It is the 21st of November 2017

News

Gold Coins and Bars Saw Demand Rise 17% to 222T in Q3

- Gold coins and bars saw demand rise 17% to 222t in Q3, driven largely by China
- Chinese investors bought price dips, notching up fourth consecutive quarter of growth
- Jewellery, ETF demand fell while gold coins and bars saw increased demand 
- Central banks bought a robust 111t of gold bullion bars (+25% y-o-y)
- Russia, Turkey & Kazakhstan account for 90% of 111t of central bank demand
- Turkey increased gold purchases and saw broad based physical gold demand
- Gold demand in Q3 at eight-year low as ETF inflows slowed sharply 
- Gold demand saw 9% year-on-year (y-o-y) drop in to 915 tonnes (t)
- Total global gold supply fell 2% in Q3

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"Investors Can't Stop Buying Every Dip": The WSJ Explains Why Markets Soar To New Highs Every Day

International equity markets seem to effortlessly surge to brand new record highs with each passing day.  As we note fairly frequently, declines have grown shallower over the past two years and the S&P 500 has now gone 246 trading days without trading more than 3% below its record high, the longest streak ever for the index, according to LPL Financial. Meanwhile, the S&P hasn’t had a decline of 10% or more from a recent peak since February 2016.

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What To Look For If This Is Indeed A Major Bubble

The core thesis presented earlier by Fasanara Capital, is that what is taking place in the market right now is the blowing of arguably the biggest asset bubble in history, or rather twin bubbles - impacting both equities and bonds...

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