Category Archive: 6a) Gold and its Price

Keith Weiner is president of the Gold Standard Institute USA in Phoenix, Arizona, and CEO of the precious metals fund manager Monetary Metals.

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A Note on Gold and India – What is Driving the Gold Price?

2016-11-29

by Pater Tenebrarum

2016-11-29

It is well-known that India’s government wants to coerce its population into “modernizing” its financial behavior and abandoning its traditions. The recent ban on large-denomination banknotes was not only meant to fight corruption. In fact, as our friend Jayant Bhandari has pointed out, fresh avenues for corruption immediately opened up upon enactment of the ban (see “Gold Price Skyrockets in India After Currency Ban” – Part 1, Part 2 and Part...

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Q1 – Q3 2016 China Net Gold Import Hits 905 Tonnes

2016-11-28

by Koos Jansen

2016-11-28

Shanghai Gold Exchange SGE Withdrawals September 2016

Withdrawals from the vaults of the Shanghai Gold Exchange, which can be used as a proxy for Chinese wholesale gold demand, reached 1,406 tonnes in the first three quarters of 2016. Supply that went through the central bourse consisted of at least 905 tonnes imported gold, roughly 335 tonnes of domestic mine output, and 166 tonnes in scrap supply and other flows recycled through the exchange.

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Gold Price Skyrockets in India after Currency Ban – Part III

2016-11-26

by Jayant Bhandari

2016-11-26

In part-I of the dispatch we talked about what happened during the first two days after Indian Prime Minister, Narendra Modi banned Rs 500 and Rs 1000 banknotes, comprising of 88% of the monetary value of cash in circulation. In part-II, we talked about the scenes, chaos, desperation, and massive loss of productive capacity that this ban had led to over the next few days.

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Love him or Hate him: Trump is the Revolution Against the Establishment

2016-11-24

by Claudio Grass

2016-11-24

The 2016 U.S. presidential elections are unprecedented: I don’t believe we have ever witnessed before a campaign year so toxic, so dangerously divisive and full of ad hominem attacks. Both camps have vilified the opposition and their followers, creating a schism in society. There has been no rational dialogue on the issues that truly concern the American public.

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Gold Bull Market Remains Intact – Long Term Fundamentals Outweigh Short Term Market Gyrations

2016-11-22

by Claudio Grass

2016-11-22

In early 2016 gold had a big bull run. The precious metal rose close to 25% this year, pushed higher in a summer rally that peaked on July 10th. Gold experienced a bumpy ride over the remainder of the summer though, as investors became increasingly concerned about a potential rate hike by the Federal Reserve. Uncertainty returned to gold market and has intensified further since then.

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The Dollar Is Rising – Precious Metals Supply-Demand Report

2016-11-21

by Keith Weiner

2016-11-21

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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European Central Bank gold reserves held across 5 locations. ECB will not disclose Gold Bar List.

2016-11-17

by Ronan Manly

2016-11-17

The European Central Bank (ECB), creator of the Euro, currently claims to hold 504.8 tonnes of gold reserves. These gold holdings are reflected on the ECB balance sheet and arose from transfers made to the ECB by Euro member national central banks, mainly in January 1999 at the birth of the Euro. As of the end of December 2015, these ECB gold reserves were valued on the ECB balance sheet at market prices and amounted to €15.79 billion.

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Gold – Eerie Pattern Repetition Revisited

2016-11-16

by Pater Tenebrarum

2016-11-16

Ask and ye shall receive… we promised we would update the comparison chart we last showed in late November in an article that kind of insinuated that it might be a good time to buy gold and gold stocks (see: “Gold and Gold Stocks – It Gets Even More Interesting” for the details). We are hereby delivering on that promise.

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Gold Price Skyrockets in India after Currency Ban – Part II

2016-11-16

by Jayant Bhandari

2016-11-16

Here is a link to Part 1, about what happened in the first two days after India’s government made Rs 500 (~$7.50) and Rs 1,000 (~$15) banknotes illegal. They can now only be converted to Rs 100 (~$1.50) or lower denomination notes, at bank branches or post offices. Banks were closed the first day after the decision. What follows is the crux of what has happened over the subsequent four days.

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Precious Metals – Backwardation Profit Taking

2016-11-14

by Keith Weiner

2016-11-14

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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Gold Price Skyrockets in India after Currency Ban

2016-11-10

by Jayant Bhandari

2016-11-10

As I write this in the morning of 9th November 2016, there are huge lines forming outside gold shops in India — and gold traded heavily until late into the night yesterday. Depending on who you ask, the retail price of gold has gone up between 15% and 20% within the last 10 hours.

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Gold Surges Post-Trump, Nears Heaviest Volume Day Ever

2016-11-09

by Tyler Durden

2016-11-09

Gold futures had their heaviest day of trading during April 2013 when a mysterious flash crash sent the precious metal collapsing with no clear fundamental/news catalyst. In June, Brexit sparked massive volume buying in the barbarous relic, but overnight, as a Trump victory became more and more of a reality, gold futures are approaching their busiest day ever.

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Stock Market Volatility, Gold and the Election

2016-11-08

by Pater Tenebrarum

2016-11-08

Before this Monday, the S&P 500 Index went down nine days in a row. While this was almost unprecedented (or in any case, a very rare event) the decline was quite small overall. The timing of the pullback and the subsequent strong rebound on Monday suggests that Mr.

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Gold Always Wins

2016-11-08

by Keith Weiner

2016-11-08

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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Gold: The Kardashian of Commodities?

2016-11-07

by GoldCore

Is Gold the “Kardashian” of Commodities? Double Down asks Jan Skoyles, of www.Goldcore.com, if there is enough gold in the world to hedge against a President Trump. U.S. Election – Trump and Clinton most hated Presidential candidates in history. Goldman Sachs says that gold is a ‘good hedge against politicians’.

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Argor-Heraeus: Another giant Swiss gold refinery goes on the Sales Lot

2016-11-03

by Ronan Manly

2016-11-03

News has just emerged in the gold market that the giant Swiss precious metals refiner Argor-Heraeus has held discussions to be acquired, and that the likely outcome is an acquisition by a private equity group. This private equity group is believed to be London-based WRM CapInvest, part of Zurich headquartered WRM Capital.

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The Clinton-Comey Effect

2016-11-01

by Keith Weiner

2016-11-01

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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Central Bank Austria Claims To Have Audited Gold at BOE. Refuses To Release Audit Report

2016-10-27

by Koos Jansen

2016-10-27

After years of gradually securing its official gold reserves (unwinding leases) the central bank of Austria claims to have completed the audits of its 224 tonnes of gold stored at the BOE. However, it refuses to publish the audit reports and the gold bar list. What could possibly be so sensitive to hide from public eyes?

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If You Can’t Touch It, You Don’t Own It

2016-10-24

by Sprott Money

2016-10-24

The pending Brexit has, not surprisingly, caused a shakeup in the investment world, particularly in the UK. Of particular note is that, recently, asset management firms in Britain began refusing their clients the right to cash out of their mutual funds. Of the 35 billion invested in such funds, just under £20 billion has been affected.

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Wile E. Coyote Gravity Lessons

2016-10-24

by Keith Weiner

2016-10-24

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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