12
Oct
2016

Gold In GBP Up 43% YTD – “Massive Twin Deficits” To Impact UK Assets

Gold in GBP has risen another 3.5% in the last 3 trading days as the British pound continues to be “pounded” on international markets. Gold in GBP terms is now 43% higher year to date and has risen from £716/oz on January 1st to £1024/oz today. Sterling is now the worst performing major currency in 2016 and gold […]

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11
Oct
2016

Ron Paul Says “Gold Going Up” Whether Trump Or Clinton Elected

Gold prices “are going up” whether Trump or Clinton are elected according to most analysts in the gold market including former Libertarian and Republican presidential candidate Ron Paul. Even Goldman Sachs, the primary significant bearish voice regarding gold prices is now bullish on gold in the medium and long term. Ron Paul, an astute observer of the markets, […]

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10
Oct
2016

Gold Trading COT Report “Means Lower – Then Much Higher – Prices Coming”

The gold trading Commitment of Traders (COT) report, released Friday, shows the peculiarly timed gold sell off and much needed wash out of speculative longs out of the gold futures market last week sets gold up for lower prices, prior to moving higher again. The timing of the sudden sell off, when Chinese gold markets […]

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07
Oct
2016

Currency Shock Sees Sterling Gold Surges 5% In One Minute “Flash Crash”

Sterling gold surged 5% in less than a minute overnight in Asia with prices rising from £994/oz to £1,043.40/oz as sterling had a massive “flash crash.” Sterling plummeted in the second biggest fall in its history – only slightly less than the collapse after the Brexit vote. Despite gold’s peculiar, sharp fall in dollar terms on […]

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06
Oct
2016

Top Gold Forecaster: “As Quickly As Gold Fell” May “Rally Back” on Global Risks

Top Gold Forecaster Says “As Quickly As Gold Fell” May “Rally Back” on Global Risks Gold’s largest plunge in 14 months may soon reverse according to gold’s top forecaster in Q3 according to Bloomberg: Looming risks from the U.S. presidential election in November to Britain starting talks to leave the European Union next year may […]

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05
Oct
2016

Gold Buying ‘Opportunity’ After Surprise 3.4% Drop

Gold Buying ‘Opportunity’ After Surprise 3.4% Drop   “Gold rebounded after the biggest drop in more than a year as investors reminded themselves of a world that’s beset by risk, from the prospect of further currency weakness to the final stretch of the U.S. presidential election,” according to Bloomberg today. As Investors See World Beset by […]

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04
Oct
2016

Deutsche Bank “Is Probably Insolvent”

Deutsche Bank “Is Probably Insolvent”  by Tim Price This is getting to be a habit. Previous late summer holidays by this correspondent coincided with the run on Northern Rock, and subsequently with the failure of Lehman Brothers. So the final crawl towards the probable nationalisation of Deutsche Bank came as no particular surprise this year, […]

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03
Oct
2016

GBP Gold Rises 1.3% as Sterling Slumps On ‘Hard Brexit’ Concerns, Up 36% YTD

Sterling gold rose 1.3% today as sterling slumped again after the UK set a March deadline to start their ‘Brexit divorce’ proceedings from the European Union and on deepening nervousness regarding a ‘Hard Brexit’. Gold in GBP – 10 Years Theresa May’s bombshell deadline by which the UK will exit the EU given at her […]

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30
Sep
2016

Why Krugman, Roubini, Rogoff And Buffett Hate Gold

Why Krugman, Roubini, Rogoff And Buffett Dislike Gold By Jan Skoyles  Edited by Mark O’Byrne  A couple of weeks ago an article appeared on Bitcoin Magazine entitled ‘Some economists really hate bitcoin’. I read it with a sigh of nostalgia. As someone who has been writing about gold for a few years, I am used to reading […]

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29
Sep
2016

ECB Refused “To Answer Questions” – Deutsche Bank “Systemic Threat” Is “Not ECB Fault”

The potential collapse of Deutsche Bank and the systemic risk it poses to banks and the European financial and monetary system moved into the German political sphere yesterday. The German government denied it was preparing a rescue of the embattled bank and the Bundestag attempted to ask questions of ECB President Mario Draghi about the causes of the […]

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