Russia and China Buying Gold, Driving the Rally

Russia and China Buying Gold, Driving the Rally

$XAU, $GLD $USD Russia and China are stockpiling gold, helping to drive the precious Yellow metal to its highest marks in more than 6 years. The People’s Bank of China has added about 100 tonnes of gold to its reserves since December. Russia has bought 106 tonnes bullion so far this year. “They can read the […]

Investors are “Going for the Gold”

Investors are “Going for the Gold”

$XAU $GLD $GDX, $GOLD, $NEM, $USD Investor doubts about the economic outlook and especially a Dovish Fed drove a gold price run in 1-H of Y 2019, sparking  burst of interest in gold investing and gold stocks. The escalating China trade dispute has provided the fuel since 1 August, and a day earlier, the Fed […]

Australian Dollar

Australian Dollar

As the Fed moves to cuts, the battle will now be joined with the RBA. We’ll need more stock market noise for the Fed to shift quickly to cuts but they are on the way, and the reserve bank of Australia looks its usual confused self around the Aussie outlook and which levers to pull, […]

Weaker USD Would Help US Workers

Weaker USD Would Help US Workers

$USD, $GLD, $SLV Experts are in a debate on just how does the average American benefit from the USD’s reserve currency status, and would the Buck’s fall from grace have a negative, or positive, impact on the livelihood of the average American worker Economist Steve Keen recently declared that average investors are over-inflating the risks […]

The World’s Central Bank’s Demand for Gold at 3-year Highs

The World’s Central Bank’s Demand for Gold at 3-year Highs

The World’s Central Bank’s Demand for Gold at 3-year Highs $GLD, $GBP, $EUR, $CNY The world’s Central banks’ demand for gold reached a three year high, rising 8% during 1-H of Y  2018 compared to the same frame last year, according to a World Gold Council (WGC) market update on central bank buying activity released […]

President Trump, “Oil Prices are too high, Not good”

President Trump, “Oil Prices are too high, Not good”

President Trump, “Oil Prices are too high, Not good” $USO, $OIL, $UGA “An SPR release would have a psych impact on the market. It may not translate into lower gasoline prices, but it would immediately bring down Crude Oil prices until the market adjusts” The Trump Administration is considering tapping into the nation’s emergency supply […]

Russia and China Setting Up to Transact Energy Business in Gold

Russia and China Setting Up to Transact Energy Business in Gold

Russia and China Setting Up to Transact Energy Business in Gold $GLD, $OIL, $USD, $CNY Russia’s largest bank, state-owned Sberbank, announced that its Swiss subsidiary had begun trading in Gold on the Shanghai Gold Exchange. Russian officials have signaled that they plan to conduct transactions with China using Gold as a means of marginalizing the […]

Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) China and The World’s Reserves

Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) China and The World’s Reserves

Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) China and The World’s Reserves Credit Suisse has cut its forecast for the Chinese yuan as Beijing sharpens its focus on currency stability. The bank cut its 3-month forecasts for the yuan against the U.S. dollar (USDCNY) to 6.88 compared to its previous forecast of 6.98, and […]

Christie’s Jewels Auction Kicks Off in Geneva

Christie’s Jewels Auction Kicks Off in Geneva

Christie’s Jewels Auction Kicks Off in Geneva Christie’s is kicking off the Geneva fall season of big-ticket jewelry auctions, headlining a pair of pear-shaped diamond earrings that are estimated to fetch 20 to 30-M Swiss Francs ($20 – 30-M). The “Miroir de l’Amour” earrings feature the largest D Flawless, or highest-quality, pear-shaped diamonds in the […]