US NATIONAL DEBT

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Rosland Capital on Gold and Other Precious Metals

The Volcker Rule – Good for Gold

December 12, 2013

NEW YORK (December 12, 2013) – Jeffrey Nichols, Senior Economic Advisor to Rosland Capital (www.roslandcapital.com), had the following comments on the current gold-market situation and outlook: 

A number of bearish forces have contributed to the downward trend in gold price during the past couple of years.  One important, but not generally recognized, factor has been the large-scale proprietary trading activities of a handful of bullion-dealing banks in both futures markets and over-the-counter markets.

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Gold: What’s Going On Here

November 26, 2013

NEW YORK (November 26, 2013) – Jeffrey Nichols, Senior Economic Advisor to Rosland Capital (www.roslandcapital.com), had the following comments on the current gold-market situation and outlook:

With the Dow topping 16000 and the S&P500 index reaching 1800 – both psychologically important levels – gold continues to be an innocent victim of the frenzy on Wall Street.

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A Note on China’s Gold

November 8, 2013

NEW YORK (November 6, 2013) – Jeffrey Nichols, Senior Economic Advisor to Rosland Capital (www.roslandcapital.com), had the following comments on the current gold-market situation and outlook:

It won’t take a collapse of the dollar or some doomsday scenario to catapult the price of gold well above its September 2011 all-time high of $1,924 an ounce.

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Gold - Driven by American Politics and Monetary Policy Expectations

October 25, 2013

NEW YORK (October 24, 2013) – Jeffrey Nichols, Senior Economic Advisor to Rosland Capital (www.roslandcapital.com), had the following comments on the current gold-market situation and outlook:

With Washington’s latest budget and debt-ceiling crisis behind us, gold traders and investors are refocusing their attention on U.S. monetary prospect – with expectations of tapering later this year rising and falling with the flow of economic data and the apparent strength of economic recovery.

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Gold: If Not Now, When?

October 8, 2013

Gold’s recent failure to sustain brief rallies and generate any lasting upward momentum has many gold bulls asking “If not now, when?” 

Indeed, the early-autumn economic and financial news should have fueled a significant advance in the metal’s price – or so conventional thinking would suggest, what with the Fed’s postponement of tapering, the fiscal impasse and partial government shut-down in Washington, and the approaching debt-ceiling and possibly perilous U.S. Treasury default in world financial markets.  

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A Rollercoaster Ride for Gold Investors

September 6, 2013

Gold continues its rollercoaster ride, lurching one way then the other, leaving many investors with an uncomfortable feeling of uncertainty.  What’s behind this recent wave of gold-price volatility . . . and where is it likely to lead? 

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Gold: Vulnerable . . . but Oversold

August 8, 2013

With many traders on both sides of the Atlantic on holiday, gold has fallen victim to the dog days of summer, falling through the technically and psychologically important $1,300 price level, driven lower by merely a ripple of spec selling magnified by thin volume in Western markets.

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A Whiff of Stagflation

July 26, 2013

It was only a matter of time before gold prices broke through overhead resistance at the technically and psychologically important $1,300 an ounce level.  After all, the market had become increasingly “tight” in recent months with a growing shortage of readily available physical metal.  This could be seen in the hefty price premium investors have willingly paid to take delivery of gold bars (as much as $40 an ounce in Shanghai, for example), the rise in gold loan rates, the modest backwardation in gold futures markets, and reports of refinery backlogs.

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Gold Market Tightens Signaling Possible Price Recovery

July 11, 2013

Gold hit a fresh three-year low of $1,180 per ounce in late June and has since struggled back to the $1,240 to $1,260 range.  Although the latest decline began back in April, the sell-off accelerated in June following Fed Chairman Ben Bernanke’s statement that the U.S. central bank might soon taper off its program of quantitative easing.  

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Gold Suffers as Fed Spooks Financial Markets

June 27, 2013

Equity, debt and precious metals markets all reacted sharply to last week’s warning from Federal Reserve Chairman Ben Bernanke that the central bank could begin tapering off the central bank’s monthly bond purchases later this year if economic conditions continue to improve.

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