November 2015 - GoldCore News

Breaking Gold News and Commentary (30 November, 2015)

Black Friday sales in Manhattan Photo: Reuters/Andrew Kelly IMPORTANT NEWS Gold prices under pressure as dollar climbs – The Bullion Desk Gold Heads for Worst Month Since 2013 as Central Banks Diverge – Bloomberg Gold poised for worst monthly dip in 2-1/2 years – Reuters Holiday shopping unlikely to cheer many investors – Reuters IMF to make Chinese yuan […]

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Coming of Age: China’s Yuan Joins SDR Basket As IMF Reserve Currency

Christine Lagarde and the IMF Executive Board recently announced their intention to include the Chinese renminbi (RMB) in the Special Drawing Rights’ (SDR) valuation formula.  This would bring the Chinese currency into an exclusive group – alongside the US dollar, the euro, the British pound and the Japanese yen – of 5 global currencies that make […]

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Breaking Gold News and Commentary (27 November, 2015)

IMPORTANT NEWS Gold close to lowest in nearly six years on stronger dollar – Reuters Gold flat as US celebrates – Proactive Investors Indian gold demand seen falling to 8-year low in festive quarter – Reuters Gold Trades Sideways in Asia – WSJ Gold Heads for Sixth Weekly Decline as Fed Rate Decision Looms – Bloomberg IMPORTANT ANALYSIS The falls […]

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Breaking Gold News and Commentary (26 November, 2015)

IMPORTANT NEWS Most U.S. Stocks Gain With Dollar on Strong Data as Oil Climbs – Bloomberg Gold ends lower as U.S. data maintains rate-hike expectations – MarketWatch Sell gold because of Draghi? That’s ridiculous – CNBC Gold inches down, as mixed data provides few clues on rate hike timing – Investing.com The gold that’s as light as AIR: New […]

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Breaking Gold News and Commentary (25 November, 2015)

A total of 4,166 Roman coins found in excellent condition in Ueken, Switzerland (AFP Photo) IMPORTANT NEWS Gold rises 1 percent on softer dollar, Turkey-Russia tensions – Reuters Gold Ends Higher As Middle East Tensions Spur Haven Demand – WSJ Gold extends gains on geopolitical tensions but US rate view drags – Reuters Asia Stocks Slip as Syria Angst Buoys Gold; […]

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Breaking Gold News and Commentary (24 November, 2015)

Richard Russell, Dow Theory Letters (Photo: Bloomberg/Family photo) IMPORTANT NEWS Gold, silver, platinum at multi-year lows on robust dollar, Fed view – Reuters Gold Falls on Stronger Dollar, Negative Sentiment – WSJ Gold posts lowest close since February 2010 – MarketWatch Gold drops towards 6-year low on dollar, US rate hike view – Reuters Richard Russell, Publisher of Dow […]

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Breaking Gold News and Commentary (23 November, 2015)

IMPORTANT NEWS Gold extends losses on US rate hike view, stronger dollar – Reuters Gold ends lower, logs fifth weekly loss in a row – MarketWatch Copper Slumps Below $4,500, Nickel Plunges 5% as Metals Slide – Bloomberg Gold Drops on Outlook for Rates as Silver Slumps to Six-Year Low – Bloomberg Hedge Funds Are Back to […]

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Mine Production Stagnates As Silver Coin Demand Hits Record High

Thomson Reuters has released their interim Silver Market Review including provisional supply and demand forecasts for 2015. Highlights from that report include: – Total silver supply is forecast to fall to 1,014.4 Moz* in 2015, down 3% – Silver bullion coin sales at record high, up 95% year-on-year – Coin demand should account for 12% of physical […]

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Breaking Gold News and Commentary (20 November, 2015)

Treasure from the Spanish galleon Nuestra Señora de Atocha, found in 1985. (Photo: courtesy Mel Fisher) IMPORTANT NEWS Gold Holds Gains as Fed’s `Done Everything’ to Prepare Markets – Bloomberg Gold logs largest daily gain since late October – MarketWatch Meet the treasure seekers who hunt millions in undersea gold – MarketWatch Gold set to end week […]

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Breaking Gold News and Commentary (19 November, 2015)

IMPORTANT NEWS Gold climbs off five year trough as dollar pulls back – Reuters Prepare for Gold Below $1,000 as Fed Pulls the Trigger on Rates – Bloomberg Fed officials again flag December; see smooth rates liftoff – Reuters Gold Rises as Traders Focus on Gradual Higher U.S. Rates – Wall Street Journal Chinese Savers Turn […]

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Breaking Gold News and Commentary (18 November, 2015)

Saint-Denis police operation Photographer: Kenzo Tribouillard/AFP via Getty Images IMPORTANT NEWS Paris Raids Target Terrorist Ringleader, Leaving at Least 2 Dead – Bloomberg Security jitters drive European investors back to safe havens – Reuters Gold eases as dollar gains offset safe-haven bids – Reuters Einhorn’s Greenlight takes new long positions, exits some shorts – Reuters Gold settles […]

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Breaking Gold News and Commentary (17 November, 2015)

French army patrol at the Gare du Nord train station in Paris after the deadly attack Photo: Bloomberg IMPORTANT NEWS Gold steady as risk aversion offsets dollar strength – Reuters Gold Holds Drop as Investors Shift Focus Back to Fed From Paris – Bloomberg Paulson Maintains Gold Stake as Prices Touch Five-Year Low – Bloomberg Funds […]

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Breaking Gold News and Commentary (16 November, 2015)

Italy’s prime minister Matteo Renzi: “Why Italy may leave the eurozone soon” (Photo: Olivier Morin/AFP/Getty Images) IMPORTANT NEWS Global risks bolster gold, oil after Paris attacks – Reuters Gold prices up in Asia on Paris attacks, China monetary outlook – Investing.com Gold rises on safe-haven bids after Paris attacks – Reuters Gold Set to Rebound as […]

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Russia Sees Gold Reserves As “Additional Financial Cushion” In Face Of “External Uncertainties”

– Gold and FX reserves are “additional financial cushion” for state in face of “external uncertainties” – Russia bought another 77 tonnes of gold in Q3 – Ruble volatility does not create risks for financial stability in Russia – Russia intends building fx and gold reserves to $500 billion in coming years – Gold is a […]

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Breaking Gold News and Commentary (13 November, 2015)

The numbers that scream Global Recession (Photo: The Most Important News) IMPORTANT NEWS Gold price fall and market panic sparks bullion ‘buying spree’ in China – The Telegraph Gold Demand Climbs to Two-Year High as Buyers Snap Up Bargains – Bloomberg Central Banks Snapping Up Gold at Near-Record Pace, Council Says – Bloomberg European shares set […]

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Breaking Gold News and Commentary (12 November, 2015)

David Cameron (Photo: MoneyWeek) IMPORTANT NEWS Global gold demand hits more than two-year high in Q3 – WGC – Reuters Gold stuck near three-month low on U.S. rate outlook – Reuters Very few takers for PM Narendra Modi’s sovereign gold bonds –  The Financial Express Gold, silver coin sales surpass jewellery on Dhanteras – The Financial Express Cheaper gold […]

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Breaking Gold News and Commentary (10 November, 2015)

Euclid Tsakalotos took over from Yanis Varoufakis in July (Photo: Bloomberg) IMPORTANT NEWS Gold rises for 2nd session in a row on technical ‘bounce’ – MarketWatch China’s industrial production falls to six-month low – The Telegraph Gold edges up as dollar dips, still near 3-mth low on US rate view – Reuters Gold Holds Near Three-Month Low […]

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Breaking Gold News and Commentary (10 November, 2015)

A light airplane drop banknotes over a soccer field in Serang, Indonesia, Sunday, June 1, 2008. (Photo: AP Photo) IMPORTANT NEWS Gold futures end higher to snap 7-session losing streak – MarketWatch Gold steadies, still near 3-month low on U.S. rate rise prospects – Reuters Gold Investors Sell From ETPs at Fastest Pace in Three Months – Bloomberg U.S. […]

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Breaking Gold News and Commentary (09 November, 2015)

(Photo: MoneyWeek) IMPORTANT NEWS China’s gold reserves likely rose by 14 tonnes in October – Reuters China Probably Raised Gold Hoard Again in October Adding 14 Tons – Bloomberg Gold Plunges Most in a Year This Week on `Darn Strong’ Jobs Data – Bloomberg Dollar Surges, Bonds Drop on Rate Speculation; Banks Rally – Bloomberg Gold sinks […]

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Worlds Largest Debtor Ever Raises U.S. ‘Debt Ceiling’… Again

The US government has once again agreed to increase it’s so-called debt “ceiling” – this time from $18.5 trillion to $20 trillion.  The so-called debt ceiling is recognized industry-wide as a complete misnomer. Source: Sharelynx.com “The phrase “debt ceiling” sounds austere and restrictive, as if intended to keep a lid on government spending. Actually, the U.S. national […]

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