Ainslie Melbourne and Brisbane
Gold
Silver
Platinum
Rare
Charts
ainslie facebook ainslie instagram ainslie google ainslie linkedin ainslie twitter ainslie youtube
  • Home
  • Gold and Silver Price
  • Selling Gold & Silver
  • Secure Storage
    • Storage Options
    • Ainslie Storage Account
    • Reserve Vault & Melbourne Vault
  • SMSF
  • News
  • FAQ
    • About Us
    • General FAQ
    • How to Buy Bullion
    • First Time Buyers
    • Delivering Your Bullion
    • Bullion Security
    • Comparing Investments
    • The History of Gold
    • The History of Silver
    • Why Buy Bullion
    • Why Buy Silver
    • Different Types of Bullion
    • Historic Pricelists
    • Silver Stackers
    • ID Verification
  • Contact
SHOP
Buy Gold and Silver
0

The great gold price tug of war

Posted | 10/07/2014 / Views | 2479
Back to News
Next Article

We are in extraordinary times.  It’s a battle of shorts v longs.  Over the last few weeks the big bullion banks have piled on their short positions in both silver and gold to historically high levels.  On the other side we have a world dishing up reason after reason to own gold and silver with the ‘real’ market buying (going long) and maintaining prices in the face of all the shorting.  This week was providing 2 key events that could see a break out on gold.  Last night’s US Fed minutes and today’s Indian budget where Modi may or may not remove the restrictions on gold.  Last night the Fed said they would finish QE in October and were still working out their exit strategy re interest rates.  That was a perfect opportunity for the bullion banks to hit the gold price but yet again it defied and rallied higher.  If Modi removes or reduces restrictions it should be tremendously bullish for gold.

Right now we have, just to name a few: debt/easy money fuelled and central bank supported equities markets in bubble territory; bond markets scaring many economists; geopolitical conflicts all over the middle east, Ukraine, and China/Japan; attacks on the USD from Russia, China, France, Iran, South Korea etc; Eurozone faltering with serious bank issues in Austria, Spain, Greece, Germany etc and the ECB yesterday reconfirming they are ready to start their own money printing exercise as things get worse not better; the US recovery driven by misrepresentation of data and blind ‘belief’ on the eve of QE ending and the consequences of that yet to be seen yet seemingly unavoidable; Japan hurtling on with money printing and the world’s highest debt to GDP ratio, and finally China (who got us through the GFC) showing very real signs of slowing and struggling with its own massive debt bubble.  It is by no means an exhaustive list but merely an insight into just some of what is pulling the ‘natural’ long forces against the ‘orchestrated’ short forces of the banks.  Even if the banks win this one with all their ‘paper’ trades most gold commentators are now calling that the last price plunge before the gold and silver rocket takes off.  Take the strain….. pull!



Subscribe to Our Newsletter

Daily or weekly emails with gold and silver price, bullion news and important economic events from around the world.

Daily or weekly news on everything gold, silver and crypto.

Recent Articles

Safe Havens Bid Against More Wall St Losses
Posted | 20-May-2022 / Views | 774
More red on Wall Street last night on growing concerns about the US economy and its ability to handle higher rates.&... Read More...
Sri Lanka Crisis & Spiralling Inflation
Posted | 19-May-2022 / Views | 1040
Sri Lanka is now running out of petrol. Citizens are being implored not to line up, and that petrol will be availabl... Read More...
5 Long Term Cycles – Are we at ‘the top’?
Posted | 18-May-2022 / Views | 863
At a time of monumental change in our global economic and geopolitical setup, financial commentator and author Charles H... Read More...
Buy Gold Buy Silver Gold and Silver Price Ainslie ID Verification Ainslie Storage Portal Terms of Trade Privacy Policy 

 

Ainslie Bullion Brisbane
Level 6, 12 Creek St Brisbane
Toll Free 1800 819 474
O/S Phone +61 7 3221 0500
Fax 07 3229 1895

Ainslie Bullion Melbourne
Buy gold/silver Melbourne
Level 14, 357 Collins St Melbourne 
Toll Free 1800 246 754
O/S Phone +61 3 7037 6255

The Gold StandardBuy Crypto BrisbaneAinslie, a Perth Mint Distributer

Visit one of our Preferred Secure Storage Providers in Brisbane & Melbourne:

Brisbane Secure StorageMelbourne Secure Storage