Golden Flash Crash (english version)

At the opening of the commodity market, gold has been under a major attack.

In 2015, I told you about a violent downward opening (1050 USD per ounce) and then confirmed the increase to come when the price was still at 1300 (https://www.crottaz-finance.ch/blog/cest-parti-goldy-cest-reparti-goldy/)

What happened this morning very strongly looks like a “cleaning” of stop losses and “weak hands”.

Lire la suite

Gold Supply and Demand : Analysis for the 1st quarter 2020

Central Banks (China, Russia and some other small) have been buying gold. The net balance started to be positive from 2010

Unfortunately for the European and North American “tax payers”, their Central banks did not purchase any gold ounces

Lire la suite