Home » September 30th, 2013 Entries posted on “September, 2013”

Gold price kept in check by the 55 day moving average as US government shutdown looms large

The last few weeks the 55 day moving average has been flitting between offering up support, to being overhead resistance. The last couple of days we’ve seen the 55DMA act as the top of gold’s trading range. Gold $ (daily): (click for sharper image) Note that the last couple of days gold has topped out […]

September 30th, 2013 | Posted in Gold News | Read More »

More Indian temples tell the Indian central bank to “poke-it” over their gold holdings

A couple of weeks back we reported that the Indian central (RNI) has gotten so desperate to not only curb gold demand, but also get its hand on the precious metal as well, that the RNI is contemplating trying to get its hands on the vast gold holdings held at Indian temples. We noted: We […]

September 30th, 2013 | Posted in Gold News | Read More »

People are now so desperate to avoid the gold tax in India they are actually swallowing the gold to smuggle it

Well that didn’t take long! This week we put out a couple of pieces (see this and this) about the growing trend of gold smuggling into India (up 600% in a year) – which is hardly surprising when you remember that gold imports are now taxed at 15% (in January it was ‘just’ 2%). We […]

September 27th, 2013 | Posted in Gold News | Read More »

If the ONS used an honest deflator UK Q2 GDP would’ve been ZERO

Today we got the final estimate for Q2 GDP in the UK, although we’re not sure of the worth of these numbers anymore – methodological changes have added a least a 0.1%-0.2% to the numbers, and then there is the deflator, which once again has come in a much lower than the CPI at 2.1%. […]

September 26th, 2013 | Posted in Analysis | Read More »

The battle for silver’s golden cross is on

Last week we wrote a piece about an imminent bullish ‘golden cross’ chart formation for silver. We noted: We’ve written in the past couple of weeks about the fact that gold is about to have a ‘golden cross’ (where the 55DMA [day moving average] moves above the 100DMA) before then end of September. A ‘golden […]

September 25th, 2013 | Posted in Silver News | Read More »

Another day in India and another gold smuggler is caught – third case in four days at the SAME airport

At the start of the week we published a story about the fact that gold smuggling into India has increased by 600%, which isn’t that surprising when you remember that the government has increased the tax on gold imports to 15%. So now there’s a instant 15% in ‘profit’ to be made for anyone who […]

September 25th, 2013 | Posted in Gold News | Read More »

When will parliament ask serious questions about the OBR’s methodology – ALL their two-year forecasts have FAILED

After throughly proving that the BoE are WORSE than a coin-flip when it comes to the simple task of predicting where the CPI will be in the future, we thought we’d turn our attention on the Office of Budget Responsibility and their forecasting ‘prowess’. The OBR was set up by the Tories when they came […]

September 24th, 2013 | Posted in Analysis | Read More »

The Bank of England have only been ‘right’ about inflation TWICE in the past eight years – Forward Guidance is already a ‘FAIL’

The Bank of England have moved onto a system of ‘forward guidance’ . Here’s how the BoE explain their new policy (we explain it for you here): In particular, the MPC intends not to raise Bank Rate from its current level of 0.5% at least until the Labour Force Survey headline measure of the unemployment […]

September 24th, 2013 | Posted in Gold News | Read More »

FoI request: Just what did the BoE know BEFORE the financial collapse that it kept SECRET from the Treasury AND FSA?

Earlier today we wrote a note about the startling revelation that the BoE’s deputy Governor, John Gieve, had written an internal paper circulated at the BoE about concerns the central bank had about the health of the UK banks. Writing a paper is nothing new, but keeping it secret from government AND the FSA certainly […]

September 23rd, 2013 | Posted in Gold News | Read More »

Did the Bank of England write an internal paper raising concerns about UK bank’s balance sheets BEFORE the collapse of Northern rock – and didn’t share it with the Treasury or the FSA?

Over the weekend we were treated to confirmation of something we’ve know all along – namely that at the first sign of a financial crisis, the UK government wouldn’t think twice about putting the army on the streets should they be needed to ‘keep order’, because of a financial collapse. A financial collapse that Brown […]

September 23rd, 2013 | Posted in Gold News | Read More »

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