HKEX: Gold Futures Debut Better Than Expected
As of 7.30pm, 3,098 contracts had changed hands, 2,186 priced in yuan and 912 in US dollars
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As of 7.30pm, 3,098 contracts had changed hands, 2,186 priced in yuan and 912 in US dollars
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The gold rally that began on Dec. 15, 2016, is poised to continue despite the trauma of the flash crash. The crash represents a gift to investors. We now have a better entry point for what will still be much higher gold prices later this year.
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A manipulated economy can never be in equilibrium. The Fed’s and the government’s artificial meddling of economic cycles will always result in massive overshoots, thus creating gigantic booms and busts.
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The present monetary system of the world, based on the dollar, is on its death-bed. A fiat currency –such as the dollar– cannot be replaced by another fiat currency. Therefore, the world will necessarily have to take up gold as the world's money; silver will doubtless complement gold as the world...
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Commodities are the cheapest they have been in 50 years and that’s a buy signal. "Buy when there’s blood in the streets even if it’s your own."
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China seeking to expand the use of its yuan-denominated gold fix overseas, says chairman of the mainland China’s sole gold bourse
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Silk Road (China, India, Russia & Turkey) gold consumption.
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A well-known coffee company says, “Respect the bean”. That may be good advice, but I think it’s vastly more important for gold and silver bugs to “Respect the bar”!
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If the US debt would be backed by gold, it would require 3x more gold than what has ever been produced.
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The United States Federal Reserve held its resolve to raise interest rates with a minimum 0.25% increase at its June meeting.
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