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Gold falls to 4-month low on firm dollar, risk sentiment
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Gold prices retreat to nearly 4-month low as dollar perks up
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S&P 500, Nasdaq hit record closing highs on upbeat earnings | April 23, 2019

Oil hits highest since November as U.S. tightens Iran sanctions | April 23, 2019

Lower mortgage rates, prices lift U.S. new home sales to one-and-a-half-year high | April 23, 2019

Russia adds 18.7 tonnes of Gold to reserves in March | April 23, 2019

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Tuesday Edition: April 23, 2019

Tuesday’s Paper Gold Raid And Fake Journalism
By: Dave Kranzler
It’s hard to believe an educated person wrote that commentary (“Gold Prices Sink To 4-Month Low On Scant Risk Aversion” by Jim Wycoff). Honestly, that headline makes me chuckle. Well then, Jim, the Dow is now up 153 points as I write this 5 hours later, which by your logic would imply there’s even less risk aversion than the “scant” risk aversion at 8:39 a.m. How come, Jim, the price of gold rebounded to the level where it was trading when fear of “scant” risk aversion triggered someone to unload 16 tons of paper gold in less than 60 seconds if indeed fear of scant risk aversion was the catalyst for sell order?

The Two Faces of Inflation, Report - postscript
By: Keith Weiner
Mainstream economics has one word to refer to rising prices, due to either cause. Inflation. And this biases gold analysis. If inflation is affecting the price of coffee in Seattle, then why isn’t it affecting the price of gold? The answer is simple, now that we have two clear concepts.

Inflation in this falling-interest rate cycle, is not monetary. Monetary forces are pushing prices down (due to falling interest rates). So if prices are rising, they are rising due to the increasing burden of useless ingredients.

But all the gold ever mind in human history is still in human hands. No one has the power to add useless ingredients to gold. So the price of gold does not go up from this cause.

This is one more reason why gold is the best way to measure declines in the dollar..

Mene Inc. Reports Financial Results for the Fourth Quarter and Fiscal Year 2018
By: Menē Inc.
Record IFRS Annual Revenue of $7.9 million in 2018, a $7.9 million (12,305%) increase Year-over-Year (“YoY”). Non-IFRS Adjusted Annual Revenue1 was also a company record of $9.3 million.

Record IFRS Quarterly Revenue of $3.5 million in Q4 2018, an increase of $1.5 million (77%) Quarter-over-Quarter (“QoQ”). Non-IFRS Adjusted Quarterly Revenue1 of $3.9 million was also a record in Q4 2018.

Consolidated IFRS Gross Profit of $1.6 million in 2018, including $1.0 million in Q4, up $0.8 million (372%) QoQ. Non-IFRS Adjusted Gross Profit2of $1.9 million in 2018, including $1.1 million in Q4 2018. All record highs.

Precious Metals Update Video: June gold contract swing lines..
By: Ira Epstein
Gold bias remains down.

(video update)

Can Gold Rise Without a Rate Cut?
By: Jordan Roy-Byrne CMT, MFTA
The gold stocks are extremely oversold on a short-term basis and a rally should begin within the next day or two. That being said, the path of least resistance is lower until the market shifts its focus from a rate cut to rising inflation. That will take some time.

Hold onto Your Wallets, All You Billionaires
By: Rick Ackerman, Rick's Picks
That is precisely why Warren’s latest soak-the-rich scheme flunks freshman economics: It fails, even, to acknowledge incentives, let alone understand how they produce wealth. It also neglects to consider the bad signal it will send to those who have collectively borrowed more than $1.5 trillion to pay for college, as well as students who might conceivably borrow in the future.

Asian Metals Market Update: April-23-2019
By: Chintan Karnani, Insignia Consultants
I have been writing for quite some time that higher crude oil prices will be a big threat to global economic growth. Iran, Venezuela and Libya crude oil is not there. May to September is the key consumption months for the year. Global economic growth will be derailed if crude oil prices continue to rise. Inflation in Asia will also rise if crude oil prices zoom. Higher crude oil prices is generally bullish for gold.