SNB Shock Was ‘Icing On Cake’ For Gold Ahead of Draghi’s Euro ‘Bazooka’ Is gold a safe haven? Mark O’Byrne, executive and research director at GoldCore, told CNBC yesterday that yes it is. He said that the Swiss National Bank’s…
Gold Demand Explodes as Volatility and Fear Stalk Market Although the extent to which the surprise move by the Swiss National Bank last week has damaged financial institutions will not be apparent until the end of the month, it is…
Bundesbank Announces Repatriation of 120 Tonnes of Gold from Paris and New York Federal Reserve The Bundesbank, Germany’s powerful central bank, announced very publicly this morning the further repatriation of some of it’s gold being held in foreign locations –…
Ukraine Lurches to Full Scale War as Russia Drastically Reduces Gas Supply to EU Vladimir Putin has ordered the Russian state energy giant Gazprom to cut natural gas supplies to and through Ukraine to the EU in a little reported…
Ukraine Lurches to Full Scale War as Russia Drastically Reduces Gas Supply to EU Vladimir Putin has ordered the Russian state energy giant Gazprom to cut natural gas supplies to and through Ukraine to the EU in a little reported…
Market Chaos as Swiss Franc Surges 30% In 13 Minutes, Gold Rises Sharply Chaos was seen in financial markets today as participants were thrown a curveball when Switzerland surprised the world by removing its three-year cap on the Swiss franc,…
Oil Collapses and Copper Crashes 8% in Day – Great Recession Cometh? Oil prices fell another 1 per cent this morning and continue their collapse – down 57% in just over 6 months. Copper crashed 8% on the London Metal…
Gold In Euros Up 7.2% In 2 Weeks – Surges Over EUR 1,050 Per Ounce Gold priced in euros surged through the €1,050/oz barrier to a high of €1,052.04 per ounce this morning. It’s up 7.2% this month, outperforming gold…
Gold Prices Rise on Unexpected Fall in US Hourly Earnings Today’s AM fix was USD 1,222.00, EUR 1,035.77 and GBP 808.09 per ounce. Friday’s AM fix was USD 1,211.25, EUR 1.025.09 and GBP 799.61 per ounce. Spot gold climbed $13.20…
OUTLOOK 2015 – Uncertainty, Volatility, Possible Reset, Diversify! Introduction Gold – Positives and Negatives Ultra Loose Monetary Policies Globally Risk of Bail-Ins in 2015 and Beyond Currency and Gold Wars Eurozone Debt Crisis Again – ‘Grexit’ and ‘PIIGS’ Global Debt…
Savage Slaughter In Paris Shows West and Freedom Itself Vulnerable The savage attacks on the satirical magazine, Charlie Hebdo, in Paris leaving 12 dead yesterday shows how vulnerable western societies and economies are to the twin threats of terrorism and…