Supply & Demand

Silver COT positions are still increasing whilst gold's COTs are slowing.

The precious metals market participants met yesterday (Monday) in London under the auspices of the World Gold Council (WGC) to discuss modernisation of the benchmark golf fixing mechanism, the London Gold Fix.

Money Managers are piling on long (Hedge Funds?) And the Commercials are going short as JPM has to hedge the positions sold to the longs.

It was silver's turn over the last few weeks & now it's gold's turn to breakout this week.

Currency In Circulation vs Gold & Total Credit Market Debt vs Gold. Charts by Nick Laird.

The size of the physical silver market is of $20 billion, whereas Bloomberg is mentioning $5 trillion.

Both Russia and China have decided to put gold at the center of their currency war against the “exorbitant privilege” of the US dollar.

Up another 300,000oz (9.3 tonnes) in the last month. Russia is a solid accumulator - same as China.

In this article, I will look at the importance of India in the gold market. In India, gold is religion. India's love affair with gold is timeless, spanning centuries even millennia.

Yesterday, the daily volume on the GDXJ Junior Miners Index beat all records, exceeding by 33% its highest historic value, and producing a 5.78% hike, five times the performance of gold!