Category Archive: 6a) Gold & Monetary Metals
Trump To “Bully” Fed Into Printing Money – Negative for Stocks, Positive for Gold
David McWilliams has written an interesting article in which he puts forward the case that Trump is likely to turn on the “enemy within,” the Federal Reserve and bully them into “printing money.” He points out that this was seen in 1971 when Nixon bullied the Fed into printing and debasing the dollar. McWilliams says this would be bad for stocks markets which would fall in value as was seen in the 1970s.
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Silver Production Has “Huge Decline” In 2nd Largest Producer Peru
Silver production sees “huge decline” in Peru. Production -12% in one month in 2nd largest producer. Silver decline is due to ‘exhaustion of reserves’ in Peru. GFMS recognise that ‘Peak Silver’ was reached in 2015. Global silver market had large net supply deficit in 2016. Silver rallied 13.5% in Q1 in 2017. Base metal production accounts for 56% of silver mining.
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Gold Bullion Erases Post- Election Fall as Trump Wrong on Dollar – Daily Prophet
President Donald Trump sent currency markets into a tizzy late Wednesday when he signaled his preference for a weaker dollar. “I think our dollar is getting too strong, and partially that’s my fault because people have confidence in me,” Trump told the Wall Street Journal.
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Death Spiral for the LBMA Gold and Silver auctions?
In a bizarre series of events that have had limited coverage but which are sure to have far-reaching consequences for benchmark pricing in the precious metals markets, the LBMA Gold Price and LBMA Silver Price auctions both experienced embarrassing trading glitches over consecutive trading days on Monday 10 April and Tuesday 11 April. At the outset, its worth remembering that both of these London-based benchmarks are Regulated Benchmarks, regulated...
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Perth Mint Silver Bullion Sales Rise 43 percent In March
Perth Mint’s silver bullion sales rise 43% in March. Perth Mint’s monthly gold coin, bars sales fall 12%. Gold silver ratio of 32 – 32 times more silver ounces sold. Gold: 22,232 oz and Silver: 716,283 oz – bullion coins and minted bars sold. Gold is 2.6% higher and silver surged 3.1% in the shortened week with markets closed for Good Friday tomorrow.
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Gold Price Surges Above Key 200 Day Moving Average $1270 Level
Gold price breaks above key 200-day moving average. Gold hits 5-month high on back of investor nervousness. Safe haven has 10% gains in 2017 after 9% gains in 2016. Gold options signal more gains as ETF buying increases. Geopolitical uncertainty over North Korea & Middle East. Tensions high -World awaits US move & Russia response.
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Bank of England Rigging LIBOR – Gold Market Too?
Bank of England implicated in LIBOR scandal by BBC. “We’ve had some very serious pressure from the UK government and the Bank of England about pushing our Libors lower.” “This goes much much higher than me”- UBS’ Tom Hayes. Libor distraction as all markets are manipulated today. Central bank’s “rigging” bond markets and likely gold.
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Time to Hedge State Reserve Funds with Gold?
Financially prudent individuals set aside surplus funds to protect against unforeseen expenditures. This way, when faced with loss of income, house repairs, car trouble, or anything else, they will have a buffer against unanticipated downturns. In the same vein, almost every state in the United States has established a “savings account” for government operations.
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BLICK besucht Börsenguru Marc Faber auf seinem Anwesen in Thailand
Der Schweizer Investor Marc Faber hat BLICK auf sein riesiges Anwesen in Chiang Mai, Thailand, eingeladen. Bei einem Rundgang durch seine Villa zeigt er seine Bücher- und Bildersammlung wie auch seine imposante Thron-Toilette.
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Gold Silver Oil Spike After U.S. Bombs Syria
Gold silver oil spike after U.S. bombs Syria. Gold and silver spike 1% as oil rises 1.4%. Gold breaks 200 day moving average, 4th week of gains. Stocks fall after U.S. strikes in Syria rattle markets. U.S. missiles hit airbase; Lavrov says no Russian casualties; Russia deploys cruise missile frigate to Syria.
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Dr Marc Faber: Coordinating Central Bankers Desperate to Keep Colossal Global Debt Bubble Inflated
Jason Burack of Wall St for Main St interviewed returning guest, Editor & Publisher of the Gloom Boom & Doom Report https://www.gloomboomdoom.com/, Dr. Marc Faber. During this 25+ minute interview, Jason asks Marc if he thinks the Federal Reserve will increase interest rates 2-3 times more in 2017? Marc thinks the Fed will only raise …
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Marc Faber Warns of A Looming Deflationary Collapse in 2017
Marc Faber Warns of A Looming Deflationary Collapse I created this video with the YouTube Video Editor (http://www.youtube.com/editor)
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Gold, Silver Best Performing Assets In Q1, 2017
Gold, silver two of the best performing assets in the first quarter of 2017 with gains of 8% and 14% respectively. Gold outperforms benchmarks – S&P 500 up 6%, MSCI (All Country World Index) up 6.4% (see tables). Nasdaq and German DAX rise 11.8% and 7.6%. Silver best performing currency in quarter. Five best performing currencies in Q1 are in order – silver, bitcoin, Mexican peso, Russian ruble and gold.
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