Tuesday, September 1, 2009
GOLD PULLS BACK AFTER FINDING TOO MUCH RESISTANCE AROUND 959
It's a good thing I sold out my long position
where I did. I worried that gold could vault
higher, but it came back down a good deal.
Overnight trading should show us where gold
is really going to go. The Crimex session will
do what it always does...beat gold down where
possible...so take advantage of any severe drop
to buy in conservatively and take your profits
when gold starts to stall during its rallies.
TIC REPORT...TREASURY INTERNATIONAL CAPITAL...GOES NEGATIVE AGAIN
THIS MUST BE WHAT IS PUSHING GOLD HIGHER!
Treasury International Capital (TIC) Data for June
WASHINGTON –The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for June 2009. The next release, which will report on data for July 2009, is scheduled for September 16, 2009.
Net foreign purchases of long-term securities were $90.7 billion.
Net foreign purchases of long-term U.S. securities were $123.6 billion. Of this, net purchases by private foreign investors were $105.2 billion, and net purchases by foreign official institutions were $18.4 billion.
U.S. residents purchased a net $32.9 billion of long-term foreign securities.
Net foreign acquisition of long-term securities, taking into account adjustments, is estimated to have been $71.3 billion.
Foreign holdings of dollar-denominated short-term U.S. securities, including Treasury bills, and other custody liabilities decreased $19.5 billion. Foreign holdings of Treasury bills decreased $11.3 billion.
Banks’ own net dollar-denominated liabilities to foreign residents decreased $82.9 billion.
Monthly net TIC flows were negative $31.2 billion. Of this, net foreign private flows were negative $27.7 billion, and net foreign official flows were negative $3.5 billion.
Complete data are available on the Treasury website at www.treas.gov/tic.
Treasury International Capital (TIC) Data for June
WASHINGTON –The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for June 2009. The next release, which will report on data for July 2009, is scheduled for September 16, 2009.
Net foreign purchases of long-term securities were $90.7 billion.
Net foreign purchases of long-term U.S. securities were $123.6 billion. Of this, net purchases by private foreign investors were $105.2 billion, and net purchases by foreign official institutions were $18.4 billion.
U.S. residents purchased a net $32.9 billion of long-term foreign securities.
Net foreign acquisition of long-term securities, taking into account adjustments, is estimated to have been $71.3 billion.
Foreign holdings of dollar-denominated short-term U.S. securities, including Treasury bills, and other custody liabilities decreased $19.5 billion. Foreign holdings of Treasury bills decreased $11.3 billion.
Banks’ own net dollar-denominated liabilities to foreign residents decreased $82.9 billion.
Monthly net TIC flows were negative $31.2 billion. Of this, net foreign private flows were negative $27.7 billion, and net foreign official flows were negative $3.5 billion.
Complete data are available on the Treasury website at www.treas.gov/tic.
GOLD MEETS RESISTANCE AROUND 958 REPEATEDLY BUT COULD SPIKE ABOVE IT
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