GoldCore News

Interview with Mark O’Byrne: Gold Down 1% In Week; Up 6% In August and Up 17% YTD; ‘Most Probably Correct’ So Cost Average

Dale Pinkert interviews Mark O’Byrne about GoldCore, gold’s outlook, bank and electronic risk, bitcoin and cryptos and Swiss storage “Don’t just count your pips, bullion coins and bars … count your blessings” Gold is 6% higher in August and may correct in the short term so cost average Deutsche Bank is a “basket case” and […]

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Gold Steady At $1,500 As Russia Buys Another 300,000 Ounces Of Gold In July

Russia increased it’s gold reserves by another 300,000 ounces in July and its gold reserves are now worth $101.9 billion Total amount of Russian gold reserves rose 0.4% in July, reaching 71.3 million ounces or 2,218 tons as of August 1 Official figures show gold now accounts for 19.6% of the total reserves of the […]

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Buy Physical Gold ‘At Any Level’ Says Mobius As It Will Go ‘Up, Up and Up’

“Gold’s long-term prospect is up, up and up, and the reason why I say that is money supply is up, up and up” Respected investor Mark Mobius gave a blanket endorsement for investors to buy physical gold Mobius recommended a 10% allocation to gold bullion and warned against gold ETFS which are “susceptible to government […]

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Gold and Silver Prices Move Above Key $1,500 and $17 Levels Again

News and Commentary Gold reclaims $1,500 mark as focus turns to Fed Gold steady after slide below key $1,500 level Gold slips 1% as equities, U.S. Treasury yields rise Wall St. rallies on stimulus cheer, Apple leads tech gains Powell gets the chance this week to make up with markets after his ‘midcycle adjustment’ We […]

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Gold 1% Lower At $1,497 After Third Week Of Gains

Gold prices dip on firmer dollar, stocks Gold prices fall on stronger dollar, equities Papua New Guinea Aims to Retain 30% of Exported Gold, May Change Currency Pegs India’s central bank demands more enthusiasm for gold paperizing campaign Blenheim Palace ‘installs £1million 18-carat gold toilet for visitors’ How modern monetary theory could spike a new […]

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Gold Nears Record Highs In Euros as Deutsche Falls To New Record Low Showing Bank Contagion Risk

* Gold has consolidated on recent gains this week and has crept higher in all major currencies (see LBMA prices below) and is nearing all time record nominal highs in euros * Deutsche bank’s new record low at €5.80 underscores German and European banking contagion risk * FTSE 100 opens slightly higher after trading delay […]

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Gold Consolidates Over $1,500 As Trump Calls The Fed “Clueless” and “Crazy” and Links Trade Wars to Hong Kong

* Gold prices consolidated today, after gold gained nearly 1% yesterday on safe-haven buying as stocks globally fell yesterday and today. * The historic drop in long-term U.S. bond yields could portend a global recession which is impacting risk assets and seeing investors diversify into gold. * China has curbed gold imports according to anonymous […]

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Gold and Silver Prices Resilient Over $1500 and $17 Despite Sharp Selling On COMEX Yesterday

* Gold is 0.8% higher to $15,14/oz and silver is 1.24% higher to $17.20/oz * Gold has consolidated just over the $1,500 level finding support after mor poor economic data from China and Germany raised fears of a global recession * CME raised gold margins from $4k to $4.5k or 12.5% yesterday Gold sheds 2% […]

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Gold and Silver Fall Sharply From 6 Year and 18 Month Highs After Massive Selling In The Futures Market

* Gold and silver fell sharply from six year highs and 18 month highs and fell 0.7% and 0.6% respectively * Massive concentrated selling in the futures markets saw both precious metals fall very rapidly from $1,534/oz and $17.51/oz to as low as $1,487/oz and $16.71/oz * Silver had gone above a 1 and half […]

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Gold Surges To $1,512 At Open In Asia, Falls To $1,488 At Open In London, Then Moves Over $1,500 Again

* Gold up nearly 6% so far in August after 3% gain last week * Gold futures traders increase net longs in COMEX gold * Volatile trading overnight saw gold go higher, lower and then higher again as gold seeks to consolidate at $1,500/oz (see gold in yellow in chart above) NEWS & COMMENTARY Gold […]

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Gold Holds Above $1,500 As Central Banks Lose Control and China Continues to Buy Gold Bullion

NEWS & COMMENTARY Gold and silver are 4% and 4.7% higher respectively for the week so far Gold ends lower but holds firmly above $1,500; Silver loses grip on $17 Gold dips, taking a breather after surpassing key $1,500 level China Increases Gold Reserves & Diversifies From The Dollar European stocks seen lower on trade […]

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Jim Rogers Video Interview: Buy Gold Coins and Silver Coins as Global Crisis Is Coming

◆ “Get knowledgeable and get prepared as this crisis is going to be the worst in my life time” ◆ “I own physical gold and silver coins … everyone should own them” ◆ “I own Chinese, Russian, American, Australian, Austrian silver coins” and “I own UK and other gold coins” ◆ “Singapore has been and […]

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Silver Surges 4.6% To $17.19/oz and Gold Gains 2.4% To $1510/oz as Markets Wobble

NEWS & COMMENTARY Silver prices book largest daily rise in 3 years as gold ends 2.4% higher Gold touches 6-year high; Rush into US bonds sinks global stock markets China Scoops Up More Gold for Reserves During Trade War Growing fears of world recession haunt global markets Fed’s Evans signals support for reducing borrowing costs […]

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Gold Surges Over $1,500/oz as Investors Seek Shelter From Gathering Storm

via Bloomberg via Yahoo Finance Gold futures rallied above $1,500 an ounce on sustained demand for the traditional haven as the U.S.-China trade war festers, global growth slows and central banks around the world ease monetary policy. The metal advanced as much as 1.3% to $1,503.30 an ounce on the Comex, the highest since 2013. […]

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Gold Surges To $1,475/oz and All Time Record Highs In Pounds, Yen, Canadian and Australian Dollars

Gold prices have surged in dollars and all currencies due to the escalation in the trade wars and a return to currency wars between China and the U.S. Gold surged as much as 2% in dollars yesterday and has consolidated on those gains today. It is gold’s highest level in dollars in more than six […]

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Gold Surges To 6 Year High As Trade and Currency Wars Intensify

NEWS & COMMENTARY Gold Firms Near 6-year Peak as Trade Tensions Trigger Safe-Haven Bets Gold Surges to 6-year High as Trade Worries Lift Safe-Haven Bets U.S. Treasury Designates China as a Currency Manipulator US Labelling China ‘Currency Manipulator’ to Shake Global Financial Markets – People’s Bank of China China Media Says U.S. ‘Destroying International Order’, […]

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“We Expect This Selloff To Be Short and Relatively Shallow” said GoldCore

NEWS & COMMENTARY Gold surges nearly 2% after Trump says U.S. will impose new tariffs on Chinese imports “We Expect This Selloff To Be Short and Relatively Shallow” – GoldCore via Blomberg Central Bank Hunger for Gold Lifts Demand to Three-Year High Gold demand leaps to 3-year high as prices surge – WGC Ted Butler […]

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Fed’s Stock Bubble and Why Central Banks Blind Us To Risk

The Federal Reserve dropped interest rates by 0.25% and the U.S. stock markets fell from all time record new highs. They also signaled to a surprised market that this is by no means an ongoing trend. The markets had to do a double take and were not enamored. The Fed has turned dovish from a […]

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Gold and Silver Are “Safe Haven Money” and Have Never Failed Throughout History – Silver Guru

– “I feel called to this … I feel it is my duty to educate as many people as possible” – The Fed is engaged in “extend and pretend” but we are in the “end game” – U.S. bonds are no longer safe due to negative yields and the risk of massive currency depreciation – […]

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Gold Futures Fall, Stocks Fall After Expected Fed Interest Rate Cut

NEWS & COMMENTARY Gold futures finish with a loss after Fed cuts interest rate as expected Gold falls as Fed rate outlook disappoints Fed cuts rates, signals it may not need to do more Wall Street unimpressed by Fed’s expected rate cut Fed cuts interest rates by quarter-point and ends quantitative tightening early US Fed: […]

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