Category: Weekly Market Update

13
Oct
2017

Puerto Rico Without Electricity, Wifi, ATMs Shows Importance of Cash, Gold and Silver

– Puerto Rico without electricity, wifi, ATMs shows importance of cash, gold and silver – Most of Puerto Rico remains in the dark and without power three weeks after storm – With widespread power failures, Puerto Rico remains cash only with retailers only accepting cash and few consumer having cash – Shortages of food, fuel and […]

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13
Oct
2017

U.S. Mint Gold Coin Sales and VIX Point To Increased Market Volatility and Higher Gold

– US Mint gold coin sales and VIX at weakest in a decade – Very low gold coin sales and VIX signal volatility coming – Gold rises 1.7% this week after China’s Golden Week; pattern of higher prices after Golden Week – U.S. Mint sales do not provide the full picture of robust global gold […]

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29
Sep
2017

Gold Matches S&P 500 Performance In First 3 Quarters; Up 12% 2017 YTD

Editor Mark O’Byrne – Gold climbs over 12% in YTD, matching S&P500 performance – Palladium best performing market, surges 36% 2017 YTD – Gold outperforms Nikkei 225, Euro Stoxx 50, FTSE and ISEQ – Geo-political concerns including Trump and North Korea supporting gold – Safe haven demand should push gold higher in Q4 – Owning physical gold not […]

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22
Sep
2017

Pensions and Debt Time Bomb In UK:  £1 Trillion Crisis Looms

– £1 trillion crisis looms as pensions deficit and consumer loans snowball out of control – UK pensions deficit soared by £100B to £710B, last month – £200B unsecured consumer credit “time bomb” warn FCA – 8.3 million people in UK with debt problems – 2.2 million people in UK are in financial distress – ‘President […]

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08
Sep
2017

Gold Has 2% Weekly Gain, 18% Higher YTD – Trump’s Debt Ceiling Deal Hurts Dollar

– Gold hits $1,355/oz as USD at 32-month low -concerns about Trump, US economy – Silver and platinum 2.3% and 1.2% higher in week; palladium 3% lower – Euro Stoxx flat for week – S&P 500, Nikkei down 0.65% and 2.2% – Geo-political concerns including North Korea, falling USD push gold 2.1% in week – Gold prices reach $1,355 […]

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01
Sep
2017

Precious Metals Outperform Markets In August – Gold +4%, Silver +5%

– All four precious metals outperform markets in August – Gold posts best month since January, up nearly 4% – Gold reaches highest price since US election, climbs due to uncertainty and safe haven demand – S&P 500 marginally higher; Euro Stoxx, Nikkei lower for month – Platinum is best performing metal climbing over 5% – […]

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25
Aug
2017

The Truth About Bundesbank Repatriation of Gold From U.S.

– Bundesbank has completed a transfer of gold worth €24B from France and U.S. – Germany has completed domestic gold storage plan 3 years ahead of schedule – In the €7.7 million plan, 54,000 gold bars were shipped and audited – In 2012 German court called for inspection of Germany’s foreign gold holdings – Decision to […]

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18
Aug
2017

Gold, Silver Consolidate On Last Weeks Gains, Palladium Surges 36% YTD To 16 Year High

– Gold and silver rise as stocks fall sharply after Barcelona attack – Gold, silver 0.6% higher in week after last weeks 2%, 5% rise – Palladium +36% ytd, breaks out & reaches 16 year high (chart) – Gold to silver ratio falls to mid 75s after silver gains last week – Perfect storm of financial […]

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11
Aug
2017

Gold Up 2%, Silver 5% In Week – Gundlach, Gartman and Dalio Positive On Gold

Gold Up 2.3%, Silver 5.3% In Week – Gundlach, Gartman and Dalio Positive On Gold – Gold is up 2.3% this week and silver has surged nearly 5.3% as stocks sell off on geopolitical risk – Billionaire fund managers and commodities experts increasingly positive on gold – Risks are rising, and everybody should put 5% to […]

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04
Aug
2017

Gold Consolidates On 2.5% Gain In July After Dollar Has 5th Monthly Decline

– Gold consolidates on 2.5% gain in July as the dollar has fifth monthly decline – Trump administration and vicious “civil war” politics casting shadow over America and impacting dollar – All eyes on non farm payrolls today for further signs of  weakness in U.S. economy – Gold recovers from 1.7% decline in June as dollar […]

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