Wednesday, July 26 2017

Gold: It's Time!

Gold net long positions hitting an extreme low and the last two times this happened, we saw a 10% move, which would bring about $1,400 in a matter of months.

Continue reading...

China H1 2017 Silver imports climb to highest level in nearly seven years

he figures show that 1,984 tons of silver were imported in the first half year – 37% more than in the same period last year and the highest first-half-year silver imports in seven years

Continue reading...

Tuesday, July 25 2017

Turkey Gold Imports

Turkey June gold imports were 46.2 tonnes

Continue reading...

Gold Cycles

Gold's next 11 year cycle high (red arrow) falls due in late 2019 - early 2020.

Continue reading...

Gold and the Swiss Franc

What is the relationship between the Swiss franc and gold? Is there one? If there is one, is it just coincidence? I will try briefly with the help of some charts to show you why the Swiss franc is almost as good as gold but certainly it is not gold. The Swiss franc is considered today a safe haven as it was in the 70s after the gold exchange standard collapsed.

Continue reading...

Monday, July 24 2017

Did The Dutch Central Bank Lie About Its Gold Bar List?

Head of the Financial Markets Division of the Dutch central bank, Aerdt Houben, stated in an interview for newspaper Het Financieele Dagblad published in October 2016 that releasing a bar list of the Dutch official gold reserves “would cost hundreds of thousands of euros”. In this post we’ll expose this is virtually impossible – the costs to publish the bar list should be close to zero – and speculate about the far reaching implications of this falsehood.

Continue reading...

Gold Seasonal Movements

Gold 2017 vs seasonal averages.

Continue reading...

Saturday, July 22 2017

Transparent Precious Metal Holdings - Gold/Silver

Flows this week

Continue reading...

Gold/Silver - Futures - COTs - Commitment of Traders

COTs this week

Continue reading...

“Mother of All Bubbles” Keeps Gold in Focus

That gold is still holding at its current level—despite rising rates, despite a stock market that continues to rally—is “encouraging.”

That’s one of the key takeaways from a UBS note this week, in which the Swiss financial services firm maintains its constructive view of the yellow metal. Investor demand this year has been slower than expected, but UBS analyst Joni Teves makes the case that expectations of a good monsoon season in India this summer could help push consumption in the world’s second-largest importer of gold to a new record high by the end of the year. With India having imported a phenomenal 525 metric tons in the first half of 2017 alone, Teves writes that “we expect gold demand in India this year to be around historic averages,” which would be very supportive for prices.

Continue reading...

Friday, July 21 2017

Russian Gold Reserves

Russia adds 300,000oz to it's reserves in June

Continue reading...

Thursday, July 20 2017

Sprott Precious Metals Watch

A highlight of 2017 financial markets has certainly been the explosion of interest in cryptocurrencies. We attribute growing interest in digital currencies to a concern shared by many gold investors. In short, resentment is mounting over the financially repressive policies of global central banks. Specifically, the imposition of negative interest rates and related official backing of increasingly cashless economies have catalyzed interest in investment vehicles outside the traditional financial system, such as precious metals and cryptocurrencies. Along the way, comparisons of bitcoin to gold have become all the rage. Because spot gold has spent the past five-and-a-half months trading within a $100-range, while the prices of cryptocurrencies have soared, some have even suggested that digital currencies are usurping gold’s role as preferred store of value.

Continue reading...

Crypto Currency Charts

Interesting that the May & July lows of 140 are equidistant from the high in June.

Expectations of heading down to 100 & perhaps below.

Continue reading...

Australia Exports Record Amount Of Gold To China

According to the recently released data by the Australian Government June 2017 Resources and Energy Quarterly, Australia exported more gold to Hong Kong and China during the first quarter of 2017 than any other quarter in history.

Australian gold exports to Hong Kong and China were 54% higher Q1 2017 versus the same quarter last year:

Continue reading...

Wednesday, July 19 2017

80 tonnes of gold traded on LMEprecious in first week

The London Metal Exchange said on Monday that 2.6 million ounces (79.6 tonnes) of gold and 12.8 million ounces (397.5 tonnes) of silver was traded through its LMEprecious contracts in their first week of trading.

LMEprecious, which includes spot, daily and monthly futures, launched on July 10 with backers including banks Goldman Sachs and Morgan Stanley who committed to provide liquidity as part of a 50:50 revenue-sharing deal with the LME.

Continue reading...

I hate to say it, but a gold bull market seems a long way away

I’d love to be able to declare that the bull market in gold and silver is back on. Gold and silver bull markets are wonderful things. Maybe the bull market begins tomorrow. I hope so. But I’m afraid that, depressing though it may be, I have to be honest and say I can’t see it. The conditions aren’t right.

We need triggers. In 2001, people turned to gold as they fled stockmarkets after the dotcom crash. Ditto post 2008. From being a forgotten asset there grew a genuine belief that the monetary system was broken and that gold was the solution.

Such beliefs may well be even more correct now than they were then. But the problem is there are fewer such believers; there is no common narrative to give such a bull market impetus. The “money-is-broken” narrative has moved over to bitcoin. The stockmarket is rising and acting as a perfectly good hedge against inflation. Why bother with gold?

Continue reading...

Silver Extreme Pits Big Investors Versus Small as ETFs Surge

Silver, known for being a market of extremes, is living up to its reputation this year.

Prices rallied 17 percent in the first four months of the year, only to reverse and wipe out those gains. Despite the selloff, investors are pouring money into exchange-traded funds, and assets have reached a record 21,211 metric tons, valuing the holdings at $11 billion.

Continue reading...

Is the COMEX Rigged?

With the London Gold Market trading unlimited quantities of unallocated gold which the bullion banks create out of thin air, and with COMEX trading gold futures which are also created out of thin air, the disconnect between the world of unlimited paper gold and the world of limited physical gold is becoming ever more stark.

On one side lies paper claims on gold which come into and out of existence through cash-settled market mechanisms. On the other is real physical gold that is segregated, allocated and unencumbered, with full title held by the gold holder. Paper gold ownership is fleeting, speculative and prone to counterparty and conversion risks. Real gold is tangible, has inherent value, has no counterparty risk, and can be securely stored.

Continue reading...

Monday, July 17 2017

Gold shops: coming to a high street near you?

The yellow metal is famed for its status as a safe haven and a store of wealth in times of uncertainty, but is there really a growing demand for physical gold? And how are companies exploiting the opportunity?

Continue reading...

Sunday, July 16 2017

Crypto Currency Percentage Changes

Buy time soon.

Continue reading...

- page 1 of 227