Articles related to gold market
 
Chris Powell - GATA
Dave Kranzler: Why is the BIS flooding the system with gold?
Gold swaps by the Bank for International Settlements, Dave Kranzler of Investment Dynamics writes today, correlate inversely with the gold price. That is, the more gold is swapped by the BIS, the more metal is made available to bullion banks for sale into the market and shipment to Asia to prevent demand there from boosting gold's price. The recent explosive rise in gold swaps by the BIS, disclosed Saturday by GATA consultant Robert Lambourne -- http://www.gata.org/node/17646 -- "explains the cu
Tuesday, September 19, 2017
Chris Powell - GATA
Bullion Star: Gold demand within the Chinese gold market
Bullion Star this week presents a primer on gold demand in China, arguing that it is far larger than the demand calculated by the World Gold Council. Bullion Star's report is headlined "Gold Demand within the Chinese Gold Market" and it's posted here: https://www.bullionstar.com/gold-university/gold-demand-within-the-chine...
Sunday, September 17, 2017
Chris Powell - GATA
BIS gold swaps soar from zero to record high
* * * By Robert Lambourne Saturday, September 16, 2017 Disclosures in the August statement of account published by the Bank for International Settlements indicate that during August the bank increased substantially its use of gold swaps. An estimated 130 tonnes of new gold swaps were made last month, worth about $5.9 billion at the month-end gold price, and the total level of gold swaps at the end of August was close to 500 tonnes. This is the BIS' highest level of gold swaps recorded since th
Saturday, September 16, 2017
Adam Hamilton - Zealllc
Gold Investment Resuming
Gold has surged dramatically to major breakouts since its usual summer-doldrums lows.  That’s naturally rekindled interest in this leading alternative investment, despite the record-high stock markets.  Investors are starting to return to gold again to prudently diversify their stock-heavy portfolios.  That’s very bullish for gold, as investment capital inflows can persist for months or even years.  This shift is most evident in GLD. The American SPDR Gold Shar
Friday, September 15, 2017
Chris Powell - GATA
GoldSeek's Peter Spina notes death of market analyst Julian D.W. Phillips
GoldSeek's Peter Spina today reports the death of veteran gold market analyst Julian D.W. Phillips, whose work long was published at GoldSeek and other financial news internet sites: http://news.goldseek.com/PeterSpina/1505451599.php
Friday, September 15, 2017
Chris Powell - GATA
Gold researcher Jansen skeptical about supposed China oil contract backed by gold
In comments to The Daily Coin's Rory Hall this week, gold researcher Koos Jansen expresses great skepticism about the recent report by the Nikkei Asian Review -- https://asia.nikkei.com/Markets/Commodities/China-sees-new-world-order-w... -- asserting that China is planning to do its oil business in yuan convertible into gold at the Shanghai and Hong Kong exchanges. Jansen doesn't see how oil contacts can be directly related to gold as China's gold market is currently structured, and he notes tha
Friday, September 15, 2017
Chris Powell - GATA
  'No evidence' of gold market manipulation, CPM Group's Christian insists
Interviewed today by Daniela Cambone of Kitco News, Jeff Christian, managing partner of metals consultancy CPM Group, declares that complaints of manipulation of the gold market are "just nonsense" for which there is "no evidence." Unfortunately Cambone failed to ask Christian to respond to even one of the many documents of gold market rigging by governments and central banks, like those GATA has compiled here -- http://www.gata.org/node/14839 -- nor even about Deutsche Bank's recent confession
Friday, September 15, 2017
Jason Hamlin - Gold Stock Bull
Harvey, Irma, Gold and Bad Options
In the Previous Three Weeks: Gold rose over $1,330. Silver reached $18.00. The DOW almost reached another all-time high. Hurricane Harvey slammed into the Texas coast, flooded Houston, and caused massive damage. Hurricane Irma crashed into Florida and created flooding and huge damage, although a late move west reduced potential destruction. China is preparing a crude oil contract that will allow oil exporters to sell their crude on a Chinese exchange and be paid in yuan, which can be sold on a
Friday, September 15, 2017
Sprott Money
Gold, Blockchain Technology and Belt Road Initiative - Rory Hall
Most people reading this are well aware of the fact that China and Russia have been acquiring gold for the past several years. Russia just added another 12.44 tons, in July 2017, to their continually growing gold hoard. China, on the other hand, has not added a single ounce of gold to their “official” gold hoard since October 2016. China, instead, has been adding gold mines to their increasing resources hoard. Why add a few tons each month to your gold hoard when you can acquire productive
Sunday, September 10, 2017
Charleston Voice
FOMC Minutes from 1967 Illuminating Central Bank Gold Price Suppression, Market Manipulations
The issue before us here is not so much the mechanics of deception, but the tenacity and conviction of the banking cartel to use any means to protect themselves.
Sunday, September 10, 2017
Przemyslaw Radomski CFA - SunshineProfits
BoC Second Hike in 2017 and Gold
On Wednesday, the Bank of Canada raised its interest rates for the second time in 2017. What does it imply for the gold market? Given the stronger-than-expected economic performance (the GDP rose jumped 4.5 percent in the second quarter), the Bank of Canada increased its target for the overnight rate from 0.75 percent to 1 percent. The bank rate and the deposit rate, which create the operating band, were raised to 1.25 percent and 0.75 percent, correspondingly. As one can see in the chart below,
Friday, September 8, 2017
Przemyslaw Radomski CFA - SunshineProfits
Will Gold Break Out of Sideway Trading?
Since July 11, gold has been in a short-term upward trend. The yellow metal has gained more than 8 percent since then until the end of August, mainly thanks to the depreciation of the U.S. dollar, as one can see in the chart below. Chart 1: Gold prices (yellow line, left axis, London P.M. fix) and the U.S. dollar index (red line, right axis, trade weighted index against major currencies). The U.S. dollar index declined because of political turmoil in the Trump administration and the narrowing
Friday, September 8, 2017
Michael J. Kosares - USA Gold
When the United States Owned Most of the Gold on Earth
Few Americans know that, just after World War II, the United States owned most of the gold bullion on earth – about 22,000 metric tonnes. In fact by 1945, it owned over 80% of the gold held by nation-states and central banks – an impressive display of economic power. Now it owns just over 8000 metric tonnes, which repr
Thursday, September 7, 2017
Przemyslaw Radomski CFA - SunshineProfits
Harvey and Gold
Last week, hurricane Harvey devastated parts of the U.S. What does it mean for the gold market? On Friday, Hurricane Harvey made landfall in Texas (and later in Louisiana), causing catastrophic flooding. The storm caused at least 71 confirmed deaths in the U.S. (and 1 in Guyana), inundated hundreds of thousands of homes and displaced more than 30,000 people. It’s probably the worst disaster in Texas history and the second-most costly in the U.S. history. Economic losses are estimated at $81 bill
Thursday, September 7, 2017
Przemyslaw Radomski CFA - SunshineProfits
6th North Korean Nuclear Test and Gold
On Sunday, North Korea conducted another nuclear test. What does it imply for the gold market? The crisis over the Korean Peninsula tightened again after a short period of calm. On August 15, Kim Jong-un said he was delaying a decision on firing missiles towards Guam to see what Trump does next, which helped to ease the tensions between North Korea and the U.S. However, the regime launched ballistic missile over Japan on August 29 (after firing a few Scud missiles on August 26). And three days a
Wednesday, September 6, 2017
Jan Skoyles - GoldCore
Physical Gold In Vault Is “True Hedge of Last Resort” – Goldman Sachs
– Physical gold is “the true currency of the last resort” – Goldman Sachs – “Gold is a good hedge against geopolitical risks when the event leads to a debasement of the dollar” – Trump and Washington risk bigger driver of gold than risks such as North Korea – Recent events such as N. Korea only explain fraction of 2017 gold price rally – Do not buy gold futures or ETFs rather “physical gold in a vault” [is] the “true hedge” Editor: Mark O’Byrne What’s increasing the demand for gold? Is it Kim J
Wednesday, September 6, 2017
Przemyslaw Radomski CFA - SunshineProfits
Payrolls in August 2017 and Gold
The U.S. economy added 156,000 jobs in August. What does it mean for the gold market? Total nonfarm payroll employment increased 156,000 in August, following an increase of 210,000 in June (after a downward revision), according to the U.S. Bureau of Labor Statistics. Analysts had expected 180,000 jobs to be created. Thus, the actual number significantly disappointed expectations. Moreover, employment gains in June and July combined were 41,000 lower than previously reported. It means that job ga
Tuesday, September 5, 2017
Stewart Thomson - Graceland Update
Gold: Book Profits Now
Graceland UpdatesBy Stewart Thomson 1.Gold has staged a fabulous rally from about $1220 to $1245.Using the December futures price chart, I’ve defined the $1300 - $1350 area as a spectacular profit booking opportunity for investors.2.Please click here now. Double-click to enlarge this gold chart.3.I’m an eager gold bullion seller now, but I’m less eager to sell gold stocks or silver bullion.That’s because they have not taken out their February highs while “Queen Gold” has done so easily.4.Gold ha
Tuesday, September 5, 2017
Bullion Vault
N.Korea Nuclear Test Sees Gold Price Hit 11-Month High vs. Weak Dollar, GLD + Comex Bets Jump
GOLD PRICES rose near 1-year highs against the Dollar and British Pound on Monday morning in London after jumping at the start of Asian trade amid reports that North Korea will follow its series of nuclear weapon tests with an intercontinental ballistic missile (ICBM) launch, writes Steffen Grosshauser at BullionVault. While world stock markets fell 0.5%, the spot gold price jumped by 1% to $1338 per ounce – the highest
Monday, September 4, 2017
Sprott Money
Eight Days to Destruction - Gary Christenson
Harvey made landfall as a Category 4 Hurricane on August 25. The wind and flooding caused massive destruction. The news mentioned one hundred billion dollars as a preliminary estimate of the damage. Eight days before on August 17 Harvey became a named storm. There was no apparent cause for alarm on August 17. Two days later it was upgraded to a tropical depression. Harvey reached hurricane strength on August 24. Much can happen in eight days. August 17: Harvey is named August 21: Total ecli
Sunday, September 3, 2017
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