News

Gold’s intermediate cycle low is still 6 to 8 weeks away.

According to Goldman Sachs, central banks now hold a full third of the world’s bond market.

If the US debt would be backed by gold, it would require 3x more gold than what has ever been produced.

Since January 1999, when LBMA prices traded at 250.90 in euros, gold has seen a compound annual growth rate of some 8.7% compared to 5.4% for the DAX, 1.5% for the CAC 40 and around 0.15% on the Eurostoxx 50, using monthly data and closing prices from May 31.

The United States Federal Reserve held its resolve to raise interest rates with a minimum 0.25% increase at its June meeting.

It’s time for oil to rally a bit and for gold to move down into an intermediate cycle low.

Global risk has never been higher in history. And this pertains to economic, financial, geopolitical and cyber risks. Investors must not believe the lies and propaganda they are being fed. All is certainly not well in the state of the world.

Let’s ask for ECBexit! Not to get out of the euro (and get back to manipulated national currencies... no, thanks!), but to drastically reduce the power of the European Central Bank.

One/some/several “entities” decided at 9:38 a.m. this morning that it was necessary to dump 14,315 contracts of paper gold. This is just the August contract. In total a lot more was unloaded. This represents 1.43 million ozs of gold.

After pleading guilty to fraud charges last week and agreeing to cooperate, Liew has become a prime government witness for U.S. prosecutors investigating whether traders at the world’s biggest banks conspired to manipulate prices in silver, gold, platinum and palladium.

The Deutsche Bank trader, David Liew, pleaded guilty in federal court in Chicago to conspiring to spoof gold, silver, platinum and palladium futures, according to court papers.

Is there gold price manipulation going on? Absolutely. There’s no question about it. Now, where is the manipulation coming from?

The best time to buy an asset is when it is unloved and undervalued like gold and silver were in the early 2000s. What few investors realise is that the current levels of gold and silver, when real inflation is taken into account, are very similar to where the metals were in 2000-2002.

Banks are definitely no longer the sanctuaries they once were. Following the threats of draining bank accounts (BRRD, Sapin Law 2), cyber threats will make headlines in the years to come.

The London Bullion Market Association (LBMA) is launching a code of conduct aimed at boosting confidence in the $5 trillion a year London gold market.

For $1,260, an investor will get a piece of paper saying he owns 1 ounce of gold. But he is unlikely to ever see that gold.