Gold Price Framework Vol. 2: The energy side of the equation - Part II
In this second part of our updated gold price framework we take a deep dive into the true energy exposure of gold mining companies. We find...
Goldmoney Insights
Silver on the verge of a break out
Silver prices are trading almost 25% below the values predicted by our price model. This is the largest downside deviation we have seen in o...
The Path for Oil
Global oil prices (Brent) continue to trade in a narrow USD45-55/bbl price range, reversing from a brief breakout to the upside last week. H...
OPEC at the Crossroads
OPEC is currently in a difficult situation. How should it react to the oil glut that followed the emergence of shale oil technology? In our...
Low Volatility Extended to Gold Market
The demise of volatility has extended to the gold market Both realized and implied volatility in most asset classes are close to all-time l...
Silver price framework: Both money and a commodity
Silver price framework: Both money and a commodity In this paper, we introduce a framework for understanding the formation of silver prices...
The Gold Sell-off : How far might it go?
The Gold Sell-off : How far might it go? Introduction The market is currently pricing in a goldilocks scenario of stronger economic growth...
Indian gold jewelry demand reacts to prices, not vice versa
Indian gold jewelry demand reacts to prices, not vice versa Introduction For the past weeks the media and gold analysts have pointed to an...
Macroeconomic realities trump Trump fear
Macroeconomic realities trump Trump fear Introduction The outcome of the 2016 US presidential election has sent shockwaves through global...
Something’s got to give in the oil market
Something’s got to give in the oil market Introduction Crude oil time-spreads have completely dislocated from inventories. Historicall...