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Russians have gone on a gold-buying spree. According to Russian media reports, investors in the country have bought a record amount of gold since 2014 despite prohibitively high taxes.
Pretty much everybody now expects the Federal Reserve to go to war against inflation, but the central bank has a problem not many people seem to be talking about – an economy buried under debt. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about consumer debt levels and their ramifications. […]
Global ETF gold holdings increased in November for the first time since this summer. Gold-backed ETFs saw net inflows of 13.6 tons last month. Total holdings rebounded from year-to-date lows to 3,578 tons. According to the World Gold Council, investment demand for larger gold ETFs returned with decades-high inflation and heightened market volatility.
Looking at the data, it appears hedge funds are currently driving price action in the gold market Please note: the COTs report was published 12/3/2021 for the period ending 11/30/2021. “Managed Money” and “Hedge Funds” are used interchangeably.
After President Biden announced he was reappointing Jerome Powell for a second term as Federal Reserve Chairman, Powell went hawkish, saying it’s time to retire the word “transitory” when it comes to inflation and talking about speeding up the taper. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the […]
Gold and silver delivery requests from the Comex neared a 1-year high in November. Note: This analysis focuses on gold and silver physical delivery on the Comex. See the article What is the Comex for more detail. Additionally, numbers from Comex for December 1 are still preliminary as of publishing. Numbers may change some.
Gold demand in India strengthened in October despite higher prices. This continues a rebound in the world’s second-largest gold market after it was pummeled by government policies during the coronavirus pandemic.
Earlier this week, President Joe Biden announced Jerome Powell will serve a second term as chair of the Federal Reserve. In effect, Biden stuck with the status quo. But the markets reacted as if big changes are afoot. Gold sold off hard, falling back below $1,800 an ounce. In this episode of the Friday Gold […]
Every key area of silver demand is forecast to rise in 2021, according to the Silver Institute’s Interim Silver Market Review. The institute projects silver demand will come in at 1.029 billion ounces this year. That would mark the first year demand has exceeded 1 billion ounces since 2015.
Gold finally broke through the $1,800 resistance after yet another sizzling hot CPI read. Could $1,900 be next? The analysis last month and the month before showed that a breakout in the price of gold looked to be very close. It happened!
