Offer & Supply

The People’s Bank of China said Monday it raised reserves for a seventh month in June, adding 10.3 tons, following the inflow of almost 74 tons in the six months through May.

The catalyst for the coming cataclysm in the world economy can come from anywhere, like Deutsche Bank, US junk bonds or Japan. Whatever the catalyst is, it will lead to panic in markets with confidence evaporating and fear setting in. Now is the time to prepare for this. It will soon be too late....

On Tuesday after the close, the CFTC announced that Merrill Lynch Commodities (MLCI), a global commodities trading business, agreed to pay $25 million to resolve the government’s investigation into a multi-year scheme by MLCI precious metals traders to mislead the market for precious metals futur...

Having found a solid base, silver will be able to develop the third leg of its bullish rally.

Every end of May, Incrementum publishes one of the most comprehensive gold studies worldwide. The 2019 report’s leitmotif refers to the erosion of trust in politics, society, and the global monetary architecture.

“Shanghai Gold will change the current gold market with its ‘consumed in the East but priced in the West’ arrangement. When China has the right to speak in the international gold market, the true price of gold will be revealed.” – Xu Luode, Chairman, Shanghai Gold Exchange, 15 May 2014

China extended its gold-buying spree, adding to reserves for a sixth straight month, as the protracted trade war with the U.S. hurts growth expectations and boosts demand for a portfolio diversifier.

After about two months of consolidation, gold has touched the red evolvent from which it immediately rebounded: this confirms not only that the structure is perfectly aligned to a bullish view, but that the red evolvent represents exactly the support to be monitored.

Charts are suggesting that gold and silver are close to completing giant bottoming patterns that started to form (in the case of gold) as far back as 2013.

My long standing target for gold of $10,000 in today’s money and much, much higher in inflationary terms, is now more probable than ever.