Shanghai Gold Exchange withdrawals for the week were about 46 tonnes. That is about 1,478,516 troy ounces. Year to date withdrawals are about 2,451 tonnes, compared to 2,074 in 2013 which was the previous high for withdrawals. Koos Jansen, The Chinese Gold Market Essentials Gold bullion is moving from West to East, in increasing amounts. At these price levels…
Shanghai Gold Exchange withdrawals for the week were about 46 tonnes. That is about 1,478,516 troy ounces. Year to date withdrawals are about 2,451 tonnes, compared to 2,074 in 2013 which was the previous high for withdrawals. Koos Jansen, The Chinese Gold Market Essentials Gold bullion is moving from West to East, in increasing amounts. At these price levels…
All pundits need something really good or really bad to write about. Few want to read analysis saying the porridge is just right. 2015 was not overall a good year for USA investors. Economically, the USA saw only weak growth. In 2014, stocks, home prices, industrial production, and consumer spending annual growth was in the range…
Nike (NYSE:NKENike (NYSE: has a name synonymous with sport. The company has a presence in 109 countries. Throughout the years most leading sports stars have signed lucrative deals with Nike. Therefore, the $109.6 billion (market cap) sportswear brand has been able to leverage their popularity to move more and more inventory. Keeping true to their mantra of “Just do it.”,…
Fundamental Forecast for the Yuan: Neutral Gold prices are down for the second consecutive week with the precious metal off by 0.84% to trade at 1065 ahead of the New York close on Friday. A historic week saw the Federal Reserve move to the raise the benchmark interest rate for the first time since 2006, fueling a…
It’s become fashionable in recent years to shun all types of forecasting about the future. This narrative usually involves the cherry picking of bad forecasts to prove the point. For instance, we often hear about how economists have never predicted recessions or how Wall Street strategists never predict bear markets. Something like this might be…
A lot of bearishness has been priced into the natural gas market due to many factors including robust production, bulging inventories, and mild weather on average across the country. Natural gas in the futures market reached a low of $1.68 MMBtu for Henry Hub on the January contract this past week. Natural gas closed trading…
Now that the Fed’s rate hike is in the history books and Yellen is eager to demonstrate that the Fed is confident enough in the US economy by unleashing the first tightening cycle in nearly a decade, market participants are dramatically shifting their attention, from the rate hike as a bullish key catalyst in the “renormalization”…
Market volatility has always been with us. But this market has been different since 1995 when Hedge Funds began to exert price dominance. Prices are set by the dominant market psychology. Since 1995 we have seen wide variations of the SP500 vs. SP500 Intrinsic Value Index ($SPY) which was designed to track the process Value Investors deploy…
The political status quo just took another hit. In the latest bout of nationalism to sweep across Europe, Marine Le Pen’s Front Nationale party scored unexpectedly strong gains in the recent French regional elections. In the first round of voting, it won six of the 12 regions, scoring 28% of the vote, topping the two main…
