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Where Did That Gold Rally Go?

Posted on 14 November 2016 by VRS  |  Email |Print

Last week at this time, most analysts expected that gold could rally to $1,400 an ounce on a surprise Trump victory. And, in the wee hours of Tuesday evening as it became apparent Trump was leading, gold delivered, jumping over 5%.Sign up Kitco Newsletter But…..that was Tuesday.
Since its super rally, the price of gold has more than reversed all of its previous gains and it is now trading at a five-month low. So, what happened to the Brexitesque effect of Trump? Well, as research firm Capital Economics said this Friday, markets appear to believe that a Trump victory will lead to major infrastructure spending and much more aggressive Fed tightening…………………………………….Full Article: Source

The ultimate reason for owning gold might be shifting after Trump’s win

Posted on 11 November 2016 by VRS  |  Email |Print

Amid growing expectations of rising inflation or even promises of more economic stimulus, analysts seem divided as to how gold will perform in the longer term and the reasons for owning the precious metal in the first place.
Gold fell Thursday after seeing significant gains on the previous day. Gold fell back to below $1,300 a troy ounce after reaching a six week-high on Wednesday on the news that Donald Trump had been elected as the next U.S. president…………………………………..Full Article: Source

Trump’s Victory And Gold Prices: What Does It Mean For Precious Metals?

Posted on 11 November 2016 by VRS  |  Email |Print

Donald Trump pulled off an upset victory Tuesday for the US Presidency, overcoming Hillary Clinton, who despite recent polls showed that the former Senator had a sizeable lead heading into the election. Yet by the end of the count, it was Trump who captured the required 270+ electoral college votes to win.
And as most major world markets were pricing in an outcome in line with the polls, chaos erupted within the financial markets as votes began to show Trump securing a probable victory. If there is one thing markets hate it is uncertainty. And as Trump will be the first US President without prior government experience to step into office, the outcome is certainly giving markets plenty to worry about…………………………………..Full Article: Source

Trump’s Spending & Inflation ‘Look Positive’ for Gold Price, But 2011 Downtrend Holds

Posted on 11 November 2016 by VRS  |  Email |Print

Gold price gains of 4.5% overnight Tuesday were all erased by the close of London trade yesterday, with a $20 rebound then fading on Thursday as world stock markets extended their rally following Donald Trump’s surprise victory in the US presidential election.
Japan’s Topix index closed 5.8% higher, reversing the previous day’s losses, and Eurozone equities rose another 0.5% as the start of Thursday’s US trading approached. Major government bond prices, in contrast, continued to fall amid analyst talk of Trump’s infrastructure and spending plans – as well as inflation – driving 10-year US bond yields above 2.00% for the first time since January…………………………………..Full Article: Source

Gold miners surge as Trump risk lifts commodity optimism

Posted on 10 November 2016 by VRS  |  Email |Print

Gold jumped as much as $75 an ounce on Wednesday, while gold miners surged as investors watched Donald Trump edge ever closer to the White House. But, as with the other knee-jerk market reactions to the news that the property developer with no previous political experience will be the 45th American president, the yellow metal’s move moderated somewhat following his acceptance speech.
Striking a much more conciliatory tone than characterised his campaign and notably lacking any mention of his more extreme campaign promises, the speech seemed to calm some of the initial jitters and saw gold fall back toward the important technical level of £1,300 per ounce………………………………………Full Article: Source

Gold price turns negative after surge on U.S. election result

Posted on 10 November 2016 by VRS  |  Email |Print

The price of gold turned slightly negative from the sharp gains made earlier on Wednesday, after a conciliatory victory speech from U.S. President-elect Donald Trump also helped the dollar rebound.
Gold had surged by nearly 5 percent to a six-week high of $1,337.40 an ounce as it emerged that the Republican nominee had triumphed over Democrat Hillary Clinton in the presidential election, a surprise for markets which prompted investors to seek refuge in perceived safe-haven assets like gold………………………………………Full Article: Source

What’s Next For Gold After Trump’s Victory?

Posted on 10 November 2016 by VRS  |  Email |Print

Safe-haven gold was losing ground to a big rebound in the U.S. stock market after its strong overnight losses. ‘I wish I could tell you what happens next, but the markets need some time to reflect on the phrase, President Trump,’ said Kitco Metal’s global trading director, Peter Hug on Wednesday.
Throughout the night, markets saw extreme volatility across the board. Gold moved up some $80, from its low print to its high, and the stock market was at one point 800 points limit down, as it became clear that Democratic candidate Hillary Clinton was losing, Hug explained. The focus is now back on the expected Federal Reserve rate hike in December………………………………………Full Article: Source

Gold has become too expensive for almost everyone

Posted on 09 November 2016 by VRS  |  Email |Print

The rise in gold prices this year has made the metal less appealing to buyers across the world. Global gold demand slumped 10% year-on-year in Q3 to 993 tonnes, according to a quarterly report from the World Gold Council published Tuesday.
Jewelry demand fell in nearly every consumer market that the council follows, sliding 21% year-on-year in the third quarter to 493 tonnes. The drop was the biggest in two years…………………………………….Full Article: Source

Global gold buying dims 10% in Q3

Posted on 09 November 2016 by VRS  |  Email |Print

Gold buying globally fell 10 percent in the third quarter as consumer demand in China and India sagged and central banks halved their purchases, despite a rise in investment sentiment, the World Gold Council said.
Chinese consumers bought 22 percent less gold in the July-September period due to “cooling economic growth, stock market uncertainty and concerns over a property bubble,” said Roland Wang, managing director of WGC China…………………………………….Full Article: Source

World gold council: India demand down 28% in Q3 on high prices

Posted on 09 November 2016 by VRS  |  Email |Print

Gold demand in India was down 28 per cent at 195 tonnes (271 tonnes) in the third quarter on the back of high prices and Government policies targeted at diverting physical gold demand into financial products linked to gold.
The Central government recently levied excise duty of 1 per cent on gold jewellery, besides making PAN card disclosures mandatory for purchase of gold above ₹2 lakh. The voluntary income disclosure scheme also instilled a fear factor on consumers and had a negative impact on overall demand, said Somasundaram PR, MD (India), World Gold Council…………………………………….Full Article: Source

Global Gold Jewelry Demand Falls 21% In Q3

Posted on 09 November 2016 by VRS  |  Email |Print

Gold jewelry demand saw its largest decline in two years, according to the World Gold Council, the market development organization for the gold industry.
Demand in the third quarter of 2016 fell 21 percent, year-over-year, to 493.1 tons largely due to high prices for the precious metal on the world market, the WGC said in its quarterly Gold Demand Trends report. However, every region faced its own difficulties that contributed to the decline…………………………………….Full Article: Source

What will the US election mean for gold?

Posted on 09 November 2016 by VRS  |  Email |Print

It looks like it’s going to be Hillary. At least, that’s what the markets decided yesterday, in the wake of the FBI announcement that her emails showed no criminal wrongdoing. Both the Dow Jones and the S&P 500 were up 2%, the dollar was up 1% and gold took a 2% slap in the face.
The world isn’t going to end. Business will be as usual. The status quo will prevail. Really? Not sure. But what I’m thinking about is the outlook for gold in all this… The question we’re all wondering now is whether we’re going to see a Brexit-type upset in the US election. We’ll know the answer to that by tomorrow…………………………………….Full Article: Source

Gold may sparkle but silver offers better profit opportunities

Posted on 09 November 2016 by VRS  |  Email |Print

The rebound rally in gold is well established with a move above $1,290. The upside target is near $1,350. It’s good to see the gold uptrend continuing but the upside target delivers only 4.65% profit. Rather than trade gold there are more effective and profitable ways to trade this rebound.
Gold’s companion, silver, has similar characteristics but offers a higher return for the same behavior. Silver lags the gold price behavior. Silver has a resistance level near $18.75. This is the equivalent to the $1,290 resistance level on the gold chart. Silver lags gold so the silver price is only just moving above resistance near $18.75…………………………………….Full Article: Source

Trump win in US election could push gold price to $1,400/oz

Posted on 09 November 2016 by VRS  |  Email |Print

A Donald Trump win in the US presidential election – the result is due in a few hours – would be decidedly bullish for gold and could push gold prices to up to $1,400 per oz, analysts said. Hillary Clinton’s policies are also bullish for gold, some noted, but not nearly to the same extent of Trump’s, they said.
Polls to elect the 45th US President will close between 12am and 6am GMT. Factors such as economic data, comments for the US central bank, physical demand, purchases by central banks and economic and political developments outside the US “may mean little for gold until well after the US elections”, HSBC analyst James Steel said…………………………………….Full Article: Source

Trump dump or bump for gold and oil?

Posted on 08 November 2016 by VRS  |  Email |Print

UK’s Brexit vote offers clues as to how to commodities could fare if Trump is elected. Will it be a “Trump bump” or “Trump dump” for commodities if the Republican nominee wins the US presidential election?
In the event of a surprise win for Donald Trump this week trader’s say June’s Brexit vote will offer clues as to how commodity markets will move. As a haven asset, gold is already seeing a slight Trump bump. Although the precious metal fell sharply at the start of October, as the polls have narrowed it has been creeping up. Since the start of the month, gold has climbed more than 2 per cent, regaining the $1,300-a-troy ounce level it first rose above this year after the Brexit vote………………………………………Full Article: Source

Gold Investors Shift Gears As Election Volatility Spikes

Posted on 08 November 2016 by VRS  |  Email |Print

The U.S. presidential election is chasing some commodities investors out of gold futures because of high volatility and rising costs. Gold has been at the center of election-related trading, along with the dollar, the peso and other currencies tied to how investors expect a new president to impact global markets.
In the past 10 days, gold has had a series of swings coinciding with revelations about an FBI investigation of Hillary Clinton. Gold has fallen 1.7% Monday, on track for its biggest loss in a month, after the agency announced it found no new evidence to warrant charges………………………………………Full Article: Source

Don’t Count Out Gold Just Yet; Contested Clinton Victory Could Drive Gold To $1,350

Posted on 08 November 2016 by VRS  |  Email |Print

It’s too soon to discount gold even as prices fall nearly 2% Monday on abating election jitters, according to some analysts. Sunday, the FBI came out and said that after reviewing newly discovered emails, it continues to recommend not pursuing charges against Democratic presidential candidate Hillary Clinton.
The news provided some relief for the Clinton campaign, which saw its lead against Republican candidate Donald Trump fall sharply when the FBI first announced the discovery of the emails. Since the FBI’s latest disclosure, there has been a pickup in “risk-on” sentiment that has pushed U.S. equity markets up almost 2% across the board and drove gold prices down, below the key psychological level of $1,300 an ounce………………………………………Full Article: Source

Hedge funds hiding out in ‘gold’ as US poll fears grip market

Posted on 08 November 2016 by VRS  |  Email |Print

To understand how fearful investors are of all the wild cards in Tuesday’s US presidential election, just take a look at the gold market. Hedge funds are piling into the perceived safety of bullion, increasing their wagers that the metal will rally for a second straight week, US government data showed on Friday.
That marked the first consecutive gain since July as money managers pushed their holdings to a one-month high. Anxiety has gripped the financial markets with opinion polls signalling a tightening race between Democrat Hillary Clinton and Republican Donald Trump, who showed signs of strength with early votes cast in Iowa and Ohio………………………………………Full Article: Source

Trump Angst Sets Gold Price on Windy Road Toward $1,400 an Ounce

Posted on 04 November 2016 by VRS  |  Email |Print

Donald Trump has lit a fire under the gold market. Bullion is being whipsawed as a tightening U.S. presidential race spurs haven demand. Prices rose as much as 0.8 percent Thursday, near a four-week high, before giving up the gains and more.
“If Donald Trump is elected next week, we think gold can go anywhere shy of $1,400,” Wayne Gordon, executive director for commodities and foreign exchange at UBS Group AG’s wealth-management unit, said in a Bloomberg Television interview………………………………………Full Article: Source

Gold price: If you’re selling central bankers are buying

Posted on 04 November 2016 by VRS  |  Email |Print

Year to date gold is up more than 20% in price, thanks mainly to investors in physically-backed gold ETFs and safe haven buying, underpinned by continuing purchases by central banks.
Year-to-date, the official sector has added 52 tonnes of gold up to end-September this year compared to over 150 tonnes during the same period last year according to the latest data from the World Gold Council (after stripping China’s once off announcement of 604 tonnes of purchases which was likely spread out over several years). Russia remains a big buyer but Venezuela’s gold sales have negatively impacted overall net purchases………………………………………Full Article: Source

Russia is loading up on gold

Posted on 04 November 2016 by VRS  |  Email |Print

Central banks around the world added a net 13 tonnes of gold to their stockpiles in September, according to data released by the World Gold Council on Wednesday.
The Central Bank of Russia was the biggest buyer, purchasing 16.55 tonnes. September’s addition marked a 20th straight month of buying for the CBR, which hasn’t seen reserves fall since January 2015 when its holdings dropped by 0.48 tonnes………………………………………Full Article: Source

Central Banks Gold Buying Picks Up In September To 13 Tonnes

Posted on 04 November 2016 by VRS  |  Email |Print

Although central bank gold purchase has been uninspiring this year, one research firm remains optimistic that this segment of the market will continue to grow. According to Capital Economics, quoting data from the World Gold Council, central banks, were net gold buyers last month, purchases totaling 13 tonnes.
Once again, a prevalent theme for the las three years, the Russian central bank was the biggest gold buyer, purchasing 16 tonnes last month. The People’s Bank of China bought almost 5 tonnes of gold last month and Kazakhstan bought slightly more than 4 tonnes………………………………………Full Article: Source

Zinc and gold poised to break free of commodity slump

Posted on 04 November 2016 by VRS  |  Email |Print

Seasoned investors know that commodity cycles are long and slow affairs that build up to a really great party that ends with a long, lingering hangover. Right now, for most commodities, we are in the hangover phase.
Plenty of culprits can be blamed for the pain. We face a mine overcapacity, as operations that were financed in the boom times are now up and running. An aging population in most of the developed world is responsible for slowing consumption. Developing economies have slowed, headlined by China, which has been increasingly counted on as a global engine………………………………………Full Article: Source

US investors go for gold ahead of election

Posted on 03 November 2016 by VRS  |  Email |Print

Gold sentiment among Western investors leapt to a new three-and-a-half year high in October. Led by surging interest from the US ahead of next week’s bitter election for the White House, the Bullion Vault Gold Investor index – which measures the balance of private investors starting or growing their gold holdings over those reducing them – jumped to 56.8 last month from September’s 55.0 reading.
This beat the post-Brexit peak of 56.0 in August. The index would read 50.0 if the number of net buyers exactly matched the number of net sellers across the month…………………………………….Full Article: Source

HSBC: Add $200 to gold price if Trump triumphs

Posted on 03 November 2016 by VRS  |  Email |Print

A Clinton win would be supportive of the gold price, but a Trump triumph could spark as much as a $200 an ounce jump in the price HSBC Chief Precious Metals Analyst James Steel is quoted by Bloomberg as saying adding that the metal could “enjoy at least a 8 percent jump whoever wins the race”:
Both candidates have espoused trade policies that could stimulate demand, with gold offering a potential “protection against protectionism,” he says. Even the relatively more internationalist Democratic candidate has argued for the renegotiation of longstanding free-trade agreements…………………………………….Full Article: Source

Gold price heads for $1,300 as Trump poll lead sparks ‘panic’

Posted on 03 November 2016 by VRS  |  Email |Print

The gold price is threatening to break back through the $1,300 an ounce mark for the first time in a month, after a shock poll put Donald Trump in the lead in the race for the White House.
FXTM Chief Market Strategist Hussein Sayed told The Independent global markets are in the “early stage of panic”, following the news that the Republican has taken a one-point lead in a poll for ABC News and the Washington Post. That lead is well inside the margin of error, but it still prompted a sell-off that sent shares in Asia to a seven-week low and left all major international equity benchmarks in the red…………………………………….Full Article: Source

What 2016 Proves About How Gold Prices Work

Posted on 03 November 2016 by VRS  |  Email |Print

“Gold prices rise on India’s Diwali demand,” said a UK newspaper story on Saturday morning. “Gold extends gains, buoyed by Indian festival,” agreed a report from the news-wires. It’s a nice story, simple and logical, but badly wrong.
The Hindu festival of Diwali brings the single biggest shopping day for physical gold anywhere in the world. International gold prices popped higher last week, adding 0.7% against even the rising US dollar, as the 5-day festivities culminated with the ‘festival of lights’ on Sunday…………………………………….Full Article: Source

Buy Gold No Matter Who Wins the Election, HSBC Says

Posted on 02 November 2016 by VRS  |  Email |Print

There’s one certain winner of next week’s presidential election, according to HSBC Holdings Plc: investors in gold. Although they deem a Donald Trump victory more supportive for the price of the metal than a win by Hillary Clinton, the bank’s Chief Precious Metals Analyst James Steel says it’ll enjoy at least a 8 percent jump whoever wins the race.
Both candidates have espoused trade policies that could stimulate demand, with gold offering a potential “protection against protectionism,” he says……………………………………Full Article: Source

Election 2016: Trump Better for Gold, But For All The Wrong Reasons

Posted on 02 November 2016 by VRS  |  Email |Print

Gold futures are now trading at almost $1,291 an ounce. And HSBC analyst James Steel says the price for the precious metal will rise through 207 no matter who ends up living in the White House.
But he says gold will rise higher if Republican presidential candidate Donald Trump beats Democrat Hillary Clinton. Steel argues that Trump’s policies are more “gold-bullish” than Clinton’s. But it’s, at best, a backhanded compliment……………………………………Full Article: Source

Gold rebounds after October loss to finish at 1-month high

Posted on 02 November 2016 by VRS  |  Email |Print

Gold futures on Tuesday snapped back from a tough October, sending prices to their highest finish in about a month, while the dollar dipped as uncertainty surrounding the outcome of the U.S. presidential election buoyed investment demand for the yellow metal.
Gold traders also awaited the U.S. Federal Reserve’s monetary policy announcement due Wednesday at the conclusion of the central bank’s two-day meeting. The meeting isn’t expected to produce an interest-rate hike, but could shed light on the chances for such a move by the end of the year, a potentially gold-negative development……………………………………Full Article: Source

Mobius says gold will gain in 2017 as Fed goes slow on rate increases

Posted on 01 November 2016 by VRS  |  Email |Print

Gold is set to advance by as much as 15 percent before the end of next year as the US Federal Reserve goes slow on increasing interest rates and the dollar remains subdued, buoying bullion demand, according to Templeton Emerging Markets Group.
“The Fed is going to increase the rates by a little bit, but not excessively, and there is no guarantee that a rise in interest rates will put people off,” executive chairman Mark Mobius said in an interview at a Bloomberg event in Mumbai. “A lot will depend on the real rates.”……………………………………Full Article: Source

Gold for marriage, platinum for love

Posted on 01 November 2016 by VRS  |  Email |Print

Anglo boosts platinum margins after relaunching customer ties. Anglo American has boosted its platinum margins by as much as 5% after relaunching its customer relationships and ending an exclusive marketing contract with Johnson Matthey, CEO Mark Cutifani said on Monday.
Big miners are looking for ways to add shareholder value and extend a recovery that has made them the top gainers on London’s blue chip FTSE share index this year. Anglo American’s shares have rebounded more than 270% since January…………………………………….Full Article: Source

China links gold market with Dubai

Posted on 01 November 2016 by VRS  |  Email |Print

Shanghai Gold Exchange and Dubai Gold and Commodities Exchange signed an agreement on Friday in Shanghai which makes the DGCX the first foreign exchange to use the SGE’s renminbi-denominated gold benchmark. The SGE is in talks with other exchanges about similar cooperation, according to an SGE circular.
SGE is the world’s largest physical bullion exchange. The renminbi-denominated gold benchmark, also known as Shanghai Gold was launched in April this year. It is one of China’s efforts to earn more say over pricing of the precious metal and increase its influence in the global gold market…………………………………….Full Article: Source

The new gold rush

Posted on 31 October 2016 by VRS  |  Email |Print

Why new? Because this time around, it’s not buyers of jewellery but gold investors who are calling the shots. One question that gold investors are asking now is, will 2017 be as spectacular for the yellow metal as 2016? The short answer to this is no.
The short-term outlook for gold is grim, with the Federal Reserve likely to effect the second rate hike in December, with falling consumption demand for gold in Asian markets and the strength in dollar due to weakness in the British pound. Also, recent presidential poll statistics in the US are not in favour of a Donald Trump win; a negative for gold bulls. Policy uncertainty and slowing growth following a Trump win could stoke the yellow metal’s price……………………………………..Full Article: Source

Why So Many Gold And Silver Price Forecasts Are Wrong

Posted on 31 October 2016 by VRS  |  Email |Print

Precious metals investors are being misled by most analysts’ price forecasts because they do not understand the critical underlying fundamental value mechanism. Furthermore, there seems to be a great deal of animosity from the short-term trading analysts who view many in the precious metals community as pandering hype and conspiracies.
There’s no coincidence that the value of oil and gold jumped 500+% from 2000-2012. While the silver price jumped seven times from $4.95 in 2000, to $35 in 2012, its current price is 3.5 times higher than 2000 and gold is 4.5 times higher……………………………………..Full Article: Source

Russia’s Gold Holdings Have Tripled Since 2006

Posted on 31 October 2016 by VRS  |  Email |Print

With all eyes on Russia’s unveiling their latest nuclear intercontinental ballistic missile (ICBM), which NATO has dubbed the “SATAN” missile, as tensions with the U.S. increase, Moscow’s most potent “weapon” may be something drastically different.
The rapidly evolving geopolitical “weapon” brandished by Russia is an ever increasing stockpile of gold, as well as Russia’s native currency, the ruble. Take a look at the symbol below, as it could soon come to change the entire hierarchy of the international order – potentially ushering in a complete international paradigm shift – and much sooner than you might think……………………………………..Full Article: Source

Physical gold market in largest surplus in a decade

Posted on 28 October 2016 by VRS  |  Email |Print

Gold continued to tread water on Thursday, trading at $1,270 an ounce in early morning trade in New York. The gold price has been on the defensive since the start of October when it crashed through the $1,300 an ounce level and is now down more than 8% from two-year highs reached in July.
A new report by the GFMS team at Thomson Reuters makes it clear what has been behind recent weakness with third quarter data showing the global gold market jumping to a surplus of 250 tonnes, the largest quarterly surplus since the final quarter of 2005……………………………………Full Article: Source

Gold demand slumps in third quarter; U.S. election looms: GFMS

Posted on 28 October 2016 by VRS  |  Email |Print

Physical gold demand slumped by nearly a third in the three months to September, GFMS analysts at Thomson Reuters said on Thursday, as a rally in prices curbed jewelry buying in the key Chinese and Indian markets.
The net surplus in the gold market was at its highest since 2005, it said, as demand for gold-backed exchange-traded funds also weakened. Prices are expected to stabilize into the year-end, GFMS said, bottoming out at $1,240 an ounce. Next year it forecasts gold prices will average $1,420……………………………………Full Article: Source

This Is Gold’s Turnaround Year - Aden Sisters (Video)

Posted on 28 October 2016 by VRS  |  Email |Print

Gold prices are up more than 19% so far this year, but there may be more to come, this according to two veteran investors Mary-Anne & Pamela Aden — known in the industry as the Aden Sisters.
Speaking with Kitco News, the Adens said they think 2017 will be the “turnaround year” for the gold sector. “We think this is a great buying time,” they told Daniela Cambone on the sidelines of the New Orleans Investment Conference……………………………………Full Article: Source

Dhanteras: Declining gold imports is making yellow metal an attractive investment

Posted on 28 October 2016 by VRS  |  Email |Print

Gold enthusiasts go to the extent of advising that one should make investment in gold on the eve of Dhanteras every year a la Systematic Investment Plan (SIP) of mutual funds. SIP over a long period of time evens out the gyrations in the stock market given the reality of averaging and booms and bottoms so that the investor doesn’t have to do the near impossible task of timing the market.
In this light the parallel drawn between SIP in stocks and annual Dhanteras eve investments in gold does sound pragmatic—you keep up with your religious beliefs while at the same time investing for the rainy day. Indeed gold can be one’s rain check given its scarcity value……………………………………Full Article: Source

Trump victory could push gold to $1 500/oz, physical demand ‘pitiful’

Posted on 28 October 2016 by VRS  |  Email |Print

Physical demand for gold remained at “pitiful levels” for the third successive quarter, down 30% year-on-year in the three months to September 30, hindered by sharply higher prices in the aftermath of the British referendum to leave the UK (Brexit), reports markets analyst Thomson Reuters GFMS.
Nevertheless, the firm’s latest gold survey shows that multiyear price highs have helped to send scrap flows up by a fifth, thereby taking total supply to a level that matches the highest quarterly amount, last recorded in the fourth quarter of 2012……………………………………Full Article: Source

Silver ETFs May Outshine Gold Again In 2017

Posted on 28 October 2016 by VRS  |  Email |Print

Silver slid out of gold’s shadow in 2016 on the way to impressive gains. Some ETF investors want to know if this is still a good time to invest in precious metals or if the moment has slipped quite away.
Both gold and silver are likely to rally again after coming well off their peaks, with the white metal holding more potential upside in 2017, according to ETF Securities. The $22 billion firm offers a suite of five exchange traded funds investing in gold, silver and diversified precious metals……………………………………Full Article: Source

Gold Falls As Concerns About Rising Interest Rates Weigh on Demand

Posted on 27 October 2016 by VRS  |  Email |Print

Expectations of tightening monetary policy tend to be bearish for gold. The metal doesn’t pay interest and struggles to compete with other investments when rates rise.
The precious metal was also hurt by a strengthening U.S. currency, which makes dollar-denominated gold more expensive for foreign investors. The WSJ Dollar Index, which weighs the dollar against a basket of other currencies, was recently up 0.1%………………………………….Full Article: Source

Gold firm on strong festive demand in India

Posted on 27 October 2016 by VRS  |  Email |Print

Gold prices stayed firm on Wednesday as stronger physical demand for the precious metal, ahead of India’s late-October festival season, offset a steady U.S. dollar. Demand for bullion is expected to pick up ahead of festivals such as Dhanteras and Diwali, which is also a time when gold is traditionally given as a gift.
“A recovery in physical demand provided the foundation for the rally that carried over into later trading,” HSBC analyst James Steel said in a note. “Gold investors brushed aside the negative impact on bullion of a firmer USD.”…………………………………Full Article: Source

Gold Price Action

Posted on 27 October 2016 by VRS  |  Email |Print

According to analysts from Templeton Emerging Markets Group, by year-end the gold price action will rise by 15 percent. Federal Reserve will raise rates very slowly and the upward pressure on the US dollar will extinguish quickly.
The Fed will raise the rate slightly and will not rush to further action. In addition, there is no guarantee that a slight tightening of monetary policy will change the mood in the market. Much will depend on the real rates………………………………….Full Article: Source

Where next for gold?

Posted on 27 October 2016 by VRS  |  Email |Print

Will the move in US interest rates trigger a reversal for gold – not so says Simona Gambarini. The price of gold has increased sharply this year, but speculation about US interest rates has prompted suggestions that this upward trajectory will move into reverse. Not so, says Simona Gambarini, commodities analyst at leading economics research consultancy Capital Economics.
The gold price has risen close to 20% this year in US dollar terms, despite subdued buying from consumers in China and India, as well as emerging market central banks. In part, this reflects changing perspectives on US interest rates earlier this year………………………………….Full Article: Source

Silver Has More Potential Than Gold In 2017

Posted on 27 October 2016 by VRS  |  Email |Print

While expecting gold prices to rally to $1,400 an ounce in 2017 on continued investor demand, ETF Securities looks for silver to outperform as industrial demand drives prices. In a recently published report, analysts at ETF Securities said that they see silver prices trading in a range of between $22 and $24 an ounce in 2017.
With silver prices last trading Wednesday at $17.70 an ounce, that would mean at least a 24% gain for the precious metal. ETF Securities’ gold-price target of between $1,400 an ounce and $1,450 would represent a gain of 10% from the precious metal’s current price of $1,272.60 an ounce………………………………….Full Article: Source

India and China’s love affair with gold turns financial

Posted on 26 October 2016 by VRS  |  Email |Print

Questions remain as to how quickly demand for gold as an investment in Asia will grow. Gold may have rallied 20 per cent in US dollar terms, putting it on course for its first annual rise in four years. For the Indian market, though, that has contributed to a fall in demand for the physical metal.
Gold’s status in India, from its role in weddings to use in rural savings, has helped make the country the biggest buyer of bullion globally, so any slowdown in appetite is a worry for the industry…………………………………..Full Article: Source

Diwali Special: Should you look beyond gold this festive season?

Posted on 26 October 2016 by VRS  |  Email |Print

Indians love gold. And auspicious occasions like Dhanteras and Diwali are perfect excuse for many individuals to shop for more gold. Gold has been all-in-one investment option for many generations of Indians. And to be fair, the investment has served them well.
However, with the emergence of alternative to physical gold, investment experts have been asking individuals to move away from physical gold to electronic gold for some time now. This Diwali is not different. The advice continues to be: buy a token amount of physical gold for auspicious reasons, but look for options for your investment needs…………………………………..Full Article: Source

Fundamentals Will Push Gold, Silver To Spectacular Levels

Posted on 26 October 2016 by VRS  |  Email |Print

In the absence of intervention, gold and silver would be trading at a level that is a few multiples higher from where they “trade” now. At some point, some entity will want to take possession of a big “chunk” of gold or silver and will stand for delivery of the physical with the intent to remove that gold or silver from Comex vaults.
For now, the big accumulators of physical gold (China, Russia, India) are content with the current rigged market price of gold as long as the west can continue to make deliveries into these countries. But at some point the west’s “cupboard” will be bare and big buyers will see what the Comex really has in its vaults. It’s at that point when the precious metals market will become interesting…………………………………..Full Article: Source

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