Category: Weekly Market Update

06
Jan
2017

Gold Gains In All Currencies In 2016 – 9% In USD, 13% In EUR and Surges 31.5% In GBP

– Gold gains in USD, GBP, EUR, CAD, AUD, NZD, JPY – Gold gains in CNY, INR & most emerging market currencies – Gold surges 31.5% in British pounds after Brexit shock – Gold acted as hedge and safe haven in 2016 … for those who need safe haven – Further signs of market having bottomed and bodes well […]

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06
Jan
2017

Gold Gains In All Currencies In 2016 – 9% In USD, 13% In EUR and Surges 31.5% In GBP

– Gold gains in USD, GBP, EUR, CAD, AUD, NZD, JPY – Gold gains in CNY, INR & most emerging market currencies – Gold surges 31.5% in British pounds after Brexit shock – Gold acted as hedge and safe haven in 2016 … for those who need safe haven – Furthers signs of market having bottomed and bodes well […]

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10
Jun
2016

Soros Buying Gold On BREXIT, EU “Collapse” Risk

George Soros is again buying gold and selling and going short stocks due to BREXIT and EU “collapse” risk, after a six year hiatus from the gold market. Gold in USD (2009 to 2012) The multi-billionaire hedge fund manager, the man who “broke the Bank of England” and one of the richest and most powerful […]

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09
Jun
2016

UK Buying Gold Bullion On BREXIT “Nerves”

Gold bullion is seeing increased sales in the UK on BREXIT “nerves” according to Reuters today: “Demand for bullion bars and coins is rising, with men and women of all ages buying up the safe-haven metal in case of a British exit from the European Union. Mark O’Byrne, director of Dublin-based gold dealer Goldcore, said the price […]

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20
May
2016

Buy Silver – “Best Precious Metals Trade”

  “Buy silver, sell gold” is the bold call of currency and money analyst Dominic Frisby in the latest edition of best selling Money Week. Frisby looks at the relative value of silver to gold and comes to the conclusion that silver is a better buy right now. We share his bullish view on silver […]

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13
May
2016

Ryanair CEO On BREXIT, Contagion, The EU and Gold

Michael O’Leary was forthright, opinionated and humorous as ever today at a Bloomberg News conference where he warned that Brexit could lead to contagion. The CEO of one of Europe’s largest airlines said that the airline would be unlikely to diversify into gold, as it is in his eyes a “risky asset.” Ryanair CEO, Michael O’Leary handed […]

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22
Apr
2016

Silver Prices Up 6% This Week and 25% YTD; Gold Up 1% This Week

Silver prices rose again this week and are nearly 6% higher  for the week, while gold quietly eked out a 1% gain. Today, gold fell 0.18% to $1,247 an ounce after hitting a five-week high of $1,270.10 an ounce yesterday. Silver is up nearly 2% today to $17.36 an ounce. It had rose to a 11-month […]

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15
Apr
2016

Silver Prices Up 5.6%; Gold Down 1% This Week. Deutsche Bank Settles Gold and Silver Manipulation Suits

Silver prices have surged 5.6% this week, while gold is down 1% in dollar terms, 1.5% in sterling terms but flat in euro terms. Gold appears to be consolidating after the recent gains and the bounce in stocks this week is likely leading to traders taking profits. Market Performance – 1 Week (Finviz.com) Silver remains strong despite […]

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11
Apr
2016

Bank Bail Ins Begin as EU Bank “Bailed In” In Austria

Bank bail ins in the EU are here after Austria’s financial markets regulator FMA imposed a hefty haircut on creditors in an Austrian bank. Creditors in the bank Heta Asset Resolution will receive less than half of their money back according to the country’s financial regulator, the FMA. Senior bondholders in the so called “bad bank” could […]

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08
Apr
2016

Number One Reason To Buy Gold and Silver Is “Cyber Financial Warfare”

The number one reason to buy gold bullion given the new risks in the 21st century digital age is “cyber financial warfare,” Jim Rickards, Chief Global Strategist at West Shore Funds told “Bloomberg Markets” this week. The respected analyst and best selling author has just released his new book, ‘The New Case for Gold’ and discussed the risks […]

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