Saturday, November 18, 2017

KRW / Turkish Lira


The TRY /KRW chart looks like a great buy. But and hold a few years. How low could the lira possibly go? 



Friday, November 17, 2017

Industrial Demand for Gold


Industrial Demand for Gold could be one of the increasingly more important sources of demand in the future. 

Various technologies, like gold nano particles and micro chips, are increasingly using gold.  Gold has many positive chemical properties, including non-reactivity.

https://www.forbes.com/sites/oliviergarret/2017/05/10/could-breakthrough-cancer-treatments-raise-industrial-gold-demand/#60a813103c5c

Overall gold demand was down by 9% year over year, to 915 tonnes.  But I think it's just a question of time until it picks up.  Feel comfortable with holding gold miners long term.


Gold - Commitment of Traders

Commitment of Traders is still not very constructive for Gold.  At least the small speculators have pulled back a little bit.  But overall, not very supportive of a move higher any time soon.  That's a bit worrisome.  But let's see how it goes.