22
Feb
2016

Silver and Gold Will Protect From Coming Bail-Ins

Josh Sigurdson and John Sneisen of World Alternative Media interviewed Mark O’Byrne, co-founder of GoldCore, late last week. The value of silver and gold during bail-ins and in a financial crisis was covered and other topics covered included – History of gold and silver as money – How gold retains value while paper money always reverts […]

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19
Feb
2016

“Own Some Solid Currency, In Other Words … Gold” Warns Faber

“Leave a million dollars with a bank, and in a year, you get only something like $990,000 back,” Marc Faber, respected publisher of the Gloom, Boom & Doom Report, told Bloomberg by phone yesterday. “I would rather want to own some solid currency, in other words … gold” warned Faber. Gold bears for years fed off […]

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18
Feb
2016

ABN AMRO Predict Gold At $1,300 By Year End, Up From $900

Gold is holding solidly above $1,200, brushing off news of the freshly released Fed minutes. Iranians cautiously welcome the Saudi-Russian oil production pact, while stating that they support cooperation to achieve higher oil prices, they also have domestic pressure to ramp up export of supply and cash in after years of being locked out of the […]

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17
Feb
2016

Gold Stabilises Above $1,200; Asia Markets Run Out Of Steam

Global economic turmoil continues to rumble on as major economies seek to come to grips with a changing monetary environment, sagging growth, low inflation, pockets of deflation and uncertainty over the future of Europe post Brexit. Japanese shares sold off after their gains on Monday, falling 1.8% in today’s trading sessions. European shares rising 1.6% this […]

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16
Feb
2016

Euro Bond Crisis Returns As Germany Pushes Euro Sovereign Debt Bail-in Clause

European Banks holding European sovereign debt may have to take haircuts and be part of bail in plans should that same debt default, according to a plan being pursued by German government advisers. In another attempt to shelter German tax payers from the largess and excess of fellow European neighbouring countries’ national banks, the move […]

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15
Feb
2016

Gold Price Pulls Back As “Bad Actor” Fed Signals Slower Rate Hike Cycle

Volatility, loss of confidence and central bank impotence stalk the capital markets. Gold pulls back in an expected retrenchment. Equity markets are still digesting what the world looks like: absence of a strong Chinese domestic economy, developing economies losing their easy credit, oil prices adjusting to demand levels indicative of economic activity and, most tragically, the […]

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12
Feb
2016

Gold Surges Another 7% This Week – Largest Gain Since 2008

Gold bullion jumped 4 percent yesterday to $1,244.20/oz, its biggest single-day percentage rally since 2013. For the week, gold is 7.2% higher which is its biggest weekly gain since the global financial crisis in 2008. Asset Performance – 1 Week Gold and silver have benefited along with high credit government bonds from a rush to safety as […]

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11
Feb
2016

Gold Surges 3.2% To $1,241/oz As Deutsche Bank And Other Stocks Fall Sharply

Gold has surged over 3% today on increased safe haven demand as stocks and in particular bank stocks see sharp falls. German shares have nose dived again and German colossus Deutsche Bank has fallen over 8%. Futures – 1 Day Relative Performance – Finviz.com A host of negative factors sent investors fleeing riskier assets. Oil prices slid […]

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10
Feb
2016

Mutual Funds, ETFs at Risk of a Run Warns Stockman

In one of his starkest warnings yet, Former White House Budget Director (Office of Management and Budget, OMB), David Stockman has warned that banks and the global financial system remain vulnerable and there is likely to be another global financial crisis which will be worse than the first involving “a run on mutual funds and ETFs.” Stockman warns […]

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09
Feb
2016

“Gold’s Fundamentals and Technicals Look Better and Better”

Gold surged another 1.5% higher yesterday, and had its best closing level since mid-June as strong physical demand and concerns about the global economy, the banking sector and the risks of a new global financial crisis saw further gains. Gold jumped $34.70, or 3%, to $1,192.40 an ounce and registered its best single-session point and percentage gain since […]

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