Category: Market Updates

14
Apr
2016

Who Is Buying Gold And Why?

  Who is buying gold and why is the question posed by The Telegraph today “After four years of sharp falls, a sudden revival has been taking place in the gold market. In the first three months of 2016 the price of the yellow metal soared by 20pc – its best quarterly performance since the […]

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13
Apr
2016

Buy Gold ! – HSBC

Buy gold is the call of HSBC technical analysts who are becoming increasingly bullish on gold and increasingly bearish on stocks as reported by Business Insider. HSBC via Business Insider via Bloomberg  Sentiment towards gold is slowly moving from being extremely negative and bearish to more bullish. HSBC joins a long list of large banks, […]

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12
Apr
2016

Silver Bullion Surges 8% In 6 Days To Over $16 Per Ounce

Silver bullion prices surged 3.65% yesterday and have surged 8% in just six trading days. Silver rose 56 cents from $15.34 to $15.90 per ounce yesterday, made further gains in Asian and early European trading and broke above the psychological resistance of $16 per ounce. Since last Monday (April 4), silver has surged from $14.93 […]

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09
Apr
2015

Bank Deposits No Longer Guaranteed By Austrian Government

– Austria will remove state guarantee of bank deposits – Austrian deposit plan given go ahead by the EU – Banks to pay into a deposit insurance fund over 10 years – Fund will then be valued at a grossly inadequate €1.5 billion – New bail-in legislation agreed by EU two years ago – Depositors […]

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16
Dec
2014

Gold Imports ‘Phenomenal’ In India – 571 Percent Surge To 150 Tonnes in November

India’s gold imports were over a staggering 150 tonnes in November and have seen a “phenomenal” rise in India according to India’s Trade Secretary, Rajeev Kher.

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16
Dec
2014

Silver Eagle Coin Sales Very Robust – Record High For Second Consecutive Year

Silver bullion demand remains very robust as silver stackers continue to stack. 2014 has been another record-breaking year at the U.S. Mint which has sold 43.3 million silver eagle coins – up from 42.7 million coins last year.

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09
Dec
2014

European Banks At Risk Of Bail-Ins In 2015 – Moody’s and S&P Warn

Europe's banks are vulnerable in 2015 due to weak macroeconomic conditions, unfinished regulatory hurdles and the risk of bail-ins according to credit rating agencies.

The economic outlook for European banks in 2015 will be hampered by weak profits, risks of bail-ins and litigation charges, Moody's Investors Service announced Monday.

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13
Nov
2014

“Now Is A Good Time” To Buy Gold – Fidelity Investments

Joe Wickwire, research analyst and portfolio manager at Fidelity investments, presented some very grounded, reasonable arguments as to why one should buy gold at the LBMA Precious Metals Conference in Lima, Peru which concluded on Tuesday.


Fidelity Investments Logo

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26
Aug
2014

Russia Coordinating Gold Reserve Accumulation With Ex Soviet States?


Gold bars in a vault in West Point, N.Y. (Associated Press)
Or are they?

The IMF’s latest international gold reserves data, updated yesterday, shows that in July, Russia raised its official gold reserves to 35.5 million ounces (1,104 tonnes).

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21
Aug
2014

Mafia Boss Says Stocks A Bubble, Buy Physical Gold and Silver


Michael Franzese, the former powerful mafia boss turned motivational speaker and author, warned on CNBC that stocks are a bubble, Wall Street is crooked and advised people to own physical gold and silver bars.

Asked for his “top investment tips,” Franzese told CNBC:

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