4 Charts Show Gold May Be Heading Much Higher

by Alex Rosenberg of CNBC Gold just hit its highest level since election night, and some see more upside ahead for the precious metal. Gold experienced “a textbook breakout from a symmetrical triangle or wedge,” Rich Ross, technical analyst with Evercore ISI, said Tuesday on CNBC’s “Power Lunch.” “That’s quite bullish,” Ross added. He also […]

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Gold in Pounds Surges 1.5% To £1,001/oz – UK Political Turmoil Likely

– Gold in pounds rises 1.5% from £986/oz to £1,001/oz after shock UK election result – Gold reaches 7 week high and surges 6% in the last 30 days from £942/oz to £1,001/oz Gold in pounds – 1 month – Very robust gold sales experienced by gold brokers, including GoldCore, in the UK this week […]

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Gold Prices Steady On UK Election Risk; ECB Meeting and Geopolitical Risk

Gold Prices Steady On UK Election Risk; ECB and Geopolitical Risk by Reuters * Gold prices could see strong intraday volatility – analyst * UK election, Ex-FBI director testimony, ECB meeting set for later in the day * Downside for gold is “limited” (especially in sterling) Gold held steady on Thursday as investors awaited cues […]

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Gold Breaks 6-Year Downtrend On Safe Haven and 50% Surge In Chinese Demand

– Gold prices break 6 year down trend on safe haven demand (see charts) – Chinese gold demand set to surge 50% to 1,000 metric tonnes – Chinese demand for gold bars on track to surge more than 60 percent in 2017 – Geopolitical risk internationally leading to safe haven demand – UK election, terrorism and […]

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Deposit Bail In Risk as Spanish Bank’s Stocks Crash

– Deposit bail in risk as stocks and bonds of Spanish bank –  Banco Popular – crash – Banco Popular stock crashes most on record – down 63% this year to 34 euro cents – Spanish bank tells employees – “Don’t panic” – Risk of Spanish banking crisis as Banco Popular credit curve inverts – Banco Popular […]

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Terrorist attacks see Gold Stay Firm

A summer evening on London Bridge and in Borough Market ended in terror on Saturday as attackers killed seven people and injured 48. This is the second terrorist attack on British soil in less than two weeks and the the third this year. The attack was immediately labelled as a terrorist attack. In the hours […]

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Trust in the Bigger Picture, Trust in Gold

Trump pulls out of Paris Climate Accord Gold pauses ahead of non-farm payrolls data In Gold We Trust 2017 released Reports on the ‘Everything Bubble’ On average gold is up 5.88% ytd, since start of 2017. Trump ‘was the trigger of the sudden reverse thrust of the gold price’ Reorganization of the global monetary order […]

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Trump, UK and the Middle East drive uncertainty

Gold hits five-week high Reaches $1,273.74/oz, highest since April 25th Sterling recovers after UK polls point towards a hung Parliament Expected Fed-tightening capped gains 90-dead in Kabul, further signs of increasing tension in Middle East Trump expected to pull out of Paris Accord and Trump’s anti-Iran axis already feuding Yesterday gold hit $1,273.74/oz, a level […]

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Is China manipulating the gold market?

Hedge fund, PhD statistician claims gold market is “the most blatant case of manipulation” PhD: “Statistically impossible unless there’s manipulation occurring” Gold serves as political chips on the world’s financial stage. Price is being suppressed until China gets the gold that they need Gold will go higher when all central banks ‘confront the next global […]

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Why Sharia Gold and Bitcoin Point to a Change in Views

New gold-backed currency OneGram launched Backed by one-gram of gold, uses blockchain technology OneGram is first in wave of new Shariah, tech-savvy gold products 2017 sees big changes for gold thanks to Shariah gold and blockchain Gold investors should prepare for tightening in supply Bitcoin and shariah gold demand suggest change in retail investor thinking […]

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