28
Apr
2015

Gold Rises, Silver Surges on Short-Covering and Physical Demand – Greece, Ukraine, Russia Risks

- Gold rises over 2% while silver surges 4.4% – Speculators caught off guard as prices rose forcing them to cover their short positions – Concerns re defaults by Greece and Ukraine – Geopolitical risk of conflict in Middle East and with Russia remain – Price rises were accompanied by strong physical demand Precious metals […]

Continue Reading
27
Apr
2015

Gold Flows East – China, India Import Massive Quantities of Gold from Switzerland

- Singapore, India and China continue to import staggering volumes of gold from the West – U.K. exports of bullion to Switzerland increase 6 fold to a very large 97 tonnes – Gold exports from Switzerland to both China and India doubled in March – Shanghai Gold Exchange (SGE) becoming most important centre for physical […]

Continue Reading
24
Apr
2015

Election ‘Chaos’ In UK Could Trigger ‘Lehman Moment’ For Pound

- UK economy a ‏’timebomb’ and will explode after election – Albert Edwards – Telegraph warns of “Lehman Moment” stemming from possible election chaos – Currency traders view pound as being particularly vulnerable – Latest data shows UK poised to slip into deflation for the first time since 1960 – Polls place Labour and Tories […]

Continue Reading
23
Apr
2015

Middle East a Powder Keg as Saudi Bombing of Yemen Resumes

- Saudi operation in Yemen enters new phase as U.S. and Iranian Navies gather in the Gulf of Aden – Saudi’s blame Houthi rebels and Iran for Saudi bombardment of Yemen, supported by US – Chinese President Xi calls Saudi King Salman urging speedy resolution to crisis, Chinese media take neutral stance – Russian media […]

Continue Reading
22
Apr
2015

China’s Stealth Gold Reserves To Quadruple as IMF Seek Answers

- Enter the Dragon – China Stealthily Accumulated Massive Gold Hoard – IMF Seek Answers On China’s Mysterious Gold Reserves according to Bloomberg – Major demand issue and bullish support for gold rarely covered in mainstream – China may disclose its gold reserves by October in a bid to have the Yuan included in SDR […]

Continue Reading
21
Apr
2015

Currency Wars Back As Russia Buys One Million Ounces of Gold in March

- Russia buys one million ounces and increases gold reserves by another 2.6% in March – Russia sees gold as important monetary and strategic asset in stealth currency wars – Large purchase by Russia who normally buy some 300,000 ounces a month – Russian gold reserves, at nearly 40 million ounces, are now fifth largest […]

Continue Reading
20
Apr
2015

Greek Debt Crisis Coming To Head – Contagion?

- Greece Rapidly Running Out Of Cash – Soon Must Fold To Troika Or Default – IMF Rebuff Greek Suggestion To Delay Repayments – ECB’s Draghi Warns Potential “Grexit” Puts EU In “Uncharted Waters” – Despite Threats, Greece Remains Defiant, Won’t “Budge On Red Lines” – ECB Considering A “Second Currency” For Greece The Greek […]

Continue Reading
17
Apr
2015

Gold In Dollars Has “Hallmarks Of Market That’s Bottoming”

MARKET UPDATE Today’s AM LBMA Gold Price was USD 1,204.55, EUR 1,113.83 and GBP 801.86 per ounce. Yesterday’s AM LBMA Gold Price was USD 1,204.60, EUR 1,131.19 and GBP 811.40 per ounce. Gold fell 0.29 percent or $3.50 and closed at $1,199.00 an ounce on yesterday, while silver rose 0.18 percent or $0.03 closing at […]

Continue Reading
16
Apr
2015

U.S. And Global Property Bubble Fears Mount

- “Renewed global property bubble” warned of by Financial Times – Research company MSCI says returns on property last year averaged 9.9% globally – “Best performance” since 2007 and fifth consecutive annual rise – Rents have not increased in line with asset appreciation – Speculators moving into more risky peripheral markets around the major hubs […]

Continue Reading
15
Apr
2015

Martin Armstrong – Gold Bullion To “Max Out At $5,000 Per Ounce”

- Fall 2015 turning point – civil unrest and riots globally says forecaster Armstrong – Fed have to raise rates – due to pressure from congress and media – By 2020 the cost of servicing U.S. debt will outpace defence spending – European banks will collapse and “blood in the streets” – Higher rates will […]

Continue Reading