A new wave of Asian demand could be beginning to drive gold and silver. Traders will be watching for signs of overnight demand returning ahead of London’s morning fix.
Alasdair. New subscriber here but I've been watching you on YouTube for two years now. Try not to ever miss a show with you on it.
One of the comments I saw was interesting but then he was clear in saying he doesn't really invest in gold -- "Asian demand returned on Thursday" And Asia demand disappeared on Friday ?
You've covered it in the only way you know how which was beautiful.
"While all good Chinamen are tucked up in bed at night, the rats and roaches come out to play....
What the Chinese / Asian's are doing per the Bullion Banks / Trader's / Swaps ...et al , seems pretty much akin to playing a Salmon on the River Dee or dangling the proverbial carrot in front of the poor old donkey that's pulling the cart - Or am I somewhat ( or completely ) adrift here ..??
And Asia demand disappeared on Friday ? I guess we wait to see what happens next week. For myself, I dont really invest in Gold. I hold god as insurance so to a degree I dont care what happens in the market.
Gold flows from West to East. Whats to stop it continuing to flow as long as BRICS is all talk and as long as the China/India contradiction remains unresolved ?
US Treasury continues to be able to sell all the debt it needs to. It may have continue to offer yields, but that just means sell more debt. Buyers are becoming more concentrated in G7 Countries, which cannot be a good thing. So Gold flows east and US Debt concentrates in the West. That can't be a good thing (of course it all depends on what we mean by good).
As the government gains effective control over more and more of the "markets". The question remains, why would the Hegemon EVER be willing to acknowledge Gold as money. In fact, it CANNOT - it would be an existential problem/event. So, almost by definition, the resolution will be unpredictable, surprising and violent.
It seems to me that the key to all this is Russia.
Russia will have to win it's war in Ukraine. It won't be enough for it to appear to be winning. To win, in 2024 Russia will have to escalate against the west and against the underpinnings of Ukrainian civil order. It seems very unwilling to do so.
On the other hand, we have yet to see if Russia has any big plans for this summer. We should know soon. Russia has succeeded in drawing the last of Ukraines mobile reserves into the battle for Kharkov. We should know in the next 2-3 weeks if that was a plan or just a result
Thanks Alasdair - I have to say watching these slapdowns at 8:30 EST on Friday mornings is becoming tiresome, currently looks like they're trying to manipulate the Friday 3pm fix and they've managed to get silver back below $30. Is this blatant manipulation or something else?
Volume is trading turnover and has nothing to do with vaulted metal. You are right on Open Interest. bear in mind that every contract has a buyer and seller
Alasdair. New subscriber here but I've been watching you on YouTube for two years now. Try not to ever miss a show with you on it.
One of the comments I saw was interesting but then he was clear in saying he doesn't really invest in gold -- "Asian demand returned on Thursday" And Asia demand disappeared on Friday ?
You've covered it in the only way you know how which was beautiful.
"While all good Chinamen are tucked up in bed at night, the rats and roaches come out to play....
Thank you
I must agree, that chart with oil price in USD and gold is fascinating. I might have to adopt that as my favourite chart as well.
Thanks for the frequent market updates, Alasdair. This is most helpful in understanding the turns. Cheers.
What the Chinese / Asian's are doing per the Bullion Banks / Trader's / Swaps ...et al , seems pretty much akin to playing a Salmon on the River Dee or dangling the proverbial carrot in front of the poor old donkey that's pulling the cart - Or am I somewhat ( or completely ) adrift here ..??
"Asian demand returned on Thursday"
And Asia demand disappeared on Friday ? I guess we wait to see what happens next week. For myself, I dont really invest in Gold. I hold god as insurance so to a degree I dont care what happens in the market.
Gold flows from West to East. Whats to stop it continuing to flow as long as BRICS is all talk and as long as the China/India contradiction remains unresolved ?
US Treasury continues to be able to sell all the debt it needs to. It may have continue to offer yields, but that just means sell more debt. Buyers are becoming more concentrated in G7 Countries, which cannot be a good thing. So Gold flows east and US Debt concentrates in the West. That can't be a good thing (of course it all depends on what we mean by good).
As the government gains effective control over more and more of the "markets". The question remains, why would the Hegemon EVER be willing to acknowledge Gold as money. In fact, it CANNOT - it would be an existential problem/event. So, almost by definition, the resolution will be unpredictable, surprising and violent.
It seems to me that the key to all this is Russia.
Russia will have to win it's war in Ukraine. It won't be enough for it to appear to be winning. To win, in 2024 Russia will have to escalate against the west and against the underpinnings of Ukrainian civil order. It seems very unwilling to do so.
On the other hand, we have yet to see if Russia has any big plans for this summer. We should know soon. Russia has succeeded in drawing the last of Ukraines mobile reserves into the battle for Kharkov. We should know in the next 2-3 weeks if that was a plan or just a result
Thanks Alasdair - I have to say watching these slapdowns at 8:30 EST on Friday mornings is becoming tiresome, currently looks like they're trying to manipulate the Friday 3pm fix and they've managed to get silver back below $30. Is this blatant manipulation or something else?
While all good Chinamen are tucked up in bed at night, the rats and roaches come out to play....
Hello Alasdair;
if I understand correctly:
- Volume: physical metal in the vault
- Open interest: number of contracts, i.e. paper gold / silver (ETF)
Am i right?
Thanks for sharing your knowledge
Volume is trading turnover and has nothing to do with vaulted metal. You are right on Open Interest. bear in mind that every contract has a buyer and seller