Hi Slange and All, There are few things going on this week that...

Hi Slange and All,

There are few things going on this week that may be of interest to the Gold enthusiasts on these threads.

The Shanghai Gold market is closed for a holiday today 5^th of May but will be open for trade on the 6^th of May.

The Bank of Japan will release their policy meeting minutes on the 7^th of May.

The USA Fed will announce its decision on interest rates on the 8^th of May. The general consensus is for holding; however, it will be interesting to see if there was some reason for Mr. Trumps U-turn regarding Mr. Powell.

The same date 8^th of May (V.E. Day) the Bank Of England will give their Monetary policy Report.

It sounds like the current tariff war is starting to bite in some quarters and who knows what the next USA shoot from the hip policy will bring.

As I write here from the UK and most major Gold and other markets closed, I notice Gold has quietly slipped over the US $3,300.00 level once more.

Despite the delight from our NZ resident Gold pessimist at the recent slight price pull back I remain more than happy with the overall Gold price.

The fact is Gold is showing a 44% price increase over the last twelve months!!!

We don’t know if the Chinese will enter the Gold market with a bang after their little break; however, I am sure there will be plenty of other financial shenanigans happening to keep the Gold price simmering along.

We are certainly living through some interesting times.

Cheers