Category: Weekly Market Update

20
Oct
2017

Gold Up 74% and One Of Top Performing Assets Since Last Market Peak 10 Years Ago

– 10 year anniversary of pre-Global Financial Crisis market peak in S&P 500 on October 9th – Gold up 74% since the last market peak a decade ago; 11% pa in USD, 9.4% pa in EUR and 12.4% pa in GBP – Precious metal has climbed $736/oz on Oct 9th 2007 to $1278.75 ten-years later – […]

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14
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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07
Oct
2017

Survey shows UK and US Pensions Crisis is Imminent

Both UK and US drop in Global Retirement Security Rankings US falls due to sharp income inequality and reduced workforce to support retirees UK is two spots away from being in the bottom 10 for government indebtedness FCA’s Andrew Bailey says “clear risk” that savings rate for retirement is too low UK’s retirement savings gap set […]

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22
Sep
2017

UK Pensions and Debt Time Bomb: £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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26
Aug
2017

Trump Presidency Is Over – Bannon Is Right

Trump Presidency Is Over – Bannon Is Right “‘The Donald’ has been White House-broken,” writes Bill Bonner in his must read daily missive on Bonner and Partners “‘The Donald’ has been White House-broken,” was what we were trying to say, translating the phrase into something that may make sense to a French listener. But it was […]

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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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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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