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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Transitory Strong USD Gift to Gold Buyers

Posted | 18-Jun-2021 / Views | 912
The fallout from the change in tone of the Fed Wednesday night continues with the USD continuing its march higher, shares faltering, bond yields falling and both gold and silver falling with them.  Crescat’s Tavi Costa tweeted some perspective: But regardless the market is swallowing the jawboning and that should always be cause f... Read More...

Talking about talking about…

Posted | 17-Jun-2021 / Views | 985
Last night’s “most important” US Fed meeting clearly delivered a surprise to the market with basically everything except the USD tanking on the more hawkish than expected outcome of FOMC meeting.  Whilst, as all expected, they did not raise rates above the current 0.0-0.25% nor ease up on the $120b/month QE, a few members of ... Read More...

Most Important Fed Meeting in Powell’s Career – “Buy crypto, buy gold”

Posted | 16-Jun-2021 / Views | 1045
That’s how billionaire Wall St legend Paul Tudor Jones described tonight’s US Fed meeting.  The gravity of that should not be treated lightly.  Jones came to prominence when he was one of the few that picked the 1987 Crash and has since maintained somewhat of a midas touch literally amassing several $billions in the process. ... Read More...

BTC to Receive Upgrades

Posted | 15-Jun-2021 / Views | 797
This morning we saw BTC climb above $40k USD. A variety of factors are at play, but one reason may be that Bitcoin has confirmed its first upgrade in four years. Bitcoin miners—those who secure the bitcoin network and validate transactions in return for bitcoin tokens—approved the long-awaited upgrade, known as taproot, which is due ... Read More...

Fed hits $8trillion – UST yields Biggest Yearly Drop

Posted | 14-Jun-2021 / Views | 961
Despite raging inflation prints last week, bond yields plummeted on Friday night making the cumulative drop in 10 year Treasury yields last week the biggest in a year.  The market is screaming it thinks this inflation is indeed ‘transitory’ or at the very least that the Fed will not ease or taper even if it is. It could also... Read More...

US Inflation Shock – Testing the Transitory Narrative

Posted | 11-Jun-2021 / Views | 1401
Last night’s much anticipated inflation figures out of the US came in even hotter than expected at 5% against 4.7% expected.  That is the highest headline inflation print since August 2008, just before Lehman collapsed.  More critically the core CPI surged to 3.8%, the highest print in nearly 3 decades, back to the 1992 recession. ... Read More...

China’s PPI Near All Time Record

Posted | 10-Jun-2021 / Views | 1132
China just sent a shockwave warning of potential trouble ahead with the worst PPI (Producer Price Index) or so called ‘factory gate inflation’ print since the GFC.  Coming in above already high expectations of 8.5%, the 9.0% print was also just shy of the all time record of 10% during the GFC.  However, the kicker was that CPI... Read More...

Central Bank Gold Holdings Survey 2021

Posted | 09-Jun-2021 / Views | 1099
One of the key determinants in establishing gold’s unwaivable value is the fact that so much of it is held as a reserve asset by most of the world’s central banks.  People hence often refer to central banks’ underwriting the value of gold.  Afterall they own around 35,400 tonne of the estimated total of 180,000 tonne eve... Read More...

Bitcoin Adoption Ramping Up

Posted | 08-Jun-2021 / Views | 791
El Salvador's President Nayib Bukele has announced through his Twitter account that he plans to make Bitcoin, the original and premier cryptocurrency, as a legal tender in their country. If the El Salvador President's proposal goes through, El Salvador will become the first country in the world to legally use Bitcoin as a digital legal tend... Read More...

Goldilocks US Employment Good For Gold

Posted | 07-Jun-2021 / Views | 783
After the better than expected jobless claims we discussed Friday, the US nonfarm payrolls came out on Friday night and fell below expectations but was strong enough to maintain faith in an improving economy.  It was the quintessential ‘goldilocks’ outcome. Against expectations of a 671K print, the US added just 559K jobs in May... Read More...

USD Spikes PM’s Fall – But ‘Impossible Trinity’ Remains

Posted | 04-Jun-2021 / Views | 1160
Last night saw the biggest daily gain for the US dollar since September last year on the back of better than expected employment figures via the ADP ahead of the all important NFP employment figures tonight. The USD index jumped 0.65% and back above 90 to 90.5 (see chart below).  The spike saw nearly all financials in the red and USD gold smac... Read More...

World’s Top 3 Gold Producers Fall in Q1 & Australia Closes the Gap on China

Posted | 03-Jun-2021 / Views | 1084
Amid a strongly rising gold price and renewed investment demand it is instructive to look at what’s happening with supply.  After all, on the equation of supply, demand and price, increasing gold demand, as appears set to continue, may matter less if supply too is increasing. We must at this point caveat that last statement with the r... Read More...

In Gold We Trust annual – “Monetary Climate Change”

Posted | 02-Jun-2021 / Views | 1068
The annual In Gold We Trust report has become the most eagerly awaited independent analysis and commentary of gold and silver markets.  This week it was released and today we provide links to both the compact and the full 346 page version together with a video of highlights.  Longer term readers will recall we previewed it back in March h... Read More...

Institutional “Diamond Hands”

Posted | 01-Jun-2021 / Views | 954
Bitcoin is on track for the second-biggest monthly percentage decline on record, despite bouncing from session lows in Asia. The 37.5% decline in May 2021 is beat only by September 2011's 40%. Let us explain why that may be great for building your portfolio… BTC changed hands near $36,200 at 9:00 am UTC, representing a 37.5% loss for ... Read More...

Silver Demand Explodes – Industrial AND Investment

Posted | 31-May-2021 / Views | 1416
The web was aflutter over the weekend with news that the US Mint released an “important update” stating “The global silver shortage has driven demand for many of our bullion and numismatic products to record heights” and “In the interest of properly rectifying the situation, the Mint is postponing the pre-order windows... Read More...

Early Days for Precious Metals

Posted | 28-May-2021 / Views | 1710
Yesterday we shared an excellent report from Crescat Capital about the economic setup in the US particularly around the impacts leading to inflationary pressures and what that means.  Topically, overnight we learned that Biden is proposing federal government spending to jump to $6 trillion next year, the highest since WWII. Today we share Cres... Read More...

The Three Pillars of Inflation

Posted | 27-May-2021 / Views | 1185
A longer one today but an excellent piece from Crescat Capital on what we might expect to see from here in the US which both portends similar outcomes here in Australia but also will directly affect Australia via the effects on the US regardless. “We strongly believe investors will want to get positioned now for the Great Rotation which is... Read More...

Gold & Silver Rally on Reality 

Posted | 26-May-2021 / Views | 1132
Both gold and silver had strong nights last night, both up around 1% whilst shares and USD all declined.  As we wrote last week here, the AUD is dropping despite the USD dropping as well meaning we got all and more of those gold and silver gains last night in AUD. Importantly too, gold broke through USD1900 and silver through USD28, adding ... Read More...

Pal says “Time To Add” & Elon sees the green light

Posted | 25-May-2021 / Views | 1241
Late last week Raoul released a quick update titled “Time to Add” where he reflects on the crypto market after the massive sell off. During extreme market conditions, it helps to look towards experts to keep a level head. Here’s what he had to say; “Well, that was an interesting few days in crypto! What do you expect i... Read More...

REPO’s back, but not as you remember it

Posted | 24-May-2021 / Views | 1255
The battle between inflation and maintaining easy monetary policy in the US is starting to show tangible signs of blowing up.  As we discussed last week, the Fed are choosing a lower inflation metric to justify their easy money policy, and even the official CPI is understated having long ago removed house prices which are on fire in the US.&nb... Read More...