Gold Firm At $1,340/oz After 5 Days of Gains – Fed Takes It To 3 Month High

Gold Firm At $1,340/oz After 5 Days of Gains - Fed Takes It To 3 Month High

] Gold has moved marginally higher again today after 5 days of gains and remains firm near a three month high at $1,340/oz. Gold is being supported by the dovish comments from the Fed which have lifted expectations of an interest cut. The U.S. economy is slowing and this is putting the dollar under pressure … Read more

Gold Prices Surge Nearly 3% to 5 Year High At $1,385/oz After Fed Turns Dovish

Gold Prices Surge Nearly 3% to 5 Year High At $1,385/oz After Fed Turns Dovish

] GoldCore NoteGold prices surged nearly 3% to a high of $1,385/oz, their highest in more than five years today after the U.S. Federal Reserve adopted a more dovish tone. The Fed signaled possible interest rate cuts this year which sent risk assets higher, U.S. Treasury yields and the dollar lower. Gold gains in dollars … Read more

Gold and Silver Steady Ahead of Fed; Up Over 3% and 7% In July

Jim Rogers Video Interview: Buy Gold Coins and Silver Coins as Global Crisis Is Coming

] The Fed’s Inflation Gamble Continues 1 day ago The fed’s inflation gamble continues… Are central banks trapped? Last week’s Fed statement and the press conference that followed proved to be the start of a US$90 (4.8%) decline in the gold price. Fed on Economic Recovery The Summary of Economic Projections (known as the dot-plots) … Read more

Gold At 2013 Highs Of $1,523/oz As Trump Calls The Fed “Clueless” and “Crazy” and Links Trade Wars to Hong Kong

Gold At 2013 Highs Of $1,523/oz As Trump Calls The Fed “Clueless” and “Crazy” and Links Trade Wars to Hong Kong

] * Gold prices consolidated today, after gold gained nearly 1% yesterday on safe-haven buying as stocks globally fell yesterday and today. * The historic drop in long-term U.S. bond yields could portend a global recession which is impacting risk assets and seeing investors diversify into gold. * China has curbed gold imports according to … Read more

‘Plumbing of the U.S. Financial System’ Under Pressure; NY Fed Providing Massive Liquidity and Potentially Permanent Repo and QE

‘Plumbing of the U.S. Financial System’ Under Pressure; NY Fed Providing Massive Liquidity and Potentially Permanent Repo and QE

] ◆ The ‘plumbing of the U.S. financial system’ is under pressure as liquidity dries up forcing New York Federal Reserve to provide massive liquidity and potentially they may be forced to move to permanent repo operations and renewed quantitative easing or QE ◆ The New York Fed appears to be set to do another … Read more

Gold Down 0.6% In Week Despite Fed Injecting Another $88.1 Billion Overnight, Brexit Risks and Iran Missile Attack

Gold Down 0.6% In Week Despite Fed Injecting Another $88.1 Billion Overnight, Brexit Risks and Iran Missile Attack

] ◆ Gold is marginally higher today but 0.6% lower for the week at $1,499/oz despite a very positive back drop with increasing geopolitical, monetary and systemic risks ◆ Silver is again outperforming gold, recovering to $17.70/oz and is 0.5% higher for the week as smart money continues to accumulate undervalued silver; while palladium prices … 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

Fed Is Monetizing 90% of U.S. Deficit to Keep Interest Rates from Rising and Crashing Markets

Fed Is Monetizing 90% of U.S. Deficit to Keep Interest Rates from Rising and Crashing Markets

] By Daniel R. Amerman, CFA As can be seen in the graph above, for the last 12 weeks there has been a stunning visual correlation between the yellow bars of the total weekly funding of deficits by the Federal Reserve, and the green bars of the weekly deficit spending by the United States government. … Read more

Fed Slashes to 0% and QE of $700 Billion Coming; Gold Gains 3% Before Correcting

Global Supply of Gold and Silver Coins and Bars Evaporated In Safe Haven Rush

] ◆ Gold jumped 3% after the US Federal Reserve cut its benchmark interest rate by a full percentage point to near zero and announced they would again engage in QE and massive bond buying worth $700 billion. ◆ Gold subsequently pared gains despite the US central bank engaging in another panic move to protect … Read more

Gold Gains 8% and Silver 18% In Week As Fed Balance Sheet Tops $5 Trillion

Gold Gains 8% and Silver 18% In Week As Fed Balance Sheet Tops $5 Trillion

] ◆ Gold and silver coin and bar shortages continue globally due to massive demand and a breakdown in supply (see News this week). NEWS and COMMENTARY Gold eases on profit-taking, but poised for 8.5% gain in week; best week in 11 years The Gold Market Is Being Tested Like Never Before South African Gold … Read more