Seeking Alpha

Katchum's  Instablog

Katchum
Send Message
Albert Sung is the author of Correlation Economics, monitoring breaking economic news on a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at Ashland, a... More
My blog:
Correlation Economics
View Katchum's Instablogs on:
  • Gold Repatriation Accelerates

    With repatriation of gold in the picture, especially when the Swiss gold referendum vote comes in a few weeks to repatriate their Swiss gold, we need to keep an eye on the gold deposits at the Federal Reserve Bank of New York.

    Each month they issue this report of gold deposits at the FRBNY.

    http://www.federalreserve.gov/econresdata/releases/intlsumm/forassets20141031.htm

    (click to enlarge)

    The value of the gold deposit is calculated at value $42.22/troy ounce.

    Take an example September 2014: 8305 million USD of earmarked gold.

    So you first divide 8305 million USD by $42.22/troy ounce and then you convert it to tonnes. You get 6118 tonnes.

    Now we chart it out over two years and we see that people are not deposition gold in the U.S. Instead they are pulling out their gold from the U.S. FRBNY at a very fast pace. I expect this to accelerate till there is no gold left in the U.S. or something breaks in the rehypothecation scheme.

    Tags: GLD
    Nov 10 8:00 AM | Link | Comment!
  • Gold And Oil Go Opposite Directions

    For the 10th consecutive trading day, oil and gold have moved in opposite directions. And as a result we see that the gold miners are bottoming out at this point.

    I say this is wildly bullish for mining shares. Production costs down, gold revenue up.

    (click to enlarge)

    Tags: GLD, OIL
    Oct 14 12:53 PM | Link | Comment!
  • Buy Soy Beans Or Palm Oil

    I like to buy soy beans when the opportunity comes, because the price drop is only due to a good harvesting season. I also see how people are investing in palm oil, the competitor of soy bean oil. We had a 85% premium buyout of one palm oil producer: New Britain Palm Oil. I'm heavily in Sipef now as it is a cheap alternative to the palm oil producers.

    Tags: SOYB, SISAF, NBPOF
    Oct 12 5:25 AM | Link | Comment!
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.