As we write, the gold price is at  $1,364 having bounced off support at $1,324.   It is now consolidating, so we have to ask is it about to return to an upward movement longer-term?   If it is just consolidating before another strong drop we need to know because it could mean that the long-term upward trend will be broken.   For ...

In the last days we have seen the gold price hit $1,324 and yesterday spring to $1,355, leaving it in a neutral zone technically speaking.   More than 10% of the gold ETF, SPDR in the States has been sold as well as around 10% of the ishares Silver Trust.   Investors need to know, “is this the time they should be ...

Alongside the falling gold price we have watched shareholders in the U.S. gold ETF, SPDR selling nearly 100 tonnes of gold over the last few weeks.   The selling of gold has come from the U.S. and mainly seen at the Fixes in London at 10.30 a.m. London time or 3.00 p.m.    When shareholders sell their shares the custodian HSBC is ...

China currently produces 340 tonnes of gold annually.   This may increase by up to 100 tonnes a year or more.   It imported 210 tonnes in 2010.   The demand for gold is increasing in China and this is likely to continue in line with the growth of the Chinese Middle classes.    We do not know for sure how much the People’s ...

China is in the midst of a ‘State visit’ to the U.S. but this time China will get a state banquet.   This implies a changed attitude to China by the U.S.   It is clear to all today that there is unlikely to be a real confrontation between the two nations anymore.   If there were to be a war between the ...

While China is taking a greater portion of our financial attention on a daily basis, it seems to us that the sheer size of China and its continued growth has not been factored into the world economic perspective, even now.   One of the consequences of profit driven capitalism in the past was the relocation of manufacturing from high-cost, developed countries ...