Goldtent TA Paradise

Seeds have been sowed a long time ago…

1. Bikoo99 says:

   February 9, 2020 - 3:50 pm at 3:50 pm

   Legend :” LBMA Quandl”

   Can you define??

   Greta chart.

   • Patrick says:

     February 9, 2020 - 4:17 pm at 4:17 pm

     Thanks… it’s a toss up between my PnF chart for gold and silvers price cycle analysis and these ones as my most telling one image tells all about the strength of this precious bull era.
     Extract from https://www.quandl.com/data/LBMA/GOLD-Gold-Price-London-Fixing
     “…
     Gold Price: London Fixings, London Bullion Market Association (LBMA). Fixing levels are set per troy ounce. The London Gold Fixing Companies set the prices for gold that are globally considered as the international standard for pricing of gold. The Gold price in London is set twice a day by five LBMA Market Makers who comprise the London Gold Market Fixing Limited (LGMFL). The process starts with the announcement from the Chairman of the LGMFL to the other members of the LBMA Market Makers, then relayed to the dealing rooms where customers can express their interest as buyers or sellers and also the quantity they wish to trade. The gold fixing price is then set by collating bids and offers until the supply and demand are matched. At this point the price is announced as the ‘Fixed’ price for gold and all business is conducted on the basis of that price.
     …”

     • Fullgoldcrown says:

       February 9, 2020 - 7:24 pm at 7:24 pm

       Makes sense…thanks PATRICK

       Sounds like a good old boys club though.

       So there’s you fix

       🙂