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IntroductionGold prices are up between 13% and 23% year-to-date in the major currencies. However, this upward trend started long before the recent price rally. In fact, in a majority of currencies,...
There is a conflation of three related events that materially alter the prospects in favour of a higher gold price.The change in the outlook for US interest rates has probably put an end to the...
Last Sunday (31 January) Zero Hedge ran an article drawing attention to the big names in the hedge-fund community who are betting heavily that the yuan will suffer a major devaluation any time between...
The month of January has been a wake-up call for complacent equity investors.From the peaks of last year stock indices in the major markets have fallen 10-20%, give or take. On their own, these falls...
What a difference a month makes. As the market reassess growth and asset prices under renewed volatility – and with a more passive response from Central Banks thus far – the USD-gold price...
For Americans who came of age in the 1980s, the future arrives today: Oct 21st, 2015, the day Back to The Future's Marty McFly drops in from 1985.The film's celebrated optimism and humor regarding the...
There is one class of money that is constantly being created and destroyed, and that is bank credit.Bank credit is created when a bank lends money to a customer; it becomes money because the customer...
In the early days of central banking, one primary objective of the new system was to take ownership of the public's gold, so that in a crisis the public would be unable to withdraw it.Gold was to be...
I shall briefly address the impact of negative interest rates, should they occur, at the end of this report, after looking at this week's trading. The week started with a slow downwards drift for...
Gold and Silver spent this week consolidating their recent price recoveries, with silver tending to hold its ground better than gold.The underlying bullion position however remains very tight. The...
Gold and silver traded in a tight range this week on low futures volumes.Last Friday the gold price rallied from $1,080 to $1,101, last night it closed at $1,089. Silver also traded in a narrow range...
Industrial commodities, including energy and base metals, were aggressively sold this week as more evidence came in that the global economy is stalling, with world trade having now declined for five...
Gold and silver continued to drift lower over the course of the week, with gold trading at $1,145 and silver at $15.02 in early European trade this morning.This is close to the lowest prices we have...
Gold and Silver had a poor week, with no relief from drifting prices after the end of the second quarter.The gold price opened on Monday morning in the Far East at $1,187 and fell to a low point at...
Hedge funds and high-frequency traders have finally forced gold into a US dollar loss this year as shown in our introductory chart, but silver is still in positive territory.This week gold declined...
Window-dressing or the management of prices for a favourable mark-to-market valuation at year-ends, half-years and quarters has long been a distorting feature in financial markets. And, with bank...
Markets this week have been all about renewed dollar strength, with precious metals sidelined. The only notable move was when gold lost $20 and silver 40c on Tuesday, following holidays in the US and...