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Shen Yao (Miracle Medicine?): New Beginning!
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akasa888
Veteran |
28-Jul-2021 18:31
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China sees strong gold demand in the first half of 2021 while India still struggles &ndash Commerzbank Neils Christensen Tuesday July 27, 2021 15:20
Kitco News Share this article: Editor' s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today' s must-read news and expert opinions. Sign up here! 
(Kitco News) - Commodity analysts at Commerzbank are watching the growing divide in the world&rsquo s two largest physical metal markets. China saw strong demand in the first half of the year. At the same time, India struggled with its COVID-19 pandemic, which weighed on precious metal demand. Quoting trade data from the Chinese government, the German Bank said that nearly 31 tonnes of gold on a net basis was transported from Hong Kong last month. &ldquo This was nine tons more than in May, and the second-highest figure since December 2019,&rdquo said Carsten Fritsch, precious metals analyst and author of the latest report. Commerzbank noted that more than 130 tonnes of gold were moved to China from Hong Kong in the first half of the year. At the same time, more than 100 tonnes of gold were shipped from Switzerland to China in the first six months of 2021. &ldquo China&rsquo s buying interest is likely to have been boosted in June by the significantly lower prices in the second half of the month after prices in China had still been trading at a noticeable discount on the international price at the start of the month,&rdquo Fritsch. While China sees a pickup in demand, Commerzbank noted that Indian demand remains weak. The nation imported only 16.5 tonnes gold last month, an increase of 5 tonnes compared to May. &ldquo The price fall in mid-June and the lifting of the coronavirus restrictions do not appear to have rekindled any buying interest,&rdquo Fritsch said. &ldquo Domestic gold traders have even been forced of late to grant more generous discounts on the local gold price.&rdquo
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akasa888
Veteran |
28-Jul-2021 18:16
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The last time bond yields were this negative gold price was at $2,000 &ndash Credit SuisseNeils Christensen Tuesday July 27, 2021 15:02
Kitco News Share this article: Editor' s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today' s must-read news and expert opinions. Sign up here! 
(Kitco News) - The gold market can only ignore falling bond yields for so long. It could be only a matter of time before gold prices turn back towards $1,900 an ounce and its all-time highs from last year, according to Credit Suisse. Gold prices have struggled to hold support around $1,800 an ounce as the precious metal is seeing little benefit from new lows in real interest rates. Tuesday real yields in 10-year notes fell to -1.12%. Commodity analysts at Credit Suisse noted that real yields are lower than levels observed last year when gold prices were trading around $2,000 an ounce. " The lower real rate is being driven by increased demand for inflation-linked Treasury bonds amid concerns on the delta variant' s impact on U.S. economic growth," the analysts said. " It appears that gold prices have decoupled somewhat from the TIPS yield in recent weeks, but we do not expect this to last, suggesting near-term upside for gold. We continue to forecast gold prices ending 2021 at $2,000/oz." Given the current market conditions, including the U.S dollar index trading below 100 points, the analysts at Credit Suisse said that gold' s fair value is currently around $1,914 an ounce, representing roughly a 6% increase from current prices. The Swiss bank said that the key to renewed gold demand would be the Federal Reserves' monetary policy statement. Analysts have noted that any talk of the central bank reducing its monthly bond purchase program could end up pushing gold prices lower however, a dovish tilt to the monetary policy statement and comments from Federal Reserve Chair Powell during the press conference could lift gold prices off of support at $1,800 an ounce. Analysts at Credit Suisse said that the monetary policy risks lie to the dovish side. " We anticipate continued accommodative policy for some time," the analysts said. While falling bond yields remain an important driver for gold prices, Credit Suisse added that the precious metal remains an attractive portfolio diversifier against extreme global leverage and the growing popularity of cryptocurrencies. Although gold' s price action has been relatively lackluster recently, Credit Suisse noted that it is still generating significant value for the mining sector. The bank reiterated that its top picks in the mining sector are: Agnico Eagle, Barrick, Endeavour Mining, Kinross, Newmont, and Yamana Gold.
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akasa888
Veteran |
28-Jul-2021 13:22
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Not only on gold price, it will rocket up once they announce the discovery and the operations of the new gold mine at Tarnagulla
Maybe, they may find more than one
This is the announcement that I am looking forward to, hold tight, be patient.
It will definitely come. Great reward coming your way
By the time when the announcement is made, there is no way to chase it and you will miss the opportunity of a lifetime
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black_white
Master |
28-Jul-2021 12:41
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Correct. There is always a tipping point. The relationship between gold price and this stock is not proportionate, but it exists. It depends on where is the tipping point.
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akasa888
Veteran |
28-Jul-2021 12:13
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Gold price is quite steady, now trading at 1806.5. The FED reserve Chairman, Powell is scheduled to speak this afternoon(US time. about 2am Spore time)
This time, it may be good for gold because with the rising Covid cases, US economy recovery is still a big question mark
If the price stays at the 1800 range, it will not have much of an impact on gold mining stock.
To have an impact, gold price need to go above 2000
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abimalik
Member |
28-Jul-2021 11:36
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Many will rush in to buy gold stocks when gold price ATH again. Not the gold profits make share price high but people rushing in to invest gold mining shares.
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abimalik
Member |
28-Jul-2021 11:32
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Depends how the gold price move. if gold price break record high example $3K usd per ounce or even higher. That' s seems like reason buffet invested in gold mining stocks.
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black_white
Master |
28-Jul-2021 11:19
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Bro, this is like building a software using algorithms. For algorithms to be successful, you need to keep tweaking it and updating it. So the data analytics will have to be able to discern patterns and keep discerning new / undiscovered patterns (i.e. tot the micro extent). That' s how it works. Simultaneously, they have to input a " strategy" (just like trading stocks) to ascertain when to sell and buy. To take it a step further, they need to be able to make use of psychology in the patterns identified to trigger certain patterns to form/develop so that they can benefit from it. Property is more illiquid. So what I have stated applies more to the stock trading using data analytics. Property is the stabilising investment that they have for the long term. Gold mining is also for the long term as they can store what they mine also, when cash flow improves and they identify that they would want to go for capital appreciation as well. Stocks is more for the short term gains + long term gains. You see Tesla... How much money they make from selling cars vis-a-vis from Bitcoins, selling nonsense stuff based on their brand names...
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Thi654321ABCDEF
Master |
28-Jul-2021 11:09
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This stock will not move in parallel to gold price.
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abimalik
Member |
28-Jul-2021 11:05
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Another scenario for SY to shoot up is Gold price shoot up like no tomorrow. Just like covid spread worldwide bringing medtec from few cents to a dollar. But this scenario is very rare to happen and just like strike toto but it could happen. Hope that everyone vested have such luck 😊 | ||||
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spursfan
Supreme |
28-Jul-2021 11:01
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bro, i think you think too highly of youself and assume others are not knowledgeable. please spare me all this montherhood statement. funny chap.
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watashievil
Master |
28-Jul-2021 10:46
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yea i hope they are right about it. its making losses for some reason. how will they turn around even with shen yao vested? but guess its yao jia jia baby prob thats why. hopefully they could turn it round and not drag shen yao down :(. just thought extra cash could probably be put into better use for their mining. Well just gotta trust the management foresight.
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black_white
Master |
28-Jul-2021 10:30
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Bro, that is where data analytics come in... Their homework is all done using data analytics. That is where they can harness the gains
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watashievil
Master |
28-Jul-2021 10:22
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well i agree absolute power corrupts. both countries should compete to be the top. thou i would say china is way behind the other in may aspects. will need at least a decade more to catch up, they have many of their internal issues and problem too. but i believe they are in the right direction. that being said think fed meeting round the corner wonder any good news for gold? m abit concern on shenyao diversifying could be good dun get me wrong. but i hope they could focus more on their profit generating sector. they could look into property but probably gotta do more homework? |
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akasa888
Veteran |
28-Jul-2021 09:51
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Thank you for speaking up. Yes, world affairs have a tremendous impact on a company and their business.
In 2014, BNP Paribas Agrees to Plead Guilty and to Pay $8.9 Billion for Illegally Processing Financial Transactions for Countries Subject to U.S. Economic Sanctions
Standard Chartered bank was also fined $1.1 billion for trading with Iran.
Imagine, if you are the shareholder of these two companies and US used sanction to punish countries that do not tot their line
These two banks have to pay the fines because if they don' t, US would kick them out of the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system. A bank that cannot trade in US currency(used for Internation trade) will have to close shop Please remember that SY is a chinese company. Right now, US is pointing 500 missiles at China and got 2 aircrafts carriers and the 7th fleet at South China Sea
But, not to worry, nuclear power countries do not go to war. China missiles DF-41 can be fitted with nuclear warheads and are able to hit any parts of the US within seconds.
US is not stupid, they know who to bully
China is a peace loving country and has never invaded any country. I have cited the number of invasions by the US to show that the US is a threat to world peace. To protect their No 1 position and currency, they do not hesitate to kill.
All in all, they have killed 20-30 millions innocent people including women and children. Colonel Gaddafi and Sadda Hussein were killed because they tried to divert away from using US currency.
Now, do we still wish for US to remain as No 1 and come to disturb the peace in South East Asia
I supported China because it is a peace loving country who just want to trade and give their people a better life, not just because of SY
Please note these world affairs have an impact on SY because gold is traded in US currency and SY is a Chinese company
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Anthonz
Member |
27-Jul-2021 21:00
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For those who are thinking Mr akasa888 is talking too much out of scope, I urge you to do some studys & stay away from the financial markets Knowing history provides one a good edge over those who don&rsquo t because history always repeats, though not in exactly the same way And politics has a very deep influence in the economics & financial markets.
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akasa888
Veteran |
27-Jul-2021 12:22
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All financial markets very quiet, waiting for Federal Reserve Chairman, Powell to speak on Wednesday afternoon(US time) after their two days meeting
All waiting to get direction from his speech, but he is very careful with his words. Most of the time, you have to read between the lines.
Once he open his mouth, billions of dollars can be made or wipe out if he talk about raising interest rate or taper bond buying
Gold market also very quiet with not much movement,
For the record, out of 12 times when he speaks, gold goes down 11 times.
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akasa888
Veteran |
27-Jul-2021 09:11
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Please note that the gold price is very volatile, everyday the trading range is from $10 to $30 up and down.
Many factors affect the gold price
1 strength of USD
2 treasury bond yield,
3 interest rate
4 buying or tapering of bond by FED
5 conflict or war between US and China
6 Manipulation by money managers or banks
7 Buying or selling by ETF
8 Buying or selling by Central Banks
Out of all these, manipulation is very common depending on their short or long position.
Gold is a 10 Trillion market and J P Morgan make 1 billion annually from trading gold
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akasa888
Veteran |
27-Jul-2021 08:24
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Gold Quarterly Adaptive Dynamic Learning Chart &ndash Looking For $2500+Our proprietary Adaptive Dynamic Learning price modeling system is showing a very clear upward arcing price advance in Gold on this Quarterly chart. It is clear to see Gold should rally into the end of 2021, reaching highs above $2100~2200 before the start of 2022, then continue to rally above $2200 into 2022. At this point, Gold will likely attempt a rally above $2400 before stalling out between $2400~$2500 near the end of 2022. This next downward price correction, after the peak, will attempt to retest the YELLOW support channel on this chart &ndash which is very similar to the CYAN price trend line on the chart above. The next secondary peak in Gold will likely happen in 2023. The condensed nature of this second price rally in Gold suggests the peak near $2400 may complete a minor upward wave, part of the broader upward Wave 3 structure setting up now, and prompt a minor retracement to levels near $1900 before moving higher after 2023. So, Gold traders have two to four really nice price trends setting up over the next 24+ months.  Silver Quarterly Adaptive Dynamic Learning Chart &ndash Looking For $50+This Silver ADL Monthly price chart highlights a very big trend that is setting up where Silver may rally above $40 to $50 near the end of 2021 or in early 2022 before moving into a sideways price consolidation phase &ndash eventually settling near $30 to $35 in 2023~24. What we find interesting about this ADL predictive chart is that Silver has continued to advance faster than gold over quite an extended period of time and is actually holding up a momentum/base level better than Gold over the past 8+ months. It is our belief that Silver will start to rally above $35 in Q3/Q4 2021 and may target levels above $40 before the end of 2021. The peak in Silver may happen near the end of 2021 or in early 2022, and we want to warn you that a peak level above $50 is very possibly on a washout peak type of rally. Eventually, though, Silver will retrace back to levels near $30 to $35 and settled into another sideways price trend near the end of 2022 and throughout 2023. So, this presents another extended sideways price channel phase where Silver traders can load up on Silver while it settles into this channel before the next big rally phase.  The lack of secondary price rally in Silver, as we saw in the ADL data for Gold, suggests the secondary Gold rally phase may be very short-lived and condensed. Either way, my team and I believe the precious metals sector is primed and ready for this next upward price trend. To help you understand the timing of these events, the bit breakout rally in Silver does not start until near the end of 2021 and carries into Q1/Q2 of 2022. The big rally in Gold will likely start in Q3/Q4 2021 and last throughout 2022 and into Q1/Q2 2023. So, based on the ADL price modeling system&rsquo s suggestions, Silver may enter an explosive price rally phase &ndash overshooting true market boundaries, while Gold enters a more sustained and realistic price rally to levels above $2200 over the next 6 to 8+ months. Silver will peak and begin to consolidate lower while Gold holds above $2000 and continues to trend moderately higher in two separate advancing phases. Remember, our Appreciation/Depreciation cycle phase research suggests the new Depreciation cycle phase started in 2019 and will last until 2027~2028. That means Silver and Gold will likely continue to experience multiple upward price cycle phases (advances) well into 2029~2030 before finding an ultimate peak level. We still have a long way to go before this rally in precious metals peaks. More than ever, right now, traders need to move away from risk functions and start using common sense. There will still be endless opportunities for profits from these extended price rotations, but the volatility and leverage factors will increase risk levels for traders that are not prepared or don&rsquo t have solid strategies. Don&rsquo t let yourself get caught in these next cycle phases unprepared. Have a great day! Chris Vermeulen Chief Market Strategist www.TheTechnicalTraders.com
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abimalik
Member |
26-Jul-2021 21:12
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Bro don' t gild the lily.
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