Gold Blog

Year-end Rate Hike Once Again Proves To Be Launchpad For Gold Price

Year-end rate hike once again proves to be launchpad for gold price – FOMC follows through on much anticipated rate-hike of 0.25% – Spot gold responds by heading for biggest gain in three weeks, rising by over 1% – Final meeting for Federal Reserve Chair Janet Yellen – Yellen does not expect Trump’s tax-cut package […]

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UK Stagflation Risk As Inflation Hits 3.1% and House Prices Fall

UK Stagflation Risk As Inflation Hits 3.1% and House Prices Fall  – UK inflation hits 3.1%, highest in nearly six years – UK earnings flat – households are still suffering falling real wages – Stagflation risk as food and drink prices jumped 4.1% in 12 months – UK house prices fall two-months in a row, […]

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Buy Gold, Silver Time After Speculators Reduce Longs and Banks Reduce Shorts

Buy Gold, Silver Time After Speculators Reduce Longs and Banks Reduce Shorts – Gold and silver COT suggests bottoming and price rally coming – Speculators cut way back on long positions and added to short bets – Commercials/banks significantly reduced short positions – Commercial net short position saw biggest one-week decline in COMEX history – ‘Big 4’ […]

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Bitcoin – Plan Your Exit Strategy Now – Maybe With Gold

Bitcoin – Plan Your Exit Strategy Now – Maybe With Gold Made money in bitcoin? Well done. Don’t wait until the stampede starts. Here’s what you must do now. by Dominic Frisby in Money Week So there I was on Sunday afternoon, doing what it is one does on a Sunday – very little in […]

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Gold Demand Increases Along with Uncertainty Thanks to Trump, Brexit and North Korea

Gold demand increases along with uncertainty thanks to Trump, Brexit and North Korea – Recent events have increased concerns over ability of leaders to repair rather than excerbate problems – Holdings in gold-backed ETFs rose by 9.1 tonnes to 2,357 tonnes thanks to European demand – Trump inflames Middle East tensions. Israel announcement seen as […]

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UK Pensions Risk – Time to Rebalance and Allocate to Cash and Gold

UK Pensions Risk – Time to Rebalance and Allocate to Cash and Gold – Value of Sterling and increased risks place pressure on pensioners both in UK and abroad – 500,000 British expats face ‘frozen’ pensions – 61% of UK Direct Benefit pension schemes have more money going out than coming in – OECD report […]

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Bailins Coming In EU – 114 Italian Banks Have NP Loans Exceeding Tangible Assets

Bailins Coming In EU – 114 Italian Banks Have NP Loans Exceeding Tangible Assets – Italy opposes ECB proposal that holds banks to firm deadlines for writing down bad loans – Italy’s banks weighed down under €318bn of bad loans – New ECB rules could ‘derail’ any recovery in Italy’s financial system – Draft proposal requires […]

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Silver’s Positive Fundamentals Due To Strong Demand In Key Growth Industries

Silver’s Positive Fundamentals Due To Strong Demand In Key Growth Industries – Increased efforts in green energy and advanced technology set to boosts silver’s demand – Four-year supply deficit set to increase due to fewer mine openings and discoveries – Bank manipulation may be why silver under performing – TD Securities and the Bank of […]

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An Interview with GoldCore Founder, Mark O’Byrne

An Interview with GoldCore Founder, Mark O’Byrne “Uber-bull predictions of gold at over $5,000 per ounce are not beyond the realms of possibility…” So says GoldCore founder and self-confessed gold bug, Mark O’Byrne. Indeed, I recently caught up with Mark to get his thoughts on gold and what’s going on with it right now… But […]

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Risk Of Online Accounts Seen As One of Largest Brokerages In World Halts Online Trading After “Glitch”

– ‘Technical issue’ at Fidelity temporarily blocks access to online accounts and halts online trading – Fidelity is 3rd largest brokerage by client assets: $1.7 trillion at the end of 2016 – NatWest, RBS, Ulster Bank  have experienced online banking “issues” in November – Clients left without access to funds & failed payments & little to […]

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Low Cost Gold In The Age Of QE, AI, Trump and War

‘Fear and Loathing In the Age of QE … AI’ is a presentation given at Mining Investment London earlier this week. Stephen Flood, CEO of GoldCore presentation (28 minutes) was well received at the conference which is a strategic mining and investment conference for leaders in the mining and investment sectors, bringing together attendees from 20 countries. Key topics in the video: – A […]

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Own Gold Bullion To “Support National Security” – Russian Central Bank

– We own gold bullion to “support national security” – Russian Central Bank – Russia warns Washington: Confiscating fx reserves would be “declaration of financial war” – Russia has quadrupled its gold bullion reserves in decade – BRICs discussing ‘the possibility of establishing a single (system of) gold trade’ – Russia, China & maybe Saudi Arabia form alliances […]

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Bitcoin $10,000 – Huge Volatility of Cryptocurrencies and Risky Fiat Making Gold Attractive

– Bitcoin tops $10,000, soaring more than 850% since beginning of 2017 – Irrational exuberance arguably main driver of price performance – Google Trends shows search for ‘Bitcoin Bubble’ hit highest level this morning – Buyers need to be aware of hacking and security risks – Other primary risks to widespread adoption is volatility and liquidity risk […]

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Financial Advice from Dr Wayne Dyer

Financial Wisdom from Dr Wayne Dyer – Don’t make money the guiding principle for what you have or do – Avoid debt, focus on value rather than price in $, € & £ – Do everything you can to eschew debt – Finding the inherent value in everything – A dollar does not determine worth – The 12-step program […]

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Buy Gold As Fed Shows Uncertainty And Concern Over Financial ‘Imbalances’

– FOMC minutes show uncertainty and concern about markets are affecting officials’ decision-making – Officials were cautious when evaluating market conditions and the ‘damaging effects on the economy’ – Worry about ‘potential buildup of financial imbalances’ and a sharp reversal in asset prices’ – Members seem oblivious to impact of inflation on households and savings […]

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Brexit Budget – Grim Outlook As UK Economy Downgraded

– Brexit budget – Grim outlook as UK economic forecasts downgrade – UK Chancellor uses housing market policy as smoke-screen for deteriorating economy – UK budget matters more than ever due to BREXIT risks – Policy on stamp duty will fail to aid worsening housing market – Real GDP expected to grow by just 1.5%, 40% […]

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Geopolitical Risk Highest “In Four Decades” – Gold Demand in Germany and Globally to Remain Robust

– Geopolitical risk highest “in four decades” should push gold higher – Citi – Elections, political and macroeconomic crises and war lead to gold investment – Political uncertainty in Germany means “gold likely to remain in good demand as a safe haven” say Commerzbank –  “There has rarely been such political uncertainty in Germany at any time […]

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Gold Versus Bitcoin: The Pro-Gold Argument Takes Shape

– Gold versus Bitcoin: The pro-gold argument takes shape – Why cryptocurrencies will not replace gold as a store of value – Similarities between crypto and gold but that does not make them substitutes – Gold remains a highly liquid market, cryptocurrencies continue to be fragmented and difficult to spend – Bitcoin does not make it […]

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Money and Markets Infographic Shows Silver Most Undervalued Asset

Money and Markets Infographic Shows Silver Most Undervalued Asset – Silver remains severely under owned and under valued asset – Entire silver market worth tiny $100 billion shown in one tiny square – “All of the World’s Money and Markets in One Visualization” – Must see ‘Money and Markets’ infographic shows relative size of key […]

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Is New Fed Chief A “Swamp Critter Extraordinaire”?

– Is the New Fed Chief Jeremy Powell a “Swamp Critter Extraordinaire”? – Trump surrounding himself with elites disconnected from everyday society – Realities of America’s difficulties not recognised by US power makers – Powell will likely continue to protect Wall Street over Main Street – Savers should diversify to protect themselves from Fed’s ponzi policies Editor: Mark O’Byrne Just […]

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Silver Prices To Surge - JP Morgan Has Acquired A "Massive Quantity of Physical Silver"

Silver Prices To Surge - JP Morgan Has Acquired A "Massive Quantity of Physical Silver" - JP Morgan continues to accumulate the biggest stockpile of physical silver in history - "JPM now holds more than 133m oz -more than was[...]

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98,750,067,000,000 Reasons to Buy Gold in 2018

98,750,067,000,000 Reasons to Buy Gold in 2018 - World equity index market capitalization touching distance of $100 trillion dollars at beginning of December - Key indicators across global financial markets are looking decidedly bubble-like - Little indication that we are[...]

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Gold Prices Rise To $1,326/oz as China U.S. Treasury Buying Report Creates Volatility

- Gold prices rise to $1,326/oz on concerns China may slow U.S. Treasury buying - Equities fell sharply on the report as did Treasurys and the U.S. dollar - Chinese officials think U.S. debt is becoming less attractive compared to other[...]

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