SWOT Analysis: Turkish Demand for Gold Near a Four-Year High

Strengths
The best performing precious metal for the week was palladium, 0.41 percent. CenterraGold is set to buy Aurico Metals for $1.80 per cash share for a 38-percent purchase price premium on the Toronto Stock Exchange. Centerra currently holds more than $350 million in cash and has now secured a $125 million acquisition facility, according to Bloomberg. Gold prices rose after Saudi Arabia said a recent attempted missile strike at Riyadh’s airport could be an act of war by Iran. Additionally, Turkish investors are continuing to buy gold with demand expected to reach the highest since 2013. According to Google Trends, global searches for ‘buy bitcoin’ have overtaken ‘buy gold’ demonstrating a surge in popularity of the cryptocurrency. However, the BullionVault Gold Investor Index edged slightly higher to 54.6, demonstrating the number of buyers is higher than sellers. Weaknesses
The worst performing precious metal for the week was platinum, down 0.82 percent. Due to platinum’s primary use in internal combustion engines, the metal could be among the biggest losers from electrical vehicle growth, reports Mining Review. The World Gold Council said it’s a tough quarter for gold as prices weakened in September and October. Global gold demand fell 9 percent in the third quarter as investor buying slowed and regulations in India tightened, reports Eddie van der Walt.

This post was published at GoldSeek on 13 November 2017.

Platinum Bullion ‘May Be One Of The Only Cheap Assets Out There’

Platinum Bullion ‘May Be One Of The Only Cheap Assets Out There’
Platinum ‘may be one of the cheap assets out there’ and ‘is cheap when compared with stocks or bonds’ according to Dominic Frisby writing in the UK’s best selling financial publication Money Week.
Frisby writing in Money Week laments the total absence of value in today’s markets. He then identifies an asset that is both cheap (on a relative basis) and is valuable and the article is well worth a read:
The value investor’s lament – where have all the cheap assets gone?
Every week in MoneyWeek magazine there’s a small column devoted to great investors from the past. You read a bit about who they were, what their circumstances were and what their methodologies were.

This post was published at Gold Core on November 8, 2017.

Gold, Goldmoney and Men

Gold, ornamentation and money: that was the sequence of events. Man discovered gold, found it malleable, durable and attractive. It was first used for ornamentation, then as social economics evolved into the division of labour, its value as ornamentation and its physical properties made it the most enduring medium for money. Even to this day, Asians representing most of the world’s population still understand this connection between gold, ornamentation and money.
Goldmoney has recently backed a new venture, Men. Men manufactures and retails gold and platinum jewellery at prices tied to market values for the physical metal, with a buy-back option, again linked to the market price. The objective is to re-establish the link between the use of precious metals as money and as a medium of exchange. (Please refer to the disclosure note at the end of this article.)

This post was published at GoldMoney on November 01, 2017.

SWOT Analysis: How Will Gold Move Into 2018?

Strengths
The best performing precious metal for the week was palladium, off 1.44 percent for the week. Citigroup favors palladium in the short term, in response to pollution control, but says substitution risks prevent the bank from taking a more bullish view long term as the price of palladium is now higher than the price of platinum. After the Indian government eased rules on gold purchases, the country’s demand for gold jewelry and branded coins appears to be better than the last quarter, according to P. R. Somasundaram, MD for India at the World Gold Council. The ensuing wedding season is the key for quarterly demand performance, Bloomberg reports, and with a good monsoon season, stable gold prices should encourage consumers. In the month of September, Swiss gold exports doubled month-over-month to 148.4 metric tons, reports Bloomberg. In August, exports were only 72 tons, according to the Swiss Federal Customs Administration. Specifically, Swiss exports to China rose 21 percent and to Hong Kong rose 92 percent. Weaknesses
The worst performing precious metal for the week was platinum, off 2.41 percent as palladium seems to be the more crowded trade. September makes 11 months straight of China officially reporting a zero increase in the level of its gold reserves, writes Lawrie Williams. The only time in recent years that the Asian nation has published any month-by-month gold reserve accumulations was in the 16 months ahead of the yuan being accepted as an integral part of the International Monetary Fund’s (IMF) Special Drawing Rights basket of currencies, Williams continues. ‘We don’t think it coincidence that such month-by-month reporting effectively ceased once the yuan became part of the SDR, thus paving its way for acceptance as a reserve currency,’ the article reads.

This post was published at GoldSeek on 23 October 2017.

Two Stars Crashed Into Each Other Flinging Out Gold, And Wobbling The Universe

The amazing new discovery of two crashing stars is a giant leap forward for astrophysics. This celestial event has been described by many as one of the most exciting things to happen in space.
According to The Independent, the super-dense neuron stars crashed together 130 million light-years away, spewing out precious metals and other heavy elements like platinum and uranium. Neutron stars, the collapsed remnants of massive stars that have died in supernova explosions, are some of the most exotic objects in the universe Experts say the event has kickstarted a ‘new chapter in astrophysics’ and confirmed theories about the origin of the mysterious neutron stars. They were also able to use telescopes on satellites and the ground to see the light and radiation that was being flung out of the explosion, which is known as a ‘kilonova.’
‘They [neuron stars] are as close as you can get to a black hole without actually being a black hole,’ theoretical astrophysicist Tony Piro, of the Observatories of the Carnegie Institution for Science in Pasadena, California, said in a different statement. ‘Just one teaspoon of a neutron star weighs as much as all the people on Earth combined.’

This post was published at shtfplan on October 17th, 2017.

Palladium and Rhodium on Fire, Is Platinum Next?

Platinum was once the most precious of metals. For decades, it traded at a premium to gold. The other platinum group metals – palladium and rhodium – barely registered on investors’ radar screens.
Platinum lost its crown to gold in 2015. It was overtaken by the other PGM metals in recent weeks.
Given that platinum, palladium, and rhodium demand is largely driven by automobile manufacturing and the production of catalytic converters, one of these things is likely true; platinum is currently undervalued, or the other two have gotten ahead of themselves.
Which one is the correct assessment will depend on whether the current optimism for economic growth in both developed economies and emerging markets has been well placed. Either way, investors inclined to speculate on the PGM metals have some interesting market action upon which to trade.
Platinum does look remarkably underappreciated. It is hard to imagine it trading at a significant discount for too long.

This post was published at GoldSeek on Tuesday, 17 October 2017.

3 New Intraday Lows at the London P.M. Gold Fix

07 October 2017 — Saturday
YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM
The gold price traded mostly sideways in Far East trading on their Friday, but developed a slight positive bias around the time that London opened. That lasted until shortly before the noon silver fix over there — and the price began to slide a bit. There was only a tiny price jiggle at the release of the jobs report at 8:30 a.m. in New York, but the price was pressured lower until the low tick of the day…and new intraday low for this move down…was set at the afternoon gold fix in London. It rallied sharply from there, before getting capped at the London close — and from that point chopped quietly, but unevenly higher for the rest of the Friday session.
The CME Group reported the low and high ticks at $1,262.80 and $1,279.20 in the December contract.
Gold finished the Friday session on its high tick of the day at $1,276.10 spot — and up $8.30 from Thursday’s close. Not surprisingly, net volume was over the moon at something around 352,000 contracts.

This post was published at GoldSeek on Sunday, 8 October 2017.

This Brand-New Gold ETF Could Be the ‘Best ‘Stock’ of the Next Decade’

The strong performance of gold prices – whose 10.9% rise this year smashes silver and platinum’s 4.3% and 1.2% gains – is expected to continue over the next 10 years.
To profit from that, Money Morning Small-Cap Specialist Sid Riggs just recommended what he believes is the best gold ETF to buy now.
This fund offers much higher returns than physical gold. In fact, shares of the fund have shown to double the gold price’s return.
Sid is so bullish on this pick, he calls today’s gold exchange-traded fund (ETF) ‘the best ‘stock’ of the next decade.’ He refers to it as a ‘stock’ since ETFs can be traded on the market just like regular stocks. An ETF has its own ticker and offers shares that you can buy and sell through your broker or online brokerage account.
And Sid has identified the biggest reason gold prices will keep rallying, lifting our gold ETF pick at the same time…
The Biggest Factor That Will Push Our Gold ETF Higher
The bullish factor will be the growing mismatch between supply and demand in the market for physical gold.

This post was published at Wall Street Examiner on October 4, 2017.

SWOT Analysis: Gold Falls – Can It Get Back Up?

By Frank Holmes
Strengths
The best performing precious metal this week was palladium, up 1.67 percent. Palladium prices rose above platinum prices on expectations there may be a surge in gasoline engines from China before clamp downs on their use comes into effect. Gold traders and analysts surveyed by Bloomberg maintained their bearish bias for a third week despite North Korean tensions escalating after our military show of force last weekend with fly-by of their airspace. Despite gold having a lousy month with negative price action and a spike in volatility, to four-month highs seen in the metal, holdings in exchanged traded funds rose to their highest levels since last November. At this week’s Denver Gold Form, Randal Oliphant noted that the industry may be reaching peak gold production as major new discoveries have waned over the last couple of decades, despite industry spending or changes in technology. Weaknesses
The worst performing precious metal this week was platinum, down 2.20 percent. Platinum is suffering a continued loss of market share to palladium in the near-term play out. Comments earlier in the week from Federal Reserve Chair Janet Yellen sent gold lower. Yellen said that it would be imprudent to leave rates on hold until inflation reaches 2 percent this year. Her co

This post was published at GoldSeek on Monday, 2 October 2017.

Gold Price Down Again Amid US Rate-Rise Bets, Strong China Trading, Pall-Plat Parity

Gold prices fell beneath yesterday’s 1-month lows in London trade Thursday, dipping to $1278 per ounce as most commodities edged higher with world stock markets.
With gold prices now falling almost 6% from early September’s 12-month Dollar high, silver today fell to $16.70 per ounce – down more than 8% from 3 weeks ago.
Platinum meantime dropped to 9-week lows beneath $920, trading below sister-metal palladium for the first time in 16 years.
Following Janet Yellen’s comments from Tuesday on needing to tighten US policy sooner than expected, US Treasury bond prices also fell again, driving the interest rate offered to investors by 10-year notes up to 2.34%, the most since 11 July.
Gold was then trading at $1211 per ounce.
Betting on US interest rates now see a 76% chance of the Fed raising at its December meeting, up from just 33% one month ago.
EAD MORE

This post was published at FinancialSense on 09/28/2017.

SWOT Analysis: Opportunities Across the Gold Mining Space

Strengths
Typical of FOMC meeting weeks, we tend to see the precious metals take a hit. The best performing precious metal for the week was palladium, off 0.43 percent on little market moving news. Ford announced that it will add more downtime to five North American automobile plants due to a decrease in demand as inventories rise on dealer lots. The gold price could soon recover, says Jason Schenker, president and founder of Prestige Economics, the reason being that the Federal Reserve might raise rates less rapidly because of low U. S. inflation. ‘The fact that the Fed members lowered their forecast for their own future Fed funds rate indicates that the Fed may again kind of undershoot what they’re predicting they’re going to do for rates,’ Schenker told Bloomberg. This could end up being neutral to bearish for the dollar, which would help support the gold price. Gold has begun to climb back toward $1,300 an ounce on safe-haven demand now that tensions between Washington and Pyongyang are steeply escalating. Following new U. S. sanctions against North Korea, the rogue Asian country’s leader Kim Jong-un threatened to detonate a hydrogen bomb in the middle of the Pacific Ocean. With the back-and-forth rhetoric intensifying, investors’ interest in safe havens, gold included, has been renewed. Weaknesses
The worst performing precious metal for the week was platinum, off 3.77 percent. Platinum prices has been out of favor for the last couple of years, recently prompting Impala Platinum, the world’s second largest producer, to propose some job cuts in South Africa that could lead to supply disruptions if labor is not on the same page. Earlier this week, gold dropped below $1,300 an ounce as risks receded of another hurricane striking the mainland U. S. and as major stock market averages continued to hit record highs on a near-daily basis. In addition, a diplomatic resolution to the nuclear standoff with North Korea appeared likely, with Secretary of State Rex Tillerson saying the U. S. is seeking a peaceful conclusion.

This post was published at GoldSeek on Monday, 25 September 2017.

Former UBS Trader Arrested, Charged With Rigging Gold Prices

Three years after we first identified the former head of UBS’s gold desk in Zurich as someone directly implicated in the rigging of precious metals prices, Bloomberg reports that Andre Flotron, a Swiss resident, was arrested while visiting the U. S., according to people familiar with the matter.
Having been “on leave” since 2014, it appears Andre’s hope that he was gone but “keen to return in due time” are now up in smoke.
As Bloomberg reports, Flotron was charged with conspiracy, wire fraud, commodities fraud and spoofing, according to a prepared complaint, and is the second person publicly charged in the U. S. investigation into the fixing of gold, silver, platinum and palladium prices.

This post was published at Zero Hedge on Sep 13, 2017.

Feds File Suit in One of the Largest Precious Metal Fraud Cases in History

The US Commodity Futures Trading Commission (CFTC) has filed a civil lawsuit against California-based gold dealer Monex Deposit Co. in what officials call one of the largest precious metals fraud cases in the history of the commission.
The CFTC alleges Monex defrauded thousands of retail customers nationwide out of hundreds of millions of dollars, while executing illegal, off-exchange, leveraged commodity transactions.

As alleged, the Defendants defrauded thousands of retail customers – many of whom are elderly – out of hundreds of millions of dollars as part of a multi-year scheme. Fraud in our markets, like that alleged here, undermines confidence, reduces transparency, and harms competition. As this investigation shows, we’ll work tirelessly to detect and prosecute fraud of the sort that’s alleged here.’
The allegations revolve around leveraged trading in gold, silver, platinum and palladium through the company’s ‘Atlas’ program. Leveraged trading simply means the investor borrows money in order to invest in precious metals. If the investment pans out, the metal will increase in value enough to repay the loan, cover commissions and interest, and generate a positive return.

This post was published at Schiffgold on SEPTEMBER 7, 2017.

Precious Metals Outperform Markets In August – Gold +4%, Silver +5%

– All four precious metals outperform markets in August
– Gold posts best month since January, up nearly 4%
– Gold reaches highest price since US election, climbs due to uncertainty and safe haven demand
– S&P 500 marginally higher; Euro Stoxx, Nikkei lower for month
– Platinum is best performing metal climbing over 5%
– Palladium climbs over 4% thanks to seven year supply squeeze
– Fear, uncertainty and political sanctions are amongst biggest drivers for precious metals
– Never been a better time to diversify and rebalance portfolios with stocks and bonds near record highs and looking vulnerable
Editor: Mark O’Byrne
All four precious metals have made gains in the month of August.
Whilst platinum and palladium’s leading performances can largely be attributed to industrial factors they have also benefited from the safe haven demand which is driving gold and silver prices.
Safe haven demand really came into its own this last month. Issues with North Korea have stepped up a level whilst markets have finally begun to question the complacency they have been feeling in regard to the US political and financial situation, geopolitical risk and the increasingly uncertain outlook for the global economy.

This post was published at Gold Core on September 1, 2017.

Platinum Palladium Offering Major Opportunity | Golden Rule Radio

The following video was published by McAlvany Financial on Aug 24, 2017
The platinum to palladium ratio is currently offering a major opportunity that precious metals investors should not miss. We discuss the recent price movements of gold & silver as well as technical indicators that hint at the future of the two metals. The US dollar continues to struggle even after the latest round of geopolitical news. North Korea continues to threaten the United States. President Trump’s speech on renewed efforts regarding the war in Afghanistan had little to no impact on the markets, is there more going on here than what meets the eye? Thank you for listening, please submit your questions in the comment section below and subscribe to receive regular weekly updates on the precious metals markets.

Gold Seeks Interim High While Household Debt Grows Out Of Control | Golden Rule Radio

The following video was published by McAlvany Financial on Aug 17, 2017
Gold seeks an interim high while new reports show that household debt is way out of control. The US Dollar Index decline continues as the FED start speaking out about no further rates hikes in 2017 being a likely outcome. Germany challenges the ECB asset buys and goes to the European Court over it. We recap the price movements of Silver, Platinum, Palladium, The Dow Jones Industrial, S&P 500, NASDAQ, & DOW Transports. What financial indicators are on the horizon? Look no further than the Geopolitical circumstances surrounding the North Korean Nuclear Threat and domestically to Trump’s opposition in Congress & within the Senate. Will infrastructure, tax reform, and budget for the wall come to fruition or will Trump face further roadblocks? Thank you for listening, please submit your questions in the comment section below and subscribe to receive regular weekly updates on the Precious Metals Markets.

Why Precious Metals? Here Are The Fundamentals In 2017 | Golden Rule Radio

The following video was published by McAlvany Financial on Aug 11, 2017
This week we discuss why Precious Metals are key to your portfolio and the fundamentals that support that in 2017. We’ll discuss Gold, Silver, Platinum, & Palladium in relationship to the larger macro global economic picture. Tensions continue to rise between the Superpowers as Global Debt soars. Governments can no longer hide the enormous debt they harbor, as Central Banks run out of options to help prolong these failing systems. We’ll talk about the Bond Market, US Dollar Index, & how Fiat currencies across the globe continue to lose their value. Learn how you can protect yourself from these risks, preserve the value of your wealth, and hedge against risk in this week’s Golden Rule Radio. We will be back with a regular chart based show next week. Thank you for listening and if you enjoyed please hit the thumbs up button.

SWOT Analysis: What’s Next for the Yellow Metal?

Strengths
The best performing precious metal for the week was platinum, up 3.10 percent on money managers cutting their bearish views on the metal in light of the new Russian sanctions signed into law earlier in the week. Russia is the world’s second largest producer of platinum. Gold traders and analysts surveyed by Bloomberg are bullish on gold for a seventh week, reports Bloomberg, making it the longest run since early March. In addition, BullionVault’s Gold Investor Index, which measures client buyers against sellers, rose in July when gold prices reached an almost four-month low. The Perth Mint released gold coin and minted bar sales figures for July, coming in at 23,675 ounces and up from June’s figure of 19,259 ounces, reports Bloomberg. In an attempt to push for more transparency, London Bullion Market Association released data showing its $298 billion gold stash, reports Bloomberg. The data will ‘soon be augmented by trade reporting, which will further enhance the ability of market participants as well as regulators to track and asses market activity,’ said Joni Teves, a strategist with UBS in London. In July, $2.4 billion was pulled from SPDR Gold Shares, the biggest withdrawal since May 2013, reports Bloomberg. However, investors weren’t necessarily abandoning bullion-backed ETFs; they may have been moving their money into less expensive options. As the chart below shows, assets in the iShares Gold Trust reached an eight-month high. Perhaps this is because SPDR Gold charges a fee of 40 basis points, while iShares Gold Trust has an expense ratio of 25 basis points.

This post was published at GoldSeek on Monday, 7 August 2017.

Dollar In Trouble As Decline Accelerates | Precious Metals Update | Golden Rule Radio

The following video was published by McAlvany Financial on Aug 3, 2017
The Dollar is in trouble as its decline continues to accelerate. Gold & Silver move upward, as the Platinum To Palladium Ratio shifts. Crude Oil continues to increase as does Copper and other commodities. The DOW breaks 22,000 but the Transports decline. Thanks for listening to this week’s Golden Rule Radio, we look forward to seeing some of you at our final Global Intelligence Briefing Conference.