On the heels of the recent turbulence in the global bond markets, here are the keys to the gold market.
Change in Gold Reserves Held by Emerging Countries
By Ronald-Peter Stoeferle, Incrementum AG Liechtenstein
October 9 (King World News) – In recent years the “axis of gold”* (countries such as China, Russia, Iran, Turkey) have frequently and more or less openly questioned the US-dominated global economic order. Their distrust is reflected in 1,600 the steady expansion of their gold reserves (see chart below).
“Axis Of Gold” Continues To Expand Their Massive Gold Holdings
China, Russia, and Turkey in particular have boosted their central bank gold holdings substantially since 2007, namely by 307% (China), 408% (Russia), and 486% (Turkey)…
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The increase in gold reserves should be seen as strong evidence of growing distrust in the dominance of the US dollar and the global monetary and credit system associated with it.
Gold/Silver Ratio: Falling Ratio To Be Expected?
The Gold/Silver ratio recently traded at the highest level since 1991!
At the moment, it seems as if the ratio has hit a potential reversal point again after an upward trend of almost seven years. The ratio has knocked at the upper resistance level of 80x several times already.
According to the results of our statistical analysis, a sustainable increase in the gold price is unlikely to happen in tandem with an increase in the gold/silver ratio. A falling gold/silver ratio significantly increases the probability of a bull market in gold and silver.
***KWN has now released the audio interview with Rick Rule discussing the gold, silver, uranium, crude oil and interest rate markets and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
ALSO JUST RELEASED: We Haven’t Seen This Since 1973, Plus China Comments On The Yuan CLICK HERE TO READ.
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