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By Ross Norman |
April 24, 2013
There an oddity about gold at the moment with phenomenal physical demand in Asia, U.S. and Europe, while the actual spot prices languishes. We have written before about the strange disconnect between paper and physical demand but rarely has there been such a clear divergence.
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By Ross Norman |
April 18, 2013
Rarely has the gold market seen such a clear split, with the paper traders heading south while the physical heads north. The former has the advantage of leverage (via the futures) while the latter has scale.
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By Ross Norman |
April 15, 2013
The gold futures markets opened in New York on Friday, April 12 to a monumental 3.4 million ounces (100 tonnes) of gold selling of the June futures contract in what proved to be only an opening shot.
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By Ross Norman |
January 14, 2013
The long term gold bull run is intact, but the conviction and patience of gold investors may be tested in 2013. Against the backdrop of an improving macro-economic environment, particularly in the US, dollar firmness and a fading of the fear trade provide a drag on gold prices.
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By Ross Norman |
December 4, 2012
Gold received another body blow in mid-Asian trading hours which saw spot prices dip briefly below $1,700 before finding support at the technically important $1,705 level – the low seen on Nov. 15; a failure of this level after the US opening exposes $1,672.
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By Ross Norman |
November 29, 2012
There has been much speculation about the causes of the 24-tonne gold sale on Comex yesterday but closer inspection provides some clues... and more importantly what it tells us about the market outlook for 2013.
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By Ross Norman |
November 28, 2012
Gold saw a massive 24-tonne sell order (7,800 contracts) at 8:20 a.m. New York time – bang on the opening of the world's largest gold exchange – with a fall of 2.25% in the market price.
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By Ross Norman |
September 24, 2012
If gold is to maintain its run rate – and why wouldn't it – and if prices were to correlate with the size of the US monetary base, this would suggest that the gold price rally is also only roughly half way there.
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By Ross Norman |
July 6, 2012
While the European crisis deepens, investment demand for gold has continued to climb. The holdings in gold-backed ETPs rose to 2,413.61 tons, an all-time high, as investors switched out of the US Treasuries ETPs and added $2.2 billion to gold-backed ETPs in June.
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By Ross Norman |
June 27, 2012
Gold price has been hampered recently by deflationary, or more accurately, dis-inflationary forces, and the US dollar strength. However, despite the economic headwinds, the European credit crisis, and the stock markets' volatility, gold futures are still up 0.5% for this year.
