In this week’s episode of Live from the Vault, Andrew Maguire scrutinises the decades-long history driving some of today’s most pressing gold market topics: the divergence between physical and paper, and the coming gold reevaluation.
The precious metals expert analyses the growing momentum of indisputable changes observable on the gold market since the Basel III implementation and examines the impact of escalating geopolitical tensions on physical gold.
Timestamps
-
00:00 Start
-
01:30 Update on the central bank-driven gold reevaluation
-
03:50 The lone central bank attempting to delay the reevaluation
-
06:42 How the divergence between physical and paper gold started
-
11:15 How the Federal Reserve diluted the real gold price
-
13:00 How Basel III reopened the gold exchangeability window
-
16:30 Where we are in regard to price-capping tools
-
19:30 Why we call the COMEX the Casino
-
20:58 China and Russia’s impact on synthetic gold prices
-
25:00 JP Morgan and other examples of how the game is rigged
-
27:47 How bad are double ownership claims for the Fed
-
31:10 China and Russia soon to reveal their physical reserves?
-
33:50 Why Basel IV is bullish for gold
This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.
Recommended Content
Editors’ Picks
EUR/USD stays below 1.1100, looks to post weekly losses
EUR/USD continues to trade in a narrow range below 1.1100 and remains on track to end the week in negative territory. Earlier in the day, monthly PCE inflation data from the US came in line with the market expectation, failing to trigger a reaction.
GBP/USD struggles to find a foothold, trades near 1.3150
GBP/USD stays on the back foot and trades in negative territory at around 1.3150 on Friday. The US Dollar holds its ground following the July PCE inflation data and doesn't allow the pair to stage a rebound heading into the weekend.
Gold retreats toward $2,500 ahead of the weekend
Gold stays under modest bearish pressure and declines toward $2,500 in the American session on Friday. The 10-year US Treasury bond yield edges higher toward 3.9% after US PCE inflation data, causing XAU/USD to stretch lower.
Week ahead – Investors brace for NFP amid Fed rate cut speculation
Here comes another NFP week, with investors eagerly awaiting the results as they try to discern the size and pace of the Fed’s forthcoming rate cuts. The weaker than expected July numbers triggered market turbulence, instilling fears about a potential recession in the US.
Easing Eurozone inflation to back an ECB rate cut in September Premium
Eurostat will publish the preliminary estimate of the August Eurozone Harmonized Index of Consumer Prices on Friday, and the anticipated outcome will back up the case for another European Central Bank interest rate cut when policymakers meet in September.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.