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Cours Or & Argent

Gold repatriation chart and the similarity to the 2008 liquidity crisis

IMG Auteur
Publié le 30 décembre 2014
287 mots - Temps de lecture : 0 - 1 minutes
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SUIVRE : Comex Dollar
Rubrique : Marchés

The control boyz would probably love to have gold close the year below 1180 (the 2013 low). They have two days in which to do so. Yesterday they probed 1178 and gold held and got a reaction back to the 1190 area and as enter the COMEX open, keep in mind that the markets are going to be very thin and open to stop clearing.

I know the repatriation of other nations for their gold has drastically increased. The chart below shows the situation. Note the withdrawals occurring in a similar manner as what developed during the 2008 crisis where the control boyz almost lost the entire financial structure in a deflationary event. While one would think that this is very bullish, but it is important to remember that gold dropped from 1006 to 681 along with all assets during that liquidation as margin calls in many assets created a rush to sell whatever was available. This also caused a huge spike in the US dollar. With gold withdrawals of this level again occurring and with the huge spike in the US dollar, should we expect something different? Perhaps....but perhaps not ! Abd what about the Cyprus bank run? Was that bullish for gold? No......it sold off hard. Let's go to the short term Tuesday action.


Gold Foreign held by NY Fed

24hGold -  Gold repatriation c...



In order to favor higher prices in today's action, gold must get above that upper line around 1193 and it must get above the Monday high in the 1198-1200 area. Support is the 1183 area and at 1177 (near the low from yesterday). If we don't hold that area odds favor a move to 1167-1172 and potentially the 1155-1163 area. 

Gold 15 minute price chart

24hGold -  Gold repatriation c...



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