In this article, we want to focus on gold’s sesonality, and what it could mean in the context of gold’s secular trend. On a very long term horizon, between 1982 and 2012, gold typically started rising early July, corrected slightly in October, and closed...
In May, there was quite an outflow from gold-related funds like GLD, GDX and GDXJ. More than $1.5 billion left those funds, which is one of the largest in the past five years. The chart below shows the combined flow from those three gold-related funds, compared to the...
The month of May has been quite a memorable — and exceptionally choppy — ride in the markets. Having ping-ponged its way out of what appeared to be a short-term correction, the benchmark S&P 500 launched a rally to secure yet another record-breaking...
What is about to happen with the U.S. dollar: will it continue its monstrous rally which it started last summer (with +25% gains in a matter of half a year) or is this a dead cat bounce? As we know meantime, the dollar rally has created a strong deflationary pressure,...
According to the latest market numbers, China continues its relentless trend to hoard gold. As seen on the chart below, this trend is going on since the start of the financial crisis. The chart shows the withdrawals from the Shanghai gold exchange, which is considered...