Gold holds steady while all around it fails Last week, with the Federal Open Market Committee front-loading rate hikes and the European Central Bank holding an emergency meeting only one week after its scheduled June meeting, equity markets plummeted with the S&P 500 losing almost 9%, although the European markets, while still in the red, […]
Coininvest round-up Monday 15th May 2022
The process of attrition in the gold and silver markets is continuing and the positioning in the COMEX contracts is theoretically rendering silver vulnerable to a short-covering move. Silver has been sliding lower along with gold. As we write gold is trading at just below $1,800, down 14% from its early-March high and at the […]
That didn’t last long…
After showing signs of fresh strength two weeks ago, gold crumbled last week in response to a more hawkish outcome of the Federal Open Market Committee than the markets had been expecting, although it is certainly arguable that the bond markets overreacted by starting to price in the prospect of five interest rate hikes in […]
Weekly markets round-up
Since our last market round-up in early November gold has been on something of a rollercoaster, rising from $1,816 to as much as $1,874, sliding lower to $1,780 by the 23rd of the month and then putting in a volatile performance last Thursday and Friday, along with much of the rest of the financial sector, […]
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. All the precious metals came under renewed pressure last week as the bond markets continued their roller-coaster ride and investors continued to look to […]