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Intrinsic currencies like gold and silver, for example, are acceptable without a 3rd party guarantee. – Alan Greenspan, (LINK) The Financial Times is reporting that UBS has agreed to settle charges against it by the UK’s Financial Conduct Authority that it engaged in … Continue reading
Gold is a long-term store of value and these recent weeks have shown that. Gold bullion is down 5 percent in one week. It has fallen below $1,180 which many people viewed as an important resistance level. Gold futures has … Continue reading
JPMorgan Chase (NYSE:JPM), which completed the sale of its physical commodities unit Swiss trader Mercuria for $800 million last month, says is not leaving the business and plans to continue financing metals and crude oil, FT.com reports (subs. required).
The gold price broke below key support at $1,180 this morning, hitting its lowest since July 2010, after the dollar rallied further on news that Japan will aggressively expand its stimulus measures. The spot gold price hit a low of … Continue reading
From Bloomberg: Add the bear market for oil prices to the list of reasons that U.S. inflation is still tame and why some investors see bigger losses in gold.
Mark O’Byrne makes some very good points in the following article on how, despite staggering demand for silver, the price is falling. Read on to learn more about Mark’s findings. Read the blog here. Bullion prices might be moving sideways, … Continue reading
The European Union (EU) is trying to raise funds. Technocrats foresee the need to inject billions of euros into the economy. With Mario Draghi speaking at Jackson Hole this week, could it be Quantitative Easing is on the horizon for … Continue reading
The US dollar jumped to a 14-month high against the euro on Tuesday as investors bet the Federal Reserve would hike interest rates earlier than expected, a view that helped knock down bond prices and weighed on global equity markets.
GOLD BUYING by central banks has continued ahead of recent averages in 2014, according to several analysts’ notes. “Central banks remained firmly on the buy-side of the gold market” in the first half of the year, writes Macquarie Bank analyst Matthew … Continue reading
A majority of economists believe the Federal Reserve is doing the right things to help repair the U.S. economy, according to a survey released Monday by the National Association of Business Economists. The survey also showed that a vast majority … Continue reading