Category: Weekly Market Update

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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28
Jul
2017

This Is Why Shrinkflation Will Impact Your Financial Wellbeing

– Shrinkflation has hit 2,500 products in five years – Not just chocolate bars that are shrinking – Toilet rolls, coffee, fruit juice and many other goods – Shrinkflation is a from of financial fraud – Punishes vulnerable working and middle classes – Gold is hedge against inflation and shrinkflation   Editor: Mark O’Byrne “…Oompa Loompa doo-pa-dee […]

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07
Jul
2017

Silver Prices Bounce Higher After 7% Fall In Minute

– Silver prices ‘flash crash’ before rebound – Silver hammered 7% lower in less than minute in Asian trading – Silver fell from $16 to $14.82, before recovering to $15.89 – Silver plunge blamed on another ‘trading error’ – Gold similar ‘flash crash’ last week and similar recovery – Hallmarks of market manipulation as $450 million […]

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13
Apr
2017

Perth Mint Silver Bullion Sales Rise 43% In March

– Perth Mint’s silver bullion sales rise 43% in March – Perth Mint’s monthly gold coin, bars sales fall 12%  – Gold silver ratio of 32 – 32 times more silver ounces sold – Gold: 22,232 oz and Silver: 716,283 oz – bullion coins and minted bars sold – Gold is 2.6% higher and silver surged […]

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22
Mar
2017

Peak Gold Production – Biggest Gold Story Not Being Reported

– Peak gold – Biggest gold story not being reported – Gold ‘Mining Zombie Apocalypse’ caused miners to slash exploration budgets – Decline in gold production at world’s top 10 gold mining companies – Byron King – “No new big mines being built in the world today” – Glencore CEO Glasenberg – Primary global gold output declined […]

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21
Mar
2017

Silver 1/ 70th The Price of Gold – Silver Eagles Buying Jumps

– Silver just 1/70th the price of gold – Silver at $17.50 per ounce set to rise “faster than gold” – Silver Eagles (1 oz) buying jumps to 715,000 this week – “Supply may drop following mine closures” – Standard Chartered – Industrial demand “will remain strong” – CPM Group – Silver is substantially undervalued versus gold – Gold […]

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17
Mar
2017

Gold Cup – Horse Racing’s Greatest Show, Gambling and ‘Going for Gold’

– Gold Cup at Cheltenham – Most important event on horse racing calendar   – Gold Cup trophy contains 10 ounces of gold – Today’s prize is worth over £9,000 in gold terms – £600 million bets on horses, 220,000 pints of Guinness will be drunk, 9 tonnes of potato eaten  – Gold constantly and universally awarded as […]

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03
Mar
2017

Silver On Sale – 4.1% Fall After Massive $2 Billion of Futures Selling

Silver On Sale – 4% Fall On Massive $2 Billion of Futures Selling Silver fell a very sharp 85 cents from $18.40 per ounce to as low as $17.65 per ounce yesterday for a 4.25% price fall soon after the London bullion markets closed yesterday despite no market news or corresponding sharp moves in other 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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07
Oct
2016

Sterling Gold Surges 5% In One Minute “Flash Crash” – Up 1.7% In Week As Gilts Sell Off

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 […]

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