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USA GOLD - USA Gold
Shanghai Gold Exchange to offer yuan-back futures contract in Budapest
South China Morning Post/Maggie Zhang/06-21-17 China is looking to expand the use of its yuan-denominated gold fix overseas, the chairman of the mainland China’s sole gold bourse said on Wednesday, reflecting on Beijing’s attempt to vie for a bigger say in the price-setting of the precious metal. It is now expected that a gold futures contract based on China’s yuan-backed gold benchmark price could be listed on the Budapest Stock Exchange in Hungary as soon as the second half of this year, said
Thursday, June 22, 2017
Chris Powell - GATA
Shanghai Gold Exchange to offer yuan-back futures contract in Budapest
By Maggie Zhang South China Morning Post, Hong Kong Wednesday, June 21, 2017 China is looking to expand the use of its yuan-denominated gold fix overseas, the chairman of the mainland China's sole gold bourse said today, reflecting on Beijing's attempt to vie for a bigger say in the price-setting of the precious metal. It is now expected that a gold futures contract based on China's yuan-backed gold benchmark price could be listed on the Budapest Stock Exchange in Hungary as soon as the second h
Wednesday, June 21, 2017
Julian D. W. Phillips - Gold Forecaster
Gold Market Morning: June-21-2017: Gold still stabilizing below $1,250
Gold Today–New York closed at $1,243.50 yesterday after closing at$1,251.5 yesterday.London opened at $1,246.00 today.Overall the dollar was slightly stronger against global currencies, early today. Before London’s opening:-The $: € was slightly stronger at $1.1145 after yesterday’s$1.1155: €1.-The Dollar index was stronger at 97.66 after yesterday’s 97.57.-The Yen was stronger at 111.14 after yesterday’s 111.39:$1. -The Yuan was slightly weaker at 6.8264after yesterday’s 6.8258: $1. -The Pound
Wednesday, June 21, 2017
Julian D. W. Phillips - Gold Forecaster
Gold and Silver Market Morning: June 19 2017 - Gold stabilizing around $1,250!
Gold Today–New York closed at $1,256.50 Friday after closing at$1,254.60 Thursday.London opened at $1,250.20 today.Overall the dollar was slightly weaker against global currencies, early today. Before London’s opening: -The $: € was slightly weaker at $1.1188 after Friday’s$1.1174: €1.-The Dollar index was slightly weaker at 97.24 after Friday’s 97.34.-The Yen was stronger at 111.18 after Friday’s 111.31:$1. -The Yuan was almost unchanged at 6.8154after yesterday’s 6.8152: $1. -The Pound Sterlin
Monday, June 19, 2017
Julian D. W. Phillips - Gold Forecaster
Gold’s Pricing Power Moving East - Part 2
China excluded from the global gold price or arbitrage includes it?China is unhappy that gold prices should be driven by U.S. and dollar concerns. But many state that because there is no free flow of gold in and out of China, China will remain a parochial market, not integrated into the global gold market. Nothing is now further from the truth.The author has worked with successful arbitrageurs in London in the past, so we can clearly see that through the London and Shanghai Gold Exchanges via bu
Monday, June 19, 2017
Charleston Voice
  Global Times - Hard lessons from China's silver standard 
History will repeat, but this time around America will not be able to coin silver Trade Dollars to conduct trade with Asia. Oops. Oh, where O where did my empire go? Source: Caijing.com.cn  [08:30 July 15 2009] Chinese macroeconomic historian Ray Huang used to say the Qing Dynasty never understood monetary and fiscal policy, and therefore was unable to compete against the West. In those days, monetary policy in China was essentially tied to silver, the national money standard since t
Sunday, June 18, 2017
Hugo Salinas Price - Plata.com
This Insubstantial Pageant Faded...
We are living in a dream-world. All so-called money in the world is dream-money that consists of digits issued by Central Banks; the so-called "Reserves" of these Central Banks consist of digits issued by a small group of official digit-issuers, the Central Banks of the US, the Euro area, England, Japan, Switzerland and now recently, of China. Now a select group of digit-issuers, which are not Central Banks, have come into the dream-money world: the principal one is the group of so-called "min
Friday, June 16, 2017
Julian D. W. Phillips - Gold Forecaster
Gold Market Morning: June-16-2017: Gold stabilizing after the Fed
Gold Today–New York closed at $1,254.60 yesterday after closing at$1,262.70 Wednesday.London opened at $1,255.70 today.Overall the dollar was slightly stronger against global currencies, early today. Before London’s opening:-The $: € was slightly weaker at $1.1174 after yesterday’s$1.1164: €1.-The Dollar index was slightly stronger at 97.34 after yesterday’s 97.28.-The Yen was weaker at 111.31 after yesterday’s 109.65:$1. -The Yuan was weaker at 6.8152after yesterday’s 6.8019: $1. -The Pound Ste
Friday, June 16, 2017
USA GOLD - USA Gold
ECB shifts some reserves to yuan from U.S. dollars
Reuters/Balazs Koranyi/06-13-17 The European Central Bank has switched 500 million euros worth of its U.S. dollar reserves to yuan, reflecting the increased use of the Chinese currency and Beijing’s importance as one of the euro area’s largest trading partners, it said on Tuesday. “The ECB sold a small portion of its US dollar holdings, which remain the largest portfolio, leaving the overall size of the ECB’s foreign reserves unchanged. “The ECB’s foreign reserves now comprise US dollars, Japane
Friday, June 16, 2017
Michael J. Kosares - USA Gold
ECB buys renminbi for reserves
The Financial Times reports this morning that the European Central Bank gave a “seal of approval” to the Chinese renminbi with a purchase of 500 million euros worth  of the currrency for its reserves – a small transaction but with “huge symbolic significance.”  It is also important symbolically that the ECB sold dollars to purchase the renminbi. This ECB purchase may be the most important development to date with respect to China’s establishing the yuan as a global reserve currency, and a respon
Thursday, June 15, 2017
Julian D. W. Phillips - Gold Forecaster
Gold Market Morning: June-14-2017 -- Gold waiting for the Fed!
Gold Today–New York closed at $1,268.60 yesterday after closing at$1,268.90 Monday.London opened at $1,267.24 today.Overall the dollar was slightly weaker against global currencies, early today. Before London’s opening:-The $: € was slightlyweaker at $1.1217 after yesterday’s$1.1212: €1.-The Dollar index was weaker at 96.92 after yesterday’s 97.04.-The Yen was slightlystronger at 110.14 after yesterday’s 110.16:$1. -The Yuan was slightly stronger at 6.7976after yesterday’s 6.7979: $1. -The Pound
Thursday, June 15, 2017
Julian D. W. Phillips - Gold Forecaster
Gold Market Morning: June-13-2017: Gold waiting for the Fed tomorrow!
Gold Today–New York closed at $1,268.90 yesterday after closing at$1,266.00 Friday.London opened at $1,262 today.Overall the dollar was slightly weaker against global currencies, early today. Before London’s opening:-The $: € was slightly stronger at $1.1212 after yesterday’s$1.1220: €1.-The Dollar index was slightly weaker at 97.04 after yesterday’s 97.13.-The Yen was slightly weaker at 110.16 after yesterday’s 109.94:$1. -The Yuan was slightly stronger at 6.7979after yesterday’s 6.7985: $1. -T
Wednesday, June 14, 2017
Michael Pento - Delta Global Advisors
Manipulated and Made-up Markets 
The economic ruse that is run by Communist China is growing bigger by the day. The formula behind what has been the Great Red Engine of global growth is really very simple: Print new money and funnel it through the state-owned banking system in order to entice businesses and individuals to incur a debilitating amount of non-productive debt. Historically speaking, countries that have utilized this ersatz form of economics have suffered a currency and bond market crisis. But the command and contro
Monday, June 12, 2017
Julian D. W. Phillips - Gold Forecaster
Gold Market Morning: June-12-2017: Gold finds bottom and is reacting to currency moves now!
Gold Today–New York closed at $1,266.00 Friday after closing at$1,279.50 Thursday.London opened at $1,267.00 today.Overall the dollar was weaker against global currencies, early today. Before London’s opening:-The $: € was weaker at $1.1220after Friday’s$1.1178: €1.-The Dollar index was weaker at 97.13 after Friday’s 97.44.-The Yen was stronger at 109.94 after Friday’s 110.37:$1. -The Yuan was slightly stronger at 6.7985after Friday’s 6.7988: $1. -The Pound Sterling was weaker at $1.2704 after F
Monday, June 12, 2017
Deepcaster
PROFIT/PROTECT from Looming MEGA-RISKS
Mega-Risks Loom in the Next very few months and most will be realized. But for Investors properly positioned, they Provide Very Substantial Profit and Wealth Protection Opportunities. First let’s examine the Risks, then the Profit Opportunities.MEGA-RISKSChinaPerhaps the Main One will be the slowdown in growth in China, the world’s second largest economy. This Slowdown will be Caused mainly by China’s serious drive to restrain unsustainable credit growth.Indeed, credit outstanding (including to
Saturday, June 10, 2017
Julian D. W. Phillips - Gold Forecaster
Gold Market Morning: June-9-2017: Gold fell but continues to consolidate!
Gold Today–New York closed at $1,279.50 yesterday after closing at$1,293.20 Wednesday.London opened at $1,275.00 today.Overall the dollar was stronger against global currencies, early today. Before London’s opening:-The $: € was stronger at $1.1178after yesterday’s$1.1232: €1.-The Dollar index was stronger at 97.44 after yesterday’s 96.89.-The Yen was weaker at 110.37 after yesterday’s 110.07:$1. -The Yuan was slightly weaker at 6.7988after yesterday’s 6.7954: $1. -The Pound Sterling was much we
Friday, June 9, 2017
Julian D. W. Phillips - Gold Forecaster
Gold Market Morning: June-8-2017: Gold consolidating, wating through U.K. elections and Draghi
Gold Today–New York closed at $1,293.20 yesterday after closing at$1,293.80 Tuesday.London opened at $1,284.00 today.Overall the dollar was slightly stronger against global currencies, early today. Before London’s opening:-The $: € was slightly stronger at $1.1232after yesterday’s$1.1254: €1.-The Dollar index was stronger at 96.89 after yesterday’s 96.73.-The Yen was weaker at 110.07 after yesterday’s 109.30:$1. -The Yuan was slightly weaker at 6.7954after yesterday’s 6.7931: $1. -The Pound Ster
Thursday, June 8, 2017
Mish - Global Economic Analysis
China Exports, Imports Soar: Global Trade Outlook Improving?
Chinese exports accelerated in May. The New York Times notes China May Exports, Imports Beat Forecasts. Bloomberg says the Global Trade Outlook Brightens. Really? China’s overseas shipments accelerated in May from a year earlier, as global demand shows signs of picking up. Exports rose 8.7 percent in May in dollar terms, the customs administration said Thursday. Imports increased 14.8 percent, leaving a trade surplus of $40.81 billion dollars. In yuan terms, exports rose 15.5 percent and import
Thursday, June 8, 2017
Julian D. W. Phillips - Gold Forecaster
Gold Market Morning: June-7-2017: Gold pausing before tackling $1,300!
Gold Today–New York closed at $1,293.80 yesterday after closing at$1,279.60 Monday.London opened at $1,292.65 today.Overall the dollar was slightly weaker against global currencies, early today. Before London’s opening: -The $: € was slightly weaker at $1.1254after yesterday’s$1.1246: €1.-The Dollar index was slightly weaker at 96.68 after yesterday’s 96.73.-The Yen was stronger at 109.30 after yesterday’s 109.52:$1. -The Yuan was stronger at 6.7931after yesterday’s 6.7954: $1. -The Pound Sterli
Wednesday, June 7, 2017
Bullion Vault
Buying Gold on Dips 'the Way Forward' But ETFs Quiet, Middle East Tensions Spread
BUY GOLD prices retreated from 7-week highs against the Dollar on Wednesday, dipping below $1290 per ounce as world stock markets rallied from yesterday's drop but crude oil continued to fall despite worsening Middle East tensions. The self-declared Islamic State group claimed responsibility for 12 murders in Iran's capital Tehran, with gunmen today attacking a session of Parliament and a suicide bomber attacking the tomb of radical
Wednesday, June 7, 2017
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