Commodity Trade Mantra

Posts Tagged ‘SPDR Gold Trust’

Sellers of Physical Gold Did Not Help Crash Gold Prices - Then Who Did?

The total volume of the crash in excess of 1,000 tonnes of paper gold contracts, dumped on the market in a matter of hours, makes it pretty clear that something ‘fishy’ was going on. So the main question remains, who sold? Clearly, the futures market crash was NOT caused by sellers of physical gold. But China & Russia will love & use the buying opportunity.

Silver and Gold Prices Supported by Weak Dollar - Rally Stalls Abruptly

A continuation of the defensive dollar tone over the past 24 hours, coupled with downward pressure on bond yields, has continued to provide underlying support to silver and gold prices. Analysts warn that continued upside for gold futures may be limited now that a Dec rate hike is firmly in play. According to Fed Fund futures, traders are pricing in a nearly 60% chance of liftoff by year-end.

30 Years of Data Says Gold Prices Will Rise If the Fed Hikes Rates

Fed rate hikes have, on average, seen much stronger gold gains than a cut, and more frequently, too. Seen against the last 30 years of data, gold is anticipating a major shock from Wednesday’s announcement. If the bond and futures markets prove right instead, and the Fed delays again, the turnaround in gold bullion could be swift.

Sticky Price Inflation at Highest Level since 2009 - What it Means for Gold

The common man has little idea of what the price of gold is because he does not fear inflation. Right now, gold is only an investment hedge for institutional players & still trending up since December. If inflation starts to become obvious though & the sticky CPI suggests that this might soon happen, any upside revaluation in the price of gold is likely to be quick & intense.

Gold Investment Necessitated by Failed Monetary Policies

Many analysts are interpreting weak Japanese Government Bond demand as a signal that investors are starting to lose confidence in the effectiveness of unconventional monetary policies, following increasingly desperate bids by the world’s central banks to reflate the global economy. In this environment, we believe investors are using gold to hedge portfolio risk as they add more stocks.

Silver and Gold Look Poised to Test Fresh Highs After Short Breather

Silver futures regained their footing to renew a charge to a fresh, nearly two-year settlement high, and gold tipped higher as surging U.S. stocks looked to pause their ascent. There are still numerous reasons for investors to choose gold and silver as a safe haven. The preponderance to ease further, now being pursued by a host of central banks, will likely provide an element of support.

You Can't Keep Gold Prices Down With Just A Strong Jobs Report

Some holders of gold took advantage of a small window to sell on Friday, worried that the 287,000 new jobs added in the U.S. would send the greenback to new highs against other major currencies. But as traders digested the headline, it became clear that the jobs report wasn’t that strong. What’s astounding is that the S&P 500 rallied 1.3%, the dollar gained 0.7%, yet gold closed up 1.7%.

Gold and Silver Pullback Before US Jobs Data - But Brexit Weighs on Fed

I am beginning to think the gold rally is running out of steam and may be due for a pullback. We need some fresh impetus to continue higher…Unless more dire news comes out of the UK (Brexit aftereffects) or elsewhere, I suspect there may be some profit taking ahead of the weekend. However the focus now shifts to Friday’s [US jobs] NFP print.

This Always Happens Right Before The Official Start Of A Recession

The exact same patterns that we witnessed just prior to the last major economic crisis are playing out once again right in front of our eyes. If you are waiting for some type of big announcement from the government that a recession has started, you are likely going to be waiting for quite a while. Those that are wise have already been getting prepared for a new recession.

Push Gold Prices Higher to Unleash Inflation - The Elite’s Master Plan

Yesterday, I explained how the monetary elites are looking to engineer higher gold prices to generate inflation since nothing else has worked. That’s the first answer. Today, I show you the second part of their plan, which may already be underway. The plan now is to have much larger budget deficits. When the government spends & deficit finances it, it will eventually produce inflation.

Gold is About to Get Volatile – Hang on Real Tight!

The gold trade is getting crowded right now. It’s already led to some serious volatility. And there will be plenty more. Is this trade about to overheat and blow up in your face? Even with a big, fat trend change like what we’re seeing in gold, the gains aren’t automatic. It’s important to keep your head on a swivel and periodically take some cash off the table if we get overextended here.

Gold Might Be Down, But Here’s Why You Shouldn’t Frown!

Gold prices are down & we must live with the general price decline over the past few years. Our global economy will sooner or later have to reset in an ongoing environment of unpayable debt. Bottom line is that precious metals will help the world transition in phase from a previous, failing/failed monetary and currency system into something new, something that works.

Will Gold Prices Finish 2015 with a Gain?

After its stellar performance last week, gold might do something it hasn’t done since 2012—that is, end the year in positive territory. It’s no mere coincidence that gold’s breakout coincides with the weakening of the U.S. dollar last week. The greenback signaled what’s known as a “death cross,” widely recognized as the start of a bearish trend.

Gold Price Outlook Gets Most Bearish: It’s Always the Darkest before the Dawn

Gold coin demand in 2015 is expected to be the lowest since 2008. Seeing diehard believers in gold stay away means their faith has been shaken. But the outlook for gold prices is now looking very bullish to me, in stark contrast to the ubiquitous bearish sentiment out there in the physical gold markets. Here are a few reasons.

Gold Up 11% In Euros This Year As Currency Wars Intensify

The dollar-centric nature of most financial media and the tendency to focus on gold solely in dollars would give one the impression that gold has been devastated this year. When measured against other currencies, gold has risen versus many major currencies & will continue to protect and grow wealth over the long term.

Expect Physical Gold Backing of Currencies Within Next Decade

The whole precept that printing money is good, that somehow zero or negative interest rates are good, is totally fallacious. Unimaginable & yet somehow the investment public has bought into it. So probably in less than 10 years we will see physical assets backing currency. Of course, the most likely physical asset is gold.

Enormous Bullish Gold Bet was just made with Call Options

Someone made a huge Gold bullish option bet & purchased 40,000 Mar 2015 GLD gold call options. The strike of the call options was $120. If the price of GLD reaches the range $130-$135 before expiration, this trader will make between 300% and 600% of his investment or $20-$50 million net profit.

Will Deflation, Recession Concerns make ECB Buy Gold Bullion?

Over the last couple of months, ECB has launched several measures to revive the lackluster Eurozone economy. Mersch said ECB should let these steps take effect first before considering more action. If more action was needed, ECB could theoretically purchase government bonds or other assets such as gold, shares, or ETFs.

Three Reasons to Buy Silver Today

A perfect storm is emerging in the silver market. Despite being the best performing world asset last month, I feel these recent developments will push silver even higher. While each of these is enough to nudge silver higher on their own, when they all hit at the same time, silver could finally have the breakout we’ve all been waiting for.

Gold To Rise On “Systemic And Geopolitical Risk” As Price Fixing Ends

London’s century-old process for fixing gold prices, tainted by a rigging scandal and attacked by critics as old-fashioned, goes under the spotlight this week in key talks aimed at modernizing the process. The market price of gold, which is driven by investment and jewellery demand, could climb as a result of an overhaul.

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