Category Archive: 6a) Gold & Monetary Metals

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Oil price highest in 3 years, gold ready to follow

2018-05-15

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2018-05-15

Gold Price in GBP, May 2018
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

2018-05-13

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2018-05-13

Gold Nugget
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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Gold, Oil, $ – Ross Clark. Trump, China – Marc Faber. Autos, Real Estate -Wolf Richter. AMY.V, ADD.V

2018-05-12

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Air Date: May 12, 2018 Ross Clark – Gold, Oil, Canadian Dollar, US Dollar, Yield Curves, Stock Market email: [email protected] Dr. Marc Faber – Trump, Gold, Dow, US Dollar, Debt Bubbles, and China Guest’s website: https://www.gloomboomdoom.com/ Wolf Richter – Autos, Real Estate Market, Subprime Lenders Guest’s website: https://wolfstreet.com/ Larry Reaugh President & CEO of American …

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Iran’s Gold Demand May Surge On Trump Sanctions

2018-05-11

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2018-05-11

Iran's Gold Demand, 2010 - 2017
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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Marc Faber: Countries Unwise to Let Antagonistic U.S. Hold Their Gold

2018-05-10

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Read the full transcript here: https://www.moneymetals.com/podcasts/2018/04/27/can-us-be-trusted-to-hold-everyones-gold-001465 Check Gold Prices: https://www.moneymetals.com/precious-metals-charts/gold-price Marc Faber of The Gloom, Boom and Doom Report has some alarming things to say about how America’s foreign policies may have disastrous implications for the U.S. and global economies, and for the dollar. He also weighs in on which asset class,...

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Dr. Marc Faber: The Fed Will Reverse QT In Less Than 12 Months

2018-05-10

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Jason Burack of Wall St for Main St interviewed returning guest, Editor & Publisher of the Gloom, Boom & Doom Report, Dr. Marc Faber https://www.gloomboomdoom.com/ In this wide ranging interview, Jason asks Marc about asset price volatility, whether the stock market is topping, central bank balance sheets and whether they can be meaningfully reduced, the …

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The Capital Structure as a Mirror of the Bubble Era

2018-05-09

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2018-05-09

Richard Nixon
As long time readers know, we are looking at the economy through the lens of Austrian capital and monetary theory (see here for a backgrounder on capital theory and the production structure). In a nutshell: Monetary pumping falsifies interest rate signals by pushing gross market rates below the rate that reflects society-wide time preferences.

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Bron Suchecki – What GOFO and Backwardation Says About the Gold Market

2018-05-09

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Bron Suchecki of Monetary Metals (https://monetary-metals.com) joins us on the channel to shed light on the Gold Forward Offered Rate (GOFO), the implications when the gold market goes into backwardation and usefulness of GOFO as an indicator of the market. Bron also shares his outlook for gold and silver in 2018. Discussed in the interview: …

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Fear and Longing – Precious Metals Supply and Demand

2018-05-08

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2018-05-08

Cursed Treasure
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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Own Some Gold and Avoid Overvalued Assets

2018-05-07

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2018-05-07

Goldcore Gold Chart, 1971 - 1980
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

2018-05-06

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2018-05-06

US Ming - Gold Coin Sales, 2014 - 2018
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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The Oil Curse Comes to Washington

2018-05-05

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2018-05-05

Supply and Demand
Prices rise and prices fall. So, too, they fall and rise. This is how the supply and demand sweet spot is continually discovered – and rediscovered. When supply exceeds demand for a good or service, prices fall. Conversely, when demand exceeds supply, prices rise.

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Gold Price Increasingly Influenced By Declining Dollar Rather Than Interest Rates

2018-05-04

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2018-05-04

Correlation between Gold and the US Dollar Real Exchange Rate, 1976 - 2018
Gold Price Gains Due To Declining Dollar Rather Than Interest Rates. Investors should not be put off by higher interest rates, World Gold Council research finds they do not always have a negative impact on gold. Only short-term movements in gold are ‘heavily influenced by US interest rates’. Correlation between US interest rates and gold is waning, with US dollar a better indicator of short-term gold price. New findings will reassure gold investors...

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

2018-05-03

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2018-05-03

US Federal Reserve Bank Gold Holdings, Mar 2016 - 2018
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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London House Prices See Fastest Quarterly Fall Since 2009 Crisis

2018-05-02

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2018-05-02

London House Price Growth, Sep 2007 - 2018
London house prices fell by 3.2% in the first quarter – Halifax. Brexit, financial and geo-political uncertainty lead to falls. Excluding sale of seven £10m-plus houses in London, prices were down 3.4% in the year. UK house prices climb by just 0.4% in April, the slowest increase since 2008 for same period. Sales transactions fall by 19% and asking versus selling prices show turning into buyers’ market. Homeowner or not, buy physical gold to hedge...

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

2018-05-01

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2018-05-01

Gold and Silver Prices
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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Russia Buys 300,000 Ounces Of Gold In March – Nears 2,000 Tons In Gold Reserves

2018-04-30

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2018-04-30

World Official Gold Reserves, 2000 - 2018
Russia buys 300,000 ounces of gold in March and nears 2,000t in gold reserves. Russia now holds just over 1,861 tonnes, more than officially reported by China at 1,842t. Both Russia and China have the power to destabilise US dollar by dumping dollar-denominated assets. Turkey has removed all gold held in the U.S. opting for Bank of England and BIS. Turkey follows trend set by both Germany, Netherlands and others to remove gold reserves stored in...

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Family Offices and HNWs Invest In Gold Again

2018-04-29

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2018-04-29

Assets in gold-backed, 2005 - 2018
Family Offices and HNWs Are Investing In Gold Again. Rising interest by family offices and high-net-worth (HNW) into gold bullion investments. Gold ETF assets have reached almost $100 billion due to HNWs and pension funds’ increased demand. Volatility in equities, concerns over trade wars, Trump’s Presidency and other economic worries are spurring demand for gold coins and bars. Prudent money ‘trickle’ back into gold as investors are reminded of...

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‘New buyer found’ for ailing Monetas blockchain firm

2018-04-28

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2018-04-28

Troubled Swiss blockchain payments firm Monetas has found a new mystery buyer to pull it out of the mire, swissinfo.ch has learned. The company has run into major problems in the last few months, including enforced bankruptcy proceedings and the acrimonious failure of a previous takeover. “We are in the process of completing the purchase formalities with a buyer of Monetas.

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CRYPTO CRAZE IS CONCERNING | Marc Faber

2018-04-27

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https://sdbullion.com http://www.silverdoctors.com/precious-metals-market-podcast/ Marc Faber says the U.S. Dollar’s strength will not last long. “The last thing the U.S. administration wants today is to have a strong Dollar.” Right now, investors are geared towards equities and cryptocurrencies. However, Faber expects within a few years investors will turn towards gold and silver. Faber does not have faith …

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