Author Topic: MCC Market's Reaction to $1300+ gold  (Read 9024 times)

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Offline xiaohei99

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Re: MCC Market's Reaction to $1300+ gold
« Reply #15 on: May 02, 2016, 10:02:50 AM »
I didn't see any 2000 for sale.  It is getting the love lately, you will hard press to buy it for under $3000. 

$1300 gold is here, lets hope the it attracts more supply to the market.

I see, thank you for the info.

Offline Pandora

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Re: MCC Market's Reaction to $1300+ gold
« Reply #16 on: May 02, 2016, 11:55:40 AM »
There is an early Dealers only meet in Long Beach expo on Wednesdays. I suspect most of the rare Pandas supply gets exchanged/bought in that meet - leaving not much for general public for Thursday-Saturday.

Offline mazinger7000

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Re: MCC Market's Reaction to $1300+ gold
« Reply #17 on: May 02, 2016, 08:00:48 PM »
There is an early Dealers only meet in Long Beach expo on Wednesdays. I suspect most of the rare Pandas supply gets exchanged/bought in that meet - leaving not much for general public for Thursday-Saturday.

in other words, if you're looking to buy and you are not a dealer, or have some way to get in wednesday, there is not much point in attending the show?

Offline Mirkkanen

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Re: MCC Market's Reaction to $1300+ gold
« Reply #18 on: May 02, 2016, 08:03:44 PM »
Not exactly. You may still find (and have the opportunity to buy) the coins you are looking for, but only if you are willing to pay more than the dealer who likely purchased it from another dealer hours/the day prior (assuming the dealer chooses to offer it for sale).

Offline KeyDate1/2ozPandas

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Re: MCC Market's Reaction to $1300+ gold
« Reply #19 on: May 02, 2016, 09:23:28 PM »
90% of my purchases are done on Wednesday as dealer to dealer transactions.  10% on Thursday as public brings coins to sell at the show.  Friday and Saturday I just let my table partner spread out and I either go home or take kids to knots berry farm.  Coin shows are busy on dealer set up day and first day show is open, the other two days are boring if you specialize in a narrow market like gold pandas.

Offline poconopenn

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Re: MCC Market's Reaction to $1300+ gold
« Reply #20 on: June 24, 2016, 12:00:11 AM »
Brexit appears to have won the vote. Spot July gold future is up $78 to $1343 and Dow future is down 635 as 11:59 pm.

Offline Tao-Panda

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Re: MCC Market's Reaction to $1300+ gold
« Reply #21 on: June 24, 2016, 04:51:05 AM »
Brexit appears to have won the vote. Spot July gold future is up $78 to $1343 and Dow future is down 635 as 11:59 pm.

 N48 N48 N48 Brexit wins N48 N48 N48

Very good news for the freedom of all European people !!!
Hope that all European nations will follow and find back their right for self-determination.

For the record, the referendum is not binding but only consultative.

Now, we have to see if the Parliament will follow the referendum... as Greece did not last year.
But in this case, I do not see how it can be possible but with European institutions, everything is possible.

Offline moosician

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Re: MCC Market's Reaction to $1300+ gold
« Reply #22 on: June 24, 2016, 05:16:48 AM »
Back down to $1308 now. Hmm...

Offline Pandora

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Re: MCC Market's Reaction to $1300+ gold
« Reply #23 on: June 24, 2016, 01:04:53 PM »
1304-1314 was previous high. Now it becomes support. This is more likely scenario. But it can cross 1304 and then stop at 1282 sh. Either way, it will come back up and test the 1360 last night high.

Offline pandamonium

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Re: MCC Market's Reaction to $1300+ gold
« Reply #24 on: June 25, 2016, 07:49:10 AM »
Most recent articles say gold needs to break $1300 and hold there for the next move up to $2,000 and then beyond.........

Offline PandaBear

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Re: MCC Market's Reaction to $1300+ gold
« Reply #25 on: June 25, 2016, 08:47:09 AM »
Read George Soros and his rich buddies has been quietly buying up Gold and silver mining companies and physicals not too long ago as revealed in the mandatory SEC filings per qtr. 

Offline silverpv

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Re: MCC Market's Reaction to $1300+ gold
« Reply #26 on: June 25, 2016, 12:06:10 PM »
Read George Soros and his rich buddies has been quietly buying up Gold and silver mining companies and physicals not too long ago as revealed in the mandatory SEC filings per qtr. 

It wasn't really quiet. THey said something along the lines of $57 million for Soros in GLD. Drukenmiller also put something like 300 mill down awhile ago. They have been buying miners and streamers for as you mentioned a few months. It's just the media doesn't promote it like they do other analysts.

Offline poconopenn

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Re: MCC Market's Reaction to $1300+ gold
« Reply #27 on: June 25, 2016, 03:19:25 PM »
A rise in the U.S. dollar, as investors seek safe havens after Brexit vote, would likely contribute to declines in commodity prices, such as oil and metals. Gold may be an exception, since it is also affected by the uncertainty of the financial market. Time will tell. For short term, uncertainty of financial market will be the dominate factor of gold valuation.
 
A slower export growth to Europe (China's biggest customer), may renew concerns about an economic hard landing for China. This may prompt an eventual devaluation of the Chinese yuan versus U.S. dollar. The yuan has devalued about 7% vs. dollar during last 12 months (from RMB 6.20 to RMB 6.62/dollar).

In general, increase the valuation of currency will promote the import. As shown in the attached chart, the yuan valuation vs. dollar had a significantly increase vs. dollar during 2010-2013 (about 10%), a period that Chinese MCC dealers had actively purchased MCC, such as lunars and rare coins from US and EU. Currently, it is very hard to find listing of lunar gold coins at eBay by US seller. After 2013, the Chinese dealers has increased their activities in purchasing gold pandas. However, based on the recent HA auction results, the trend may have slowed down and even reversed. IMO, if the devaluation of yuan vs. dollar continues, the red hot section of gold panda may not be sustainable, since the cost of doing business of Chinese dealers will be increased with the devaluation of yuan.