Last week we were looking back at the heavy fall, subsequently unwound, in gold the previous Monday in the so-called “flash crash” which took over $100 or just over 1% off the price. The CFTC numbers for Commitment of Traders, released on the Friday of that week, relate to a trading week ending on Tuesday […]
Gold more resilient than the headlines suggested last week
Last Monday saw gold captured the headlines with a sharp fall in price at the start of Asian hours’ trading. The price had already been on the retreat the previous Friday after strong U.S. employment data lifted the dollar and reignited expectations of early tapering from the Fed – although that has now been reversed […]
Gold’s technical picture is improving; silver is more sluggish.
When we last wrote this column a fortnight ago gold and the bond markets had both heavily overreacted to the Statement following the Federal Reserve’s Open Market Committee (FOMC) meeting, with gold prices falling heavily and the bond yield curves initially steepening. It didn’t take very long for the bonds to settle down and the […]
Weekly markets round-up for Coininvest
Welcome to a very brief overview of the recent performance in the markets. The essentials are captured in the table below and each week we will show a chart of interest. Cinderella has left the Ball We warned last week that “Silver is notoriously volatile and has a history of sharp spikes upward and equally […]
Weekly markets round-up for Coininvest
Welcome to a very brief overview of the recent performance in the markets. The essentials are captured in the table below and each week we will show a chart of interest. The massive implosion in the West Texas Intermediate (WTI) oil price last Monday came as traders and speculators were scrambling to get out of […]