2016 is behind us and we have started a new year with great gusto and no small measure of anxiety. The potential for unknown unknowns turning into banana skins is very high. Right now we are looking at: The broad US stock markets & the UK FTSE are breaking new highs Investment flows are rotating […]
Gold Mining Companies Are Running Out of Gold: Five Must See Charts ‘Peak gold’ – World’s gold production to peak in 2019 and decline Gold found by miners has plunged 85% over past decade Gold mining CEOs turning to deals to combat dwindling reserves Exploration more difficult and firms have cut capex The reality of peak gold […]
Royal Mint And CME Make A Mint On The Blockchain? The last fortnight has been an exciting one in the gold and blockchain space. Earlier this week Euroclear and Paxos announced that a group which included Société Générale, Citi, Scotiabank had completed the first pilot of the blockchain-based gold trading platform as being developed by […]
China Gold and Precious Metals Summit 2016 – GoldCore Presentation The China Gold and Precious Metals Summit 2016, the 11th Summit convened by the China Gold Association and the Shanghai Gold Exchange took place on December 7th and 8th and GoldCore presented at the event and moderated an expert panel discussion. China’s leading gold conference was […]
Trumpenstein ! Our Creation – Foretold 157 Years Ago The election of Donald Trump has cast the political elite around the world into a state of shock. His arrival, so soon after the titanic Brexit vote, has profoundly undermined the neo liberal political status-quo that has dominated western economies over the past 30 years. “Trumpenstein” © […]
Bail-Ins Coming To Italy? World’s Oldest Bank “Survival Rests On Savers” The world’s oldest bank and Italy’s third biggest bank, Monte dei Paschi di Siena (MPS), is making a last-ditch emergency attempt as the year ends to convince tens of thousands of ordinary Italian savers to help it escape state hands. Source: Wikimedia.org MPS shares fell 8.5% in […]
Market Updates This Week Fed Raised Rates 0.25% – Rising Rates Positive For Gold As the great orator George Bush Junior once attempted to say: “Fool me once, shame on you; fool me twice, shame on me…” Read More Here Mark Mobius: Shariah Gold Standard Is “Revolutionary” One of the world’s leading investors, Mark Mobius […]
Fed Increases Rates 0.25% – Rising Interest Rates Positive For Gold The Federal Reserve increased interest rates by 0.25% as expected yesterday leading to gold falling to lows last seen in February 2016 and the dollar rising to its highest level against the euro in 14 years. Gold actually settled higher at $1,163.70 for the day […]
Shariah Gold Standard Is “Revolutionary” Says Mark Mobius One of the world’s leading investors, Mark Mobius told a gold conference in Dubai that the new ‘Shariah Gold Standard’ is both “innovative and revolutionary” and importantly will bring “transparency” to the physical gold market which suffers from a lack of trust. Source: Bloomberg The executive chairman […]
Silver Bullion Manipulation By Banks Proven In Traders Chats Evidence of traders rigging the silver market Court documents detail private chats between bank traders Lawsuit alleges widespread rigging of precious metal market “Avalanche can be triggered by a pebble if u get the timing right” – UBS trader “If we are correct and do it […]