goldmarket
As predicted, gold stocks are gradually declining. Their situation is unlikely to improve – the Fed is already planning another interest rate hike. After yesterday’s huge slide in the PMs (GDXJ declined by over 8%!) and a sizable increase in our short positions in junior miners, gold and silver are moving back and forth, gathering strength for the next move. Or waiting for the next trigger. Q1 2022 hedge fund letters, conferences and more They are likely to get it tomorrow (Wednesday, June 15), as the Fed is about to make another interest rate decision. The word got out yesterday that the Fed ...
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At the end of June, the Basel III accord became binding for European banks. This new set of rules could have an effect on the entire gold market. Q2 2021 hedge fund letters, conferences and more The Basel III AgreementOn June 28, the Basel III agreement came into force for EU, Swiss, and US banks. On January 1, 2022, it will also be binding for British banks, so I guess it’s high time to cover this issue in the Gold Market Overview. So, let’s begin by explaining what the Basel III accord is. It is a set of financial reforms that were agreed in 2010 after the Great Recession revealed some “defi...
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Bidenomics is a big departure from sound economics. But when reason sleeps, gold fortunes are born. Q1 2021 hedge fund letters, conferences and more A Fundamental Shift In Economic PolicyBiden’s triumph in the presidential election does not just mean that a new man lives in the White House. It actually implies a fundamental shift in economic policy. Some analysts even see Biden’s agenda as a decisive break with neoliberalism or “Washington consensus”. You see, in the old orthodoxy, most economists trusted in markets, argued for privatization, deregulation, and liberalization. Taxes and social ...
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Hurray! The disastrous year of 2020, which brought about the COVID-19 pandemic , the Great Lockdown , and the economic crisis , is over! Now, the question is what will 2021 be like – both for the U.S. economy and the gold prices. Q3 2020 hedge fund letters, conferences and more Important Economic TrendsTo provide an answer, below I analyze the most important economic trends for the next year and their implications for the yellow metal. 1. Society gains herd immunity by vaccination and the health crisis is overcome.2. With herd immunity approaching, the social fabric returns to normality, and t...
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Was the past year good for the yellow metal? What happened in 2020 and what will 2021 be like for the gold market? Q3 2020 hedge fund letters, conferences and more The Gold Market In 2020Nobody expected the Spanish Inquisition! And nobody expected a pandemic in 2020! Oh boy, what a year… How good that 2020 has already passed! It was an extraordinary year, unlike any other in many decades. Unfortunately, 2020 was a disastrous time for many people all over the world who suffered from COVID-19 or whose relatives and friends died because of the coronavirus or the collapse of the healthcare system…...
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2021 started off well for gold. It’s not surprising, as January is usually positive for the yellow metal, but the Georgia runoff results may constitute an additional bullish factor in the longer term. Q3 2020 hedge fund letters, conferences and more Gold Has Begun 2021 Very WellWhat a start to the new year! Gold has begun 2021 very well : as the chart below shows, the price of the yellow metal (London A.M. Fix) increased from $1,891 on December 31, 2020 to $1,947 on January 5, 2021. Should we be surprised? Not at all! Our readers are perfectly aware that January is historically a good month fo...
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The fate of the U.S. Dollar will weigh heavily on the future of the precious metals in 2021. At first glance, the USDX’s prospects look rather bleak in the first months of the year, but as the pages of the book turn, the dollar’s likely later ascension could prove rather bearish for gold and the PMs. Q3 2020 hedge fund letters, conferences and more USD Index Continues To Break HeartsBreaking hearts as the USD Index falls in and out of love, the greenback continues to leave bulls at the altar, which is likely to have important implications for the gold market in the following weeks . Dressed to...
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Gold plunged below $1800. Will these declines finally end?Q3 2020 hedge fund letters, conferences and moreGold Drops Below $1800November doesn’t look like a good month for gold. The declines in the precious metals market continued last week. As the chart below shows, the price of the yellow metal dropped to $1,779 on Friday (November 27).What is going on? Well, it seems that investors have switched into a risk-on state of mind, which sent the safe-haven assets such as gold substantially lower . You see, a lot of important things happened or are happening: a few vaccines are coming to the marke...
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It might have been tempting to think that the recent move lower in the U.S. Dollar Index would serve to push gold higher, as it usually does according to the traditional pattern. But these are extraordinary times and there are too many external factors weighing negatively on the price of the yellow metal.Q3 2020 hedge fund letters, conferences and morePrecious Metals CapitulateAs if the previous vaccine announcements weren’t enough, the latest vaccine trials from AstraZeneca further propelled positive news. And as Trump reluctantly gave Joe Biden the green light towards a transition to the Whi...
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