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PRECIOUS-Gold eases in narrow range as traders eye economic data
BySirhcSource: Written by Arundhati Sarkar for Reuters Dec 21 (Reuters) – Gold prices eased in a tight range on Wednesday as the U.S. dollar firmed, although bullion was not far from a one-week high scaled in the previous session as traders looked ahead to impending economic data later this week. Spot gold XAU= fell 0.2% to $1,813.23 per ounce by 0957 GMT,…
Trading the Gold-Silver Ratio
BySirhcFor the hard-asset enthusiast, the gold-silver ratio is common parlance. For the average investor, it represents an arcane metric that is anything but well-known. The fact is that a substantial profit potential exists in some established strategies that rely on this ratio. The gold-silver ratio represents the number of ounces of silver it takes to buy a single ounce…
How Much Silver Is Above Ground?
BySirhcCourtesy of VOIMA, by Jan Nieuwenhuijs Above-ground silver stocks are an order of magnitude higher than what is widely assumed. In total, there were an estimated 1.6 million metric tonnes of physical silver above ground by late 2018. This amount is 20 times higher than what The Silver Institute discloses as “identifiable above-ground stocks,” which…
Gold shatters ‘summer doldrums’ as it climbs to record territory
BySirhcMost-active gold contract nears all-time high, as front-month contract scores a record The gold market saw a lot of excitement on Thursday, with its climb over the last five sessions in a row ultimately lifting prices into record territory. “Ordinarily this is the quiet time for gold—summer doldrums,” said Ross Norman, chief executive officer of…
Gold Is Dangerously Under-owned by Americans, Especially Now Gold Is Dangerously Under-owned by Americans, Especially Now
BySirhcFar from being mired in the summer doldrums, precious metals markets appear to be on their way to making this summer one for investors to celebrate. $20+ silver and new record highs for gold are both well within reach. Even as the big tech stocks that make up the Nasdaq are posting rip-roaring gains, the…
Federal Reserve Proposes New Rule To Let Inflation Run “Hot” Ahead Of Next Recession
BySirhcCourtesy of Zero Hedge by Tyler DurdenMon, 12/02/2019 – 10:05 As the Federal Reserve remains unable to stoke inflation (because it refuses to measure it correctly) and refuses to factor in asset price inflation… … it has now considered launching a new rule that would let inflation run above its 2% target to make up for…