Can someone tell me if there are any companies in nz other than NZ Mint that I can trade physical gold through?
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Can someone tell me if there are any companies in nz other than NZ Mint that I can trade physical gold through?
Thanks Daytr, I will check out their pricing tomorrow, regards BH.
The markets have been pretty subdued this week with both currencies & gold trading in a fairly narrow range. I suspect something has to give & today being Thursday typically a day of action, we may see a breakout tonight. With Tech stock giants Apple & Facebook reporting much better than expected results after the NASDAQ close, this may spark some selling interest in the likes of gold. The balancing act will be the short term gains in certain stocks such as these versus what is going on in the Ukraine, (which to be honest at this point anyway), is getting a little news weary, some poor economic stats coming out of France & the like & the demand side which imo wont be soft long as Indian & Chinese demand picks up again in the coming months. We are yet to break key support of $1275/85 area, although has been sitting right on it for a few days now. I still think the name that sold volume last week will come back for another crack & try & push gold through this key level. If & when it does I think a buy opportunity will be created. Happy trading. Cheers Daytr
A temporary reprieve I'm sure.
Really ? Rates at all time record lows ...with added record stimulus >>>>
U.S. new home sales hint at prolonged housing weakness
(Reuters) - Sales of new U.S. single-family homes tumbled to their lowest level in eight months in March, dashing hopes for a quick turnaround for a sector that fell into a soft patch last summer.
The Commerce Department said on Wednesday sales dropped 14.5 percent to a seasonally adjusted annual rate of 384,000 units. It was the second consecutive monthly decline and the biggest since July, which was also the last time sales were so slow.
Sales were down 13.3 percent from a year ago, marking the largest year-on-year decline since April 2011.
http://www.reuters.com/article/2014/...A3M15Q20140423
A few rounds go off somewhere and goldbugs herd together and say gold should be off to the moon.
There's always some shooting somewhere, but once Putin gets the gist of what sanctions are going to do to his fragile economy he'll back down. There was a very good article yesterday in the Herald about economic warfare and how the USA has prepared for it for years with a special Treasury unit designed to win wars without firing a shot.
Like this:
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So do the Chinese, as became clear in 2005 when the US hit Banco Delta Asia (BDA) in Macao for serving as a conduit for North Korean commercial piracy. China pulled the plug. BDA collapsed within two weeks. China also tipped off Washington when Putin proposed a joint Sino-Russian attack on Fannie Mae and Freddie Mac bonds in 2008, aiming to precipitate a dollar crash.
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and:
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Nairu, Burma, North Cyprus, Belarus and Latvia were felled one by one, all forced to comply with US demands. North Korea was then paralysed. The biggest prize yet has been Iran, finally brought to the table. "A hidden war is under way, on a very far-reaching global scale. This is a kind of war through which the enemy assumes it can defeat the Iranian nation," said then-president Mahmoud Ahmadinejad to Iran's Majlis. He meant it defiantly. Instead it was prescient.
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