When we woke up to see gold had hit an all-time high overnight we knew we needed to take a look at some charts. And who better to do that with than technical analyst Chris Vermuelen of TechnicalTraders.com. GoldCore CEO, Dave Russell took some time this afternoon to speak with Chris about what took the […]
Overnight gold stunned markets by obliterating resistance levels and rocketing up to a new all-time high of $2,148.99. As well as a new level we might also have seen a new standard in volatility being set as the yellow metal experienced $100 intraday swings. This morning gold has calmed itself down a bit. But make […]
For much of November gold has been on a tear and this week investors have sent it way up, punching past $2000. Will these giddy heights of over $2,000 be how gold chooses to see out month-end? At the time of writing we cannot be sure. Yesterday prices did soften ever so slightly but the […]
Happy Thanksgiving to all of our readers. For anyone celebrating we hope you have a wonderful day and we thank you for your support this past year. Big news this week – gold hit $2,030 in intra-day trading on Tue, it didn’t hang on but it did close the day with a hefty $20 gain […]
The double figure pop up in gold on Tuesday was more to do with weakening of the US dollar, than rampant gold demand itself. The significant drop in the fiat currency was largely thanks to the release of October’s CPI report. Echoing that of the previous month, the report showed weaker growth and lower than […]
I have heard it said that technical analysis is “Astrology for Men”, the inference being that it’s got about as much use as arguing something will happen to the markets because the stars say it will. Keen to dispel this myth, I decided to chat with chart expert Patrick Karim so we could explain exactly […]
The big news in gold is two-fold right now; gold hit new all-time highs in several currencies and central bank demand for physical gold remains strong hitting a year-to date record in Q3 this year. Gold at $2,000? So whilst the headlines were all about dollar-denominated gold showing us that it’s still destined for levels […]
Last night, gold futures came within touching distance of $2,000, touching $1,998.60 and closed at $1,994.40. This move towards the key psychological level was especially impressive given US dollar strength during the day. Short-term strength of both assets is likely to be on the back of safe haven demand in the Middle East. Gold’s tear […]
LBMA This week I attended the LBMA’s Global Precious Metals conference in Barcelona. As usual it was a flurry of activity and discussion between cross sections of those involved in precious metals. At the end of the conference attendees are asked to give their forecasts for the precious metals markets, for the next 12 months. […]
Overnight the gold price hit a two-week high. One of the ‘supports’ for the gold price was the release of FOMC minutes yesterday, something that once upon a time would have done a bit of a number on the price of gold. Instead, it barely blinked. The metal also finds itself well supported on account […]
Gold and silver continue on their downward trajectory this week. The US Government Shutdown Deal and comments from FOMC members appear to have boosted bets that the Fed will make space for one more hike in 2023. Prior to the last-minute debt-ceiling deal (yawn) being struck at the weekend, markets had favoured a December hike, […]
It’s been a tough couple of weeks. Everything’s down. Stocks are down, bonds are down, heck, even gold is down over $100. What’s going on? We turned to one of our favourite guests, Technical Traders’ Chris Vermeulen and asked for his take on market activity. What are his thoughts? None of this is a surprise […]
Gold has been on a bit of a losing streak this week, hitting a six-and-a-half month low. This morning the yellow metal found some (very) modest support in the face of slightly lower Treasury yields, another US government shutdown looming and concerns regarding the Chinese economy. However, it’s likely that it will fall further given […]
Yesterday the FOMC concluded their September meeting yesterday, leaving rates at their 22-year high. It signalled another rate hike was coming, this side of Christmas. The FOMC also amended its projection for 2024 rates, raising them from 4.6% to 5.1%. Unsurprisingly the US dollar surged whilst gold fell back. Prior to the FOMC statement gold […]
In a comment to MarketWatch last week we said that traders this week would be most focused on the CPI report that came out yesterday. In that very report, Inflation came in hot, above expectations, and posted its biggest monthly increase in August this year. It’s up 3.7% from a year ago. However, markets didn’t […]
It’s that time of the month again when we bring in a top chart analyst to take us through what they’re seeing in the markets, right now. This month we have the brilliant Gareth Soloway. Gareth explains why he’s watching the US Dollar, what he means by “Good news is bad news” and when we […]
Over the August period, it’s easy for people to switch off and to some extent, it might feel like the precious metals have been doing the very same! However, if you look at the YTD performance of gold across key currencies in the World Gold Council table provided below then you will take some heart […]
Buckle up, because India isn’t just racing on the path of economic transformation; it’s blazing a trail. We’re talking about a nation that has evolved from contributing just 6.3% of global GDP growth in 2007 to a projected 17.4% by 2028. The underdog is gaining ground on China, and gold investors might be the unexpected […]
This week the world has needed the eyes of a hammerhead shark in order to keep track of the meetings that are taking place. First up the BRICS nations, and interested parties, met in Johannesburg for the 15th summit of the group. And, yesterday saw the start of the Fed’s annual three day Economic Policy […]
Next Tuesday the BRICS nations will meet in South Africa for the group’s 15th summit. This could be a game changer for gold. For something that only officially existed eight years after the term ‘BRICs’ was created, the bloc known as “The BRICS” has rapidly gone from an informal term for a group of fledgling […]
All developed economy central banks have come to, or are fast approaching, the end of their tightening cycles. On the face of it, many are congratulating themselves for a “job well done”. Yesterday’s US CPI data will almost-certainly exacerbate these misconceptions. But of course not all developed banks are feeling like they may have achieved […]
There is so much going on at the moment, both politically and financially that it can be difficult to know what to focus on when it comes to managing your investments. At times like these, it’s good to try to filter-out all of the “noise” and identify the major developing trends that will have the […]
Since 1975 worldwide obesity has nearly tripled and it is now one of the leading causes of death. Despite this, rarely does someone have ‘obesity’ recorded as the cause of death on their death certificate. Instead, it might read ‘complications from Type 2 Diabetes’ or ‘cardiovascular disease’: conditions that obesity has led to. The rise […]
It is said that the term ‘bank’ comes from the Italian ‘banca’ meaning bench. This is back when we used banks as safe havens for storing multiple real assets, particularly gold. The shelves on which the gold was stored were referred to as ‘the bank’ or ‘banks’. Hence we now ‘bank’ our money and use […]
Last night GoldCore Director Dave Russell had a quick chat with Patrick Karim of northstarbadcharts.com. Patrick walks us through the charts that have him convinced that the gold and silver are “the surest bet” and why “the genie is well and truly out of the bottle”. Much of the focus of the chat was in […]
Watch as GoldCore Director Dave Russell takes us through the Five Steps to Protect Your Portfolio from the Coming Economic Storm, with Physical Gold. (This presentation is a recording from the Virtual Money Conference: Mid-Year Portfolio Review) The world is on the brink of great disorder. Dramatic, negative changes are set to impact portfolios and […]
Gold and silver prices have declined in recent weeks as central banks have once again turned more ‘hawkish’ than was expected at the beginning of the year. But, as with anything, these things don’t happen in a vacuum. As we describe below, monetary policy is causing major trouble across a number of sectors, who can […]
This week we bring you a short half-year update on the gold and silver price, but after that we are once again forced to ask “What Are Central Banks Playing At?”. They have all the potential to do great things like a small child (if you will) but also like a small child they keep […]
The Fed did not increase interest rates further this week, but updated projections show the committee has increased how high they expect rates will go this year. Markets and their participants spend a long time trying to predict the Fed’s and other central banks’ next moves, but when it comes to wealth preservation this isn’t […]
Earlier this week Dave Russell of GoldCore TV spoke to thetechnicaltrader.com’s Chris Vermeulen. You might recall that we spoke to him just a few months’ ago. It’s always good welcoming Chris onto the show as we get the chance to hear a long-term perspective on markets and expected moves for gold and silver. And of […]
The bitcoin versus gold debate has gone on for over a decade now. In that time regulators have been scratching their heads wondering how far they can let the cryptocurrency machine run for. “This far,” seems to be the decision this week. Meanwhile gold and silver carry on, continuing to offer a simple and unassuming […]
Those who have chosen to invest in gold bars or to buy silver coins have often done so because they fear the mismanagement of the monetary system. This week has offered further reassurance that investors are right to want to own gold in a balanced portfolio because yet another fight about the US debt ceiling […]
It’s always good to have regular validation about decisions we choose to make. Take the decision to buy gold, for example. At the moment central bankers and economists just can’t help themselves but make statements or hold press conferences or publish papers that effectively say to gold investors ‘KEEP GOING!’. Whether it is Andrew Bailey […]
The industry-leading In Gold We Trust Report was released this week. So convinced are the authors “that the monetary and geopolitical situation as well as the chart development of the gold price suggest that a showdown in gold is imminent” that the 2023 report is entitled “Showdown”. This is arguably one of (if not the) […]
This week Stephen Flood, GoldCore CEO, spoke to Stuart Berryhill of the Money Vision U podcast. Money Vision U is a financial literacy podcast that describes itself as the “financial class you should have in High School”. We think that one of the best things you can do for people today is to give them […]
We frequently talk about the gold-silver ratio, but often the gold-copper ratio can be a more telling indicator when it comes to assessing the health of the economy. “Dr. Copper” is known for its ability to signal when the economy is ‘unwell’. As you will read below, the readings on the doctor’s chart are strong […]
Join Dave Russell as he speaks to one of our favourite gold and silver chart experts, Gareth Soloway. In this month’s technical analysis chat, Dave and Gareth discuss gold, silver, and all things price action. Hear Gareth’s expert thoughts on where gold may head before breaking out to new highs, why silver is a tricky […]
Gold is on the cusp of setting a new all time high – and the current economic and financial environment provides three key factors that are bullish for gold to move higher. 1. Monetary policy is being forced to ease as bank problems continue and waning economic growth Berkshire Hathaway’s annual shareholders meeting was held […]
GoldCore’s Dave Russell met with Danielle Di Martino Booth in Las Vegas at The Money Show. Dave took the opportunity to ask Danielle about Jay Powell’s aggressive tightening campaign and the future of the US economy. Topics covered include: Buy Gold Coins GOLD PRICES ( AM/ PM LBMA FIX– USD, GBP & EUR ) USD $AM USD $PM […]
We discuss the Federal Reserve often because the more the Fed tries to ‘undo’ its past policy mistakes and alters the markets through its poor policies, the more gold and silver prices are likely to rise! Yesterday’s meeting is an example: the more the Fed Chairman spoke the more the metals prices rose. As largely […]
More often than not, the international trade and currency system works to the benefit of the US and its friends, whilst others have to take what they can. ‘No more!’ seems to be the message from countries outside of the Western world. But it is more than an expression of frustration. Deals are being done, […]
Some who are considering buying gold bullion or silver investment often look closely at the price and ask ‘is now a good time to buy gold?’ This is understandable after all no buying decision should be one that you take lightly and often people want to feel like they have bought ‘at the right time’. […]
Gold and silver prices have risen sharply over the last month in response to the banking problems, a lower dollar and the expectation that central bank policy will ease in coming months. And the latest from the IMF suggests that there is more to come. If the IMF (International Monetary Fund) forecasts are right, gold […]
The big news this week is that gold has popped back up over $2,000. When it will exceed its all–time high of $2,070 is as yet unknown but the pieces are lining up to send it well on its way. This week we look in depth at what poor economic policies mean beyond interest rates, […]
GoldCore TV viewers absolutely love it when we have Patrick Kerim on the show. Last time Dave Russell spoke to him things were looking very different to how they are today, and that was just three months ago. So with Q1 behind us and Q2 already flying by we thought it would be great to […]
It feels as though we have had a few days off when it comes to news of bank failures, collapses and ‘rescues’. But, do not be lured into a false sense of security, very little is resolved and problems are systemic across the financial system. Below we discuss the fragilities exposed by the collapse of […]
Central banks seem to be on a credibility drive at the moment. Last week it was the ECB, yesterday it was the Fed and today it was the Bank of England. All of them are on a mission to reiterate their approach of ‘because I said so!’ when it comes to raising rates. It seems […]
From the desk of GoldCore CEO, Stephen Flood This morning gold moved above $2,000/oz. The previous intraday high (seen in 2020) was $2,080. If you saw our recent interview with Patrick Karim then you might be recalling his comments that a close here on a monthly basis would signify a break of a trend line […]
This week everyone has been reminded why they choose to invest in gold and buy silver. As markets reacted to Silicon Valley Bank’s demise, the near-collapse of Credit Suisse and the ensuing panic of policymakers, investors and depositors, gold, and silver have come to the fore. Why did they climb in the price? Because this […]
Gold and silver prices are significantly higher today as markets expressed concern over the US banking system and the desperate measures being taken by officials to keep the ship afloat, amidst contagion fears. When the ranking member of the US House Financial Services Committee goes on CNBC to reassure markets about the current turmoil then […]
“LBMA is delighted to welcome Goldcore as an affiliate member and our first member in Ireland.” Ruth Crowell with GoldCore CEO Stephen Flood. I am delighted to announce that GoldCore has been accepted as a member of the London Bullion Market Association (LBMA). This recognition highlights our significant contribution to the global precious metals market, […]
Yesterday’s events of the U.S. dollar making yet more gains whilst gold and silver prices tumbled, have caught the attention of investors around the world. This sudden shift in the markets is attributed to Fed Chair Jerome Powell’s testimony to Congress, where he increased the likelihood of further rate hikes… With this news, investors are […]
Each year professional analysts and forecasters shine up their crystal balls to submit their precious metal price forecasts to the LBMA. The contest is to be the most accurate predictor for the gold price average for the year; the analyst with the closest average price for the year wins a 1oz. gold bar. The 2023 […]
As the Russia/Ukraine conflict continues to intensify, the risk of deglobalization only grows. Amid escalating tactics from both sides, Vladimir Putin has issued nuclear warnings, while President Joe Biden has been rallying allies in an effort to defend democracies. All this is happening as gold makes its own appearance in this equation, being at the […]
“The soul of money is trust. To operate effectively, businesses must maintain the trust of investors. And central banks must maintain the trust of the public. Governments also have a role to play in the face of today’s central banks’ losses. Because these institutions are ultimately backed by the state, trust in money requires sound […]
In 1983 a total of 6,840 gold bars were stolen from a high security vault in Heathrow in what is still considered to be ‘the crime of the century’. 40 years on and the gold heist is still the biggest single-theft of gold in history. What’s incredible is that the perpetrators never even expected to […]
Click below to watch What’s going on with the gold price? Is the silver price set for a further pullback? Technical analysis expert Gareth Soloway of InTheMoneyStocks joins Dave Russell of GoldCore TV for a monthly look at the gold and silver charts. Volatility has returned to the precious metals markets with bot #gold and […]
Those watching the gold price and price of silver will have noticed the sharp uptick following the Federal Reserve’s announcement, yesterday. This was despite the Fed doing exactly what everyone expected them to do. For now, the Federal Reserve is sticking to its relatively well-telegraphed plan but how long will it be until they need […]
US dollar hegemony has long been a standard feature of the global financial and economic system. But developments in recent years and months (weeks, even) suggests there are more than a handful of countries who are looking to rely less on the US dollar. Instead countries who have long been at the mercy of the […]
It’s that time again when the US government has to prepare itself for an internal battle to raise the debt ceiling so it can meet various obligations. This is a merry dance that has been danced before, as we mention below. For sure, every time it happens fewer and fewer people are convinced of the […]
This week we bring you some silver candlesticks. Sadly not the nice shiny ones your grandmother left you, no these are much more useful. We’re talking about candlesticks on charts and what they can tell us about both the gold and silver price in the coming weeks. Patrick Karim of NorthStarBadCharts.com joined us over on […]
Anyone who has decided to buy gold, or follows the gold price will be aware of how powerful the US Federal Reserve is. This year the Federal Reserve will turn 110 years old, only in recent years is dollar hegemony appearing to falter. Below we look at the central bank’s origins and three lessons we […]
Today we ask, what is wealth? As we start a new year many will be looking at their portfolios and wondering what 2023 will have in store for them. Similar to 2022, we suspect there will be a lot of unknowns. As with anything unforeseen, it’s a good idea to have some insurance. This is […]
Throughout 2022 Goldcore has been reminding readers that physical gold and silver investment is the best way to avoid the damaged systems run by governments. We have reminded readers that precious metals have no counterparty needed to vouch for or to approve their value, a fact which keeps them outside of the ‘system’. Next week […]
They say Christmas is a time for giving, and this is exactly the approach of central banks this year. Last week four central banks gave us interest rate hikes alongside hints at future hikes. This was as expected but what no one quite expected was the new counterintuitive approach they seem to be taking. This […]
Laurence J. Peter said, “An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.” Right now we think this might be the motto that helps central bankers sleep at night. Terrifying as that may seem, investors do not have to just “wait-and-see” what impact central bank policies […]
Which of these central banks have set records this year? China India Turkey Iran This is actually a trick question as the answer is all of them. That’s right they have all been part of an enormous central bank push to move away from the US Dollar and add more gold to their respective coffers. […]
Are you feeling a bit confused about how the gold price has fared this year? Below we lay it all out for you, and compare it across different currencies as well as asset classes. The true performance of the 2022 gold price Gold and silver prices have been rising since early November. After setting a […]
Investors choose to invest in gold bars and buy silver bars because there is no counterparty risk. In a world where money is devalued every second and governments are scrambling to stay afloat, it’s worth holding some assets outside of the increasingly tenuous financial system. Below, we look at two countries who couldn’t agree more. […]
Football, love it or hate it, will dominate news outlets and Zoom small talk for the next month. Both the sport and the politics have entered the debating arenas, but there has been little mention of the whopping prize fund. Yes, football is one of the world’s largest industries, but is the prize fund just […]
When you invest in gold or buy silver coins with GoldCore you are choosing to invest in an asset that has no counterparty risk. Sadly those who have been holding their bitcoin on the crypto exchange FTX, have not experienced the same level of reassurance and service from the exchange’s management. This event is all […]
The US midterms have not produced the ‘red tsunami’ so many political commentators predicted. But the Democrats could still lose the House of Representatives and possibly the Senate, as well. The implications this could have on policy making could be dramatic. Even if the swell of red is more of a ripple than a wave, […]
Yesterday the Fed hiked rates. It wasn’t exactly a surprise. For gold and silver investors it was yet another great opportunity to remind ourselves why we invest in gold bars or buy silver coins – because central banks are predictable. They do not have perfect economic knowledge, they do not create long-term value and they […]
The pandemic and the Russia-Ukraine war have shown just how quickly supply chains can be disrupted by geopolitical instability. More than ever we are beginning to appreciate how important it is to secure access to alternative energy supplies. But, paradoxically, the resources the world needs to make this happen are tied up by the very […]
One of the biggest reasons for people deciding to buy gold bars or to own silver coins is because of the folly of central banks and government. It seems bizarre to most people that we are all aware that money doesn’t grow on trees and yet those responsible for financial stability have forgotten this basic […]
To invest in gold and silver is to invest outside of the system. When you buy gold bars or silver coins you are choosing to hold assets that can protect other assets in your portfolio from the poor actions taken by counterparties. For example: money printing by central banks, inflationary government policies, mismanagement of a […]
Gregory Mannarino Gold and Silver Price Action Gregory Mannarino, aka The Robin Hood of Wall Street, joins Dave Russell on GoldCore TV. This is our first time welcoming Gregory onto the show and it was great to have him on. His YouTube channel has amassed a whopping 78 million views and we think that’s probably […]
So Ben Bernanke has won a Nobel Prize for kicking a can down the road! Many will have heard the saying ‘those who do not learn from history, are doomed to repeat it’. It is often attributed to Churchill, but he was in fact quoting George Santanya. We prefer the Stephen Hawking quote, ‘“We spend […]
“The US dollar’s strength isn’t so much a function of the strength of the US economy or US political leadership, but rather, the fact that we’re competing in a horse race against a bunch of other horses that are completely lame.” Rick Rule – Rule Investment Media The former President and CEO of Sprott, was […]
This week we ask if the wobble experienced by UK pension funds, last week, was just the canary in the gold mine for the global economy. If not for other central banks then this was certainly a reminder for individuals, who were prompted to ask about the levels of counterparty risk their savings and pensions […]
What do: Ron Paul Mike Tyson A fart in an elevator President Paul Kagame of Rwanda …have in common? They are all featured in this week’s The M3 Report, your show for all things Metals, Markets and Money. This is our sixth episode of the hit show. Subscribe now, to be sure not to miss it. […]
Our guest this week is Ed Steer, expert gold and market analyst and author of the Gold & Silver Digest. We invited Ed onto GoldCore TV to get his take on what is concerning him most in financial markets, movements in SLV and sanctions against Russia. He also draws our attention to central bank purchases […]
This morning the UK pound slumped as one of the world’s oldest central banks pressed hard on the panic button. The Bank of England was seen to be shouting ‘Pivot! Pivot! Pivaat!’ as they announced they would temporarily suspend their programme to sell gilts and will instead buy long-dated bonds. In a statement, the bank […]
Is the energy crisis something that can be resolved? Was it always inevitable? Will renewable energy make it all OK? Are Western financial policies to blame? All this and more in today’s The M3 Report! If you’re not already subscribed to GoldCoreTV then click here right now to make sure you’re all set to watch the fifth […]
Fed’s message this week – higher rates, lower economic growth, higher unemployment. The Fed hiked interest rates by 75 basis points for the third straight meeting and the statement said that the committee anticipates further increases. The Summary of Economic Projections (SEP) showed that the median projection is for a further 1.25% increase by yearend. […]
Today’s guest on GoldCore TV thinks it’s very likely that in the next ten years we will be moving onto a new gold standard. It is of course, not uncommon for gold market commentators to say something along these lines. But Jan Nieuwenhuijs is a gold analyst, who is bringing the chat around gold demand […]
We last spoke to Jim Rogers way back in January. He told us then that we were set to see the ‘worst bear market’ in his ‘lifetime’. Since then, a lot has changed. Russia has invaded Ukraine, inflation has gone on a tear, Europe is facing a major energy crisis and the US has been […]