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<h1 class="entry-title">Tag: Yuan</h1>

Gold Stays Strong, Silver Up 9% for October

Jim Clark 10/25/2015 Gold and silver traded softer this week with gold losing some ground from $1,171 to close $1,164 up 5% for October to date and silver opened the week at $15.86 and is trading at $15.81 basically unchanged for the week and up 9% for the month so far. Analysts attribute this week’s […]

The Strong Rally of Gold and Silver

Jim Clark 10/18/2015 Gold and silver have surged this week to bring both metals into positive return territory for this year. With a strong follow through to last week’s rally, both metals continue to make higher highs and higher lows, a bullish indicator of a turn in the market as we addressed last week. Gold […]

The Chinese Stock Market Crash; Gold Demand Continues

Jim Clark 8/2/15 The Chinese Stock Market Crash Since peaking in June, Chinese stock market indexes are down roughly 30%. As reported on CNBC today, Chinese farmer/investor has lost his and his family’s life savings and then some. Because of margin calls, Yang Cheng owes his brokerage firm $1 million, the amount of his original […]

The Gold Market Discussion: 4/26/15: What if the Yuan Was Backed by Gold?

by Jim Clark April 24, 2015 Can 1.4 billion Chinese be wrong? Between 2008 and 2009 China doubled their reserve of gold bullion stock. In April of 2009, the Chinese Central Bank (The People’s Bank of China) reported gold holdings of 1,054 metric tonnes. Recently, Bloomberg Intelligence estimated China’s gold holdings at 3,510 metric tonnes, […]