News and Commentary Gold holds near one-week high on global slowdown worries (Reuters.com) ‘Brexit in peril’ as May faces heavy defeat (CNBC.com) Australia’s Newcrest to buy Canadian copper and gold mine for $807 million (Reuters.com) Feds inch closer to approving Alaska mining project (MCClatchydc.com) Powell’s ‘60 Minutes’ message to stress Fed independence & efforts to support […]
News and Commentary Global Stocks Extend Slide Amid Concerns on Growth: Markets Wrap (Bloomberg.com) Gold prices finish lower as ECB news pressures the euro, lifting the dollar (MarketWatch.com) ECB seen taking tentative step to prop up ailing euro zone (Reuters.com) Wall Street drops for fourth day as ECB stokes growth worries (Reuters.com) U.S. household wealth posts […]
China increased its gold reserves for a third straight month in February, data from the People’s Bank of China (PBOC) showed this morning. The value of China’s gold reserves rose slightly to $79.498 billion in February from $79.319 billion at the end of January, as the central bank increased the total amount of gold reserves […]
News and Commentary Gold steady on firmer dollar ahead of ECB policy meeting (Reuters.com) ECB Readies Response Amid Euro-Area Slowdown (Bloomberg.com) Asia shares sluggish as global growth concerns return; ECB meeting eyed (Reuters.com) U.S. senators say Saudi crown prince has gone ‘full gangster’ (Reuters.com) Sweden’s central bank trims forex reserve after Nordea moves to Finland (Reuters.com) […]
Precious Metals SWOT Analysis: JPMorgan Is Bullish on Gold by Frank Holmes via GoldSeek Precious Metal Strengths The best performing metal this week was palladium, up 2.81 percent with continued price strength. Gold traders were split between bullish, bearish and neutral on the yellow metal this week as prices struggled to recover and posted a […]
News and Commentary Gold edges above five-week low as market rally pauses (Reuters.com) Gold dips as dollar gains on robust U.S. data (Reuters.com) Wall Street slips as GE swoons, key market level looms (Reuters.com) Stocks stall, dollar stands tall as China trims growth targets (Reuters.com) Demands that the Romanian National Bank bring gold reserves held abroad […]
– Gold and silver look set “trade higher again on a secular basis” – The Fed is now dovish and are unlikely to go “back hawkish again any time soon” – Smart money UK investors such as Ned Naylor-Leyland & Charlie Morris are bullish – “Gold coins and bars are in short supply in the […]
News and Commentary Gold dips as U.S.-China trade deal hopes lift risk appetite (Reuters.com) Gold trims loss — but still decidedly lower — as U.S. stock market turns negative (MarketWatch.com) U.S. construction spending falls, fourth quarter GDP seen revised lower (Reuters.com) Dow sinks more than 400 points; Blue-chip gauge on the brink of worst day in […]
Money Doctor John Lowe: Invest In Gold In 2019 By John Lowe, The Money Doctor via RTE Diamonds may have the edge when it comes to a girl’s best friend but as the world becomes more volatile year by year, investing in the yellow metal is de rigueur and a prudent strategy in a balanced portfolio. They […]
– Why gold is down for the month, but still on a long-term track to reach $2,000 an ounce “A $22 trillion national debt and the lack of any will to rein in massive spending is making America’s creditors nervous and…the ‘risk free’ status of U.S. Treasuries will come into question” said GoldCore – “Central […]
News and Commentary Why gold is down for the month, but still on a long-term track to reach $2,000 an ounce according to GoldCore (MarketWatch.com) Gold hits two-week low as upbeat U.S. data lifts dollar (Reuters.com) Romania Ruling Party Battles Bank Over Gold Reserves, Return 95% back (BalkanInsight.com) Growing China downdraft chills Asia factory activity (Reuters.com) […]
In Business and Finance, Ireland’s leading business magazine, latest CEO Q+A, speak to Stephen Flood, CEO of GoldCore, about the global economy, debt levels, and making the most of your personal strengths. Q. What are your main priorities and goals in your role? To provide a convenient, efficient and most importantly safe way of owning gold bullion for clients who […]
News and Commentary Gold near 2-week lows as dollar rebounds over trade caution (Reuters.com) Venezuela removed 8 tons of central bank gold last week (Reuters.com) Trump says he walked from deal with North Korea’s Kim over sanction demands (Reuters.com) Bitcoin regains its footing after recent selloff, man charged in $6M gold-crypto fraud scheme (MarketWatch.com) Dumb bank […]
– U.S. Mint suspends silver bullion coin sales after sales double in February – Silver investment demand for American Eagles (one ounce) silver bullion coins depletes West Point Mint inventories – U.S. Mint suspended sales of American Eagle (1 oz) coins on Feb. 21 because it had no coins left to sell – With increased investment demand, the Mint […]
News and Commentary Gold steady on soft dollar after Fed comments; Palladium near $1,550 (Reuters.com) Stocks turn negative as India-Pakistan tensions worsen (Reuters.com) Russia and Syria tell U.S. forces to leave Syria: joint statement (Reuters.com) Pakistan says it shot down Indian jets, carried out airstrikes in Kashmir (Reuters.com) Fed’s Powell sees solid but slower U.S. economic […]
– MMT: Modern monetary madness and pet economists – Can this really be a thing? Actually printing money as an economic policy? – Begin structuring portfolios and lives to avoid being in a tunnel with an oncoming train by John Mauldin via Mauldin Economics More than 10 years ago some Australian readers begin regaling me with the ideas […]
News and Commentary Palladium soars past $1,550 on mine strike fears; gold firm (CNBC.com) Economy Minister Tria says only ECB can use Italy’s gold (Reuters.com) Gold ends lower as global stock market gains draw investor interest (MarketWatch.com) Wall St climbs as trade optimism boosts tech, industrials (Reuters.com) Barrick CEO defends $18 billion hostile Newmont bid as […]
Good sense broker prefers gold to all that glitters The CEO of GoldCore puts family before life in the fast lane and tells The Times that he is excited by the outlook for gold, fintech and the blockchain Stephen Flood, GoldCore CEO, as a 21 year old very quickly quit a job at a New […]
News and Commentary Gold gains as dollar sags against yuan on China tariffs delay (CNBC.com) With Fed Eyeing Inflation Overshoot, JPMorgan Likes Gold, TIPS (Bloomberg.com) Venezuela’s Guaido says ‘all options open’ after Maduro blocks aid (Reuters.com) Dow logs longest weekly win streak since 1995 on optimism over trade talks (MarketWatch.com) Gold ends higher as dollar stumbles, […]
– Last week, the United States national debt ticked above US$22 trillion for the first time, an amount equivalent to $67,000 per U.S. citizen – The U.S. federal government owes more money than any other institution in the history of human civilization and it’s just getting worse – Below, a few factoids about just how […]