At year - end 2017, Indian ETF assets stood at INR 78,000 crores (USD 12 billion), with an annualized growth rate of 76.6 % over the past four years.1 For India, the passive investing space gained popularity, with a good deal
of interest in gold ETFs, but in the past few years, interest has shifted to equity ETFs, which have gained prominence.
Is this another example
of interest in gold moving from West to East and why is this happening?
Not exact matches
As well as their impact on the currency markets, rising
interest rates weigh on
gold in their own right, as they increase the opportunity cost
of holding non-yielding bullion.
Then there are
of course those
interested in the
gold mine
of health data for more nefarious reasons like fraud.
Nedlands - based explorer Bullabulling
Gold has advised its shareholders to reject Norton
Gold Fields» increased takeover offer
of 8 cents per share to obtain a 30 per cent
interest in the company.
Two
of Western Australia's most successful
gold miners are competing to gain control of Tanami Gold's Central Tanami project, indicating the growing investor interest in the gold mining sec
gold miners are competing to gain control
of Tanami
Gold's Central Tanami project, indicating the growing investor interest in the gold mining sec
Gold's Central Tanami project, indicating the growing investor
interest in the
gold mining sec
gold mining sector.
«
Gold is stuck between $ 1,238 - $ 1,260 with the risk to skewed to downside based on rising expected
interest rates and failure to break higher which has left it vulnerable to profit - taking
in the short term,» said Ole Hansen, the head
of commodity strategy at Saxo Bank.
Your emails, social media channels and blog posts should constitute a
gold mine
of useful, actionable content for anyone
interested in your field.
«I watched CNBC and I took up an
interest in gold at the age
of 15.»
The return
of gold mining as Western Australia's fastest - growing industry is becoming more
interesting, with a near - record price for the metal
in Australian dollars triggering increased exploration and a pair
of possible mine developments
in the Wheatbelt.
Its central bank has been one
of the most aggressive practitioners
of quantitative easing —
in January, it lowered
interest rates below zero — which has helped fuel demand
in gold around the world.
Professional
gold events
in Asia are now held 50 weeks out
of the year with
interest from other tours
in Europe and the U.S. strong, says Josh Burack, CEO, Asian Tour.
To avoid conflict
of interest, Lang won't cover Barrick and tries to avoid reporting on the
gold industry
in general.
Franco - Nevada Corp. (FNV: $ 44.16) A royalty company that buys
interests in a diversified range
of gold mines as well as
interests in oil and gas and other assets.
LONDON, March 19 -
Gold touched its lowest
in more than two weeks on Monday as markets remained nervous ahead
of a U.S. central bank meeting that could raise
interest rates and signal three more increases this year.
Placer can claw back its
interest in these projects, or any
of Templar's other
gold exploration projects
in Australia, to 70 per cent if further exploration proves them to be
of a size and quality which would
interest the
gold giant.
He was part
of a New York City dinner circuit that includes people who believe the US should go back to the
gold standard, rich people who don't think they should have to give back to society
in the form
of taxes, and anyone
interested in either
of those ideas who wanted to write a book about them.
«The extent and speed
of the rally
in gold prices is somewhat surprising as there are few pressing reasons to be bullish, indeed there are more headwinds than tailwinds,» ScotiaMocatta said
in a monthly note, citing rising U.S. equity markets as well as higher U.S.
interest rates.
Gold is highly sensitive to rising U.S.
interest rates, which increase the opportunity cost
of holding non-yielding bullion while boosting the dollar,
in which it is priced.
«Not too many people are
interested (
in gold) because
of the strong dollar.
Caused by worries
of a summer
interest rate hike and uptick
in the U.S. dollar,
gold and silver both stalled
in May but have since rallied on the back
of Brexit and with government bond yields
in freefall.
Investors
interested in the physical asset
of gold may want to consider investments such as IAU, the iShares Gold Tr
gold may want to consider investments such as IAU, the iShares
Gold Tr
Gold Trust.
Coupled with expectations
of rising
interest rates, this has led to a modest selloff
in gold.
China is obviously
interested in supporting its currency, and since it sold off quite a lot
of U.S. Treasuries
in the past year — Japan is now the top holder
of U.S. government debt — it will likely need to substantially build up its
gold reserves.
Back
in May, my main argument
in favor
of gold was a benign monetary regime, i.e. low to negative real rates, or
interest rates after inflation.
Precious and Industrial Metals Inflation concerns, geopolitical tensions and
interest - rate levels, especially real yields, contributed to a 1.7 % rise
in the spot price
of gold (to US$ 1,325 per troy ounce), as did swings in the US dollar.1 Gold prices traded within the US$ 1,305 — 1,360 range throughout the period, reached 18 - month highs in March and capped their third straight quarterly gain, a feat not seen since 2011.1 Haven demand was a key support as exchange - traded gold holdings of 2,269 metric tons (mt) neared a five - year high.1 The Fed is widely expected to boost borrowing costs, and investors have been carefully watching the central bank's statements to see whether it targets more rate increases in 2018 than previously projec
gold (to US$ 1,325 per troy ounce), as did swings
in the US dollar.1
Gold prices traded within the US$ 1,305 — 1,360 range throughout the period, reached 18 - month highs in March and capped their third straight quarterly gain, a feat not seen since 2011.1 Haven demand was a key support as exchange - traded gold holdings of 2,269 metric tons (mt) neared a five - year high.1 The Fed is widely expected to boost borrowing costs, and investors have been carefully watching the central bank's statements to see whether it targets more rate increases in 2018 than previously projec
Gold prices traded within the US$ 1,305 — 1,360 range throughout the period, reached 18 - month highs
in March and capped their third straight quarterly gain, a feat not seen since 2011.1 Haven demand was a key support as exchange - traded
gold holdings of 2,269 metric tons (mt) neared a five - year high.1 The Fed is widely expected to boost borrowing costs, and investors have been carefully watching the central bank's statements to see whether it targets more rate increases in 2018 than previously projec
gold holdings
of 2,269 metric tons (mt) neared a five - year high.1 The Fed is widely expected to boost borrowing costs, and investors have been carefully watching the central bank's statements to see whether it targets more rate increases
in 2018 than previously projected.
Eric Dubin and I discuss the ticking time bomb
of rising
interest rates and what it will take for
gold and silver to finally break out and up
in our «WTF Just Happened» podcast hosted by Jason Burack's Wall St For Main St:
In prior comments, and in pieces like Going for the Gold and Valuing Foreign Currencies, I've frequently noted the importance of real (after inflation) interest rate pressures in driving commodity and currency fluctuation
In prior comments, and
in pieces like Going for the Gold and Valuing Foreign Currencies, I've frequently noted the importance of real (after inflation) interest rate pressures in driving commodity and currency fluctuation
in pieces like Going for the
Gold and Valuing Foreign Currencies, I've frequently noted the importance
of real (after inflation)
interest rate pressures
in driving commodity and currency fluctuation
in driving commodity and currency fluctuations.
And though spot commodity / equity ratios (like the ratio
of the spot
gold price to the XAU) are actually supportive
of commodity stock prices
in and
of themselves, the historical tendency is for these ratios to lose some
of their informative value when commodity prices themselves have run to extremes and real
interest rates begin to turn.
Their underlying worth is determined by the central banking system and the government, through a series
of federal guarantees, the setting
of interest rates and so on (money used to be backed by physical
gold in Fort Knox, but that hasn't been the case since the 1970s).
The «taper tantrum»
of 2013 unwound those moves, leading to sharp moves higher
in real
interest rates and a sharp move lower
in gold.
A steadily increasing number
of people will want to get
in on the «new Bitcoin,» a bizarre paradox given that
gold is as old as time, and will soon realize that
gold possesses virtues Bitcoin does not, given that it is real, not digital and abstract; that owners can personally possess and store it
in physical form; that it will survive any kind
of electric grid or Internet disruption that might occur; that it can not ever be hacked; that it is the epitome
of private, quiet wealth; that it is actually quite beautiful to behold; and that it was not and can not be made by man, only by God, who does not appear to have any
interest in making any more
of it.
Let's take a look at some
of the key fundamentals that have kept
gold prices on a tight leash during the last few years against the backdrop
of a sharp correction
in the equities markets, rising inflation, geopolitical unrest and the likely end
of an era
of low
interest rates.
In the article, the MSM propagandist states such things as: 2017 has seen, according to his one time Goldman Sachs source, a «dramatic crash in [physical gold coin] demand,» that interest in gold coins is linked to «political conservatism, or anarcho - libertarianism» and «end of the world right wing sentiments,» that gold has been implicated in a «conspiracy to commit money laundering,» that gold is «financed by people in the narcotics trade,» that it comes from «illegal mines and drug dealers in Peru, Bolivia and Ecuador,» that «the federal authorities assume the NTR Metals [case] represented only a fraction of illegally sourced and financed gold,» that therefore the US attorney is broadly investigating the gold industry, that gold is «produced by exploited workers,» that «crude [gold] extraction techniques create serious and lasting environmental damage,» that gold plays an important part in «tax evasion,» that it is related to American gun sales, which the author abhors; that «drug dealers [use] gold imports as a way of laundering their proceeds,» and that «they came to realize that illegal gold [is] an intrinsically better business» than drug dealing; to name but a few of the aspersions cast against gold in the short articl
In the article, the MSM propagandist states such things as: 2017 has seen, according to his one time Goldman Sachs source, a «dramatic crash
in [physical gold coin] demand,» that interest in gold coins is linked to «political conservatism, or anarcho - libertarianism» and «end of the world right wing sentiments,» that gold has been implicated in a «conspiracy to commit money laundering,» that gold is «financed by people in the narcotics trade,» that it comes from «illegal mines and drug dealers in Peru, Bolivia and Ecuador,» that «the federal authorities assume the NTR Metals [case] represented only a fraction of illegally sourced and financed gold,» that therefore the US attorney is broadly investigating the gold industry, that gold is «produced by exploited workers,» that «crude [gold] extraction techniques create serious and lasting environmental damage,» that gold plays an important part in «tax evasion,» that it is related to American gun sales, which the author abhors; that «drug dealers [use] gold imports as a way of laundering their proceeds,» and that «they came to realize that illegal gold [is] an intrinsically better business» than drug dealing; to name but a few of the aspersions cast against gold in the short articl
in [physical
gold coin] demand,» that
interest in gold coins is linked to «political conservatism, or anarcho - libertarianism» and «end of the world right wing sentiments,» that gold has been implicated in a «conspiracy to commit money laundering,» that gold is «financed by people in the narcotics trade,» that it comes from «illegal mines and drug dealers in Peru, Bolivia and Ecuador,» that «the federal authorities assume the NTR Metals [case] represented only a fraction of illegally sourced and financed gold,» that therefore the US attorney is broadly investigating the gold industry, that gold is «produced by exploited workers,» that «crude [gold] extraction techniques create serious and lasting environmental damage,» that gold plays an important part in «tax evasion,» that it is related to American gun sales, which the author abhors; that «drug dealers [use] gold imports as a way of laundering their proceeds,» and that «they came to realize that illegal gold [is] an intrinsically better business» than drug dealing; to name but a few of the aspersions cast against gold in the short articl
in gold coins is linked to «political conservatism, or anarcho - libertarianism» and «end
of the world right wing sentiments,» that
gold has been implicated
in a «conspiracy to commit money laundering,» that gold is «financed by people in the narcotics trade,» that it comes from «illegal mines and drug dealers in Peru, Bolivia and Ecuador,» that «the federal authorities assume the NTR Metals [case] represented only a fraction of illegally sourced and financed gold,» that therefore the US attorney is broadly investigating the gold industry, that gold is «produced by exploited workers,» that «crude [gold] extraction techniques create serious and lasting environmental damage,» that gold plays an important part in «tax evasion,» that it is related to American gun sales, which the author abhors; that «drug dealers [use] gold imports as a way of laundering their proceeds,» and that «they came to realize that illegal gold [is] an intrinsically better business» than drug dealing; to name but a few of the aspersions cast against gold in the short articl
in a «conspiracy to commit money laundering,» that
gold is «financed by people
in the narcotics trade,» that it comes from «illegal mines and drug dealers in Peru, Bolivia and Ecuador,» that «the federal authorities assume the NTR Metals [case] represented only a fraction of illegally sourced and financed gold,» that therefore the US attorney is broadly investigating the gold industry, that gold is «produced by exploited workers,» that «crude [gold] extraction techniques create serious and lasting environmental damage,» that gold plays an important part in «tax evasion,» that it is related to American gun sales, which the author abhors; that «drug dealers [use] gold imports as a way of laundering their proceeds,» and that «they came to realize that illegal gold [is] an intrinsically better business» than drug dealing; to name but a few of the aspersions cast against gold in the short articl
in the narcotics trade,» that it comes from «illegal mines and drug dealers
in Peru, Bolivia and Ecuador,» that «the federal authorities assume the NTR Metals [case] represented only a fraction of illegally sourced and financed gold,» that therefore the US attorney is broadly investigating the gold industry, that gold is «produced by exploited workers,» that «crude [gold] extraction techniques create serious and lasting environmental damage,» that gold plays an important part in «tax evasion,» that it is related to American gun sales, which the author abhors; that «drug dealers [use] gold imports as a way of laundering their proceeds,» and that «they came to realize that illegal gold [is] an intrinsically better business» than drug dealing; to name but a few of the aspersions cast against gold in the short articl
in Peru, Bolivia and Ecuador,» that «the federal authorities assume the NTR Metals [case] represented only a fraction
of illegally sourced and financed
gold,» that therefore the US attorney is broadly investigating the
gold industry, that
gold is «produced by exploited workers,» that «crude [
gold] extraction techniques create serious and lasting environmental damage,» that
gold plays an important part
in «tax evasion,» that it is related to American gun sales, which the author abhors; that «drug dealers [use] gold imports as a way of laundering their proceeds,» and that «they came to realize that illegal gold [is] an intrinsically better business» than drug dealing; to name but a few of the aspersions cast against gold in the short articl
in «tax evasion,» that it is related to American gun sales, which the author abhors; that «drug dealers [use]
gold imports as a way
of laundering their proceeds,» and that «they came to realize that illegal
gold [is] an intrinsically better business» than drug dealing; to name but a few
of the aspersions cast against
gold in the short articl
in the short article.
So the
interesting thing is that over the last few days it does seem like we're getting a bit
of that back and
Gold is now trading
in opposition to the Nasdaq...
The main points
of differences
in Bitcoin
Gold which catch our
interest are: the Proof
of Work (PoW) algorithm, mining hardware, difficulty adjustment, and replay protection.
And while most
of management's effort to realize value is focused on the Donlin
Gold project, it appears to us that investors have totally discounted NOVAGOLD»S 50 %
interest in Galore Creek, which could someday be one
of Canada's largest and lowest - cost copper mines.
Whereas
in most markets an increase
in short - selling puts pressure on the lending market and pushes up the
interest rate at which short - sellers can borrow the underlying stock, the ready supply
of gold loans from central banks seeking to earn some return on their
gold holdings has, until recently, helped to keep lease rates low, generally
in the range
of 1 — 2 per cent (Graph B3).
That the banks well knew how to profit from the joint manipulation
of financial benchmarks, despite any purported differences
in interest between and amongst them on a given day, is confirmed by the fact that this [alleged price manipulation
of the London
Gold Fix] is just one
in a series
of such behaviors.
As with Fed funds, reverse repo rates,
Interest on excess reserves, and LIBOR, the price
of gold pings an important signal as to risk, the cost
of capital, the state
of the financial markets, and economic well - being
in general.
On the other hand, the rise
in the ratio
of open
interest to eligible
gold is unprecedented.
In previous work I drew attention to the link between the rapid growth of interest rate derivatives [IRDs] at Chase and Morgan subsequent to an unprecedented gold market preemptive selling episode in 199
In previous work I drew attention to the link between the rapid growth
of interest rate derivatives [IRDs] at Chase and Morgan subsequent to an unprecedented
gold market preemptive selling episode
in 199
in 1996.
Sabina holds a 100 %
interest in the Back River
Gold Project, which has the potential to produce 200,000 ounces of gold annually for 11 years, according to the results of a feasibility study that was released in September, 2
Gold Project, which has the potential to produce 200,000 ounces
of gold annually for 11 years, according to the results of a feasibility study that was released in September, 2
gold annually for 11 years, according to the results
of a feasibility study that was released
in September, 2015.
Since the failure
of MF Global
in 2011, COMEX
gold open
interest dropped from a peak
of 650,000 contracts to a range
of 370,000 to 450,000.
Now, the
gold price appears well supported at the mid - $ 1,200 / oz level from the resurgence
of interest in owning physical
gold and
gold ETFs.
Synthetic
gold traders appear to share three things
in common: no
gold, little or nothing
in the way
of margin requirements, and no knowledge
of or
interest in the fundamentals
of physical supply and demand.
These are quite
interesting developments
in light
of what we have discussed
in late December regarding the technical and sentiment backdrop as well as time cycles and seasonal trends
in precious metals (see:
Gold and
Gold Stocks — Patterns, Cycles and Insider Activity, Part 1 and Part 2).
Despite all the talk
of rising
interest rates
in connection to
gold, they're not a dominant driver
of prices.
May 3 - Rising costs start to squeeze American businesse CNN Money May 3 - Home Prices Jump Again And «$ 3 Gas Is Coming» Dollar Collapse May 3 -
Gold price claws its way higher on Fed meeting and geopolitics
Gold - Eagle May 2 - Q&A on SS Central America
Gold Coins CoinWeek May 2 - Goldman says case for owning commodities has «rarely been stronger» than it is now CNBC May 2 -
Gold, Silver See Corrective Bounces Ahead
Of FOMC Statement Kitco May 1 - Gold Eagle Sales Still Faltering While Mining Output Collapses — Perfect Storm Daily Coin May 1 - Relentless USD Rally Is Precious Metal Kryptonite GoldSeek Apr 30 - Venezuelan Inflation: The Demise of Fiat Currency in Real Time GoldSilver Apr 30 - Silver Market Update Clive P. Maund Apr 27 - Finest 1913 Liberty Head 5 - cent coin will headline ANA auction Coin World Apr 27 - PCGS security features help police nab suspects in robbery case Coin Update Apr 27 - The Most Famous Coin of Antiquity — the Athenian Owl Coin Week Apr 27 - Gold gains but remains vulnerable after Korean leaders meet Reuters Apr 26 - The Era of Very Low Inflation and Interest Rates May Be Near an End NY Times Apr 26 - What Is Gold: Asset, Commodity, Currency Or Collectibl
Of FOMC Statement Kitco May 1 -
Gold Eagle Sales Still Faltering While Mining Output Collapses — Perfect Storm Daily Coin May 1 - Relentless USD Rally Is Precious Metal Kryptonite GoldSeek Apr 30 - Venezuelan Inflation: The Demise
of Fiat Currency in Real Time GoldSilver Apr 30 - Silver Market Update Clive P. Maund Apr 27 - Finest 1913 Liberty Head 5 - cent coin will headline ANA auction Coin World Apr 27 - PCGS security features help police nab suspects in robbery case Coin Update Apr 27 - The Most Famous Coin of Antiquity — the Athenian Owl Coin Week Apr 27 - Gold gains but remains vulnerable after Korean leaders meet Reuters Apr 26 - The Era of Very Low Inflation and Interest Rates May Be Near an End NY Times Apr 26 - What Is Gold: Asset, Commodity, Currency Or Collectibl
of Fiat Currency
in Real Time GoldSilver Apr 30 - Silver Market Update Clive P. Maund Apr 27 - Finest 1913 Liberty Head 5 - cent coin will headline ANA auction Coin World Apr 27 - PCGS security features help police nab suspects
in robbery case Coin Update Apr 27 - The Most Famous Coin
of Antiquity — the Athenian Owl Coin Week Apr 27 - Gold gains but remains vulnerable after Korean leaders meet Reuters Apr 26 - The Era of Very Low Inflation and Interest Rates May Be Near an End NY Times Apr 26 - What Is Gold: Asset, Commodity, Currency Or Collectibl
of Antiquity — the Athenian Owl Coin Week Apr 27 -
Gold gains but remains vulnerable after Korean leaders meet Reuters Apr 26 - The Era
of Very Low Inflation and Interest Rates May Be Near an End NY Times Apr 26 - What Is Gold: Asset, Commodity, Currency Or Collectibl
of Very Low Inflation and
Interest Rates May Be Near an End NY Times Apr 26 - What Is
Gold: Asset, Commodity, Currency Or Collectible?
-- 4 reasons why «
gold has entered a new bull market» — Schroders — Market complacency is key to
gold bull market say Schroders — Investors are currently pricing
in the most benign risk environment
in history as seen
in the VIX — History shows
gold has the potential to perform very well
in periods
of stock market weakness (see chart)-- You should buy insurance when insurers don't believe that the «risk event» will happen — Very high Chinese
gold demand, negative global
interest rates and a weak dollar should push
gold higher