News

New charts showing the relation of the known gold pool vs US gold derivatives.

Mario Draghi came out with several announcements on June 5 which have been very well received by pundits. These measures are supposed to encourage banks to make loans to businesses and, thus, help in sustaining the recovery. Let’s see what these measures really entail.

We cannot understand today’s gold market without understanding the role China and, in a different way, India play in it. The gold market in general is very opaque and the Chinese one, in particular, is even more. In this article, I will look at China’s role in the gold market.

Chinese gold imports from Hong Kong for april. Net imports of 64.04 tonnes. Charts by Nick Laird

Let us look now at the relationship, if there is one, between gold and platinum. Is platinum “white gold”, or “little silver” as the Spaniards call it, or is platinum different from gold and silver.

Intraday Average Gold & Silver Price Movements. Charts by Nick Laird

A new signal, this time coming from large corporations distancing themselves from White House political decisions, that sanctions against Russia are ineffective : Exxon and BP are maintaining their partnership with Russia.

The Bank for International Settlements (BIS) just published a statistical study on the amount of derivatives worldwide at the end of 2013, and they reach the astronomical amount of $710 Trillions ($710,000,000,000,000).

These last few months have brought confirmation of an acceleration in geo-political and macro-economic events, and they all have mid-term implications for the precious metals markets and, more globally, on the future of the international monetary system.

With the help of a few graphs, going from the very long term to the short-term, let us look at gold and silver’s performance since the beginning of the 19th century.

The mechanism used to determine the price of gold and silver, the London fix, is under pressure and China, of course, wants to take advantage of this situation to have more to say on the way precious metals prices should be determined in the future.

Gold price fixing manipulation goes mainstream on public TV channel 3sat, a cooperation between Germany, Austria and Switzerland. The documentary exposes "an examination of gold prices reveals machinations fit for a financial thriller."

The Financial Conduct Authority (FCA) condemned Barclays bank this Friday to a 26 million-pound Sterling (32 million euro-) fine for attempting to rig the gold market.

Can we predict the price of gold by observing the gold mining index? As a reference for this article, I have chosen the Barron’s Gold Mining Index (BGMI), since it has been published since 1940 and thusly provides a long basis for analysis.

There always is this media noise, constantly repeating itself, about optimistic growth predictions, but only real results should count, and they are not good at all.

GoldBroker.com’s team was present at the 2014 Metals & Minerals Investment Conference in New York.