Safe Keeping Receipts (SKR) is one of the steps involved in West Africa Gold Export. An SKR is another bank instrument that is used as an alternative financing tool. These instruments can be issued from banks, bullion vaults, storage houses, or alternative financing facilities. Those that issue the SKR do not own them, so the asset […]
Ghana Gold Export of 5kg of Doré Bars to Switzerland CIF vs FOB When it comes to international trade, CIF (Cost, Insurance, and Freight) and FOB (Free On Board) are two common terms used to define the responsibilities of buyers and sellers in the transaction. CIF means that the seller is responsible for the cost of […]
How many sovereign wealth funds are there and how much do they invest offshore As of 2021, there are estimated to be over 100 sovereign wealth funds (SWFs) worldwide, although the exact number can be difficult to determine due to the lack of transparency in some cases. The total amount invested by sovereign wealth funds […]
Open AI; Can Gold Bullion be deposited in a bank? Yes, gold bullion can be deposited in a bank. Many banks offer safe deposit boxes or vaults where customers can store their precious metals, including gold bullion. This service is often used by individuals or businesses that want to protect their valuable assets from theft, […]
Q: Do you expect silver prices to decline into June along with gold? A: Yes but not exactly or at the same time. The price pattern will vary along with the timing Q: What does Jim Rogers expect for Silver Prices? A: Jim Rogers claims to be one of the worst market timers. Q: Do […]
Q: Is there an update on the bottom for the gold market? A: Yes. On the bullion, it appears that the low was $1045 about 8 months ago. The shares made their lows mostly a month later. Some shares such as ABX, bottomed a half year earlier. It has been a fragmented market pattern. Q: […]
The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical gold is actually exchanged between COMEX trading participants, and gold inventories maintained in COMEX vaults in New York are […]
Gold bullion and gold shares have had a nice rally over the last four months. The entire precious metals market has the general shares market as well. A break in the general shares market is one of the four criteria for calling the low in the bear market. At this point, the general shares market […]
Q: Do you use fractal geometry? Could you update us on the wave pattern recognition you’re looking for to verify the end of the bear market in gold? Do you look at volume, momentum indicators, gaps, moving averages, etc.? A: I look at all of that, but none of it is controlling. Wave pattern recognition […]
Q: Why do price and wave pattern often diverge between gold bullion and gold shares? A: Different market participants trade in the gold bullion verses the shares. They respond differently to market conditions based on different needs, perceptions, and subjective judgements. In gold mining shares, there is no central bank intervention. In the bullion market, […]
It has never been the case that all gold mining shares make their lows at the same time. Some do so earlier and some later. It may be that ABX, the world’s largest gold miner, has already made its low. Time will tell. I am expecting one more low and a divergence between the bullion […]
Q: Does the recent terrorist attack in Paris and the public reaction have any bearing on your calling the low in the gold market? A: The event does not but the reaction confirms my view that we have not yet seen the low. We have had new lows in both the bullion and the gold […]