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  • #42,961
  • Sep 16, 2024 10:37am Sep 16, 2024 10:37am
This long range missile stuff from uk & USA is fucking hectic.

corporate shills pushing corporate agendas

were all going to find out where it goes from there i guess.
Que Sera
  • #42,962
  • Sep 16, 2024 10:48am Sep 16, 2024 10:48am
Quoting Orand
Short at 2582 sl : 2586 tp : 2577(tp hit )
Hi Orand,
Today I watched your intraday deals. Normally I don't attach much importance to short term trades but today did so.
I think what you did and how you presented it briefly and succinctly was great.
Congratulations on your success.
  • #42,963
  • Sep 16, 2024 10:56am Sep 16, 2024 10:56am
Quoting Catempire
{quote} IMO any rate cut (if / when it happens) will be a short term move. For gold Basil 3.1 seems the most obvious driver given banks will be able to hold physical gold on their books with zero risk weight and be treated as cash. game changer & the rise coincides with the fundamental shift.
Rate cut, QT ending (QE start), Basel III, and US debt all pointing to $3500+ next 2 years maybe?
More time in the market, does not mean you trade better!
  • #42,964
  • Sep 16, 2024 11:08am Sep 16, 2024 11:08am
Quoting Fardeen1209
{quote} Rate cut, QT ending (QE start), Basel III, and US debt all pointing to $3500+ next 2 years maybe?
+ war ?

It was either feb or march this year they announced the Basel rule changes for gold & if you look at the chart…
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Que Sera
  • #42,965
  • Sep 16, 2024 11:10am Sep 16, 2024 11:10am
Quoting Fardeen1209
{quote} Rate cut, QT ending (QE start), Basel III, and US debt all pointing to $3500+ next 2 years maybe?
https://www.forexfactory.com/thread/...0#post14999420
Can you enlighten me about the meaning of Gold--> Basel III?
For whom? EU
Since when? 2010
Most additions of gold to central bank balance sheets: Ru and China
So it has no current relevance. - is my humble opinion
  • #42,966
  • Sep 16, 2024 11:11am Sep 16, 2024 11:11am
Quoting Catempire
{quote} + war ? It was either feb or march this year they announced the Basel rule changes for gold & if you look at the chart… {image}
Essentially banks can now hold physical gold instead of fiat.

When you think about it, seems pretty obvious which way it’s going to go especially with growing possibility of world war and the vulnerability of fiat in such an uncertain world.
Que Sera
  • #42,967
  • Sep 16, 2024 11:23am Sep 16, 2024 11:23am
Quoting Catempire
{quote} Essentially banks can now hold physical gold instead of fiat. When you think about it, seems pretty obvious which way it’s going to go especially with growing possibility of world war and the vulnerability of fiat in such an uncertain world.
Yes, the equity capital regulations from Basel date back years.
Do you have any newer insights?
If not- no prob
  • #42,968
  • Sep 16, 2024 11:32am Sep 16, 2024 11:32am
Quoting Isabella_D
{quote} https://www.forexfactory.com/thread/...0#post14999420 Can you enlighten me about the meaning of Gold--> Basel III? For whom? EU Since when? 2010 Most additions of gold to central bank balance sheets: Ru and China So it has no current relevance. - is my humble opinion
It allows commercial banks to hold a more diversified portfolios- from "risk-free" instruments.

FED, ECB, PBOC, CBI and BOJ are equally important when regarding long term trend of gold. Their printers are the main drivers for international liquidity.
More time in the market, does not mean you trade better!
  • #42,969
  • Sep 16, 2024 11:38am Sep 16, 2024 11:38am
Quoting Fardeen1209
{quote} Es ermöglicht den Geschäftsbanken, ein stärker diversifiziertes Portfolio aus „risikofreien“ Instrumenten zu halten. FED, EZB, PBOC, CBI und BOJ sind im Hinblick auf den langfristigen Goldtrend gleichermaßen wichtig. Ihre Druckereien sind die Haupttreiber für internationale Liquidität.
Agree.
very well known. I won't dig any further

(Missing Basel-Special )
  • #42,970
  • Sep 16, 2024 11:55am Sep 16, 2024 11:55am
Quoting Isabella_D
{quote} Agree. very well known. I won't dig any further (Missing Basel-Special )
this is a new rule, not years old.

Basel regulations make gold a more attractive asset for banks by allowing bullion held in vaults or on an allocated basis to be treated as cash with a 0% risk weight. Lowering the capital requirements for gold making it a more demanded asset.

Basel 3 hasn’t into effect yet but the announcement was in feb / march.

its not years old. I don’t have any links to hand but you will find plenty information online.
Que Sera
  • #42,971
  • Sep 16, 2024 12:05pm Sep 16, 2024 12:05pm
Quoting Isabella_D
{quote} Agree. very well known. I won't dig any further (Missing Basel-Special )
My bad.
I'm closely monitoring spx rn, for a short scalping.
My mind is divided between here, and spx.
It is about reserve ratio, where the gold is accounted as cash, same as it is accounted in balance of payments when central banks import gold bullions.
So in short, on their balance sheet, gold = cash, cash value depreciate over time, gold value act as a hedge.

Its a new regulation, Basel 3 endgame i think it was, but to be effected in July 2025.

Edit:
Catempire explained it it very well
More time in the market, does not mean you trade better!
  • #42,972
  • Sep 16, 2024 12:28pm Sep 16, 2024 12:28pm
Quoting Fardeen1209
{quote} My bad. I'm closely monitoring spx rn, for a short scalping. My mind is divided between here, and spx. It is about reserve ratio, where the gold is accounted as cash, same as it is accounted in balance of payments when central banks import gold bullions. So in short, on their balance sheet, gold = cash, cash value depreciate over time, gold value act as a hedge. Its a new regulation, Basel 3 endgame i think it was, but to be effected in July 2025. Edit: Catempire explained it it very well
https://www.forexfactory.com/thread/...3#post14999423
Both of you haven't answered the important questions, see the links above, but as I said, I don't insist on an answer.
  • #42,973
  • Sep 16, 2024 12:42pm Sep 16, 2024 12:42pm
Quoting Isabella_D
{quote} https://www.forexfactory.com/thread/...0#post14999420 Can you enlighten me about the meaning of Gold--> Basel III? For whom? EU Since when? 2010 Most additions of gold to central bank balance sheets: Ru and China So it has no current relevance. - is my humble opinion
Isabella - if you could explain exactly what you are asking on this post, we might have a better chance of answering your question to your standard.

“gold—>Basel III ?
for whom?
eu since when?”

doesn’t make a great deal of sense or mean a lot.
Que Sera
  • #42,974
  • Sep 16, 2024 12:51pm Sep 16, 2024 12:51pm
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  • #42,975
  • Sep 16, 2024 12:54pm Sep 16, 2024 12:54pm
Quoting Isabella_D
{quote} https://www.forexfactory.com/thread/...3#post14999423 Both of you haven't answered the important questions, see the links above, but as I said, I don't insist on an answer.
Google basel 3 endgame, everything about it will show up.
You will understand better than we will try to explain it to you.
More time in the market, does not mean you trade better!
  • #42,976
  • Sep 16, 2024 1:15pm Sep 16, 2024 1:15pm
Quoting Catempire
{quote} Isabella - if you could explain exactly what you are asking on this post, we might have a better chance of answering your question to your standard. “gold—>Basel III ? for whom? eu since when?” doesn’t make a great deal of sense or mean a lot.
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We talked about the possible outcome of the FED decision.
Some points were mentioned there that can influence the interest rate decision.

You mentioned Basel 1.3.....and other points
And that's the only thing I asked questions about.
1. do you mean Basel III?
2. Whom does this actually affect? answer: EU only
3. Since when has this regulation existed (probably since 2010) - so does it now have any actually relevance?
4. Which central banks are stashing the most gold? (How important is it for US storing Gold in Europe?)
5. Aren't it Russia and China who have made the most storage of Gold in there Centralbanks?

Conclusion: how helpful is the reference to Basel III in order to assume something about the interest rate decrease in the USA in 2 days.
Most people here will be bored, I apologize for that.
  • #42,977
  • Sep 16, 2024 1:49pm Sep 16, 2024 1:49pm
Quoting Isabella_D
{quote} {image} We talked about the possible outcome of the FED decision. Some points were mentioned there that can influence the interest rate decision. You mentioned Basel 1.3.....and other points And that's the only thing I asked questions about. 1. do you mean Basel III? 2. Whom does this actually affect? answer: EU only 3. Since when has this regulation existed (probably since 2010) - so does it now have any actually relevance? 4. Which central banks are stashing the most gold? (How important is it for US storing Gold in Europe?) 5. Aren't...
basel3.1 (endgame is a worldwide consortium) including the USA.. there has been big kick back from the large banks in the states saying it’s unnecessary but they are as much involved as Europe.

we were talking about rates but I referred to drivers for gold and what’s making it (imo) rise and it is the new Basel 3.1 or endgame regulations as it benefits gold as an asset which can be stored as cash, which when you think about its stability in u certain times, makes complete sense.

theres a wealth of info on it from analysts and news stories alike, do some digging so you can get your head around its direct effect to the gold price.
Que Sera
  • #42,978
  • Sep 16, 2024 2:43pm Sep 16, 2024 2:43pm
https://www.forexfactory.com/news/13...n-with-michael
  • #42,979
  • Sep 16, 2024 6:55pm Sep 16, 2024 6:55pm
Update on US30 signal from thread US30

https://www.forexfactory.com/thread/...1#post14999631
  • #42,980
  • Sep 16, 2024 7:08pm Sep 16, 2024 7:08pm
Quoting worldbankinc
{quote} UPDATE : Signal 48-2024 has triggered BUY entry {image} {image}
NEW SIGNAL | Signal 49-2024

While waiting signal 48-2024 to hit the target.

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