27
Jul
2016

Marc Faber: Invest 25% Of Investment Portfolios In Gold Bullion

Marc Faber has told advisers to invest 25% of investment portfolios in gold bullion. The author of the Gloom, Boom & Doom Report, urged investment professionals at the CFA Institute Conference in Chicago that 25 percent of a portfolio should be allocated to gold given the very significant risks facing investors today. The Chicago Tribune reports that […]

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26
Jul
2016

“Could Not Invent A More Bullish Story For Gold Bullion”

Newstalk’s Nick Bullman interviewed GoldCore’s Mark O’Byrne on “Down To Business” at 0643 this morning.The interview on Breakfast (06:30 – 09:00) begins in the 14th minute (Part I) and can be listened to here Topics covered were: – Gold’s performance so far in 2016 – +25% in USD, +25% in EUR and +40% in GBP – Gold […]

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25
Jul
2016

Gold In Bull Market – “Every Reason For It To Continue” – Frisby In Money Week

Gold is in a bull market for a number of reasons including political risk and there is “every reason for it to continue” according to Dominic Frisby writing in the UK’s best selling financial publication Money Week. Stockcharts.com via Money Week as seen in article He points out that “one of the reasons to own gold […]

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22
Jul
2016

Is Gold Set To Hit $1,500 Per Ounce?

Rising macroeconomic risks, low real interest rates, and a decline in the dollar versus emerging market currencies are major price catalysts for gold. Since hitting its high of over $1,900 an ounce in 2011 after a 12 year bull run, gold fell steadily until 2015 when it reached a low near $1,000. However, this year […]

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21
Jul
2016

Why Italy’s bank crisis could be a ‘ticking time bomb’

Just as the dust begins to settle on Brexit, Italy’s banking system looms as the next threat to global financial markets. Previous attempts to resolve Italy’s banking sector woes have proven to be less than effective. Non Performing Loans on the balance sheets of Italian banks represent over 8% of the total loan portfolios. However some […]

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20
Jul
2016

IMF Scraps Forecast for Global-Growth Pickup on Brexit Fallout

Following on from the Brexit vote last month the IMF have decided to re-evaluate their forecast for global growth. Bloomberg  reports that they have revised their original 3.2% forecast down to 3.1% for 2016 and from 3.5% to 3.4% for 2017. While these feel like very modest revisions ,the IMF would not be known for radical […]

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19
Jul
2016

Gold Holds Near Two-Week Low as Risk Appetite Rises on U.S. Data

Gold has consolidated near the low of the past two weeks following on from its Brexit rally. Having increased by 25% since the beginning of the year the pause in its rally comes as Barnabas Gan, an economist at Singapore-based Oversea-Chinese Banking Corp observes that “Market risk-on sentiment seems to have gone back” on the table, as reported […]

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18
Jul
2016

Gold, Trump and Rates: Bank That Foresaw Rally Flags $1,500

Financial Market Strategists are advising their clients to “buy gold on dips”. “Gold has seen four major bull markets since 1970: this is another one,” Benjamin Wong, foreign exchange strategist at the Singapore-based bank’s Chief Investment Office, said in an e-mail. “The market has yet to deal with the political uncertainty going into the Nov. 8 presidential […]

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15
Jul
2016

Gold Falls After Central Bank’s Surprise Move

The  gold price continued to fall overnight after the Bank of England, contrary to expectations, kept interest rates unchanged at yesterday’s meeting. The market had earlier priced in an over 80 percent chance of a 25-basis point cut in the July meeting, though some had reckoned that the BoE may prefer to wait till August when more […]

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14
Jul
2016

“We Are On the Cusp of an Explosion in the Silver Price” – John Embry

Not everybody is believing the positive spin being put on recent financial market data. In fact some would go as far as to say that it is “propaganda” being spread in the mainstream media in an election year for the US.  At least that is what John Embry concluded in a recent interview. For those […]

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