Seven Banks Rigging The Multi-Trillion Dollar Foreign Exchange Market

Seven Banks Rigging The Multi-Trillion Dollar Foreign Exchange Market

Seven Banks Rigging The Multi-Trillion Dollar (Reuters) – Barclays, Citigroup, HSBC, JPMorgan and three other banks are set to be fined by EU antitrust regulators in coming weeks for rigging the multi-trillion dollar foreign exchange market, two people familiar with the matter said. The other three lenders are Royal Bank of Scotland, UBS and a … Read more

Global Collapse In Trust Is Driving A Secret Bull Market In Gold

Gold Jumps To $1,345 Per Ounce As U.S. Only Created 75K Jobs In May - Weekly Gain Now 3%

] Gold has gained in dollars this week and also rose in other currencies (see LBMA prices below) due to concerns about the slowing U.S., UK, EU and Chinese economies and indeed the global economy. Gold prices consolidated on this week’s 2.2% rise today and are headed for their best week this year. GoldCore.com Today’s … Read more

Is Gold Still in a Bull Market?

Is Gold Still in a Bull Market?

] Today Gareth Soloway, Chief Market Strategist of InTheMoneyStocks.com talks about his technical analysis of gold and silver as well as giving us insights in to the recent moves in Bitcoin and the stock markets. Recent comments from the Federal Reserve Chairman Jerome Powell indicated that they may need to raise rates in 2023 (2 … Read more

JPMorgan Warns U.S. Money Market Stress to ‘Get Much Worse’

JPMorgan Warns U.S. Money Market Stress to ‘Get Much Worse’

] ◆ Severe funding pressures in U.S. money markets tipped to resurface heading into year-end by JPMorgan who warn that financial stresses are likely to ‘get much worse’ ◆ Goldman Sachs and Bank of America also warn funding issues remain (see below) ◆ Federal Reserve will start buying $60 billion of Treasury bills every month … Read more

Trump Pumps Market With Trade Talks, Stocks Move Higher, Gold Lower

Trump Pumps Market With Trade Talks, Stocks Move Higher, Gold Lower

] Sue Trinh, Managing Director of global macro strategy at Manulife Investment Management, speaking on Bloomberg. She had some interesting comments regarding the current market structure, in the shadow of the FED, which is expected to drop rates yet again. Ms Trinh sees boosts in asset prices not translating into any real uptick in the … Read more

World’s Richest Investors See Sharp Market Drop In 2020 – UBS Survey

World’s Richest Investors See Sharp Market Drop In 2020 - UBS Survey

] 3,400 high net worth investors with at least $1 million in investable assets were surveyed by UBS Fifty-five percent of respondents expect a significant drop in the markets at some point in 2020.  The super rich have increased their cash holding to 25% of their average assets, the survey showed. A majority of the … Read more

Gold’s New Bull Market and Why $7,000 Per Ounce Is “Logical” (Part I)

] ◆ Gold could rise to more than $7,000 an ounce according to respected MoneyWeek contributor and fund manager Charlie Morris (Part I today and Part II tomorrow) The gold price is going higher. Source: Money Week A year ago, in my occasional free newsletter, Atlas Pulse, I upgraded gold – which was trading at … Read more

Gold Hedging Stock Market Crash: Euro Stoxx -6%, FTSE -5.7% and DAX -5.6%

Gold Hedging Stock Market Crash: Euro Stoxx -6%, FTSE -5.7% and DAX -5.6%

] ◆ Stock markets around the world are collapsing today as the financial and economic implications of the impact of the pandemic on already massively indebted companies and governments is realised. ◆ Investors are liquidating en masse risk assets from equities to industrial commodities, while gold has held its ground. ◆ The FTSE 100 is … Read more

IG TV: “We Are In A Long-Term Bull Market for Gold and Silver”

IG TV: “We Are In A Long-Term Bull Market for Gold and Silver”

] Currency is being created ‘on scale never seen before in the history of mankind’ Mark O’Byrne, research director at GoldCore.com told IG TV that markets are likely in a long-term bull market for gold and silver and a bear market for equities as the pandemic weighs on the global economy and creates a recession … Read more

Gold Market Supply Chain Shows Strong Resilience Amid Disruption

Gold Market Supply Chain Shows Strong Resilience Amid Disruption

] The gold supply chain is truly global. Gold is mined on every continent except Antarctica, refined into bars and coins in numerous countries, and distributed far and wide. This geographical dispersion not only brings stability to the gold market, it is also necessary to satisfy demand. But the onset and scale of the COVID-19 … Read more