Today we are taking our weekly look at the charts for gold and silver. Corvid 19, the US Election and US Financial Stimulus talks have given gold plenty to digest over the last week. On a short term basis gold has been taking a lot of signal from the fortunes of the stock markets and […]
In today’s video GoldCore’s Mark O’Byrne is interviewed by the Wealth Research Group, discussing the start of a new bull run for gold and silver and what we can expect. Some of the areas Mark touches on today include… What investors are currently buying The importance of owning physical gold Comparing golds performance with previous […]
Ignore the noise of the Trump or Biden Presidency and focus on the dollar and gold’s fundamentals Election day 2020 on November 3rd is now only a matter of days away.The Trump versus Biden battle has been and will in the final days, continue to be one of the most viciously fought elections in American […]
The chart of silver at the moment shows that it is poised for a breakout move. It has failed on a number of occasions recently to close above resistance at $24.40. If we do see it closing above this level that could signal a quick move up to the next major resistance at $26.50. However […]
Markets have struggled to find a clear direction as they attempt to digest US election news, debate performance, the impact of increased Covid-19 restrictions in many countries and vaccine news. The charts of gold and silver reflect the battle for dominance between the Bulls and the Bears. Today’s silver chart is a bit more crowded […]
Momentum selling took gold and silver through more levels of technical support yesterday the market dealt with a number of negative influences. The recent increase in volatility has forced a increase in margin requirements which tends to fuel short term selling in precious metals. This coupled with continuing short term weakness in the equity markets, […]
Anxiety about an increase in Covid19 cases and fears of a second wave coupled with revelations of historic money laundering practices of major global banks weighed heavily on financial markets yesterday. Precious metals were not immune to the sell off which saw gold below $1,900 and silver off a whopping 12% during intraday trading. The […]
◆ “Buying physical gold and silver are the most revolutionary acts one can make … there are no real markets anymore, there are just manipulations” – Chris Powell of GATA ◆ “We love ‘God’s money’ silver and gold, they are real money and they have been manipulated and all markets, currencies and money are manipulated […]
◆ “We remain in love with gold – especially in times of uncertainty.” ◆ With the pandemic and global lockdowns, “interest in gold has soared, driving its price to historic highs.” ◆ Even Buffett seems to have softened his longstanding antipathy, with Berkshire Hathaway acquiring a massive US$565 million stake in the world’s second-largest gold […]
Since it’s sell-off from it’s early August high, gold has been stuck in an ever decreasing range. Having had a remarkable rally to an intra-day high of $2,078 on the 7th of August Gold has traded sideways and consolidated. This has been viewed by many market commentators as a healthy pause in gold’s bull rally […]
Turbulence in financial markets continues with tech equity markets particularly effected. GoldCore CEO Stephen Flood looks at the effect that the buying of equity derivatives by large “Whales” like Softbank, is having on equity markets. With stocks like Tesla recording PE ratios over 1,200 are we looking at the pin that will burst the tech […]
(CNBC) Interest rates are likely to stay low for years as the economy fights its way back from the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said in remarks published Friday afternoon. “We think that the economy’s going to need low interest rates, which support economic activity, for an extended period of time,” Powell told NPR […]
(Bloomberg) — Gold climbed, recovering from Thursday’s drop, as the dollar sank with investors weighing the impact of the Federal Reserve’s new approach to setting U.S. monetary policy. The metal rose the most in almost two weeks and the dollar touched a two-year low a day after Fed Chair Jerome Powell said the central bank […]
(Reuters) – Traders sold government bonds and bought stocks on Wednesday, placing riskier bets on optimism about U.S.-China trade and expectations of ample central bank stimulus before a key speech by the U.S. Federal Reserve chairman at Jackson Hole. In early London trading, the yield on U.S. 10-year debt rose as high as 0.7190%, close […]
The coming currency reset will be a “very messy” process as fiat currencies are devalued significantly versus gold. It would involve fixing the price of gold at a specific price, like $€£ 5,000 or $€£ 10,000 per ounce and it may happen as soon as this year. Talking Points From This Episode • What a currency reset could look like. • Futures manipulation […]
GoldCore Research Director Mark O’Byrne speaks on “Bloomberg Surveillance” about the factors behind the recent sharp fall in the gold price and as gold recovers above $2,000 per ounce, the very positive medium and long term outlook. The outlook is positive due to significant economic uncertainty due to societal and economic lockdowns as the divisive […]
From RTE: Gold has hit a record high, surging over $2,000 dollars an ounce for the first time in history, as increasing numbers of nervous investors seek a safe place to put their money. Many investors avoid gold because it does not pay dividends or earn interest but its price tends to rise in troubled […]
(Bloomberg) Spot gold headed for back-to-back gains as investors weighed the outlook for the metal’s record-setting rally after this week’s dramatic price swings. Silver climbed the most in more than five years. Rising U.S. bond yields helped spark a sharp selloff in gold and silver Tuesday and early Wednesday, followed by a rebound. Both metals […]
It was the biblical economist Norm Franz who said “Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves.” We are living through one of the greatest monetary experiments in modern history where monetizing debt is enslaving millions. But […]
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 […]