25 May 2022The hugely comprehensive In Gold We Trust annual treatise report has been released and is available for free download in a variety of formats and languages. It concentrates heavily on Stagflation and Inflation and their effects on the global and national economies and maintains its existing forecast of a $4.800 gold price by the end of the decade.
22 May 2022Russia continues to be totally reticent on whether or not it has been adding to its gold reserves despite intimating that it might resume such additions from April after a 2-year gap. We assume its reluctance to come up with new figures is war-related. Meanwhile there are rumours that Russia and China are considering launching a new gold and commodity backed reserve currency to challenge the U.S. dollar.
18 May 2022Metals Focus has released its new Platinum Group Metals Focus report for 2022 and predicts lower average prices for all three of platinum, palladium and rhodium than in 2021. We think that even this is a slightly optimistic forecast although there are many uncertainties ahead.
18 May 2022After a couple of days of unaccountable gains given the dire global economic situation, equities were falling back sharply in today's trading in Europe and North America and gold seemed to be catching a bid. We anticipate this trend continuing as inflation continues to devastate the global economy,
11 May 2022China's April SGE gold withdrawal figures confirm a downturn in Chinese gold demand which, if taken with some similat trends elsewhere due to a resurgence in coronavirus infections could mean storm clouds ahead for gold.
06 May 2022As predicted, U.S. equities and bitcoin fell back sharply yesterday after the previous day's unwarranted post-FOMC gains. Gold remains searching for direction. Could the oft-predicted equities crash already have started in the light of ever-continuing inflationary pressures?
05 May 2022A slightly less hawkish than expected outcome from this week's FOMC meeting boosted gold and equities - the latter recovering most of their recent losses. But beware a false dawn, In our opinion the continuing rise in inflation and further Fed moves to control it will see a sharp equities downturn ahead.
03 May 2022The new FOMC meeting starting today which is expected to see the implementation of a more aggressive approach by the U.S. Fed to try to curb inflation has been having an adverse effect on precious metals and equity prices. Uncertainty will likely continue to reign for the foreseeable futire.
01 May 2022The twin effects of already rapidly rising inflation as the world begins to recover from he Covid-19 pandemic, coupled with the continuing Russian invasion of Ukraine and the economic sanctions imposed, has meant April was a very volatile month for equities, bitcoin and commodities with most falling sharply, The big price beneficiaries were oil and gas.
01 May 2022The latest data on gold exports for March from the Swiss Customs Administartion shows a huge change in pattern for the destination of the refined gold output from the Swiss refineries, with the U.S. being by far the largest recipient nation that month - an enormous change from the usual flow pattern which is from West to East
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