Monthly Archives: November 2015

30
Nov
2015

Gold Demand in China Heading For Record and Reserves Increase 14 Tonnes In October

While gold prices continue to languish in the doldrums and are on course for their worst month since 2013, global demand and especially Chinese retail, investor and official demand continues to remain very robust. Indeed, China looks likely to see a new record demand for gold annually again in 2015. Shanghai Gold Exchange (SGE) deliveries […]

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27
Nov
2015

Coming of Age: China’s Yuan To Join SDR Basket As IMF Reserve Currency

Christine Lagarde and the IMF Executive Board recently announced their intention to include the Chinese renminbi (RMB) in the Special Drawing Rights’ (SDR) valuation formula.  This would bring the Chinese currency into an exclusive group – alongside the US dollar, the euro, the British pound and the Japanese yen – of 5 global currencies that make […]

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26
Nov
2015

Yet More Rigging By Big Banks – This Time It’s Interest Rate Swaps

The abuse of power is staggering. Time and time again over the last number of years the largest global banks have been found complicit in the manipulation of key rates, indices and markets. Now, a large and important pension fund has taken the largest of banks to task and filed a class action lawsuit alleging […]

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25
Nov
2015

Gold Market Goes Quiet – Do We Hear The Echo Of The Bottom?

Demand for gold is soaring according to the World Gold council’s latest report. The report shows that overall worldwide demand for gold rose by a very significant 33% with the US, Europe, China and Russia all stocking up and pushing demand. Central bankers, lead by Russia, are stocking up aggressively. With fundamentals like these, why […]

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24
Nov
2015

Global Bond Markets: Where Did All the Liquidity Go?

Why does the lack of liquidity in bond markets have many of the world’s top economic opinion-makers worried?  Ben Wright writing in the Telegraph reports on the voices in “the chorus of doom” and explains why the evaporation of this liquidity in the global fixed income market signals “a warning shot across the bow”. Where did all the […]

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23
Nov
2015

Soaring Global Debt – The Reality Check in Numbers

The fact that global debt is growing throughout the world is widely acknowledged and well documented. However, when faced with the numbers, the magnitude of the problem is still quite shocking to read. An article last week in Washington’s blog gives us a stark and timely reminder of those facts. The volatile geo-political environment we […]

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20
Nov
2015

Mine Production Stagnates As Silver Coin Demand Hits Record High

Thomson Reuters has released their interim Silver Market Review including provisional supply and demand forecasts for 2015. Highlights from that report include: – Total silver supply is forecast to fall to 1,014.4 Moz* in 2015, down 3% – Silver bullion coin sales at record high, up 95% year-on-year – Coin demand should account for 12% of physical […]

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19
Nov
2015

Dark Days: Vulnerable Europe faces crisis of confidence

Europe is in a very dark place.  Under the cloud of on-going terrorist threats there is widespread fear of what the future holds – economically, socially and politically. Jeremy Warner writing for the Telegraph yesterday describes the ‘abyss’ into which we are sliding and how this is precisely the reaction that the terrorists had hoped […]

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18
Nov
2015

Bitcoin and The Blockchain – Banks Must Embrace Or “Die”

Editors Note: GoldCore believe that blockchain technology will revolutionise the world of finance, payments and money and may have an impact on the world on a scale of that of the internet.  Hence, the need to keep an eye on this very important evolving technology that has ramifications for us all. If you thought the internet […]

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17
Nov
2015

U.S. Mint Sales of Gold Coins Fall In October After 234% Surge in Q3

by Dr Constantin Gurdgiev Total sales of U.S. Mint gold coins came in at 44,500 oz per 94,500 coins sold – including both Eagles and Buffalos. This marked a significant decline in sales y/y, with volume by weight down 49.7% y/y and the number of units sold down 33.7%. Average weight of coin sold was […]

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