Gold Futures - Feb 22 (ZGG2)

1,790.10
-3.00(-0.17%)
  • Prev. Close:
    1,793.1
  • Bid/Ask:
    1,790.40/1,790.60
  • Day's Range:
    1,778.80 - 1,798.30
  • Type:Commodity
  • Group:Metals
  • Unit:1 Troy Ounce

Gold Futures Discussions

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  • Disappointing that gold dropped down even from a ascending triangle ! However, over longer term, China may save Gold ! China has banned bitcoin, no one trusts stock/bond market and authorities are cracking down on housing ! In short Chinese have nowhere to invest saving and may finally turn back to traditional billion saving ! Currently, Chinese are sending billions into the largest money laundering tax haven country, called Canada, using Bitcoins ! Canada is now under FATF pre-investigation ! Banking data (little old) released under 'freedom of information act' revealed, 98% of high net worth houses  in Vancouver/Toronto were owned by 'non-residents' of Canada!  Most of these owners also declared annual incomes that qualified them for 'Canadian Welfare' assistance programs ! Not verified, but almost all are Chinese people and this is also the reason why Canadian house prices have jumped recently, while falling worldwide ! If China shuts off this tap, Gold will raise again due to China
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    • They are also using their own brokers and getting kick backs on commission, Middle east and China
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    •  ,, Imagine, looking at 10 million dollar house in Canada ! Now visualize, the (Chinese origin) owners are actually collecting welfare and making taxpayers suckers ,,, lol ! THAT can cause my visuals to burst some blood vessels ! Also, the real estate association claims only 2% buys are foreigners (who pay 25% tax on transfer) ! That sissy Trudeau needs to investigate this conflicting information from Banks and housing organizations ASAP
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    • just talk to real estate brokers in Toronto, they have to play the game but grit their teeth doing it, yeah it needs investigating, but just look at IROC and the CRA to see how well Canada’investigations go, public running rings around them, money talks - lol
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