gold market

Gold’s Recent Volatility

Gold’s Recent Volatility: A Correction After A Stellar Rally

Gold's Recent Volatility

The spot price of gold has experienced significant volatility in the past few weeks, moving sharply away from its recent multi-year or even all-time high. This movement is being widely viewed by analysts not as a bubble bursting, but as a necessary and overdue corrective phase following an explosive rally. The initial ascent that pushed the yellow metal to its peak was primarily fueled by a potent mix of global risk factors, including escalating geopolitical tensions, mounting economic uncertainties, and a prolonged trend of significant gold accumulation by central banks. This period of rapid gains naturally led to overbought conditions and set the stage for a period of profit-taking by short-term investors. (more…)

By Bob711, ago

Gold Price Drop – buying opportunity?

Gold Price Drop

Here’s a breakdown of how I see the recent drop in gold prices — whether it looks like a pullback, a rout, or a buying opportunity — along with what the market consensus appears to be.

Gold Price Drop - buying opportunity? Gold Gold Bars - Standard Restoration Act,

What’s happening

  • Gold recently peaked above US $4,300/oz before dropping ~2 % (or more) in a short span, after hitting a record high.

  • The drop is attributed to a combination of:

    • A firmer U.S. dollar (makes gold more expensive in other currencies)

    • Some easing in safe-haven demand (for instance, comments from U.S. leadership around trade with China)

    • The fact that gold is now “overbought” in many analysts’ views, suggesting a technical correction might be underway.

(more…)

By Bob711, ago

Gold at Fort Knox?

Gold at Fort Knox?

Why has the Trump & Elon going toFort Knox for an audit of our gold seem to have dropped out of the news?

A hypothetical audit of Fort Knox revealing that only half the gold was present would send shockwaves through the global economy, leading to a cascade of significant and largely negative effects. Here’s a breakdown of what would likely happen: (more…)

By Bob711, ago

New Gold Market

Russia’s New Gold Market

Russia’s new gold market proposal would create an international trading market that competes with the LBMA and could impact the price of gold, the currencies it’s denominated in, and the ability of bad actors to pull off coordinated manipulation. 

What’s the story with the BRICS reserve currency and the proposed Moscow World Standard (MWS)? (more…)

By Bob711, ago

Gold Price @ $2,400

Gold Price @ $2,400

Fantastic interview! Love the quote “Mr Powell has to feel like a porcupine in a balloon factory”.

The conflict in Eastern Europe is likely to be protracted, and energy prices will respond by rallying even higher from current levels, said Pierre Lassonde, chairman emeritus of Franco-Nevada and CEO of Firelight Investments.

“I think that Mr. Putin calculated that this was going to be an easy, quick win for him, to just roll into Ukraine and essentially put Humpty Dumpty back together, which was what he was trying to do. His plans are not turning out exactly as he had wished. With the Germans now changing tack and saying, we’re going to provide military help, that has changed the possible outcome of this war quite dramatically. The longer it lasts, the more profound the impact is going to be, particularly on the energy market. If this goes on for two, three weeks, a month, I think you’re looking at $200 oil,” Lassonde told Michelle Makori, editor-in-chief of Kitco News on the sidelines of the BMO Global Metals & Mining Conference. (more…)

By Bob711, ago