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Over 85,000 gold futures contracts (over $10 billion) just traded as gold plunged from $1260 to $1230 as US equity markets opened

The earthquake has happened: Donald Trump is president-elect of the United States of America. Quite an enormous “black swan”! What should we expect now? On the one hand, Trump’s victory seems like a formidable denial of the economic lies being spread since the 2008 financial crisis: no, unemploy...

So much for breaking out - that was very short lived. That is now the fifth attempt to break the long term resistance that was met with failure. With the USD & Bond Yields heading higher there will be pressure on gold to head lower.        

In a rerun of the immediate shock felt when the United Kingdom voted to leave the European Union, gold prices rose nearly 5 percent the day after Donald J. Trump scored his stunning victory in the United States election.

This chart explains gold rise and fall  

Gold doesn’t fit into a modern monetary system. It restricts the unlimited expansion of money and credit which is the new paradigm for prosperity and growth.

Egypt has devalued its currency by 48% and announced that it will be allowed to float – measures that meet a key demand by the International Monetary Fund in order to secure a $12bn (£9.6bn) loan over three years to overhaul its ailing economy. The devaluation pegged the Egyptian pound at 13 to...

There's one certain winner of next week's presidential election, according to HSBC Holdings Plc: investors in gold.

Shanghai Gold Exchange and Dubai Gold and Commodities Exchange signed an agreement on Friday in Shanghai which makes the DGCX the first foreign exchange to use the SGE's renminbi-denominated gold benchmark.

As the gold market takes a break in its journey to much higher levels, it is good to step back a bit and understand why gold has appreciated so dramatically in the last 100 years and why this will continue for many years to come.

We can’t help but see also the beginning of a flight away from the currencies. And, besides, those countries (China, Middle-East countries) are indeed big buyers of gold, whether through their people or their central banks.

In a hyperinflationary period gold will reflect the devaluation of paper/electronic money while in a deflationary period it will reflect the collapse of the banking system and people will resort to gold as in extremis money again.

The mistake that most people make is to measure gold in US dollars. Gold in pounds for example is only 8% from the September 2011 peak.

2016 is shaping up as the year when countless conspiracy theories will be confirmed to be non-conspiracy fact: from central bank rigging of capital markets, to political rigging of elections, to media rigging of public sentiment, and now, commercial bank rigging of silver.

The selling of gold we saw last week was another desperate attack by the BIS and some central banks, together with the bullion banks, to manipulate the gold market lower.

Odds of the rate going up in December are said to be about 65 percent on the futures market, but only 8 percent when the Fed meets in November, just before the US election.