Tag Archive: gold price
What Went Wrong With the 21st Century?
POITOU, FRANCE – “So how much did you make last night?” “We made about $15,000,” came the reply from our eldest son, a keen cryptocurrency investor. “Bitcoin briefly pierced the $3,500 mark – an all-time high. The market cap of the entire crypto market shot up, too… with daily trading volume also rising.
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Gold Consolidates On 2.5percent Gain In July After Dollar Has 5th Monthly Decline
Gold consolidates on 2.5% gain in July as the dollar has fifth monthly decline. Trump administration and vicious “civil war” politics casting shadow over America and impacting dollar. All eyes on non farm payrolls today for further signs of weakness in U.S. economy. Gold recovers from 1.7% decline in June as dollar falls. Gold outperforms stocks and benchmark S&P 500 YTD.
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Fighting inflation with FX, a real traders market
The much anticipated document (press release and link to full document) released by U.S. Trade Representative Robert Lighthizer said the Trump administration aimed to reduce the U.S. trade deficit by improving access for U.S. goods exported to Canada and Mexico and contained the list of negotiating objectives for talks that are expected to begin in one month.
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Gold Prices Steady On UK Election Risk; ECB Meeting and Geopolitical Risk
Gold held steady on Thursday as investors awaited cues on market direction amid a number of geopolitical events later in the day that could boost the safe-haven demand for the metal.
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Gold Prices Break 6-Year-Long Downtrend On Safe Haven and 50percent Surge In Chinese Demand
Gold prices break 6 year down trend on safe haven demand (see charts). Chinese gold demand set to surge 50% to 1,000 metric tonnes. Chinese demand for gold bars on track to surge more than 60 percent in 2017. Geopolitical risk internationally leading to safe haven demand. UK election, terrorism and rising tensions in Middle East supporting gold after attacks in London and attacks in Iran today.
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New Gold Pool at the BIS Basle: Part 2 – Pool vs Gold for Oil
This is Part 2 of a two-part series. The series focuses on collusive discussions and meetings that took place between the world’s most powerful central bankers in late 1979 and 1980 in an attempt to launch a central bank Gold Pool cartel to manipulate and control the free market price of gold. The meetings centered around the Bank for International Settlements (BIS) in Basle, Switzerland.
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Bi-Weekly Economic Review
The economic reports since the last economic update were generally less than expected and disappointing. The weak growth of the last few years had been supported by autos and housing while energy has been a wildcard. When oil prices fell, starting in mid-2014 and bottoming in early 2016, economic growth suffered as the shale industry retrenched.
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