Gold At New Record Highs In Pounds and Euros – £1,280/oz and €1,400/oz – On Brexit and Economic Concerns

Gold At New Record Highs In Pounds and Euros – £1,280/oz and €1,400/oz – On Brexit and Economic Concerns

] * Gold in sterling and euros have reached new record nominal highs of £1,279.46/oz and €1,401.60/oz respectively this morning (see charts below) * Gold priced in sterling and euros soared to record highs due to political turmoil in the UK, increasing concerns about a disorderly UK exit from the EU and the slowing UK … Read more

Gold Gains 0.8%, Silver 3.4% As Stocks Fall on Bad EU Data and Oil Gains On Middle East Concerns

Gold Gains 0.8%, Silver 3.4% As Stocks Fall on Bad EU Data and Oil Gains On Middle East Concerns

] RELATIVE PERFORMANCE 1 DAY – FINVIZ Stocks Going Nowhere in an Interesting Way – Hussman China’s Golden Corridor – Gold Reserves And Negative YieldRepo Market’s Liquidity Crisis Has Been a Decade in the Making BIS Warns Of Financial Disaster Amid $17 Trillion In Negative-Yield Debt Gold is “the most compelling form of potential hedge” … Read more

Gold At 2 Week High At $1,523/oz On Global Economy Concerns; Palladium At All Time Nominal High

Gold At 2 Week High At $1,523/oz On Global Economy Concerns; Palladium At All Time Nominal High

] Gold climbs as weak eurozone data underlines fears over global growth Gold hits 2-week high on growth fears, palladium scales new peak Global stocks sink on dismal economic data, mixed trade signals European Central Bank Pressures EU Countries To Stimulate The European Economy The Coming Currency War 2.0: Digital Money vs. the Dollar Fed’s … Read more

Bundesbank Buys Gold – Increasing Concerns About Deutsche Bank, European Banks, the Euro and Dollar

Bundesbank Buys Gold – Increasing Concerns About Deutsche Bank, European Banks, the Euro and Dollar

] Source: Bloomberg ◆ The End Of Fiat In One Chart? ◆ For the first time in 21 years, Germany has openly bought gold into its reserve holdings ◆ With ECB mutiny and Deutsche Bank’s rapid demise, fears are rising of a looming financial crisis, and with that, Germany has shown a renewed interest in … Read more

New York Fed Adds Another $97.9 Billion In Liquidity Yesterday – Concerns Grow of Year-End Financial Crisis

New York Fed Adds Another $97.9 Billion In Liquidity Yesterday - Concerns Grow of Year-End Financial Crisis

] 40% Of Fed’s Balance Sheet Reduction Wiped Out In Just 2 Months ◆ The New York Fed added $97.9 billion in temporary liquidity to the financial system yesterday. ◆ The Federal Reserve Bank of New York continues to pump massive liquidity amid very heavy demand by banks for year-end funding; the $97.9 billion involved … Read more

World’s Most Precious Metal Surges Over 30% In 2 Weeks and 12 Fold In 4 Years On Supply Concerns

World’s Most Precious Metal Surges Over 30% In 2 Weeks and 12 Fold In 4 Years On Supply Concerns

] ◆ Rhodium has surged 30% in January to the highest levels since 2008 and has risen more than 12 fold in less than four years from $575 per ounce to nearly $8,000 per ounce ◆ Rhodium is now 5 times more costly than safe haven gold and 440 times more expensive than the industrial … Read more

Gold Near Two Week High on Safe Haven Bid Due To Virus and IMF Global Growth Concerns

Gold Near Two Week High on Safe Haven Bid Due To Virus and IMF Global Growth Concerns

] ◆ Gold prices rose to a two-week high today prior to giving up the initial gains; Spot gold prices reached their highest since January 8th at $1,568.40/oz prior to falling to $1,556.60/oz ◆ The spread of a new virus in China stoked fears of a wider epidemic in Asia, sparking a sudden bout of … Read more

Gold At Record Highs In Euros on Concerns regarding the Euro zone and Global Economy as Virus Spreads

Gold At Record Highs In Euros on Concerns regarding the Euro zone and Global Economy as Virus Spreads

] ◆ Gold has risen to new all time record highs in euros at €1,437/oz today due to safe haven demand due to concerns about the Euro zone and the global economy ◆ Gold is consolidating near all time record highs in sterling at £1,210/oz and at seven year highs in dollars at $1,590/oz ◆ … Read more