Tag Archives: Daily Market Update

– Bitcoin falls 20% as Mobius and Chinese regulators warn – “Cryptocurrencies are beginning to get out of control” – warns respected investor Mark Mobius – Mobius believes governments will begin to clamp down on cryptocurrencies sparking rush to gold– Yesterday China’s PBOC ruled Initial Coin Offerings (ICOs) are illegal and all related activity to halt– China is home to majority of bitcoin miners– Paris Hilton latest...

– 4 reasons why “gold has entered a new bull market” – Schroders– Market complacency is key to gold bull market say Schroders– Investors are currently pricing in the most benign risk environment in history as seen in the VIX– History shows gold has the potential to perform very well in periods of stock market weakness (see chart)– You should buy insurance when insurers don’t believe that the “risk event” will happen–...

– Trump could be planning a radical “reboot” of the U.S. dollar– Currency reboot will see leading nations devalue their currencies against gold– New gold price would be nearly 8 times higher at $10,000/oz– Price based on mass exit of foreign governments and investors from the US Dollar– US total debt now over $80 Trillion – $20T national debt and $60T consumer debt– Monetary reboot or currency devaluation seen...

– Gold surges as N. Korea fires ballistic missile over Japan– Safe haven buying sees gold break out to 10-month high after Jackson Hole and rising North Korea risk of attack on Guam – South Korea’s air force dropped eight MK 84 bombs near Seoul;  simulating the destruction of North Korea’s leadership– Gold rises from $1,291 to $1,325; Silver surges 3.2% from $17.05 to $17.60– Volatility as seen in VIX surges as stocks...

​   Gold set to shine as Washington stumbles “Bet on gold’s diversifying properties rather than political stability” World’s largest asset manager believes Trump and political drama in the U.S. means gold likely to rise Real rates flattening out and rising political instability – Blackrock’s Koesterich “For now my bias would be to stick with gold” – Blackrock U.S. debt ceiling issue to be fractious as bankrupt U.S....

– Gold up over 100% in major currencies since financial crisis– Gold up 100% in USD, 124% in EUR and surged 200% in GBP– Gold has outperformed equity, bonds and most assets– Gold remains an important safe-haven in long term Gold Prices(see more posts on Gold prices, )Gold prices from August 9th 2007 to August 9th 2017 - Click to enlarge It has been ten years since the global financial crisis began to take hold. At...

US Treasury Secretary Steve Mnuchin visits Fort Knox Gold Later tweeted ‘Glad gold is safe!’ Only the third Treasury Secretary to visit the fortified vault, last visit was 1948 Last Congressional visit was 1974 Speculation over existence of gold in Fort Knox is rife Concerns over Federal Reserves lack of interest in carrying to an audit on gold Gold was last counted in 1953, nine years before Mnuchin was born Mnuchin...

The Sage of Omaha’s adage is “it’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” Berkshire Hathaway Welling Cash Pile, Q2 2013 - Q2 2017 - Click to enlarge But for Warren Buffett the current environment doesn’t appear to be offering up any wonderful companies at fair valuations. The situation is so bad that the cash stockpile of Berkshire Hathaway has more than...

Gold hedges massive ongoing devaluation of U.S. Dollar 46th anniversary of ‘Tricky Dicky’ ending Gold Standard (see video) Savings destroyed by currency creation and now negative interest rates Long-term inflation figures show gold a hedge against rising cost of fuel, food and cost of living $20 food and beverages basket of 1971 cost $120.17 in 2017 Household items increased by average of 2000% and oil by 5,373% since...

Silver Mining Production Plummets 27% At Top Four Silver Miners by SRSRocco Report In an interesting change of events, production at four of the top primary silver miners plummeted during the second quarter of 2017. This goes well beyond normal fluctuations in mining companies production figures during different quarterly reporting periods. The company with the least percentage decline in silver production still...