Perfect Storm for Precious Metals Leads to Price Correction
2020-08-13
Gold fell by nearly 6% yesterday and silver by a whopping 15%, the largest one day loss in over 7 years. The futures market saw massive volumes of selling with over 1.6 bn ounces of silver contracts sold yesterday. That’s a value of over $40 billion.
Value of gold stored by Irish metals broker GoldCore surges past €100m
2020-08-16
Investment in gold has risen during pandemic. The value of gold coins and bars stored for clients by Irish precious metals broker GoldCore has surged 68pc so far this year to more than €100m.
The value of gold coins and bars stored for clients by Irish precious metals broker GoldCore has surged 68pc so far this year to more than €100m.
Gold prices last week topped the $2,000-per-ounce level for the first time as investors seek havens from the pandemic.
“We are seeing demand on a scale which has not been seen since the early stages of the global financial crisis in 2009 and we expect that to continue in the coming months,” said GoldCore CEO Stephen Flood.
NEWS and COMMENTARY
Gold loses ground as dollar firms; investors eye U.S. stimulusSilver rallies over 6%; Gold ends higher as China-U.S. tensions seen escalatingWhy Is Everyone Buying Gold?Yields hold near historic lows on economic slowdown fears
Dollar
Gold is Looking Strong as it Tests Resistance
2020-09-16
Since it’s sell-off from it’s early August high, gold has been stuck in an ever decreasing range. Having had a remarkable rally to an intra-day high of $2,078 on the 7th of August Gold has traded sideways and consolidated. This has been viewed by many market commentators as a healthy pause in gold’s bull rally as when markets go parabolic they tend to retrace just as fast.
Heavy Metal Selling
2020-09-27
Anxiety about an increase in Covid19 cases and fears of a second wave coupled with revelations of historic money laundering practices of major global banks weighed heavily on financial markets yesterday.
Why High Net Worth Investors are Opting for Physical Gold Vs ETFs, Digital Gold & Crypto-Currencies
2020-11-06
As we continue to await the official result of the US Election, in the short-term financial markets remain volatile.
Prepare For ‘No-Deal Brexit’ – Own Physical Gold To Protect Your Wealth
2020-11-13
The Brexit deadline of December 31st, the date beyond which the transition or implementation period cannot be extended, now looms large and the dreaded “No-Deal” Brexit outcome looks increasingly possible by the day.
What is “The Great Reset” and How to Prepare
2020-11-21
“The Great Reset” is a term that we are hearing more frequently in the financial news today, but what exactly is “The Great Reset”?
In Episode 16 of The Goldnomics Podcast, Stephen Flood, Mark O’Byrne and Dave Russell discuss “The Great Reset” and how it could impact investors, what they can do now to prepare themselves and their finances and the role that gold plays in protecting your wealth.
Listen or watch the podcast here
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NEWS and COMMENTARY
Gold range-bound, caught between vaccine hopes and rising virus cases Wall Street edges higher on vaccine bets World shares slip as U.S. retail sales dampen vaccine euphoria
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Gold to $2,300 and Silver to $35 by Year End – 2021, the Year the Barometer Explodes?
2021-01-09
The US dollar set for further dramatic declines?Negative interest rate policy spreadingIncreased global liquidity in attempt to ignite a recoveryDemocrats’ win paves way for massive stimulus packagesGold and silver set to rally strongly in a perfect storm.