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Wednesday
Nov052014

The Swiss Gold Initiative and why it may affect gold prices

Background

The people of Switzerland go to the polls on 30th November to vote on the gold initiative. The proposal requires the Swiss National Bank to hold gold reserves of at least 20% of the value of the assets of the Swiss National Bank. The initiative also wants no further gold sales by the SNB and all Swiss Gold to be stored in Switzerland.

If the yes vote is successful then they would be required to buy 1500 tons of gold over a period of five years, in order to achieve the 20% target. This acquisition would then be held indefinitely as they would not be allowed to sell it. However, in the case of a yes vote,

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Tuesday
Nov042014

What caused the ‘Vomiting Camel’ pattern in gold

For those of you who are satirically challenged, the following analysis may cause severe discomfort. To you, I say 1) I am sorry for your affliction and b) we can't be friends. Now onto the analysis of the dreaded Vomiting Camel Pattern (VCP).

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Tuesday
Nov042014

Understanding Global Monetary Policy: And How to Profit From It

To say that the last month as been turbulent in markets would be a drastic understatement. We saw the biggest intraday range in US bond yields in 16 years, equities nosedive then whipsaw right back to new highs, VIX hit the highest levels since 2011 whilst gold, silver and oil hit multi year lows. With such volatility around the theme of uncertainty is rife across financial markets, therefore it is important to reassess ones views of the market and properly understand the underlying drivers of market action.

The Importance of Central Banks

The most powerful force in financial markets is global central banks and the monetary policy they follow. Mayer Amschel Rothschild, founder of the House of Rothschild, famously said; “Give me control of a nation’s money supply, and I care not who makes it’s laws",

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Monday
Nov032014

Former Fed Chief Greenspan Worried About Future of Monetary Policy

Fed Chief From 1987 to 2006 Says Fed’s Bond-Buying Program Fell Short of its Goals

Alan Greenspan

Former Federal Reserve Chairman Alan Greenspan said Wednesday that the Fed’s bond-buying program, which aimed to lower unemployment and spur stronger economic growth, fell short of its goals.

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Thursday
Oct302014

Broken Stocks, Battered Bullion, & Bruised Crude

If a broken window is good for the Keynesian economy, then today's broken market (worse than the 2013 Nasdaq blackout) was certainly good for stocks as exchanges broke left and right, futures volume exploded and S&P almost hit 2,000 all on the back of a 2-week old headline from Japan. Today's market was volatile... everywhere.

Silver and gold were smashed

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Monday
Oct272014

The End of QE and the Price of Gold

Background

The programme known as Quantitative Easing is due to be halted at the end of October, coinciding with the next meeting of the Federal Open Market Committee which is scheduled for 28/29 October 2014.  Monetary policy plays a big role in gold’s fortunes and so the strategies put in place by the central banks around the world need to be watched very carefully.

The Federal Reserve

St Louis Fed President James Bullard has suggested that tapering could be put on pause as inflation is not running as high as expected. However,

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Wednesday
Oct222014

The Better Short: Gold or Silver?

The fundamentals for the precious metals are weak. This has been highlighted in recent weeks by the lack of a major rally in gold and the losses in silver despite a spike in volatility to its highest since 2011. Improving economic data, the tapering of QE, and discussion of when the first rate hike will be have resulted in heavy losses over the past two years in the precious metals, and are to blame for the poor performance in the recent risk off market conditions stemming from the Ebola fears.

These overwhelmingly bearish fundamentals are the reason that we have taken short positions on the precious metals sector and why we intend to continue to do so. However, while both gold and silver offer attractive levels for new shorts, which metal holds the better risk reward dynamics in the current market situation? To answer this we must consider how each metal behaves and performs during both risk off and on conditions, as well as their current technical situations.

Given the recent turmoil in the markets,

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Tuesday
Oct212014

Today Something Shocked The Establishment & The World

Today a 42-year market veteran spoke with King World News about something that happened earlier today which has frightened the establishment and shocked many people around the world.  Below is what Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this extraordinary interview.

Greyerz:  Eric, as you know, I have been working with the committee who is behind the Swiss Gold Initiative. 

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Tuesday
Oct212014

Chinese and Indian gold buyers back in market in a big way

The gold price has been falling but physical gold demand appears, counter-intuitively, to have been rising dramatically over the same period.

Author: Lawrence Williams
Posted: Tuesday , 21 Oct 2014 

LONDON (MINEWEB) - 

What has been particularly strange about the gold market over the past two years is that the stronger the physical demand appearing for gold, the weaker the gold price has tended to get.

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Sunday
Oct192014

Mining Sector Felt Better 5 Years Ago, Reality Hit Hard - Brent Cook

As Kitco News’ 5-year celebrations draw to a close, Brent Cook, editor of the Exploration Insights and famed geologist, pops in and compares the gold mining industry today to the one we saw five years ago. “We’re probably in the same shape, just no one knew how bad it was five years ago,”

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