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 | Keith Weiner - Monetary Metals |
| Falling Productivity of Debt |
| Last week, we discussed the ongoing fall of dividend, and especially earnings, yields. This Report is not a stock letter, and we make no stock market predictions. We talk about this phenomenon to make a different point. The discount rate has fallen to a very low level indeed.
Discount in stocks is how you assess the present-day value of earnings to occur in the future. For example, if the discount rate is 10%, then a dollar of earnings per share at Acme Piping next year is worth $0.90 today. AtWednesday, October 18, 2017 |
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 | Stewart Thomson - Graceland Update |
| Gold: Texbook Pullback In Play |
| Gold’s recent rally from the $1268 area lows has stalled, and the reasons for that are both fundamental and technical.
This is the daily gold chart. Gold fell about $100 from the $1362 area highs as seasonally soft Chinese buying was accompanied by a collapse in Indian demand.
That collapse was caused by the “Know Your Client” rule imposed by the government on gold jewellery purchases.
The price decline was exacerbated by the “Golden Week” holiday in China. Also, the Chinese government chopTuesday, October 17, 2017 |
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| Bullion Vault |
| Gold Prices Subdued Despite Re-emerged Geopolitical Tensions and Indian Festivals |
| GOLD PRICES extended their fall on Tuesday morning in London as the Dollar continued to rise amid speculation off potential new Fed chief and continuing geopolitical tensions in the Middle East and the Korean peninsula, writes Steffen Grosshauser at BullionVault.
Gold slid to $1288 after touching a 3-week high in the previous session before falling through the key level of $1300 per ounce.
Silver tracked gold and dropped to $17.08 per ounce after it had already started faTuesday, October 17, 2017 |
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 | Richard Mills - Ahead of the Herd |
| Lithium Supercycle |
| The truth, in regards to the world’s mineral resources, is that we in the western developed countries are usually not in control of supply.
“The spectre of resource insecurity has come back with a vengeance. The world is undergoing a period of intensified resource stress, driven in part by the scale and speed of demand growth from emerging economies and a decade of tight commodity markets. Poorly designed and short-sighted policies are also making things worse, not better. Whether or not resouTuesday, October 17, 2017 |
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 | Mark O'Byrne - gold.ie |
| Puerto Rico Without Electricity, Wifi, ATMs Shows Importance of Cash, Gold and Silver |
| – Puerto Rico without electricity, wifi, ATMs shows importance of cash, gold and silver
– Most of Puerto Rico remains in the dark and without power three weeks after storm
– With widespread power failures, Puerto Rico remains cash only with retailers only accepting cash and few consumer having cash
– Shortages of food, fuel and medicine with infrastructure repairs delayed
– Power could be ‘out for months’ as 85% of people remain off the grid
– Around 75% of ATMs disconnected
– Electronic forms oMonday, October 16, 2017 |
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 | Koos Jansen - Bullion Star |
 The Gold-Backed-Oil-Yuan Futures Contract Myth |
| On September 1, 2017, the Nikkei Asian Review published an article titled, “China sees new world order with oil benchmark backed by gold”, written by Damon Evans. Just below the headline in the introduction it states, “China is expected shortly to launch a crude oil futures contract priced in yuan and convertible into gold in what analysts say could be a game-changer for the industry”. Not long after the Nikkei piece was released ‘the story’ was widely copied in sensational analyses throughout tMonday, October 16, 2017 |
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 | The Gold Report |
| Jack Chan's Weekly Precious Metals Update |
| Technical analyst Jack Chan charts the latest moves in the gold and silver markets.
Our proprietary cycle indicator is up.
The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.
The gold sector is on a short-term buy signal. Short-term signals can last for days and weeks, and are more suitable for traders.
Speculation favors overall higher gold pricMonday, October 16, 2017 |
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 | Nathan Lewis - New World Economics |
| The Silliness of the Bretton Woods Years |
| We’re continuing our look into One Nation Under Gold (2017), by James Ledbetter.
October 2, 2017: One Nation Under Gold (2017), by James Ledbetter
Ledbetter glided quickly over the period from 1914 to 1931, taking up the story again in earnest with the British devaluation of 1931 and, especially, the U.S. devaluation of 1933. This was treated with some interesting detail. However, Ledbetter made almost no mention of the fact that the U.S. returned to gold at the beginning of 1934 at $35/oz., andMonday, October 16, 2017 |
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 | Phoenix Capital - Gains Pains & Capital |
| Zimbabwe Inflates, Again… |
| In November 2008, Zimbabwe experienced the second highest recorded inflation rate in history, and with that, it entered the Hanke-Krus World Hyperinflation Table. That’s when the annual inflation rate reached a peak of 89.7 sextillion (10^21) percent (see table below).
At this point, prices were doubling every 24.7 hours. During Zimbabwe’s hyperinflation episode (2007-2008), the Reserve Bank of ZimSunday, October 15, 2017 |
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 | Alasdair Macleod - Finance and Eco. |
| Oil for gold – the real story |
| Following an article in the Nikkei Asia Review, which reported China will shortly introduce an oil futures contract priced in yuan, there has been some confusion about what it means. The article pointed out that in combination with existing gold futures priced in yuan, an oil exporter to China contracting to accept yuan could use these two futures contracts to take delivery of physical gold in payment for oil.I was quoted in that article as follows:"It is a mechanism which is likely to appeal toSunday, October 15, 2017 |
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 | Chris Powell - GATA |
| The Economist: The internationalization of China's currency has stalled |
| On October 18 President Xi Jinping will preside in Beijing over the most important political event in five years. At the Communist Party's 19th congress much will be made of the triumphs achieved in nearly four decades of reform and opening up. So expect a glossing over of one part of that process where progress has largely stalled: the “internationalisation” of China's currency, the yuan.
This seems odd. Just a year ago the yuan became the fifth currency in the basket that forms the IMF's SpeciSaturday, October 14, 2017 |
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 | John Butler - Goldmoney |
Common commodity misconceptions  |
| Commodities are the most basic economic goods, providing essential inputs into progressively more complex goods at advanced stages of production. Yet the economic mainstream generally fails to understand commodities, treating them as distinct from the processes whereby they are created and the processes they subsequently enable, when in fact they are an integral part of a dynamic, complex, adaptive economic system. A correct understanding of commodities is essential if we are to understand what Saturday, October 14, 2017 |
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 | Gary Tanashian - Biwii |
| Update on Q4 Pivot View for Stocks and Gold |
| By Gary TanashianReference a post from August 11: Potential Pivots Upcoming for Stocks and GoldStock Market StatusIn the above-linked article we noted several legs that could be kicked out from under the S&P 500’s table in Q4 2017. The stock market blew right through one of them, which was a bearish (on average) seasonal trend for the 2nd half of September. No one indicator is a be all, end all. In sum, they define probabilities. But price is the ultimate arbiter and as of today, price says ‘stiFriday, October 13, 2017 |
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 | Jan Skoyles - GoldCore |
| U.S. Mint Gold Coin Sales and VIX Point To Increased Market Volatility and Higher Gold |
| – US Mint gold coin sales and VIX at weakest in a decade
– Very low gold coin sales and VIX signal volatility coming
– Gold rises 1.7% this week after China’s Golden Week; pattern of higher prices after Golden Week
– U.S. Mint sales do not provide the full picture of robust global gold demand
– Perth Mint gold sales double in September reflecting increased gold demand in both Asia and Europe
– Middle East demand likely high given geopolitical risks
– Iran seeing increased gold demand and Iran’sFriday, October 13, 2017 |
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 | Przemyslaw Radomski CFA - SunshineProfits |
| Yuan and Gold |
| In the previous editions of the Market Overview, we have already analyzed the relationship between gold and some major world currencies, such as the U.S. dollar, the euro, or the Japanese yen. But what is the link between the Chinese yuan (officially: renminbi) and the yellow metal? Let’s check it out.
Chart 1: The USD/CNY exchange rate (red line, right axis) and the price of gold (yellow line, left axis, London P.M. Fix) from January 1981 to September 2017.
As one can see in the chart above,Friday, October 13, 2017 |
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| Chris Powell - GATA |
| Alasdair Macleod: Oil for gold -- the real story |
| Developing trade in oil and gold with the yuan is part of China's careful plan to internationalize its currency and escape the political control the United States imposes on the world with the dollar, GoldMoney research director Alasdair Macleod writes today. He adds that while the plan anticipated gradual implementation, international events seem to be hastening it. Macleod's analysis is headlined "Oil for Gold -- The Real Story" and it's posted at GoldMoney here:
https://www.goldmoney.com/reseFriday, October 13, 2017 |
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 | Jason Hamlin - Gold Stock Bull |
| Gold, Gold Stocks, and Gold Favorable News |
| Recent News:
Four hurricanes arrived in six weeks. Harvey, Irma, Maria, and Nate have caused hundreds of billions in damage to the US. Repairs and human misery will continue for months or years. Many will never return to Puerto Rico, Houston, and Florida. Where will they go and what will it cost?
Regardless, it means higher deficits, more debt, a weaker dollar and higher gold prices!
Wildfires, literal and figurative:
California wine country is burning out of control as of October 11.
Friday, October 13, 2017 |
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 | Jordan Roy Byrne - The Daily Gold |
| US Dollar Outlook and What it Means for Gold |
| By Jordan Roy-Byrne CMT, MFTAThe US Dollar Index (USDI) bottomed in September a hair below 91.00 and has recently rallied up to 94. We were skeptical Gold would break its 2016 highs as it failed to show strong performance in the wake of the USDI’s decline to new lows. The market was discounting a coming rebound in the USDI and/or future weakness in Gold. In any event, although the USDI broke key levels which leave its bull market in question, it became quite oversold and was due for a sustained Friday, October 13, 2017 |
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| Bullion Vault |
| Gold Price Hits 2-Week Dollar, Euro High Ahead of Catalan 'Independence' as Shanghai Premium Leaps, Turkish Lira Sinks |
| The GOLD PRICE touched 2-week highs for Dollar and Euro investors on Tuesday, extending the metal's rally from Friday's 8-week low to 2.4% as world stock markets slipped further from last week's new record high.
Major government bond prices also slipped with stocks, edging yields higher.
Betting on the likelihood of a US interest-rate rise when the Federal Reserve meets in December
Thursday, October 12, 2017 |
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| Przemyslaw Radomski CFA - SunshineProfits |
| Catalan Declaration of Independence and Gold |
| Yesterday, Catalan leaders signed a declaration of independence. What does it mean for the gold market?
So it really happened. On Tuesday, the Catalan President, Carles Puigdemont, signed a document declaring Catalonia’s independence from Spain. He also delivered a speech in the regional parliament saying that the recent referendum gave his government the mandate to create a sovereign state: “I assume the mandate that Catalonia should become an independent state in the form of a republic.” (By tThursday, October 12, 2017 |
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