GoldCore News

Perfect Storm for Precious Metals Leads to Price Correction

Gold fell by nearly 6% yesterday and silver by a whopping 15%, the largest one day loss in over 7 years.  The futures market saw massive volumes of selling with over 1.6 bn ounces of silver contracts sold yesterday. That’s a value of over $40 billion.  But what’s behind this massive move and is the […]

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Value of gold stored by Irish metals broker GoldCore surges past €100m

The value of gold coins and bars stored for clients by Irish precious metals broker GoldCore has surged 68pc so far this year to more than €100m. Gold prices last week topped the $2,000-per-ounce level for the first time as investors seek havens from the pandemic. “We are seeing demand on a scale which has […]

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Silver $50/oz and Gold $4,000/oz Forecasts; Wholesale Premiums on Silver Bars (1,000 oz) Surge 50%

◆ Own silver bars (1,000 oz) in institutional grade gold and silver vaults in Zurich at premiums as low as 4%. We cannot source smaller silver bars including kilo bars. Own Silver Britannias (1 oz) loco Zurich at 35% and for insured delivery in UK and EU at 50%. Open an account here. NEWS and […]

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Silver Surges Another 4% Over $28.20/oz as Short Squeeze May Push To $50/oz

◆ Own silver bars (1,000 oz) in institutional grade gold and silver vaults in Zurich. Premiums as low as 3.5% for orders over $1 million. Open an account here. NEWS and COMMENTARY Gold holds near record high as dollar dips, growth outlook dims (Reuters) Gold keeps its shine as investors shun dollar (FT) ETF joins […]

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Gold Price Surges Over $2,000/oz For The First Time In History

◆ Gold surged past the important $2,000/oz level to a new record high today due to concerns about the outlook for stocks, bonds and other assets in an increasingly vulnerable U.S. and global economy. ◆ Gold has surged to new record highs in all major currencies today including new record highs in British pounds at […]

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Gold Consolidates Near New All Time Record Highs Of $1,988.40/oz

NEWS and COMMENTARY Gold Falls From Record as U.S., Europe Stocks Rise, Dollar Gains 102 tonnes of gold changing hands on CME’s biggest ever delivery day Gold ETF’s Grow Holdings by 25.3 Million ounces in 2020, 27 Straight Days of inflows Gold steadies near record high as virus concerns persist  Fed Headed for a Clash […]

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Short Term Weakness Likely Prior To A “Massive Short Squeeze Propels” Gold and Silver “To Much Higher Levels” – GoldCore

From MarketWatch: Gold prices ended lower Thursday, with bullion retreating from a record rally that had seen the precious metal notch nine consecutive days of gains. The precious metal found support Wednesday following the Federal Reserve signaling it planned to keep the low interest rate environment in place for the foreseeable future as the U.S. […]

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COVID Pandemic Will Support Gold In Long Term as Highlights Strong Fundamental Reasons To Invest In Gold

Gold Hits Record High: Sprint Or Marathon? (Investment Update from the World Gold Council – 30 July, 2020) COVID-19 pandemic may bring structural shifts to asset allocation and there are strong fundamental reasons supporting gold investment longer term. Gold has been on a generally positive trend for the past few years and the onset of […]

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Gold Reaches $2,000/oz Prior to Two “Concerted Attacks” In Futures Market

The King Report “Anyone that’s been around the block a few times with gold knows that at some point ‘they’ will stage a concerted effort to drive gold lower.” December gold hit $2,000 at 21:19 ET Monday. It then retreated and traded sideways until 22:50 ET. Then someone slammed gold down to $1,955 in 20 […]

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Gold Price Could Reach $2,800 to $3,500 in Two Years – Analysts

NEWS and COMMENTARY Dollar sinks to two-year low as gold rises on concern over US virus toll – FT Gold prices could hit $3,500 in two years, analyst says – CNBC Gold Loses Momentum After Touching Record as Silver Whipsaws – Bloomberg via YF Gold beats a retreat from record peak as dollar bounces – […]

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Gold Surges To All Time Record High Over $1,940/oz

◆ Gold prices have surged through the all time record nominal high of $1,915/oz in 2011 to over $1,942/oz today due to concerns about the outlook for stocks, bonds and other assets amid a very vulnerable U.S. and global economy. ◆ Gold has surged to new record highs in all major currencies today including new […]

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Gold futures end a stone’s throw away from a record

From Marketwatch Gold futures ended higher for a fifth straight session Thursday, with the most-active contract just short of notching a settlement record, highlighting feverish demand for bullion amid the worst pandemic in over a century. If gold gets to its 2011 record high, “who is to say it can’t go to $2,000 next?” wrote […]

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Silver Breaks Out!

The price of an ounce of silver broke through the resistance level at $21 and continued to rise to $22.75, a level not seen since 2013! Over the last few weeks investors have been taking advantage of any pullback in the price of silver to add to their positions, which has continued to underpin this […]

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Gold’s Role As A Store Of Value Over Centuries – Mark O’Byrne

Delighted to have been asked to speak on the Market Musings Podcast recently. Just click on the play button below to listen. “Market Musings welcome the founder and research director Mark O’Byrne from GoldCore. When it come to gold and silver Mark is your man. He explains how gold has a tried and tested performance […]

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Gold Protects from Financial Crisis and Crashes Throughout History – Lucey and O’Connor

This is an interesting interview between Professor Brian Lucey and Dr. Fergal O’Connor, lecturer in finance and economics at University College Cork (UCC) on gold’s performance as a safe haven asset in the last 200 hundred years and in recent history including the 2008-2012 global financial crisis.  The pandemic is one moment in history and Brian […]

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‘Death Cross’ Strikes U.S. Dollar As Virus Cases Grow

(Reuters) A resurgent coronavirus pandemic in the United States and the prospect of improving growth abroad are souring some investors on the dollar, threatening a years-long rally in the currency. The dollar index is off 6% from its recent highs, while net bets against the currency in futures markets stand near their highest level since […]

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Silver Offers a Golden Opportunity to Preserve Soon to Be Destroyed Value

The fundamentals for silver and gold are very strong, and with all the massive bailouts and stimulus, which have increased debt levels, they are just getting stronger.Until a significant portion of these debts is repaid or defaulted on, it would be foolish to talk about a top in precious metals. The repayment of debt (or […]

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Gold Tops $1,800/oz To Highest Level Since September 2011; Up Nearly 20% in 2020

◆ Spot gold has risen to above $1,802/oz today for the first time since September 2011, taking year to date 2020 gains to 20%. ◆ Gold has been eking out gains since mid-March as gold buyers diversify into the safe haven asset to hedge the risk that the looming global recession will have on risk […]

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Silver and Platinum Bar Deliveries Surge As Banks Take Delivery

◆ Physical Demand Supply Imbalance Spreading from Gold to Silver and Platinum and Prices To Gain ◆ ‘Chaos’ in gold markets ripples to silver and platinum markets ◆ Silver, platinum exchange physical bar deliveries surge as banks reposition ◆ Falling open interest signals increase of metal on CME exchanges as turmoil causes inventories to jump […]

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Gold Will “Trend Toward $10,000 Per Ounce Or Higher” Over The Next Four Years

◆ Central Banks Are “Gold’s Greatest Ally” and They Will Push Gold Prices Much Higher You’re likely aware of the price action in gold lately. Gold has rallied from $1,591 per ounce on April 1 to $1,782 per ounce as of today. That’s a 12% gain in less than three months. My earlier forecast was […]

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