29 June 2022Yesterday was a down day for investors in almost all asset classes as markets turned down on looming across-the-board fears of a global recession took hold. The Russia/Ukraine War has been a major game changer and many of the cards seem to be in Russia's hands economically speaking.
25 June 2022Equities and bitcoin have seen signs of recovery in the past week and gold has generally looked a little weaker. We feel that inflation is going to remain high for the foreseeable future, whatever the U.S. Fed does to try and control it and indeed may even add fuel to the flames in Q4 in an attempt to keep the U.S. economy out of all-scale recession.
16 June 2022Gold, equity and bitcoin volatility continues ahead of, and after, this week's FOMC meeting, which saw a more hawkish Fed raise the Federal Funds rate by 75 basis points - the highest such increase since 1994, with the prospect of a similar sized rise at the July meeting too.
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.
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
08 March 2022The gold price hit the $2,000 level yesterday before falling back temporarily in U.S. trade, but by the end of the day was back close to $2,000 again. Today, so far, the price has surged again and may be setting a new base well above this level - at least as long as the Ukraine war continues. Meantime inflationary pressures are continuing to affect the gold price positively and equities negatively.
15 February 2022Tensions have eased a little over Western accusations that Russia was about to invade Ukraine as the former reports that some of its troops and military equipment amassed on Ukraine's border are returning to base. The possible relaxation of tensions has seen a sharp dip in precious metals prices, but we question whether there was ever a Russian intention to invade at all.
13 February 2022The end of the past week has seen a decent uplift in the gold price as the true likely effects of the recent FOMC meeting deliberations have received more detailed attention. This has been bolstered by even higher U.S. CPI data for January ad the continued political posturing around a possible Russian invasion of Ukraine.
11 December 2021With the latest CPI figure suggesting a 6.8% annual inflation rise - the highest for around 40 years - the Fed will be under pressure to implement interest rate rises more aggressively at the FOMC meeting in a few days' time. This could prove to be negative for precious metals should this be the case.
05 December 2021Not a good week for gold, which ended the period close to where it had started it, despite some storng up and down movement in between, Bitcoin also saw a huge down and up movement on Friday which volatility may well reduce its attraction as a wealth protection alternative to gold
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