Category Archive: 6a.) GoldCore

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Silver Futures Report and JP Morgan Record Silver Bullion Holding Is Extremely Bullish

2018-03-29

Silver Futures Report, JP Morgan Record Silver Bullion Holding Is Extremely Bullish. JP Morgan Continues Adding To Massive Silver Bullion Holdings (see chart). Silver Speculators Go Short – Which Is Extremely Bullish. Stunning Silver COT Report: One For the Ages (see chart).

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Global Trade War Fears See Precious Metals Gain And Stocks Fall

2018-03-25

by Jan Skoyles

2018-03-25

– Market turmoil as trade war concerns deepen and Trump appoints war hawk Bolton – Oil, gold and silver jump as ‘Russia China Hawk’ Bolton appointed – Oil up 4%, gold up 2.2% and silver up 1.6% this week (see table) – Stocks down sharply – Nikkei down 4.5%, S&P 4.3% & Nasdaq 5.5% – Bolton scares jittery markets already shell-shocked by US’ tariffs against China – Currency wars and trade wars tend to proceed actual wars – Gold now...

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Gold +1.8 percent, Silver +2.5 percent As Fed Increases Rates And Trade War Looms

2018-03-24

by Jan Skoyles

2018-03-24

Gold gained 1.8% and silver 2.5% to $1,333/oz and $16.60/oz yesterday. Gold climbs as Fed increases interest rates by 0.25% – now 1.5% to 1.75% range. Dovish Fed Chair Powell plans fewer than expected rate hikes in 2018. Markets disappointed at lack of hawkish comments from new Fed Chair. Dollar LIBOR rises to highest level since November 2008 – $200 trillion worth of dollar-denominated financial products including mortgages based off LIBOR.

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Credit Concerns In U.S. Growing As LIBOR OIS Surges to 2009 High

2018-03-23

by Jan Skoyles

2018-03-23

Three-month US Dollar Libor-OIS Spread, 2009 - 2018

Key Metric LIBOR OIS Signals Major Credit Concerns. Widening of the spread between LIBOR OIS (overnight index swap) rate raises concerns. Spread jumped to 9 year widest spread, rising to 54.6bps, most since May 2009. Libor recently moved to over 2% for first time since 2008. Wider spread usually associated with heightened credit concerns.

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Four Charts: Debt, Defaults and Bankruptcies To See Higher Gold

2018-03-21

by GoldCore

2018-03-21

$8.8B Sprott Inc. sees higher gold on massive consumer debt, defaults & bankruptcies. Rising and record U.S. debt load may cause financial stress, weaken dollar and see gold go higher. Massive government and consumer debt eroding benefits of wage growth (see chart).

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Buy Silver And Sell Gold Now

2018-03-19

by Mark O'Byrne

2018-03-19

Buy silver and sell gold now – Frisby. Gold should cost 15 times as much as silver. Silver might have disappointed in short term – But it’s time to buy. Editor’s note: Silver has outperformed stocks, bonds and gold over long term (see table).

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Gold Cup At Cheltenham – Gold Is For Winners, Not For the Gamblers

2018-03-17

by Mark O'Byrne

2018-03-17

Gold Cup at Cheltenham – ‘The Olympics’ of the European horse racing calendar. Gold Cup trophy contains 10 troy ounces of gold – worth £9,000. £620 million bets on horses, 230,000 pints of Guinness will be drunk, 9.2 tonnes of potato eaten. Since the 5th century BC, gold has been the ultimate prize to award champions and gold has been constantly and universally awarded as top prize.

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Hungary’s Gold Repatriation Adds To Growing Protest Against US Dollar Hegemony

2018-03-15

by Jan Skoyles

2018-03-15

Hungary’s Gold Repatriation Adds To Growing Protest Against US Dollar Hegemony. Hungarian National Bank (MNB) to repatriate 100,000 ounces gold from Bank of England. Follows trend of Netherlands, Germany, Austria and Belgium each looking to bring gold back to home soil. Hungary one of the smallest gold owners amongst central banks, with just 5 tonnes. Central bank gold purchases continue to be major drivers of gold market.

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Gold Protects As Cashless Society Threatens Vulnerable

2018-03-14

by Jan Skoyles

2018-03-14

Disappearing Cash in Sweden, 1995 - 2018

Gold Protects As Cashless Society Threatens Vulnerable. Swedish authorities concerned cashless society is happening ‘too quickly’ and heading into ‘negative spiral’. Only 25% of Swedes paid in cash at least once a week in 2017, 36% never use cash. Cash usage in Sweden falling both as share of GDP and in nominal terms. Sweden may be world’s first economy to introduce a cryptocurrency, the e-krona. Cashless is not a disincentive for illegal drug...

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Stock Market Selloff Showed Gold Can Reduce Portfolio Risk

2018-03-12

by Jan Skoyles

2018-03-12

Intraday Price Performance of Key Assets, 5 February

Stock Market Selloff Showed Gold Can Reduce Portfolio Risk. Recent stock market selloff showed gold can deliver returns and reduce portfolio risk. Gold’s performance during stock market selloff was consistent with historical behaviour. Gold up nearly 10% in last year but performance during recent selloff was short-lived. The stronger the market pullback, the stronger gold’s rally. WGC: ‘a good time for investors to consider including or adding gold...

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Women’s Pension Crisis Highlights Dangers To Savers

2018-03-11

by Jan Skoyles

2018-03-11

Women’s Pension Crisis Highlights Dangers To Savers. – International Women’s Day highlights the underreported UK Women’s pension crisis. – 2.66 million affected by UK government’s change to state pension act. – Women’s pension crisis is one of many in the UK, where there is a £710bn deficit for prospective retirees. – Changes by government highlights the counterparty risks pensions are exposed to. – Global problem as pensions gap of developed...

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Gold Does Not Fear Interest Rate Hikes

2018-03-09

by Jan Skoyles

2018-03-09

Gold Does Not Fear Interest Rate Hikes. Gold no longer fears or pays attention to Fed announcements regarding interest rates. Renewed interest in gold due to inflation fears and concern Fed won’t do enough to control it. Higher interest rates on horizon will make debt levels unsustainable. New Fed Chair warns “the US is not on a sustainable fiscal path” and could lead to an “unsustainable” debt load. Higher interest rates are good for gold as seen...

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London Property Sees Brave Bet By Norway As Foxtons Profits Plunge

2018-03-09

by Jan Skoyles

2018-03-09

London Property Sees Brave Bet By Norway As Foxtons Profits Plunge. Sales in London property market at ‘historic lows’. 65% fall in pre-tax profits in 2017 to £6.5m reported by London estate agents Foxtons. Foxtons warns 2018 will ‘remain challenging’ for London property. Norway’s sovereign wealth fund is backing London’s property market. RICS: UK property stock hits record low as buyer demand falls. Own physical gold to hedge falls in physical...

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Silver bullion will likely outperform gold bullion going forward

2018-03-08

by John Rubino

2018-03-08

Normally the action in the gold and silver futures markets tends to be pretty similar, since the same general forces affect both precious metals. When inflation or some other source of anxiety is ascendant, both metals rise, and vice versa. But lately – perhaps in a sign of how confused the world is becoming – gold and silver traders have diverged.

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Four Key Themes To Drive Gold Prices In 2018 – World Gold Council

2018-03-05

by Mark O'Byrne

2018-03-05

Four key themes to drive gold prices in 2018 – World Gold Council annual review. Monetary policies, frothy asset prices, global growth and demand and increasing market access important in 2018. Weak US dollar in 2017 saw gold price up 13.5%, largest gain since 2010. “Strong gold price performance was a positive for investors and producers, and was symptomatic of a more profound shift in sentiment: a growing recognition of gold’s role as a wealth...

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Gold Corridor From Dubai to China Sought By China

2018-03-03

by Mark O'Byrne

2018-03-03

Gold corridor from Dubai to China sought by Chinese Gold & Silver Exchange Society. New Asian gold trading corridor could boost demand for 1 kg gold bars. Should increase turnover for yuan-denominated gold coins and bars – President. Secure supplies of physical gold from Middle East and Asia for China. China positioning itself as leading gold trading and owning nation.

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Digital Gold Provide the Benefits Of Physical Gold?

2018-03-01

by Jan Skoyles

2018-03-01

Will digital gold provide the benefits of physical gold? Digital gold and crypto gold products claim to combine efficiencies of blockchain with value of gold. They are yet to provide the same benefits or safety as owning physical gold. National mints jumping in on the ‘sexy blockchain’ act. BOE declares bitcoin ‘not a currency;’ Royal Mint launches blockchain gold product.

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Russian Central Bank Buys Gold – 600,000 Ounces Or 18.7 Tons In January As Venezuela Launches ‘Petro Gold’

2018-02-24

by Mark O'Byrne

2018-02-24

Russian central bank buys gold – large 600,000 ounces or 18.7 tons of gold in January. Russia increased its holdings to 1,857 tons, topping the People’s Bank of China’s ‘reported’ 1,843 tons. Russia surpasses China as 6th largest holder of gold reserves – after U.S., Germany, IMF, Italy and France. Turkish central bank added 205 tons “over 13 consecutive months” – Commerzbank

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Bitcoin or British Pound ‘Pretty Much Failed’ As Currency?

2018-02-23

by Mark O'Byrne

2018-02-23

Bitcoin has ‘pretty much failed’ as a currency says Bank of England Carney. Bitcoin is neither a store of value nor a useful way to buy things – BOE’s Carney. Project fear against crypto-currencies or an out of control investing bubble? Bitcoin will likely recover in value but is speculative and not for widows and orphans. British pound has been a terrible store of value – unlike gold. Pound collapsed 30% in 2016 and down 11.5% per annum versus...

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Bank Bail-In Risk In European Countries Seen In 5 Key Charts

2018-02-22

by Jan Skoyles

2018-02-22

NPLs and Advances of Total Loans and Advances, Q2 2017

Bank Bail-In Risk In Europe Seen In 5 Charts. Nearly €1 trillion in non-performing loans poses risks to European banks’. Greece has highest non-performing loans as a share of total credit. Italy has the biggest pile of bad debt in absolute terms. Bad debt in Italy is still “a major problem” which has to be addressed – ECB. Level of bad loans in Italy remains above that seen before the financial crisis. Deposits in banks in Greece, Cyprus, Italy,...

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