GoldCore News

Interview with Mark O’Byrne: Gold Down 1% In Week; Up 6% In August and Up 17% YTD; ‘Most Probably Correct’ So Cost Average

Dale Pinkert interviews Mark O’Byrne about GoldCore, gold’s outlook, bank and electronic risk, bitcoin and cryptos and Swiss storage “Don’t just count your pips, bullion coins and bars … count your blessings” Gold is 6% higher in August and may correct in the short term so cost average Deutsche Bank is a “basket case” and […]

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Gold Steady At $1,500 As Russia Buys Another 300,000 Ounces Of Gold In July

Russia increased it’s gold reserves by another 300,000 ounces in July and its gold reserves are now worth $101.9 billion Total amount of Russian gold reserves rose 0.4% in July, reaching 71.3 million ounces or 2,218 tons as of August 1 Official figures show gold now accounts for 19.6% of the total reserves of the […]

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Buy Physical Gold ‘At Any Level’ Says Mobius As It Will Go ‘Up, Up and Up’

“Gold’s long-term prospect is up, up and up, and the reason why I say that is money supply is up, up and up” Respected investor Mark Mobius gave a blanket endorsement for investors to buy physical gold Mobius recommended a 10% allocation to gold bullion and warned against gold ETFS which are “susceptible to government […]

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Gold and Silver Prices Move Above Key $1,500 and $17 Levels Again

News and Commentary Gold reclaims $1,500 mark as focus turns to Fed Gold steady after slide below key $1,500 level Gold slips 1% as equities, U.S. Treasury yields rise Wall St. rallies on stimulus cheer, Apple leads tech gains Powell gets the chance this week to make up with markets after his ‘midcycle adjustment’ We […]

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Gold 1% Lower At $1,497 After Third Week Of Gains

Gold prices dip on firmer dollar, stocks Gold prices fall on stronger dollar, equities Papua New Guinea Aims to Retain 30% of Exported Gold, May Change Currency Pegs India’s central bank demands more enthusiasm for gold paperizing campaign Blenheim Palace ‘installs £1million 18-carat gold toilet for visitors’ How modern monetary theory could spike a new […]

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Gold Nears Record Highs In Euros as Deutsche Falls To New Record Low Showing Bank Contagion Risk

* Gold has consolidated on recent gains this week and has crept higher in all major currencies (see LBMA prices below) and is nearing all time record nominal highs in euros * Deutsche bank’s new record low at €5.80 underscores German and European banking contagion risk * FTSE 100 opens slightly higher after trading delay […]

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Gold Consolidates Over $1,500 As Trump Calls The Fed “Clueless” and “Crazy” and Links Trade Wars to Hong Kong

* Gold prices consolidated today, after gold gained nearly 1% yesterday on safe-haven buying as stocks globally fell yesterday and today. * The historic drop in long-term U.S. bond yields could portend a global recession which is impacting risk assets and seeing investors diversify into gold. * China has curbed gold imports according to anonymous […]

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Gold and Silver Prices Resilient Over $1500 and $17 Despite Sharp Selling On COMEX Yesterday

* Gold is 0.8% higher to $15,14/oz and silver is 1.24% higher to $17.20/oz * Gold has consolidated just over the $1,500 level finding support after mor poor economic data from China and Germany raised fears of a global recession * CME raised gold margins from $4k to $4.5k or 12.5% yesterday Gold sheds 2% […]

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Gold and Silver Fall Sharply From 6 Year and 18 Month Highs After Massive Selling In The Futures Market

* Gold and silver fell sharply from six year highs and 18 month highs and fell 0.7% and 0.6% respectively * Massive concentrated selling in the futures markets saw both precious metals fall very rapidly from $1,534/oz and $17.51/oz to as low as $1,487/oz and $16.71/oz * Silver had gone above a 1 and half […]

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Gold Surges To $1,512 At Open In Asia, Falls To $1,488 At Open In London, Then Moves Over $1,500 Again

* Gold up nearly 6% so far in August after 3% gain last week * Gold futures traders increase net longs in COMEX gold * Volatile trading overnight saw gold go higher, lower and then higher again as gold seeks to consolidate at $1,500/oz (see gold in yellow in chart above) NEWS & COMMENTARY Gold […]

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Gold Holds Above $1,500 As Central Banks Lose Control and China Continues to Buy Gold Bullion

NEWS & COMMENTARY Gold and silver are 4% and 4.7% higher respectively for the week so far Gold ends lower but holds firmly above $1,500; Silver loses grip on $17 Gold dips, taking a breather after surpassing key $1,500 level China Increases Gold Reserves & Diversifies From The Dollar European stocks seen lower on trade […]

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Jim Rogers Video Interview: Buy Gold Coins and Silver Coins as Global Crisis Is Coming

◆ “Get knowledgeable and get prepared as this crisis is going to be the worst in my life time” ◆ “I own physical gold and silver coins … everyone should own them” ◆ “I own Chinese, Russian, American, Australian, Austrian silver coins” and “I own UK and other gold coins” ◆ “Singapore has been and […]

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Silver Surges 4.6% To $17.19/oz and Gold Gains 2.4% To $1510/oz as Markets Wobble

NEWS & COMMENTARY Silver prices book largest daily rise in 3 years as gold ends 2.4% higher Gold touches 6-year high; Rush into US bonds sinks global stock markets China Scoops Up More Gold for Reserves During Trade War Growing fears of world recession haunt global markets Fed’s Evans signals support for reducing borrowing costs […]

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Gold Surges Over $1,500/oz as Investors Seek Shelter From Gathering Storm

via Bloomberg via Yahoo Finance Gold futures rallied above $1,500 an ounce on sustained demand for the traditional haven as the U.S.-China trade war festers, global growth slows and central banks around the world ease monetary policy. The metal advanced as much as 1.3% to $1,503.30 an ounce on the Comex, the highest since 2013. […]

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Gold Surges To $1,475/oz and All Time Record Highs In Pounds, Yen, Canadian and Australian Dollars

Gold prices have surged in dollars and all currencies due to the escalation in the trade wars and a return to currency wars between China and the U.S. Gold surged as much as 2% in dollars yesterday and has consolidated on those gains today. It is gold’s highest level in dollars in more than six […]

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Gold Surges To 6 Year High As Trade and Currency Wars Intensify

NEWS & COMMENTARY Gold Firms Near 6-year Peak as Trade Tensions Trigger Safe-Haven Bets Gold Surges to 6-year High as Trade Worries Lift Safe-Haven Bets U.S. Treasury Designates China as a Currency Manipulator US Labelling China ‘Currency Manipulator’ to Shake Global Financial Markets – People’s Bank of China China Media Says U.S. ‘Destroying International Order’, […]

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“We Expect This Selloff To Be Short and Relatively Shallow” said GoldCore

NEWS & COMMENTARY Gold surges nearly 2% after Trump says U.S. will impose new tariffs on Chinese imports “We Expect This Selloff To Be Short and Relatively Shallow” – GoldCore via Blomberg Central Bank Hunger for Gold Lifts Demand to Three-Year High Gold demand leaps to 3-year high as prices surge – WGC Ted Butler […]

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Fed’s Stock Bubble and Why Central Banks Blind Us To Risk

The Federal Reserve dropped interest rates by 0.25% and the U.S. stock markets fell from all time record new highs. They also signaled to a surprised market that this is by no means an ongoing trend. The markets had to do a double take and were not enamored. The Fed has turned dovish from a […]

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Gold and Silver Are “Safe Haven Money” and Have Never Failed Throughout History – Silver Guru

– “I feel called to this … I feel it is my duty to educate as many people as possible” – The Fed is engaged in “extend and pretend” but we are in the “end game” – U.S. bonds are no longer safe due to negative yields and the risk of massive currency depreciation – […]

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Gold Futures Fall, Stocks Fall After Expected Fed Interest Rate Cut

NEWS & COMMENTARY Gold futures finish with a loss after Fed cuts interest rate as expected Gold falls as Fed rate outlook disappoints Fed cuts rates, signals it may not need to do more Wall Street unimpressed by Fed’s expected rate cut Fed cuts interest rates by quarter-point and ends quantitative tightening early US Fed: […]

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Gold and Silver Steady Ahead of Fed; Up Over 3% and 7% In July

NEWS & COMMENTARY Gold marks longest string of gains in 5 weeks ahead of Fed decision Silver on pace for best monthly gain since December, up more than 7% Gold prices hold steady ahead of Fed verdict Euro zone second-quarter growth halves, inflation slows despite jobless at 11-year low Swiss National Bank reports H1 profit […]

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Gold Surges To £1,175/oz, Near Record £1,179/oz In GBP, As Sterling Falls Sharply

Gold prices have surged in British pounds today as sterling fell sharply on concerns that Boris Johnson may lead the UK and EU into a “hard Brexit.” Gold surged to 1,175/oz and nearly touched the all time record nominal high of £1,179/oz as the pound fell on international markets. Gold gained nearly 0.5% in dollars […]

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US, EU and China To Revalue Gold In New ‘De Facto’ Gold Standard

US, EU and China could pursue joint revaluation of precious metal By Willem MiddelkoopOfficial Monetary and Financial Institutions Forum via OMFIFLast year 22 central banks, situated largely to the east of Germany, bought the largest amount of gold since 1967, the year the London Gold Pool collapsed. The gold repatriations by many European countries of […]

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Gold At 6 Year High In Euros At €1,288 as ECB Says Outlook Is “Worse and Worse”

Gold rose to a six and a half year high in euros at €1,288/oz yesterday prior to giving up the gains as it succumbed to profit taking in volatile trading during and after the ECB meeting. Gold spiked to its highest level since 2013 in response to the more dovish ECB policy statement. It then […]

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Four Great Gold Advocates: Bill Murphy, Dave Collum, Rob Kirby and Dave Kranzler on Gold

via GATA Four great gold advocates were brought together on YouTube today by Phil Kennedy of Kennedy Financial to discuss the gold market and the excellent prospects for the precious metals. Roundtable participants include: – Bill Murphy, GATA Chairman – Rob Kirby of Kirby Analytics – Dave Kranzler of Investment Research Dynamics in Denver – […]

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Gold Gains On Weak Euro Zone and U.S. Data, Ultra Loose Monetary Policies and Middle East Risks

News Gold gains as downbeat economic data feed prospects for easier monetary policies by central banks Gold rises on Fed rate cut bets, weak euro zone data Gold crawls higher on Middle East tensions; dollar rally caps gains US Manufacturing PMI Slumps To 10-Year Low, Business Outlook Worst On Record Euro slides to two-month low […]

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Silver Prices At 1 Year High Over $16.50 Per Ounce

Silver prices settles at their highest since June 2018; 7 days of gains in 8 trading sessions Silver has surged over 9% so far in July; from $15.10/oz to $16.50/oz Silver rose again yesterday, its 7th gain in 8 sessions, which saw the September contract gain another 6.5 cents, or 0.4%, to settle at $16.48 […]

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Deutsche Bank Posts Q2 Net Loss of 3.15 Billion Euros

News and Commentary Deutsche Bank Posts Second-quarter Net Loss of 3.15 Billion Euros Gold Futures Fall; Silver Ends at a More Than 1-year High Gold Holds Steady as Weak U.S. Data Offsets Strong Dollar Stocks Rise on Earnings; Sterling Falls Boris Johnson, UK PM Pledges to Deliver Brexit in Just Over Three Months Silver Is […]

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Gold Consolidates Near All Time High In Pounds – Prime Minister ‘BoJo’ Cometh

Sterling is under pressure today and gold near all time record highs in sterling (see chart) due to the likelihood that Britain’s ruling Conservative party will elect Boris Johnson (aka ‘BoJo’) as its new leader and Prime Minister today. The result of the weeks-long internal party election will be announced today and there are increasing […]

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Silver At 13 Month High At $16.30/oz As Gold Also Gains

News and Commentary Silver Closes at 13-month High as Gold Ekes Out a Gain Gold Steady as Big Rate Cut Bets Fade, Analysts Eye Further Upside Gold Looks for Direction After Hitting 6-year High Iran Says It Arrests CIA Spies, Gulf Tensions SimmerSilver Seeks to Catch Up With Gold – Holmes It’s Now Smart to […]

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PIMCO: “Currency Cold War” May See Gold Soar Higher

One of the most well informed investment analysts in the business, Joachim Fels, has warned that we are in a “currency cold war” which may see gold soar much higher. Fels is the global economic adviser at Pimco – the Californian bond asset management behemoth which has $1.76 trillion in assets under management. Yesterday he […]

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Silver Rallies to Its Highest in Over a Year, Plays ‘Catch Up’ to Gold’s Gains

Silver prices could hit $30 in the next 18 months. Silver is on a tear. Up 1.4% yesterday with plenty more in the tank. We had been expecting silver to awaken in a strong move higher, almost as if it was caught napping, while the world watched gold push through previous boundaries with conviction. Silver’s […]

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Ray Dalio Warns A “New Paradigm” Is Coming: “Buy Gold, Sell Stocks”

Ray Dalio the American billionaire investor, hedge fund manager, and founder of investment firm Bridgewater Associates, one of the world’s largest hedge funds believes that it is “both risk-reducing and return-enhancing to consider adding gold to one’s portfolio.” In an article written in LinkedIn today, Dalio highlights the following 4 key developments that are likely […]

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Europe Circumvents U.S. Sanctions On Iran

Europe has found a way of circumventing U.S. sanctions on Iran. The governments of France, Germany and the United Kingdom have developed a special purpose vehicle (SPV) to enable European businesses to maintain non-dollar trade with Iran without breaking U.S. sanctions. That SPV, known as INSTEX, is now up and running. The three governments announced […]

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Gold Climbs, but Not Because of Trade Wars

Gold is moving higher and steadily so. It’s hold north of $1,400 is impressive and worrying at the same time. We have seen record flows of late, with long term safe haven demand rising a pace. It was Germany last week and China this week, the flow of disappointing indicators is now gathering pace.  China […]

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Why Gold Prices Have Climbed to Their Highest Since 2013

Dovish statements from global central banks recently aren’t the only reason for gold’s rise past $1,400 an ounce this week to levels it hasn’t seen in nearly six years. “Gold is a global market and U.S. monetary policy, while important, is not the only driver of performance,” Juan Carlos Artigas, director of investment research at […]

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Facebook Should Link its Libra Cryptocurrency to Gold – Steve Forbes

Billionaire publisher Steve Forbes wrote a letter to Mark Zuckerberg last week encouraging Facebook to back Libra with gold: Dear Mr. Zuckerberg: Your company made big headlines when it announced it would be launching a cryptocurrency called the Libra in 2020. Not surprisingly, given the nature of the times, the project has been greeted with intense criticism […]

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Fed’s Powell explains why a return to the gold standard would be so damaging to the economy

“If you assigned us [to] stabilize the dollar price of gold, monetary policy could do that, but the other things would fluctuate, and we wouldn’t care,” Powell says. Though Powell distanced himself from the Fed nomination process, his comments put him at odds with the writings of Judy Shelton, a current nominee to the central […]

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Why the Gold Rally Is Set to Run

A confluence of factors is leading to a rally in gold prices that could last for several years. It’s all systems go for gold investors. The bullion market is stirring from a multiyear slumber and looks set to enter a sustained rally, experts say. Double-digit increases within the next 18 months may be only the […]

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Poland’s Central Bank Increases Gold Reserves by Over 125 Tonnes

Gold reserves of the National Bank of Poland (NBP) have risen by 125.7 tonnes to 228.6 tonnes, the bank announced on Friday. NBP governor Adam Glapiński added that that it had been possible to take action to repatriate a significant portion of Poland’s gold. The central bank announced on Friday that it had “carried out […]

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Global Gold Alert: Is Your Gold S.A.F.E. ?

GOLDNOMICS PODCAST (Episode 12) Watch Podcast Here or Listen on Apple Podcasts, SoundCloud or Blubrry It is now time to move to own actual physical gold coins and bars Become your own central bank and avoid ETF and online gold Take delivery and own gold and silver bullion the S.A.F.E. way Gold ETFs, online gold […]

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Poland’s Central Bank Increases Gold Reserves By Over 125 Tonnes

News and Commentary Poland’s Central Bank Increases Gold Reserves by Over 125 Tonnes Poland Central Bank Gold Reserves Rise Sharply in the Month of June Gold Prices Drop, Log a Loss of 1% for the Week but Close Over $1,400 Deutsche Bank Will Exit Global Equities Business and Slash 18,000 Jobs in Sweeping Overhaul Domestic […]

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Gold Falls 2.2% After Good Jobs Number Lessens Expectations of Interest Rate Cut

Good non-farm payrolls number suggest Fed may not loosen Gold was set for seventh weekly gain prior to sharp selling today Should put more than ‘5%-10% of your portfolio in gold’ today Gold futures market participants have used the better than expected jobs number to push gold prices lower today. The dollar has strengthened somewhat as expectations […]

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Gold At 6 Year Highs and Set For 7th Weekly Gain, Longest Stretch of Gains in 8 Years

by Bloomberg News Non-farm payrolls could provide clues on the Fed’s next move Gold bullion set for seventh weekly gain as looser policy expected Should put more than ‘5%-10% of your portfolio in gold’ today Gold is headed for the longest stretch of weekly gains since 2011 as investors count down to the release of […]

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Gold and Silver Will Surge to Record Highs Over $1,900 and $50 Per Ounce – IG TV Interview

Mark O’Byrne, founder at GoldCore, gives IG TV’s Victoria Scholar his outlook for gold and silver prices and why he believes they will surpass their record nominal high prices of 2011 in the coming years. Gold is overbought and may go lower or higher in the short term, but the many financial, geopolitical and monetary […]

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Gold Prices Could Reach Fresh 6-year Highs Thanks to a Slew of Positive Drivers

News and Commentary Gold Futures Score Highest Finish in Over 6 Years Gold Steadies as Stocks Surge; Growth Risks, Rate Cut Bets Lend Support Major Averages Close at Record Highs on Dovish Fed Hopes Trump Fed Pick Wants to Revive the Gold Standard Russian Central Bank Lowered Its Gold Purchase Price to Encourage Exports, Governor […]

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Gold Buyers Are “Having Difficulty Getting Their Gold and Their Cash” – Jim Willie Interview Part 2

Avoid Online Gold, Take Delivery and Own Fully Segregated Gold Coins and Bars – Some gold buyers and investors in online gold platforms are “having difficulty getting their gold … and their cash” – “Hearing more and more unfortunate stories and I will not mention names” – Jim Willie – Physical gold and silver are […]

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Gold Gains 2.5% Overnight as Global Growth Worries, Trade Tensions Linger

News and Commentary Gold Rises 2.5% as Global Growth Worries, Trade Tensions Linger Trump’s Federal Reserve Seat Nominee Shelton: Advocates for a Return to the Gold Standard; Critic of the Central Bank Trump to Nominate Judy Shelton, Christopher Waller to the Federal Reserve EU Leaders Choose France’s Lagarde for Ecb After Marathon Summit Europe Circumvents […]

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London House Prices Drop Eight Quarters In A Row

News and Commentary UK Housing Market Weak and London House Prices Drop Eight Quarters In A Row UK Construction Sector Suffers Worst Month in 10 Years as Brexit Bites Gold Rises on Global Growth Worries, US-EU Trade Conflict US Shares Hit Record and Gold Drops as Trade Talk Hopes Rise Wave’ of M&A Will Hit […]

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Gold Falls 1.4% As Trade Truce Sees Gold Futures Sold Overnight

GoldCore Note Gold fell 1.4% from a six year high to back below $1,400 at $1,390 an ounce today as traders took profits and sold gold futures after the U.S. and China agreed to a trade war truce. Risk assets like stocks got a bounce higher while safe havens like gold and the Swiss franc […]

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Credit Suisse: Gold May Retest Record High of $1,921

GoldCore Note Gold prices are marginally higher today and look set to have their best monthly gain since June 2016. Spot gold was up 0.2% at $1,413.60 per ounce in late morning trading in Europe. Gold has risen over 8% this month so far. A monthly close above $1,400/oz will be positive from a technical […]

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Gold Standard Cometh In This The Multi Polar, Asian Century (Part I) – Jim Willie Interview

-The Global Monetary RESET will see the “Third World” dollar sharply devalued and paper wealth and assets including stocks and bonds lose significant value – The ‘Gold Standard’ jigsaw: the global monetary pieces are falling into place as China quietly moves to re-establish some form of Gold Standard – The legs of the Gold Standard […]

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Gold “Vulnerable to a Correction in the Short Term … Prior to Month-end” – Goldcore

GoldCore NoteGold prices look set for their first decline in seven trading days today. Gold fell over 1.1 per cent during Asian trading hours and has remained weak in European trading.  Gold fell as traders took profits on their recent rapid gains. A slight change in the Federal Reserve’s ‘mood music’ with hints that aggressive interest […]

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Gold Jumps to Highest in Six Years at $1,436 – Safe Haven Demand as Rising Risks

GoldCore Note Gold surged over $1,436/oz this morning, it’s highest level in almost six years as an escalation of US sanctions on Iran added to heightened geopolitical uncertainty and uncertainty in global markets. Market participants are also concerned about the G-20 summit this weekend where it is hoped that President Donald Trump and China’s Premier […]

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Gold Hits New 6 Year High on Dovish Central Banks and Iran Risk

News and Commentary Gold Hovers Near Six-year High as Dovish Central Banks, U.S.-Iran Tensions Fuel Demand Gold Gains to Near Highest Since 2013 as Bulls ‘back in Control The Gold ETF Continues to Set New Highs as Commodities Rebound and the Dollar Slumps Iran Says It Will Confront Any U.S. Threat, Trump Eyes New Sanctions  […]

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If Gold Pulls Back, It Will Most Likely “Be Short and Shallow” – GoldCore

GoldCore Note Gold prices surged to a new six-year high today after markets digested the U.S. Federal Reserve signalling a move to looser policies and other central banks including the ECB made similar dovish signals. The Fed said it was ready to cut interest rates as soon as this July due to the very uncertain […]

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Gold Prices Surge Nearly 3% to 5 Year High At $1,385/oz After Fed Turns Dovish

GoldCore NoteGold prices surged nearly 3% to a high of $1,385/oz, their highest in more than five years today after the U.S. Federal Reserve adopted a more dovish tone. The Fed signaled possible interest rate cuts this year which sent risk assets higher, U.S. Treasury yields and the dollar lower. Gold gains in dollars have […]

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Gold Surges To All Time Record Highs At $1,974/oz In Australian Dollars

GoldCore Note Gold is lower in dollars today despite increasingly dovish signals from the Federal Reserve, ECB, Australian central bank and other central banks as economies slow. Gold has surged higher in Australian dollars again this week and reached a new all time record high in the Aussie dollar yesterday at $1,974/oz. This is due […]

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Gold Rises In All Currencies – Gains 1.6% To £1,079/oz In GBP, Near 7 Year High

GoldCore Note Gold prices have risen in all currencies today and especially in British pounds with gold having risen 1.5% to £1,078/oz. Concerns regarding the weak UK economy and Brexit fears continue to weigh on sterling. More loose monetary policies are making gold attractive again as are the elevated economic and geopolitical risks which are […]

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Gold, Silver Primed For Break Outs as Recession Looms

GoldCore Note Gold and silver have weakened today and have fallen from the 14 month high seen on Friday. Spot gold was down 0.4% at $1,338.30 per ounce in early U.S. trading. It surged to $1,358.04 on Friday, its highest level since April 11th, 2018. The return of risk appetite as seen in gains for […]

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Gold Breaks Above $1,350, €1,200 and £1,060 – Risk Of War In The Middle East

GoldCore Note Gold prices jumped another 1% today, surpassing the key $1,350 level for the first time since April last year. Gold made strong gains in all currencies including the euro and the pound, rising above €1,200 and £1,060 per ounce respectively. Poor economic data from China, the UK, the EU and the United States, […]

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Gold Price Will “Scream” and See $1,700 “Quickly” Says Billionaire Paul Tudor Jones

via Bloomberg Paul Tudor Jones, the Tudor Investment Corporation founder, believes that gold is the best trade and is going to “scream” over the next year to two years. He outlines his reasons why with Bloomberg’s Vonnie Quinn on Bloomberg Markets. “The best trade is going to be gold. If I have to pick my […]

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An “All Out Trade War” Is Most Definitely Not “Priced In” – GoldCore

Gold Driven to Higher Ground as Investors Weigh Trade War, Fed Gold Posts Back-to-back Session Gains, Buoyed by Worrisome Geopolitics Gold Gains as U.S.-China Trade Woes Subdue Risk Appetite Oil Sinks 4% to $51.14 on Rising US Crude Stockpiles, Fear of Faltering Demand Trade Tensions Push Wall St. Lower, Rate Cut Hopes Limit Losses Watch […]

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Gold Moves Higher Again As US-China Trade War Impacts Stocks

GoldCore Note Gold prices have moved higher today after hitting a one-week low yesterday. Renewed worries over the U.S.-China trade war and its impact on the global economy are pushing gold higher. Stocks globally have fallen as risk aversion creeps back in as the trade war escalates, increasing the appeal of gold bullion as a […]

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Start Preparing For Inflation Today

For the left, all private property becomes fair game… Don’t delay and start preparing your finances now Left wing governments may be elected – Where is safe to invest? The UK is still as divided as ever over Brexit and a nasty shock lurks around the corner Corbyn is not investor-friendly: Real risk of inflation […]

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Risks Rising That Dollar May Lose Its Special Global Standing

Gold Drops, Ending Nine Day Rally Gold Drops From 14-month High as U.S.-Mexico Deal Lifts Risk AssetsEuropean Banks Have Paid Over 20 Billion Euros to the ECB Since Negative Interest RatesTrump Ready to Slap More Tariffs on China After G20 Meeting More China Tariffs Could Push the US Into a ‘Trump Recession,’ CEO Says Watch […]

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Gold To Reach 6 Year High Over $1,400 on Uncertain Outlook for Global Markets

by Bloomberg Gold is finally gaining the traction needed to boost prices to a level not seen since 2013 as concern mounts over increased trade war tensions and the global growth outlook. Bullion may touch $1,400 an ounce this year as investors hedge risk, according to Rhona O’Connell, head of market analysis for EMEA and […]

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China Is Buying More Gold – Reserves Grow for 6th Straight Month

Gold Market Stretches Gains to 8th Session After Weak Jobs Growth   China’s Gold Reserves Grow for 6th Straight Month Trump Is ‘perfectly Happy’ to Hit China With New Tariffs if Xi Meeting Doesn’t Go Well: Mnuchin Oil Just Had Its Worst Run Since 2008 Global Trade Heading for Worst Year Since Financial Crisis – […]

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Gold Jumps To $1,345 Per Ounce As U.S. Only Created 75K Jobs In May – Weekly Gain Now 3%

Gold Is 3% Higher This Week As Dollar, U.S. and Global Economy Weaken Gold prices jumped to $1,345 per ounce soon after the U.S. non farm payrolls showed that the U.S. created a meager 75,000 jobs in May, taking it’s weekly gain to 3%. Gold prices consolidated on this week’s 2.2% rise by today and […]

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Gold on Track for 7 Day Winning Streak as Dollar Slumps

Gold Extends Gains to a 7th Session, the Longest Winning Streak in Over a Year Gold Climbs Towards 2019 Highs on Expectation of Fed Rate Cut NY Fed President John Williams Rails Against Low Inflation and Calls for Central Bank Action Trump to Decide on $300 Billion China Tariffs After G20 Meeting Dollar Dump? Russia […]

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Gold Rises to 15 Week High At $1,344/oz After Terrible U.S. Jobs Data

Gold Settles at a 3 1/2-month High After ADP Report Reveals Very Weak Hiring Gold Rises to 15-wk High as Trade-conflicts, Rate Cut Hopes Fuel Demand Wall St. Climbs as Weak Private Jobs Data Boost Rate Cut Hopes Fed Says Contacts Worry About Trade War; Economy Growing Modestly Gold at 3-month High Amid Rate-cut Expectations […]

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Gold Firm At $1,340/oz After 5 Days of Gains – Fed Takes It To 3 Month High

Gold has moved marginally higher again today after 5 days of gains and remains firm near a three month high at $1,340/oz. Gold is being supported by the dovish comments from the Fed which have lifted expectations of an interest cut. The U.S. economy is slowing and this is putting the dollar under pressure as […]

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India’s Gold Imports Jumped 49% In May

Gold Notches 5th Straight Session Climb, Longest Run of Gains Since January Gold Steadies After Hitting Near 3-month Peak on Rate Cut Hopes Venezuela Defaults on Gold Swap With Deutsche Bank  ‘Buckle Up!’ When Oil and Gold Trade Like This, It Usually Spells Doom for the Market  Stanley Druckenmiller Sold Everything and Bought Treasurys After […]

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Gold Hits 10 Week High At $1,328/oz as Trade Wars Spur Safe Haven Demand

Gold has consolidated on yesterday’s gains and is marginally higher as risk aversion creeps back into markets. Gold rose 1.5% yesterday to its highest level in more than three months. Concerns that trade wars look set to escalate globally and fears that President Trump’s threat of tariffs on Mexico will hurt the global economy are […]

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‘Flight to Quality’ and Gains for Safe Haven Gold – GoldCore

Gold Extends Win Streak to Fourth Day, Ending at More Than 3-month High Gold Hits 10 Week ‘Peak’ as Trade Fears Spur Safe-haven Interest Dollar Dips on Increased Expectations of a 2019 Fed Rate Cut U.S. Manufacturing Activity Grows at Slowest in Two-and-a-half Years: ISM ‘Flight to Quality’ and Gains for Safe Haven Gold – […]

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Gold Sees Safe Haven Gains As Stocks Fall Sharply and Deutsche Plummets

Gold rose to a two week high and was higher in most currencies today after Washington’s threat of tariffs on Mexico exacerbated fears of a global trade war and recession, which saw a ‘flight to quality’ and gains for safe haven gold. Spot gold jumped 0.9% to $1,298.80 an ounce this morning, its highest since […]

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Gold At 2 Week High and May Rise As High As $5,000 – Thomas Kaplan

Gold Futures Settle at a Roughly 2-week High Gold Rebounds to Two-week Peak as U.s. Data Boosts Fed Rate Cut Hopes Malaysia’s Mahathir Proposes Common East Asia Currency Pegged to Gold Oil Falls to Two-mth Lows on Small U.s. Crude Stock Draw, Trade War Worries U.S. Fed Buys $29 Million of Mortgage Bonds, Sells None […]

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“Heightened Political and Geopolitical Uncertainty Is Also Supporting Gold” – GoldCore

Gold and Silver Settle Higher, Buoyed by Global Stock-market Weakness Gold Draws Support From U.S.-China Trade, Global Downturn Fears Dollar Rises Amid U.S.-China Trade Worries  World Stocks Drop, Bonds Rally as Trade Tensions Fan Growth Fears Bank of Canada Holds Rate at 1.75%, Says Economic Slowdown Likely Temporary “Heightened Political and Geopolitical Uncertainty Is Also […]

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Gold Investment In Switzerland Remains Very Popular

Investors in Switzerland like gold and it is the second most popular investment after property or real estate 20% plan on invest in gold in the next 12 months Almost two-thirds buy or invest in precious metals at their bank; fewer than one-in-ten buy gold online by Alistair Hewitt of the World Gold Council There’s […]

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In Gold We Trust 2019 – Gold in the Age of Eroding Trust

In Gold We Trust 2019 –The Annual Gold Report from Incrementum is Here We are happy to report that the new In Gold We Trust Report (2019) has been released today and the download link can be found at the end of this post. Ronnie Stoeferle and Mark Valek of Incrementum and numerous guest authors […]

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Gold Firms As Trade Worries Sour Risk Appetite

Gold Firms as Trade Worries Sour Risk Appetite; Dollar Caps Gains Silver Settles at Fresh Low for the Year; Gold Drops in Back-to-Back Sessions Gold Prices Off One-week High as U.S.-China Trade Tensions Lift Dollar Global Bond Yields Fall Near Multiyear Lows Top Officials at New York Fed Stepping Down Operation Taking Place to Recover […]

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The Best Way To Invest In Gold

By Dominic Frisby, Money Week Today we’re talking gold. I’m not going to make projections about the price – whether it’s going to go up or down. Instead we’re going to look at the cost of buying and selling gold. How to buy gold on the cheap What’s the easiest, cheapest way to buy gold? […]

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Gold To Tackle $1300, Watch For ‘Deteriorating Data’ — TD Securities

Gold Hits 1-week High on Simmering U.S.-China Trade Spat Gold To Tackle $1300, Watch For ‘Deteriorating Data’ — TD Securities Bitcoin Hits One-year Intraday High, Nears $9,000 Level Centrist Bloc Loses Majority in EU Vote as Greens and Euroskeptics Gain U.S. Navy Pilots Reportedly Spotted Ufos Over East Coast “The Most Destructive Breach in History”: […]

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Grand Canal Dock, Uber and the Tech Bubble – David McWilliams Urges Learn from History

– Uber, Grand Canal Dock, Canals, the New Tech Bubble and the Financial Mania of Today– “Both the canal and railway manias led to ridiculously overvalued companies, whose subsequent crash brought financial ruin to many”– “Yet these technologies did change the world, eventually”– Time to learn the lessons of history by David McWilliams Last week […]

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Gold Prices Build On Weekly Gain – Indian Demand, Falling Stocks, Terrorism, Trade Wars,Economic and Political Uncertainty Supporting Gold

Gold falls, but tallies a weekly gain after reasserting haven role Gold firms above $1,280 as weak U.S. data rekindles rate-cut hopes India gold prices flip to premium as demand picks up Terror fears as ‘parcel bomb’ explosion injures 13 in Lyon, France Dow heads for fifth straight negative week, longest losing streak since 2011 […]

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Theresa May Quits As PM – Gold In British Pounds Reaches £1,015 Per Ounce

Gold in British pounds consolidates over £1,000 per ounce after reaching £1,015 per ounce due to political uncertainty and concerns of a Hard Brexit Theresa May, in an emotional speech outside 10 Downing Street, said she had “done everything” she could to convince MPs to back the withdrawal agreement she had negotiated with the EU […]

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Sterling Down For Record 13th Day on Political Uncertainty and Hard Brexit Fears

Pound extends fall as support for Theresa May evaporates Gold ends modestly higher, edges up further in electronic trade after Fed minutes Fed minutes: No rate moves are coming ‘for some time’ even if the economy improves Trump cuts short infrastructure meeting, blasts Pelosi’s ‘cover-up’ accusation Deutsche Bank shares collapse and executives brace for its […]

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UK’s Massive £5 Trillion Plus Real Debt Will Result In Currency Crisis (GoldCore Video)

While all the focus is on Brexit, the UK faces a debt and currency crisis UK has over $8T in external debt: 2nd largest debtor in the world after the U.S. True UK government debt exceeds £5 trillion as pension liabilities not in official numbers Total UK national nominal debt surged over £2 trillion; Increasing […]

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Own Gold Sovereigns and Britannias (CGT Free in UK) Stored In Zurich With Six Months Free Storage

News Brexit Blues Hit House Prices in Almost Every London Borough Bank of England warns of ‘more frequent’ rate increases than expected Gold posts a modest rise after ending last week at a 2-week low Gold steadies as equities dip, focus turns to Fed minutes Stocks in Asia mixed as US-China trade tensions take a […]

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Brexit Blues Hits House Prices in Almost Every London Borough

News Brexit Blues Hit House Prices in Almost Every London Borough Bank of England warns of ‘more frequent’ rate increases than expected Gold posts a modest rise after ending last week at a 2-week low Gold steadies as equities dip, focus turns to Fed minutes Stocks in Asia mixed as US-China trade tensions take a […]

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Gold Suppression: It’s Not a Question of IF but to WHAT EXTENT

by Frank Holmes via USFunds.com First of all, let me say that gold price suppression (“fixing,” “rigging,” “manipulating” or however else you want to think about it) is not just a conspiracy theory. It’s a well-documented phenomenon, with real actors and real ramifications. In 2014, Barclays was fined nearly $44 million for failing to prevent […]

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Euro Stocks Fall on Trade and Geopolitical Worries

News European Shares Under Pressure From Chipmakers, Ryanair, Trade Worries Gold Near 2-week Low as Dollar Eclipses Safe-haven AppealAsian Shares Steady After Slump, Oil Jumps on Saudi CommentsU.S. Warship Sails in Disputed South China Sea Amid Trade TensionsBitcoin Rally Is Masking Capital Flight From Crypto Exchanges Commentary Brutal Gold Futures Explain Last Week’s Price Decline […]

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Corporate Bonds Could Be a Repeat of the Sub-Prime Crisis

News Gold Turns Lower for Week After Upbeat U.S. Economic Data Gold Set to Post Worst Day in a Month as Equities Rebound Wall St. Rises for Third Straight Day on Data, Earnings Perth Mint Gold and Silver Bullion Sales Weaken in April Di Maio Says Italy Doesn’t Want Debt to Spiral Toward 140% Commentary […]

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3 Charts Warning Investors To Rebalance Portfolios

by Frank Holmes via SeekingAlpha.com Before we get to looking at those three charts, let’s talk about the trade war. On Friday the Trump administration made good on its threat to raise tariffs on as much as $200 billion worth of Chinese imports to 25 percent from the previous 10 percent. The president also said […]

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Gold Pinned Below $1,300; Modest Gain Despite Iran Risks and Slowing Economy

News Gold Settles With a Modest Gain, Remains Pinned Below Gold Steadies as Stocks Retreat; Trade Uncertainty Persists Weak U.s. Retail Sales, Industrial Output Highlight Slowing Economy U.S., European Shares Strengthen After Trump Auto-Tariff Delay Us Orders ‘non-emergency Government Employees’ to Leave Iraq Commentary 3 Charts Warning Investors To Rebalance Portfolios Global Trade Collapsing To […]

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VIDEO: We Have The Power To End Gold Price Suppression – Interview with Chris Powell (Part 2)

– “We are fighting all the money and the power in the world …” – CALL To ACTION: Precious metals suppression is only possible if gold buyers and investors give their money & energy to Wall Street and keep money in banks and in proxy gold such as ETF gold, digital gold and even gold […]

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Trade War and Trump’s Tweets See ‘Change In Attitude’ On Gold

News Trade war spurs ‘change in attitude’ on gold for spooked markets Gold slips from 1-month peak on Sino-U.S. trade talk hopes China’s retail sales growth falls to 16-year low as trade war risks rise Rise of smaller rivals throws up fresh challenge to bitcoin Commentary Why gold’s a ‘bargain’ at less than $1,300 an […]

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Gold Tops $1,300/oz As Trade Wars Escalate and Increased Risk of U.S. War With Iran

* Gold sees safe haven demand push it to highest in one month as it breaches key $1,300/oz and £1,000/oz levels * U.S. China trade wars escalates as China retaliates and imposes tariffs on $60 billion of U.S. goods * Increased risk of war in Middle East after U.S. alleges Iran bombed Saudi oil vessels […]

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Metro Bank Tells UK Customers Their Deposits Are Safe

News Gold tops $1,300 for highest finish in a month, as U.S. stock market drops on trade tensions Gold eyes best day in 3-months as China hits back over U.S. tariffs Trump says he will meet with Xi and Putin at G20 Wall Street dives as U.S.-China trade war escalates Commentary Metro Bank tells UK […]

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Seven Banks Rigging The Multi-Trillion Dollar Foreign Exchange Market

(Reuters) – Barclays, Citigroup, HSBC, JPMorgan and three other banks are set to be fined by EU antitrust regulators in coming weeks for rigging the multi-trillion dollar foreign exchange market, two people familiar with the matter said. The other three lenders are Royal Bank of Scotland, UBS and a small Japanese bank, the people said. […]

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Bitcoin Soars and ECB’s Draghi Warns: Not Currencies, They’re Very Risky Assets

Bitcoin Climbs Above $7,000 as Cryptocurrency Rally Extends Stocks Fall, Dollar Climbs on Trade Talks Deadlock Hackers Steal Over $40 Million Worth of Bitcoin From One of the World’s Largest Cryptocurrency Exchanges India Emerge As Key Cuyer of Uzbek Gold Between Jan-March Tame U.S. Inflation Seen Keeping Fed on the Sidelines WATCH INTERVIEW HERE As […]

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Seven Banks Rigging The Multi-Trillion Dollar Foreign Exchange Market

  NEWS Bitcoin Climbs Above $7,000 as Cryptocurrency Rally Extends Stocks Fall, Dollar Climbs on Trade Talks Deadlock Hackers Steal Over $40 Million Worth of Bitcoin From One of the World’s Largest Cryptocurrency Exchanges India Emerge As Key Cuyer of Uzbek Gold Between Jan-March Tame U.S. Inflation Seen Keeping Fed on the Sidelines Commentary As […]

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Gold Firms As Investors Seek Safety Before U.S.-China Trade Talks

Gold ends higher as global markets retreat Gold firms as investors seek safety before U.S.-China trade talks Dollar down against yen, Swiss franc as trade talks go to the wire U.S. Futures Slip as Europe, Asia Stocks Rebound China’s Central Bank Stocks up on Gold as It Seeks to Diversify Video: End of Gold Price […]

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Video: End of Gold Price Suppression and The Dollar Empire – GATA’s Chris Powell

– GOLD PRICE SUPPRESSION is “the BIGGEST ISSUE in the WORLD … it involves the valuation of all capital, labor, goods and services in the world and these valuations are being set in a really imperialistic and totalitarian way and not in an open and transparent way & we think this is evil WATCH INTERVIEW […]

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“Increasing Volatility” and “Risk-Off Sentiment” Should See Gold “Back Above $1,300 In The Near Future”

“Poor seasonal time for gold is over as we move into May and June and…increasing volatility and risk-off sentiment in the wider financial markets should support gold and see it trade back above $1,300 in the near future” – GoldCore Stocks Resume Slide on Tariff Worries; Dollar Dips China vice premier going to U.S. for […]

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Gold Higher as Trump’s China Tariff Threat Unsettles Markets

Gold finishes higher as Trump’s China tariff threat unsettles markets Gold steadies as Trump’s tariff threat supports dollar Trump’s China tariff threat sends Wall St. lower Stocks reel as Trump tweets on China unnerve markets Trump vows new tariff hike on Chinese goods, escalating tension in trade talks Trade Talks Are Foundering on Mistrust and […]

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Russia Warns U.S. Over ‘Aggressive’ Moves In Venezuela

– Gold ends lower, then climbs after Fed policy update – Fed holds rates steady, citing lack of inflation pressure – Dow and S&P 500 erase gains after Powell dashes rate-cut hopes – Fed sticks with ‘patient’ policy, notes weaker core inflation – cuts interest-rate paid for excess reserves again – Russia warns U.S. over […]

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Fed Is Looking at a New Monetary Experiment Akin To ‘Quantitative Easing’

Stocks Struggle on Weak Earnings; Dollar Edges Up: Markets Wrap (Bloomberg.com) Gold futures post first loss in 4 sessions (Marketwatch.com) Gold slips from more than one-week high as data lifts equities (Reuters.com) Newmont Goldcorp to suspend Peñasquito operations in Mexico due to blockade (Reuters.com) Bart Chilton, former CFTC commissioner and high-frequency trading critic, is dead […]

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