{"id":13460,"date":"2016-06-16T03:07:55","date_gmt":"2016-06-16T07:07:55","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=13460"},"modified":"2016-06-16T03:07:55","modified_gmt":"2016-06-16T07:07:55","slug":"gold-surges-on-brexit-fears","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2016\/06\/16\/gold-surges-on-brexit-fears\/","title":{"rendered":"Gold surges on BREXIT fears"},"content":{"rendered":"<p>Long-term interest rates continue their decline, with 10-year Treasury yields breaking support at 1.65 percent. Breach signals a test of the all-time (July 2012) low of 1.40 percent.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" width=\"525\" height=\"363\" title=\"10-year Treasury yields\" alt=\"10-year Treasury yields\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-06-16-tnx.png?resize=525%2C363&#038;ssl=1\" \/><\/p>\n<p>Gold broke resistance at $1300\/ounce on fears of a BREXIT vote on June 23rd and expectations that the Fed will need to soft-pedal on interest rates. Breakout offers a long-term target of $1550*.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" width=\"525\" height=\"363\" title=\"Gold\" alt=\"Gold\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-06-16-gold.png?resize=525%2C363&#038;ssl=1\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;color:#999999;\">* Target calculation: 1300 + ( 1300 &#8211; 1050 ) = 1550<\/p>\n<p>Chinese buying of gold has been relegated to secondary status, at least for the next week. Sale of foreign reserves appear to have resumed, with the USDCNY running into resistance at 6.60. PBOC sale of foreign reserves weakens the Dollar, boosting demand for Gold.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" width=\"525\" height=\"363\" title=\"USDCNY\" alt=\"USDCNY\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-06-16-cny.png?resize=525%2C363&#038;ssl=1\" \/><\/p>\n<p><em>Disclosure: Our Australian managed portfolios are invested in gold stocks.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Long-term interest rates continue their decline, with 10-year Treasury yields breaking support at 1.65 percent. Breach signals a test of the all-time (July 2012) low of 1.40 percent. Gold broke resistance at $1300\/ounce on fears of a BREXIT vote on June 23rd and expectations that the Fed will need to soft-pedal on interest rates. Breakout &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2016\/06\/16\/gold-surges-on-brexit-fears\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gold surges on BREXIT fears&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,31,41,9,34],"tags":[70,663,1441,3204,3574,3731],"class_list":["post-13460","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-the-fed-banks-interest-rates","category-china-hk","category-gold-precious-metals","category-us-canada-countries-regions","tag-10-year-treasury-yields","tag-china","tag-foreign-reserves","tag-spot-gold","tag-usdcny","tag-yuan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gold surges on BREXIT fears - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold surges on BREXIT fears - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Long-term interest rates continue their decline, with 10-year Treasury yields breaking support at 1.65 percent. Breach signals a test of the all-time (July 2012) low of 1.40 percent. Gold broke resistance at $1300\/ounce on fears of a BREXIT vote on June 23rd and expectations that the Fed will need to soft-pedal on interest rates. 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Fears of a BREXIT have been driving demand for gold and a REMAIN vote is likely to spur a sell-off. * Target calculation: 1300 + ( 1300 - 1050 ) = 1550 Breakout\u2026","rel":"","context":"In &quot;Gold &amp; Precious Metals&quot;","block_context":{"text":"Gold &amp; Precious Metals","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/gold-precious-metals\/"},"img":{"alt_text":"Gold","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-06-23-gold.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-06-23-gold.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-06-23-gold.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":13512,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/06\/28\/gold-rises-as-the-yuan-and-interest-rates-fall\/","url_meta":{"origin":13460,"position":1},"title":"Gold rises as the Yuan and interest rates fall","author":"ColinTwiggs","date":"June 28, 2016","format":false,"excerpt":"China seems to have given up on its policy of supporting the Yuan against the Dollar, with USDCNY breaking through resistance at 6.60. Depleting foreign reserves to support the Dollar-peg was always going to be a tough call for the PBOC. But the alternative of increased capital flight and rising\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"USDCNY","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-06-28-cny.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-06-28-cny.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-06-28-cny.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":13676,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/05\/gold-shudders-on-strong-jobs-numbers\/","url_meta":{"origin":13460,"position":2},"title":"Gold shudders on strong jobs numbers","author":"ColinTwiggs","date":"August 5, 2016","format":false,"excerpt":"Long-term interest rates surged on strong jobs numbers, well above the estimate of 180,000. From the WSJ: Nonfarm payrolls rose by a seasonally adjusted 255,000 last month, the Labor Department said Friday. Revisions showed U.S. employers added 18,000 more jobs in May and June than previously estimated. 10-Year Treasury yields\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14218,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/09\/24\/gold-respects-support\/","url_meta":{"origin":13460,"position":3},"title":"Gold respects support","author":"ColinTwiggs","date":"September 24, 2016","format":false,"excerpt":"10-Year Treasury yields are retracing to test the recent support level at 1.60 percent but the trend remains upward. The Chinese Yuan is easing against the US Dollar, with USDCNY in a gradual up-trend as the PBOC manages the decline in order to conserve foreign reserves. This is likely to\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14859,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/02\/24\/gold-breaks-through-1250\/","url_meta":{"origin":13460,"position":4},"title":"Gold breaks through $1250","author":"ColinTwiggs","date":"February 24, 2017","format":false,"excerpt":"10-Year Treasury Yields are testing support at 2.30%. Expect this to hold. Breach of the rising trendline would warn of a correction but this seems unlikely with the Fed intent on normalizing interest rates. Breakout above 2.50% would offer a target of 3.0%. The Dollar Index rally remains muted since\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14025,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/26\/gold-rising-interest-rates-and-the-falling-yuan\/","url_meta":{"origin":13460,"position":5},"title":"Gold, rising interest rates and the falling Yuan","author":"ColinTwiggs","date":"August 26, 2016","format":false,"excerpt":"Interest rates are rising. Upward breakout from an ascending triangle formation on 10-year Treasury yields indicates an up-trend. A rate hike from the Fed would increase pressure on the Chinese Yuan, leaving the PBOC with a dilemma. Either allow the Yuan to slide, which could panic investors and borrowers into\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/13460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=13460"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/13460\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=13460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=13460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=13460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}