Home » April 11th, 2014 Entries posted on “April, 2014”

China’s gold demand ROSE 41% in 2013 – and this doesn’t include scrap and home production

Regular readers will no doubt be aware that the real story of 2013 wasn’t about the drubbing the gold price got, rather, it was really about massive Chinese gold buying, and the flow of gold from West to East. So it should come as no surprise that we find out that Chinese gold demand rose […]

April 11th, 2014 | Posted in Gold News | Read More »

Janet Yellen’s game of Jenga

Janet Yellen has a plan. The plan is to exit the ultra-loose policy of the Federal Reserve, and to do so very slowly and very carefully. And by slowly I mean very slowly. 2013, the last year of the Bernanke reign and the sixth year post subprime, was the central bank’s most generous if measured […]

April 9th, 2014 | Posted in Analysis,Gold News | Read More »

Gold price trades back above 55DMA ahead of Fed minutes

Gold managed to close yesterday back above its 55 day moving average and seems to be finding some support at this level currently. Gold $ (daily): (click for sharper image) The next target for the bulls is pretty clear – the 2013 downward sloping trend-line (which was cleared in March) comes in around the $1320/30 […]

April 9th, 2014 | Posted in Gold News | Read More »

The Bank of England’s paper on money creation, and a reply to David Graeber

That David Graeber was not happy with my previous blog did not surprise me. Yet, his reply gave me cause to pause and to reflect. Had I missed something? Had I misunderstood the point he made in his Guardian comment? Here is again Graeber’s response to my blog: “I don’t see why anyone should take […]

April 7th, 2014 | Posted in Analysis,Gold News | Read More »

Gold price remains around $1300 as Dubai gold exchange introduces spot gold contract

Gold managed to close out the week last week at the highs and above $1300 – this morning gold remains trading around the $1300 level. Gold $ (1hr): (click for sharper image) After a blistering start to the year, gold has pulled-back the past couple of weeks. At one point gold was up around 15% […]

April 7th, 2014 | Posted in Gold News | Read More »

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