What if the banks hold such astounding positions because they are only brokers for an entity or entities far larger? You know, like a government.
The net result is that if Bank of America did borrow and sell short 30 million oz of gold, as I contend, the roughly $50 billion in cash proceeds and derivatives position that BofA ended up with as a result...
The Fed and the Bank of Canada (BofC) meet this week. We await interest rate decisions. Could the Fed surprise? Many expect the BofC to hike rates.
The long-awaited rally in Treasury yields is shaking markets and, yet, gold stands aloof, with bullion over $1,800 per ounce.
Bitcoin is AAPL's speculative cousin, the exuberantly irrational side of the bull market. It, too, appears to be in a topping pattern, which I've sketched speculatively as head-and-shoulders formation.
I think metals are going to breakout to the upside. Most retail does not make money because of leverage..
This is the inflation feed-back loop or vortex I’ve described in the past where inflation feeds shortages, which create more inflation as people bid up the price of goods that are more scarce.
The importance of these sound money efforts should not be underestimated. After all, taxes on the purchase and/or sale of the monetary metals are real disincentives against their ownership and use.
The United States still lags behind both China and Europe when it comes to the production and domestic uptake of EVs, and the world’s biggest economy has made it loud and clear it wants to challenge its rivals’ dominance.
Technical stock chart updates on $GDX, $NEM, $SIL, $SILVER, $JNUG, $GOEX and more.
The weekly gold chart could get a classic bullish set-up if the 18-week moving average crosses over the 100 week moving average.
There is massive speculation of gold custom duty in India in the annual Union Budget on the 1st of February.