12
Jun
2017

Pension Funds, Sovereign Wealth Funds, Central Banks “Stock Up” on Gold “Amid Uncertainty”

Pension Funds, Sovereign Wealth Funds and Central Banks “Stock Up” on Gold “Amid Uncertainty” By Attracta Mooney Financial Times, London Sunday, June 11, 2017 The gold reserves of the world’s biggest public sector investors reached an 18-year high as they hoarded the precious metal after Donald Trump’s election and the Brexit vote added to geopolitical […]

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10
Jun
2017

4 Charts Show Gold May Be Heading Much Higher

by Alex Rosenberg of CNBC Gold just hit its highest level since election night, and some see more upside ahead for the precious metal. Gold experienced “a textbook breakout from a symmetrical triangle or wedge,” Rich Ross, technical analyst with Evercore ISI, said Tuesday on CNBC’s “Power Lunch.” “That’s quite bullish,” Ross added. He also […]

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09
Jun
2017

Gold in Pounds Surges 1.5% To £1,001/oz – UK Political Turmoil Likely

– Gold in pounds rises 1.5% from £986/oz to £1,001/oz after shock UK election result – Gold reaches 7 week high and surges 6% in the last 30 days from £942/oz to £1,001/oz Gold in pounds – 1 month – Very robust gold sales experienced by gold brokers, including GoldCore, in the UK this week […]

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08
Jun
2017

Gold Prices Steady On UK Election Risk; ECB Meeting and Geopolitical Risk

Gold Prices Steady On UK Election Risk; ECB and Geopolitical Risk by Reuters * Gold prices could see strong intraday volatility – analyst * UK election, Ex-FBI director testimony, ECB meeting set for later in the day * Downside for gold is “limited” (especially in sterling) Gold held steady on Thursday as investors awaited cues […]

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07
Jun
2017

Gold Breaks 6-Year Downtrend On Safe Haven and 50% Surge In Chinese Demand

– Gold prices break 6 year down trend on safe haven demand (see charts) – Chinese gold demand set to surge 50% to 1,000 metric tonnes – Chinese demand for gold bars on track to surge more than 60 percent in 2017 – Geopolitical risk internationally leading to safe haven demand – UK election, terrorism and […]

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06
Jun
2017

Deposit Bail In Risk as Spanish Bank’s Stocks Crash

– Deposit bail in risk as stocks and bonds of Spanish bank –  Banco Popular – crash – Banco Popular stock crashes most on record – down 63% this year to 34 euro cents – Spanish bank tells employees – “Don’t panic” – Risk of Spanish banking crisis as Banco Popular credit curve inverts – Banco Popular […]

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05
Jun
2017

Terrorist attacks see Gold Stay Firm

A summer evening on London Bridge and in Borough Market ended in terror on Saturday as attackers killed seven people and injured 48. This is the second terrorist attack on British soil in less than two weeks and the the third this year. The attack was immediately labelled as a terrorist attack. In the hours […]

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02
Jun
2017

Trust in the Bigger Picture, Trust in Gold

Trump pulls out of Paris Climate Accord Gold pauses ahead of non-farm payrolls data In Gold We Trust 2017 released Reports on the ‘Everything Bubble’ On average gold is up 5.88% ytd, since start of 2017. Trump ‘was the trigger of the sudden reverse thrust of the gold price’ Reorganization of the global monetary order […]

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01
Jun
2017

Trump, UK and the Middle East drive uncertainty

Gold hits five-week high Reaches $1,273.74/oz, highest since April 25th Sterling recovers after UK polls point towards a hung Parliament Expected Fed-tightening capped gains 90-dead in Kabul, further signs of increasing tension in Middle East Trump expected to pull out of Paris Accord and Trump’s anti-Iran axis already feuding Yesterday gold hit $1,273.74/oz, a level […]

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31
May
2017

Is China manipulating the gold market?

Hedge fund, PhD statistician claims gold market is “the most blatant case of manipulation” PhD: “Statistically impossible unless there’s manipulation occurring” Gold serves as political chips on the world’s financial stage. Price is being suppressed until China gets the gold that they need Gold will go higher when all central banks ‘confront the next global […]

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