Tag Archive: Gold

Against Irredeemable Paper – Precious Metals Supply and Demand

2017-07-26

by

2017-07-26

Gold and Silver Prices
Something needs to be said. We are against the existence of irredeemable paper currency, central banking and central planning, cronyism, socialized losses and privatized gains, counterfeit credit, wealth transfers and bailouts, and welfare both corporate and personal.

Read More »

Le prix de l’or est manipulé. Egon von Greyerz

2017-07-26

by

2017-07-26

Manipulation
La léthargie estivale des marchés a tendance à insuffler un sentiment de fausse sécurité. Les actions et l’immobilier approchent de leurs plus hauts historiques, les taux d’intérêt sont à un plus bas de 72 ans, et la plupart des investisseurs se sentent plus riches que jamais. Les banques centrales envoient les signaux d’économies fortes en annonçant des hausses de taux et une réduction de leurs bilans.

Read More »

Did The Dutch Central Bank Lie About Its Gold Bar List?

2017-07-25

by

2017-07-25

The-Netherlands-Official-Gold-Reserves-Locations
Head of the Financial Markets Division of the Dutch central bank, Aerdt Houben, stated in an interview for newspaper Het Financieele Dagblad published in October 2016 that releasing a bar list of the Dutch official gold reserves “would cost hundreds of thousands of euros”. In this post we’ll expose this is virtually impossible – the costs to publish the bar list should be close to zero – and speculate about the far reaching implications of this...

Read More »

Bank Of England Warns “Bigger Systemic Risk” Now Than 2008

2017-07-21

by

2017-07-21

Bank of England
Bank of England warn that “bigger systemic risk” now than in 2008. BOE, Prudential Regulation Authority (PRA) concerns re financial system. Banks accused of “balance sheet trickery” -undermining spirit of post-08 rules. EU & UK corporate bond markets may be bigger source of instability than ’08. Credit card debt and car loan surge could cause another financial crisis. PRA warn banks returning to similar practices to those that sparked 08 crisis....

Read More »

“Financial Crisis” In 2017 Or By End Of 2018 – Prepare Now

2017-07-19

by

2017-07-19

Central Bank Balance Sheets of Financial Crisis, 2007 - 2017
John Mauldin of Mauldin Economics latest research note, Prepare for Turbulence, is excellent and a must read warning about the coming financial crisis. Mind refreshed from what sounds like a wonderful honeymoon and having had the time to read some books outside his “comfort zone” he has come to the conclusion that we are on the verge of a “major financial crisis, if not later this year, then by the end of 2018 at the latest.”

Read More »

Stockholm Syndrome – Precious Metals Supply and Demand

2017-07-18

by

2017-07-18

Charles Ponzi
Stockholm Syndrome is defined as “…a condition that causes hostages to develop a psychological alliance with their captors as a survival strategy during captivity.” While observers would expect kidnapping victims to fear and loathe the gang who imprison and threaten them, the reality is that some don’t.

Read More »

Global Asset Allocation Update: Not Yet

2017-07-18

by

2017-07-18

Moderate Allocation
There is no change to the risk budget this month. For the moderate risk investor, the allocation between risk assets and bonds is unchanged at 50/50. There are no changes to the portfolio this month. Growth and inflation expectations rose somewhat since last month’s update. The change is minor though and within the range of what we’ve seen in recent months.

Read More »

Bi-Weekly Economic Review: Attention Shoppers

2017-07-17

by

2017-07-17

The majority of the economic reports over the last two weeks have been disappointing, less than the consensus expectations. The minor rebound in activity we’ve been tracking since last summer appears to have stalled. Retail sales continue to disappoint and inventory/sales ratios are once again rising – from already elevated levels.

Read More »

Unveiling the Silver in the LBMA London vaults

2017-07-09

by

2017-07-09

Pallet
Sometime in the coming days, the London Bullion Market Association (LBMA) plans to begin reporting the amount of real physical gold and silver that is actually stored in the network of LBMA vaults in London. This follows an announcement made by the LBMA on 8 May.

Read More »

What Really Happened When Gold Crashed, Monday June 26?

2017-07-05

by

2017-07-05

Gold Price Versus Gold Basis
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.

Read More »

Bi-Weekly Economic Review: Draghi Moves Markets

2017-07-03

by

2017-07-03

In my last update two weeks ago I commented on the continued weakness in the economic data. The economic surprises were overwhelmingly negative and our market based indicators confirmed that weakness. This week the surprises are not in the economic data but in the indicators. And surprising as well is the source of the outbreak of optimism in the bond market and the yield curve.

Read More »

Global Asset Allocation Update:

2017-06-24

by

2017-06-24

Moderate Allocation
There is no change to the risk budget this month. For the moderate risk investor, the allocation between risk assets and bonds is unchanged at 50/50. There are no changes to the portfolio this month.

Read More »

Bi-Weekly Economic Review: Has The Fed Heard Of Amazon?

2017-06-19

by

2017-06-19

The economic surprises keep piling up on the negative side of the ledger as the Fed persists in tightening policy or at least pretending that they are. If a rate changes in the wilderness can the market hear it? Outside of the stock market one would be hard pressed to find evidence of the effectiveness of all the Fed’s extraordinary policies of the last decade.

Read More »

The Three Headed Debt Monster That’s Going to Ravage the Economy

2017-06-11

by

2017-06-11

Mass Infusions of New Credit. “The bank is something more than men, I tell you.  It’s the monster.  Men made it, but they can’t control it.” – John Steinbeck, The Grapes of Wrath. Something strange and somewhat senseless happened this week. On Tuesday, the price of gold jumped over $13 per ounce. This, in itself, is nothing too remarkable. However, at precisely the same time gold was jumping, the yield on the 10-Year Treasury note was slip sliding...

Read More »

In Gold We Trust, 2017

2017-06-10

by

2017-06-10

August Gold, 2017
This year’s Incrementum In Gold We Trust report by our good friends Ronald Stoeferle and Mark Valek appears about one month earlier than usual (we already mentioned in our most recent gold update that it would become available soon). As always, the report is extremely comprehensive, discussing everything from fundamentals pertaining to gold, to technical analysis to statistical studies on the behavior of gold under different economic scenarios.

Read More »

Negative Rates: The New Gold Rush… For Gold Vaults

2017-06-09

by

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).

Read More »

Bi-Weekly Economic Review: The Return of Economic Ennui

2017-06-07

by

2017-06-07

The economic reports released since the last of these updates was generally not all that bad but the reports considered more important were disappointing. And it should be noted that economic reports lately have generally been worse than expected which, if you believe the market to be fairly efficient, is what really matters.

Read More »

The Gold Conundrum

2017-06-02

by

2017-06-02

The deepest spot on earth
We recently (on Thursday last week to be precise) put together a few gold-related charts based on the “keep it simple” principle. The annual Incrementum “In Gold We Trust” report is going to be published shortly and contains a quite thorough technical analysis section, so we will keep this brief and just discuss a few things that have caught our eye.

Read More »

Gold Data Science – Precious Metals Supply and Demand

2017-05-30

by

2017-05-30

High Stakes Poker
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.

Read More »

Global Asset Allocation Update

2017-05-27

by

2017-05-27

Moderate Allocation
There is no change to the risk budget this month. For the moderate risk investor, the allocation between risk assets and bonds is unchanged at 50/50. There are, however, changes within the asset classes. We are reducing the equity allocation and raising the allocation to REITs. 

Read More »