Spot prices have been crashing. The sentiment around the financial world is that precious metals were in a bubble that has just popped. Disregarding any of the fundamentals, people want to believe that things are changing and gold is becoming a dead yellow metal as it had in the 1990′s.
Confidence in precious metals has just about never been lower throughout the markets. In a time wh... read more
Ronald Stoeferle, managing director of Incrementum AG in Liechtenstein is a Chartered Market Technician and a Certified Financial Technician. He was born October 27, 1980 in Vienna, Austria. During his studies in business administration and finance at the Vienna University of Economics and the University of Illinois at Urbana-Champaign in the U.S., he worked for Raiffeisen Zentralbank... read more
(Reuters) - Gold inched up on Tuesday, stretching its gains into a third straight session as buyers in China continued to snap up deals after bullion's plunge to a three-year low last week.
Prices were also helped by short covering that kicked in after gold logged its biggest ever three-month loss in the second quarter ended June on indications of an early wind down to the U.S. Federal Reser... read more
According to most commentators, reducing monetary stimulus and winding down the balance sheet of the Fed without major economic disruptions is going to be a major challenge for US central bank policy makers. On Wednesday, June 19 Fed Chairman Ben Bernanke, said that given an improved outlook on the economy, the US central bank may moderate the pace of monetary pumping. According to Bernanke, by... read more
Switzerland’s biggest bank, started storing gold for wealth-managementclients at a facility in Singapore, citing interest from investors in the region even after the metal slumped into a bear market.
The leased vault in the Singapore FreePort is available for clients in the... read more
Gold prices advanced the most in nine weeks as demand for coins, bars and jewelry rebounded following the record quarterly plunge. Platinum posted the biggest gain in a year.
In the second quarter, spot gold tumbled 23 percent, the most since at least 1920 after Federal Reserve Chairman Ben S. Bernanke said that the U.S. central ba... read more
Many people believe there is a significant risk that the Irving Fisher debt-deflation theory of great depressions is still an economic threat today. They overlook the fact that Fisher published his theory examining debt-deflation events under a gold standard, which does not apply today. Financial credit contractions therefore take a different appearance.
The events he descr... read more
Western economic commentary on China and Russia is usually coloured by monetarist assumptions not necessarily shared in Moscow and Beijing. For this reason, Russian and Chinese fiscal and monetary policies are misunderstood in financial markets, as well as the reasons their governments buy gold.
China has been notably relaxed about her ow... read more
Maguire spoke about the manipulative takedown in the metals: “Let’s start by looking at what happened on Wednesday morning because this is really where the intervention came in: In the very thin access markets, in very thin liquidity, we saw a surgical strike.
And it was designed to trip-off and accelerate end of quarter position squaring. There is no doubt this (manipul... read more
It's not correct to think of today's currencies as being 'backed' by the international reserve assets held by the central bank or government. International reserve assets, the bulk of which are US$-denominated, usually rise and fall due to attempted manipulation of exchange rates. In particular, the international reserve position of a country rises when the monetary officials of that country ef... read more
