Tag Archives: China

On a firmly rising gold price the UK is one of the largest net importers of gold in 2016. The gold price went up 25 % from $1,061.5 dollars per troy ounce on January 1 to $1,325.8 on June 31. Over this period the UK net imported 583 tonnes and GLD inventory mushroomed by 308 tonnes. In the month of June the UK gross imported 154.2 tonnes, up 22 % from May, and gross export was 1.9 tonnes, down 37 % from the previous...

It’s not shaping up to be a banner year for mergers and acquisitions in Europe. Deal value totaled about $400 billion as of July 26 and is on track to reach $800 billion by year-end, which will put it some $200 billion short of last year. And parts of the horizon beyond that aren’t exactly compelling, either: A Credit Suisse survey of European executives shortly after the U.K.’s June vote to leave the European Union found that the Brexit shock had already made business leaders more...

Swiss Franc The weak U.S. Retail Sales report let the euro improve against the dollar. We would have expected a stronger franc, given that the German growth was stronger (see more on the relationship between the German economy and CHF). Some technical movement after yesterday’s strong fall of EUR/CHF may have prevented that. Click to enlarge. United States There is a general consolidative tone in the capital...

The meltup continues with the S&P500 set to open at new all time highs as futures rise 0.2% overnight, with European, Asian stocks higher, as job data pushed MSCI Asia Pacific Index towards highest close since Aug. 2015. Germany, U.K. economic data seen positive, with dollar, oil rising, and gold declining. Global equities advanced with commodities and emerging markets on speculation the U.S. economy is strong enough to sustain growth while only triggering a gradual increase in interest...

Silver kangaroo coins have seen sales surge to over 10 million coins which is double the expected demand for the year. Silver Kangaroo Coins 1 oz (2016) Introduced to the market less than 11 months ago in September 2015 at a launch attended by GoldCore, sales of the new release Perth Mint’s 2016 Australian Kangaroo 1 ounce silver bullion coin were anticipated to reach 5 million coins in their introductory first year. Yet sales of the silver coins have already surged to a...

Silver kangaroo coins have seen sales surge to over 10 million coins which is double the expected demand for the year. Silver Kangaroo Coins 1 oz (2016) Introduced to the market less than 11 months ago in September 2015 at a launch attended by GoldCore, sales of the new release Perth Mint’s 2016 Australian Kangaroo 1 ounce silver bullion coin were anticipated to reach 5 million coins in their introductory first year....

Swiss Franc Click to enlarge. FX Rates The US dollar is trading with a small upside bias in narrow trading ranges.  The main news has consisted of PMI reports, while investors continue to digest last week’s developments. In particular the BOJ’s underwhelming response to poor economic data and a missed opportunity to reinforce the fiscal stimulus, and the dismal US GDP. The dollar has been pinned today in the lower...

The Trump and Clinton election is set to be one of the "ugliest" and "messiest" U.S. elections ever, astute gold analyst Frank Holmes warned this week. He believes this is a reason to own gold and will be one of the factors that will see a resumption of gold's bull market after the summer doldrums which we explore below. Republican presidential candidate Donald Trump delivers a speech at the Republican National Convention on July 21, 2016 (Photo by John Moore/Getty Images) Gold...

Around the world, central banks continue to cut interest rates and buy bonds to stimulate their sluggish economies. China is no exception to the monetary policy trend, with the People’s Bank of China cutting rates seven times since late 2014. But here’s the twist: Whereas for most corporates, borrowing costs have been falling in lockstep with central bank moves, a recent spike in defaults has left investors in Chinese corporate bonds on edge. At a time when the cost of money has...

The last time we wrote about the long-running saga of the scandalous collapse and constant corruption at the Malaysian state wealth fund, 1MDB, which also happened to be an unconfirmed slush fund for president Najib, was a month ago when we learned that the NY bank regulator was looking into fundraising by the fund’s favorite bank, Goldman Sachs. Then overnight, the story which already seemed like it has every possible...