Commodity Trade Mantra

Posts Tagged ‘Gold Premiums’

Why Some Major Financial Firms See Gold Prices at $1,440 to $1,550 Soon

A factor in my positive outlook for gold prices is the growing national debt, now almost $20 trillion dollars, has to be dealt with. It is at about 75% of the gross domestic product, a ratio not seen since 1950, after the budget exploded as a result of World War II. If the federal deficit for next year grows substantially, look for 2017 to be a very good year for gold prices.

Gold Buying Frenzy in India - The Price Means Nothing, Security is All

Gold jumped to $1,339 as speculation of a Trump win built. But then, Trump buying was met by Modi selling, which finally overtook Trump buying. What killed the gold rally? Those who are wiser are acquiring gold at bargain prices, at good prices and at high prices. The price means nothing. But it does require some wisdom to understand this.

The Role of India in the Global Gold Market

With such a long pro-gold culture and tradition at the individual and official levels, the role of India in the gold market should not be underestimated. In any reset of the international monetary system, such a large possessor of gold in official and private hands will also play a major, if not a principal, role.

Gold Vulnerable To Manipulative Sell Off In June - Bargain Hunters Delight

Technically, gold is vulnerable to a further fall in the short term & seasonal trends say June is traditionally one of the weakest months for gold as its 5 & 10 year average performance in June is negative. But being able to buy gold cheaper, given the state of the world today is “like being given discounts on life-rafts on the Titanic.”

Chinese Physical Gold Demand YTD 369t Up 51 % Y/Y

Compared to last year, the Chinese gold demand is up 51 % over the same period – China is on schedule to establish a new record, if the world can supply any more gold. The longer this insatiable demand continues the more I start to ask myself where this gold is coming from.

India Tightens Checks to Curb Gold Smuggling

India has started to make physical checks of gold stocks held by wholesalers to ensure inventories match quantity imported as India steps up efforts to halt gold smuggling. This could aggravate shortages in the physical market as authorities seize gold without a valid provenance, boosting premiums.

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