Home » October 31st, 2013 Entries posted on “October, 2013”

Gold price dips below its 55DMA after Fed’s ‘no-taper’ announcement

After last month’s ‘shock’ (unless your name is Peter Schiff) no-taper announcement, yesterday’s no-taper announcement was fully expected. In fact, if the Fed couldn’t taper last month it now seems increasingly likely that the Fed will never taper, instead 2014 is likely to be dominated by the new Fed chair, Janet Yellen, and just how […]

October 31st, 2013 | Posted in Gold News | Read More »

Dollar index bounces off its lows for 2013 – but for how long?

After the debt-ceiling debate/debacle can was kicked for a puny 3 months (can-kicking ability by governments seem to declining precipitously) the dollar index (DXY) crashed below 80 and onto 7 month lows. At the time we noted: It’s pretty clear what people thought of an infinitely increasing debt ceiling – it’s negative for the dollar […]

October 29th, 2013 | Posted in Analysis | Read More »

UK recovery? Not so fast, as retail sales come in much worse than expected

As we’ve been saying for the past few months, the notion that the UK is in any form of meaningful recovery is laughable (after all it takes £3 of new debt to ‘buy’ just £1 of GDP growth). But that hasn’t stopped the econo-erarty and just about every tweeting Tory MP claiming that boom-times are […]

October 29th, 2013 | Posted in Gold News | Read More »

Gold price back to flat for the week after rallying 8% from the lows two weeks ago

At the height of the debt-ceiling debate/debacle gold was pushed as low as $1250. However, when the limit was essentially scrapped (until February at the very least – likely permanently), gold took-off, which was the exact time that Goldman Sachs said it would be a ‘slam-dunk sell’, and has now rallied some 8% over the […]

October 29th, 2013 | Posted in Gold News | Read More »

Gold price back to flat for the week after rallying 8% from the lows two weeks ago

At the height of the debt-ceiling debate/debacle gold was pushed as low as $1250. However, when the limit was essentially scrapped (until February at the very least – likely permanently), gold took-off, which was the exact time that Goldman Sachs said it would be a ‘slam-dunk sell’, and has now rallied some 8% over the […]

October 29th, 2013 | Posted in Gold News | Read More »

Gold premiums in India jump from $100 to a record $150 over spot – a year ago it was JUST $3

In the middle of October we reported that physical supply of gold in India was so tight premiums (the price actually paid for gold over the ‘spot’ price) were a staggering $100. We wrote: With the paper price of gold being smacked each way to sunday, it’s worth remembering that if you tried to pick […]

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

Silver price now back above its 55 day moving average – ‘breakout’ confirmed?

Earlier today we wrote that gold had broken back above its 100DMA and was hovering just below its 55DMA – painting an intriguing technical set-up for gold in the coming days. Silver seems to be a few trading days ahead of gold in terms of breaking its moving averages. Silver has now broken above the […]

October 22nd, 2013 | Posted in Silver News | Read More »

Gold price smashes back above its 100 day moving average on bad but ‘good’ US unemployment data

UPDATE: WELL THAT WAS QUICK 55DMA NOW BREACHED TOO A couple of weeks back during the US government shutdown we noted the absurd position the Federal Reserve found itself in. We wrote the following in an article titled “The Fed’s flagship monetary policy is tied to a piece of statistical data that doesn’t even exist”: […]

October 22nd, 2013 | Posted in Gold News | Read More »

UK debt jumps 6% in one year as Osbourne continues to run near record deficits

Today we got the latest debt and deficit numbers for the UK, and once again they show a growing debt with deficits still at record levels. From the release: In 2012/13, public sector net borrowing excluding temporary effects of financial interventions and also excluding the effects of the transfer of the Royal Mail Pension Plan […]

October 22nd, 2013 | Posted in Analysis | Read More »

The Benefits of Alternative Assets

Financial planning during the current low interest rate environment is a difficult task for many investors as historically low interest rates have made certificates of deposits; cash and short term bonds an unattractive proposition.  Although the safety of a money market account is attractive to many investors, the yields investors are receiving relative to inflation […]

October 18th, 2013 | Posted in Markets | Read More »

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