Tag Archives: gold price

Run On The Pound ? Jeremy Corbyn Says Should Plan For – Right to plan for ‘run on pound’ if Labour wins says Corbyn and Labour party – British pound already down 20% since Brexit, collapse already in play– Run on the pound likely due to Labour’s ‘command economy’ approach– Collapse in Sterling would undermine UK financial system– Portfolios holding sterling and related assets would be significantly affected– Pension...

It has now been 318 trading days since the S&P 500 suffered a 5% drawdown – the 4th-longest streak since 1928… So everything is awesome… [embedded content] BUT…US ‘hard’ economic data has not been this weak (and seen the biggest drop) since Feb 2009… US Data Surprise Index, 2006 - 2017 - Click to enlarge Q3 Was a Roller-Coaster… Q3 was the 8th straight quarterly gain in a row for The Dow – the longest streak...

Gold finished sharply higher on Monday, recouping roughly half of last week’s loss, as declines in the U.S. stock market and growing tensions between the U.S. and North Korea lifted prices for the yellow metal to the highest settlement in more than a week. December gold rose $14, or 1.1%, to settle at $1,311.50 an ounce. Prices, which lost about 2.1% last week, saw their highest finish since Sept. 15, according to...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Back to the Happy Place Amid a Falling Dollar The prices of the metals dropped this week, $24 and $0.38. This could be because the asset markets have returned to their happy, happy place where every day the stock market ticks up relentlessly. Sometimes, happiness is fleeting… - Click to enlarge Dollar Bid Price The...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango.  Fundamental Developments There were big moves in the metals markets this week. The price of gold was up an additional $21 and that of silver $0.30. Will the dollar fall further?As always, we are interested in the fundamentals of supply and demand as measured by the basis. But first, here are the charts of the prices of...

– Gold hits $1,355/oz as USD at 32-month low -concerns about Trump, US economy– Silver and platinum 2.3% and 1.2% higher in week; palladium 3% lower– Euro Stoxx flat for week – S&P 500, Nikkei down 0.65% and 2.2%– Geo-political concerns including North Korea, falling USD push gold 2.1% in week – Gold prices reach $1,355 this morning following Mexico earthquake– Safe haven demand sees gold over one year high,...

– 4 reasons why “gold has entered a new bull market” – Schroders– Market complacency is key to gold bull market say Schroders– Investors are currently pricing in the most benign risk environment in history as seen in the VIX– History shows gold has the potential to perform very well in periods of stock market weakness (see chart)– You should buy insurance when insurers don’t believe that the “risk event” will happen–...

– Trump could be planning a radical “reboot” of the U.S. dollar– Currency reboot will see leading nations devalue their currencies against gold– New gold price would be nearly 8 times higher at $10,000/oz– Price based on mass exit of foreign governments and investors from the US Dollar– US total debt now over $80 Trillion – $20T national debt and $60T consumer debt– Monetary reboot or currency devaluation seen...

– Gold surges as N. Korea fires ballistic missile over Japan– Safe haven buying sees gold break out to 10-month high after Jackson Hole and rising North Korea risk of attack on Guam – South Korea’s air force dropped eight MK 84 bombs near Seoul;  simulating the destruction of North Korea’s leadership– Gold rises from $1,291 to $1,325; Silver surges 3.2% from $17.05 to $17.60– Volatility as seen in VIX surges as stocks...

​   Gold set to shine as Washington stumbles “Bet on gold’s diversifying properties rather than political stability” World’s largest asset manager believes Trump and political drama in the U.S. means gold likely to rise Real rates flattening out and rising political instability – Blackrock’s Koesterich “For now my bias would be to stick with gold” – Blackrock U.S. debt ceiling issue to be fractious as bankrupt U.S....