Saturday, August 18 2018

Gold/Silver - Futures - COTs - Commitment of Traders

COTs this week

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Transparent Precious Metal Holdings - Gold/Silver

Flows this week

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Friday, August 17 2018

Wicksell's Elegant Model

According to Wicksell, when the market rate is below the natural rate, there is an incentive to borrow and reinvest in an economy at the higher natural rate. This normally leads to an economic boom until demand drives up the market rate and eventually chokes off demand. When the market rate exceeds the natural rate, borrowing slows along with economic activity eventually leading to a recession, and the market rate again falls back below the natural rate. Wicksell viewed the divergences between the natural rate and the market rate as the mechanism by which the economic cycle is determined. If a divergence between the natural rate and the market rate is abnormally sustained, it causes a severe misallocation of capital.

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Thursday, August 16 2018

Perth Mint launches first gold-backed ETF

The Perth Mint, Australia’s largest precious metals refinery, depository and mint, announced on Wednesday a new gold-backed exchange-traded fund (ETF) with a low-price management fee, entering the field of lower cost competitors.

The new fund, which will be backed by physical gold, will charge a fee of 18 basis points, or 0.18 percent, of the value of an investment, said Perth Mint Chief Executive Richard Hayes.

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Wednesday, August 15 2018

It's Time for Contrarians to Get Bullish on Gold

Gold can’t seem to catch a break. The yellow metal normally acts as a safe haven in times of political and economic strife, but in the face of Turkey’s lira meltdown, investors have taken cover instead in the U.S. dollar. On Monday, the stronger greenback pushed gold to end below $1,200 an ounce for the first time since January 2017.

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Tuesday, August 14 2018

Gold: Bearish fundamentals, bullish sentiment

For the first time this year, about two weeks ago the sentiment backdrop became decisively supportive of the gold price and remains so. At the same time, the fundamental backdrop is unequivocally bearish for gold. What will be the net effect of these counteracting forces?

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Sunday, August 12 2018

Transparent Precious Metal Holdings - Gold/Silver

Flows this week

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Gold/Silver - Futures - COTs - Commitment of Traders

COTs this week

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Saturday, August 11 2018

Chinese SGE Gold Withdrawals

SGE Withdrawals for July were 137.4 tonnes

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Tuesday, August 7 2018

LBMA at the Movies: Golden Turkeys

In March of this year, the London Bullion Market Association (LBMA) released a series of short videos about various aspects of the London precious metals markets and the role the LBMA claims to plays in those markets.

It is the ‘Who we Are’ and ‘How the Market Works’ videos which are worth discussing in the context that neither answers the questions that their titles suggest.

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Monday, August 6 2018

Turkey Gold/Silver Imports

Turkey imports for June

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India Gold/Silver Imports

Indian imports for May

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Perth Mint Coin Sales

Sales for July

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US Mint Coin Sales

Sales for July

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Saturday, August 4 2018

Wait Until You See the Price of Gold in Venezuela Right Now

Last month in Venezuela’s capital city of Caracas, a cup of coffee would have set you back 2 million bolivars. That’s up from only 2,300 bolivars 12 months ago, meaning the price of a cup of joe has jumped nearly 87,000 percent, according to Bloomberg’s Café Con Leche Index. And you thought Starbucks was expensive.

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Transparent Precious Metal Holdings - Gold/Silver

Flows this week

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Gold/Silver - Futures - COTs - Commitment of Traders

COTs this week

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Gold/Silver - Futures - COTs - Commitment of Traders

COTs this week

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Thursday, August 2 2018

Gold Demand Trends Q2 2018

ETF inflows have steadied at low levels in recent quarters, making for weak y-o-y comparisons. Q2 jewellery demand dipped 2% to 510.3t, largely due to a weaker Indian market. The pace of central bank buying also slowed in Q2 (-7%). Bar and coin demand was virtually unchanged as growth in a few key markets cancelled out weakness elsewhere. Technology demand provided some relief, adding 2% to reach a three-year high. Gold supply notched up a second consecutive quarter of growth, (up 3%) reaching 1,120.2t.

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Wednesday, August 1 2018

Spotlight on the HUI and XAU Gold Stock Indexes

Probably the two best known gold mining stock indexes in the world’s financial markets are the HUI and the XAU. HUI is the ticker symbol for the NYSE Arca Gold BUGS Index. XAU is the ticker symbol for the Philadelphia Gold and Silver Index. Both of these monikers make an appearance on many gold related websites and many general financial market websites as well, so its worth knowing briefly what these indexes are and what they represent.

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