quote} Hey Pat, We all know that there are numerous reports concerning DXY, EUR, GBP etc., but WHAT REPORT moves GOLD? I know that it's supposed to be a "hedge" against inflation but wasn't Bitcoin supposed to surplant that? What do they do with Gold in the future Pat? {image}
The Council forecasts that Chinese gold demand will reach 1,400-1,500 tonnes in 2023, up from 1,343 tonnes in 2022.
Gold has a wide range of applications beyond jewelry.
Gold is also used in electronics, medical devices, and even in food and beverages.
For this context of discussion, gold is often purchased as an investment.
Gold is seen as a safe haven asset, and its price tends to rise when economic conditions are uncertain.
Back to China gold shopping :
If China continues to buy gold at a high rate, it is likely to continue to support gold prices.
However, it is important to note that China's gold buying is just one factor that is influencing gold prices.
Other factors, such as inflation, interest rates, and geopolitical tensions, are also playing a role.
And as you may know, that China holds a large amount of US dollars in its foreign exchange reserves.
To diversify its foreign exchange reserves.
Gold is seen as a way to diversify these reserves and reduce risk.
Or in case Uncle Sam decide to devalue or screw China,
Other factors likely ;
Geopolitical uncertainty.
The ongoing war and other geopolitical tensions have created uncertainty in the global economy.
Weakening US dollar.
The US dollar has weakened against other currencies in recent months, which makes gold more attractive to investors outside the United States.
Concerns about inflation.
Inflation rates are at a 40-year high in many countries, and investors are buying gold as a way to protect their wealth.
Increased demand from central banks.
Central banks around the world have been increasing their gold reserves in recent years, as they see gold as a safe haven asset and a hedge against inflation.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #785,968
- Oct 25, 2023 2:03pm Oct 25, 2023 2:03pm
- | Membership Revoked | Joined Nov 2022 | 1,789 Posts
- #785,970
- Oct 25, 2023 2:07pm Oct 25, 2023 2:07pm
- Joined Oct 2019 | Status: Trader | 2,448 Posts
Master your mind. Master Trading.
- #785,971
- Oct 25, 2023 2:12pm Oct 25, 2023 2:12pm
- | Membership Revoked | Joined Nov 2022 | 1,789 Posts
trade well see u later...
- #785,972
- Oct 25, 2023 2:18pm Oct 25, 2023 2:18pm
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
{quote} Hey Pat, We all know that there are numerous reports concerning DXY, EUR, GBP etc., but WHAT REPORT moves GOLD? I know that it's supposed to be a "hedge" against inflation but wasn't Bitcoin supposed to surplant that? What do they do with Gold in the future Pat? {image}
From where I came from I see this, as target
GOLD
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #785,973
- Oct 25, 2023 2:23pm Oct 25, 2023 2:23pm
- Joined Dec 2015 | Status: Trader | 2,290 Posts
Trendlines H1,H4, SMC
- #785,974
- Oct 25, 2023 2:28pm Oct 25, 2023 2:28pm
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
in wondering about yourself, you forgot what you came here to be part of
- #785,975
- Oct 25, 2023 2:29pm Oct 25, 2023 2:29pm
- Joined Sep 2008 | Status: Trader | 2,275 Posts
{quote} Dude, seriously what is your problem? Worry about YOUR trades will ya? If you don't like someone's style then hit the IGNORE button but don't pollute the thread with hate man! What are you like a Russian Hamas agent - so much hate ...
- #785,977
- Oct 25, 2023 2:37pm Oct 25, 2023 2:37pm
- Joined Oct 2020 | Status: Trader | 14,004 Posts
Insane in the Brain..
- #785,978
- Oct 25, 2023 2:39pm Oct 25, 2023 2:39pm
- Joined May 2020 | Status: Best trader ever to exist ever | 10,698 Posts
{quote} {quote} In that case, I better close all long position now. I hate to see you run amok in here and get suspended.
- #785,979
- Oct 25, 2023 2:45pm Oct 25, 2023 2:45pm
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,353 Posts
{quote} I love watching the trades in here. It's hilarious and a delightful distraction.
- #785,980
- Oct 25, 2023 2:48pm Oct 25, 2023 2:48pm
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,353 Posts
{quote} No need for the plants when you can just breath the air in here. Full of ink fumes from all the pretty scribblings on charts. Moty, get off the phone with your therapist; Your broker is trying to call you about your margin.
