Author: Mark O'Byrne

16
Jan
2017

Physical Gold Market Will ‘Trump’ Paper Gold

Physical Gold Market Will Trump Paper Gold John Hathaway of Tocqueville Funds says the physical gold market will defeat the paper gold market leading to a much higher price for the monetary metal in the coming months and years in his Tocqueville Gold Strategy Investor Letter (Fourth Quarter 2016 Investor Letter): Gold rose 8.5% for […]

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12
Jan
2017

Gold Rallies To $1,207 On Fears Of Trump’s Presidency

Gold has rallied to $1,207/oz today as stocks globally have weakened after the first press conference of incoming President Trump turned into a bit of a debacle. Gold prices made further gains today amid reduced focus on the Fed and speculation regarding their potential rate hikes and more focus on the next four years of the […]

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11
Jan
2017

Prince Owned Land and Gold Bars Worth $800,000

Gold Bars Worth $800,000 Owned By Prince Prince, RIP, owned gold bars worth just over $800,000 according to the statement filed in a Minnesota court last Friday. Source: Amazon.com At the time of his death, Prince had taken delivery of and had in his possession 67 gold bars, 10 ounce gold bars, valued at $836,166.70. That’s […]

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10
Jan
2017

Gold Price In GBP Up 4% On Brexit and UK Economy Risks

Gold Price In GBP Rises 4% On Brexit and UK Economy Risks – Pound fell 2% against gold yesterday after Theresa May created Brexit concerns  – May’s ‘Hard Brexit’ denial does not calm markets growing fears – Investors concerned about lack of government strategy and uncertainty – UK Prime Minister bizarrely blames media and “those who […]

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09
Jan
2017

2016 Past is 2017 Prologue

With us being just over a week into the New Year, we feel it worthwhile to look back just one last time at 2016. We believe that many of the themes and risks of 2016 continue in 2017 and that they are likely to impact markets in the coming months – especially the precious metal markets. […]

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06
Jan
2017

Gold Surges Over 30% in GBP In 2016 After Brexit

– Gold gains in USD, GBP, EUR, CAD, AUD, NZD, JPY – Gold gains in CNY, INR & most emerging market currencies – Gold surges 31.5% in British pounds after Brexit shock – Gold acted as hedge and safe haven in 2016 … for those who need safe haven – Further signs of market having bottomed and bodes well […]

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05
Jan
2017

Trump’s Twitter Age Risks Chaos Reviving Gold as Haven

Trump’s Twitter Age Could See Gold Rise 13% In 2017 Gold price seen jumping 13% in 2017 after 9% gain in 2016, Bloomberg analyst survey shows 140-character missives by President-elect means new paradigm “140 characters of unfiltered Trump is likely to create tensions with America’s largest trading partners…” Bloomberg Intelligence poll shows 42 percent of respondents predict […]

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23
Dec
2016

Gold Mining Companies Are Running Out of Gold: Five Must See Charts

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 […]

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21
Dec
2016

China Gold & Precious Metals Summit 2016 – GoldCore Presentation

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 […]

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19
Dec
2016

Bail-Ins In Italy? World’s Oldest Bank “Survival Rests On Savers”

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 […]

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