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By Alasdair Macleod |
May 24, 2013
The net gold position of the four largest traders, which we can assume are all bullion banks, on May 14 was long for the first time for as long as records are available, shown in the chart below.
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By Alasdair Macleod |
May 20, 2013
There has been a growing shift in favor of assets relative to bank deposits. This was initially encouraged by zero interest rates, but more recently there is little doubt that Cyprus’s bail-in has accelerated the trend.
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By Alasdair Macleod |
May 17, 2013
There was a determination in the paper markets to get the gold price down. Open interest on Comex rose on falling prices, as all categories of speculator have been increasing their short positions in the August future.
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By Alasdair Macleod |
May 13, 2013
In August 2011, I wrote to the Financial Services Authority to seek confirmation that the London-based custodians of SPDR Gold Trust (GLD) and iShares Silver Trust (SLV) were being regulated as custodians, despite the fact that physical bullion is not a regulated investment.
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By Alasdair Macleod |
May 10, 2013
Attention is now firmly focused on Chinese and Indian demand for gold, which between them is absorbing all non-Asian mine supply. Chinese net purchases of gold totaled 320.54 tonnes in the first quarter 2013.
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By Alasdair Macleod |
May 6, 2013
Regular readers will know I am in the inflation, possibly hyperinflation camp; but there are those that think the future is more likely to be deflationary.
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By Alasdair Macleod |
May 3, 2013
The question we would all like an answer to is having consolidated after the massive knock-down last month, will gold and silver prices continue to fall, or have they bottomed?
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By Alasdair Macleod |
April 29, 2013
There is a new campaign to end austerity. First, the IMF lets it be known it has second thoughts about it; then we are told the threshold of 90% government debt to GDP that must not be crossed, set by Professors Reinhart & Rogoff, is based on an Excel spreadsheet...
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By Alasdair Macleod |
April 25, 2013
The recent slide in the gold price has generated substantial demand for bullion that will likely bring forward a financial and systemic disaster for both central and bullion banks that has been brewing for a long time.
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By Alasdair Macleod |
April 22, 2013
For a long time governments have been redistributing peoples’ income and wealth in the name of fairness. They provide for the unemployed, the sick, and the elderly. The state provides. You can depend on the state. The result is nearly everyone in all advanced countries now depend on the state.
