What awaits us

By Frik Els 08/02/2019 Gold hit a six-year high on Friday as investors piled into the safe haven metal amid an escalating US-China trade war, and the prospects of a return to ultra-loose monetary policy by the Fed. Gold for delivery in December, the most active futures contract trading in New York, touched a high of $1,461.90 an ounce before [...] Read more

Central Bank of Russia, Neglinnaya Street, Moscow. (Image: Wikimedia Commons) By Rupert Rowling, Bloomberg News 08/01/2019 Central banks continued to load up on gold in the first half, helping push total bullion demand to a three-year high, according to the World Gold Council. Nations added 374.1 tons in the first six months as Russia and China [...] Read more

By Arkadiusz Sieron, Sunshine Profits 08/01/2019 Yesterday, the Fed trimmed down the interest rates. This was widely expected – yet a blunt ruling out of an extended easing cycle wasn’t. The price of gold profoundly declined. Looking beneath the headline, what happened exactly? Fed cuts interest rates by 25 basis points Yesterday, the FOMC [...] Read more

Bank of England gold vault. (Image from archives) By Frik Els 08/01/2019 Since the more than $100 rally over three weeks in June, gold has been trading sideways and remains stuck between $1,420 and $1,440 an ounce. While gold traders and futures speculators may be taking a breather, a new report shows strong fundamentals underpinning the gold [...] Read more

07/31/2019 For release at 2:00 p.m. EDT Information received since the Federal Open Market Committee met in June indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although growth of [...] Read more

INV Metals’ Loma Larga gold project in Ecuador. Photo by The Northern Miner. By Jose Llangari and Alexandra Valencia; Editing by Luc Cohen and Sandra Maler,Reuters 07/30/2019 The government of a key mining province in southern Ecuador has proposed a popular referendum on the development of new mines in the region, the latest obstacle to [...] Read more

By Tom Luongo 07/23/ 2019 Gold is calling out the insanity of the European Union. It is also calling out the insanity of the global economy. But really it’s all about the euro at this point. Since breaking through the post-Brexit high of $1375 per ounce, gold has pushed higher. Yes, it’s been volatile. Yes, the forces of control keep trying to [...] Read more

By Steven Saville 07/16/2019 A large divergence between two fundamentally-correlated market prices is important because such a divergence usually will be closed via a big move in one or both prices. However, divergences sometimes build for an inconveniently long time before they start to matter. The gold/commodity ratio (the US$ gold price divided [...] Read more

By Tyler Durden 07/27/2019 In a surprising announcement on Friday morning, the European Central Bank said the 21 signatories of the 4th Central Bank Gold Agreement (CBGA) "no longer see the need for formal agreement" as the market has developed and matured, and as a result the signatories "decided not to renew the Agreement upon its expiry in [...] Read more

07/25/2019 By Globo TV channel. Armed criminals stole about a ton of gold from the cargo terminal of the Brazilian Sao Paulo International Airport. This was reported on Thursday, July 25, by Globo TV channel. Attackers broke into the airport in cars imitating police officers. One of the vehicles blocked the entrance to the terminal, while the [...] Read more