China Plays a Role in the Gold Markets, How Important?

China Plays a Role in the Gold Markets, How Important?

China Plays a Role in the Gold Market, How Important? $GLD, $USDCNY China has been accumulating Gold over the past 10 years, and it is also the largest producer of Gold in the world and perhaps the world’s biggest consumers of the precious Yellow metal. The World Gold Council’s (WGC) data for Q-2 Y 2017, says […]

Alrosa Unearths Another Large Yellow Diamond

Alrosa Unearths Another Large Yellow Diamond

Alrosa Unearths Another Large Yellow Diamond Russia’s Alrosa (MCX:ALRS), the world’s Top diamond producer by output, said its affiliate Almazy Anabara has unearthed a 34.17-carat yellow rock at the Ebelyakh alluvial deposit in the Republic of Sakha (Yakutia). Alrosa has had a lucky year when it comes to finding large fancy-coloured diamonds. The diamond is the largest […]

What is the Link Between RMB Yuan and Gold?

What is the Link Between RMB Yuan and Gold?

What is the Link Between RMB Yuan and Gold? $USDCNY, $GLD, $OIL People are asking, Paul, what is the link between the RMB Yuan and the precious Yellow metal? The Big A, as follows: Chart 1: The USD/CNY exchange rate (red line, right axis) and the price of Gold (yellow line, left axis, London P.M. […]

Gold Marks a Fresh 2017 High, Stocks Drop on NKorea Tensions

Gold Marks a Fresh 2017 High, Stocks Drop on NKorea Tensions

Gold Marks a Fresh 2017 High, Stocks Drop on NKorea Tensions $GLD NKorea launches or threatens to launch a missile, Gold rises, stocks fall, things calm down and stocks make up their losses, what has been a recurring story YTD. The Big Q: Is it different this time? The Big A: After NKorea said it […]

The 1st Bugatti Chiron in US Delivered at Pebble Beach

The 1st Bugatti Chiron in US Delivered at Pebble Beach

The 1st Bugatti Chiron in US Delivered at Pebble Beach $VLKAY Yellow HyperSupercar brightened the Day in Monterey The 1st Bugatti Chiron in the United States was delivered to its owner at the 2017 Pebble Beach Concours d’Elegance. Surrounded by multi-million-dollar classic and vintage motorcars, the $3-M HyperSuper car was not out of place in […]

Gold is an “All Weather Investment”

Gold is an “All Weather Investment”

Gold is an “All Weather Investment” $GLD The Big Q: What do savvy Wall Street traders see in physical Gold, and why are they adamant about holding it? The former head of ETF Trading at Lehman Brothers said he discovered Gold in Y 2005 when the launch of the SPDR Gold Shares ETF (NYSEArca:GLD) drew his attention […]

The Old Farmers Almanac and Growing Beets

The Old Farmers Almanac and Growing Beets

The Old Farmers Almanac and Growing Beets Beets are easy to grow in your garden or a pot, can be used in multiple ways in your food and are packed with vitamins and anti-inflammatory properties. It is a plant you to consider this Summer when planning the garden. I drink beet juice and eat a […]

Gold’s Price Rise Triggers Mining Stocks’ Rally

Gold’s Price Rise Triggers Mining Stocks’ Rally

Gold’s Price Rise Triggers Mining Stocks’ Rally $GDX, $SBLG, $GFI, $NEM, $EXCFF Just about a week ago it looked like Gold’s Y 2017 rally was running out of steam, and in danger of losing sight of the psych mark at 1,200 oz. A number of major Gold stocks which had outperformed the precious Yellow metal […]

World’s Top 10 Gold Mining Companies

World’s Top 10 Gold Mining Companies

World’s Top 10 Gold Mining Companies $ABX, $GG, $NEM, $AU, $KGC, $SBGL The price of Gold broke a 3-year losing streak in Y 2016, but the focus of the world’s top Gold mining companies in terms of output continued to be on cost-cutting and divestment which led to a decline in production for most of the sector’s majors. […]

Investors Seek Safe Haven from Currency “Pain” in Gold

Investors Seek Safe Haven from Currency “Pain” in Gold

Investors Seek Safe Haven from Currency “Pain” in Gold $GLD, $EUR, $JPY, $GBP The other side of declines in the EUR, JPY and GBP in recent months has been a massive increase in gold buying as investors in Asia and Europe try to protect their wealth. The hunger for bullion is so strong that purchases […]

SPDR Gold Shares (NYSEArca:GLD) Assets + $18-B in 2016.

SPDR Gold Shares (NYSEArca:GLD) Assets + $18-B in 2016.

SPDR Gold Shares (NYSEArca:GLD) Assets + $18-B in 2016 Gold may emerge as one of the Brexit vote’s biggest commodity winners should revised forecasts from a growing number of banks prove correct as the poll’s outcome sets the stage for greater global economic uncertainty and hobbles the likelihood of rate rises from the US Fed. […]

Gold and WTI Crude Oil Technical’s (Weekly)

Gold and WTI Crude Oil Technical’s (Weekly)

Gold and WTI Crude Oil Technical’s (Weekly) $GLD, $USO Spot Gold pared most of its weekly losses Friday to close the week at 1,289.00 oz, as slow jobs growth in the US weakened the case for a US rate hike during the US Fed’s upcoming June meeting. The precious Yellow metal is finding support on […]

Tuesday’s Technical Outlook For Gold (GLD)

Tuesday’s Technical Outlook For Gold (GLD)

Tuesday’s Technical Outlook For Gold (GLD) $GLD Spot Gold marked a modest gain Monday to 1,242.23 before settling at 1,237.00 oz, as broad dollar’s weakness and stocks soft tone supported demand for the safe-haven asset. Trading was light ahead of the FOMCs meeting Tuesday and Wednesday. The precious Yellow metal is set to consolidate in […]

Wednesday’s Technical Outlook for Gold (GLD)

Wednesday’s Technical Outlook for Gold (GLD)

Wednesday’s Technical Outlook for Gold (GLD) $GLD Gold (NYSEarca:GLD) benefited from Buck’s softnessTuesday, with spot rallying up to 1,256.61 oz, and ending above the 1,250 mark. The precious Yellow metal gained despite the ongoing risk appetite, it ran on USD weakness, and on Silver’s strength. On the daily The technical indicators recovered from their mid-lines […]