• Tag : Fed

  1. OCM Market Update – November 2019

    Dutch Central Bank Reaffirms Gold’s Preeminent Monetary Characteristics De Nederlandche Bank (DNB) recently updated its website regarding its gold holdings with the following statement that is worth noting. The phrases, “In times of financial crisis” or “If the system collapses,” were of particular interest considering the present uncertain state of global monetary policy. The information…

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  2. RACE TO DEBASE – CHINA JOINS THE FRAY

    On the heels of a 9% decline in exports, two months of capital outflows, a stock market crash and the renminbi not being included in the SDR currency basket, the Peoples Bank of China moved to lower the renminbi peg to the US dollar with a 3.4% devaluation over two days. For one billion Chinese…

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  3. GOLD SEASONALITY

    According to work compiled by Dimtri Speck, June historically has been the seasonal low for gold prices in USD.  Why? The general explanation being nothing more than the summer vacation season causes less liquidity and seasonal holiday inventory re-stocking doesn’t begin until September. Gold Market Held Captive by FED The gold market has been held…

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  4. RISING RATES AND GOLD – THE MYTH

    The timing of when the Fed is going to begin raising the Fed Funds Rate has been the Market focus for some time now. Last week Cleveland Federal Reserve President, Loretta Mester, stated she wanted June to be a “viable option” for an interest rate hike followed by St. Louis Fed President, James Bullard, commenting…

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