News Articles

Strange things are happening in the gold market. We have seen some huge gold price gains over the first seven weeks of the year, while over the past weekend we saw a very strong reversal when the Western markets were closed. Perhaps even stranger... 

Russia is one of the beneficiaries of this year’s 15 percent rally in gold. The Bank of Russia has steadily increased bullion reserves since at least 2006, including the purchase of . . . .

When there is no more gold left in London to export the gold price is likely to go higher on strong global demand induced by economic headwind. At the time of writing the spot gold price is $1,251.80 per ounce, up 18 % year to date, while the S&P 500 is down 9 % year to date . . . .

Other countries have been net buyers of gold since 2010, but not Canada. The Great White North has less than one ton left, the CBC reports. Last year’s reserve was modest enough, but . . . .

There is something seriously wrong taking place in the markets today.  This is also true in the paper gold and silver markets as well.  For a paper precious metals futures market to function properly, there has to be ample supplies of physical gold and silver.  However, the ongoing trend of falling precious metal inventories points to big trouble in the paper gold and silver markets . . . .

Gold imports to China have surged over 700% since 2010 ... exactly what China is doing with all that gold remains somewhat of a mystery . . . .

The stock market is having a horrible time so far in 2016, with the S&P 500 down more than 9%. Gold, on the other hand, is up nearly 10% year-to-date and hit a four-month high of just under $1200 per ounce on Monday . . . .

A global debt time bomb is ticking. What does it mean for the global economy and the gold market  . . . .

China’s gold demand will keep expanding as investors seek safe assets and jewelry buying increases, the China Gold Association said . . . .

Gold prices eased on Wednesday as the US dollar gained and better than expected data from the US helped ease global stress. Later in the day oil prices continued to rebound helping to lower risk aversion . . . .