Blog Archives

Gold Capped As Soros Warns On “Threshold Of A Third World War”

Gold Capped As Soros Warns On “Threshold Of A Third World War”

- War “inevitable” if U.S. meddles in South China Sea – Global Times
- Senior NATO official warns that “we’ll probably be at war this summer”
- Soros warns of ‘New World Order’ and war with China
- Soros warns could be “on the threshold of a Third World War”
- Many countries in Pacific lay claim to strategically important and mineral rich islands
- Tensions between U.S. and China and Russia escalating
- War would have many facets including cyber-warfare and currency wars

George Soros

The ‘war’ word is being increasingly heard internationally as the U.S., EU, Russia and China adopt provocative postures over various disputes including Ukraine and in the Pacific.

War with the U.S. is “inevitable” if the U.S. involves itself in the dispute which has arisen over the Spratley Islands in the South China Sea according to China’s state controlled newspaper the Global Times. (more…)

Tagged with: , , , , , , , , , , , , , , , , , , ,

Jim Sinclair: You MUST Exit the System RIGHT NOW!!!

From a timing standpoint, Jim Sinclair is as adamant as I’ve ever seen.
Now, RIGHT NOW You MUST exit the system!
You will not be afforded the opportunity if you are even one second too late!

Click here for Jim Sinclair’s URGENT WARNING to EXIT the system RIGHT NOW:

Tagged with: , , , , , , ,

Gold Is “100% Guarantee from Legal and Political Risks” – Russia

Gold Is “100% Guarantee from Legal and Political Risks” – Russia

- Gold is “100% guarantee from legal and political risks”
- Russia’s central bank buys another 300,000 ounces in April
- Russia views its overseas assets as vulnerable
- ‘De Dollarisation’ continues across Asia
- Gold offers protection from growing risks today

goldcore_chart1_27-05-15
Russia’s central bank once again increased its gold holdings substantially in April. They added another 300,000 ounces to their existing stockpile bringing the total up to 40.1 million ounces (see chart below). (more…)

Tagged with: , , , , , , , , , , , , , , , , , , , , ,

“Beautiful Mind” John Nash RIP: His Game Theory May Lead to Gold Standard

“Beautiful Mind” John Nash RIP: His Game Theory May Lead to Gold Standard

- ‘Beautiful Mind’ Nobel winner Nash dies in tragic crash
- Nash was subject of movie “A Beautiful Mind” with Russell Crowe
- Nash was renowned mathematician who developed game theory
- Game theory suggests that world may be forced back onto a gold standard
- Debased dollar vulnerable to bitcoin, crypto-currencies, silver and gold
- Gold standard could cause a price reset at $10,000

John Nash meets with Russell Crowe and Ron Howard on the set of A Beautiful Mind

The death of mathematician John Nash on Sunday was met with a degree of sympathy and publicity seldom enjoyed by mathematicians whose contribution to society is usually a quiet, unappreciated one, behind the scenes. The 86 year old was killed with his wife in a tragic taxi accident in New Jersey. (more…)

Tagged with: , , , , , , , , , , , , , , , , , , , ,

China Creates Gold Bullion Fund For Central Banks

China Creates Gold Bullion Fund For Central Banks
– China’s new gold fund – 60 countries to develop gold mining projects

- Allow member central banks to have easier access to gold
- Gold to be traded on increasingly important Shanghai Gold Exchange
- Another important step in making yuan reserve currency
- China and Russia challenging U.S. dominance in key Eurasia
- New gold fund shows monetary importance placed on gold by China
- China ensuring supply in event gold flows from West to East end
- Gold’s reemergence as important monetary asset both for individuals and powerful nations

Xi and Putin during the military parade in Moscow, May 9th, 2015

China has announced the establishment of a new international gold fund with over 60 countries as members. The large fund, which expects to raise 100 billion yuan or $16 billion, will develop gold mining projects across the economic region known as the New Silk Road. (more…)

Tagged with: , , , , , , , , , , , , , , , , ,

‘Titanic’ Global Economy May “Collapse” Warn HSBC – Gold Is Lifeboat

‘Titanic’ Global Economy May “Collapse” Warn HSBC – Gold Is Lifeboat

-“The world economy is like an ocean liner without lifeboats …” – HSBC
- Four areas of high risk identified by HSBC
- Risk of stock market crash
- Pension funds and insurers may not meet obligations
- Chinese recession may drag U.S. into recession or depression
- Premature rate rise would expose very fragile global economy
- “There aren’t enough lifeboats to go round”
- Gold vital lifeboat when global ship strikes iceberg  

goldcore_chart1_22-05-15
The chief economist of the world’s third largest bank, HSBC’s Stephen King, has compared the global economy to the Titanic. (more…)

Tagged with: , , , , , , , , , , , , , , , ,

Gold Bullion “Less Sexy” Than Bitcoin … For Now

Gold Bullion “Less Sexy” Than Bitcoin … For Now

– “There is a global financial bubble”
– Stock markets and bond markets at all time record highs
– Medium to long term, gold’s “fundamentals look very sound”

goldcore_chart3_21-05-15

 

 

 

Wilfred Frost of CNBC:

Do you think markets are adequately pricing in the risks that are present around the world today, particularly in Europe and the gold price itself?

Mark O’Byrne of GoldCore:

No i don’t think so. I think in light of the “Grexit” which you just mentioned and also the “Brexit” and the overall debt positions globally – we would have a concern that there is a global financial bubble with stock markets at all time record highs, bond markets at all time record highs.

Meanwhile gold prices have traded sideways as you said for a long period of time. We have had a serious correction and we believe there is consolidation. It looks undervalued. At the same time it could go lower before it goes higher. I think technically there is a weakness there and I think there is support at $1140 so short-term there is weakness, quite possibly, but medium to long term the fundamentals look very sound. (more…)

Tagged with: , , , , , , , , , , , , , , , ,

It’s Time to Hold More Cash and Buy Gold

It’s Time to Hold More Cash and Buy Gold

- Bank of America advises owning gold
- Markets in “Twilight Zone” transition period
- Fed policy normalisation poses risks
- Own gold and cash to protect against “cleansing drop in asset prices”
- Data show markets disconnected from reality
- Fragile system vulnerable to shock
- Gold is hedge against systemic risks

goldcore_chart3_20-05-15
Gold is a regarded as a hedge against market turbulence by Bank of America who, in a note to clients, advised holding gold and paper currency at this time.

Bloomberg report that Bank of America Merrill Lynch describe the markets as being in a “Twilight Zone” – the zone between the end of QE and the Fed beginning to raise rates to try to bring normality back into the markets. (more…)

Tagged with: , , , , , , , , , , , , , , , , ,

Gold Ticks Higher In GBP – Property Crash Looms In London?

Gold Ticks Higher In GBP – Property Crash Looms In London?

- London property falls most in nine months in May
- Falls possibly due to pre-election fear of Labour housing policy
- Surge in sterling dampens demand
- Tory victory has led to surge of new sales
- London market still overheated
- Investors look for stores of value

Getty Images

High end London property prices crashed 6.3% in the last month while average prices in the city fell 2.3% – the largest fall in nine months, according to Bloomberg. Prices across the UK slipped 0.1% in the same period. (more…)

Tagged with: , , , , , , , , , , , , , , , , ,

European Bank Bail-ins? Banks ‘As Vulnerable Today’ As Before 2008 Crisis

European Bank Bail-ins? Banks ‘As Vulnerable Today’ As Before 2008 Crisis

- Euro banks no more stable now than in run-up to 2008 crash
- Banks in France, Spain and Italy are “highly vulnerable to failure”.
- Low quality bank equity not sufficient to withstand shock
- Risk to system “enormously underestimated”
- Investor deposits at risk of “bail-ins”

goldcore_chart1_18-05-15
New research shows that European banks are as likely to fail today as they were preceding the global economic crash seven years ago. (more…)

Tagged with: , , , , , , , , , , , , , , , ,

Gold & Silver Breakout- Set Up For An Explosive Summer?

explodeWith gold & silver finally putting in a big week to the upside, The Doc & Eric Dubin broke down all the action, discussing: 

  • Breakout– gold & silver close big week at their highs
  • Surge to Weekly Close ABOVE respective 200 DMAs of $1221 and $17.20– Set up for an EXPLOSIVE Summer? 
  • Dollar rolling over- USDX looks ready to head to 90
  • Physical Update: Big Money enters/returns to silver market with a JOLT
  • GREXIT- Greece to join BRICS? Click here for the SD Weekly Metals & Markets With The Doc & Eric Dubin:
Tagged with: , , , ,

Gold Bullion Buying In Germany Surges As Risks Increase

Gold Bullion Buying In Germany Surges As Risks Increase

- Global gold demand marginally lower but robust – WGC
- Gold investment demand surges 63% as jewellery demand falls
- German gold demand spikes 20% in first quarter
- France, Switzerland and Austria see “double digit” rise in demand
- Fear of conflict with Russia, ‘Grexit’ and currency debasement
- Indian gold demand rises 15%
- Germany knows lessons of history and Weimar hyperinflation

goldcore_chart1_15-05-15
Global gold demand remains robust as seen in the latest quarterly figures from the World Gold Council released yesterday.  Q1, 2015 gold demand was just 1% lower year on year but was 3% higher quarter on quarter due to a surge in investment demand which was 4% higher year on year and a whopping 63% surge in investment demand quarter on quarter. (more…)

Tagged with: , , , , , , , , , , , , , , ,