“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 […]
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 […]
– 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 […]
There is a growing movement by investors and central banks internationally to “repatriate” gold and own it “in country” due to concerns of gold confiscation and financial repression involving capital and exchange controls. A form of gold confiscation has already been seen with Venezuela unable to repatriate their remaining gold from the Bank of England. […]
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 […]
Gold scales near 2-week peak as dollar dips after U.S. GDP data (Reuters.com) Stocks Mixed at Start of Data-Rich Week; Oil Slips: Markets Wrap (Bloomberg.com) Investors Brace for a Big Week of Insights Into World Economy (Bloomberg.com) Russia gains gold to diversify reserves, not to distrust dollar, central banker says (CNBC.com) Traders are now pricing […]
Australian, American and British People Need To Learn Lessons from Ireland ‘First Hand View From Ireland’ – Martin North & Eddie Hobbs Australian financial expert, Martin North discusses the Irish property crash and financial crisis a decade ago with financial writer and adviser Eddie Hobbs. The interview is excellent and well worth a watch as […]
Gold scales near 2-week peak as dollar dips after U.S. GDP data (Reuters.com) Stocks Mixed at Start of Data-Rich Week; Oil Slips: Markets Wrap (Bloomberg.com) Investors Brace for a Big Week of Insights Into World Economy (Bloomberg.com) Russia gains gold to diversify reserves, not to distrust dollar, central banker says (CNBC.com) Traders are now pricing […]
Is Inflation Dead? – Bloomberg Business Week Inflation Is Here and Coming From a contrarian perspective, the front page of Bloomberg Business Week this week is a classic contrarian sign that we may be on the verge of a serious bout of inflation or indeed stagflation as the global economy slows sharply and currencies are […]
Gold firms as weak data puts focus back on growth risks (Reuters.com) Gold prices tally a second straight gain but hover near lows of the year (MorningStar.com) Euro stung by German growth fears, political uncertainty (Reuters.com) Romanian parliament votes to bring gold reserves back from Bank of England (Reuters.com) World Trade Volumes Are Plunging at […]
Via GoldSeek Strengths The best performing metal this week was palladium, up 3.52 percent as CPM Group noted that the price could climb to $1,800 on supply constraints. Gold traders and analysts switched from bullish to mostly neutral or bearish on the yellow metal this week, according to the weekly Bloomberg survey. Turkey’s gold reserves […]
Gold ends higher as the U.S. stock market pauses its rally (ForexTv.com) Gold prices inch up off 4-month low, still pressured by strong dollar (Reuters.com) Bank of Canada cuts growth forecast, abandons talk of rate hikes (Reuters.com) U.S. yields lower on soft global data, after strong auction (Reuters.com) SWOT Analysis: Venezuela Liquidated $400 Million in […]
Royal Bank of India (RBI) may buy another 1.5 million oz this year according to OCBC Many other central banks including large creditor nations Russia and China are also adding to gold holdings via Bloomberg India’s central bank is likely to join counterparts in Russia and China scooping up gold this year, adding to its […]
Gold slips towards 4-month low as robust dollar dents appeal (Reuters.com) Asian shares fall despite strong Wall Street; oil retreats (Reuters.com) Australia shares end at over 11-year high on rate cut hopes; NZ rises (Reuters.com) Gold worth billions smuggled out of Africa (Reuters.com) Worsening Mood in Germany, France Damps Euro-Area Rebound Hopes (Bloomberg.com) World’s […]
– Russia buys 18.7 tonnes of gold bullion in March 2019– Russia’s official gold holdings are now 2,150.5 tonnes which as a percent of foreign exchange reserves in gold is 19.1% (see table)– Russia liquidated 85% of its US Treasury holdings in just two months in April and May 2018– Russia dumped over $90 billion […]
PRECIOUS-Gold eases as strong equities check support from Iran sanctions (Reuters.com) Gold ends higher after settling last week at 2019 low (MarketWatch.com) Gold holds steady on softer dollar, U.S.-Iran tensions (Reuters.com) U.S. to end all waivers Iran oil imports, crude price jumps (Reuters.com) World’s Oldest Gold Object May Have Just Been Unearthed in Bulgaria (GoldReview.com) […]
Watch Video Here – Your family who once dismissed you as a crazed gold bug, now herald you as an investment guru!– When there is widespread confidence in the dollar, euro, pound and all fiat currencies– When the next financial and monetary crisis is over and a degree of stability and sanity prevails!– When the […]
by Eoin Treacy via Proactive Investors Gold is the world’s most polarising asset. People either love it or hate it. You’ll be denigrated a gold bug for owning it, or an ignorant moron for not. There are good reasons for this division. Gold’s position is an odd one thanks to its characteristics, history and the […]
Gold slips to 2019 low as global economic outlook improves (Reuters.com) Romania’s central bank objects to lawmakers’ attempt to repatriate gold reserve (Romania-Insider.com) Stocks erase week’s gains after weak manufacturing surveys (Reuters.com) North Korea calls for Pompeo to be dropped from talks; tests tactical weapon (Reuters.com) Fed may need to buy more bonds than before […]
via Zero Hedge The recent collapse in world trade volume is the worst since the financial crisis and as dangerous as during the dot-com bubble of the early 2000s, according to The Telegraph. Data from the CPB Netherlands Bureau for Economic Policy Analysis revealed that world trade volume dropped 1.8% in the three months to January compared […]