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We are at the halfway point for the week, and gold has been holding around $1940 an ounce. The yellow metal has stabilized—some are calling it “stagnation”, and the first article below looks at how gold and the crypto market are both stagnating at the moment. If you are a stock market investor, we have some news about the gold miners in the market who “find themselves in a perfect storm scenario of rising revenues and falling costs (oil and efficiencies)…there is also a new online tool that enables users to trade precious metals directly with one another. It’s quite a revolutionary breakthrough of technology you don’t want to ignore.
Let’s dig in…

Economy
Here’s Why the Crypto Market and Gold are Both Stagnating
So far, we have seen the total capitalization of the crypto market recede by $16.7 billion over the past week. Bitcoin has lost almost 5% during that time, while the rest of the TOP 10 cryptocurrencies are losing 6-12%. Bitcoin saw a third halving in May, which supports the general investor sentiment as well as miners’ unwavering confidence in the prospects of the Bitcoin. Since the first cryptocurrency last recalculated, the complexity of mining has increased by 3.6%. The process of hash rate growth and…
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Stock Market
Gold Miners Now in the ‘Perfect Storm’ for Investors
“Gold miners continue to find themselves in a Perfect Storm scenario of rising revenues (gold prices) and falling costs (oil and efficiencies). This implies: 1) significant free cash flow generation, and…
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Latest News
New Tool Allows Users to Trade Metals Directly on the Platform
It’s called the Metex Project, and it has become a blessing in disguise for Chinese precious metals traders and investors. With the heavy regulations by Chinese authorities restricting trade products associate with precious metals, many traders have been negatively affected. What Metex does is allow users on the platform to trade metals amongst themselves inside the platform. All listed metals on the exchange are tokenized, meaning they are stored in vaults, but ownership is moved across to whoever holds and controls the tokens. This simple solution is powered by blockchain technology, which enables people all over the world to make trades in real time with each other. Why is Metex Exchange a good option for Chinese metals traders? READ MORE ([link removed])
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Commentary
Video: Gold Investing Amid Dollar Collapse Possibility
Over on YouTube we found a video by Ross Norman from Metals Daily. On this video Norman says negative real US Treasury yields is the driver behind gold’s surge. Norman suspects the gold market will continue after the healthy correction the metals are currently going through. He says high inflation, which seems to be likely, could send gold higher. Silver has been outperforming gold by a long shot. Norman predicts XXXXXXXXXXX …. and what are the chances of a U.S. dollar collapse?

SEE NORMAN’S INSIGHTS REGARDING HOW TO HEDGE AGAINST SUCH A POSSIBILITY ([link removed])

International
India Gold Market Revives—Hits Five Month High in July
Good news for the gold market of India: the yellow metal market hit a five year high in Indian imports as the market returned to a premium. On the domestic side, India’s gold price increased by 11% m-o-m and is 37.2% higher y-t-d. Jewelry demand was supported by weddings and promotions but faced headwinds of gold price rises and recurring lockdowns. Gold bar and coin demand was… READ MORE
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Commentary
July Swiss Gold Exports—Still Zero to China
The July data on Swiss gold exports has been released, and the results back up the flow of gold trends occurring this year. The July figures show zero gold going to China and Hong Kong and only 0.8 tons to India. Past years have seen huge exports of Swiss gold. This year, the destinations for Swiss gold exports were the Western nations, which, for the now, comprise the principal demand for consumption of gold. The USA was be far the… READ MORE ([link removed])
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Thanks,
Gold Silver Central

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