Category Archive: 6a) Gold & Monetary Metals

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The Toxic Stew, Report 7 Oct 2018

2018-10-08

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2018-10-08

Swiss 10 year Bond History
Last week, we shined a spotlight on a crack in the monetary system that few people outside of Switzerland (and not many inside either) were aware of. There is permanent gold backwardation measured in Swiss francs. Everyone knows that the Swiss franc has a negative interest rate, but so far as we know, Keith is the only one who predicted this would lead to its collapse (and he was quite early, having written that in January 2015).

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Perth Mint’s Gold and Silver Bullion Coin Sales Soar In September

2018-10-06

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2018-10-06

Sales of gold products by the Perth Mint surged in September to their highest since January 2017, while silver sales more than doubled from August to mark an over two-year peak, boosted by lower bullion prices, the mint said on Wednesday.

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Are Global Property Bubbles Starting to Burst?

2018-10-04

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Are Global Property Bubbles Starting To Burst? – London, Dublin, Sydney, Vancouver and Hong Kong property prices fall as global risks increase… – Property bubbles in many cities internationally according to The Economist, UBS and others https://www.bloomberg.com/news/articles/2018-09-28/the-cities-around-the-world-most-at-risk-of-property-bubbles – UBS found that six of the world’s largest cities are now subject to a...

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Textbook Falling Interest Behavior

2018-10-04

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2018-10-04

This is a textbook case. Well, it would be if there was a textbook that presented the dynamics of the rising and falling interest rate cycles. Costco is spending over a quarter billion dollars, to make a capital investment in chicken processing. This is not the typical entrepreneurial investment, which seeks to increase margins by serving an unserved or underserved demand.

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Yield Curve Compression – Precious Metals Supply and Demand

2018-10-03

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2018-10-03

Gold and Silver Price
The price of gold fell nine bucks last week. However, the price of silver shot up 33 cents. Our central planners of credit (i.e., the Fed) raised short-term interest rates, and threatened to do it again in December. Meanwhile, the stock market continues to act as if investors do not understand the concepts of marginal debtor, zombie corporation, and net present value.

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LBMA Clearing and Vaulting data reveal the absurdity of the London ‘Gold’ Market

2018-10-02

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2018-10-02

LBMA gold vaulting data report for end of June 2018: Published 1st October
The first day of each month sees the reporting of a number of statistics about the London Gold Market by the bullion bank led London Bullion Market Association (LBMA). These statistics focus on clearing data and vault holdings data and are reported in a 1 month lag basis for clearing activity and a 3 month lag basis for vault holdings data.

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Permanent Gold Backwardation, Report 30 Sep 2018

2018-10-01

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2018-10-01

CHF Gold Basis, 2018-2019
Sometimes, one just needs to look in the right place. And often in those cases, it just takes a conversation to alert one where to look. We had a call with a Swiss company this week, to discuss gold financing for their business. They reminded us that there is a negative interest rate on Swiss francs. And then they said that a swap of francs for gold has a cost. That is, the CHF GOFO rate is negative (the dollar based 12-month MM GOFO™ is +2.4%).

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Sprott Money News Weekly Wrap -up 9.28.18

2018-09-28

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Eric Sprott gives his thoughts on the recent price action in the precious metals. He also provides a thorough update on some of his favorite mining shares.

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Central Banks Positivity Towards Gold Will Provide Long Term “Support To Gold Prices”

2018-09-28

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2018-09-28

Central Bank Gold Reserves, Q1 2000 - Q1 2018
– There has been a recent change for the better in central bank attitudes to gold. – There has been “net gold demand by central banks – approx. 500 tonnes per year – as a source of return, liquidity and diversification”. –  Policy shift to maintaining stable gold holdings reflects central bank concerns about financial markets and geopolitics. – Little in the current global economic and political environment to support any reason to change in this...

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Seasonality in Cryptocurrencies – An Interesting Pattern in Bitcoin

2018-09-27

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2018-09-27

The last time we discussed Bitcoin was in May 2017 when we pointed out that Bitcoin too suffers from seasonal weakness in the summer. We have shown that a seasonal pattern in Bitcoin can be easily identified. More than a year has passed since then and readers may wonder why we have not addressed the topic again.

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We Need a Free Market in Interest Rates

2018-09-26

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2018-09-26

We do not have a free market in interest rates today. We have not had one since the creation of the Fed in 1913. The Fed began buying bonds almost immediately, which pushes up the price and hence pushes down the interest rate. However, as I discuss in my theory of interest and prices, the Fed creates a resonant system with positive feedback loops.

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Bron Suchecki Q&A

2018-09-25

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The Pick sits down with precious metals analyst Bron Suchecki before the Precious Metals Investment Symposium on the 3rd and 4th of October. The Pick is Australasia’s premier resource sector new platform. It is backed by some of the regions most connected journalists, content creators and digital specialist. It is more than a news site … Continue...

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Why Are Wages So Low, Report 23 Sep 2018

2018-09-25

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2018-09-25

Income Inequality Infographic Workers Middle Class and CEOS get Compared
Last week, we talked about the capital consumed by Netflix—$8 billion to produce 700 shows. They’re spending more than two thirds of their gross revenue generating content. And this content has so little value, that a quarter of their audience would stop watching if Netflix adds ads (sorry, we couldn’t resist a little fun with the English language).

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Silver Guru – David Morgan – Silver and Gold Will Surge in the Coming Currency Collapse

2018-09-24

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Silver Guru – David Morgan, joins Mark O’Byrne for Episode 8 of the Goldnomics Podcast. Talking about silver and gold and how they will perform as the current fiat monetary system collapses under the pressure of money printing, quantitative easing, trade wars and geopolitical tensions. Listen to the full episode or skip directly to one …

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MARC FABER – Cryptos Give Warning Signals

2018-09-22

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Mario Gabelli: What’s Ahead for Stocks

2018-09-22

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----------------------------------------------------- Thanks for Watching!!!!!

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Vietnamese President Tran Dai Quang dies at age 61 after serious illness

2018-09-22

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----------------------------------------------------- Thanks for Watching!!!!!

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Sprott Money news Weekly Wrap-Up 9.21.18

2018-09-21

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Eric Sprott discusses the week that was in precious metals and looks ahead to next week’s FOMC meeting.

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Trump’s Backdoor Power Play to Rein In the Fed

2018-09-21

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2018-09-21

“Just run the presses – print money.” That’s what President Donald Trump supposedly instructed his former chief economic adviser Gary Cohn to do in response to the budget deficit. The quote appears in Bob Woodward’s controversial book Fear: Trump in the White House.

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Sprott Money News Ask the Expert September 2018 – Ned Naylor-Leyland

2018-09-20

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Precious metal fund manager Ned Naylor-Leyland joins us to discuss the current status of gold, silver and the mining shares.

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