Monthly Archives: June 2016

30
Jun
2016

Silver Bullion Surges, Breaks Out Above $18 and Up 16% In Month

Silver bullion is another 0.5% higher today after yesterday’s 3% gains when silver flew through resistance at the $18 level to close at $18.26/oz. Silver has surged by similar amounts in euros and by 22% in beleaguered sterling. Silver in USD – 10 Years The rally for silver yesterday and today was more impressive than gold’s and saw […]

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29
Jun
2016

Marc Faber “Buys Bullion Every Month” – “Prepare for QE4 as Easing Follows Brexit”

Marc Faber says gold’s investment case has been strengthened by the U.K.’s vote to quit the European Union as the fallout may spur the world’s central banks to step up easing, hurting currencies and favoring bullion, according to Marc Faber, publisher of the Gloom, Boom & Doom Report as reported by Bloomberg today. As reported […]

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28
Jun
2016

Alan Greenspan Warns “Early Days Of A Crisis” and Inflation Coming

Alan Greenspan, the former Chairman of the Federal Reserve has warned that Brexit was a “terrible outcome in all respects” and that we are in the “early days of a crisis.” U.K. policy makers miscalculated and made a “terrible mistake” in holding a referendum on whether to quit the European Union, Greenspan said. That decision led […]

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27
Jun
2016

Gold Surges 10% In Euros In 2 Days On Brexit Fallout

Gold has surged over 10% in euro terms in the last two trading days due to the fallout of the UK’s monumental decision to leave the European Union. Gold has extended the biggest price gains since 2008 as market turmoil  and sharp falls in stocks globally and especially bank stocks led to safe haven demand for bullion coins […]

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24
Jun
2016

BREXIT Creates EU Contagion Risk – Ramifications for Investors, Savers and Companies In Ireland

Note: Our trading desk will be open until 1800 Irish time today and from 0700 Irish time Monday morning (Monday 27th), in order to deal with the increased demand for precious metals. Gold Note – There has been record online sales on the GoldCore website for this time of day and the phones are ringing off the […]

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23
Jun
2016

BREXIT Day – Markets Becalmed – Gold Panic Prelude – Trading Hours

Note:  Due to increased inquiries and demand, our trading desk will be open until 1900 BST today and resume trading from 0700 BST tomorrow. BREXIT Day and the UK EU referendum is upon us today and investors are expecting more choppy trading in financial markets in the coming hours. The City of London is bracing itself for […]

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22
Jun
2016

Gold Lower Despite “Panic” Due To “Unprecedented Illiquidity” In Inter Bank Gold Market

Gold fell again today to its lowest in a week despite continuing uncertainty about the outcome of the Brexit referendum. This is contributing to very significant high net worth and institutional demand in recent days, particularly in the UK, which is leading to “panic” and “supply issues” in the interbank gold market. Supply issues which respected gold […]

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21
Jun
2016

Gold Slips As UK Gold Demand “Rockets” – Investors “Seek Stability”

Gold fell again today despite very robust physical demand in western markets and especially the UK. Gold fell to a ten-day low as the recent global share rally showed signs of exhaustion. Expectations that Britain could vote to leave the European Union in Thursday’s referendum have receded somewhat but remain and this is leading to very […]

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20
Jun
2016

What Brexit Could Mean For Your Money and Your Business

Gold fell 1.3 % in dollar terms and 3% in sterling terms today as sterling and global stocks surged as Brexit worries ease slightly. Gold in GBP – 30 Days   The prospect of Britain leaving the EU is causing widespread jitters. ‘What will it really mean?’  was examined by Emma Kennedy, the Personal Finance […]

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17
Jun
2016

Gold Prices Surge to Highest Level in Nearly Two Years On Central Bank and Brexit Haven Demand

Gold prices soared to their highest level in nearly two years yesterday on BREXIT concerns and deepening concerns that central banks are slowly losing control of the financial and monetary system. Gold subsequently fell quite sharply below the key $1,300 level but remains roughly 1% higher for the week in all currencies and is on track […]

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