Is gold a commodity, an investment, or money?The answer is...Gold is a chameleon. It changes in response to the environment. At times, gold behaves like a commodity. Continue...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 366,17346,44085,359178,134529,145629,666660,944 Change from Prior Reporting Period -23,166-7,034-5,3691,515-23,095-27,020-35,498 Traders 22457835854315168 Small Speculators LongShortOpen Interest 62,31931,041691,985 -13,912-5,434-40,932 non reportable pos...Read More
- Rob KirbyIt's the wee hours of Friday morning, March 6, 2020 and I am tuned in to Bloomberg "Surveillance" business news host Mr. [CFR] Tom Keene. Global equity markets are flat on their backs, crude oil prices are collapsing to multi year lows and the $US dollar looks like it's preparing to do a swan dive into the Hudson River. Thank god we have the likes of ole Tommy Keene and the rest...Read More
By: Gary SavageI want to add a quick note on the jobs report. Today's number is important in that if the government tries to fake a good number the market will probably lose all confidence in government statistics and likely react badly. There is no scenario where the number can be good as we have already been feeling the effects of the virus scare for a couple of months. A good number will be...Read More
By: Ira EpsteinRead More
Another tumultuous week inequity and interest rate markets has helped fuel a big pop in safe-haven demandfor gold and silver. The major market moving eventwas, of course, the Federal Reserve’s emergency rate cut on Tuesday. The Fedslashed its overnight funds rate by 50 basis points. But even before the Fedacted, the bond market had already forced its hand as yields on the 10-yearTreasury not...Read More
Yesterday, the Fed cut interest rates by 50 basis points. Not during a regular monetary policy meeting, but in a surprising move. But what are the implications for the gold market specifically?Fed Cuts Interest Rates in Emergency MoveLast week, I wrote that the spread of the new coronavirus to Europe and the inversion of the yield curve make “the Fed more likely to step in and cut the federa...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 366,17346,44085,359178,134529,145629,666660,944 Change from Prior Reporting Period -23,166-7,034-5,3691,515-23,095-27,020-35,498 Traders 22457835854315168 Small Speculators LongShortOpen Interest 62,31931,041691,985 -13,912-5,434-40,932 non reportable pos...Read More
- Rob KirbyIt's the wee hours of Friday morning, March 6, 2020 and I am tuned in to Bloomberg "Surveillance" business news host Mr. [CFR] Tom Keene. Global equity markets are flat on their backs, crude oil prices are collapsing to multi year lows and the $US dollar looks like it's preparing to do a swan dive into the Hudson River. Thank god we have the likes of ole Tommy Keene and the rest...Read More
Stock-market volatility has exploded on COVID-19 fears, shattering the Fed's QE4-fueled levitation. The resulting stunning sentiment shift has left investors and speculators wondering where these wild markets are heading. This is an important time to check the latest fundamentals underlying the big US stocks that dominate market action. They just finished reporting their Q4'19 results, whi...Read More
By: Gary SavageI want to add a quick note on the jobs report. Today's number is important in that if the government tries to fake a good number the market will probably lose all confidence in government statistics and likely react badly. There is no scenario where the number can be good as we have already been feeling the effects of the virus scare for a couple of months. A good number will be...Read More
By: Ira EpsteinRead More
Mar 08, 2020 Guest(s): Ian Ball CEO, Abitibi Royalties Despite warnings of gold being harder and harder to replace with new discoveries, Ian Ball, CEO and president of Abitibi Royalties (TSX-V:RZZ), said that innovation and pricing signals will find a way to keep the markets well supplied with the precious metal. Ball spoke to Kitco at the PDAC conference in Toronto. "I don't think we are at pea...Read More
Mar 09, 2020 Guest(s): Adrian Day The Federal Reserve's inter-meeting emergency 50-basis-point interest rate cut last week was a panic move and will continue to support gold prices, said Adrian Day, CEO of Adrian Day Asset Management. "You can't fight a virus with a rate cut," Day told Kitco News, on the sideline of PDAC 2020, the world's largest mining conference. "I think the Fed has complete...Read More
Another tumultuous week inequity and interest rate markets has helped fuel a big pop in safe-haven demandfor gold and silver. The major market moving eventwas, of course, the Federal Reserve’s emergency rate cut on Tuesday. The Fedslashed its overnight funds rate by 50 basis points. But even before the Fedacted, the bond market had already forced its hand as yields on the 10-yearTreasury not...Read More
Yesterday, the Fed cut interest rates by 50 basis points. Not during a regular monetary policy meeting, but in a surprising move. But what are the implications for the gold market specifically?Fed Cuts Interest Rates in Emergency MoveLast week, I wrote that the spread of the new coronavirus to Europe and the inversion of the yield curve make “the Fed more likely to step in and cut the federa...Read More
LONDON, 6 March 2020 - First-time gold investors are being targeted by scammers, but there are simple signs to beware says BullionVault, quoted alongside other experts today by leading US finance news-site CNBC."The price of gold spiked again this week but scammers are also capitalizing on the surge," warns CNBC.One scam, says BullionVault's Adrian Ash, is over-charging unwitting investors for "ra...Read More
By: Ira EpsteinGold is fighting a battle. Momentum is slightly up, but needs to get above $1,654.30 swing line..Read More
Near zero bond yields globally will ensure that sharp corrections in gold will be used to invest for the short term as long as term. Guarded optimism in silver at the moment. One needs to remain on the sidelines till Monday. Clear picture of the spread of corona virus in USA and India will be known by end of next week. USA and India are two big consumers of goods and services. A big global slowd...Read More
All three indexes tanked by of 3% or moreStocks took a massive hit Thursday, unable to capitalize on yesterday's furious Super Tuesday rally. Wall Street continues to be gripped by coronavirus fears, as countries around the world extend quarantine and travel restrictions. The Dow lost over 969 points by the close, erasing nearly all of yesterday'sgains. The S&P 500 and Nasdaq Composite took massiv...Read More