07
Sep
2016

Silver Bullion Surges 3.5% To Over $20/oz

Silver surged 3.5% yesterday rising 65 cents and closing at $20.04/oz and gold rose by 2% or by $23 to close at $1,348.80/oz after poor economic data in the U.S. underlined deepening concerns about the economic and indeed the monetary outlook. Silver in USD – 10 Years Gold ended near its late session high of $1351.83 […]

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06
Sep
2016

Ireland “Especially Exposed” To “International Shocks” Warns Central Bank

Ireland remains especially exposed to another financial shock because of the extremely high levels of public and private debt, the open nature of the economy, and Brexit, Irish Central Bank Governor Philip Lane has warned in a pre-budget letter to Minister for Finance, Michael Noonan. “Ireland is especially exposed due to the legacy of high public […]

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05
Sep
2016

Deutsche Bank Tries To Explain Failure To Deliver Physical Gold

The debacle involving Deutsche Bank’s failure to deliver physical gold from the Xetra-Gold exchange traded commodity (ETC) continued on Friday after a press release from Deutsche Bank. Zero Hedge covered the “non-response” from the beleaguered German bank over the weekend: And so another non-response, because in the same press release Deutsche Bank both admits that it has an […]

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02
Sep
2016

Physical Gold Delivery Failure By German Banks

The physical gold delivery failure to clients of Deutsche Bank who own Xetra-Gold, the gold exchange traded commodity, was confirmed yesterday by Deutsche Bourse who said that the inability to deliver gold was not limited to Deutsche Bank and that other German banks were having “problems” delivering gold. This is yet another example of a bank not making […]

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01
Sep
2016

Avoid Paper Gold – “Gold Delivery” Refused By Gold Exchange Traded Commodity

“Delivery of gold” has been refused by a popular German gold exchange traded commodity (ETC), Xetra-Gold, which is offered by Deutsche Bank, in the latest example of the risk of owning gold exchange traded commodities (ETCs), exchange traded funds (ETFs) and indeed most institutional gold investment offerings. Like many gold exchange traded funds and commodities, […]

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31
Aug
2016

Debt Bubble in Ireland and Globally Sees Wealthy Diversify Into Gold

Mark O’Byrne, Research Director of GoldCore, was interviewed by Max Keiser about the arrival of negative interest rates in Ireland and Germany, the risk of bail-ins, the return of a rental and property bubble in Dublin, the Irish and global debt bubble and why wealthy individuals and institutions are diversifying into gold. Mark O’Byrne interviewed by Max […]

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30
Aug
2016

“Why Case Against Gold Is Wrong” – James Rickards

James Rickards, geopolitical and monetary expert and best selling author of the ‘The New Case for Gold’ considered today ‘the case against gold’ in best selling UK financial publication Money Week. Rickards debunks the most commonly held arguments against gold including that gold does not have a yield, there is not being enough gold to support the monetary and […]

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29
Aug
2016

Obama To Leave $20 Trillion Debt Crisis For Clinton Or Trump

President Obama is set to leave a massive near $20 trillion debt crisis for his successor – be that Hillary Clinton or Donald Trump. The U.S. national debt reached $19.5 trillion last week and has been increasing by roughly $1 trillion a year during his Presidency and during the so called “recovery” as the U.S. government […]

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26
Aug
2016

Gold Bullion Averages Biggest Seasonal Gains in September Over Past 20 Years

Gold bullion has had its biggest gains in September over the past 20 years. Seasonally gold is entering the sweet spot with the Autumn being gold’s best season and with September being gold’s best month in the last 20 years. Gold’s Monthly Performance – 1994-2014 (Bloomberg) Given the backdrop of one of the most uncertain […]

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25
Aug
2016

Gold Futures See Massive $1.5 Billion “Non Profit” Liquidation In “One Minute”

Gold futures saw a massive $1.5 billion liquidation in one minute yesterday which had all the hallmarks of a “non profit” liquidation – a large seller trying to manipulate gold futures lower rather than maximise profits. Gold Futures – August 24, 2016 (Zero Hedge) Subsequently, gold dropped throughout most of trade in New York and […]

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