27
Jan
2015

Currency Wars – Russia and Netherlands Central Banks Buy 30.34 Tonnes Gold In December

Russia and surprisingly the Netherlands were the largest central bank buyers in December – accumulating a significant 30.34 tonnes between them as currency wars intensify. Demand for gold as a diversification and monetary asset continues to be very robust and central banks remain net buyers of gold which should be supportive of prices. The Netherlands, […]

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26
Jan
2015

Euro Gold Surges To EUR 1,168 After Greek Election Landslide

The crushing victory of the Greek opposition party Syriza in yesterday’s Greek elections has added to jitters in already jittery financial and foreign exchange markets. The euro tumbled and gold in euros surged to its highest level since April 2013, at €1,167.94/oz as markets opened in Asia. The euro has since stablized but remains near […]

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24
Jan
2015

QE…D: Why Printing Money will end badly for the US

You may have heard the news, the European Central Bank have started up the printing press. They are soon to print upwards of €60 Billion a month. The crowds of economic pundits have collectively cheered. Ireland stands to enjoy significant near term benefits, but at what cost? They speak of lower government borrowing costs for […]

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24
Jan
2015

QE…D: Why Printing Money may end badly

You may have heard the news, the European Central Bank have started up the printing press. They are soon to print upwards of €60 Billion a month. The crowds of economic pundits have collectively cheered. The thing is it is being sold as a low risk, one way bet. Worryingly there has been no talk […]

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23
Jan
2015

Gold in Euros Surges As ECB Print Trillion Euros and ‘Grexit’ Election Sunday

Stocks, bonds and precious metals surged yesterday as markets cheered the latest wave of money printing on a grand scale. Gold surged 3 per cent in euro terms (see chart below) after Mario Draghi in the ECB announced a massive quantitative easing or QE programme of over EUR 1 trillion from March 2015 to September […]

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22
Jan
2015

ECB To Print Trillion Euros – Gold Could Surge 40% In 15 Minutes Against Euro, Dollar

Mario Draghi unveiled QE yesterday as the ECB looks certain to announce its much anticipated quantitative easing (QE) program. The move to print up to €1 trillion euros in the coming months appears to be a fait accompli although it will occur against a backdrop of strong German resistance and many concerns. Listen Following leaks that mainstream […]

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21
Jan
2015

The Next Wave of Recession is Building

By Chris Sanders of Sanders Research Associates Limited www.sandersresearch.com Oil is down for good reasons The collapse in the price of oil over the last six months or so is widely misunderstood. Many  observers have thought that it is a fall orchestrated by producers – take your pick – to hurt other  producers – again, take […]

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21
Jan
2015

SNB Shock Was ‘Icing On Cake’ For Gold Ahead of Draghi’s Euro ‘Bazooka’

Is gold a safe haven? Mark O’Byrne, executive and research director at GoldCore, told CNBC yesterday that yes it is. He said that the Swiss National Bank’s recent decision was “icing on the cake” for gold and shows how gold thrives in a volatile environment. Interview: CNBC’s Seema Mody: Given the lacklustre performance of gold […]

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20
Jan
2015

Gold Demand Explodes as Volatility and Fear Stalk Market

Although the extent to which the surprise move by the Swiss National Bank last week has damaged financial institutions will not be apparent until the end of the month, it is already clear that enormous damage has been wreaked on many businesses exposed to the foreign exchange markets. GoldCore has seen significant increase in gold […]

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19
Jan
2015

Bundesbank Announces Repatriation of 120 Tonnes of Gold from Paris and New York Federal Reserve

The Bundesbank, Germany’s powerful central bank, announced very publicly this morning the further repatriation of some of it’s gold being held in foreign locations – namely in Paris and New York with the Bank of France and the Federal Reserve. “The Bundesbank successfully continued and further stepped up its transfers of gold,” the central bank […]

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