Gold Tops $1300 – Best Year Since 2010 As USD Tumbles Most In 14 Years

After tumbling in early December, gold has exploded higher since The Fed hiked rates on 12/13, hitting $1310 today – the highest since Oct 16th.
And as Gold has soared so the dollar index has collapsed…
Interestingly in the last month, Gold and Bitcoin have seen a wild ride – converging again today…
As Reuters reports, the dollar’s drop to three-month lows versus a basket of currencies on Friday lifted gold to its highest since mid October.
Putting the year’s relative performance in context…

This post was published at Zero Hedge on Fri, 12/29/2017 –.


DEC 29

GOLD: $1303.00 up $8.50
Silver: $16.44 up 10 cents
Closing access prices:
Gold $1393.00
silver: $16.94
For comex gold:
JANUARY/
NUMBER OF NOTICES FILED TODAY FOR JANUARY CONTRACT: 137 NOTICE(S) FOR 13700 OZ.
TOTAL NOTICES SO FAR: 137 FOR 13700 OZ (0.4261 TONNES),
For silver:
JANUARY
321 NOTICE(S) FILED TODAY FOR
1,605,000 OZ/
Total number of notices filed so far this month: 321 for 1,605,000 oz
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Bitcoin: BID $14,555/OFFER $14,670 UP $164 (morning)
BITCOIN : BID $14,323/OFFER $14,443 /down $50CLOSING

This post was published at Harvey Organ Blog on December 29, 2017.


A Wall Street Pro’s View On Bitcoin, Blockchain, & Bullion

Paul Brodsky explains the philosophy behind crypto investing…
Paul Brodsky is usually ahead of the curve. He traded options at the American Stock Exchange before they became mainstream, and then moved to mortgage-backed securities at Kidder Peabody in the 1980s.
After he figured out the flaws in the financial system, he became interested in gold – just before its bull run at the turn of the millennium.
Now he sees the next big opportunity, and he joined other seasoned Wall Street professionals at the first full-fledged cryptocurrency hedge fund Pantera Capital.
In this interview, Brodsky tells us how he came to see crypto as the next big thing, and what investors need to know to be successful in the space.
Epoch Times: Tell us more about your background in finance.
Paul Brodsky: What I’ve been attracted to has been where the most interesting aspect of finance was. Initially, when I got into the business it was options.
That ultimately got me into mortgage-backed securities which has a heavy option component.

This post was published at Zero Hedge on Fri, 12/29/2017 –.


Record-Smashing 2017 Ends With Stock Slamfest – Bitcoin, Bonds, Bullion Best

Ugly end…
But on the year, the dollar tanked (worst since 2003), stocks and bonds (the long-end) soared higher, commodities rebounded dramatically, cryptocurrencies exploded, and gold had its best year since 2010 as VIX saw its lowest average in history…
and all that driven by the biggest increase in central bank balance sheets since 2011… anyone else feel like this… (our estimate is we are at around the 30 second mark currently)

This post was published at Zero Hedge on Fri, 12/29/2017 –.


DEC 28/2017/GOLD UP $6.50 TO $1294.50/SILVER UP 13 CENTS TO $16.84/ GOLD EFP TRANSFERS: OVER 11,000/ SILVER EFP TRANSFERS FOR A LONDON FORWARD: OVER 2600 CONTRACTS/GOFO RATES RISE TO OVER 2.15% I…

GOLD: $1294.50 up $6.50
Silver: $16.84 up 13 cents
Closing access prices:
Gold $1294.00
silver: $16.84
For comex gold:
DECEMBER/
NUMBER OF NOTICES FILED TODAY FOR DECEMBER CONTRACT: 138 NOTICE(S) FOR 13800 OZ.
TOTAL NOTICES SO FAR: 9194 FOR 919,400 OZ (28.592 TONNES),
For silver:
DECEMBER
256 NOTICE(S) FILED TODAY FOR
1,280,000 OZ/
Total number of notices filed so far this month: 6403 for 32,015,000 oz
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Bitcoin: BID $13,577/OFFER $13,760 DOWN $1651 (morning)
BITCOIN : BID $14,994/OFFER $15,099 /DOWN $709 CLOSING

This post was published at Harvey Organ Blog on December 28, 2017.


98,750,067,000,000 Reasons to Buy Gold in 2018

98,750,067,000,000 Reasons to Buy Gold in 2018
– World equity index market capitalization touching distance of $100 trillion dollars at beginning of December
– Key indicators across global financial markets are looking decidedly bubble-like
– Little indication that we are through the worst of the financial crisis that started in 2007
– Apparent lack of concern regarding the over-heated and overpriced markets
– Since financial crisis gold has climbed nearly 124% in EUR, 190% in GBP and 98% in USD
– Goldcore’s latest podcast covers gold’s role in 2018 in the land of bubbles
***
Earlier this week Yahoo! published ‘2017: The year the financial crisis officially ended’. In it the author points to record-high stocks and cryptocurrency surges as some of the key indicators that the latest financial crisis is tightly wrapped up and now destined for the history books.
Sadly we don’t agree. Neither does Bloomberg. At the start of the month two Bloomberg journalists explained why they were ‘worried about 2018’. In simple terms – there are so many bubbles on the horizon its not worth stopping to count them.

This post was published at Gold Core on December 28, 2017.


DEC 27/GOLD UP $5.05 RISING $1288.00/SILVER UP 17 CENTS UP TO $16.71/GOLD EFP’S TRANSFER TO LONDON 2056 CONTRACTS/SILVER TRANSFERS; 840 CONTRACTS/MANHATTAN APARTMENT PRICES CRASHING DUE TO NEW TA…

GOLD: $1288.00 up $5.05
Silver: $16.71 up 17 cents
Closing access prices:
Gold $1288.50
silver: $16.73
For comex gold:
DECEMBER/
NUMBER OF NOTICES FILED TODAY FOR DECEMBER CONTRACT: 33 NOTICE(S) FOR 3300 OZ.
TOTAL NOTICES SO FAR: 9056 FOR 905,600 OZ (28.30 TONNES),
For silver:
DECEMBER
8 NOTICE(S) FILED TODAY FOR
40,000 OZ/
Total number of notices filed so far this month: 6403 for 32,015,000 oz
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Bitcoin: BID $15,775/OFFER $15,900 up $98 (morning)
BITCOIN : BID $14,994/OFFER $15,099 /DOWN $709 CLOSING

This post was published at Harvey Organ Blog on December 27, 2017.