Weekly Briefing: Currency Wars – ECB Warns Re Trump, Russia and Turkey Buy Gold and BOE Bitcoin Warning

Russian Central Bank Buys Gold 600,000 Ounces In January As Venezuela Launches ‘Petro Gold’

US-China Trade War Escalates As Further Measures Are Taken

Bank Bail-In Risk In European Countries Seen In 5 Key Charts

Bitcoin or British Pound ‘Pretty Much Failed’ As Currency?

 

News and Commentary

Trump Currency Wars – ECB Warn (IrishTimes.com)

Gold swings higher as dollar surrenders early gains (Reuters.com)

Gold books slight gain as dollar softens (MarketWatch.com)

U.S. 30-year mortgage rates rise seventh straight week (Reuters.com)

Stocks rebound in broad rally as strong labor data overshadows Fed jitters (MarketWatch.com)


Source: ZeroHedge via Econimica blog

Twin beliefs propping up this market are crumbling (MoneyWeek.com)

Platinum is the one asset I feel tempted to bet on right now (MoneyWeek.com)

Who Will Buy Trillions Of US Treasuries? (ZeroHedge.com)

Are Bitcoin Gains a Loss for Gold Investors? (RealDaily.com)

How to protect your portfolio from the next banking crisis (DailyReckoning.com)

Gold Prices (LBMA AM)

23 Feb: USD 1,328.90, GBP 951.09 & EUR 1,079.20 per ounce
22 Feb: USD 1,323.50, GBP 952.66 & EUR 1,076.40 per ounce
21 Feb: USD 1,328.60, GBP 952.87 & EUR 1,078.16 per ounce
20 Feb: USD 1,337.40, GBP 955.97 & EUR 1,083.83 per ounce
19 Feb: USD 1,347.40, GBP 961.10 & EUR 1,085.47 per ounce
16 Feb: USD 1,358.60, GBP 964.61 & EUR 1,086.47 per ounce
15 Feb: USD 1,353.70, GBP 962.21 & EUR 1,084.45 per ounce

Silver Prices (LBMA)

23 Feb: USD 16.61, GBP 11.88 & EUR 13.50 per ounce
22 Feb: USD 16.47, GBP 11.86 & EUR 13.40 per ounce
21 Feb: USD 16.44, GBP 11.80 & EUR 13.35 per ounce
20 Feb: USD 16.57, GBP 11.85 & EUR 13.42 per ounce
19 Feb: USD 16.72, GBP 11.92 & EUR 13.46 per ounce
16 Feb: USD 16.84, GBP 11.97 & EUR 13.49 per ounce
15 Feb: USD 16.83, GBP 11.98 & EUR 13.49 per ounce


Recent Market Updates

– Russian Central Bank Buys Gold – 600,000 Ounces Or 18.7 Tons In January As Venezuela Launches ‘Petro Gold’
– Bitcoin or British Pound ‘Pretty Much Failed’ As Currency?
– Bank Bail-In Risk In European Countries Seen In 5 Key Charts
– US-China Trade War Escalates As Further Measures Are Taken
– Gold Up 3.8% In Week – If Closes Above $1,360/oz Will Be Biggest Weekly Gain In Nearly 2 Years
– Is The Gold Price Heading Higher? IG TV Interview GoldCore
– Global Debt Crisis II Cometh
– Sovereign Wealth Funds Investing In Gold For “Long Term Returns” – PwC
– Bitcoin and Crypto Prices Being Manipulated Like Precious Metals?
– “This Is Where They Completely Lost Their Minds” – Hussman
– Brexit Risks Increase – London Property Market and Pound Vulnerable
– Peak Gold: Global Gold Supply Flat In 2017 As China Output Falls By 9%
– Crypto Currency Backlash Sees Flight From Cryptos and Bitcoin

Call for Gold Sovereigns at Ultra Low 4% Premium For Storage in London or Insured Delivery

Mark O'Byrne

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