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Gold Price Analysis: XAU/USD attempts to stabilize ahead of the $1670 June low – Commerzbank
BySirhcGold is attempting to stabilize at the 2019-2021 uptrend at $1667 but the yellow metal needs to do more work to negate the downside pressure, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. See – Gold Price Analysis: XAU/USD to near the confluence support zone at $1,660-$1,670 – DBS Bank Key quotes “The market…
Gold & Silver Prices Bounce Off Key Support Following Bond Fuelled Crash
BySirhcUS REAL YIELDS A KEY DRIVER FOR GOLD Yesterday saw the precious metals complex come under significant selling pressure with the gold price dropping 5.7%, the largest fall since April 2013, while silver crashed 14.95%, marking its biggest plunge since October 2008. While arguably precious metals were in need of a correction given their sizeable…
LBMA Press Release
BySirhcLBMA is the international trade association that represents the wholesale over-the-counter market for gold and silver bullion. LBMA undertakes many activities on behalf of its members and the wider market, setting industry standards including good delivery and refining standards, ownership of the precious metal benchmark prices as well as serving as a point of contact…
How fast will U.S. dollar sink?
BySirhcBy Patrick A. Heller According to current U.S. government projections, it will need to increase outstanding debt by $12 trillion over the next decade. That is going to be a huge problem. Such a massive increase in debt, by itself, is an indicator that the value of the U.S. dollar is destined to fall. If…
“Panic At The Repo”: One Of The World’s Top Repo Experts Explains What Really Happened
BySirhcAuthored by Curvature Securities‘ Scott E.D. Skyrm, one of the world’s most-respected repo market participants and experts. 10/08/2019 – 15:28 Panic At The Repo As a professional trader, I keep an eye out for the next panic or market crisis. Since the beginning of my career, there was a crash or panic every few years in…
NY Fed Announces Extension Of Overnight Repos Until Nov 4, Will Offer 8 More Term Repos
BySirhcCourtesy of ZeroHedge by Tyler DurdenFri, 10/04/2019 – 14:01 Anyone who expected that the easing of the quarter-end funding squeeze in the repo market would mean the Fed would gradually fade its interventions in the repo market, was disappointed on Friday afternoon when the NY Fed announced it would extend the duration of overnight repo operations…