Gold climbs to levels not seen in 6 years as U.S.-Iran tensions build

Geopolitical tensions helped nudge investors into gold on Tuesday, with the precious metal poised to mark its highest finish in more than six years.

Gold has seen an “extraordinary march higher as global economic worries, political worries and U.S. politics underpin many bids from buyers, in many countries, as opportunity costs for buying gold have also lowered buyers’ resistance,” said George Gero, managing director at RBC Wealth Management.

August gold GCQ19, +1.18% rose $19.70, or 1.4%, to $1,437.90 an ounce, which puts the precious metal on track for the highest settlement for a most-active contract since May 19, 2013, according to FactSet. The intraday peak is also the highest since May 2013. Gold rose 1.3% to settle at $1,418.20 on Tuesday, for the strongest settlement for a most-active close since August 28, 2013.

Expectations for lower interest rates among global central banks and geopolitical concerns are making gold a preferred investment these days. The Japanese yen, another perceived haven investment, rose 0.4% against the dollar USDJPY, -0.33% The yield on the 10-year note TMUBMUSD10Y, -1.96% fell 3.6 basis points to 1.984%.

That follows declines among equities in Europe and Asia, and U.S. benchmark stock indexes traded lower in Tuesday dealings amid rising tensions between the U.S. and Iran. Investors also awaited a planned meeting between President Donald Trump and Chinese leader Xi Jinping to discuss trade issues at this week’s Group of 20 gathering in Japan.

Iran’s U.N. Ambassador Majid Takht Ravanchi warned of a “very dangerous” situation in the Persian Gulf, ruling out talks with the U.S. after President Donald Trump on Monday signed an executive order imposing financial sanctions on Iranian leaders. The moves comes days after calling a halt to airstrikes on the country, which shot down a U.S. military drone.

“Iran has said the door is shut for any diplomatic path and this means the uncertainty will continue to rise. This is likely to keep pushing the gold price higher and it can easily cross the level of $1,500,” said Naeem Aslam, chief market analyst at TF Global Markets, in a note to clients.

July silver SIN19, +0.34% rose 6.3 cents, or 0.4%, to $15.44 an ounce after gaining 3.3% last week.

July copper HGN19, +1.39% added 1.4% to $2.742 a pound. July platinum PLN19, +0.18% rose 0.7% to $817.10 an ounce, while September palladium PAU19, +0.61% climbed 0.2% to $1,532 an ounce.

https://www.marketwatch.com/story/gold-takes-aim-at-fresh-2013-highs-as-us-iran-tensions-build-2019-06-25?

https://www.kitco.com/charts/livegold.html

>>6838368

the slides have been comical

o7

>>6838396

been time for both for LONG time.

>>6838425

we are #1, get over and fuck off

>>6838440

>>6838440

>Why does not the Securities and Exchange Commission go after them for misstatements in their financial discloursures: they went public as 'search' not as 'censor'

this should answer your question

>>6838518

they went into a segment they should have stayed out of, plenty of other vehicles that do same thing. Cut corners on design and production and for the lower models like boxster they outsourced production of entire thing. Was a big row with VW with stock purchases with Piech and BOD. Finally settled with VW acquiring them. Porsche was never big enough to produce vehicles in mass quantities and for years it had to have a major sponsor for it's racing programs because it was not large enough(mkt cap and rev-wise) to write-off those activity's as a marketing exercise. So it was pay for it themselves or find someone else to.

*Porsche BTW

>>6838406

>Anon loves, loves, loves this part of the plan.

o7

>>6838574

patience anon, day will come. That is moar manipulated by many factors.

>>6838597

they are working on that one and many moar.

Tiger Global Mgmt LLC bought $18.92m of SunRun Inc-June 20-21

Sunrun Inc. is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers.

As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia. The Company sells to homeowners over the phone, in the field through canvassing and in-home sales and through retail sales channels through its strategic partners.

The solar service offerings are provided through its lease and power purchase agreements. It sells solar service offerings and installs solar energy systems for homeowners through its direct-to-consumer channel.

It sells solar energy systems to homeowners, as well as related products, such as solar panels, inverters, racking systems and other solar-related equipment to resellers.

Number of employees : 3 260 people.

https://www.marketscreener.com/SUNRUN-INC-23249842/company/

https://www.secform4.com/insider-trading/1469367.htm

Tiger Management

Tiger Management Corp., also known as "The Tiger Fund," is an American hedge fund and family office founded by Julian Robertson. The fund began investing in 1980 and was closed to outside investors in March 2000.

It continues to operate today in direct public equity investments and seeding new investment funds.

Julian Robertson, a stockbroker and former United States Navy officer, started Tiger Management in 1980 with $8 million in capital. By 1996, the fund’s assets had increased to $7.2 billion in value.

On April 1, 1996 BusinessWeek carried a cover story written by reporter Gary Weiss, called "Fall of the Wizard", that was critical of Robertson's performance and behavior as founder and manager of Tiger Management.

Robertson subsequently sued Weiss and BusinessWeek for $1 billion for defamation.

The suit was settled with no money changing hands and BusinessWeek standing by the substance of its reporting

With $10.5 billion of assets under management in 1997, it was the second largest hedge fund in the world at the time. Its holdings climbed to $22 billion in 1998.

Tiger's largest equity holding at that time was U.S. Airways, whose troubles dragged down the value of his holdings. Such missteps ultimately led him to close his investment company in March 2000 and return all outside capital to investors.

Tiger earlier made $2 billion in gains, but then it gave most of them back during a huge one-day move in the yen in 1998. In September 2001, Robertson distributed 24.8 million greatly devalued U.S. Airways shares over to former investors in Tiger.

Robertson declared his intent to keep the stock. U.S. Airways declared bankruptcy in 2002, and shareholders in the airline were wiped out.

In December 2018, it was announced that Tiger global together Accel finance Series A of funding of software producing startup Facilio.

https://en.wikipedia.org/wiki/Tiger_Management

anon who posted the chinese story on banks being potentially kicked off swift, post again or I will

RAF fighters escorted Jet2 flight after ‘miscommunication’

Two RAF Typhoon fighter jets were scrambled to escort a Jet2 flight on Saturday after an apparent mix-up between air traffic controllers and the pilots.

The flight, which left Stansted Airport on Saturday evening, was headed for Turkey when there was allegedly disruptive behaviour from a female passenger on board.

The flight to Dalaman in Turkey was subsequently redirected back to Stansted Airport.

The incident was communicated to air traffic control.

However the Jet2 pilot was then overheard saying this: "Flight deck secure, cockpit door not compromised."

It appears that the Jet2 crew were hoping to reassure air traffic controllers.

But air traffic controllers apparently interpreted that phrase to mean that someone had attempted to gain access to the cockpit during the flight.

In reality that was not the case.

It was, however, enough for air traffic controllers to alert their military counterparts.

Airborne within minutes

And two RAF Typhoon fighters were airborne within a matter of minutes.

This new explanation as to why the two fighter jets were scrambled comes from a pilot who was on board another plane in the vicinity of Stansted.

He therefore overheard the entire conversation between the Jet2 crew and air traffic controllers and spoke to the BBC anonymously because he was not authorised to do so by his airline.

The situation was "totally overdramatised" because of a "miscommunication", he said.

The incident caused minor delays to other flights because other aircraft had to circle the airport whilst they waited for permission to land.

And the RAF Typhoons, which escorted the Jet2 airliner back into Stansted, caused a sonic boom.

Houses in the area shook and some residents thought it might have been an explosion and dialled '999'.

Jet2 has not commented on the latest explanation, nor has NATS, the company in charge of air traffic control at Stansted.

The decision to scramble aircraft to escort a civilian airliner in UK airspace is a split second one.

"You scramble and ask questions later", says aviation safety expert David Gleave, who used to work for the RAF.

No time to muck about

"You don't have time to muck about."

He acknowledges that some people might see the incident as a waste of taxpayers money.

However he argues that it was probably a welcome opportunity for the RAF to practise procedures.

With RAF crews "sitting by their wing tips" and ready at any time, it should, he says, be regarded "as a useful test."

Tony Reeves, from defence consultancy firm Level 7 Expertise, who also used to work for the RAF, said the Typhoons and their crews are kept on standby.

Even though the Jet2 incident was, ultimately, a false alarm they can be airborne within in a matter of minutes.

"They are armed-up and ready to deal with any type of incident."

The standard protocol, he says, would be to get as close as possible to the aircraft in question and assess the situation.

In response to the claims that the two fighter jets were scrambled because of a miscommunication, the Ministry of Defence said it never discusses the detail of operational missions.

The 25-year-old woman who was arrested at Stansted Airport on suspicion of common assault, criminal damage and endangering an aircraft, was yesterday released on bail.

Jet2 has claimed that the woman had attempted "to open the aircraft doors during the flight".

The BBC has been unable to reach the woman for comment.

Today Jet2 clarified that there was no attempt by anyone to access the cockpit.

The airline said the incident highlighted "just how serious the consequences of disruptive passenger behaviour can be."

https://www.bbc.com/news/business-48756189

>>6838691

> just frustrating

oh it is, no argument there. been up and down the roller coaster several times but never shed a single oz. Looks like the rise in silver is being fought with the erratic patterns. After $15.50 it gets good as it will signal the technicians. Smart ones are already loading, still paper on that end but brings the awareness up and that is nothing but good

>>6838754

>The Stock Market was about to crash during an Internet outage

if no one can access it(including the institutions that want it to, it can't crash. Simply shut off with no activity

GTFO

>>6838767 Proposed California bill would ban ‘deepfake’ videos

notable

>>6838784

good advice anon, also add that this article, like many, does not explain the machinations of how the COMEX really works. Unfortunately that is the pricing structure we have, while imperfect it is all that is there.

>>6838812

it is that simple. It's all High Frequency trading controlled by AI, the numbers you see on the big board represent about 10% of what really goes on. Thousands of trades go off in a second of time. Those are largely un-reported.

Look up spoofing orders etc. This is how it's controlled across the board.

Access cut means access cut for ll.

>backup systems else where.

you don't think they planned for that scenario too?

>>6838889

>however, leaves gold vulnerable to a correction if investors reverse their positions.

>Their bets on higher gold prices on the COMEX exchange now outnumber wagers on lower prices by 189,681 contracts, the most in more than a year. That is equivalent to almost 19 million ounces, worth some $26 billion

this is EXACTLY why anons warned about creaming jeans over the recent rise as it can be reversed in a heartbeat with the 'wrong' headline. It's all paper on that exchange, the only real gold changing hands are places that use that pricing mechanism to buy/sell physical. It's done that way because that is the accepted input price for it.

notable

>>6838968

don't want to bag on ya but "we have it all" is not just a reference to evidence. They would have done already imo if they had the ability. those threats will continue the closer the next FOMC meeting gets.

The bitcoin thing is rather funny, people are 'making' money yet they still need to convert that into FIAT. Never touched it and certainly not after the Mt. Gox fiasco. The smart ones are taking the profits and buying phyzzz

>>6839000

chek't trips

>>6839097