27 June 2021The Basel III banking accord is due to come into force for EU banks on June 28th, although there have been considerable delays on this implementation in the past, and UK banks have until January next year until they are subject to it. Some analysts think this could have a significant effect on gold and silver prices and bring an end to any manipulation of precious metals prices in the futures markets. We prefer to remain neutral on the prospective outlook.
22 June 2021Another take-away from the latest Metals Focus Gold Focus 2021 report tabulates the world's top gold mining companies and mines and comments on the likely profitability of these mining companies at current, and higher, gold prices.
21 June 2021The latest Metals Focus Gold Focus 2021 annual analysis assesses country by country gold output in 2020 and its projections for the current year show that peak gold is still elusive, but remains on the near horizon.
07 June 2021Latest gold withdrawal figures from the Shanghai Gold Exchange for May show that demand this year to date remains substantially stronger than in the first five months of the Covid-hit 2020, but they still remain well below equivalent data for 2019.
02 June 2021After a brief hiatus, the gold price crawled back above $1,900 an ounce on Wednesday and silver regained the $28 level. It looks as though the rapid precious metals price progress we saw in May may not be maitained in June, although portents still look favourable for gold and silver
24 May 2021With the bitcoin price collapsing and inflation fears rising, and gold seemingly consolidating in the $1,880s, $1,900 gold or higher looks to be the next target for the yellow metal.
23 May 2021The latest data from the Russian central bank on its forex reserves shows that the nation sold another 3,1 tonnes of gold in April, but this amount is very small in relation to total reserves and meanwhile the WGC reckons that central bank gold buying will remain positive in 2021
19 May 2021Jeff Christian's New York based CPM group, which has a great track record on precious metals analysis, has just released its 2021 report on the silver market and in a pre-report release webcast he appeared to be bullish on the silver price short term - and even more so longer term.
12 May 2021Chinese, and global, gold demand fundamentals seem to be improving compared with the Covid-affected 2020 year, but silver prospects remain more clouded.
08 May 2021This past week has seen the gold price move up comfortably through the $1,800 psychological barrier, taking silver up through $27 with it. Can it now consolidate and then attack the $1,850 level?
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