The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label september. Show all posts
Showing posts with label september. Show all posts

Tuesday, September 6, 2016

Despite declines in gold price in August, demand for the metal hit a four year high

Now that the summer market doldrums are over following the turning of the calendar on Labor Day, gold is acting as it normally does heading into its biggest price months of the year.

In fact, so far on the first trading day in September, gold is up over $14 and should go much higher very soon since economic data from manufacturing just about assured there will be no Fed rate hike when the FOMC meets later this month.

Live New York Gold Chart [Kitco Inc.]

Yet despite the fact that gold lost some of its gains during August, an interesting statistic emerged on Sept. 6 which puts alot into perspective for the rest of the year.  And that is that demand for gold by individuals hit a four year high last month, meaning that new support is now in the market to take gold much, much higher.
Private investor appetite for gold hit a four-year high last month, swelling net purchases on the BullionVault trading platform by almost half a tonne. 
The financial jitters triggered by the Brexit vote and record low interest rates have spurred demand for the safe-haven commodity over recent months, driving total holdings at BullionVault to 35.7 tonnes. 
Although the number of private buyers slipped 6pc in August, those willing to reduce the holdings they have built up over summer dropped 49pc to boost the net demand. 
As a result BullionVault's Gold Investor Index up to a new 3-year high of 56.0, reaching its highest level since April 2013 from July's 53.4 reading.
Adrian Ash, head of research at BullionVault, said: “Private investors continue to grow their gold holdings against a trend of both rising prices and rising financial risks. 
“Last time net gold investing demand was this strong, prices were retreating hard from the late 2012 rally. August 2016 in contrast marked the fourth time running that average monthly gold prices rose against the dollar, a pattern not seen since the metal peaked with the global financial crisis in summer 2011." - Telegraph

Monday, August 29, 2016

Markets about to enter the best month of the year for gold

Minus this year's huge climb for gold during the first six months of 2016, precious metals almost always run in cycles dependent upon which part of the year it is.  June and July have historically been bad months for gold and silver, primarily because investors 'leave in May and go away' until around Labor Day when market volume once again picks up.

This trend has once again fallen in line as gold has found heavy resistance over the past three months, and has been unable to push through the $1360 level which is the springboard to the next move higher.  But historically that is about to change as we are about to enter into the best month of the year for gold.

Gold bullion has had its biggest gains in September over the past 20 years. Seasonally gold is entering the sweet spot with the Autumn being gold’s best season and with September being gold’s best month in the last 20 years. 
Given the backdrop of one of the most uncertain macroeconomic, systemic, geopolitical and monetary outlooks both the U.S. and the world have ever seen, we are likely to see gold do well in its traditionally seasonal strong period. Possibly, the most vitriolic, hateful and divisive election in U.S. history is set to be witnessed and this will likely lead to considerable volatility in markets and should see the dollar come under pressure. The election date is Tuesday, November 8, 2016. 
The spring and summer months frequently see seasonal weakness, since gold became a traded market in 1971. Gold bullion often sees periods of weakness in the summer doldrum months of May, June and July. 
August tends to be a better month for gold but not this year with gold down nearly 2% in dollar terms, 3% in euro terms and 1.8% in sterling terms. 
Gold’s traditional period of strength is from August through to January and February with weakness and a correction frequently seen in October. Thus, August is generally a good time to buy after the seasonal spring and summer dip. - Goldcore

Sunday, April 26, 2015

Is the IMF trying to beat China in the creation of a new reserve currency?

Earlier this year, China announced that they will have their new SWIFT system fully functional by either September or October and can then fully float the Yuan currency worldwide.  Many are believing that once SWIFT is up for the world’s largest economy then it will be the end of the dollar as the global reserve currency.
However, a new report out from Stansberry Research is alleging that the IMF is not planning on sitting idly by while the East wrests control from them over the global monetary system, and could be finalizing plans of their own to replace the dollar before China does, and if so it would probably be in the form of the Special Drawing Rights (SDR) currency.
 
Read more on this article here...