Tag Archive: Daily Market Update

Why 2017 Could See the Collapse of the Euro – Stiglitz

2017-01-30

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2017-01-30

Gold in EUR
2017 could be the year that the euro collapses according to Joseph Stiglitz writing in Fortune magazine and these concerns were echoed over the weekend by former Bundesbank vice-president and senior European Central Bank official, Jürgen Stark, when he said that the ‘destruction’ of the Eurozone may be necessary if countries are to thrive again.

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Gold’s average gains in inauguration years of 15 percent since 1974

2017-01-20

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2017-01-20

Gold's Gusto, Bullion bulls thrive in most inauguration years
Gold’s average gains in inauguration years of 15% since 1974. First year of new President frequently a time of increased uncertainties and risks. Gold rose 30% in the 12 months after Obama inauguration. Massive political uncertainty. President’s conflict with the CIA. ‘Strong dollar policy’ to end as U.S. has $120 trillion plus debt. Trump inherits Bush and Obama’s humongous debt.

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