Articles related to metal
 
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. At
Wednesday, October 18, 2017
Chris Powell - GATA
Koos Jansen: The gold-backed oil-yuan futures contract myth
Gold researcher and Chinese gold market expert Koos Jansen today argues that the Nikkei Asian Review's September 1 report asserting that China is planning an oil futures contract somehow "backed" by gold -- https://asia.nikkei.com/Markets/Commodities/China-sees-new-world-order-w... -- is full of holes. Jansen writes: "China hasn't announced anything but an oil-yuan futures contract. Gold has nothing to do with it. "Yuan can technically be spent on gold at the Shanghai Gold Exchange but gold in
Wednesday, October 18, 2017
Perth Mint Blog - Perth Mint Blog.
Why India's gold sales shine
As the world’s second largest consumer of gold, India can exert a significant influence on the precious metals market. Indian demand is particularly robust for one of the country’s key festivals, Diwali, which starts this week. Perhaps the most important and widely celebrated Hindu festival, Diwali celebrates the victory of light over darkness and honours Lakshmi, the goddess of wealth and prosperity. This year could prove to be a bumper one following a decision by the Indian government to exc
Wednesday, October 18, 2017
Ronan Manly - Bullion Star
  Neck and Neck: Russian and Chinese Official Gold Reserves 
Official gold reserve updates from the Russian and Chinese central banks are probably one of the more closely watched metrics in the gold world. After the US, Germany, Italy and France, the sovereign gold holdings of China and Russia are the world’s 5th and 6th largest. And with the gold reserves ‘official figures’ of the US, Germany, Italy and France being essentially static, the only numbers worth watching are those of China and Russia. The Russian Federation’s central bank, the Bank of Russia
Tuesday, October 17, 2017
Adrian Ash - Bullion Vault
LBMA 2017: Spain, Silver and 'Lower Forever'
Precious metals history and macro-outlook from LBMA conference... LITTLE so far on precious metals prices or supply and demand at LBMA 2017 here in Barcelona, writes Adrian Ash at BullionVault. Not directly at least. But the market itself cares little about price direction. The refiners, carriers, vaulters, dealers, brokers and bankers meeting at the London Bullion Market Association's annual conference focus instead on volumes, margin and – most of all – get
Monday, October 16, 2017
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 t
Monday, October 16, 2017
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 pric
Monday, October 16, 2017
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 to
Sunday, October 15, 2017
Przemyslaw Radomski CFA - SunshineProfits
Tokenization of Gold
The Blockchain technology enables tokenization of gold. What does it mean for the precious metals market? Usually, investors consider precious metals and cryptocurrencies as substitutes, as the value of both asset classes depends on the level of faith in the national fiat currencies. However, a few cryptocurrencies backed by gold exist, potentially creating some synergies. For example, there is OneGram, which is a sharia-compliant cryptocurrency backed by gold. It means that each token is backed
Friday, October 13, 2017
Adam Hamilton - Zealllc
Gold Miners’ Q3’17 Preview
With the third quarter’s earnings season now underway, the gold miners will soon join in and report their latest results.  No data is more highly anticipated by investors, for good reason.  Quarterly reports dispel the dense fogs of herd sentiment that usually obscure gold stocks, revealing their operations’ underlying fundamental realities.  Q3’17’s upcoming results are likely to prove quite bullish for this neglected sector. Four times a year publicly-traded
Friday, October 13, 2017
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
Chris Powell - GATA
Where gold trade goes if London loses its grip
London is facing challenges on multiple fronts to its centuries-old status as the place where the world trades gold. Two U.S.-based exchanges, CME Group Inc. and Intercontinental Exchange Inc., have created new ways of buying and selling precious metals. So has the London Metal Exchange. Trade volume in New York is rising, and China, where most of the metal ends up, is giving investors new ways to bet on gold’s price. All of this is a threat to London's over-the-counter market, historically th
Friday, October 13, 2017
Chris Powell - GATA
The psychology of gold and why it has that allure
When you think of the color gold, images of grandeur and extravagance are likely to come to mind. For millennia the metal has adorned crowns and hilts of swords. It has been used to enhance paintings and ornaments to increase their value. In some cultures, gold is a predominant feature of festivals and celebrations. In Eastern cultures, the metal is an integral part of auspicious occasions like marriages and festivals by way of gifts and sacred rituals. Gold also features heavily on the attires
Friday, October 13, 2017
Chris Powell - GATA
Another Swiss bank won't let customer see his gold, von Greyerz tells KWN
Swiss gold fund manager Egon von Greyerz today tells King World News that another Swiss bank has refused to let a substantial customer inspect the gold bars the bank claims to be vaulting for him. Von Greyerz reminds investors that they should not trust the banking system with their metal. His comments to KWN are posted here: https://kingworldnews.com/breaking-another-well-known-swiss-bank-has-jus...
Friday, October 13, 2017
Chris Powell - GATA
Only central bank intervention keeps gold down, USGlobal's Frank Holmes says
Only intervention by central banks in the gold market is keeping the monetary metal's price down, fund manager Frank Holmes of U.S. Global Investors told Daniela Cambone of Kitco News in an interview yesterday. The interview is five minutes long and can be viewed here: http://www.kitco.com/news/video/show/Gold-Game-Film/1735/2017-10-11/Gold...
Thursday, October 12, 2017
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
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 t
Thursday, October 12, 2017
Mark O'Byrne - gold.ie
Young Guns of Gold Podcast – ‘The Everything Bubble’
– Precious Metal Roundtable discuss gold in 2017 and outlook – Gold +9.1% year to date; Performing well given Fed raising rates, lack of volatility and surge in stock markets – “People are expecting too much from gold” – Economy: Inflation indicators, recession on the horizon, global debt issues – Global demand: ETF inflows, Russia central bank purchases, Germany investment figures and international coin demand bode well for gold – “First monetary inflation, then asset inflation, next is price i
Thursday, October 12, 2017
Chris Powell - GATA
LME to expand trading around gold and silver reference prices
LONDON -- The London Metal Exchange expects three more clearing members to join its precious metals contracts by year-end and is looking to expand trading around its gold and silver reference prices, Chief Executive Matthew Chamberlain told Reuters on Tuesday. Adding further clearing members is a top priority for the exchange as it looks to expand volumes on LME precious, the suite of gold and silver spot and futures it launched in July, Chamberlain said. "We have three clearing members who are
Wednesday, October 11, 2017
Steve St Angelo - SRSRocco Report
THE UNKNOWN FUNDAMENTAL: This Will Push The Silver Price Up Much Higher
Precious metals investors need to understand the coming silver price surge will not occur due to the typical supply and demand forces.  While Mainstream analysts continue to generate silver price forecasts based on supply and demand factors, they fail to include one of the most important key factors.  Unfortunately, the top paid Wall Street analysts haven’t figured it out that supply and demand forces don’t impact the silver price all that much.For example, I continue to read articles by analyst
Wednesday, October 11, 2017
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