Australia's largest stock trading and investment forum Australia's #1 stock forum

GOLD

0.51%

$1,391.7 gold futures

gold, page-56890

First 56890 Last

Share
Profile

Follow
Crom Valen

44,246 Posts.

2012

11/10/19

08:32

Post #: 40827665
Share

Originally posted by sydneyguy ↑

seems big jack up in long term rates last night..... I think Fed Member during his interview last night was saying it was about 155today -

this morning despite repo fix its 166!

In % terms that's pretty major but reality is I think a lot of markets are thinly traded which is best reflected by the fact that a tweet or report of anything trade related can sent equities, rates and FX flying around in big moves

Gold belted back from bull market line 1511.50 line on three attempt followingby a sting of headlines

Eu agree on a mechanism to fund futures problems in the EU area -no details of how much is to be paid or when but the fund will be used in cases of future economic shocks

Trump confirms reports earlier in the day he is meeting with Lui in White house, something that when first reported yesterday at 11 AM saw our local market surge significantly off lows to the days high in minutes

then

UK and Ireland find pathway forward on Brexit...….

rates rose globally , equities up on thin trade, FX moves pretty big in some, even oil was up big on % terms on some opec commitment to talk on future supply.

Go figure - GDXJ up, Apple up after making up with China, Boeing despite additional grounding of another model barely a scratch and American Airlines after issuing a note on the costs to earnings up

The other big move down was Trumps poll numbers to which he blasted Fox News saying his biggest supporters are no longer serving USA now and he appointed some other outlet which had favourable numbers as the new place to go -

So until the next tweet I guess..

Oh wait. its out China trade Talks going very well...…

Personally I think China just buy the Ag products in a "mini" deal it so desperately needs like Soy beans and Hogs, Trump heralds that as major agreement and deals the upcoming 5 % tariffs and we continue on its all fixed until the earnings report start to flow which wont show the stella growth still seeming priced into most forecasts...….

Expand

Personally I think China just buy the Ag products in a "mini" deal it so desperately needs like Soy beans and Hogs, Trump heralds that as major agreement and deals the upcoming 5 % tariffs and we continue on its all fixed until the earnings report start to flow which wont show the stella growth still seeming priced into most forecasts...….

Yes, this will undoubtedly be it, if anything.
Tariffs will remain in place but the upcoming ones will be suspended.
All major issues will remain unresolved, ready to flare up again in due course.
1 Upvote

0 Great analysis

Reply

Top Stories

RAD

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

SGP

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

PAM

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects