“Gold Is A Great Hedge Against Politicians” – Goldman Sachs Gold has risen another 1.7% in British pound terms this week and is 1.8% higher in euro terms and is again acting as a hedge against currency devaluations, Brexit, eurozone and heightened political and geo-political risk in the UK, EU, U.S. and most of the […]
Sell Gold Now – A Note from GoldCore CEO Stephen Flood It has never been more important to own gold as part of a diversified portfolio. The form your gold investment takes is just as important as owning it in the first place. ETFs and pooled gold may not be functional in extreme markets and may […]
Gold in GBP has risen another 3.5% in the last 3 trading days as the British pound continues to be “pounded” on international markets. Gold in GBP terms is now 43% higher year to date and has risen from £716/oz on January 1st to £1024/oz today. Sterling is now the worst performing major currency in 2016 and gold […]
Gold prices “are going up” whether Trump or Clinton are elected according to most analysts in the gold market including former Libertarian and Republican presidential candidate Ron Paul. Even Goldman Sachs, the primary significant bearish voice regarding gold prices is now bullish on gold in the medium and long term. Ron Paul, an astute observer of the markets, […]
The gold trading Commitment of Traders (COT) report, released Friday, shows the peculiarly timed gold sell off and much needed wash out of speculative longs out of the gold futures market last week sets gold up for lower prices, prior to moving higher again. The timing of the sudden sell off, when Chinese gold markets […]
Sterling gold surged 5% in less than a minute overnight in Asia with prices rising from £994/oz to £1,043.40/oz as sterling had a massive “flash crash.” Sterling plummeted in the second biggest fall in its history – only slightly less than the collapse after the Brexit vote. Despite gold’s peculiar, sharp fall in dollar terms on […]
Top Gold Forecaster Says “As Quickly As Gold Fell” May “Rally Back” on Global Risks Gold’s largest plunge in 14 months may soon reverse according to gold’s top forecaster in Q3 according to Bloomberg: Looming risks from the U.S. presidential election in November to Britain starting talks to leave the European Union next year may […]
Gold Buying ‘Opportunity’ After Surprise 3.4% Drop “Gold rebounded after the biggest drop in more than a year as investors reminded themselves of a world that’s beset by risk, from the prospect of further currency weakness to the final stretch of the U.S. presidential election,” according to Bloomberg today. As Investors See World Beset by […]
Deutsche Bank “Is Probably Insolvent” by Tim Price This is getting to be a habit. Previous late summer holidays by this correspondent coincided with the run on Northern Rock, and subsequently with the failure of Lehman Brothers. So the final crawl towards the probable nationalisation of Deutsche Bank came as no particular surprise this year, […]
Sterling gold rose 1.3% today as sterling slumped again after the UK set a March deadline to start their ‘Brexit divorce’ proceedings from the European Union and on deepening nervousness regarding a ‘Hard Brexit’. Gold in GBP – 10 Years Theresa May’s bombshell deadline by which the UK will exit the EU given at her […]