The enemy of your enemy is indeed your friend -- sometimes, and maybe for a while. But why should any gold advocate think that the totalitarian regime in Beijing is any more trustworthy than the corrupt regimes in London and Washington?
This is a potential major sea change in central bank policy. It is coming at us at the same time as the Japanese central bank is also making changes. The yen is continuing to weaken (finally). The Japanese central bank could raise rates more, but..
The new gold clearing system also features a partnership with the Shanghai Gold Exchange. Lee said that “Delivery Connect” will “bridge the fiscal liquidity pools of both markets.”
Now that war is re-igniting in a much more oil-depleted world, price volatility will increase substantially. However, speculators and their analysts may remain intentionally blind...
North American funds reported a 60.5-tonne decrease in gold holdings through H1 valued at $7.7 billion. It was the weakest first half for North American gold-backed funds since 2013.
If Lambourne is correct, anyone who invests in a traditional gold exchange-traded fund like GLD in the hope of gold price appreciation is actually helping to sabotage free-market pricing...
Geopolitical uncertainty, labor market data, inflation expectations, and shifting Federal Reserve policy expectations have all contributed to the heightened volatility.
