Category Archive: 6a.) GoldCore

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EU and Euro Exposed To Risks Including Trade Wars and War With Russia In Middle East

2018-04-18

– EU and euro face growing risks including trade wars, energy independence and war with Russia in Middle East. – Middle East war involving Russia may badly impact energy dependent & fragile EU. – Trade and actual wars on European doorstep show the strategic weakness of the EU. – Toxic combination due to growing anti-EU and anti-Euro sentiment in many EU nations.

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Trump Tweets Russia “Get Ready” For Missiles In Syria – Gold, Oil Rise and Stocks Fall

2018-04-15

by Mark O'Byrne

2018-04-15

Dow set to drop 300 points at open after Trump tweet today. Stocks see sell off and gold pops to test resistance at $1,350/oz. US stock futures suggest over 1% losses at New York open. Oil surged to a two-week high and has surged nearly 7% this week. U.S. bombing Syria may provoke escalation of conflict with Russia and wider conflict in volatile Middle East.

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Gold Out Performs Stocks In 2018 and This Century By Ratio Of Two To One

2018-04-14

by Mark O'Byrne

2018-04-14

– Gold outperforming stocks in 2018 and this century (see chart) – Gold up close to 2% in 2018 while S&P 500 is down 2% – Trump trade wars and Kudlow as Trump chief economic advisor is gold bullish – Given gold’s performance, Kudlow’s dismissal of gold as “end of the world insurance” is “irrational” – Market volatility could drive gold to $1,500/oz in 2018 – Holmes

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Jamie Dimon Warns Of Potential ‘Market Panic’

2018-04-08

by Jan Skoyles

2018-04-08

Jamie Dimon Warns Of Potential ‘Market Panic’. JPMorgan Chase CEO Jamie Dimon sees ‘chance of market panic’. In annual letter to shareholders Dimon warns of increased inflation and interest rates. Concerned QE unwinding could cause chaos as ‘markets will get more volatile’.

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Silver Bullion: Should We Be Worried About Silver?

2018-04-07

by Jan Skoyles

2018-04-07

Silver Bullion: Should We Be Worried About Silver? Bloomberg’s Mike McGlone silver “set to test the $18 an ounce resistance level”. LBMA report: volume of silver ounces transferred in February fell by 24%. Standard Chartered: gold-silver ratio and supply/demand fundamentals favour silver. Gold/silver ratio at near two-year high on silver’s underperformance. Silver COT reports remain more bullish than at any time in history.

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Brexit, Stagflation Pressures UK High Street

2018-04-06

by Jan Skoyles

2018-04-06

Brexit, Stagflation Pressures UK High Street. UK high street and wider consumer market feeling effects of financial crisis, Brexit and inflation. 350,000 retails jobs expected to disappear between 2016 and 2020. Centre for Retail Research predicts 9,500 shops to close this year and 10,200 in 2019. UK is ‘worst performing’ European market for new car registrations – Moody’s. UK’s growth outlook is the ‘worst in the G20’ – Institute of Fiscal...

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Gold Is Money While Currencies Today Are “IOU Nothings”

2018-04-05

by John Exter

2018-04-05

Now that the international monetary system we have long known has broken down, and the world is groping through monetary reform for a new one, it is time to consider some fundamentals. What is money anyway? First, it is a means of payment or medium of exchange. I prefer that first phrase. It is simpler. We all use money to pay our bills, to buy goods and services. We also accept money when we sell.

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Gold Outperforms Stocks In Q1, 2018

2018-04-03

by Jan Skoyles

2018-04-03

Gold Outperforms Stocks In Q1, 2018. Gold signs off Q1 2018 with best run since 2011. Gold price supported by safe haven demand, interest-rate concerns and inflation. Trade wars and concerns over equity market have sent investors towards gold. ETF holdings highest in nearly a decade. Goldman Sachs: ‘The dislocation between the gold prices and U.S. rates is here to stay’.

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“Stars Are Slowly Aligning For Gold” – Frisby

2018-04-01

by Jan Skoyles

2018-04-01

“Stars Are Slowly Aligning For Gold” – Frisby. Gold ends March with a third-quarterly gain, a feat not seen since 2011. Impressive gains seen despite tightening of monetary policy from Federal Reserve. Frisby – gold is set to break through technical resistance of $1,360. Gold’s safe haven role back in focus with Trump trade wars and increasing geopolitical tensions. Now is opportune time for investors to buy gold, ahead of next quarter.

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Uncle Sam Issuing $300 Billion In New Debt This Week Alone

2018-03-31

by Mark O'Byrne

2018-03-31

US needs to borrow almost $300 billion this week alone. This is the largest debt issuance since 2008 financial crisis. Trump threatens trade war with its biggest creditor – China. Bond auctions have seen weak demand due to large supply and trade war concerns. $20 trillion mark reached in early September 2017; $1 trillion added in just 6 months. US total national debt level now exceeds $21.05 trillion and is accelerating higher.

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

2018-03-29

by Jan Skoyles

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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