Gold News
We often sight (here, here and here for example) the 200 daily moving average (DMA) as a good long term indicator of when to buy gold on a pull back. However for most of this year gold has hugged the 20DMA very closely. After getting as high as $1920/£1161 gold corrected sharply, falling some $220/£121 [...]
For almost two months now gold has been making record high after record high. But yesterday we finally got a meaningful and very healthy pullback in gold to the tune of $100. Unsurprisingly the usual suspects have come out of the woodwork to claim that the gold bubble has burst – you know, the same [...]
Remember those heady days of 2008/9 where it seemed every week the government was chucking UK taxpayer money at a bank? Well, by the time the dust settled the UK government ended up owning 83% of RBS and 41% Lloyds TSB. Whilst these figures seem to be generally well known amongst the public, what seems [...]
Back in March when silver was trading around $37 we wrote an article titled “if you take a 31 year trip to the Grand Canyon – you’re going to take a look” linking silver’s rise to taking a trip to the Grand Canyon from NY. The premiss of the piece was that you should think [...]
Ben Davies, CEO of Hinde Capital, shares his thoughts on the gold price and the trend of governments, institutions, companies and individuals to own physical and deliverable gold bars rather than ‘paper gold’, either delivered or managed in independent vaults. He highlights this weeks move by Chavez to ask for the the 365.7 tonnes of gold that he owns [...]
Nigel Farage talks about the gold price, riots and political reform. Nigel has spent 20 years as a commodity broker and trader and is co-president of the Europe of freedom and democracy group. ” I suspect we have not seen the worst yet , I think what happened in 2008 is we deferred the banking crisis [...]
This week the Bank of England published the minutes of their last meeting – such is the comedic value we had to double check that they weren’t a spoof done by The Poke. We can confirm that all of the below are indeed genuine and from the BoE’s most recent minutes, presented with our translation [...]
Last week we published this article pointing out the DJIA had 3 top 11 one day point drops in the space of a week. Well yesterday wasn’t quite in the top 11 but it was still a very heavy sell off in US stocks – some 420 points in a single day. Once again [...]
The Gold price rise of over 10% this year has been supported amongst other things by demand from bar and coin investment and jewellery demand in China and India according to the World Gold Council in its Gold Demand Trends Second Quarter 2011 report. The Q2 Gold Demand Trends report for 2011 states that a [...]
With the risk of sounding like a stuck record when it comes to UK economic data, today’s retail sales numbers are just another sign that the UK is back in a recession it never really left. According to the ONS retail sales volume, excluding petrol contracted 0.2% from a year earlier. And even when you [...]
