Adil Ghaffar
@AdilGhaffar18Chartered Accountant with experience in Islamic finance and financial markets
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پاکستان کی معیشت اور درپیش مسائل کی آگہی حاصل کرنے کے لئے مندرجہ ذیل vlog دیکھیں youtu.be/SNcUdvBTuOw
Rest my case!
Do you really think that gold had a rally from $1,200 to $2,800 just because of US elections? If so, you are at your liberty.
Do you really think that gold had a rally from $1,200 to $2,800 just because of US elections? If so, you are at your liberty.
Here we go! Let's unfold gold & silver rates required by short sellers to avoid losses at the month end closing. We determined that short-sellers are happy when: Gold trades around $2,769.65; and Silver trades around $33.1746
So, it turned out as envisaged in the attached tweet. Check out the timings. After midnight, gold/silver reclaimed value lost due to month end closing.
The entire financial market is down, be it stocks, crypto, or metals, where Short-sellers were induced to add more to achieve desirable monthly closing. Few punters assigning forthcoming US elections as the reason.
The entire financial market is down, be it stocks, crypto, or metals, where Short-sellers were induced to add more to achieve desirable monthly closing. Few punters assigning forthcoming US elections as the reason.
As mentioned earlier Reserve Bank of India disclosed that it has shipped another 102 tonnes of gold from Bank of England’s vaults in London to secure locations within the country. m.timesofindia.com/articleshow/11…
Parabolic movement in Gold & Silver. Few considerations Commenced after USA exit from Afghanistan 08/21: Afghanistan reserves frozen by USA; Ukraine/Russia war 02/22; Gas supply shortages for EU; Russian reserves frozen by USA; Central banks increased gold reserve requirement
Fabulous performance #GOLD All breaks failed. It appears that there will be no further bumps until $2,850-$2,875/oz It appears that it will hit the target price much ahead of the target date.
Don't you dare to stand against the #GOLD tsunami. You can't even handle baby #Silver. Earlier message, that #Silver 36/oz in Shanghai was clear enough to understand that China is using the #barter trade system. Gold $2,800/oz OR PKR 296k/tola Silver $34.50/oz OR PKR 3,650/tola
To me, today's gold performance is due to: 1. US elections - 4 days to go; 2. US banks increased short positions; 3. Increasing US bond yields; 4. Barter trade by China.
Sharp recovery of gold/silver is evident of 6 pack muscles. Aggressive US banks' efforts to push prices down through short selling and increasing yield on bonds will prove itself as an exercise in futility. Long positions will be the ultimate winners. Silver shorts exceed 1b oz.
Well, the attached picture in itself describes a lot only for those who understand.
I hope many of you will remember the attached tweets. On March 21, 2023, investment in gold was preferred over forex. Gold rate Rs.208,800/tola and in $1,993.70/oz US $ around 285. Today, gold is Rs. 285,000 or $2750/oz and US$ around 278. Gold yield 25%
Gold Informed in April'24, about the game plan. Execution statted from Aug'24. Please do not be carried away with what is currently in circulation by uninformed people.
Baby Silver Yesterday went up by $2.151, thereby giving whooping $1.5b losses to short sellers, who are short by approx 708m ounces. 5 major US banks will feel the heat Expecting a major increase in the upcoming weeks & might touch the target as mentioned on 30/9/24 beforehand
United States Trends
- 1. Bengals 81,6 B posts
- 2. Chargers 71 B posts
- 3. McPherson 12,6 B posts
- 4. #MondayMotivation 10,7 B posts
- 5. Joe Burrow 22,5 B posts
- 6. Herbert 36,2 B posts
- 7. #BaddiesMidwest 23 B posts
- 8. WWIII 190 B posts
- 9. Zac Taylor 4.486 posts
- 10. #ช็อตฟีลMV 193 B posts
- 11. MILKLOVE SHOT FEEL 230 B posts
- 12. 60 Minutes 36 B posts
- 13. #BoltUp 5.745 posts
- 14. TAEYEON 51,7 B posts
- 15. Myron 12,2 B posts
- 16. Carti 17 B posts
- 17. #SNFonNBC N/A
- 18. Scotty 10,5 B posts
- 19. Ladd 5.966 posts
- 20. Ahna 3.184 posts
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