The major royalty firms (Franco, Silver Wheaton Corp., Royal Gold Inc. and Sandstorm) have become an increasingly crucial source of capital….
Lack of investor interest leaves miners in the lurch, with hundreds of juniors struggling to survive…
The credit cycle that normally drives advanced economies through boom and bust is turning out to be different this time round
Gold’s annualised performance worst since 1982 bear market!….
March 16, 2014Inflationbanks, business lending, carry trade, inflation
From last Friday’s close at $1322, gold opened strongly on Monday trading, as high as $1355 before losing two thirds of the rise on Tuesday.
ASIAN and London dealing was quiet in gold Wednesday morning, with prices holding $10 per below yesterday’s sudden rise to 3-week highs above $1267.
In our most recent article on gold, USD and Euro Indices we wrote that the outlook for the yellow metal was bearish just as the outlook for the Euro Index and just as it was bullish for the USD Index.
Starting at $1,286 on Monday gold continued with the momentum of last Friday’s fall, bottoming out on Tuesday at $1,261 in US trading.
The PRICE OF GOLD rose Friday lunchtime in London, regaining last week’s closing level of $1288 per ounce as European stock markets turned higher and the US Dollar slipped.