Market Updates

Presentation from ABC Bullion Seminar

Gold prices have corrected slightly this week, with the price of the yellow metal falling 1.5% to the USD $1330oz level. Silver has been affected too, with a similar fall...

Precious Metals News Update - 21 February 2018

​Chinese New Year and US Presidents Day holidays have impacted market liquidity during the early part of this week.The return of US investors on Tuesday saw the precious...

Gold and Bitcoin Pop as Inflation Beast Stirs!

Precious metal prices have rallied this week, with both gold and silver up by close to 3% in USD terms, trading at USD $1354oz (gold), and USD $16.96oz (silver). In local...

Weekly Technical and Precious Metals Positioning Report - Gold - 15th February 2018

Precious Metals News Update - 15 February 2018

Hello everyone. Since the last missive a week ago, extremely choppy ‘rinse and spin’ price action has been seen across the precious metals complex (particularly gold), as...

South African Politics and Platinum and Palladium Prices

To bastardise Hemingway, Jacob Zuma’s political demise appears to have come about “slowly, then all at once”. Years of the ANC governing as the party of liberation, and t...

Gold Stable as Markets Crumble!

Precious metal prices have held their ground this week, with the price of gold in AUD again challenging $1700oz, whilst silver in AUD is trading above $21oz.Australian in...

Precious Metals News Update - 8 February 2018

Hello everyone. Precious metals remained under the cosh on Wednesday as the Dow Jones Industrial Average recouped 1,500 of the (approximately) 2,200 points it had shed si...

Precious Metals News Update - 7 February 2018

Hello everyone. “Ladders and snakes. Ladders give, snakes take.” The ongoing carnage in US equity markets (and associated volatility indexes like the VIX and the XIV) on...

S&P 500 down more than 4% overnight

​U.S. stocks plunged the most in 6 1/2 years, with the Dow Jones Industrial Average sinking more than 1,100 points, and the S&P 500 down more than 4% overnight, amid risi...

Precious Metals News Update - 6 February 2018

Hello everyone. Violent moves were seen across the gamut of financial markets spanning stocks, interest rates, currencies and commodities, as the week commenced. Yesterda...

Bitcoin Breaks as Sovereign Wealth Funds go for Gold

Gold and silver had a steady end to January 2018, closing out the month with an increase of 4% (gold) and 2% (silver) in USD terms. For local investors, returns were cons...

Weekly Technical and Precious Metals Positioning Report - Gold - 31st January 2018

Precious Metals News Update 25 January 2018

Hello everyone. Gold and silver ripped higher on Thursday as the US Dollar was given the baby seal treatment by investors after US Treasury Secretary Steven Mnuchin comme...

Gold Powers Higher!

Gold prices have continued their march higher overnight, currently trading near USD $1355oz. Silver has also rallied, continuing the impressive run in precious metal pric...

Precious Metals News Update 24 January 2018

Hello everyone, The three day US government “shutdown” concluded prior to the commencement of Far Eastern trading yesterday, after the US Senate voted (81-18) to pass fun...

Precious Metals News Update 22 January 2018

Hello everyone. Precious metals closed out last week on a firm footing, most likely resulting from end-of-week booksquaring / profit-taking / shortcovering. Over the week...

Gold Rallies as Cryptos Crumble

It’s not yet three weeks old, but 2018 is already shaping up as an interesting year in financial markets. Stocks have flown out of the gate, and bond yields are rising, w...

Senior Trader Daily Update 18 January 2018

Good morning everyone.The precious metals, having spent their time since mid-December shrugging off regular record highs in US equity markets and instead taking their cue...

Weekly Technical and Precious Metals Positioning Report - Gold - 17th January 2018

Weekly Technical and Precious Metals Positioning Report - Gold - 9th January 2018

Senior Trader Daily Update 19 December 2017

Hello everyone. The progress of US President Trump’s (and the Republican party’s) tax reforms held sway over the markets and related uncertainty fed into a weak US Dollar...

Gold and Bitcoin: Podcast on the “Best Party in Finance”

Cryptocurrencies have been in the news again this week, with RBA governor Phillip Lowe describing Bitcoin as a speculative mania!Following on from his detailed report tit...

Senior Trader Daily Update 14 December 2017

Hello everyone. Gold and silver (in both USD and AUD terms) experienced what is commonly known as a “buy the rumour / sell the fact” rebound (or in this specific instance...

Senior Trader Daily Update 12 December 2017

Hello everyone, The bad news for precious metals (and specifically gold investors) is that some major support levels have ceded over the past few sessions with “risk on”...

Senior Trader Daily Update 7 December 2017

Good morning everyone. Mixed trade was seen in gold on Wednesday, while silver and platinum were pressured lower. Gold slipped modestly after the release of the latest pr...

Gold breaks below key moving average – plus the latest on Crypto!

The gold price broke below the key 200 day moving average this week, with the yellow metal currently trading just below USD $1,265oz. There is support at these levels, th...