Goldman Sachs is out with a new report titled ‘Will the first two Abenomics arrows hit the mark? Pointers from Takahashi policy’. Analysts at the firm note the differences and similarities between the policies of PM Shinzo Abe (commonly referred to as Abenomics) and those which Japan pursued in the early and mid 1930s....
Well, they’ve finally done it. As the following chart of the day from Bloomberg shows, as of this week, hedge funds have made “the biggest bet ever” against gold by taking Comex gold shorts to all time highs. To their reflexive benefit, we will admit, they have managed to push the price of gold...
Although the primary purpose of the futures markets is to provide an efficient and effective mechanism for the management of price risks, when it comes to precious metals, and as we have seen in recent weeks, it has become nothing more than a casino run by a group of bullion banks that are acting...
What use is gold? Besides jewellery, outrageous cutlery, money, microchips and a thin veneer for astronauts’ visors, gold once got sizeable demand from dentists. The least reactive of all elements, gold is also highly malleable but very dense. Making it the perfect fit for cavity fillings everywhere. No more however. “The long-term declining trend...
The recent price action in the metals markets has left investors’ nerves frayed, but as Mike explains in this video it is at times like these that the big picture needs to be kept in mind. The fundamentals of this market are impossible to ignore, and when coupled with the madness of central banks...
There are over 3 billion ounces of gold in the world’s deposits. The Top 50 of these mines alone contain over one-third of the total gold. North America is the ‘cheapest’ place to produce gold and Africa the most expensive. Gold producer profits are getting squeezed from both directions: lower gold prices and rapidly...
With continued uncertainty in the gold and silver markets, today a 56-year market veteran told King World News that silver will advance 400% from current levels and gold will soar $1,500 in less than a year. He also added predictions regarding longer-term price objectives. Here is what 56-year market veteran Ron Rosen had to...
With continued uncertainty in the gold and silver markets, today a 56-year market veteran told King World News that silver will advance 400% from current levels and gold will soar $1,500 in less than a year. He also added predictions regarding longer-term price objectives. Here is what 56-year market veteran Ron Rosen had to...
