Last night the Fed confirmed they have no intention of lifting the monetary stimulus pedal from the metal, dismissing rising inflation as purely ‘transitory’. And so printers will continue to go brrrr and near free money available to go and inflate the debt bubble further to buy over inflated financial assets and houses. Not surprisingly then, the USD sank further and bonds, gold, bitcoin and shares were all up. Yes that’s right, both the safe havens of bonds, gold and bitcoin were up together with shares. The historic lack of correlation between these classes is for now gone. So which is right?

There are many price prediction models for gold however few could boast the historical performance achieved by the guys at GoldMoney Insights. Their gold price framework draws from 3 main drivers; central bank policy, changes in central bank inventories and longer dated energy prices. We step through each and the bullish setup before us.

Whilst western demand for gold is subdued, demand in the east is booming. We share the latest Swiss export figures which speak volumes. We also share an excellent analysis of just how much gold China really have. Spoiler alert… its MUCH more than the US…

It was another strong night for precious metals last night as the dip having past narrative grows. Whilst silver was again the star of the night (up over 2.5%), platinum was very close behind as it saw further strengthening. Whilst gold has trended down since last August to find a low at the beginning of this month, platinum having had a small correction in August, has been strong since, up nearly 50% since September. We revisit the 460% rise in palladium in the context of an excellent report from the World Platinum Investment Council illustrating why there is still great potential for platinum to follow suit.

On Sunday we saw Bitcoin plunge 15% within a matter of hours, dragging the rest of the market down with it. Despite this action, long term fundamentals remain as strong as ever. Let's dive into why the dip occurred and why now may be the perfect time to enter/top-up.

China has long been the world’s biggest consumer of gold, ahead of India since 2013. Whilst also the world’s largest producer, China is still the world’s largest importer. However as a communist regime, the amount of gold allowed to enter the country is, as with most things, controlled by the Beijing. Reuters just reported they are reopening quotas with a massive 150 tonne worth over $11b set to be imported right from the gun. We discuss.

After what is a prolonged period of price stability (at least in the crypto world), we saw Bitcoin break 60k (USD) and Ether set a new all-time high before both drew back down over the weekend. Let's delve into what's going on in the space and what is driving the latest price movements.

Both gold and silver surged last night with gold up $45 (2%) and silver up 86c (2.7%). Ostensibly this was driven on inflation trades on the back of Biden introducing his $2.25 trillion “American Jobs Plan,” infrastructure stimulus package. However it can’t be ignored that we have now passed the March delivery on COMEX futures when it is ‘convenient’ for those massive bullion bank short positions to have a nice low price….cough, cough

After a major breakout early in March, Platinum has pulled back from psychological resistance at US$1,200 in a healthy consolidating move. The white metal has continued to trade above US$1,160 over the last week reflecting strong support even after a major breakout. We discuss.

Images for charts visible here:

https://www.ainsliebullion.com.au/gold-silver-bullion-news/platinum-e2-80-99s-fundamentals-remain-strong-/tabid/88/a/2479/default.aspx

THETA, the native token of the Theta Network (a sharing economy video delivery network) has been going ballistic this year. Since the beginning of the year, it has increased almost 6-fold. From a year ago, THETA is up a staggering 18,000%. The question is how? Let’s dive into why the market is so excited about THETA…