Market Report: PMs sell off with financial markets
Gold and silver fell sharply this week in the wake of the release of the FOMC minutes, which were a wakeup call for financial markets. Gold...
Market Updates
Market Report: Silver strong
Our headline chart shows how, after the first week in the New Year, the silver price has rallied strongly, up by nearly 10%. This week gold...
Market Report: Gold and silver rally
Gold and silver rallied this week as inflation and rising interest rates became the talking point. From last Friday, gold rose $28 to trade...
Market Report: Poor start to New Year
Gold and silver got off to a poor start in the New Year, with gold down $35 and silver down $1.10 in the first week of trading. In morning E...
Market Report: Small year-end rally
In the run up to Christmas, turnover in gold and silver contracts on Comex slowed to a crawl. Having ticked back slightly on Monday and Tues...
Market Report: Sell-off over?
In last Friday’s market update I pointed out that the factors driving precious metal prices lower probably had further to run, with the bu...
Market Report: Sell-off struggling to go lower
The sell-off in precious metals, now entering its fourth week, is struggling to drive gold prices lower, but silver is showing less resistan...
Market Report: Final sell-off in 2021
The attempt to shake out all weak holders of paper gold continued this week into the first days of December. Gold traded at $1770 in Europea...
Market Report: The mystery of disappearing physical
Gold and silver had a torrid week as the bullion banks drove gold under $1800 to force Comex futures’ bulls into closing their positions a...
Market Report: A week of consolidation
Gold and silver consolidated recent gains, drifting lower on the week. Gold lost only $5 from last Friday’s close to trade at $1860 in mor...
Market Report: Pre-weekend profit taking
Gold and silver continued their rally this week, following the shock US CPI announcement on 4 November, but in early morning trading in the...
Market Report: Interest rates on hold, but…
The bullion bank and market makers’ attacks on gold and silver prices (collectively the Swaps on Comex) continued into the fir...
Market Report: Gold at a crucial technical level
Gold and silver prices saw further consolidation with gold marginally up and silver marginally down on the week. Gold rose from last Fridayâ...
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 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...