Articles related to gold market
 
Julian D. W. Phillips - Gold Forecaster
Gold and Silver Market Morning: Jan 25 2017 - Gold and Silver consolidating!
Gold Today–New York closed at $1,209.90on the 24th January after closing at $1,215.30 on the 23rd January.London opened at $1,203.25 today.Overall the dollar was stronger against global currencies early today. Before London’s opening: -The $: € was stronger at $1.0724: €1 from $1.0752: €1 yesterday.-The Dollar index was stronger at 100.31 from 100.20 yesterday. -The Yen was weaker at 113.69:$1 from yesterday’s 113.24 against the dollar. -The Yuan was weaker at 6.8766: $1, from 6.8534: $1, yester
Friday, February 16, 2018
Przemyslaw Radomski CFA - SunshineProfits
Strange Link between Inflation and Gold
It was a strange day. Inflation surged yesterday. But gold dropped initially, only to quickly reverse the fall and fly into the air. What happened? And – importantly – will gold soar on the inflation fuel? Inflation Rears Its Ugly Head (or Tries to, at Least) The recent payrolls report showed that wages had jumped 2.9 percent in January on an annual basis. It was the best result since 2009, which awakened fears of inflation. That’s why investors awaited yesterday’s data on consumer prices. On Tu
Thursday, February 15, 2018
Przemyslaw Radomski CFA - SunshineProfits
Things Only a True Friend Would Say About Gold
We live in very specific times. Getting a “like” on a post or picture becomes a necessary daily activity and means of self-validation. Not “liking” something that others posted or that is massively “liked” like may be frowned upon or even viewed as being disrespectful. Plus, it seems that no matter what you do, everyone gets offended very easily. When did honesty, independence and common-sense stop being virtues? When it comes to gold investments and gold investment analysis, it’s surprisingly s
Wednesday, February 14, 2018
Stewart Thomson - Graceland Update
Gold Stocks: “V” Bottom Blast-off
Gold has staged a superb rebound from the $1310 support zone, but that was overshadowed by the truly spectacular reversals taking place in most of the Western world’s gold stocks! This is the gold chart. I like the technical action being displayed right now. Here’s why: First, $1370 is massive resistance. It’s understandable that gold would build a modest head and shoulders top pattern after arriving at this key price zone. What’s especially positive is that gold has only modestly declined
Tuesday, February 13, 2018
Przemyslaw Radomski CFA - SunshineProfits
Key Change That Nobody Talks About
Last week, everyone focused on the stock market sell-off. Reasonably enough, given the pace of the declines. But the analysts failed to pay enough attention to the very important shift. That change may be more important than Trump’s victory in the presidential election. Will the critical switch make gold shine – or dull? Three Important Legacies of Yellen’s Fed Tenure A crucial change is behind us. Powell is the new boss. Yellen is out. For better or worse, she doesn’t serve as the Fed Chair any
Tuesday, February 13, 2018
Przemyslaw Radomski CFA - SunshineProfits
Mars and Mercury Decide the Fate of the U.S. Dollar and Gold
The U.S. dollar has been bleeding recently, despite all the Fed’s tightening efforts and the passage of Trump’s tax cuts. An accelerating economy, rising interest rates and pro-growth reforms should logically drive the value of the American currency. But they didn’t. Given the strong negative correlation between the greenback and gold, finding the cause behind the dollar’s wounds is highly critical. The most common explanation among analysts is Trump the Destroyer. It shouldn’t be surprising, as
Friday, February 9, 2018
Przemyslaw Radomski CFA - SunshineProfits
Three Truths about Stock Market Sell-Off Gold Investors Should Know
Until recently, the financial press was reporting confidence in the global economy in 2018. Participants at the World Economic Forum in Davos were full of optimism and they outdid each other in upgrading their forecasts. One week later, the global stock market plunged, making analysts stupefied. “As equities tumbled, gold should shine”, almost everyone thought. But that’s not what we saw. What really happened, then? Crash or Correction? – That Is the Question Global equities were a sea of red ov
Thursday, February 8, 2018
Mark O'Byrne - gold.ie
Peak Gold: Global Gold Supply Flat In 2017 As China Output Falls By 9
Peak Gold: 2017 Supply Flat As China Output Falls By 9% – China gold production falls by 9% to 420.5t in 2017– Chinese gold demand rose 4% to 953.3t in same period– China is largest producer and accounts for 15% of global gold production– China does not export gold. Increasing foreign gold acquisitions to meet demand– Global gold production flat – 3,269t in ’17 from 3,263t in ’16, smallest increase since ’08–  is here: supply set to fall gradually while global demand remains robust Editor: Mark
Thursday, February 8, 2018
Przemyslaw Radomski CFA - SunshineProfits
Upcoming Turnaround in Mining Stocks
The price of no asset can move up or down in a straight line, so why should mining stocks be any different? They have been declining relentlessly for almost 2 weeks, erasing more than 10% of their value. Sharp? Definitely. Unsustainable? Perhaps. When will the turnaround take place? It depends. It depends on the bullish signs and confirmations that we get. The correct question to be asking now is: “Why do we need any confirmations at all?” The reply is that because the situation is tense as ther
Wednesday, February 7, 2018
Mark O'Byrne - gold.ie
Crypto Currency Backlash Sees Flight From Cryptos and Bitcoin
– Bitcoin falls from $20,000 to below $6,000 and bounces back to $8000– Top 50 crypto currencies lost over 50% of value in 24 hours– Over $60 billion wiped off entire crypto currency market in 24 hours– Markets concerned about increased regulation, manipulation & country-wide bans– ‘Growing global unease about risks virtual currencies pose to investors and financial system’ – SEC– Gold acting as store of value from “correcting” stock markets & crashing cryptos – Gold is essentially flat in recen
Wednesday, February 7, 2018
Przemyslaw Radomski CFA - SunshineProfits
Will Hawkish Fed and Strong Payrolls Blow Out Gold Rally?
At the end of last week, gold encountered a couple of headwinds. Will they topple the yellow metal? First Gust of Wind: Fed As we predicted, the last FOMC meeting turned out to be more hawkish than expected. On January 30, we wrote: (…) the Fed has its own meeting this week. We could see a hawkish strike, especially that it will be the last Yellen’s meeting and she has nothing to lose. The changing composition of the policy committee could also point to a more aggressive pace of rate hikes in 20
Tuesday, February 6, 2018
Mark O'Byrne - gold.ie
Gold Rises As Global Stocks Plunge and Bitcoin Crashes 70
– Gold gains 0.6% in USD and surges 1.7% in euros and pounds – European stocks fall more than 3% at the open after sharp falls in Asia – DJIA falls 1,175 points, S&P 500 down 4.1% and Nikkei plummets 4.7%– Gold rises from $1,330 to $1,342, £942 to £960 and €1,067 to €1,085 /oz– Bitcoin crashes another 10% and has now plummeted by 70% to below $6,000 – Increased risk aversion will drive safe haven demand for gold as its hedging properties are appreciated again  Source: Bloomberg via Mining.com Go
Tuesday, February 6, 2018
Chris Powell - GATA
Robert Lambourne: BIS gold derivatives fall in December but remain hefty
* * * By Robert Lambourne Disclosures in the December 2017 statement of account published by the Bank for International Settlements -- https://www.bis.org/banking/balsheet/statofacc171231.pdf -- indicate that during December the bank reduced substantially its use of gold swaps and other gold-related derivatives. The information provided in the BIS monthly statement of account is not sufficient to calculate a precise amount of gold-related derivatives, including swaps, but it appears that the tot
Tuesday, February 6, 2018
BullionStar - Bullion Star
Your Weight in Gold
The traditional phrase “worth your weight in gold” has been used since Roman times, and is a well-known saying signifying that someone or something is very valuable, helpful, or to be treasured. But taken literally, what ‘value’ would a person be worth if they were worth their own weight in gold? For a given gold price, the answer not surprisingly depends on the person’s weight, so a more suitable and relevant question might be what value would an average person be worth if they were worth their
Monday, February 5, 2018
Przemyslaw Radomski CFA - SunshineProfits
Will the Great Unwind Sink Gold?
In the August 2017 edition of the Market Overview, we analyzed the hawkish turn among major central banks. We pointed out that “Europe has recently been among the most surprising positive economic regions in the world”, which should induce the ECB to taper its quantitative easing program in the fall, supporting both the EUR/USD exchange rate and the price of gold. This is exactly what happened. The dollar lost more than 3 percent in 2018 against the euro, while gold jumped above $1,350 (as of Ja
Friday, February 2, 2018
Chris Powell - GATA
Ronan Manly: LBMA promises transparency but never delivers
Gold researcher Ronan Manly today examines the years-long racket of the London Bullion Market Association's promising greater transparency in the gold market while always failing to deliver. Manly's analysis is headlined "What's Happening (or Not) at the LBMA: Some Updates" and it's posted at Bullion Star here: https://www.bullionstar.com/blogs/ronan-manly/whats-happening-not-lbma-u...
Friday, February 2, 2018
The Gold Report
Is the Shine Coming Back to Silver?
Technical analyst Clive Maund sees upside in the charts for silver. Since gold and silver are "joined at the hip," much of what is written about gold and the dollar in the parallel Gold Market update applies equally to silver, so here we will look mainly at the points that need to be made separately for silver. The first point that we will look at is that silver's giant Head-and-Shoulders bottom pattern is downsloping compared to the flat-topped one for
Friday, February 2, 2018
Przemyslaw Radomski CFA - SunshineProfits
Four Key Trends for Gold Market in 2018
The World Gold Council published its gold market outlook for 2018. Will gold continue its January rally or should we expect declines? Solid Gold’s Performance in 2017 The World Gold Council begins its report with a short summary of 2017. The organization points out that gold performed relatively well, given the fact that the global economy picked up, risk assets rose in value, while the Fed hiked interest rates three times. Against this backdrop, the price of gold in U.S. dollars rose 13.5 perce
Thursday, February 1, 2018
Ronan Manly - Bullion Star
What’s Happening (or Not) at the LBMA: Some Updates
This article is in 3 parts and covers a) upcoming trade reporting in the London gold market which is being led by the London Bullion Market Association (LBMA), b) the recent publication by the LBMA of a Guide to the London OTC precious metals markets, and c) an update on monthly vault reporting which the LBMA and the Bank of England launched in 2017. LBMA Trade Reporting The lack of trade reporting in the London gold market is possibly one of the biggest ommissions in global financial markets, s
Thursday, February 1, 2018
Stewart Thomson - Graceland Update
Gold Stocks: An Inflationary Money Train
Technically and fundamentally, gold is poised to resume its magnificent rally that is taking investors into what I call a “bull era.” The next FOMC meeting announcement is tomorrow. I expect the Fed to strongly signal more rate hikes and ramped up quantitative easing. There’s an outside chance that bank deregulation is addressed, but that’s likely going to happen in the next meeting. Regardless, everything the Fed is doing is positive for inflation, negative for government bonds, and negative
Wednesday, January 31, 2018
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