January 12, 2015 “The Market Gage” features insights into the precious metals market from Roy Friedman. Roy has over 30 years of in-depth experience in all facets of precious metals. Following Friday’s strong close, our market resumed trading yesterday with a probe higher, but volume was light with the highs of $1,231.30 gold and $16.69 silver being short lived. In early U.S. trading, all [...]
Tag: platinum
Asian Disenchantment with Western Gold Market Manipulation
The forthcoming launch of a gold kilobar contract by the CME group in Hong Kong is an element in Asian attempts to wrest control of gold benchmark pricing from the West. by Lawrence Williams A phrase at the end of a Reuters report on the forthcoming launch by CME Group of a gold futures contract in Hong Kong caught my eye. In commenting on the implementation of several gold futures trading[...]
When Next Crisis Unfolds, Fed Will Ask China to Revalue Gold! – Stewart Thomson
"America is in no condition to endure an economic downturn, yet a downturn is coming, almost as surely as night follows day. When the next crisis unfolds, I expect the Fed to quietly ask the Chinese central bank to revalue gold, by announcing a major gold buy program. This would allow China’s currency to become a competitor with the dollar. Equally importantly, it would allow the Fed to hide[...]
Where Will Gold End 2015 – $1,000, $1,325 or Maybe $2,500?
A look at the prospects for gold and silver prices in 2015 – and predictions of end year price levels for the two key precious metals. By Lawrence Williams Gold demand remains strong – notably in China and India. Well there’s nothing like being optimistic at the start of a New Year and there are certainly many factors to be optimistic about if you are a gold bull. Gold demand remains[...]
The Market Gage – Precious Metals’ “Unofficial” Positive 2015 Start
“The Market Gage” features insights into the precious metals market from Roy Friedman. Roy has over 30 years of in-depth experience in all facets of precious metals. Precious metals begin the “unofficial” start to 2015 on a positive note as the recent trend of buying in Asia was seen again yesterday and so far the Asian rally has not been sold which is a bit of a change. Despite a sharp [...]
U.S. Gold Exports Jump 70% In September – US Determined to Impoverish Itself with Paper Money
According to the USGS most recent data, total U.S. gold exports increased significantly in September. Not only did U.S. gold exports surge in September, they were 70% higher than the previous month. From the SRSRocco Report: This was probably due to increased demand as the price of gold declined $80 during the month. U.S. exports started off very strong in January, reaching 80 mt (metric[...]
Just What Is China Buying?
Something strange is going on in China. On one hand, as the chart below shows, China's trade surplus is growing and growing, and just hit record highs. In other words, China is - on paper - receiving record amounts of foreign currencies in exchange for its (mostly) goods exports. That much is clear in the Chinese (record) trade balance chart below: Yet on the other hand, a chart from Deutsche [...]
The Market Gage December 17, 2014 – Russian Headlines Impact Precious Metals
“The Market Gage” features insights into the precious metals market from Roy Friedman. Roy has over 30 years of in-depth experience in all facets of precious metals. Precious metals have had a volatile trading week on good volume with most of the moves prompted by headlines that have to do with Russia. As sanctions continue to impact the Russian economy, President Putin has been[...]
The Market Gage December 15, 2014 – Precious Metals Start Week Below Friday’s Close
“The Market Gage” features insights into the precious metals market from Roy Friedman. Roy has over 30 years of in-depth experience in all facets of precious metals. Precious metals concluded last week on a steady note, but its failure to find further buying on the back of a sharp sell-off in the U.S. stock market was disappointing. This morning finds all four precious metals trading[...]
Fairytales from the Federal Reserve: 15 Reasons Fed Policies Belong in Fantasyland
By James Rickards Don’t ever think for a minute that the central bankers know what they’re doing. They don’t. And that’s my own view, but I’ve heard that recently from a couple central bankers. I recently had spent some time with one member of the FOMC, the Federal Open Market Committee, and another member of the Monetary Policy Committee of the Bank of England, which is the equivalent [...]