Tag Archive: Gold as an investment

Buy Gold, Silver Time After Speculators Reduce Longs and Banks Reduce Shorts

2017-12-17

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2017-12-17

Concentration of Traders in the CFTC COTs
Gold and silver COT suggests bottoming and price rally coming. Speculators cut way back on long positions and added to short bets. Commercials/banks significantly reduced short positions. Commercial net short position saw biggest one-week decline in COMEX history. ‘Big 4’ commercial traders decreased their short positions by 28,800 contracts. Seasonally, January is generally a good month to own gold (see table). "If history is still reliable,...

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Buy Gold Urges Dalio on Linkedin – “Militaristic Leaders Playing Chicken Risks Hellacious War”

2017-08-18

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2017-08-18

Global Asset Class Volatility, 1900 - 2017
Don't let "traditional biases" stop you from diversifying into gold - Dalio on Linkedin. “Risks are now rising and do not appear appropriately priced in” warns founder of world's largest hedge fund. Geo-political risk from North Korea & "risk of hellacious war". Risk that U.S. debt ceiling not raised; technical US default. Safe haven gold likely to benefit by more than dollar, treasuries.

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Goldman, Citi Turn Positive On Gold – Despite “Mysterious” Flash Crash

2017-06-28

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2017-06-28

Gold in USD, June 2017
Gold in USD - 1 Week - Massive selling at 0400 EST when U.S. markets closed and thin trading amid holidays in Muslim countries including Turkey, Singapore and Malaysia. - Mystery is that "fat fingers" in gold market are always sell trades that push prices lower

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New Gold Pool at the BIS Switzerland: A Who’s Who of Central Bankers

2017-06-13

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2017-06-13

Bank for International Settlements (BIS) Headquarters
A central bank Gold Pool which many people will be familiar with operated in the gold market between November 1961 and March 1968. That Gold Pool was known as the London Gold Pool.

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Negative Rates: The New Gold Rush… For Gold Vaults

2017-06-09

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2017-06-09

Negative interest rates and the populist uprising that spurred the UK to vote for Brexit and Americans to elect Trump has helped reignite a rush into physical safe haven assets like gold and silver, which however has led to a shortage of safe venues where to store the precious metals (unlike bitcoin, gold actually has a physical dimension).

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Digital Gold – For Now Caveat Emptor

2017-03-20

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2017-03-20

Bitcoin Gold, 2012 - 2017
Bitcoin surpasses gold price - a psychological and arbitrary headline. Royal Mint blockchain gold asks you to trust in the UK government. Royal Canadian Mint and GoldMoney blockchain product asks you to trust in government and the technology, servers, websites etc of the providers. Invest in a gold mine using cryptocurrency - but wait until 2022 for your gold and trust the miners that it is there. Blockchain and gold will likely make a "good...

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Are Rate Hikes Bad For Gold?

2017-02-24

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2017-02-24

Federal Funds Target Rate
Here are two different looks at Fed rate hikes since Volcker. The charts are the same, but one presentation is a lot funnier than the other. Let’s take the fist chart and see what correlations exist between rate hikes and the US dollar index.

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

2017-01-28

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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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Declassified CIA Memos Reveal Probes Into Gold Market Manipulation

2017-01-20

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2017-01-20

Directorate of Intelligence
The CIA recently released a series of declassified 1970s memos relating to the gold market and the newly created SDR. These memos give new insight how the CIA viewed the gold market, the perceived manipulation of gold and the potential for the SDR to become a gold substitute in the international monetary system.

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Gold Bars Worth $800,000 Owned By Prince

2017-01-11

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2017-01-11

gold experience
Gold Bars Worth $800,000 Owned By Prince. Prince, RIP, owned gold bars worth just over $800,000 according to the statement filed in a Minnesota court last Friday.

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Gold Price In GBP Up 4 percent On Brexit and UK Risks

2017-01-10

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2017-01-10

Gold Price in GBP
Gold Price In GBP Rises 4% On Brexit and UK Economy Risks. Pound fell 2% against gold yesterday after Theresa May created Brexit concerns. May's 'Hard Brexit' denial does not calm markets growing fears. Investors concerned about lack of government strategy and uncertainty. UK Prime Minister bizarrely blames media and "those who print things" for sterling depreciation. GBP gold builds on 31% gain in 2016 with 4% gain so far in 2017.

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Gold Rises In All Currencies In 2016 – 9 percent In USD, 13 percent In EUR and 31.5 percent In GBP

2017-01-06

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2017-01-06

Gold Price Performance
Gold gains in USD, GBP, EUR, CAD, AUD, NZD, JPY. Gold gains in CNY, INR & most emerging market currencies. Gold surges 31.5% in British pounds after Brexit shock. Gold acted as hedge and safe haven in 2016 … for those who need safe haven. Furthers signs of market having bottomed and bodes well for 2017. What drivers will gold respond to in 2017? EU elections and contagion risk, Geo-politics, terrorism, war and cyber war. Outlook for gold good...

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Gold Market Charts – A Month in Review

2017-01-04

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2017-01-04

Shanghai Gold Exchange - Gold Withdrawals (tonnes), 2008 - end November 2016
BullionStar has recently started a new series of posts highlighting charts relating to some of the most important gold markets, gold exchanges and gold trends around the world. The posts include charts of the Chinese Gold Market, the flow of gold from West to East via the London and Swiss gold markets, and the holdings of gold-backed Exchange Traded Funds (ETFs).

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Q1 – Q3 2016 China Net Gold Import Hits 905 Tonnes

2016-11-28

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2016-11-28

Shanghai Gold Exchange SGE Withdrawals September 2016
Withdrawals from the vaults of the Shanghai Gold Exchange, which can be used as a proxy for Chinese wholesale gold demand, reached 1,406 tonnes in the first three quarters of 2016. Supply that went through the central bourse consisted of at least 905 tonnes imported gold, roughly 335 tonnes of domestic mine output, and 166 tonnes in scrap supply and other flows recycled through the exchange.

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European Central Bank gold reserves held across 5 locations. ECB will not disclose Gold Bar List.

2016-11-17

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2016-11-17

Eurozone
The European Central Bank (ECB), creator of the Euro, currently claims to hold 504.8 tonnes of gold reserves. These gold holdings are reflected on the ECB balance sheet and arose from transfers made to the ECB by Euro member national central banks, mainly in January 1999 at the birth of the Euro. As of the end of December 2015, these ECB gold reserves were valued on the ECB balance sheet at market prices and amounted to €15.79 billion.

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