Dec 8, 2021 - Normally an asset that rallies if it senses risk of significant uncertainly or upheaval, gold has remained relatively calm throughout the increasing tensions between the US and Russian over Ukraine. The West has been accusing Russia of massing troops, albeit within Russia’s sovereign borders, with the intent of invading the Donbas region. Russia vehemently denies the[...]
Category: Opinion
Gold Rangebound, Stuck Below $1,800
Dec 8, 2021 - The yellow metal has mostly been hovering just below $1,800 for the past two weeks as investors await next week’s statement from the Federal Reserve about the pace at which the central bank plans to taper stimulus measures. Soaring inflation has caused widespread speculation that the Fed will escalate the pace of the taper. Investors were also awaiting the release of the[...]
Big Money and Central Banks Move to Gold – The World is Changing
Gold surges to one-year high on fears of financial uncertainty By Clara Denina LONDON (Reuters) - Gold surged nearly 4 percent on Thursday to its highest in a year as fears about financial instability, a lower dollar and U.S. Treasury yields persuaded investors to seek refuge in the precious metal. Traders said financial instability fears were fuelled by European bank shares slumping to[...]
Does the Huge and On-Going Drop in Gold Inventories Portend Eventual Default
Something Snapped At The Comex There had been an eerie silence at the Comex in recent weeks, where after registered gold tumbled to a record 120K ounces in early December nothing much had changed, an in fact the total amount of physical deliverable aka "registered" gold, had stayed practically unchanged at 275K ounces all throughout January. Until today, when in the latest update from the Comex [...]