Warehouse Director | (Precious) Metals Zealot | Commodity Novice | Crypto Neophyte | Coffee Fiend | Politically Impartial | English/Dutch | #Gold #Commodities
The Netherlands
Joined November 2009
- Tweets122K
- Following320
- Followers1.3K
- Likes252K
Cellar Politics® retweeted
The Central Bank of Jordan increased its #gold reserves by 4 tonnes in September, helping to lift YTD net purchases to 7 tonnes. Its total gold holdings how amount to just under 80 tonnes - a new record high.
Cellar Politics® retweeted
Gold market and central banks: Russia and Kazakhstan sell as Poland and China buy
"When it comes to gold, I wouldn't assume it will ever be cheaper. However, buying it delivers reliable profits only over the long term."
Cellar Politics® retweeted
A new UN Environment Programme report says the world is on track for 2.6-2.8C of warming by 2100, with the 1.5C Paris goal now out of reach despite a record clean energy buildout. Fossil fuel emissions still rose last year. #Climate #UNEP #Energy
oilprice.com/Energy/Energy-G…
Cellar Politics® retweeted
Gold dipped below USD 4,000 intraday this week, and headlines stopped there. Underneath, the Dutch central bank has moved about 86 tonnes of gold from New York and Ottawa to London since March, and London's vaults kept FILLING.
This week's Nugget follows the bars.
Read below.
Cellar Politics® retweeted
Miners look cheap after gold's pullback, and @RonStoeferle sees bargains, yet his active gold strategy still holds almost 40% in cash.
Bargains and dry powder at the same time. He explains why to @henrylazenby of The Northern Miner at Mining Forum Americas.
Mining Forum video: Stöferle Eyes Gold Deals
Liechtenstein-based Incrementum gold fund manager Ronald-Peter Stöferle sees bargains in mining shares after gold’s pullback, even as his active gold strategy holds almost 40% cash.
northernminer.com/news/minin…
Cellar Politics® retweeted
You're welcome. A lot of people loved it. Michael is great and has a unique way of analysing geo-economics.
Must watch!
youtu.be/cWjZnEup3BQ
Cellar Politics® retweeted
IGWT Recap, week of Oct 23
Incrementum Active Aurum Signal: Defensive 🛡️
W/W change:
🥇 Gold (USD): 3,995.52 | -4.07%
🥈 Silver (USD): 53.89 | -5.46%
⚖️ G/S Ratio: 74.14 | +1.07
⛏️ GDX (USD): 80.20 | -8.56%
⛏️ SIL (USD): 74.06 | -10.23%
Gold closed below USD 4,000 for the first time since July, with Brent above USD 110 and a technology selloff pushing investors to sell metal for cash. Both mining lines fell about twice as hard as their metal.
Through all of it the bars kept moving. Gold held at the Bank of England rose roughly 192 tonnes between the end of June and the end of September, to about 5,782 tonnes, while the New York Fed's foreign-held pile shed 29.5 tonnes in August alone.
October hike odds closed near 7%. The FOMC decides on Wednesday.
Cellar Politics® retweeted
After the Gold window closed, the DOW rallied 4% !!
....
A promise underpinning the international monetary system was being withdrawn, and Dalio arrived at work the following morning expecting shares to fall. The Dow rose almost 4%, giving him an early lesson in how little an apparently reasonable conclusion could tell him about what markets would actually do...
What Ray Dalio Learnt When Money Changed
By David Russell
In August 1971, Ray Dalio was working as a clerk on the New York Stock Exchange when President Nixon announced that the United States would suspend the conversion of dollars into gold for foreign official holders...
goldseek.com/article/what-ra…
Cellar Politics® retweeted
What Ray Dalio Learnt When Money Changed
By David Russell
In August 1971, Ray Dalio was working as a clerk on the New York Stock Exchange when President Nixon announced that the United States would suspend the conversion of dollars into gold for foreign official holders...
goldseek.com/article/what-ra…
Totally rational. Helium, among Hydrogen, has been a critical material for billions of years. Ask the Sun. #Energy #Strategic
US Department of Energy names helium to critical materials list mining.com/us-department-of-…
Cellar Politics® retweeted
The Chinese economy has been in deflation for yrs,high unemployment rate,low consumption desire.But lots of bubbles have already been deflated unlike the US.Instead of spending in wars,they spend $ on tech development, manufacturing & infrastructure. xitter.cf/i/trending/21140517874…
Cellar Politics® retweeted
New (Dutch) Interview:
The Sovereign Debt Crisis is coming ..
Hij waarschuwt er al jaren voor.
Maar volgens Willem Middelkoop beginnen de signalen nu écht zichtbaar te worden…
Staatsschulden. Financiële repressie. Goud. Bitcoin. De dollar. En de mogelijke volgende grote financiële crisis.
In de nieuwe aflevering van Madelon Navigeert bespreken we wat er op dit moment achter de schermen van het financiële systeem gebeurt én waar je als belegger op moet letten.
👇🏼 Bekijk de volledige video met Willem Middelkoop youtu.be/g3IkyogxI08
Cellar Politics® retweeted
🔥 INDIA REMOVES SILVER IMPORT BAN, PERMITS 209 MILLION TROY OUNCES OF SILVER IMPORTS OVER NEXT 6-MONTHS
After nearly restricting all silver imports mid-May, India has seen large premiums over spot price as domestic supplies remain tight.
Premiums for silver have collapsed from nearly $2.50/ounce last week to 45 cents on Thursday.
The 15% import tax on Silver remains, raised from 6% in mid-May as India tries to support the Rupee.
Cellar Politics® retweeted
Who cares about margin when some of the fund managers feeling they are too old and too late to learn commodities, and maybe some dont event know how to spell tungsten? I know someone famous who always predicted a US$30 oil price 😆
CMOC 洛阳钼业 released its Q3 results.
Look at those big fat margins in their mining segments.
80% on Tungsten!!! That's accounting the -16% drop in production coming from Yulu JV.
But CMOC's Tungsten is coming from tailings operations so it's not a good representation of the entire market.
Even a niche metal like Niobium is getting 42.69% gross profit margin.
The Chinese efficiency is unreal.
