Vince Lanci
Vince Lanci Articles
In this morning's show, Vince Lanci talks about the latest positioning by the CTA (commodity trading advisors) in the gold market as we approach the election and this year's BRICS meeting.
2024 has been an historic year for the gold market. As the price broke the $2,000 level, went through $2,100, and even despite some pullbacks along the way, kept on going until it reached its current level of over $2,500.
Now that the gold price has hit the $2,500 level again and traded around it for the past week, what's next for the gold market?
Throughout an historic gold and silver rally in 2024, one of the standout features was that there was heavy buying by China, central banks, and investors in the east. Yet little interest in the west, where the ETFs have seen consistent...
The gold price traded lower this week following the stock market volatility around the unwinding of the Yen carry trade.
After another severe 2-day selloff in gold and silver the prices have stabilized as of Friday morning. And in today's show, Vince Lanci looks at who's actually been buying, and who's been selling.
Just a few days ago while both gold and silver were selling off sharply to end the week, many precious metals investors were concerned about another downturn.
After a somewhat volatile trading session in the far east last night, the silver price is down another 30 cents, while gold is trading $2 lower.
Gold and silver prices continued their sharp selloff on Friday morning, which follows a selloff in the stock markets this week.
In the first half of 2024 we've seen India repatriate 100 tons of gold from London, while also adding to their gold reserves at the fastest pace in the last 2 years.
