Gold

Shanghai Gold Exchange - Gold deliveries since December 2008

There are many events to be analysed for these last few weeks. As happens every year, this time of year is, once again, quite fertile. These events, whether geopolitical, economic, financial or historical, all exert influence, more or less on the long term, on the precious metals markets.

Scatterplot charts showing the relationship between the Dow Industrials Index & Gold for the last 200 years.

To understand the price of gold, the relevant supply is the total supply, not the new supply coming to market during the last year, week or month.

With virtually empty gold vaults, the central banks and bullion banks are now becoming desperate. The action we are seeing in the paper gold market with the recent $50 takedown is yet more proof of the corner that the gold manipulators have put themselves into by having virtually no physical gol...

The total topped 100 million ounces in late 2012 & over the sell-off in the gold price fell to a low just under 70 million ounces (30% decline)

United States is one of the most important players in the gold market. It is, in my opinion, the most anti-gold country of all the major five players.

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.

With such a large quantity of gold, it is evident that the Euro Area will play a major role in any reset of the international monetary system that will involve gold.