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31 July 2015

Speculators, value investors and gold

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I have written before on how gold is a pure epsilon asset and driven by narratives . This article by  Michael Pettis takes a simila...
2 comments:
30 July 2015

Forecasts, forecasts, everywhere

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So the gold price drops, so the gold forecasts drop. Some recent calls in order of bearishness: Deutsche Bank – fair value $785 Morgan ...
29 July 2015

Gold market liquidity and manipulation

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  Yesterday Chris Powell of GATA criticised an article by Clif Droke on market manipulation. One point caught my eye, where Chris ide...
27 July 2015

How much gold does the Chinese Government really have?

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On Friday I posted on the messaging China may have been sending with its central bank gold reserves announcement. Today I will update...
24 July 2015

The message behind the Chinese gold reserves announcement

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I don’t want to pick on Societe Generale analyst Robin Bhar, as this was representative of most of the commentary around China’s gold ...
22 July 2015

Where to for Australian gold price

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I don’t know if this is the case in other countries, but here in Australia the TV news and other media report the USD gold price, not ...
21 July 2015

What’s the spin on the gold smash

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When the gold price has a big move the news agencies ring up traders for a comment. When I read these articles I’m looking for two things: w...
20 July 2015

Dissection of a gold price smash

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I was just settling in to write an article on the increase in Chian’s gold reserves when at 9:30am the gold price got smashed. Initial ne...
1 comment:
17 July 2015

Where did 110 tonnes of CME Hong Kong gold go?

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Thanks to Ronan Manly, we have found out that 110 tonnes left Hong Kong warehouses between Dec 2014 and mid-March 2015 http://research.perth...
16 July 2015

You can’t draw horizontal lines on a GLD chart

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In the case of GLD (and pretty much all metal ETFs) drawing horizontal trend lines, support and resistance levels, Fibonacci levels and so o...