Category Archive: 6a) Gold & Monetary Metals

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

2018-04-22

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

2018-04-22

by Ronan Manly

2018-04-22

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

2018-04-21

by Mark O'Byrne

2018-04-21

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

2018-04-20

by Mark O'Byrne

2018-04-20

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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Talk Show – Health & Summit By Mary Buffet And Marc Faber

2018-04-19

by Marc Faber

Talk Show – Health & Summit By Mary Buffet And Marc Faber

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Flight of the Bricks – Precious Metals Supply and Demand

2018-04-19

by Keith Weiner

2018-04-19

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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Sprott Money News Ask The Expert – April 2018 Michael Kosowan

2018-04-19

by Sprott Money

Michael Kosowan is the CEO of Torq Resources. In this interview, he fields Sprott Money customer questions regarding gold, the Canadian dollar and the mining sector.

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

2018-04-18

by Mark O'Byrne

2018-04-18

– 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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Silent Circle founder joins metals-backed crypto coin project

2018-04-17

by Matthew Allen

2018-04-17

Renowned cryptographer Philip Zimmermann, who moved his smartphone encryption firm Silent Circle to Switzerland four years ago, has signed up to the metals-backed crypto Tiberius Coin venture as chief science and security officer. Zimmermann, who was inducted into the Internet Hall of Fame by the Internet Society in 2012, came to Switzerland to further develop his anti-snooping Blackphone away from invasive surveillance techniques in his native...

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

2018-04-15

by Mark O'Byrne

2018-04-15

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

2018-04-14

by Mark O'Byrne

2018-04-14

– 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

2018-04-13

by Allan Flynn

2018-04-13

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

2018-04-12

by Pater Tenebrarum

2018-04-12

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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China’s Secret Gold Supplier Is Singapore

2018-04-11

by Koos Jansen

2018-04-11

Since 2013 China continues to absorb physical gold from the rest of the world at a staggering pace. Worth noting is that gold imported into the Chinese domestic market is not allowed to be returned in the foreseeable future. Because ownership and the disposition of these volumes of gold likely will be of great importance next time around the international monetary system is under stress, it’s well worth tracking China’s progress of imports –...

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No Revolution Just Yet – Precious Metals Supply and Demand Report

2018-04-10

by Keith Weiner

2018-04-10

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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Jamie Dimon Warns Of Potential ‘Market Panic’

2018-04-08

by Jan Skoyles

2018-04-08

Jamie Dimon Warns Of Potential ‘Market Panic’. JPMorgan Chase CEO Jamie Dimon sees ‘chance of market panic’. In annual letter to shareholders Dimon warns of increased inflation and interest rates. Concerned QE unwinding could cause chaos as ‘markets will get more volatile’.

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The Dollar Cancer and the Gold Cure

2018-04-08

by Keith Weiner

2018-04-08

The dollar is failing. Millions of people can see at least some of the major signs, such as the collapse of interest rates, record high number of people not counted in the workforce, and debt rising from already-unpayable levels at an accelerating rate.

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Silver Bullion: Should We Be Worried About Silver?

2018-04-07

by Jan Skoyles

2018-04-07

Silver Bullion: Should We Be Worried About Silver? Bloomberg’s Mike McGlone silver “set to test the $18 an ounce resistance level”. LBMA report: volume of silver ounces transferred in February fell by 24%. Standard Chartered: gold-silver ratio and supply/demand fundamentals favour silver. Gold/silver ratio at near two-year high on silver’s underperformance. Silver COT reports remain more bullish than at any time in history.

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David Morgan: Silver Market Set Up Is “Best I’ve Seen for a Very Long Time”

2018-04-06

by Sound Money Defense League News

Read the full transcript here: https://www.moneymetals.com/podcasts/2018/04/06/confiscation-gold-silver-platinum-001451 Check silver prices at Money Metals: https://www.moneymetals.com/precious-metals-charts/silver-price David Morgan of The Morgan Report highlights a very interesting set-up in the silver market that could lend itself to significantly higher prices. David also shares his thoughts on the price levels he wants to see before getting...

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Brexit, Stagflation Pressures UK High Street

2018-04-06

by Jan Skoyles

2018-04-06

Brexit, Stagflation Pressures UK High Street. UK high street and wider consumer market feeling effects of financial crisis, Brexit and inflation. 350,000 retails jobs expected to disappear between 2016 and 2020. Centre for Retail Research predicts 9,500 shops to close this year and 10,200 in 2019. UK is ‘worst performing’ European market for new car registrations – Moody’s. UK’s growth outlook is the ‘worst in the G20’ – Institute of Fiscal...

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