US gov's debts keep increasing and gold is already trending higher because it's impossible USA will ever be able to reduce their dependence on raising money to run their country by issuing more public debts (treasury notes). On the other hand, China is the largest holder of US treasury debt papers and China has slowed down in buying the treasury debts while recently given signal to the global markets that it MAY sell/offloading the treasury debt papers causing a lot of panic and that is where bondholders looking to put their money into the centuries old SAFE HAVEN.....GOLD.....our solid gold.....how much is Bornoil holding gold contracts now? What is the worth?
Look at all the metals of the world, they have rallied and still rallying very high by now mah. China has all the intention of using its currency Yuan as world reserve replacing the US Dollar mah. The Chinese gov is already doing it and buying GOLD heavily backing the Yuan and pushing it to be the world's main reserve in trades.
U may also find out what is the correlation of Crude Oil and Gold? https://oilprice.com/Geopolitics/International/China-Is-About-To-Shake-Up-Oil-Futures.html "But now it’s China who’s entering the fray, following on plans set up way back in 2012. And the name of the game is oil-futures trading priced in yuan, with the yuan fully convertible into gold on the Shanghai and Hong Kong foreign exchange markets."
In this year 2018, we'll see Gold rallies to record high since so many factors and moves by countries are indicating that. I hope Bornoil doesn't sell too much of their Gold contracts too early! wakakakaka
Japan is being seconded by China just end of last year. Both Japan & China together hold more than US$2 trillions worth of US treasury debts. Confrontational moves between the 2 main superpowers are actually a game of cat & mouse. NK is also just a tool.
China (1.09 trillions) + Japan (1.06 trillions) = 2.15 trillions out of 19.8 trillions of US total gross national debts.
Both are the largest creditors to USA representing 10.85% of its debts. What would u do if ur ahLong keep giving u more loans and suddenly one of it considers to stop giving u more money? Is USA going to make a move against China? Who will suffer more? Just a decision by China to halt purchasing US debts will trigger a trade wars and all other countries will suffer. This would not be well played so the superpowers will have to find other ways to threaten each other so as to mend the situations leaning towards their own sake.
All those financial news mentioned are found in financial websites. Posting N repeating them, does NOT mean smarter and instigating and call ppl names are uncivilised.!
All those financial news mentioned are found in financial websites. Posting N repeating them, does NOT mean smarter and instigating and call ppl names are uncivilised.
another 40M ESOS shares are issued today. unless potential incomes became realistic or more clear, it is difficult for investors to come in.and support Bornoil. Let see this month GOLD production reports and 4Q Reports.Hope for better directions thereafter.
As usual, the dog transformed itself again into another id. xxixx/chan9301..what a lame ass name. What's the matter? No balls to take on me openly? Have u gain anything here? Yeah right....I know u gained huge losses and still act like a pity dog.
Taikt, u clever boy! Many factors are suggesting an extended rally in Gold price this year. Those got in earlier had pocketed huge gains in the Gold rally. Expect it to go higher in the coming weeks/months.
As I said before mah....cantek news coming smoothen the curve loh...why u worry leh? Only small boy will sell to earn half cent profit while the real winners tripled the investments loh...!! Lesson is don't be a sorzai loh...!! Wakakaka
I'm still looking for my lost dog. Anyone seen my loyal dog xxixx? I can see another dog chan9301 here today.... what happen to the other dog? I worry lol!
Why bising everyday leh? If u didn't reap any benefits from the recent Gold rally then it's ur own fault loh...!! Bornoil is at a big discount where it holds massive amount of Gold holdings mah....so u must appreciate loh...!! Wakakakaka
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
yifie_911
1,582 posts
Posted by yifie_911 > 2018-01-16 16:26 | Report Abuse
euwook, no one so free to create many ID to write rubbish here.
Be more civilized + 3