Category Archive: 6a) Gold & Monetary Metals

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In Gold We Trust, 2018

2018-05-31

The New In Gold We Trust Report is Here! As announced in our latest gold market update last week, this year’s In Gold We Trust report by our good friends Ronald Stoeferle and Mark Valek has just been released. This is the biggest and most comprehensive gold research report in the world, and as always contains a wealth of interesting new material, as well as the traditional large collection of charts and data that makes it such a valuable reference...

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Wild Speculation in Crude Oil – Precious Metals Supply and Demand

2018-05-30

by Keith Weiner

2018-05-30

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 Back Above $1300 – Trump Cancels Historic Summit – Silver “Ready To Breakout”

2018-05-28

by Mark O'Byrne

2018-05-28

– Trump Cancels Historic Summit with North Korea. – US 10-Year Falls Below 3%, Gold Jumps Back Above $1300. – “Inflation Overshoot Could Be Helpful” – Latest FOMC Minutes. – Gold Demand in Turkey as Lira falls sharply, true inflation near 40%. – EU Crisis Looming as Italy Plan Outright ‘Money Printing’ with ‘Mini-Bots’. – Silver Trading in Tight $1 range, Pressure Building for a Breakout.

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‘Nightmare Scenario’ For EU Bond Markets As Anti-Euro Italian Goverment Takes Power

2018-05-27

by Mark O'Byrne

2018-05-27

Firebrand populists of Left and Right are poised to take power in Italy, forming the first “anti-system” government in a major West European state since the Second World War. Leaders of the radical Five Star Movement and the anti-euro Lega party have been meeting to put the finishing touches on a coalition of outsiders, the “nightmare scenario” feared by foreign investors and EU officials in equal measure.

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Gold Looks A Better Bet Than UK Property

2018-05-26

by Mark O'Byrne

2018-05-26

Dominic Frisby of Money Week looks at the historical relationship between UK house prices and gold (including some great charts), and concludes that your money is better off in the yellow metal than bricks and mortar.

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Why the Fundamental Gold Price Rose – Precious Metals Supply and Demand

2018-05-23

by Keith Weiner

2018-05-23

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

2018-05-21

by Mark O'Byrne

2018-05-21

Brent Crude Oil Daily, Dec 2017 - May 2018

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?

2018-05-18

by Jan Skoyles

2018-05-18

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

2018-05-15

by GoldCore

2018-05-15

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

by Mark O'Byrne

2018-05-13

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

2018-05-11

by Claudia Carpenter

2018-05-11

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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The Capital Structure as a Mirror of the Bubble Era

2018-05-09

by Pater Tenebrarum

2018-05-09

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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Fear and Longing – Precious Metals Supply and Demand

2018-05-08

by Keith Weiner

2018-05-08

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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Own Some Gold and Avoid Overvalued Assets

2018-05-07

by John Steppek

2018-05-07

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

by Renita D Young

2018-05-06

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

by MN Gordon

2018-05-05

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

by Jan Skoyles

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

by Ronan Manly

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

by Jan Skoyles

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

by Keith Weiner

2018-05-01

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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