Market Report: Gold and silver advance
On the back of generally thin Comex trade gold and silver made positive headway this week. In European trade this morning, gold was $1793,...
Market Updates
Market Report: Breakout for metals
This was the week when the world awoke to soaring energy prices, followed by metals. Copper briefly hit $10,000 per tonne in strong backward...
Market Report: The fashion is Bitcoin
In a week of consolidation gold and silver ended up little changed from last Friday’s close. In European morning trade today, gold was $4...
Market Report: Quarter-end knockdown
This week saw a high degree of price capitulation as bullion banks used the dollar’s strength and a rally in bond yields to mount a bear r...
Market Report: Last chance saloon for the shorts
After last week’s sell-off which took gold as low as $1745 and a brief $40 rally gold dipped as low as $1738 yesterday before rallying thi...
Market Report: Bullion banks still trying to close their shorts
Gold and silver suffered a sharp sell-off on Thursday, with gold falling $21 on the week from Friday’s close to trade at $1766 in morning...
Market Report: Consolidation at round numbers
In very quiet trading, gold and silver continued to consolidate at the $1800 and $24 levels respectively. On two days this week, Comex gold...
Market Report: Waiting for Jackson Hole
Gold and silver traded in subdued volumes this week as traders were reluctant to take positions ahead of Jay Powel’s speech at Jackson Hol...
Market Report: Keynesian fears of deflation
This week, gold consolidated the gains of the previous week after the dramatic sell-off on 6—9 August. In European trading this morning, g...
Market Report: Gold takedown fails
Gold suffered a massive bear raid over last Sunday night, when traders in Europe and America were not at their desks. Silver got slammed on...
Market Report: Anniversary of gold’s $2070 peak
Gold and silver saw little change this week, with gold down $12 from last Friday’s close in early European trade this morning at $1801. An...
Market Report: Oversold gold and silver set for recovery
Following the demise of gold’s active August contract, gold and silver had a better week. In European morning trade, gold was at $1829, up...
Market Report: Swaps can’t close their bears in gold
As can be seen in our headline chart, the gold price has gently climbed for a month now. Silver held its level until this week, when it sold...
Market Report: Signs of gold leaving $1800 behind
Gold and silver tracked higher this week until today when both metals were slammed. At the time of writing gold was off $14 on the day and s...
Market Report: Crosscurrents in financial markets
Gold continued to recover some ground this week to consolidate at the $1800 level. In European morning trade this morning, gold was $1805, u...
Market Report: H2 2021 beckons
In declining volumes, this week gold and silver drifted sideways in the dying days of June. This morning in European trade gold was at $1783...
Market Report: Options expiry passes…Q2 next
After the sharp falls of last week, gold and silver trended sideways to slightly up this week in tight trading ranges and light turnover. By...
Market Report: The FOMC and half-year take-down
This week saw a massive sell-off, sparked by three factors: the approaching half-year end, the FOMC admitting that inflation may become a pr...
Market Report: Underlying Strength
Looking at our introductory chart, it seems bizarre that in a year when the US dollar M1 money supply is growing at 15% annualised (since 1...
Market report: The Empire strikes back
All was going swimmingly for gold and silver until yesterday (Thursday), when gold took a $37 hit and silver was thumped by 70 cents. Conseq...