16 October 2021What had appeared to be a nice data driven gold price boost midweek was brought back down to earth on Friday on further reflection by the markets. Even so, the price rose weekend-to-weekend, but in the event only marginally.
13 October 2021Currernt economic patterns put a period of stagflation firmly on the horizon. Stagflation tends to be negative for equities and bonds, but rather more positive for precious metals which give some protection against declines in fiat currency purchasing power.
12 October 2021All the precious metals are trading pretty flat at the moment and we see nothing on the immediate horizon to change that picture, Gold and silver remain data driven while pgms are showing perhaps the most weakness potential as the automobile manufacturing sector suffers from a shortage of microprocessor chips
07 October 2021A recommendation to access material on precious metals written by Jan Nieuwenhuijs - perhaps better known to some readers as Koos Jansen. His research into the sector is probably unparalleled and his insights into Chinese gold trade have been eye-opening
05 October 2021Latest unofficial gold import figures out of India suggest that 2021 consumption remains particularly strong, although probably insufficiently so to knock China of its No.1 global gold demand slot. Overall, though, strong Asian consumption overall bodes well for supply.demand fundamentals and the gold price, particularly if the U.S. Fed slows down its bond-purchasing and interest rate raising plans.
04 October 2021New statements fron Fed chair Jerome Powell and Treasury Secretary Janet Yellen, both suggest that U,S, economic recovery may not be proceeding as Powell suggested post the last FOMC meeting and thus might lead to further delays in the implementation of the Fed's proposed recovery programme
01 October 2021September has been a volatile month for precious metals and equities alike with all showing losses - in some cases substantial - over the month's trading. Market sentiment is still waiting on more definitive news on the U.S. Fed's likely programme for tapering of bond purchases and interest rate rises to combat inflation, while ever increasing worries on the possible raising and a possible U.S. default are also overhanging markets.
27 September 2021Contrary to central bank-generated myth high inflation ilevels are perhaps not transitory at all but an integral part of ongoing policy aimed at managing excessive debt levels. The current course of events suggests that gold will be driven up to well above $4.000 by the end of the current decade
23 September 2021The latest FOMC meeting is done and dusted and initial reaction was to drive the gold price down by a few dollars, although the deliberations do not seem to have justified such a move. There has been a small recovery this morning but overall we think there should be more to come.
22 September 2021Latest gold export figures from Switzerland serve to confirm India's position as the leading recipient of Swiss gold exports this year, comfortably ahead of China/Hong Kong combined in second place. India may thus possibly regain its place as the world's largest gold consumer - and certainly as the world's largest gold importer
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