Friday, October 16, 2009
GOLD ABOUT TO BREAK ABOVE THE TOP LINE OF THE WHITE DOWNTREND CHANNEL TO THE NEXT TWO 75% RETRACE POINTS
THE RED DOWN FLAG SHOULD RESOLVE UP NEXT WEEK AND GOLD SHOULD
MOVE HIGHER ON ITS WAY BACK UP TO, AND BEYOND, THE CURRENT HIGH PRICE FOR
GOLD AT $1072.
TODAY'S RALLY OF THE LOW WAS STRONG, HAD GOOD CONSISTENT UP VOLUME AND PENETRATED
MANY SMALL RESISTANCE POINTS VERY EASILY.
THERE HAD TO BE A GOOD BIT OF SHORT COVERING INVOLVED AS NEW BUYERS MOVED IN
AND DROVE THE PRICE HIGHER.
Treasury International Capital TIC REPORT
Treasury International Capital Data for August
The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for August 2009. The next release, which will report on data for September 2009, is scheduled for November 17, 2009.
Net foreign purchases of long-term securities were $28.6 billion.
Net foreign purchases of long-term U.S. securities were $32.9 billion. Of this, net purchases by private foreign investors were $21.3 billion, and net purchases by foreign official institutions were $11.6 billion.
U.S. residents purchased a net $4.3 billion of long-term foreign securities.
Net foreign acquisition of long-term securities, taking into account adjustments, is estimated to have been $13.0 billion.
Foreign holdings of dollar-denominated short-term U.S. securities, including Treasury bills, and other custody liabilities decreased $18.5 billion. Foreign holdings of Treasury bills decreased $2.5 billion.
Banks' own net dollar-denominated liabilities to foreign residents increased $15.7 billion.
Monthly net TIC flows were $10.2 billion. Of this, net foreign private flows were $14.9 billion, and net foreign official flows were negative $4.7 billion.
Complete data are available on the Treasury website at www.treas.gov/tic.
The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for August 2009. The next release, which will report on data for September 2009, is scheduled for November 17, 2009.
Net foreign purchases of long-term securities were $28.6 billion.
Net foreign purchases of long-term U.S. securities were $32.9 billion. Of this, net purchases by private foreign investors were $21.3 billion, and net purchases by foreign official institutions were $11.6 billion.
U.S. residents purchased a net $4.3 billion of long-term foreign securities.
Net foreign acquisition of long-term securities, taking into account adjustments, is estimated to have been $13.0 billion.
Foreign holdings of dollar-denominated short-term U.S. securities, including Treasury bills, and other custody liabilities decreased $18.5 billion. Foreign holdings of Treasury bills decreased $2.5 billion.
Banks' own net dollar-denominated liabilities to foreign residents increased $15.7 billion.
Monthly net TIC flows were $10.2 billion. Of this, net foreign private flows were $14.9 billion, and net foreign official flows were negative $4.7 billion.
Complete data are available on the Treasury website at www.treas.gov/tic.
ALL MARKETS STARTING TO REVERSE AND BECOME SUPPORTIVE TO GOLD
THIS DOES NOT MEAN GOLD WILL RISE FROM HERE
BUT THE CHANCES ARE BETTER FOR THE MOMENT
DOLLAR MADE A LITTLE HIGHER HIGH THEN PULLED BACK
AND MOVED LOWER
STOCKS, YEN, EURO ALL FALLING, BONDS UP, DOLLAR UP
GOLD MOVES DOWN TO THE LOWER LINE OF THE WHITE DOWNTREND CHANNEL
