Tag Archives: Weekly Market Update

Key Gold and Precious Metals News, Commentary and Charts This Week Gold and silver traded sideways this week as we saw stock markets take some heat and undo most of the recent recovery from the October sell off. Oil has sold off and is now at levels that we haven’t seen since 2017. While the US markets are quiet due to Thanksgiving all eyes are focused on Europe and the continuing debacle that is Brexit. With the...

Gold’s Best Day In 2 Years Sees 2.5 Percent Gain As Global Stocks Sell Off – This Week’s Golden Nuggets News, Commentary, Charts and Videos You May Have Missed Here is our Friday digest of the important news, commentary, charts and videos we were informed by this week. Market jitters and volatility have returned this week and the sell-off in US government bonds led to sharp falls on Wall Street centered on the very...

US 10-Year Surges, Emerging Markets Implode…Where Next for Gold? US 10-Year Yields Top 3%, US Dollar Pushes Higher Brent Hits $80, Highest in 4 years Emerging Market Chaos, the Lira and Peso in Freefall Italy’s New Coalition Signal Their Plans, Yields Jump Japanese Economy Contracts, GDP Worst Since 2015 And Where Next for Gold? Gold and silver ended the week down (USD -2.2%, GBP -1.4%, and EUR -0.5%) as rising US...

Welsh Gold Being Hyped Due To The Royal Wedding? – Welsh gold and the misconceptions surrounding it – GoldCore speak to China Central Television (CCTV) – Welsh gold mired in misconceptions, namely that it is ‘rarest’ and most ‘sought after’ gold in world – Investors to be reminded that all mined gold is rare and homogenous – Nothing chemically different between Welsh gold and that mined elsewhere– Investors led to...

U.S. withdraws from Iran nuclear deal Oil jumps past $70 Argentina hikes interest rates to 40% S. 10 year disparity Western buying returns to gold Gold and silver both ended slightly up in a week dominated by heightening geopolitical news, weakening inflation data, and emerging market concerns.With gold closing the week at $1,318 (up 0.28%), €1,104 (0.37%), and £973 (0.2%). In sterling, gold was up strongly on Thursday...

– Buy silver and sell gold now – Frisby– Gold should cost 15 times as much as silver– Silver might have disappointed in short term – But it’s time to buy – Editor’s note: Silver has outperformed stocks, bonds and gold over long term (see table) For those of you with busy schedules who like to see arguments made in 280 characters or less, let me come straight to the point: the time has come to sell your gold and buy...

Brexit Risks Increases – London Property Market and Pound Vulnerable  – Brexit uncertainty deepens as UK government in disarray– BOE warns of earlier and larger rate hikes for Brexit-hit UK– UK property prices fall second month in row, London property under pressure – No deal Brexit estimated to cost UK £80bn according to government analysis – Transition period causing major uncertainty for UK and pound – Pound expected...

– Davos elite hear warnings of complacency akin to 2007 as economic risks grow – Toxic mix of infallible belief, arrogance, megalomania and economic ignorance – Some express concern economies are vulnerable due to imbalances, trade, geo-political tensions– Soros: Trump creating ‘mafia state’ & ‘set on a course towards nuclear war’ with N Korea– Bond bear market, rising interest rates and massive $233 trillion...

It’s A Wonderful Life Is A Wonderful Lesson To Hold Gold Outside of The Banking System – Christmas film serves as reminder that savings are not guaranteed protection by banks – Savers are today more exposed to banking risks than ever before – Gold and silver investment reduce exposure to counterparty risks seen in financial system – Basket of Christmas goods has climbed since 2016 thanks to 11% climb in gold price...

“Uber-bull predictions of gold at over $5,000 per ounce are not beyond the realms of possibility…” So says GoldCore founder and self-confessed gold bug, Mark O’Byrne. Indeed, I recently caught up with Mark to get his thoughts on gold and what’s going on with it right now… But before we got to the nitty-gritty, I started by asking him a little about his background: - Click to enlarge GLENN: How long have you been in...