Precious metals were hit hard this week. In dollar terms, silver was down 5% and gold dropped below a price of 1.200 dollar per troy ounce. Today, the prices of gold and silver continued to decline. What is causing this decline? Last week, the Fed’s Open Market Committee (OMC) announced to fully phase out QE3. Precious metals dropped in price, while the dollar strongly appreciated. Theref... »
What the World's Most Famous Central Banker Said about Gold
November 4 2014
Olav Dirkmaat
New Flashpoints
October 21 2014
Once upon a time there was a world where financial markets were paralysed by the central banks that pumped billions of dollars, pounds and euros into the financial system. A world where economies were struggling to pick up the slack - while the markets were climbing to record highs. And as the rich got richer, and the poor fell victim to the rising tensions with the almighty oil and gas producer, ... »
Nadine Smeding
Longest Profit Run in 7 Months Time
October 13 2014
Finally there's some good news to report. Yesterday the gold price rose 0.4% to $1,225.9 / oz. It's not often we've been able to say this recently, but it was the fourth day in a row that the gold price was in the green. More than that, these four days have equalled the longest run of gains in 7... »
Nadine Smeding
Why Draghi Lowered Interest Rates in a Surprise Move
September 5 2014
Draghi is a smart guy. If you read the headlines, it appears as if Draghi announced a bold move this week. Little has changed, however, after the slight policy changes already made in June this year. In fact, Draghi’s policy announcement was anything but bold. It was merely a humble extension of what the ECB already announced during the last interest rate decision last June.... »
Olav Dirkmaat
