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Ainslie Daily News

Ainslie distributes up to the minute gold, silver and cryptocurrency news and gold price information that can give you deep insight into bullion and cryptocurrencies. Keep track of the US and Global economy, Gold and Silver operations/positions, International bullion purchasing sentiment, Cryptocurrency exchanges and international dialogue on blockchain.

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RBA Fall Further Behind – Prepare for takeoff

Posted | 27-May-2022 / Views | 941
Criticism continues to mount on the Reserve Bank of Australia for acting with too little too late in containing inflation in Australia.  Having lifted rates for the first time in a decade to just 0.35% earlier this month, most other central banks are aggressively hiking.  Just across ‘the ditch’ RBNZ this week hiked again to 2... Read More...

Is Recession now here?

Posted | 26-May-2022 / Views | 1198
Last night saw even more poor economic data and Fed minutes confirming they have no intention of backing off at least for 3 more rounds of 50bps hikes.  Clearly fuel for more sharemarket falls one would think… However the market seemed to somehow latch on to the hope the Fed will stop in September? The question is will that be too late?... Read More...

Gold Demand Trends Q1 2022 up 34%

Posted | 25-May-2022 / Views | 677
The World Gold Council recently released their first quarter gold demand trends report for 2022.  As usual we give you an expanded summary of this quarterly snapshot of global demand and supply. “In a quarter that saw the US dollar gold price rise by 8%, gold demand (excluding OTC) increased 34% y-o-y to 1,234t – the highest sin... Read More...

Bear Markets Author the Bull That Follows

Posted | 24-May-2022 / Views | 772
After the industry-wide sell-off alongside the collapse of LUNA and UST last week, markets have entered a period of consolidation. Bitcoin prices traded within a relatively tight range between a high of US$31,300 and a low of $28,713. The Bitcoin market has now traded lower for eight consecutive weeks, which is now the longest continuous string ... Read More...

S&P500 Crosses Rubicon – “Investors forewarned”

Posted | 23-May-2022 / Views | 922
Its now official.  After the NASDAQ long since crossed the rubicon, the world’s biggest equities index, the US S&P500 officially turned to bear market having cross the 20% loss line on Friday night. Having reached this juncture after just 2 of the 10 rate hikes predicted and BEFORE any quantitative tightening even starts… ... Read More...

Safe Havens Bid Against More Wall St Losses

Posted | 20-May-2022 / Views | 1096
More red on Wall Street last night on growing concerns about the US economy and its ability to handle higher rates.  Whilst ending the session lower the S&P500 again miraculously bounced off the -20% bear market line in the sand without crossing it.  However the night was more notable for the surge in both gold and bitcoin against... Read More...

Sri Lanka Crisis & Spiralling Inflation

Posted | 19-May-2022 / Views | 1778
Sri Lanka is now running out of petrol. Citizens are being implored not to line up, and that petrol will be available within the next two days. Sri Lankan news channels are warning that power cuts may rise to 15 hours per day, and there are numerous reports of Sri Lankans struggling to find other essentials such as milk and medical supplies. Pr... Read More...

5 Long Term Cycles – Are we at ‘the top’?

Posted | 18-May-2022 / Views | 1091
At a time of monumental change in our global economic and geopolitical setup, financial commentator and author Charles Hugh Smith yesterday looked back at his calls on what he sees as the 5 ‘long-wave cycles’ that he first posited in 2007.  Its worth sharing in full as it maps a similar mental journey many of us have been on since ... Read More...

Historic Week in Crypto.

Posted | 17-May-2022 / Views | 1003
The cryptocurrency markets experienced a week of historic volatility and chaos, with the exchange rate for two stablecoins, UST and USDT taking centre stage. Over just a few days, two top 10 digital assets by market cap (LUNA and UST) erased nearly $40 Billion in investor value. UST lost its $1 peg completely, and LUNA collapsed to a price of $... Read More...

Aussie Property at the Precipice

Posted | 16-May-2022 / Views | 1735
Its hard to pick up a paper or read the news without headlines around plummeting auction clearance rates, stalled house sales, predictions of big house price falls, and then late last week we got the ABS stats showing new home and construction finance commitments literally halved from the ‘HomeBuilder’ stimulus February 2021 peak an... Read More...

Preparing for Impact – PPI Surges

Posted | 13-May-2022 / Views | 1646
Never a dull night on global markets lately… Last night was again a sea of red.  The only green was yet again the US dollar (at near 20 year highs) and big cap crypto (coming off massive falls).  The S&P500 rallied a little late to avoid falling into an official bear market (20% off recent highs) by just 2bps and the NASDAQ... Read More...

US CPI Shock, Shares Tank, Gold Rises – Recession Dead Ahead

Posted | 12-May-2022 / Views | 1421
Last night saw more volatility on markets as the much anticipated US CPI figures were released and were hotter than expected.  While the annual consumer price reading slowed to 8.3% from 8.5%, both headline and core CPI rose 0.3% and 0.6% respectively in April, both higher than consensus expectations and still some of the highest on record. In... Read More...

7 Super Bullish Charts for Gold and Silver

Posted | 11-May-2022 / Views | 1367
Less words more charts today as we hit some very interesting junctures in precious metals markets.   First the chart with an almost 100% track record of success is the Commitment of Traders report on COMEX showing the positions of the big traders.  Every time non commercials (dominated by the speculative managed money) are this lea... Read More...

Crypto Market Reacts to FED

Posted | 10-May-2022 / Views | 814
Markets experienced high volatility and further downside this week, as the market responded to the Federal Reserve's decision to hike rates by 0.5%. Markets initially responded well to the news on Wednesday, with Bitcoin rallying to the weekly high of US$39,881. However, the positive momentum was short-lived, with markets selling off heavily on... Read More...

Gold & Monetary Revaluation

Posted | 09-May-2022 / Views | 1389
A lot has been written and speculated of late about the Russia’s moves to back the rouble with gold (as we discussed here) and the weaponization of the US dollar and reckless printing of it starting some kind of reset of global fiat currencies. None of this is without historical precedence of course. We recently shared key takeaways from Cres... Read More...

Wall St Whipsaws - What Next?

Posted | 06-May-2022 / Views | 1708
Last night continued the biggest sharemarket whipsaw since peak COVD turmoil in mid 2020.  After the biggest Fed day surge in 44 years on Wednesday night, last night saw the biggest drop since June 2020 with the NASDAQ down 6% at its worst and 5% at close. The S&P500 was down over 3.5% as well and to complete the reversal of ‘all thi... Read More...

“One foot on accelerator, one on the brake”

Posted | 05-May-2022 / Views | 1246
Not to be outdone by our own RBA’s bigger than expected 0.25% hike, last night the US Fed hiked rates by 0.5%.  The market reaction, as is often the case nowadays, was somewhat confounding as everything (shares, bonds, gold and crypto) surged apart from the USD which fell substantially.  The reason for the counter-intuitive surge ha... Read More...

RBA raises interest rates for first time in a decade

Posted | 04-May-2022 / Views | 1203
Philip Lowe, Chairman of the Reserve Bank of Australia (RBA) announced yesterday that the cash rate target is now 0.35%, with real rates still very negative. This was the first rate rise since November 2010. The time has come to start withdrawing some of the ‘extraordinary monetary support’ that has been injected into the economy si... Read More...

Where Is BTC’s Floor?

Posted | 03-May-2022 / Views | 996
Bitcoin investors are hanging onto the edge of profitability, with short-term price action threatening to put them back into the red. Meanwhile, a constructive confluence of macro indicators is developing into a clearer picture of a potential bear market floor. Markets worldwide continue to recoil in the face of inflationary pressures, tight... Read More...

Negative US GDP & the end of the business cycle

Posted | 29-Apr-2022 / Views | 1491
Last night’s shock news of the US falling into recessionary territory with a negative GDP print was a salient reminder of both the precariousness of the world’s biggest economy and the farce that is a sharemarket RALLYING on the news likely because they think it will force a reversal of the Fed’s tightening! Importantly gold r... Read More...