by irdadmin | Oct 29, 2017 | Financial Markets, Gold, Market Manipulation, Precious Metals
By having control of the physical market for gold, China can threaten to use it to destabilize the dollar, without destabilizing the yuan. As such, it is potentially devastating, and used carelessly could trigger an economic collapse in Western capital markets,...
by irdadmin | Aug 27, 2017 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
I had not noticed until I looked mid-day today (Thursday, Aug 24th) and saw that the HUI index was above 200. It ended up closing just above 200. I want to see it hold above 200 dma and move higher from there before I get excited. But the chart has become mildly...
by irdadmin | May 16, 2017 | Financial Markets, Gold, Market Manipulation, Precious Metals
A new gold futures contract is being introduced by the Hong Kong Futures Exchange (two contracts actually). The two contracts will be physically settled $US and CNH (offshore renminbi) gold futures contracts. The key to this contract is that it requires physical...
by irdadmin | Feb 14, 2017 | Financial Markets, Gold, Market Manipulation, Precious Metals
These premiums [the ex-duty import prices being paid for legal kilo bar imports in India] are actually quite remarkable as the need to import kilo bars only arises if Indian demand is not satisfied by Dore imports (which had a duty advantage of $15.52/oz this...
by irdadmin | Feb 9, 2017 | Financial Markets, Gold, Market Manipulation, Precious Metals
Central banks stand ready to lease gold in increasing quantities should the price rise. – Alan Greenspan, 1998 in Congressional testimony on OTC derivatives Gold has been in a steady uptrend since December 18th, bottoming at $1131 after a four and half month...