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Thursday, April 20 2017

Architas ups gold allocation amid heightened market uncertainty

Sweeney said: "We are potentially in the advanced stages of this current market cycle and think it prudent to add in an asset that has no counter party risk, duration risk and can do something truly different in a period of stress.

"We see gold as providing a level of downside protection in portfolios, which is what we are seeking at the current time."

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Rush to gold as buyers mull metal’s diversifying benefits

With gold having no intrinsic value, its attraction is governed by sentiment alone, and some buyers think there are more reasons to be positive now than in the past.

Architas investment manager Nathan Sweeney said he had increased a position in the metal this year, calling it a “prudent” diversifier.

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Gold Trading Systems Experience Growing Pains

On the afternoon of April 11, London’s daily gold price benchmark fix took a peculiar turn: It was about $12 under the spot price. The auction appeared to be stuck on a descending escalator from an initial $1,265.75, before fixing at $1,252.90.

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Wednesday, April 19 2017

What Is The Outlier Scenario For Gold?

What is the very big picture of spot Gold telling us, if anything? That there is a very bullish outlier scenario that could be unfolding...

We can make the case that all of the action from 2013 through mid-April 2017 is a base-accumulation formation that concluded the major corrective period from the September 2011 high at $1921.50 into the December 2015 low at $1046.20.

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Russia's Largest Bank to Facilitate Direct Gold Trade Between Russia and India

Sberbank is looking to finance the direct import of gold to India,

Direct gold trade between India and Russia would be immensely beneficial to both countries.
“We are also exploring the possibility of entering the gold loans sector as well.”

India is the world’s second largest importer of gold. The country imported $35 billion worth of gold in 2015.

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Chinese SGE Gold Withdrawals

SGE Withdrawals for March = 192.25 tonnes

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Tuesday, April 18 2017

SWP CPM Precious Metals Quarterly

This report is an introduction to CPM Group and its way of thinking about gold. Strategic Wealth Preservation have entered a strategic alliance in which it will make CPM Group’s research and outlook on gold, silver, platinum, and palladium available to SWP clients. Since this is the first report, we want to spend part of it introducing you into CPM’s overall approach toward gold, and to a related degree, other precious metals, as investments.

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Asia's Richest Man Is "Aggressively Adding Direct Exposure To Gold"

According to Gold Mining Chairman Amir Adnani and Sprott U.S. Holdings CEO Rick Rule, some of the biggest billionaire investors on the planet are actively seeking out precious metals like gold as wealth protection insurance amid the uncertainty of the current geo-political climate.

In a recent interview with SGT Report, Adnani explains that several super wealthy individuals with whom he works very closely, including mainland China’s biggest billionaire investor and the richest man in all of Asia Li Ka-shing, have a renewed and urgent interest in diversifying their assets into both, gold mining firms and the physical asset itself:

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Monday, April 17 2017

Gold imports up since demonetisation: Black money turned white, then yellow

January-March 2017 has been the best fourth quarter in terms of gold imports since early 2013.

Gold imports in the last quarter stood at 230 tonnes, and more than 100 tonnes is estimated to have been imported in March alone.

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Saturday, April 15 2017

Transparent Precious Metal Holdings - Gold/Silver

Flows this week

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Gold/Silver - Futures - COTs - Commitment of Traders

COTs this week

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Gold bull McEwen says price rally has just begun

Robert McEwen, one of the gold’s industry’s best-known bulls, is predicting that the precious metal will continue to surge this year, closing 2017 much higher than today’s prices of around 1,290 an ounce.

The former investment banker, who for years have made bold predictions when it comes to precious metal prices, is sure that bullion will reach $5,000 an ounce, though, he warns, that won’t happen “immediately.”

“The metal is in an upward trend now and while it has years to go before it peaks, gold will continue to climb higher. It won’t be a straight line, but the direction is definitively up,” he told MINING.com.

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Friday, April 14 2017

Gold Similarity To 1970-1977

Comparison between gold's first bull run in the 1970's & 2000-2017

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Death Spiral for the LBMA Gold and Silver auctions?

In a bizarre series of events that have had limited coverage but which are sure to have far-reaching consequences for benchmark pricing in the precious metals markets, the LBMA Gold Price and LBMA Silver Price auctions both experienced embarrassing trading glitches over consecutive trading days on Monday 10 April and Tuesday 11 April. At the outset, its worth remembering that both of these London-based benchmarks are Regulated Benchmarks, regulated by the UK’s Financial Conduct Authority (FCA).

In both cases, the trading glitches had real impact on the benchmark prices being derived in the respective auctions, with the auction prices deviating noticeably from the respective spot prices during the auctions. It’s also worth remembering that the LBMA Gold Price and LBMA Silver Price reference prices that are ‘discovered’ each day in the daily auctions are used to value everything from gold-backed and silver-backed Exchange Traded Funds (ETFs) to precious metals interest rate swaps, and are also used widely as reference prices by thousands of precious metals market participants, such as wholesalers, refineries, and bullion retailers, to value their own bi-lateral transactions.

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China retrieves sunken treasure linked to leader of ancient uprising

Chinese archeologists announced Thursday they have excavated more than 30,000 relics from a riverbed. They are believed to be treasures owned by the leader of an ancient uprising.

The retrieved relics include more than 10,000 gold and silver objects taken from the Jiangkou stretch of the Minjiang River in Meizhou City, Sichuan Province.

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U.K. Royal Mint's Gold Sales Jump 20% Amid Political Turmoil

The U.K. Royal Mint’s gold sales jumped by a fifth in the first three months of the year, according to figures obtained under freedom of information legislation.

Following month-on-month declines in the first two months, March gold sales jumped 263 percent in volume-terms, according to the information sent by email. Gold sold and stored by the mint under its Signature Gold program, which allows the partial ownership of bars held in its vault, jumped 178 percent in March, compared with a year earlier.

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Gold Rally Gets Feverish as Trader Survey Flashes Extreme Level

In a Bloomberg survey this week, traders and analysts were the most positive on gold since December 2015. Another bullish sign, prices have climbed above the 200-day moving average and Britain’s Royal Mint said bullion purchases jumped 20 percent in the first quarter.

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Goldholics Anonymous

With the rising global political tensions, gold has gotten a bid over the past week. But is that what is driving the price?

Over the longer term, I would argue that real rates are the most determining factor affecting the price of gold.

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Gold Poised - $1291 Is A Game Changer

Gold is poised to crack the critically important $1291 level which is a trendline going to back to the all time high on September 22nd 2011 when gold hit $1922 an ounce.

Conclusively breaching this trendline is to say we are very much back in a bull run. With $1291 breached there would only be the minor inconvenience of the psychologically important $1300 level - more of a speed bump than a real resistance level - before gold is able to move move higher largely unfettered. See chart below.

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IntraDay Gold

Vaulting the hurdle.

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