Author: janskoyles

25
Sep
2017

Commodities King Gartman Says Gold Soon Reach $1,400 As Drums of War Grow Louder

– ‘Commodities King’ Gartman sees $1,400 gold surge in months – “Gold is the one currency that will do the best of all…” – Pullback below $1300 “is relatively inconsequential” – Use gold price weakness to be a buyer “no question” – Bullish on gold due to central banks and easy monetary policy and gold […]

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23
Sep
2017

Bitcoin “Is A Bubble” but Gold Is Money Says World’s Biggest Hedge Fund Manager

– Bitcoin “is a bubble” but gold is money says world’s biggest hedge fund manager – Gold is a better “store of value,” Ray Dalio of $160 billion Bridgewater tells CNBC – Bitcoin has climbed over 300% this year on speculation and expectation that it will continue to climb – Bitcoin is not a valid […]

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22
Sep
2017

Pensions and Debt Time Bomb In UK: £1 Trillion Crisis Looms

– £1 trillion crisis looms as pensions deficit and consumer loans snowball out of control – UK pensions deficit soared by £100B to £710B, last month – £200B unsecured consumer credit “time bomb” warn FCA – 8.3 million people in UK with debt problems – 2.2 million people in UK are in financial distress – ‘President […]

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18
Sep
2017

Bitcoin Price Falls 40% In 3 Days Underlining Gold’s Safe Haven Credentials

– Bitcoin price action shows cryptos vulnerable to commentary and government policies – Bitcoin falls to low of $2,980, down by $1,000 in week as China flexes muscles – Volatility major issue: In 3 days btc fell 40% before bouncing 25% off lows – BIS state risks of cryptos cannot yet be fully assessed and says technology still unproven – Apple […]

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15
Sep
2017

Gold Up, Markets Fatigued As War Talk Boils Over

North Korea threatens to reduce the U.S. to ‘ashes and darkness’ Markets becoming used to ongoing provocations from North Korea Russia and China continue to support watered down versions of sanctions on Kim’s regime Both NATO and Russia running war games on one another’s borders Putin says Russia will “give a suitable response” to NATOs threatening […]

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14
Sep
2017

Oil Rich Venezuela Stops Accepting Dollars

President Maduro ‘ Venezuela will create a basket of currencies to free us from the dollar,” Oil traders ordered to stop accepting U.S. dollar in exchange for crude oil Order comes following calls from Russia and China to find alternatives to current reserve system U.S. Dollar accounts for two-thirds of global trade Venezuela has over […]

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13
Sep
2017

Massive Equifax Hack Shows Cyber Risk to Deposits and Investments Today

44% of US population affected by Equifax hack Hackers took names, birthdays and addresses, Social Security and driver’s license numbers Steve Mnuchin “concerned about the global financial system and keeping it safe,” Hacks is a reminder of the vulnerabilities created in a connected world Cyber security is a major threat to both banking and financial industry […]

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09
Sep
2017

Conor McGregor – Worth His Weight In Gold?

– Conor McGregor, MMA champion has gold statue made of him – If McGregor was cast in investment grade gold bullion he would be worth … – If Mayweather were cast in gold he would be worth $2.7m – Ali once fought equivalent of MMA fighter and nearly lost use of his legs – Gold continues to be […]

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08
Sep
2017

Gold Has 2% Weekly Gain,18% Higher YTD – Trump’s Debt Ceiling Deal Hurts Dollar

– Gold hits $1,355/oz as USD at 32-month low -concerns about Trump, US economy – Silver and platinum 2.3% and 1.2% higher in week; palladium 3% lower – Euro Stoxx flat for week – S&P 500, Nikkei down 0.65% and 2.2% – Geo-political concerns including North Korea, falling USD push gold 2.1% in week – Gold prices reach $1,355 […]

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07
Sep
2017

‘Things Have Been Going Up For Too Long’ – Goldman CEO

– “Things have been going up for too long…” – Goldman Sachs’ CEO – Lloyd Blankfein, Goldman CEO “unnerved by market” (see video) – Bitcoin bubble is no outlier says Bank of America Merrill Lynch – Bubbles are everywhere including London property – $14 trillion of monetary stimulus has pushed investors to take more risks – We are […]

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