Tag Archives: Weekly Market Update

Bundesbank has completed a transfer of gold worth €24B from France and U.S. Germany has completed domestic gold storage plan 3 years ahead of schedule In the €7.7 million plan, 54,000 gold bars were shipped and audited In 2012 German court called for inspection of Germany’s foreign gold holdings Decision to repatriate from Paris and New York was ‘to build trust and confidence domestically’ 1,236t or 37% of German...

Gold and silver rise as stocks fall sharply after Barcelona attack Gold, silver 0.6% higher in week after last weeks 2%, 5% rise Palladium +36% ytd, breaks out & reaches 16 year high (chart) Gold to silver ratio falls to mid 75s after silver gains last week Perfect storm of financial and geopolitical tensions is driving safe haven demand and should see higher prices Weekly close over $1,300 could see gold quickly...

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 Gold gains 10.8% versus 10.6% gain for S&P...

– Shrinkflation has hit 2,500 products in five years– Not just chocolate bars that are shrinking– Toilet rolls, coffee, fruit juice and many other goods– Effects of shrinkflation been seen for “good number of years” – Consumer Association of Ireland– Shrinkflation is stealth inflation, form of financial fraud– Punishes vulnerable working and middle classes– Gold is hedge against inflation and shrinkflation Editor: Mark...

“Financial Crisis Of Historic Proportions” Is “Bearing Down On Us” John Mauldin of Mauldin Economics latest research note, Prepare for Turbulence, is excellent and a must read warning about the coming financial crisis. Mind refreshed from what sounds like a wonderful honeymoon and having had the time to read some books outside his “comfort zone” he has come to the conclusion that we are on the verge of  a “major...

“Financial Crisis Of Historic Proportions” Is “Bearing Down On Us” John Mauldin of Mauldin Economics latest research note, Prepare for Turbulence, is excellent and a must read warning about the coming financial crisis. Mind refreshed from what sounds like a wonderful honeymoon and having had the time to read some books outside his “comfort zone” he has come to the conclusion that we are on the verge of  a “major...

Do you think silver is poised to go higher? I sure do. That’s because I’m watching what is going on in the world’s silver ETFs. I’m also watching the mountain of forces that are piling up to push the metal higher. Look at this chart. It shows all the metal held by the world’s physical silver ETFs (black line). And all the metal held by the world’s physical gold ETFs (blue line) … Gold And Silver Prices, May 2016 - May...

Cyber Attacks Show Vulnerability of Digital Systems and Digital Currencies - Click to enlarge – Cyberattacks expected to spread today in “second phase”– UK intelligence says scale of threat significant – Microsoft slams NSA for letting hacking tools cause global malware epidemic– Ransomware attack already crippled more than 200,000 computers in 150 countries– 1.3 million computer systems believed to be at risk–...

History of Gold – How the gold industry has changed over 50 years Thomson Reuters GFMS have compiled an interesting high level history of the gold industry in the last fifty years. Topics covered and interesting historical facts to note include: – Gold market size– Gold mine production “peaked in 2015” – South African production collapse from 1,000 tonnes– South African gold was flown to London and Zurich and an...

– Perth Mint’s silver bullion sales rise 43% in March.– Perth Mint’s monthly gold coin, bars sales fall 12%.– Gold silver ratio of 32 – 32 times more silver ounces sold.– Gold: 22,232 oz and Silver: 716,283 oz – bullion coins and minted bars sold. – Gold is 2.6% higher and silver surged 3.1% in the shortened week with markets closed for Good Friday tomorrow. Australian Kangaroo 2017, 1 oz 9999 Silver The Perth Mint’s...