November 2017 - Week 3 Edition
Central Bank (and Chinese) Gold Demand Soared in the Third Quarter
In addition to rising demand from hedge fund managers, central banks increased their gold demand 25% last quarter, according to the World Gold Council’s “Gold Demand Trends Q3 217 Report,” released last week. Global banks bought 111 metric tons of gold last quarter vs. 88.8 tons in the same quarter in 2016.
November 2017 - Week 2 Edition
Gold on Track for Best Year Since 2011
Gold is up 11% this year but it has been flat in the last month and the last year since Donald Trump was elected. In fact, the closing price for gold on the day Trump won the 2016 election was $1,282. Exactly a year later, gold closed at nearly the same price ($1,284) on November 8, 2017. On election night, gold soared briefly but then fell over the next month to a low of $1,125 on December 20, 2016. Gold’s high in Trump’s first year was $1,346 on September 8, 2017. Gold is still on track for its best year since 2011.
November 2017 - Week 1 Edition
Some Surprising “Reversals” in Gold Demand Overseas
Sometimes, gold demand statistics are hard to verify. People buy or sell gold on the underground market or are reticent to reveal their purchases. Last week we learned about several reversals in gold demand.
October 2017- Week 5 Edition
Will the “Lucky $1,300” Gold Barrier Be Broken After Halloween?
There’s a lot of drama brewing in the major central banks of the world. First of all, the Bank of Japan meets on Halloween Day (Tuesday), then Federal Reserve meets on both Halloween and All Saint’s Day (Wednesday), then the Bank of England on Thursday, November 2.
October 2017- Week 4 Edition
Will the “Lucky $1,300” Gold Barrier Be Broken After Halloween?
There’s a lot of drama brewing in the major central banks of the world. First of all, the Bank of Japan meets on Halloween Day (Tuesday), then Federal Reserve meets on both Halloween and All Saint’s Day (Wednesday), then the Bank of England on Thursday, November 2.
October 2017- Week 4 Edition
Trump’s Possible Release of Kennedy Assassination Files Sparks Demand for Silver Kennedy Half Dollars
This year is the centennial of the birth of President John F. Kennedy in 1917. There was a surge in demand for 1964 Silver Kennedy Half Dollars around the date of his birth (last May 29), and there will likely be another surge in demand when the last remaining Kennedy assassination files are released, perhaps this week.
October 2017- Week 3 Edition
The 1987 Crash Highlights the Value of Diversification
This week, the financial news centers around a record high for the Dow Jones Industrial Average above 23,000. We can never know the time or date of the next crash until after the fact, but this market has been on a steady rise for over eight years, reaching one high after another, just like in 1987.
October 2017- Week 2 Edition
Gold-Backed ETF’s Rise 7.7% in 2017
Despite the flat metals market in recent weeks, gold is still up 11% for 2017 vs. declines in most other commodities. The 19-commodity CRB Index is down 6% for the year-to-date, with crude oil down 8.35% and natural gas down 23.12%, so gold’s 11% gain is far above nearly every other commodity.
October 2017- Week 1 Edition
The Dollar Will Eventually Decline as More Money is Printed
The most recent Federal Reserve report on money supply (dated September 7) says that more than $13.67 trillion in M2 – a broad measure including cash, checking accounts, savings deposits, money market funds and dollar time deposits – is currently in circulation. M2 volume has more than tripled in the last 20 years, rising 245%, at an average annual rate of 6.5%.
September 2017- Week 4 Edition
The Monday Morning Massacre of Gold Bears
Before the news broke out of North Korea (at about 11:00 am Eastern time Monday morning), gold was trading at $1,293 and Wall Street was once again losing faith in the yellow metal.
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