The Current Gold Price Is A Gift - by Egon von Greyerz October 12, 2016
Two millennia ago according to the bible, three wise men came to offer Jesus the gifts of gold, frankincense and myrrh. The peak of the Roman Empire is considered to be at the time Jesus was born although it took until 476 AD until the Western Empire finally fell.
Today, just over 2000 years later, we might be standing at another historical peak in the global economy. There are certainly many similarities like deficits, debts and decadence. Just like the Roman Emperors, current leaders have illusions of grandeur of a magnitude that the world has never seen before.
E.g., - CALVF Chart LT very undervalued and oversold -
E.g., - CALVF bullish 1.7786 - TA CALVF in a bullish TI goldcross -
Charts by stocktrademan' on 'Caledonia Mining Corporation (CALVF) thank you - very good info -
Caledonia Mining trades in 3 markets and in three different currencies. Half the shares are traded in London, so the daily price gets set there.
So the run in Caledonia Mining that started with Brexit continues.
Here's a 4 month daily chart showing all three stocks:
SA futures rally as gold shares jump on jitters over Trump edging up in US poll - 01 NOVEMBER 2016 - 19:28 PM STAFF WRITER
JSE electronic board. Picture: MICHAEL BRATT
JSE electronic board. Picture: MICHAEL BRATT South African futures rallied on Tuesday as the market followed a firmer JSE. Gold shares benefited from safe-haven demand with an increasingly edgy US presidential election.
Latest polls indicate Republican candidate Donald Trump edging ahead of Democratic nominee Hillary Clinton again, as Clinton battles to limit fallout from further email revelations expected in a new FBI probe.
The gold index closed 6.83% higher as the gold price gained 0.80% to $1,287.80 an ounce, resulting in the all share ending the day 0.82% higher at 51,002.70.
The platinum index ended the day 7.73% up as the platinum price firmed 2.15% to $997.03 an ounce.
Brent oil lifted 0.42% to $48.73 a barrel on expected higher US supplie Jones industrial average was 0.14% lower at 18,115.99 points. At the same time, ts, with numbers set to be released later in the week, and amid scepticism about the efficacy of the announced Opec production freeze.
The global market tone was mixed with Europe’s main markets trending lower. The FTSE 100 was flat (+0.05%) but the Paris CAC 40 shed 0.45% and the German Dax dropped 0.71%.
At 5.45pm, the Dow he local near-dated top-40 Alsi futures index was 0.84% higher at 44,662 points with 23,467 contracts traded from Monday’s 28,903.
News 
Market Data 
Discover 
