Ahead of the BRICS meeting at Kazan, gold soared to $2700+ this morning. Is a new gold backed trading currency discounted? Do you buy the rumour and sell the fact?Gold and silver continued to rise this week, driven by strong demand during Chinese trading hours, backed up by growing...
Read MoreGold and silver are now nicely set up for higher prices in the runup to the BRICS summit in eleven days’ time. But after that, will there be profit-taking and a pull-back consolidation? After a sell-off on Wednesday completing a 10-day consolidation, spot gold saw a resumption of...
Read MoreWill the Sino-Russian partnership introduce gold backing for a trade settlement currency, replacing the dollar? And what would be the consequences for the dollar?The annual BRICS summit in Kazan is rapidly approaching. Among the issues likely to be on the agenda are a proposal to create a new...
Read MoreThe developing conflict between Israel, Iran, and its proxies is escalating and America is being drawn in. Middle Eastern demand for gold over dollars is only just starting to impact bullion markets.Both gold and silver consolidated in a tight range close to all-time highs this week. Spot...
Read MoreStagnating economies together with high government debt loads inevitably create funding crises and debt traps. Nowhere is this problem more destructive than for the fiat dollar.But it’s not just the dollar. Economies in the Eurozone and the UK have insufficient growth to support their...
Read MoreIt has been an excellent week for gold and silver bulls. But is a correction now due, and if so, how deep and for how long? It looks like being severely limited.Gold continued to make new highs this week, today trading below yesterday’s best level of $2685 spot this morning in European trade...
Read MoreUS equity markets seem ripe for a significant pullback, or even a severe bear market, with bond yields unlikely to fall much before rising again. If so, how will it play out for gold?The Fed’s 50 basis point cut in its fund rate was more than expected, other than by optimistic equity bulls....
Read MoreAfter a bullish performance last week which took gold to new highs, will it hold on to them, or is a correction overdue? Read on…This week, gold and silver consolidated recent rises with gold trading at $2608 in early European trade, up $35 on the week after last week’s spectacular rise. And...
Read MoreFor years, bulls of gold and silver have complained about how derivatives have been used to suppress their prices. Their dreams of the practice ending could be coming true.IntroductionIf you think about it, there is a simple reason that derivatives for speculating or hedging gold is fatally...
Read MoreNot only are the charts foretelling higher prices, but runaway US debt and increasing threat of an all-out war against Russia are fuelling a global panic out of dollars into gold.Gold finally broke out above its tight consolidation range into new high ground yesterday and saw overnight...
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