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I'm wondering who is the big fish.

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equityma

1,018 Posts.

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21/07/16

13:04

Post #: 18327120
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Originally posted by equityma ↑

What's happened.
Everyone says gold is facing a technical correction and they flood their money in risky stocks to take advantages in earnings season.
PKA is suitable in this category whereas its earning is still in doubt.
. Lower Yuan lower AUD. positive
. Higher USD higher HKD. positive
. High GBP and high chance of a returning QE2 rather than a rate cut. positive

I still keep my bullion because of some uncertainties.

1. UK consumers are buying bullion because
- a fear of a housing collapse following major investment outflows in commercial properties.
- a fear of a recession if BOE doesn't fast track enough QE2 and a possible ZIRP rate that could devalue the pound.

If people think Brexit is not a problem so why should BOE lowered its banks reserve requirement ratio in light of a failed stress test from Deutsche bank. It's liquidities concerns

Why didn't BOE cut its benchmark rate to 0.25% where the US Fed Fund Rate is at 0.50%. If London rate is lower than the US Repo rate how would London banks willing to borrow from the US to increase liquidities where the economy is highly in debted because of the housing boom. It's liquidities concerns

Japan
Japanese are buying bullion to take advantage of a higher Yen as a purchasing power.

Turkey coup
Turkish is damaging the Nato ties with the US and the flood of new migrants are worrying the European Union.

Turkish shut the US air operation which controlled Irag, Iran and Syria. What will happen if the US decide to withdraw its troop out of Turkey.

Trump fear
This is another Trumxit and gold will shoot more than the Brexit thing.
European Union and Americans will say Brexit is a righteous decision. Do not let the sickening minds for a luster of war from middle people to damage their sovereignty.

South China sea
Immediately China activated its war/ rockets training at sea a couple of days after the US decision to favor Indonesia claim.

Will China devalue its currencies once again.
It's all depending on the Trumxit in September and the world trade renewal at December for its commodities trading flatform and the join Marine navigation between the US, Australia and Japan to stabilize the south china sea.

Every country is ready to cut rate to spur exports that's why they're more happier to take on any free trade agreements but geopolitical risks rise a bar for a potential trade war, a currency crisis where gold bullion is a must to hold for now.

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I'm wondering who is the big fish.

PKA Price at posting: 5.4¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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I'm wondering who is the big fish.

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