Articles related to London Fix
 
Adrian Ash - Bullion Vault
10 Years of 4-Figure Gold
Spot gold prices first broke $1000 per ounce 14 March 2008... IN FACT the world's first ever $1000 gold deal had happened the day before, writes Adrian Ash at BullionVault. Thursday 13 March 2008 – a day earlier than the wholesale 'spot' gold price finally popped above $1000 per ounce – saw a customer of BullionVault offer the five ounces of gold he held in secure, insur
Thursday, March 15, 2018
Deepcaster
Impending Mega-Moves and re #1 Asset for Profiting and Protecting
DEEPCASTER LLCFORTRESS ASSETS PORTFOLIO | LETTERS, ALERTS & ARTICLESHIGH POTENTIAL SPECULATOR | HIGH YIELD PORTFOLIOPreserve & Enhance WealthInvestment & Geopolitical IntelligenceMarkets were triggered and shocked a few days ago when the yield on the Bellwether U.S. Treasury 10-Year Note shot up over 2.9% which resulted mainly from Fed Chair Powell’s hinting at the possibility of 4 rate hikes this year. Other soon-to-be-detonated Triggers will have Mega-Consequences for Key Market Sectors but wi
Friday, March 9, 2018
Adrian Ash - Bullion Vault
  Brexit, Gold and Harold Wilson's 'Pound in Your Pocket', 50 Years On
How the 1967 devaluation of Sterling killed the Gold Standard... THIS WEEKEND will mark 50 years since Harold Wilson's infamous devaluation of Sterling, writes Adrian Ash at BullionVault. Hoping to cut the trade deficit by making imports dearer and exports cheaper, the Labour prime minister claimed that the "Pound in your pocket" hadn't been devalued, only its internatio
Saturday, November 18, 2017
Przemyslaw Radomski CFA - SunshineProfits
Gold in Q3 2017
The third quarter of 2017 was positive for the gold market. The yellow metal has gained more than 3 percent between July and the end of September. As one can see in the chart below, the price of gold jumped above $1,300 for a while and even approached the 2016 highs. Chart 1: Gold prices (London P.M. Fix) from January to September 2017. What were the reasons behind that impressive upward move? The popular story says that worries about North Korea triggered a rally in gold prices. However, as
Monday, October 9, 2017
Przemyslaw Radomski CFA - SunshineProfits
Will Gold Break Out of Sideway Trading
Since July 11, gold has been in a short-term upward trend. The yellow metal has gained more than 8 percent since then until the end of August, mainly thanks to the depreciation of the U.S. dollar, as one can see in the chart below. Chart 1: Gold prices (yellow line, left axis, London P.M. fix) and the U.S. dollar index (red line, right axis, trade weighted index against major currencies). The U.S. dollar index declined because of political turmoil in the Trump administration and the narrowing
Friday, September 8, 2017
Przemyslaw Radomski CFA - SunshineProfits
Is It Worth Investing in Palladium
Palladium is another element with great importance to the modern economy, but it’s often overshadowed by the other more famous and expensive precious metals. As the chart below shows, palladium has been generally cheaper than platinum – its more expensive substitute in industrial use and jewelry. Chart 1: The palladium to platinum ratio (red line, right axis), the price of palladium (yellow line, left axis, P.M. London Fix, weekly average), and the price of platinum (blue line, left axis, P.M. L
Monday, July 24, 2017
Michael J. Kosares - USA Gold
Past few days a fractal event for the gold market. . . .
OPINION by Michael J. Kosares “In the absence of a credible monetary standard, we expect no escape from the treadmill of rising debt, both US and globally, that outpaces economic growth. Income inequality, wage stagnation, overvaluation of financial assets, and speculation instead of productive investment are likely to be prolonged under the current monetary regime. Whether or not policy makers take a proactive approach to address monetary reform, the fact remains that gold is massively underpri
Saturday, April 22, 2017
Andy Hoffman - Miles Franklin
Last Chance For France
Before I get started, I must recommend that this weekend, you listen to yesterday’s third installment of the Miles Franklin Silver All-Star Panel Webinar – hosted by myself, and featuring David Morgan, Steve St. Angelo, and Craig Hemke.  Nowhere on the internet – much less, for free – will you receive such vitally important information about the world’s most undervalued asset class.  And given the Cartel’s all-time high silver short position – amidst a veritable blizzard of potentially short-cov
Saturday, April 22, 2017
Mark O'Byrne - gold.ie
When Trump Turns On “Enemy Within” Fed It May Create 1970s Style Stagflation
David McWilliams has written an interesting article in which he puts forward the case that Trump is likely to turn on the “enemy within,” the Federal Reserve and bully them into “printing money.” He points out that this was seen in 1971 when Nixon bullied the Fed into printing and debasing the dollar. McWilliams says this would be bad for stocks markets which would fall in value as was seen in the 1970s. This would be positive for gold as the printing of dollars, rising inflation and stagflation
Thursday, April 20, 2017
USA GOLD - USA Gold
The Daily Market Report: Gold Retreats Into Range, but Fundamentals Support
USAGOLD/Peter Grant/04-19-17 Gold took another dip right before the London fix, just as it did yesterday. Both sells were reported to be around 25,000 contracts, or $3 bln in notional value. Yesterday’s retreat was fully retraced and then some. So far today, gold is nearly $10 off the intraday low at 1273.20. Technicians are watching a downtrend line drawn of the all-time high and someone may have a vested interest in not seeing that line breached. On the spot chart, the trendline has already be
Thursday, April 20, 2017
Bullion Vault
London 'Fix' Price Catches Up with Spot Gold as Stocks Fall Amid Trump-Putin Geopolitics
SPOT GOLD PRICES touched new 5-month highs against a falling US Dollar at $1275 per ounce in London on Wednesday, with the LBMA Gold Price benchmark fixing at its highest level since Donald Trump won the US presidential election last November. European stockmarkets erased an early bounce, but commodities pushed higher with government bond prices. Silver nudged above $18.40 per ounce in Asian tra
Wednesday, April 12, 2017
Przemyslaw Radomski CFA - SunshineProfits
  The Gold Market in 2016
How can we summarize the last year in the gold market? First of all, it was a mixed year for gold. The first half of 2016 was excellent for the yellow metal. Actually, the several-month long bull market in gold started in December 2015, when the shiny metal found a bottom at $1,049, after the FOMC historical meeting and the first interest rate hike for almost a decade. From then, the shiny metal made higher highs and higher lows, reaching a peak at $1,366 at the early July in the aftermath of th
Friday, January 6, 2017
Steve Saville - Speculative Investor
Market manipulation is not price suppression
One of the most annoying claims made by manipulation-focused gold-market commentators is that evidence of market manipulation constitutes evidence of long-term price suppression. The claim is annoying not so much because it is obviously false, but because many people get fooled by it even though it is obviously false. Experienced traders are well aware that banks and other large-scale operators regularly attempt to shift prices one way or the other in most financial markets to benefit their own
Wednesday, January 4, 2017
Przemyslaw Radomski CFA - SunshineProfits
What Investors Can Learn from Gold Priced in Yen
Our Market Overview would be incomplete without remarks about gold priced in the Japanese yen. Chart 1 shows nominal gold prices denominated both in the U.S. dollar and the Japanese currency, while Chart 2 plots the indices of gold prices in these two currencies. Chart 1: The price of gold in U.S. dollars (yellow line, right axis) and in Japanese yen (red line, left axis) from January 1979 to September 2016. Chart 2: Indices of gold prices in the U.S. dollar (yellow line) and the Japanese yen
Friday, November 25, 2016
Przemyslaw Radomski CFA - SunshineProfits
Will BoJ’s New Framework Become a Turning Point for Gold
The Bank of Japan announced in September a cocktail of new monetary policy measures, called “QQE with Yield Curve Control”. Let’s analyze these innovations in detail and discuss their potential implications for the gold market. As we have already noted in the Gold News Monitor, the package consists of two components: The promise to keep expanding the monetary base until inflation “exceeds the price stability target of 2 percent and stays above the target in a stable manner”;The pledge to cap 10
Friday, November 4, 2016
Chris Powell - GATA
Central banks, not bullion banks, long have been GATA's primary target
In commentary today (http://www.gata.org/node/16850) Sharps Pixley CEO Ross Norman rebutted your secretary/treasurer's skepticism about the need for a price benchmarking mechanism in gold like the venerable daily gold price fixings in London, which are operated by a few large investment banks (http://www.gata.org/node/16845). Maybe your secretary/treasurer should have been clearer from the outset, but it seems to GATA that valid benchmarks could be derived entirely from price and trade volume da
Wednesday, October 19, 2016
Chris Powell - GATA
Ross Norman: Why a gold benchmark is still needed and why London fix is best
My thoughts on GATA Secretary/Treasurer Chris Powell's most recent reply to me, which can be found here: http://www.gata.org/node/16845 1) Benchmarks. Actually, besides gold, there are many other fixings in commodities and they are more important than they might appear. For example approximately 85 percent of global base metals trades are conducted through the London Metal Exchange and they have benchmarks except that they are called "rings" as opposed to "fixings." Essentially they are a five-
Tuesday, October 18, 2016
Przemyslaw Radomski CFA - SunshineProfits
Gold during Presidential Election Cycle
Let’s analyze the chart below which shows how gold performed each year of the presidential election cycle. The first year of a presidency is a post-election year, the second is called the midterm election year, the third is the pre-election year, and the last year is an election year. For the yellow metal, the post-election year is the worst, as it gains only 2.27 percent, on average. On the contrary, the second year of the presidency is the best for the price of gold, as the shiny metal rallies
Friday, September 9, 2016
Andy Hoffman - Miles Franklin
It’s The Inflation Stupid!
It’s Wednesday morning – and whilst I know where today’s article – as well as the global commodity, currency, and financial markets – will end, it’s difficult to find a single topic to start with, given the myriad “horrible headlines” worthy of discussion.  But since, ultimately, I seek to inform you about Precious Metal prices, I’ll start with the past two weeks’ “trading,” and what it portends. ? Going back to last month’s BrExit referendum – whose “PM-bullish” political, economic, and social
Wednesday, July 20, 2016
Przemyslaw Radomski CFA - SunshineProfits
Gold-to-Palladium Ratio
Just behind the podium of precious metals (occupied by gold, silver and platinum) is palladium – an important, but often overlooked investment commodity. Like in case of silver and platinum, the gold-to-palladium ratio indicates the current state of the precious metals market. Investors may benefit from watching a ratio, as it helps to determine the strength of gold compared to palladium. Technically, the number is the price of gold divided by the price of palladium. It shows how many ounces of
Friday, July 1, 2016
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