Look Who it Was Random video

Why has the Gold Price Fallen Further? - by Illuminati Silver

4,546 views · Published 4 August 2015 · 5:58 · Indexed 25 September 2026

Channel: The 2% Brief · 2015 · People & Blogs

Watch on YouTube

http://www.illuminatisilver.com

Today is Tuesday 4th August 2015 and we are producing this video to attempt to answer the question, why are gold prices falling further? 

In summary, Gold is down because recent events have led to a reduction in risk aversion. The Greek crisis has been resolved, at least for now and Iran has signed the nuclear deal with the US. 
Fears of an interest rate rise by the US Fed have buoyed the dollar thereby dampening the precious metal market price.

Gold is the least preferred asset class right now and sentiment is at a low ebb. The total gold holdings in SPDR Gold Trust, the largest gold ETF in the world, has come down from 1,291 tonnes in 2012 to just  690 tonnes today, a fall of 47%, reflecting this decline.

China, the largest consumer of gold, has witnessed large scale selling and the fall in user demand from China because of their current economic condition has also influenced price.
In addition, Global consultancy Thomson Reuters GFMS says "seasonal strength between April and June saw India reclaim the top spot in regard to total gold consumption for the second quarter of 2015.
  
India was "easily the biggest consumer of all gold products in the second quarter," the report says, and please listen to this carefully, despite seeing no sizeable change in either jewellery or gold investment demand from a year earlier. China's household demand fell 24% in contrast, with the drop split across jewellery and investment.
 
Frank Holmes CEO of US Global Investors and a regular contributor to Kitco News summarises the position like this, and we quote:

“Besides apparent price manipulation, other factors are affecting gold's behaviour right now, three in particular:

1. The strong US Dollar
2. Interest rates on the rise
3. Slowing Manufacturing Activity

He adds: “China is the 800-pound commodity gorilla, and its own PMI has remained below the important 50 threshold for the last three months, indicating contraction."

He said on Kitco yesterday: “that the metal was acting more like a raw commodity than a safe-haven asset…. the key outside markets are also in a bearish posture for gold and silver, as the U.S. dollar index is higher and crude oil prices are lower." 

Incidentally, Copper and aluminium prices also fell to six-year lows. There is concern of massive deflation after the downbeat economic news coming out of China,”.

As we are entering the Monsoon period in India, the Holiday period in the UK and the west, and historically a ‘low demand’ period for the precious metals over the next 2 or 3 months, we can only, at this time, envisage even lower prices. 

We hope you like this video and found the information useful. If so, please give it a thumb up, comment and if you haven’t already done so, please subscribe. Also please share this on twitter and follow us @illuminatisilv1 and become a friend on our new Facebook Page – illuminati silver.

Please view our other videos:

First Video - Illuminati Silver - Silver prices are going to fall further:
https://www.youtube.com/watch?v=cTvnJhngeDw

World Silver Report 2015:
https://youtu.be/nGujzlP4u0I

Silver prices to fall - Summer 2015:
https://www.youtube.com/watch?v=BdwnugbWma0

Illuminati Silver - advice to New Gold and Silver Stackers:
https://www.youtube.com/watch?v=OTjGk4efxnM

The Truth about Costs of production and Most Silver Miners are not going Bust
http://youtu.be/Q_BNCyZ9LOw

Greece Crisis or Grexit? - No need to panic.
https://youtu.be/dzS4065KWSo

US Mint runs out of Silver Eagles - Don't panic nor be Conned
http://youtu.be/8PkZg3vG_dc

Greek Debt Crisis Update 
http://youtu.be/RLS5VwUMjnk

Iran, Greece, Yellen and Precious Metal Update
http://youtu.be/oGFzIXDufeo

Syria and the Islamic State : History and Update July 2015
http://youtu.be/AIvzCsgFdZM

Why Gold prices fell this morning - 20th July 2015
http://youtu.be/Yqz3J0zUBO4

Mike Maloney Predicts $1000 Gold - We are Flabergasted says Illuminati Silver
http://youtu.be/omoqtlAo_Vc

Trump for President? An interesting Idea by Illuminati Silver
http://youtu.be/wpBNo1VSYuE

What is happening to Platinum? By Illuminati Silver
http://youtu.be/a58lei_u0Jc

1000 Subscribers in 4 months   Thank You from Illuminati Silver
http://youtu.be/r6t3Xvhy6To


Silver Institute highlights slightly higher Silver demand First Half of 2015
http://youtu.be/PSgLk98chhk

Info Wars on the precious metal 'pumpers'? - You decide
http://youtu.be/yXK2wDR6MwQ

Shout Out for a Brother Subscriber - Illuminati Silver
https://youtu.be/AQqpjkK13fQ

Debunking the Fact that Gold and silver prices are up in most of the major world currencies
http://youtu.be/yIZ537G0PsA

More from this channel