Gold News

Owning GLD Is Not Owning Gold – CNBC

Chris Powell of GATA writes today about how he finds it interesting that CNBC are careful to admit that owning the GLD ETF is not the same thing as owning physical gold, a theme that has run strongly throughout our market commentaries for many years. He writes… Two cheers for today’s CNBC report celebrating the […]

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True US Economy About To Be ‘Revealed’ – Stockman Interview

David Stockman is the former budget director for President Ronald Reagan and author of “Peak Trump: The Undrainable Swamp and the Fantasy of MAGA” He believes that the market “can’t digest” all the money flooding into Wall Street and that the Federal Reserve responded with panic. NEWS and COMMENTARY Gold slips as trade optimism derails […]

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Gold Retreats After Two Days of Gains as Serbia Buys 9 Tons of Gold and Hong Kong Enters Sharp Recession

NEWS and COMMENTARY Gold tallies back-to-back gains as Treasury yields retreat Serbia Buys Nine Tons of Gold to Heed President’s Crisis Advice Global debt surged to a record $250 trillion in the first half of 2019, led by the US and China China central bank injects 200 billion yuan to boost liquidity, keeps rate unchanged […]

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World Debt Downgrade Warning – Moody’s

◆ A World Debt Downgrade Warning (WDDW) has been issued by credit rating agency Moody’s due to deepening global geopolitical uncertainty and risks ◆ Moody’s has issued a debt downgrade warning to the entire world on fears that severe political turmoil from London to Hong Kong poses a threat to the global economy (see News […]

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Gold Price Falls on Selling of Gold Futures Equal to 3 Million Ounces in 30 Minutes

◆ Gold price falls to a three-month low as concentrated selling of COMEX gold futures contracts equal to over 3 million ounces are sold in 30 minutes ◆ 33,596 contracts were aggressively sold in the 30 minutes between 10:00 and 10:30 a.m. New York time which is more than triple the 100-day average for that […]

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Financial Advisers Should Protect Clients By Diversification Into Gold as History Repeats

◆ Financial advisers have not learnt from financial history or even learnt lessons from the near financial collapse ten years ago ◆ Investors in Ireland, the UK and internationally are no more aware of risk in financial markets today than we were ten years ago ◆ Investors are not being well served by financial advisers […]

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Gold Falls 3% In Week to One-Month Low At $1,464/oz As Banks and Hedge Funds Sell COMEX Futures Aggressively

◆ Gold is down 3% this week on concentrated selling of gold futures on the COMEX in New York.◆ Stocks in Asia fell and European indices were mixed today due to conflicting signals between China and the U.S. regarding progress in resolving the trade war which is damaging global economic growth. ◆ Gold has gained […]

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Gold Futures Fall On Trade Deal Hopes; Central Banks of China, Russia, Turkey Buy Gold Bullion

NEWS and COMMENTARY Gold falls as trade-deal uncertainty cuts safe-haven demand China says it has agreed with the US to cancel existing trade tariffs in phases BOJ to continue massive monetary stimulus to hit 2% inflation Dow futures jump 100 points after China and US reportedly agree to remove existing tariffs Syria is lost, Lebanon’s […]

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Deutsche Bank On The Verge Of Creating The EU’s “Lehman Moment”?

NEWS and COMMENTARY The Deutsche Bank Death Watch Has Taken A Very Interesting Turn by Michael Snyder via Zero Hedge The biggest bank in Europe is in the process of imploding and there are persistent rumors that the final collapse could happen sooner rather than later. Those that follow my work on a regular basis […]

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Gold ETF and Central Bank Gold Buying Supports Gold Demand In Q3

Gold demand grew modestly to 1,107.9 tonnes (t) in Q3 thanks to the largest ETF inflows since Q1 2016 ◆ A surge in ETF inflows (258t) outweighed weakness elsewhere in the market to nudge gold demand 3% higher in Q3 ◆ Global central bank buying remained healthy but significantly lower than the record levels of […]

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Video: Has Germany Increased Its Gold Reserves For The First Time In 21 Years?

◆ Has the German Bundesbank increased Germany’s gold reserves for the first time in 21 years? ◆ The important story of how Bloomberg (and only Bloomberg via the Bloomberg terminal) reported that Germany had added to its gold reserves and that “Germany’s reserves climbed to 108.34m oz in September, the first increase since 1998” ◆ […]

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Coming Great Global Gold Reset As Global Debt Hits $246.5 Trillion

◆ In the first quarter of 2019, global debt hit $246.5 trillion ◆ Encouraged by lower interest rates, governments went on a borrowing binge as they ramped up spending, adding $3 trillion to world debt in Q1 alone ◆ It reverses a trend that started in the beginning of 2018, of reducing debt burdens, when […]

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Time To Replace Bonds With Gold

◆ “It may be time to replace bonds with gold”according to the just released excellent new Investment Update by the World Gold Council. ◆ Central banks have shifted to a new regime of easy monetary policy, thus reducing expected bond returns. ◆ As negative yielding debt increases alongside stock-to-yield valuations to all-time highs, gold may become an attractive and […]

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Global Economy Faces ‘Scary Situation’ – Billionaire Investment Manager Dalio Warns

NEWS & COMMENTARY Gold prices range-bound ahead of expected Fed rate cut Gold prices mark one-week low a day ahead of the Fed’s interest-rate decision Stocks drop rapidly on report trade agreement may not be signed at Chile meeting in November Fed may have to do more to calm the stress in the short-term lending […]

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Trump Pumps Market With Trade Talks, Stocks Move Higher, Gold Lower

Sue Trinh, Managing Director of global macro strategy at Manulife Investment Management, speaking on Bloomberg. She had some interesting comments regarding the current market structure, in the shadow of the FED, which is expected to drop rates yet again. Ms Trinh sees boosts in asset prices not translating into any real uptick in the real […]

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“Gold Is God’s Money” – ‘Rich Dad’ on Bloomberg TV

◆ “I like gold because gold is God’s money”, Robert Kiyosaki, personal finance expert and best selling author of “Rich Dad Poor Dad,” tells Bloomberg TV ◆ “Gold and silver will always be here, no matter what the markets are doing, so that is why my foundation is gold, the second is real estate and […]

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Bundesbank Buys Gold – Increasing Concerns About Deutsche Bank, European Banks, the Euro and Dollar

◆ The End Of Fiat In One Chart? ◆ For the first time in 21 years, Germany has openly bought gold into its reserve holdings ◆ With ECB mutiny and Deutsche Bank’s rapid demise, fears are rising of a looming financial crisis, and with that, Germany has shown a renewed interest in gold ◆ Which […]

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Germany Increase Gold Reserves In September For The First Time In 21 Years – IMF

◆ The gold reserves of the German Bundesbank rose in September for the first time in 21 years; German gold reserves rose to 108.34 million ounces in September from 108.25 million ounces last month ◆ It was the Germany’s first gold purchase since 1998 and while the amounts are not huge at 90,000 troy ounces, […]

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JPMorgan Warns U.S. Money Market Stress to ‘Get Much Worse’

◆ Severe funding pressures in U.S. money markets tipped to resurface heading into year-end by JPMorgan who warn that financial stresses are likely to ‘get much worse’ ◆ Goldman Sachs and Bank of America also warn funding issues remain (see below) ◆ Federal Reserve will start buying $60 billion of Treasury bills every month ◆ […]

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A ‘Great Time To Rebalance Investment and Pension Portfolios’ – Newstalk Interview

How Is Gold Doing and What Is The Future Outlook? ◆ Negative interest rates and $250 trillion of global debt has turned the world of investments and pensions “on its head” ◆ Gold is doing very well and is up 17% in dollar terms so far this year (19% in euros and 17% in British […]

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COMEX Halts Gold Trading Twice In One Day After $200 Million Sell Trades

Today’s AM fix was USD 1,248.50, EUR 929.64 and GBP 775.76 per ounce.
Yesterday’s AM fix was USD 1,271.50, EUR 939.69 and GBP 787.11 per ounce.

Gold fell $28.70 or 2.25% yesterday, closing at $1,244.70/oz. Silver slid $0.47 or 2.31% closing at $19.85/oz. Platinum dropped $22.80 or 1.6% to $1,389.00/oz, while palladium fell $9.75 or 1.4% to $708.25/oz.

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UK House Prices 'On Brink' Of Massive 40% Collapse

- UK house prices on brink of massive 40% collapse - UK  at ‘edge of worst house price collapse since 1990s’ - Two leading economists warn of property crash - "We are due a significant correction in house prices" - Brexit and[...]

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