China’s yuan advanced for a sixth day, the longest winning streak since May, after the central bank strengthened the currency’s reference rate to a record.
The government called for “unrelenting” implementation of its economic policies and reforms to consolidate the nation’s recovery from a slowdown, according to a State Council sta... read more
Singapore: Gold demand across Asia will keep expanding as inflation spurs investment purchases, said HSBC Holdings, estimating that the region's share of worldwide consumption jumped in the past decade.
Demand for jewellery, bars and coins in India, Greater China, Indonesia and Vietnam increased to about 60 per cent of the global total compared to 35 per cent in 2004, economists incl... read more
Today’s AM fix was USD 1,317.00, EUR 962.09 and GBP 813.16 per ounce.
Yesterday’s AM fix was USD 1,308.50, EUR 959.87 and GBP 813.09 per ounce.
Gold climbed $40.20 or 3.14% yesterday, closing at $1,319.70/oz. Silver rose $0.53 or 2.49% closing at $21.80. Platinum jumped $44.84 or 3.2% to $1,432.74/oz, while palladium soared $23.50 or 3.3% to $737.50 /oz.
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"If October has held any surprises for anyone so far, it has to be the bears. While volatility has been in evidence, the crash that some analysts were predicting has so far failed to materialize.
One reason for this was the increase in short interest leading up to the start of the month. According to short interest data provided by Consensus Inc., bullish sentiment has been declining for... read more
Take a whirlwind tour with graphics and photos. Absorb the images. They are profound, broad, and ugly. The central bank concept is the Matrix in embodiment, but the Eastern nations led by BRICS and G-20 have a key to unlock the USDollar prison. A quick look at the Australian banking system reveals four global banks who own outsized portions, their reach extending to the largest gold producer in... read more
"Expectations that the Federal Reserve will have to keep its easy-money policies in place for longer following the partial U.S. government shutdown pushed the dollar close to its lowest point of the year against the euro and U.S. Treasury debt prices to their highest point since July.
Yields on the 10-year Treasury note, which move inversely to prices, touched 2.538%, the lowest level since... read more
Gold climbed $8.60 or 0.68% yesterday, closing at $1,281.30/oz. Silver rose $0.07 or 0.33% closing at $21.33. Platinum climbed $2.99 or 0.2% to $1,380.49/oz, while palladium fell $7.78 or 1.1% to $704.72/oz.
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What is "hyperinflation"?
The word is tossed around, and many have an opinion about it, without having any real clear idea of what it means.
We all probably have some mental picture of the "billion dollar banknote" or "price of coffee rises as you drink it" kind of hyperinflation, as happened in Germany especially in 1923.
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Kaye: “I’m focused on the footprints of the powers that be -- the Fed, and the BIS. Their game is not over yet. So, despite the bounce, we are seeing a continued follow through to the smash that started a couple of weeks ago, which is exactly what I told you would happen with gold and silver...
The objective would appear to be to try to touch the lows of late June. We will see i... read more
In 2001, the late Ferdinand Lips wrote the definitive expose on gold market manipulation. Many think gold manipulation is a conspiracy theory, only dreamed up in recent years. Those people are wrong and ignorant of history. Instead, gold price control and manipulation is a conspiracy FACT and it has been ongoing for over sixty years, since the introduction of the current, dollar-based global cu... read more
