中国は何時までゴールドを買い続けるか？

 このチャートが判りやすい。北京政府が公式に主張するゴールド準備と米国債の推移。このトレンドが続くなら、米国債をゼロにしないまでも、今の半額にするまでにもまだ数年はかかる。



https://x.com/PopescuCo/status/1797300837846331485


人気記事

銀鉱株の潜在力は大きい by Zeal

イメージ
最後の２段落だけ訳をいれました。 Big Silver-Stock Potential Adam Hamilton     February 7, 2020     2689 Words The silver miners’ stocks are looking interesting.  While they really lagged silver’s surge on gold’s bull-market-breakout rally last summer, their upleg since remains intact.  Gold stocks’ own upleg peaked in early September.  And silver itself remains wildly undervalued relative to gold, overdue to mean revert dramatically higher.  When that happens during gold’s next upleg, the silver stocks have big potential to soar. Like the global silver market is vastly smaller than gold’s, silver stocks are a proportionally-little fraction of the precious-metals miners.  As a small subset of a usually-ignored contrarian sector, the silver stocks often languish in obscurity.  For decades there wasn’t even a silver-stock index, making sector analysis difficult.  ...
続きを読む

中規模金鉱株２０１９Q4ファンダメンタルズ by Zeal

イメージ
Gold Mid-Tiers’ Q4’19 Fundamentals Adam Hamilton     March 20, 2020     3250 Words The mid-tier gold miners’ stocks have been annihilated with COVID-19 fears infecting traders’ sentiment.  They crashed with gold getting hammered on extreme gold-futures selling!  With blood in the streets, the buy-low opportunities are phenomenal.  The fundamentally-superior mid-tier gold miners have epic upside potential during gold’s next upleg.  This key sector just reported outstanding Q4’19 results on higher gold. The sheer carnage in gold-stock-land has been jaw-dropping!  In late February, the gold-stock sector per its leading benchmark GDX VanEck Vectors Gold Miners ETF edged up to a 3.5-year high slightly above early September’s.  That was fueled by gold’s $1600 breakout surge on COVID-19 fears.  Yet as I warned in an essay the trading day before GDX’s pe...
続きを読む

金鉱株ブル相場ブレークアウト！　by Zeal

イメージ
最後の２段落だけ訳を入れておきます。 Gold-Stock Bull Breakout! Adam Hamilton     April 24, 2020     2845 Words The gold miners’ stocks surged to a major bull-market breakout this week!  Powering decisively above their years-old secular resistance is a hugely-important technical event.  It proves this gold-stock bull is alive and well, greatly improves sentiment, and puts this high-flying sector on countless more traders’ radars.  New bull highs fuel self-feeding bullish psychology, as speculators and investors love chasing winners. 　 The gold miners’ stocks are essentially leveraged plays on gold, since its price overwhelmingly drives their earnings and thus ultimately stock prices.  So gold-stock bulls and bears mirror and amplify gold’s own major market cycles.  Today’s secular gold bull began marching in mid-December 2015, birthed from choking despair.  Gold stocks’ ...
続きを読む

金鉱株の春ラリー５　by Zeal

イメージ
最後の２段落だけ訳をいれておきます。 この記事は先週水曜締め切りで金曜に発行されたものです。 Gold Stocks’ Spring Rally 5 Adam Hamilton     February 28, 2020     3225 Words Before their recent surge on gold regaining $1600, the gold stocks spent much of the past half-year or so largely drifting sideways to lower.  That high consolidation really weighed on sentiment, with greed giving way to apathy.  This sector normally tends to suffer a seasonal slump into mid-March, paving the way for gold stocks’ spring rally.  That’s their second-strongest seasonal surge of the year running into early June. Seasonality is the tendency for prices to exhibit recurring patterns at certain times during the calendar year.  While seasonality doesn’t drive price action, it quantifies annually-repeating behavior driven by sentiment, technicals, and fundamentals.  We humans are creatures of habit and herd, which naturally c...
続きを読む

ゴールド投資が急増 by Zeal

イメージ
最後の２段落に訳を入れました。 Gold Investment Soaring! Adam Hamilton     April 10, 2020     3478 Words Gold investment demand is soaring in the wake of the COVID-19 stock panic!  Investors are rushing back into gold to diversify after seeing mind-boggling central-bank money printing and government spending.  Since that epic monetary inflation won’t be unwound, and investors were radically underinvested in gold before the panic, this trend is likely to persist for years.  It will catapult gold and its miners’ stocks far higher. The most comprehensive look into global gold investment demand is published quarterly by the World Gold Council.  Its experts have been deeply studying the gold markets for decades, which shows in their outstanding Gold Demand Trends reports.  These must-read analyses are released about a month after calendar quarters end.  But while that d...
続きを読む