Tag Archives: Daily Market Update

– Peak gold – Biggest gold story not being reported– Gold ‘Mining Zombie Apocalypse’ caused miners to slash exploration budgets– Decline in gold production at world’s top 10 gold mining companies – Byron King– “No new big mines being built in the world today” – Glencore CEO Glasenberg– Primary global gold output declined in 2016 – Thomson Reuters via Mining.com– 2016 was first year of fall in mine production since 2008–...

The Best Ways to Invest in Gold Today – The cost of buying and selling gold – How to buy gold on the cheap – How to avoid paying capital gains tax (CGT) on your gold – Open an account with one of the online bullion dealers – the likes of GoldMoney, GoldCore or Bullion Vault –  Gold Sovereigns and Gold Britannias make for a considerable saving on cost because of the CGT exemption Gold Britannias and Sovereigns are free...

James Rickards: Long-Term Forecast For $10,000 Gold James Rickards, geopolitical and monetary expert and best selling author of the ‘The New Case for Gold’ has written an interesting piece for the Daily Reckoning on why he believes gold will reach $10,000 in the long term. Gold in USD Adjusted for Inflation 1970-2017 – Macrotrends.net He warns of the many systemic and geopolitical risks including the EU elections, from...

– Art Market Bubble Bursting?– Russian Billionaire Takes 74% Loss On “Investment”– $85 Million Gauguin Bought By Dmitry Rybolovlev in 2008– Christie’s auctioned the work at its evening sale in London– Global art sales plummet, but China rises as ‘art superpower’– China soon to dominates global art and gold market–  Art price volumes doubled since 2009– As currencies debase super rich seek out stores of value– Gold...

Gold up 1.5% in euros and dollars this week Silver up 1.4% this week and now up 14.3% and is the best performing market YTD Gold up 9% year to date – fourth consecutive higher weekly close and breaks resistance at $1,250/oz Gold up 9.4% in euros year to date as Le Pen’s lead in polls widened Gold up another 6.4% in sterling pounds year to date as ‘Hard Brexit’ looms French and Dutch elections pose risks to Eurozone...

Frank Holmes joins Lawrie Williams, Koos Jansen and many others in questioning the “official” Chinese gold demand numbers. Real gold demand is likely much higher than the official numbers by Frank Holmes Inflation just got another jolt, rising as much as 2.5 percent year-over-year in January, the highest such rate since March 2012. Led by higher gasoline, rent and health care costs, consumer prices have now advanced...

Russia Gold Buying Returns – Adds Substantial One Million Ounces To Reserves In January Russia gold buying returned in January with the Russian central bank buying a very large 1 million ounces or 37 metric tonnes of gold bullion. The increase in the gold reserves came after Russia did not buy a single ounce in December – a move seen as potentially a signal or an olive branch to the U.S. and the incoming Trump...

“The eurozone isn’t working …” warns Greenspan “I view gold as the primary global currency” said Greenspan “Significant increases in inflation will ultimately increase the price of gold” “Investment in gold now is insurance…” Alan Greenspan, the former head of the Federal Reserve has warned that the euro may collapse, saying that he has “grave concerns” about its future. The imbalances in the economic strength of euro...

Gold is undervalued according to a record number of fund managers Last time gold was considered undervalued, the price surged BAML surveyed 175 money managers with $543 billion in assets under management 34% of investors believe protectionism is the biggest threat to markets Gold viewed as the best protectionist investment by a third of investors Gold in USD – 10 Years - Click to enlarge For the third time in a...

Gold prices rising & up 6.6% YTD Signal “impending market volatility” World has never been more uncertain (see chart) Fear in Wall Street versus Fear in Washington Price of ‘plunge protection’ rising even as VIX remains low Smart money diversifying into gold Important to watch rising gold and rising bond yields  Gold may prove the “tell” Uncertainty Is At Record Highs 1990 - 2016 - Click to enlarge Bloomberg...