Insights Into The Gold to US Markets Chart!
Jordan Roy-Byrne, Founder of The Daily Gold shares his insights on how the US markets and USD are holding the PM prices in check. He outlines what needs to happen for gold to break to the upside. We also spend some time on the gold to US markets and gold to silver charts.
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GUESS WHO’S BUYING? #gold
2019-02-14 | Kevin Muir – The Macro Tourist
“Last November, gold took off and ran from $1,180 to $1,320….”
Gold Investor – Central Banks Turn To Gold
Ezechiel Copic, Director World Gold Council -12 February, 2019
“Central banks are among the world’s largest investors in gold, with total holdings of more than 30,000 tonnes. Now, they are increasing their gold reserves still further, while many are returning to the market after multi-year absences. World Gold Council Director Ezechiel Copic assesses why.”
“Central bank gold reserves are rising. Net purchases totalled 351.5 tonnes in the first 10 months of 2018, up 17% year-on-year and the strongest showing since 2015. Momentum is growing too, with net purchases of 148.4 tonnes in the third quarter alone, up a full 22% year-on-year.”
“As buying patterns change, the number of central banks entering the market is changing as well. Historically, countries such as Russia, Kazakhstan and Turkey were among the most consistent buyers, making regular monthly purchases. In 2018 previously inactive central banks, including Poland, Hungary and India, also bought gold.”
Always happy to hear Jordan.