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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28
Sep
2016

Euro “Might Start To Unravel” If Collapse Of Deutsche Bank

The euro “might start to unravel” if Deutsche Bank collapses according to respected financial journalist Matthew Lynn. “It all has a very 2008 feel to it …” he warns in the Telegraph where he outlines his growing concerns about Deutsche Bank, concerns we have written about in recent months. He writes: Our image of German banks, and […]

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27
Sep
2016

Do You Really Own Your Gold?

Do You Really Own Your Gold? by Ted Bauman, Editor, The Bauman Letter What does it mean to “own” something? It’s a question you should be asking … especially if that something is gold. The Oxford English Dictionary defines ownership as “the act, state, or right of possessing something.” That sounds about right. But what does it […]

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26
Sep
2016

“Gold Will Likely Soar To A Record Within Five Years”

“Gold will likely soar to a record within five years as asset bubbles burst in everything from bonds to credit and equities, forcing investors to find a haven”, reported Bloomberg last week, quoting Old Mutual Global Investors’ Diego Parrilla. The metal is at the start of a multi-year bull run with a “few thousand dollars […]

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