Author: Mark OByrne

17
Feb
2016

Gold Stabilises Above $1,200; Asia Markets Run Out Of Steam

Global economic turmoil continues to rumble on as major economies seek to come to grips with a changing monetary environment, sagging growth, low inflation, pockets of deflation and uncertainty over the future of Europe post Brexit. Japanese shares sold off after their gains on Monday, falling 1.8% in today’s trading sessions. European shares rising 1.6% this […]

Continue Reading
25
Jan
2016

Don’t Forget Ireland When Looking at New Risks in Euro Region

Ireland gets to decide on its next government as early as next month, and if elections in other countries once at the heart of the European debt crisis are anything to go by, investors should be wary, writes Dara Doyle, Bloomberg’s bureau chief in Dublin, in Bloomberg today. The coalition in Dublin may lose its […]

Continue Reading
27
Oct
2015

EU Takes Countries To Court Over ‘Bail-In’ Laws

The European Commission is taking legal action against six European countries, including the Netherlands and Luxembourg, after they failed to implement rules that would allow for depositors to have their cash confiscated. Six countries will be referred to the European Court of Justice (ECJ) for their continued failure to transpose the EU’s “bail-in” laws into […]

Continue Reading
21
Sep
2015

Russians Buy 1 Million Ounces of Gold Bars In August

Russia’s gold reserves rose to 42.4 million troy ounces as of September 1 compared with 41.4 million troy ounces a month earlier, the Russian central bank announced on Friday. The monthly accumulation of 1 million ounces in just one month was one of the more sizeable monthly purchases by Russia and equates to 31.1 metric tonnes […]

Continue Reading
18
Sep
2015

Gold Coin, Bar Demand Very Robust – Delays and Premiums Rising

Demand for physical gold this month at “a historically high level” – HSBC Q3 U.S. Mint gold sales set to dwarf those of previous two quarters Supply of physical silver “continues to be tight” and premiums rising China and India demand remains very strong Seasonal Asian buyers to add to demand in coming weeks Dovish […]

Continue Reading
17
Sep
2015

Gold Higher Before Federal Reserve – All Powerful Central Bank Myth Continues

Gold rose 1.3% yesterday ahead of the Federal Reserve interest rate announcement today. Markets remain divided and uncertain whether the Fed will increase rates by 25 basis points today (1900 GMT). The Fed last raised interest rates in June 2006, by 25 basis points to 5.25%, shortly after that America’s central bank found itself reducing […]

Continue Reading
16
Sep
2015

Safe Haven Gold Bullion – Near Highs In Currencies Globally

Gold has risen to near record highs in many currencies internationally. Bullion is again acting as a safe haven for people throughout the world whose currencies are devaluing and for those who are fleeing instability, terrorism and war. Gold is not reaching record highs per se, rather these paper currencies are losing their value or […]

Continue Reading
15
Sep
2015

“It’s Virtually Impossible to Get Physical Gold in London”

One of the best interviews we have seen about gold in recent weeks took place last week. It was a Bloomberg interview which involved Peter Hambro being interviewed by Francine Lacqua and Manus Cranny on Bloomberg Television’s “The Pulse.” Some of the great quotations from this refreshing interview include: “I believe it [gold] is [still the […]

Continue Reading
14
Sep
2015

Silver – “Potential From Today’s Levels Remains Enormous”

Silver has had a rough year, slumping to major new secular lows.  After sliding on balance for years now, even the diehard silver bulls are losing faith in their metal.  Silver in USD – 10 Years Despite its vexing slumber, silver’s price-appreciation potential from today’s levels remains enormous.  Between radical under-investment and very high speculator silver futures shorting, […]

Continue Reading
11
Sep
2015

Risks Posed By “Bank Holidays” and “Cashless Society”

Cash Withdrawal Limits and “Bank Holidays” Coming Concerns that next crisis may be imminent Bail-ins, withdrawal limits and negative interest rates may be imposed FT proposes a ban on “barbarous relic” cash Central banks would have people “completely under their control” – Bonner Gold in safe jurisdictions will again protect wealth Collapsing commodities prices, erratic […]

Continue Reading