Gold News

Brexit and Global Growth Risks Sees Gold Gains In Euros, Pounds and Other Currencies

‘Hard’ Brexit Risk Sees Gold Gain In Euros and Pounds – Nears £1,000/oz & €1,100/oz Gold was lower today in dollars but saw slight gains in pounds and euros. It was supported by increasing concerns about the likelihood of a ‘hard’ Brexit, about global economic growth and uncertainty around the Fed’s interest rate policies in […]

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Yellen Warns Another Financial Crisis Is Brewing

– ‘Gigantic holes in the system’ warns former Fed Head – Interest rates will remain lower than they have been in past – Leveraged loans pose risks and there is unfinished regulation – “I think things have improved, but then I think there are gigantic holes in the system” – No new financial crisis in ‘our […]

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Gold Krugerrand Coin Worth $1,200 Donated To Charity Again

– Gold Krugerrand coin worth $1,200 put in charity kettle – this time in Alaska – Mystery Salvation Army gold donors keep giving Gold Krugerrands – Gold, like pounds, euros and dollars can be used for good or ill – Give the gift of gold in this the Season of Kindness  Gold Krugerrands (1 oz) […]

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EU Recession Imminent – Euro Disunion as Brexit, Italy and End of QE Loom

by John Mauldin Someone asked recently how many times I had “crossed the pond” to Europe. I really don’t know. Certainly dozens of times. It’s been several times a year for as long as I remember. Graphic: European Central Bank That makes me an extremely unusual American. Most of us never visit Europe, except maybe for […]

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Gold and Silver Gained 2% and 3% Last Week While Stocks Dropped Nearly 5%

  Close Gain/Loss On Week Gold $1248.40 +$10.10 +2.19% Silver $14.63 +$0.25 +3.25% XAU 67.94 +2.40% +5.40% HUI 153.93 +2.58% +6.13% GDM 560.05 +2.34% +5.32% JSE Gold 1201.13 -0.09 +9.31% USD 96.60 -0.14 -0.61% Euro 114.10 +0.24 +0.80% Yen 88.80 +0.01 +0.67% Oil $52.61 +$1.12 +3.30% 10-Year 2.856% -0.031 -4.86% Bond 143.90625 +0.34375 +2.27% Dow […]

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Irish Central Bank Refuses To Discuss Gold Reserves In Bank of England Vaults

– As Brexit looms, the Central Bank of Ireland has refused to discuss the location and value of Irish gold reserves – No date given for removal of “commercially sensitive” gold reserves from Bank of England vaults – Bank of England vaults in London believed to hold almost €200 million of Irish gold – Ireland’s financial system […]

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“Fake Markets” To Lead to Global Financial Crisis? – Goldnomics Podcast

– What are “Fake Markets” and will they lead to another global financial crisis? – What do fake markets mean for stock and bond market performance in the future?  – Is this the right time to re-balance portfolios and hold more cash and gold? In episode 9 of the Goldnomics Podcast, Stephen Flood GoldCore CEO […]

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Gold Is “Coiled” and Looks Set To Surge Like Natural Gas — Bloomberg Intelligence

– Gold’s “setup” is “similar to natural gas before its big rally” – Gold is gaining favour over stocks, bitcoin and cryptos – Metals may be primary beneficiaries of imminent greenback peak – Silver “appears ready for a potential longer-term recovery” – GoldCore editors note: Natural gas is 56% higher year to date by Bloomberg Intelligence […]

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“Collapse Of Civilisation Is On The Horizon” – Attenborough Warns World Leaders

– “Time is running out” – Sir David Attenborough “Continuation of civilisation is in your hands,” Attenborough warns world leaders – Mass extinction is “on the horizon” – Failure to ‘join the dots’ between environmental risks and significant economic challenges (Editors note: The world faces some very serious ecological challenges due to the pollution, destruction […]

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Deutsche Bank May Cause The Next Global Crisis

By Greg Hunter’s USAWatchdog.com The International Monetary Fund (IMF) previously deemed Deutsche Bank as the most systemically dangerous bank in the world. Professor of Economics and Law, William Black, knows why and contends: “Deutsche Bank (DB) poses as what is called a ‘National Champion’ bank and the largest bank by far in Germany, but it’s actually the largest criminal enterprise in Germany. This […]

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Ireland’s Mr Gold Reveals Nuggets Of Wisdom For When The Next Crash Comes

Ireland’s Mr Gold Reveals Nuggets Of Wisdom For When The Next Crash Comes Editors note: I am not sure what to make of being called “Ireland’s Mr Gold” but I suppose you could be called worse. For me, my fellow founder Stephen and our excellent team, it has never been about gold itself, but rather […]

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BREXIT May Lead to UK Property Crash and Depression

– Brexit no-deal would lead to “worst crash since 1930s” – Gold rose 0.6% in dollars and 1.2% in pounds today – UK economy could contract by 8%, house prices fall 30%, sterling fall 25% warns Bank of England – Sterling collapse would push Irish economy into recession – Carney’s doomsday scenario sees the crippling of UK […]

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General Motors And General Electric Highlight The Ponzi Scheme That Is The US Economy

  … GE and GM are both telling us the US economy is in huge trouble by Michael Snyder of The Economic Collapse Blog America’s twin economic “generals” are both in very deep trouble. General Electric was founded in 1892, and it was once one of the most powerful corporations on the entire planet. But […]

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A Worldwide Debt Default Is A Real Possibility

by John Mauldin via Forbes.com A Worldwide Debt Default Is A Real Possibility Is debt good or bad? The answer is “Yes.” Debt is future spending pulled forward in time. It lets you buy something now for which you otherwise don’t have cash yet. Whether it’s wise or not depends on what you buy. Debt to […]

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Risk of Lower Lows in Gold Remains Prior to Spectacular Rally to Follow

By David Brady, CFA Last week, I provided the fundamental background for why I believe the risk of lower lows in Gold remains, based primarily on USD/CNY breaking the critical 7 threshold. I also provided the rationale for the enormous rally to follow, driven by a reversal in policy by the Fed following a stock […]

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Gold and Silver Hold Firm as Stocks and Oil Lower in to US Holiday Weekend

Key Gold and Precious Metals News, Commentary and Charts This Week Gold and silver traded sideways this week as we saw stock markets take some heat and undo most of the recent recovery from the October sell off. Oil has sold off and is now at levels that we haven’t seen since 2017. Credit: Weekly […]

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Is Brexit a Massive Threat to Globalisation?

Is Brexit a Massive Threat to Globalisation? As Theresa May heads back to Brussels today in a last ditch effort to renegotiate her Brexit deal in order to get it passed through the British Parliament, we take a look not just at the current state of DIS-unity but also ask the question – is Brexit […]

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Stock Markets Remains Extremely Overvalued – Hussman

The Heart of the Matter by John Hussman of Hussman Funds Let’s be clear. October’s market decline was a rather mild warning shot. At its lowest close, the S&P 500 lost -9.9% from its September peak, before rebounding in recent sessions. As I noted during the 2000-2002 and 2007-2009 collapses, intermittent “fast, furious, prone-to-failure” rebounds are among the […]

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Stocks are Now in ‘Complete Bitcoin Territory,’ Asset Manager Says

Asset management firm Fasanara Capital compared stock valuations to bitcoin in that “it is totally disconnected from fundamentals,” its chief executive told CNBC Impending tipping point for markets is due to a synchronicity of enterprise overvaluation, high indebtedness, low cash balances and a drawback in public flows Still, a major selloff hasn’t arrived, and many market-watchers continue to […]

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Brexit’s Safe Haven Is a Dangerous Place

Gilts are on a tear as investors escape U.K. stocks and the pound. But a no-deal Brexit or a Corbyn government would soon change their status. By Mark Gilbert  and Marcus Ashworth (via Bloomberg.com) British investors have been fleeing their domestic stock market in droves all year, and everyone and their dog lined up to sell sterling on […]

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