GoldCore News

Silver Likely To Rebound On Falling Supply and Safe Haven Demand

World’s Largest Silver Mines Saw Production Fall 8% In 2018by Capital Economics • Despite weaker industrial demand, we expect silver prices to rally by more than 10% this year as safe-haven demand returns and mine production falters. • To recap, the price of silver plunged last year, in line with industrial metals prices amid trade […]

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IMF Says Global Economy Cooling, Coordinated Stimulus May be Needed

Gold hits highest in more than a week; dollar, stocks retreat (Reuters.com) Venezuela removes eight tonnes of gold from central bank – sources (Reuters.com) Share rally cools as Trump turns trade heat on Europe (Reuters.com) IMF says global economy cooling, coordinated stimulus may be needed (Reuters.com) IMF cuts global growth outlook to 3.3% amid trade […]

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Russia Dumps U.S. Dollars and Buys Gold As “Safety Metal”

(Bloomberg) — Vladimir Putin’s quest to break Russia’s reliance on the U.S. dollar has set off a literal gold rush. Within the span of a decade, the country quadrupled its bullion reserves, and 2018 marked the most ambitious year yet. And the pace is keeping up so far this year. Data from the central bank show […]

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Fed Will Embrace ‘Helicopter Money’ In The Next Few Years

Gold tops 1-week high on dollar weakness, pause in stocks rally (Reuters.com) Gold pokes back above $1,300 as U.S. dollar, stocks slump (MarketWatch.com) Investors hit pause as ECB and Brexit risks loom (Reuters.com) Stocks edge higher as crude oil gains (Reuters.com) Gold prices hit one-week high as dollar turns lower (Reuters.com) Trump’s Fed Picks Have […]

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How A ‘No Deal’ Brexit Could Lead To The “Lehmanization” Of Europe

(The Telegraph) — Odds of a ‘no deal’ Brexit next week have risen markedly, as the Commons fails to coalesce around a viable alternative to Theresa May’s deal, while once again rejecting the “best possible deal” negotiated between the prime minister and the EU27, albeit by a smaller, yet still considerable, margin than in the […]

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Five Countries With The World’s Biggest Gold Reserves

Gold prices hit one-week high as dollar turns lower (Reuters.com) Asia shares at 7-mth peak as China talks stimulus (Reuters.com) Gold prices hit one-week high as dollar turns lower (Reuters.com) PRECIOUS-Gold treads water as solid U.S. jobs data lifts risk assets (Reuters.com) Five countries with the world’s biggest gold reserves (RT.com) The Road Ahead for […]

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Silver Bullion Set to Soar to $50 an Ounce (GoldCore Video)

– Silver bullion is the most undervalued precious metal, commodity and asset today – Silver very rarely covered in the media and thus the fundamentals are not understood – Supply demand fundamentals are very positive indeed as seen in recent report from Capital Economics – While industrial demand may weaken, investment and safe haven demand […]

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Trump Selects Second Gold Standard Advocate For Fed – Sources

News and Commentary Gold dips to four-week low as dollar rises on robust weekly jobs data (GoldReview.com) Gold futures finish slightly lower as dollar index bucks up (MarketWatch.com) Trump Selects Gold Standard Advocate Cain for Fed Board – Sources (Bloomberg.com) Trump says U.S. economy strong despite ‘destructive actions’ by Fed (Reuters.com) Italy’s ruling populists push ahead […]

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Perth Mint’s Gold Bullion Sales Surge 68% In March

Perth Mint’s Gold Bullion Sales Surge 68% In March  (Reuters) – The Perth Mint said on Monday its gold products sales in March surged about 68 percent from the previous month, touching the highest level since November last year. Sales of gold coins and minted bars in March rose to 32,757 ounces from 19,524 ounces […]

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U.S. Services & Employment Data Highlights Slowing Economy

News and Commentary Gold edges higher as dollar eases, equities rally pauses (Reuters.com) Gold little changed with risk concerns on U.S.-China trade talk (MarketWatch.com) Escalating U.S.-China trade war would hit manufacturing, agricultural jobs: IMF (Reuters.com) U.S. services, private payrolls data highlight slowing economy (Reuters.com) NATO chief warns of Russia threat, urges unity in U.S. address (Reuters.com) […]

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7 Reasons To Worry About the Global Economy In Charts

a) Trade Uncertainty: Global trade has seen a sharp downturn in recent months b) Policy Uncertainty: Brexit, U.S., China & global economic policy uncertainty surges c) Financial Conditions: Financial markets are beginning to show signs of stress d) Dollar Strength: Greenback strength impacts emerging markets such as Turkey e) Economic Surprises: Economic data globally has […]

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Gold Breaks Out From Trendline Resistance

News and Commentary Gold books slight gain as stock-market bulls take a breather (MarketWatch.com) Gold firms as U.S. stocks retreat; strong dollar caps gains (Reuters.com) Italy to pass decree on Thursday to reimburse savers hit by bank rescues (Reuters.com) U.S. new construction plunged about 53.9% (GoldReview.com) Bitcoin’s Sudden Surge Propels It Above $5,000 (Bloomberg.com) Source: Bloomberg […]

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Central Banks Continue to Buy Gold at a Record Clip

News and Commentary Gold near 3-week lows as dollar, equities rise (Reuters.com) Gold ends further below $1,300 as stock market revs higher to start Q2 (MarketPulse.com) U.S. halts arms sales to NATO-ally Turkey, protests plans to buy from Russia (PakistanToday.com.pk) Oil rises on Iran sanctions threat, Venezuela shutdown (TheStar.com.my) Brexit: No deal more likely but can […]

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ItalExit and Cyber Risks in a Cashless World May Be Bigger Risks Than Brexit : Interview with GoldCore CEO

Brexit Bringing Gold From London To Dublin: My Job with GoldCore CEO Stephen Flood – Italy-exit or ItalExit: While all of the media and public attention is on the fallout from Brexit and Trump’s policies; ‘Italexit’ is possibly a bigger threat to European investors – Digital risks to deposits: Gold will become even more valuable as a tangible asset […]

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Putin’s Gold Rush: Russia Is Dumping US Dollars To Hoard Gold Bullion

News and Commentary Gold slips as equities gain on trade talk progress, China data (Reuters.com) Russian banks join Chinese alternative to SWIFT payment system (RT.com) Oil prices rise, adding to biggest quarterly gain in 10 years (Reuters.com) Asia lifted as Wall Street climbs on trade developments, pound sags (Reuters.com) U.S. Mint American Eagle gold coin sales […]

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Ireland and EU Countries Must Seek ECB Approval to Manage Gold Reserves – Draghi

– EU countries must seek ECB approval to manage gold reserves: Draghi – European Central Bank in effect tells euro-zone countries your gold is the ECB’s by Francesco Canepa on Reuters The European Central Bank needs to approve any operation in the foreign reserves of euro zone countries, including gold and large foreign currency holdings, the ECB’s President […]

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Ireland and EU Countries Must Seek ECB Approval to Manage Gold Reserves – ECB

News and Commentary ECB Tells Euro-zone Countries Your Gold Is Ours (Reuters.com) Gold’s 1.6% Decline Leaves It Firmly Below Key $1,300 (MarketWatch.com) Palladium sinks 6 pct in free fall, gold sheds 1 pct (Reuters.com) U.S. fourth-quarter GDP revised down; profits weak (Reuters.com) Deutsche Shares Plunge As Bank Discusses Raising Up To 10 Billion For Commerzbank Deal […]

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Global Risks Increasing – Underlining The Case For Gold in 2019 (GoldCore Video Presentation)

Global Risks Increasing – Underlining The Case For Gold in 2019 Video presentation by Research Director of GoldCore, Mark O’Byrne, on the strong case for gold due to increasing global uncertainty and risks. Topics, slides and charts considering – “Gold tends to increase in periods of systemic risk” – “Gold outperforms stocks and bonds in […]

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Trump Tells Russia To Get Its Troops Out Of Venezuela

News and Commentary Gold creeps higher on falling yields, global growth worries (Reuters.com) Turkey running low on hard cash reserves as markets fear ‘dollarisation’ (Reuters.com) U.S. current account deficit hits 10-year high ($134.4 billion) (Reuters.com) Wall Street treads water as global growth fears prevail (Reutes.com) Trump tells Russia to get its troops out of Venezuela (AlJazeera.com) […]

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Brexit and Learning To “Live With Boom and Bust Economic Cycles”

by John Downing via Independent.ie Generations of people have learned to live with boom and bust economic cycles. Years of relative plenty were followed, as night follows day, by grief including high unemployment and forced emigration on a large scale. In fact, if you go back much beyond the late 1960s, it would not be […]

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