26
Mar
2015

Oil Surges, Gold and Silver Spike as Saudi Arabia Bombs Yemen

- Geopolitical tensions in Middle East escalate dramatically as Saudi Arabia bombs Yemen – Yemen’s government seized power in coup – Regarded as hostile to Saudi and ally of Iran – Saudi attack is an escalation of Middle Eastern proxy war between Gulf States and Iran – Action has broader geopolitical implications in deepening cold […]

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25
Mar
2015

Gold Rises For Fifth Day – 2 and Half Week High

Today’s AM fix was USD 1,192.55, EUR 1,088.89  and GBP 801.18 per ounce. Yesterday’s AM fix was USD 1,193.25, EUR 1,085.56  and GBP 798.96 per ounce. Gold rose  0.26 percent or $3.10 and closed at $1,193.70 an ounce yesterday, while silver slipped 0.35 percent or $0.06 at $17.00 an ounce. Gold inched downward after its […]

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24
Mar
2015

HSBC Not Closing Gold Vaults – Safety Deposit Boxes of Clients‏ Being Closed

- Rumours that HSBC is closing gold vaults – HSBC closing down safety deposit box facilities in vaults in branches – Banks internationally closing boxes as not profitable and move to “cashless society” – Incorrect speculation that HSBC move forcing gold clients to sell bullion – Speculation understandable given poor communications from HSBC and manipulation […]

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23
Mar
2015

Greece and EU Running Out of Time – Bank Runs Intensify, Bail-Ins Likely

- EU and Greece running out of time as talks end “in disarray” – again – Greece warns Merkel of ‘impossible’ debt – Concerns Greece out of money by end of April – Friday’s “agreement” in Brussels falls apart hours later as protagonists fail to agree on specifics – Greece now insolvent – will run […]

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20
Mar
2015

Gold Downside $850/oz; Upside Jump to $2,000/oz on ‘Grexit’

-Capital Economics chart-based analysis sees gold ending year higher at $1,400 per ounce -Sees a remote possibility of gold falling to $850 per ounce -A “Grexit” may cause gold to surge to $2,000 per ounce Julian Jessop from Capital Economics has written an interesting short piece on the company’s expectation for gold prices. It analyses […]

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19
Mar
2015

Gold Surges – Fed Loses “Patience” and Signals Loose Monetary Policies to Continue

- Gold rose over 2% – Fed signals ultra loose monetary policies to continue – Fed dampens expectation of a rate hike in June – Yellen no longer “patient” – notes weakness in recent US economic data – Fed knows that fragile, debt laden U.S. economy cannot handle higher rates – Despite recent dollar strength, […]

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18
Mar
2015

Gold Price to Surge Over $2,400 Per Ounce – Doubling Asian Demand in “Asian Century”

- Gold price set to soar to new records in ‘Asian century’ – Gold price to double by 2030: ANZ – Gold to exceed $2,400 per ounce – Gold demand in Asia set to double – “Greater demand from investors and central banks will see gold prices rise materially over the long-term” – “Most of […]

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17
Mar
2015

Happy Saint Patrick’s Day

Happy Saint Patrick’s Day Wishing you health, wealth, good luck and good fun this Saint Patrick’s Day from all the team in GoldCore May your home be filled with laughter  May your pockets be filled with gold And may you have all the happiness Your heart can hold GoldSaver Account allows anyone to buy and […]

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16
Mar
2015

Irish Finance Minister Dumps Stocks to Buy Gold

- Ireland’s Minister of Finance shifted personal wealth out of stocks and into gold – Minister invested in SPDR Gold Shares ETF, Portuguese government bonds and other ETFs – Maintained holdings in bank and agricultural commodities ETFs – Gold ETF not a safe haven asset – much unappreciated counterparty risk The Minister for Finance in […]

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13
Mar
2015

Gold Up 11% Euro This Year As Currency Wars Intensify

Gold has risen 11% versus the euro in 2015 Builds on 12% gains against the euro in 2014 Sentiment poor despite reasonable performance Gold performing well considering significant gains in stocks and dollar Dollar centric view misleading Currency wars intensifying Complacency and hubris rife Gold rose 12% against the euro in 2014 and so far […]

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