Global Gold Demand Will Rise to Four-Year High in 2019

Global demand for gold in 2019 will rise to the highest in four years as higher consumption by jewelers offsets a fall in purchases by central banks, an industry report said on Monday. The world will consume 4,370 tonnes of gold this year, the most since 2015 and up slightly from 4,364 tonnes in 2018, consultancy Metals Focus said. Its Gold Focus 2019 report also predicted gold prices would average $1,310 an ounce this year, up from $1,268 in 2018 and the highest since 2013. Gold currently trades around $1,300 an ounce. Gold consumption for jewelry will rise 3 percent this year to 2,351 tonnes, driven by increases of 7 percent in India and 3 percent in China - the two largest markets - which will counter lower demand in the Middle East, Metals Focus said. Purchases by the official sector, which surged almost 75 percent in 2018 as central banks added gold to diversify their reserves, will slip 9 percent this year to 600 tonnes, the report predicted. Phy...

from GoldBroker.com https://www.goldbroker.com/news/global-gold-demand-will-rise-four-year-high-2019-1509

Lagarde (IMF) : Eurozone Not Sufficiently Prepared to Face the Next Crisis

"Crisis". The word keeps coming up in the mouths of experts. This Thursday, it was the IMF's Managing Director, nothing less, who used it. For Christine Lagarde, the eurozone is not sufficiently prepared to face the next crisis. She urged to strengthen the banking system. "The currency union is more resilient than it was 10 years ago, but it is not resilient enough" to emerge unscathed from "unexpected economic storms", she told a conference organized by the Banque de France (BdF), issuing a warning all the more serious as the global economic outlook is deteriorating. Christine Lagarde recalled that the eurozone had "suffered a violent storm during the global financial crisis" in 2008 "and then another shortly afterwards, during the european sovereign debt crisis". "These events left painful economic scars on many households and companies, sowing the seeds of economic disparity across member countries and wit...

from GoldBroker.com https://www.goldbroker.com/news/lagarde-imf-eurozone-not-sufficiently-prepared-face-next-crisis-1508

Only Gold Stands Against The Final Catastrophe

Have the Ides of March been delayed in 2019? Normally the Ides of March just means the date March 15th. Shakespeare made the expression ominous as it was the day that Julius Caesar was murdered. Today in 2019, the 29th of March seems more significant than the 15th. Because on the 29th, we first have the conclusion of Brexit. Or maybe we don’t! Brexit has been a tortuous process that after 3 years has got nowhere. All it has done is to reveal the EU elite’s megalomania as well as their intransigence. It has also revealed the complete incompetence of the UK government as well as Mrs May’s total indecisiveness and her inability to distinguish between activity and achievement. VALUE OF CASH NO LONGER DOUBLE THE VALUE OF GOLD March 29th is also very important in the banking world since it is the date when gold is recognised as a Tier 1 asset and thus equal to cash. Until now, gold was only a Tier 3 asset and its value was taken at 50% for the purpose of a bank’s solvency....

from GoldBroker.com https://www.goldbroker.com/news/only-gold-stands-against-final-catastrophe-1506

The Gold Cycle Respects the 15-Year Rule

Since the 1980s, gold has a cyclicity that develops with a 15 year-old periodicity among the tops: beginning from 1980 (1st top) after 15 years we had the 1995 followed by the top of 2011. At the same time the dollar made, in a mirror pattern, some movements with a series of 15 year-old alternate low: while gold was on the maximum in 1985 the US dollar made a minimum. Same speech in 1995 with the dollar that reached extremely low levels. In 2011 the dollar made a retest of the low. Opposite situation in the phases of top of the US Dollar: at the 1985 top, at the 2000 top and at the 2015 top, gold touched new lows. The actual phase of accumulation seems therefore to be close to the end with a new bullish leg head. The breakout of the horizontal red line (resistance) would be a first strong signal that gold is ready to start to the upside (meanwhile the US dollar is expected to fall). Indicators suggest that the health status of gold is OK.

from GoldBroker.com https://www.goldbroker.com/news/gold-cycle-respects-rule-15-years-1503

A Huge Cup & Handle for Silver

Starting from the data of the ‘70s it is possible to elaborate a graph (on a logarithmic scale) that highlights a huge cup with the handle and that respects a cycle of minimums every 15 years. As for gold, even for silver it is possible to make the cycle of the 15 years, starting from 1971: here we had the lows of 1986, 2001 and 2016. Using the lower indicator we can also see that the upward exit from oversold (with the average cut from bottom to top) supports the cyclical minimum theory. It is clear that keeping the minimum between 2016 and 2018 is fundamental for this theory to remain valid: the next upward leg will therefore be seen as confirmation of this enormous bullish figure.

from GoldBroker.com https://www.goldbroker.com/news/huge-cup-handle-for-silver-1502

Pattern and Indicators Sustain A Bullish View for the Gold

The gold is completing a long rounded base and for now is making a series test of trendlines: at the moment the indicators still sustain a bullish structure that will be confirmed to the breakup of the descending trendline from the top of the 2011: a violation of the static (Horizontal red line) resistance will be therefore extremely bullish. As said the indicators therefore don't underline any type of bearish signals. The actual phase of weakness is consistent with a positive view in line with the bullish seasonality as we can usually see during the 2° part of the year. The overcoming of the last maximum (area 1350 $) will be a signal of an alert for further strength.

from GoldBroker.com https://www.goldbroker.com/news/pattern-indicators-sustain-bullish-view-for-gold-1501

Why Gold Is Still The Best Basis For Money

By Nathan Lewis As we continue to enjoy the "Yellen gold standard," now in its Powell phase -- who knows how long it will last -- let's look at why the gold standard system worked so well for so many centuries, including nearly two centuries of U.S. history before the rupture in 1971, during which time the United States became the wealthiest country in the history of world. In 1971, the economist Arthur Laffer -- he was the chief economist of the Office of Management and Budget at the time -- was asked what he thought the consequences would be of Nixon's "closing of the gold window," which effectively ended the Bretton Woods period when the dollar's value was fixed at $35/ounce of gold. "It won't be as much fun to be an American anymore," Laffer reportedly replied. And he was right. But why? Why is it that the collective intelligence (let's be generous) of today's central bankers, and indeed all the cen...

from GoldBroker.com https://www.goldbroker.com/news/why-gold-still-best-basis-for-money-1500