Category Archive: Gold and its Price

Main Author Keith Weiner
Keith Weiner is president of the Gold Standard Institute USA in Phoenix, Arizona, and CEO of the precious metals fund manager Monetary Metals. He created DiamondWare, a technology company that he sold to Nortel Networks in 2008. He has his PhD from the New Austrian School of Economics. He lives with his wife near Phoenix, Arizona. In March 2015 he moved his Gold Standard column from Forbes to SNBCHF.com.

US 10-Year Surges, Emerging Markets Implode…Where Next for Gold?

US 10-Year Yields Top 3%, US Dollar Pushes Higher. Brent Hits $80, Highest in 4 years. Emerging Market Chaos, the Lira and Peso in Freefall. Italy’s New Coalition Signal Their Plans, Yields Jump. Japanese Economy Contracts, GDP Worst Since 2015. And Where Next for Gold?

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Welsh Gold Being Hyped Due To The Royal Wedding?

Welsh gold and the misconceptions surrounding it – GoldCore speak to China Central Television (CCTV). Welsh gold mired in misconceptions, namely that it is ‘rarest’ and most ‘sought after’ gold in world. Investors to be reminded that all mined gold is rare and homogenous. Nothing chemically different between Welsh gold and that mined elsewhere. Investors led to believe Welsh gold is more valuable, despite lack of authenticity in some Welsh gold...

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Oil price highest in 3 years, gold ready to follow

U.S. withdraws from Iran nuclear deal. Oil jumps past $70. Argentina hikes interest rates to 40%. S. 10 year disparity. Western buying returns to gold. Gold and silver both ended slightly up in a week dominated by heightening geopolitical news, weakening inflation data, and emerging market concerns.With gold closing the week at $1,318 (up 0.28%), €1,104 (0.37%), and £973 (0.2%).

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Gold Mining Supply Looks Set To Decline

Global demand for gold is increasing while new discoveries of gold remain small. Gold mining output in Australia is forecast to decrease by 50% in the next eight years. Decline in global gold mining supply makes a price increase almost certain.

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Iran’s Gold Demand May Surge On Trump Sanctions

Iran’s gold demand will probably be “strong” for the next few months and then gradually decline as U.S. sanctions start to take effect, according to the researcher who covers the country for Metals Focus Ltd. After a previous set of sanctions was imposed on Iran in 2012, it took two years for the country’s gold demand to start falling, according to data from the World Gold Council.

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Own Some Gold and Avoid Overvalued Assets

We could be heading for a golden age – or a return to the 1970s. The cost to the US government of borrowing money for a decade came within sniffing distance of 3% yesterday. The US ten-year Treasury yield is sitting at 2.96% as I write this morning, having got to 2.99% yesterday. Does this really matter? After all, 3% is just another number.

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“Blood In The Streets” Of U.S. Gold Bullion Coin Market

Sales of U.S. Mint American Eagle gold coins dropped to their weakest April since 2007, while silver coin purchases for the month rose 10 percent higher than last year, U.S. government data showed on Monday. The U.S. Mint sold 4,500 ounces of American Eagle gold coins in April, down 25 percent from the year prior. However, April sales were up 29 percent from March.

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Turkey and Russia Highlight Gold’s Role as a Strategically Important Asset

On 17 April, Turkish news publication Ahval published a report stating that during 2017, Turkey withdrew 26.8 tonnes of gold that it had stored in the vaults of the New York Federal Reserve, and moved this gold under the custodianship of the Bank of England and the Bank for International Settlements (BIS). The source of the Ahval report was a Turkish language article from the popular Hürriyet newspaper in Turkey.

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Wrong-Way Breakout in Silver – Precious Metals Supply and Demand

Keith Weiner’s weekly look on Gold. Gold and silver prices, Gold-Silver Price Ratio, Gold basis and co-basis and the dollar price, Silver basis and co-basis and the dollar price.

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New All Time Record Highs For Gold In 2019

New all time record highs for gold in 2019. ‘Powerful bull market’ will likely send gold to $5,000 to $10,000. If USD & Treasuries keep falling, stocks may decline at ‘moment’s notice’. Traditional portfolio of stocks and bonds will not protect investors. “Gold will replace bonds as the go-to hedge”.

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Palladium Bullion Surges 17percent In 9 Days On Russian Supply Concerns

Palladium bullion has surged a massive 17% in just nine trading days. From $895/oz on Friday April 6th to over $1,052/oz today (April 19th). The price surge is due to palladium being due a bounce after falling in the first quarter and now due to Russian supply concerns. In a volatile month, precious metals and commodities have been the clear winners so far, with palladium having the greatest gains of all – up 10.7% in April (see table below).

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Spoofing Futures and Banging Fixes: Same Banks, Same Trading Desks

On 29 January 2018, the Commodity Futures Trading Commission (CFTC) Division of Enforcement together with the Criminal Division of the US Department of Justice and the FBI announced criminal and civil enforcement actions against 3 global investment banks and 5 traders for involvement in trade spoofing in precious metals futures contracts on the US-based Commodity Exchange (COMEX).

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Global Debt Bubble Hits New All Time High – One Quadrillion Reasons To Buy Gold

Global debt bubble hits new all time high – over $237 trillion. Global debt increased 10% or $21 tn in 2017 to nearly a quarter quadrillion USD. Increase in debt equivalent to United States’ ballooning national debt. Global debt up $50 trillion in decade & over 327% of global GDP. $750 trillion of bank derivatives means global debt over $1 quadrillion. Gold will be ‘store of value’ in coming economic contraction. Global debt is the mother of all...

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Volatile Week Sees Oil and Palladium Surge Over 8percent, Gold and Silver Marginally Higher and Stocks Gain

Gold & silver eke out small gains; palladium surges 8% and platinum 2%. Oil (WTI) surges over 8% to over $66.90/bbl; supply disruption risk. U.S. dollar and Treasuries fall; geopolitical, trade war and fiscal concerns. Stocks rally and shrug off trade war, macro and geo-political risks. Bitcoin, major cryptos (Ethereum, Ripple etc) rise sharply. Russia-US tensions high: Trump warns attack ‘could be very soon or not so soon at all’.

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Flight of the Bricks – Precious Metals Supply and Demand

Keith Weiner’s weekly look on Gold. Gold and silver prices, Gold-Silver Price Ratio, Gold basis and co-basis and the dollar price, Silver basis and co-basis and the dollar price.

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EU and Euro Exposed To Risks Including Trade Wars and War With Russia In Middle East

– EU and euro face growing risks including trade wars, energy independence and war with Russia in Middle East. – Middle East war involving Russia may badly impact energy dependent & fragile EU. – Trade and actual wars on European doorstep show the strategic weakness of the EU. – Toxic combination due to growing anti-EU and anti-Euro sentiment in many EU nations.

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Trump Tweets Russia “Get Ready” For Missiles In Syria – Gold, Oil Rise and Stocks Fall

Dow set to drop 300 points at open after Trump tweet today. Stocks see sell off and gold pops to test resistance at $1,350/oz. US stock futures suggest over 1% losses at New York open. Oil surged to a two-week high and has surged nearly 7% this week. U.S. bombing Syria may provoke escalation of conflict with Russia and wider conflict in volatile Middle East.

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Gold Out Performs Stocks In 2018 and This Century By Ratio Of Two To One

– Gold outperforming stocks in 2018 and this century (see chart) – Gold up close to 2% in 2018 while S&P 500 is down 2% – Trump trade wars and Kudlow as Trump chief economic advisor is gold bullish – Given gold’s performance, Kudlow’s dismissal of gold as “end of the world insurance” is “irrational” – Market volatility could drive gold to $1,500/oz in 2018 – Holmes

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US Gold & Silver Futures Markets: “Easy” Targets

Following news coverage of the charging of five precious metals traders and three banks in January, Commodities Futures Trading Commission and Department of Justice documents reveal a global criminal cabal of 16 traders operating in at least four major financial institutions between 2008 and 2015 to defraud COMEX gold and silver futures markets.

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Claudio Grass on Cryptocurrencies and Gold – An X22 Report Interview

The Global Community is Unhappy With the Monetary System, Change is Coming Our friend Claudio Grass of Precious Metal Advisory Switzerland was recently interviewed by the X22 Report on cryptocurrencies and gold. He offers interesting perspectives on cryptocurrencies, bringing them into context with Hayek’s idea of the denationalization of money. The connection is that they have originated in the market and exist in a framework of free competition,...

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