Author: Mark OByrne

29
Feb
2016

Irish Bonds Fall as Election Creates Political and Economic Uncertainty

Irish bonds fell today and the yield on ten-year Irish bonds rose to 0.908 pc, up from 0.891 pc in early trading this morning after a divisive general election and inconclusive result threw Irish politics into disarray and created considerable political and economic uncertainty. Irish 10 Year Government Bond – 1 Day (Bloomberg) The nation […]

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26
Feb
2016

“Buy Gold” As “Insurance Is Warranted” – Deutsche Bank

Buy gold as “insurance is warranted” Deutsche Bank have advised in a note issued today. The embattled German bank has said that rising economic risks and market turmoil mean investors should buy gold for insurance. Market Performance – 2016 YTD via Finviz.com  “There are rising stresses in the global financial system; in particular the rising […]

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23
Feb
2016

Allocations To Gold Should Be “Increased To 20 Percent”

Slowing economic growth globally has led for some rough days on Wall Street lately. The Dow Jones industrial average and the Standard & Poor’s 500 index are both down by 6 percent so far this year. It’s sometimes hard to figure out where to park one’s money during an economic downturn. Still, analysts have a […]

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19
Feb
2016

“Own Some Solid Currency, In Other Words … Gold” Warns Faber

“Leave a million dollars with a bank, and in a year, you get only something like $990,000 back,” Marc Faber, respected publisher of the Gloom, Boom & Doom Report, told Bloomberg by phone yesterday. “I would rather want to own some solid currency, in other words … gold” warned Faber. Gold bears for years fed off […]

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12
Feb
2016

Gold Surges Another 7% This Week – Largest Gain Since 2008

Gold bullion jumped 4 percent yesterday to $1,244.20/oz, its biggest single-day percentage rally since 2013. For the week, gold is 7.2% higher which is its biggest weekly gain since the global financial crisis in 2008. Asset Performance – 1 Week Gold and silver have benefited along with high credit government bonds from a rush to safety as […]

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11
Feb
2016

Gold Surges 3.2% To $1,241/oz As Deutsche Bank And Other Stocks Fall Sharply

Gold has surged over 3% today on increased safe haven demand as stocks and in particular bank stocks see sharp falls. German shares have nose dived again and German colossus Deutsche Bank has fallen over 8%. Futures – 1 Day Relative Performance – Finviz.com A host of negative factors sent investors fleeing riskier assets. Oil prices slid […]

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02
Feb
2016

Intraday Precious Metal Returns – Latest Research

Some interesting research looking at intraday precious metal returns has just been published by Brian Lucey, Jonathan Batten, Maurice Peat, Frank McGroarty and Andrew Urquhart in a paper entitled “Stylized Facts Of Intraday Precious Metal Returns”.     The authors note in the paper that has just been published on the Social Science Research Network […]

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01
Feb
2016

Gold and Silver Bullion Up 5.3% and 3.4% In January as Stocks Fall Sharply

Gold and silver rallied (5.3% and 3.4% respectively) in January, as stocks fell sharply. Turmoil and sharp falls in Chinese and global stock markets, plunging oil prices, rising stress in credit markets and further signs of weak US and global growth led to a renewed bout of risk aversion in January. Finviz.com This once again led […]

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08
Jan
2016

Gold Higher In Most Currencies in 2015 – Up 4% This Week

– Gold acts as safe haven in 2015 … for those who need safe haven – Gold gains in CAD, AUD, NZD, ZAR, RUB & most emerging market currencies – Gold essentially flat in EUR (-0.3%) as ECB QE supports gold – Gold lower in USD, GBP, CNY, INR, JPY, CHF – Of 18 major currencies, gold […]

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29
Dec
2015

McWilliams: Economic Lessons from the Age of the Pharaohs

“Joseph urged the Pharaoh to set aside one fifth of the crop in the good times and store the grain to ease the famine in the bad times, because if he didn’t do that, the good times would be forgotten and all the people would remember was the bad times. This wouldn’t be politically good […]

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