20
Jul
2017

Millennials Can Punt On Bitcoin, Own Gold and Silver For Long Term

– Bitcoin volatility shows not currency or safe haven but speculation – Volatility still very high in bitcoin and crypto currencies (see charts) – Bitcoin fell 25% over weekend; Recent high of $3,000 fell to below $1,900 – Bitcoin least volatile of cryptos, around 75% annualised volatility – Gold much more stable at just 10% annualised […]

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19
Jul
2017

“Time To Position In Gold Is Right Now” says Jim Rickards

– “Time to position in gold is right now” – James Rickards – Fed has hit the ‘pause’ button; No more rate hikes for foreseeable future – Fed’s theories “bear no relation to reality” and has “blundered by raising rates” – Growth is weak, inflation is weak, retail sales and real incomes are weak – Tight money, […]

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18
Jul
2017

Bloomberg Silver Price Survey – Median 12 Month Forecast Of $20

– Bloomberg silver price survey – Large majority bullish on silver – Silver median “12 month-forecast” of $20 – Precious metal analysts see silver “24 percent rally from current levels” – Investors are pouring money into silver ETFs – Speculative funds bearish even as ETF assets rise to record – Spec funds being bearish is bullish as […]

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17
Jul
2017

“Bigger Systemic Risk” Now Than 2008 – Bank of England

– Bank of England warn that “bigger systemic risk” now than in 2008 – BOE, Prudential Regulation Authority (PRA) concerns re financial system – Banks accused of “balance sheet trickery” -undermining spirit of post-08 rules – EU & UK corporate bond markets may be bigger source of instability than ’08 – Credit card debt and car loan surge […]

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14
Jul
2017

“Financial Crisis” Coming By End Of 2018 – Prepare Urgently

“Financial Crisis Of Historic Proportions” Is “Bearing Down On Us” John Mauldin of Mauldin Economics latest research note, Prepare for Turbulence, is excellent and a must read warning about the coming financial crisis. Mind refreshed from what sounds like a wonderful honeymoon and having had the time to read some books outside his “comfort zone” he has come to the conclusion […]

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13
Jul
2017

Video – “Gold Should Probably Be $5000” – CME Chairman

Video – “Gold Should Probably Be $5000” – CME Chairman Duffy – Fed has caused “frustration” and “confusion” in market place – “If you adjust for inflation, you should have gold somewhere around 2 to 3,000 per ounce” – “If you look at what is going on the world, gold should probably be $5,000 to […]

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12
Jul
2017

India Gold Imports Surge To 5 Year High – 220 Tons In May Alone

– India gold imports in H1, 2017 greater than all of 2016 – India imported 521 tonnes of gold in first half of 2017 – H1 figure for gold imports $22.2 Bln versus $23 Bln in all ’16 – Gold demand was up 15% year- on-year in the first quarter – June gold imports climbed to […]

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11
Jul
2017

“Silver’s Plunge Is Nearing Completion”

– Silver’s plunge is nearing completion – Bloomberg analyst – Silver’s 10% sharp fall in seconds remains “mystery” – Plunge despite anemic global supply and strong demand – Total silver supply declined in ’16 – lowest level since ’13 – Silver mine production down in ’16, first time in 14 years – Total silver supply decreased by […]

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10
Jul
2017

China, Russia Alliance Deepens Against American Overstretch

– China and Russia allied on Syria and North Korea – Beijing & Moscow economic & monetary ties deepen – Trump needs Russia in order to maintain balance of power in superpower triumvirate – Sino-Russian relations currently in their “best time in history” says Chinese President ahead of G20 – China, Russia call for calm diplomacy on Syria, Korea – China, […]

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07
Jul
2017

Silver Prices Bounce Higher After Futures Manipulated 7% Lower 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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