Category Archive: 6a) Gold & Monetary Metals

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Gold Is Undervalued Say Leading Money Managers

2017-02-18

Gold is undervalued according to a record number of fund managers. Last time gold was considered undervalued, the price surged. BAML surveyed 175 money managers with $543 billion in assets under management. 34% of investors believe protectionism is the biggest threat to markets. Gold viewed as the best protectionist investment by a third of investors.

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China Net Imported 1,300t Of Gold In 2016

2017-02-15

by Koos Jansen

2017-02-15

Hong Kong - China gold Trade Jan 2011 - Nov 2016

For 2016 international merchandise trade statistics point out China has net imported roughly 1,300 tonnes of gold, down 17 % from 2015. The importance of measuring gold imports into the Chinese domestic gold market – which are prohibited from being exported – is to come to the best understanding on the division of above ground reserves in and outside the Chinese domestic market.

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Silver Futures Market Assistance – Precious Metals Supply and Demand

2017-02-15

by Keith Weiner

2017-02-15

Taking off for real or not? Photo credit: NASA

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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What is Good for the Dollar is Bad for Gold

2017-02-14

by Marc Chandler

2017-02-14

The Dollar Index is powering ahead, moving higher for the eighth consecutive session. Over the past 100 sessions, gold and the Dollar Index move in the opposite direction more than 90% of the time. The technical condition of gold is deteriorating.

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Gold Prices Up 6 percent YTD As Trump ‘Honeymoon’ Ends

2017-02-10

by Jan Skoyles

2017-02-10

Gold prices continued to shine this week reaching $1,244.70 per ounce and and has posted gains in five of the last six weeks. This week it reached a new three-month high – it’s highest since the Trump win and has climbed over 6% this year, beating the gains made in the same period in 2016.

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Gold Prices Rising As “World Has Never Been More Uncertain”

2017-02-08

by Mark O'Byrne

2017-02-08

Uncertainty Is At Record Highs 1990 - 2016

Gold prices rising & up 6.6% YTD. Signal “impending market volatility”. World has never been more uncertain (see chart). Fear in Wall Street versus Fear in Washington. Price of ‘plunge protection’ rising even as VIX remains low. Smart money diversifying into gold. Important to watch rising gold and rising bond yields. Gold may prove the “tell”.

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Gold and Silver Divergence – Precious Metals Supply and Demand

2017-02-07

by Keith Weiner

2017-02-07

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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When Government Acts, “Unintended Consequences” Follow

2017-02-07

by Jp Cortez

2017-02-07

In 1850, French economist Frédéric Bastiat published an essay that is misunderstood, or more often, unread, titled, “That Which is Seen, and That Which is Not Seen.” Bastiat brilliantly introduced the idea of opportunity cost and, through the parable of the broken window, illustrated the destructive effects of unintended consequences.

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Gold Bullion Banks To “Open Vaults” In Transparency Push

2017-02-06

by Mark O'Byrne

2017-02-06

LBMA Vaulted Gold in London 2011, 2014, 2015

London Gold Bullion Banks To “Open Vaults” In Transparency Push. London’s gold bullion market, which is centuries old, is said to be seeking transparency with plans to reveal how much gold bullion is held in vaults in and around London city according to gold bullion banks.

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Who Owns the Public Gold: States or Central Banks?

2017-02-04

by Ronan Manly

2017-02-04

It’s a common misconception that the world’s major central banks and monetary authorities own large quantities of gold bars. Most of them do not. Instead, this gold is owned by the sovereign states that have entrusted it to the respective nation’s central bank, and the central banks are merely acting as guardians of the gold. Tracing the ownership question a step further, what are sovereign states?

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Ignore Sabre-Rattling Between Trump and The World, Buy Gold

2017-02-03

by Jan Skoyles

2017-02-03

Gold hits 12-week high. USD Gold price up 4.85% in last month. Sabre-rattling from Trump administration set-to benefit gold. Iran upset and Middle East tensions could drive oil and gold prices up. Financial Times foresees “not only currency wars but a fully fledged trade confrontation that could be disastrous for the world economy.” Royal Mint producing 50 % more gold bullion coins and bars compared to 2016

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Precious Metals As Safe Havens – Reassessing Their Role

2017-02-01

by Mark O'Byrne

2017-02-01

New research confirms that not just gold but also the other precious metals – silver, platinum and palladium bullion – act as safe havens, especially from ‘Economic Policy Uncertainty.’ This is something that is particularly prevalent today due to the ‘Hard Brexit’ impact on the UK and the Eurozone, risk of trade wars and heightened financial and geopolitical risk under the Trump Presidency.

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Ending Taxation on Monetary Metals

2017-01-31

by Jp Cortez

2017-01-31

Imagine if you asked a grocery clerk to break a $20 bill, and he charged you $1.40 in tax. Silly, right? After all, you were only exchanging one form of money for another. But try walking to a local precious metals dealer in more than 25 states and exchanging a $20 bill for an ounce of silver.

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Silver Speculators Gone Wild – Precious Metals Supply and Demand

2017-01-31

by Keith Weiner

2017-01-31

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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Dow 20K, US Debt $20 Trillion, Trump and Gold

2017-01-30

by Jan Skoyles

2017-01-30

By Jan Skoyles, Editor Mark O’Byrne In case you’ve been hiding under a rock, the Dow Jones Industrial Average reached 20,000 earlier this week for the first time in its 132 year history to much media fanfare. Bigcharts via Financial Sense Since Trump’s election US market indicators, including the Dow have been ticking up – it has been labelled the Trump rally. This latest milestone is something that the new President is happy to take credit for....

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Why 2017 Could See the Collapse of the Euro – Stiglitz

2017-01-30

by Mark O'Byrne

2017-01-30

2017 could be the year that the euro collapses according to Joseph Stiglitz writing in Fortune magazine and these concerns were echoed over the weekend by former Bundesbank vice-president and senior European Central Bank official, Jürgen Stark, when he said that the ‘destruction’ of the Eurozone may be necessary if countries are to thrive again.

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Switzerland’s Gold Exports To China Surge To 158 Tons In December

2017-01-28

by Mark O'Byrne

2017-01-28

Silk Road Gold Demand, India Imports, Turkey Imports, Russian Reserves, China SGE Withdrawals

Switzerland's Gold Exports To China Surge To 158 Tonnes In December. Switzerland's gold bullion exports to China saw a huge jump in December, climbing to 158 tons versus a much lower 30.6 tons in November - a jump of 416%.

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The Trump Weak Dollar Report – Precious Metals Supply and Demand

2017-01-24

by Keith Weiner

2017-01-24

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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Sound Money and Your Personal Finances

Sound money principles can serve to help grow the economy and restrain government. The political class, however, doesn’t particularly want to restrain itself. Washington, D.C. is addicted to the easy money policies that have enabled $20 trillion in national debt accumulation and tens of trillions more in unfunded liabilities.

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How The West Has Been Selling Gold Into A Black Hole

2017-01-21

by Koos Jansen

2017-01-21

Monthly Gold Withdrawn From Shanghai Gold Exchange Vaults vs Gold Price

In December 2016 Chinese wholesale gold demand, measured by withdrawals from the vaults of the Shanghai Gold Exchange (SGE), accounted for 196 tonnes, down 9 % from November. December was still a strong month for SGE withdrawals due to the fact the gold price trended lower before briefly spiking at the end of the month, and the Chinese prefer to buy gold when the price declines (see exhibit 1).

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