There’s only one story in the UK this morning – it’s the day Britain goes to the polls. It’s no exaggeration to say that this election is probably the most important of the century so far. If the ruling Conservative party wins a clear majority, then some form of Brexit is almost certain to go […]
◆ U.S. banks couldn’t quickly fund lending market when rates spiked & hedge funds ‘compounded the strains’ in vital part of finance – BIS report ◆ The Bank for International Settlements — the central bank of central banks says that the ongoing mayhem in the U.S. repo market which began in September and has seen […]
◆ Goldman is still forecasting that gold will climb to $1,600 over the next year due to investment demand. ◆ Investors should diversify their long-term bond holdings with gold, citing “fear-driven demand” for the precious metal – Goldman Sachs Group Inc. ◆ “We still see upside in gold as late cycle concerns and heightened political […]
◆ Gold could triple to $4,000 according to “bold bets” in the options market New York ◆ Gold options market saw $1.75 million in block trades speculating that gold will surpass it’s nominal record and could almost triple in a year ◆ 5,000 lots of a gold option giving the holder the right to buy […]
The largest gold nugget in Britain has been found in a Scottish river, as experts reveal that members of the public are taking up hunting after watching YouTube clips. The diver, who wishes to remain anonymous, discovered the £80,000 “doughnut-shaped” nugget using a method called “sniping”, in which a prospector uses a snorkel and hand tools to scan […]
Watch latest GoldCore video here ◆ Gold is flowing to strong hands in safer forms of gold ownership, in safer jurisdictions ◆ Gold and silver bullion coins and bars owned by GoldCore’s clients have been moved from Hong Kong to Singapore ◆ Central bank and institutional gold rush is beginning as prudent money diversifies fx […]
◆ The New York Fed added $97.9 billion in temporary liquidity to the financial system yesterday. ◆ The Federal Reserve Bank of New York continues to pump massive liquidity amid very heavy demand by banks for year-end funding; the $97.9 billion involved overnight repurchase agreements, or repos, worth $72.9 billion and the balance via 42-day […]
◆ Global debt has risen to another record at $255 trillion due to cheap borrowing costs. ◆ A decade of easy money has left the world with a record $250 trillion of government, corporate and household debt. ◆ This is almost three times global economic output and equates to about $32,500 for every man, woman […]
◆ Prudent leaders in Eastern European countries are repatriating their national gold reserves and diversifying into gold due to geopolitical risks and monetary risks posed to the dollar, euro and pound ◆ Slovakia has joined China, Russia and a host of countries buying gold or seeking to repatriate their gold from the Bank of England […]
Bloomberg via Yahoo Finance Poland Repatriates Gold From Bank of England Storage to ‘Show Strength of its Economy’ Poland brought about 100 tons of gold home from the Bank of England in a bid to demonstrate the strength of nation’s $586 billion economy, central bank Governor Adam Glapinski said. The institution bought about 126 tons […]
◆ First, the good news from — though it’s not great !◆ Oxford Economics expects the global economy to stabilize in the first half of next year in a new forecast◆ They predict low growth in U.S. stocks next year but a big drop if there’s a recession ◆ Weak productivity growth will limit the global […]
Have we learned the lessons of 2008? Stand-up comedians Konstantin Kisin and Francis Foster interview James Rickards NEWS and COMMENTARY Gold prices end lower for the week Gold prices ease as strong U.S. data lifts dollar, yields Trump’s Fed Pick Judy Shelton Cast Doubt on Central Bank Independence China attacks US at G20 as the […]
3,400 high net worth investors with at least $1 million in investable assets were surveyed by UBS Fifty-five percent of respondents expect a significant drop in the markets at some point in 2020. The super rich have increased their cash holding to 25% of their average assets, the survey showed. A majority of the most […]
‘Retail Gold Insights 2019’ has just been published by the World Gold Council. It is a thematic analysis of their new consumer research survey. With a base of 18,000 participants across India, China, Russia, Germany, the US and Canada, we believe it is the largest ever consumer survey on the global gold market. 5 main themes of […]
GoldCore directors have been monitoring the political and economic situation in Hong Kong for the last year. It has clearly deteriorated in the last two weeks and we are now erring on the side of caution in terms of our client’s who store assets there. We have contacted all GoldCore Secure Storage clients with assets […]
Chris Powell of GATA writes today about how he finds it interesting that CNBC are careful to admit that owning the GLD ETF is not the same thing as owning physical gold, a theme that has run strongly throughout our market commentaries for many years. He writes… Two cheers for today’s CNBC report celebrating the […]
David Stockman is the former budget director for President Ronald Reagan and author of “Peak Trump: The Undrainable Swamp and the Fantasy of MAGA” He believes that the market “can’t digest” all the money flooding into Wall Street and that the Federal Reserve responded with panic. NEWS and COMMENTARY Gold slips as trade optimism derails […]
NEWS and COMMENTARY Gold tallies back-to-back gains as Treasury yields retreat Serbia Buys Nine Tons of Gold to Heed President’s Crisis Advice Global debt surged to a record $250 trillion in the first half of 2019, led by the US and China China central bank injects 200 billion yuan to boost liquidity, keeps rate unchanged […]
NEWS and COMMENTARY Gold climbs, on track to post first gain in 5 sessions Gold rises as trade deal doubts pressure equities U.S. October budget deficit hits $134.5 billion, 34% higher than the year before Fed’s Powell says interest rates unlikely to change as long as growth continues Copper slips after Trump threat of more […]
◆ A World Debt Downgrade Warning (WDDW) has been issued by credit rating agency Moody’s due to deepening global geopolitical uncertainty and risks ◆ Moody’s has issued a debt downgrade warning to the entire world on fears that severe political turmoil from London to Hong Kong poses a threat to the global economy (see News […]