Commodity Trade Mantra

Posts Tagged ‘Gold Pricing’

Why is Gold Up, is Wrong Question. Ask, Why isn't Gold higher, Around $1550?

Why is Gold Up is the wrong question. We should be asking: Why isn’t Gold higher? The answer to that question will likely come when the Fed decides to hike or not hike next week. And how Gold reacts. If you believe like us that what the Fed does is mattering less and less, than a hike will be a dip to buy. Gold is becoming focused more on the longer term problems enveloping us domestically & globally.

China Creates World's Largest Physical Gold Investment Fund For Central Banks

China’s new international gold fund expects to raise 100 billion yuan or $16 billion. About 60 countries have invested in the fund, which will in turn facilitate gold purchase for the central banks of member states to increase their gold holdings. The new project marks another step forward in the internationalisation of the Yuan.

China One Step Closer to Becoming World’s Gold Hub

China, the world’s largest gold producer & buyer, feels its market weight should entitle it to be a price setter for gold bullion. The benchmark London ‘gold fix’, is under scrutiny because of long-running allegations of price manipulation. The New Chinese gold price benchmark may be launched before the end of the year.

China Aims For Official Gold Reserves At 8500 Tonnes

Sun Zhaoxue: Currently, there are more and more people recognizing that the ‘gold is useless’ story contains too many lies. Gold now suffers from a ‘smokescreen’ designed by the US, which stores 74% of global official gold reserves, to put down other currencies and maintain the US Dollar hegemony.

SGE Chairman: China Should Become First Class International Gold Market

Xu Luode, Chairman of the Shanghai Gold Exchange said the Chinese gold market is an important force, a positive energy in the international gold market but its influence does not correspond to its mass & scale. Therefore to accelerate the development of China’s gold market, he proposed building China’s “Shanghai Gold”.

CME Group plans to launch Physically settled Asia Gold Futures

CME Group plans to launch a physically deliverable gold futures contract in Asia (the top consumer of gold in the form of jewelry, bars & coins), as the exchange targets rising hedging & investor demand in the top gold-consuming region & also help CME boost flagging revenues from its precious metals futures.

UBS Investigated For Gold Manipulation- Gold Inquiry Goes Beyond London Fix

A number of authorities are reportedly investigating manipulation of precious metal prices. UBS will take appropriate action with respect to certain personnel as a result of its ongoing review. The last time the CFTC did an “in depth” investigation of manipulation in precious metals, it found – nothing.

This Gold Model Calculates Prices Between 1971 And 2017

Did the gold bull market end in August 2011 – Or – Was last year’s decline merely a correction in the bull run? The answer, can be found in my gold pricing model that has accurately replicated Average gold prices after the noise of politics, news, HFT & day-to-day “management” have been purged.

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