Technical analyst Clive Maund discusses why he believes a massive new sector bull market is about to begin in gold and silver.When you are following the markets closely day after day it can be easy to lose sight of the big picture. So with the "everything bubble" getting closer to bursting, leading to universal mess and mayhem, there could not be a better time to look at the long-term picture for...Read More
Gold bullion set for fifth week of gains as dollar slumps (Reuters.com)Asia Stocks Are Mixed as Euro Gains, Bonds, Gold Bullion Steady (Bloomberg.com)U.S. runs December budget deficit of $23 billion - Treasury (MarketWatch.com)Uproar over crackdown on cryptocurrencies divides South Korea (Reuters.com)Wal-Mart Raises Hourly Wage to $11 in Wake of Tax Overhaul (Bloomberg.com)Bill Gross of Janus:...Read More
LONDON, 2 January 2018 - London's financial newspaper CityAM today reports how BullionVault saw a surge of gold investment demand to mark the end of last year."Data from [the] online gold platform showed private investors' gold demand hitting a 13-month high in December to end 2017 with a bang," says the paper online."This was the heaviest net demand since November 2016, when Donald Trump won the...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort289,16185,87369,270150,099370,370508,530525,513Change from Prior Reporting Period 47,7337,7139,222-5,00537,66651,95054,601Traders17990854554263194 Small Speculators LongShortOpen Interest 46,92529,942555,455 2,77412354,724 non reportable positionsChange from the previous reportin...Read More
Happy Lohri, Makar Sankranti and Pongal to everyoneMonday US markets are closed. Traders will take positions for Tuesday. The hawkish European central bank meeting also supported gold prices. Next week, the Federal Reserve Beige book and US housing numbers will affect metals as well as currency markets. Traders expect a strong growth view from the Federal Reserve. If consumer price index numbers...Read More
(Adds comments, background)By Ann SaphirJan 12 (Reuters) - The recent drop in U.S. unemployment could spark a surge in inflation that, given the Federal Reserve's current policy framework, could trigger interest-rate hikes that bring on a recession, Boston Federal Reserve President Eric Rosengren warned on Friday."I'm disagreeing with that framework," Rosengren said at the Global Interd...Read More
Gold bullion set for fifth week of gains as dollar slumps (Reuters.com)Asia Stocks Are Mixed as Euro Gains, Bonds, Gold Bullion Steady (Bloomberg.com)U.S. runs December budget deficit of $23 billion - Treasury (MarketWatch.com)Uproar over crackdown on cryptocurrencies divides South Korea (Reuters.com)Wal-Mart Raises Hourly Wage to $11 in Wake of Tax Overhaul (Bloomberg.com)Bill Gross of Janus:...Read More
Jeff Clark : Crypto and stock prices grabbed most of the investment headlines in 2017. But by the end of 2018, a different asset class is bound to spark investor’s attention.There are multiple reasons for that, starting with the fact that no trend or bull market lasts forever. But it’s about more than just the prolonged run in equities and runaway prices in cryptos. There are three spe...Read More
European stainless steel base prices have been largely stable over the past week, with market activity improving after seasonal holidays, sources told Metal Bulletin on Friday January 12.Metal Bulletin's weekly base price assessment for 2mm, grade-304 CR stainless steel sheet narrowed downward by ?,?10 per tonne to ?,?1,060-1,120 ($1,271-1,343) per tonne delivered in Northern Europe on Friday, com...Read More
LONDON, 8 December 2017 - Finance professionals' magazine FT Adviser today reports BullionVault data and analysis alongside comment on crypto-currency Bitcoin from leading UK investment managers.Quoting ?2.3bn manager Richard Buxton at Old Mutual and Neil Woodford of the ?8.1bn Woodford Equity Income fund, "Adrian Ash, director of research at BullionVault, said demand for gold is at a multi-year...Read More
Happy Lohri, Makar Sankranti and Pongal to everyoneMonday US markets are closed. Traders will take positions for Tuesday. The hawkish European central bank meeting also supported gold prices. Next week, the Federal Reserve Beige book and US housing numbers will affect metals as well as currency markets. Traders expect a strong growth view from the Federal Reserve. If consumer price index numbers...Read More
(Repeats with no change to headline or text)By Bruno FederowskiSAO PAULO, Jan 12 (Reuters) - Brazil's benchmark index remained flat on Friday to hew close to its recent record high, shrugging off a sovereign ratings downgrade by Standard & Poor's, while Mexico's peso gained on market optimism that key trade talks will continue. S&P on Thursday cut Brazil's credit rating deeper into junk te...Read More
LONDON, 8 December 2017 - Data and analysis from BullionVault are quoted today by Japan's leading financial newspaper, the Nikkei.Introducing the London-based service as a major online gold investment company, today's edition of the Nikkei reports that the number of new first-time gold investors fell in November to its lowest monthly level since December 2015.Over the last 12 months, the number of...Read More
China's domestic stainless steel prices have started to retreat over the past week on subdued demand. Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,700-15,400 yuan ($2,259-2,367) per tonne including VAT for the week ended Thursday January 11, down 100-500 yuan per tonne a week earlier. The sustained lack of activity in the mar...Read More
Luckily or not, 2017 is behind us. It was a positive year for the gold market, as the yellow market gained more than 12 percent. However, investors are forward-looking, so let’s focus on what the coming months will bring. The next year will be shaped mostly by the following broad economic trends:1.Global activity is improving.2.Labor markets are strengthening further.3.Subdued inflation is f...Read More
LONDON, 7 December 2017 - UK personal finance magazine MoneyWise today cites BullionVault's Gold Investor Index in a report on how crypto-currency Bitcoin may be denting demand for gold."Whether or not Bitcoin ever achieves common use as money, the cryptocurrency plainly offers investors a hot speculation and not a safe haven right now," the magazine quotes Adrian Ash, director of research at Bull...Read More
When you are following the markets closely day after day it can be easy to lose sight of the big picture. So with the "everything bubble" getting closer to bursting, leading to universal mess and mayhem, there could not be a better time to look at the long-term picture for gold and silver, in order to see whether they are going to salute and go down with the ship, as they did in 2008, or constitut...Read More
(Updates prices, adds details on Mexican peso)By Bruno and FederowskiSAO PAULO, Jan 12 (Reuters) - Brazil's benchmark index remained flat on Friday to hew close to its recent record high, shrugging off a sovereign ratings downgrade by Standard & Poor's, while Mexico's peso gained on market optimism that key trade talks will continue. S&P on Thursday cut Brazil's credit rating deeper into j...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Iron ore prices retreated on Friday, to around $78 per tonne, following weakness in China's steel market, and after the potential for supply disruptions as a result of a cyclone in Australia reduced significantly.Seaborne coking coal prices were firm at the end of the week, with fob Australia...Read More
Please Note: US Markets are closed on Monday for Martin Luther King Jr. Day. CloseGain/LossOn WeekGold $1338.00+$16.20+1.33%Silver$17.24+$0.26+0.23%XAU89.11+2.37%+1.97%HUI201.34+2.97%+1.62%GDM670.32+2.67%+1.27%JSE Gold1331.43+6.31+0.66%USD90.95-0.95-1.11%Euro122.06+1.74+1.36%Yen90.03UNCH+1.81%Oil$64.30+$0.50+4.65%10-Year2.548%+0.012+2.87%Bond150.46875+0.03125-0.97%Dow25803.19+0.89%+2.01%Nasda...Read More