By: Chris Mullen, Gold-Seeker.com - 2 December, 2016
Gold gained $7.20 to $1177.90 in Asia before it dropped back to $1166.88 after this morning’s jobs report was released, but it then jumped back up to $1177.76 by midmorning and ended with a gain of 0.43%. Silver rose to as high as $16.802 and ended with a gain of 1.09%. Full Story
Financial crises are cyclical and the next one is close. Not only that, but global elites have a secret plan for the next financial crisis. It was decided at the G20 meeting in Australia in 2014 that there would be no more bail-outs. Instead, there would be bail-ins: when a bank is in distress, the rescue money comes from the stakeholders including depositors and savers. Full Story
By: Chris Mullen, Gold-Seeker.com - 1 December, 2016
Gold fell $11.80 to $1161.20 in midmorning New York trade before it rose to see slight gains by midafternoon, but it then drifted back lower into the close and ended with a loss of 0.2%. Silver slipped to as low as $16.25 and ended unchanged on the day. Full Story
For those of you who follow anything to do with blockchain and blockchain technology, you will know that the space has had its ups and downs in the last couple of weeks. The exciting news is that two major players in the gold market, the Royal Mint and CME Group have announced a blockchain-backed gold project, and the surprising news is that the R3CEV consortium is apparently under threat. Full Story
By: Chris Mullen, Gold-Seeker.com - 30 November, 2016
Gold fell $17.47 to $1171.03 in morning New York trade before it bounced back higher at times, but it still ended with a loss of 1.3%. Silver slipped to as low as $16.424 and ended with a loss of 0.72%. Full Story
Bail-ins can now be used in the UK, EU, U.S. and G20 countries. Banks internationally and especially in Europe remain vulnerable. After Cyprus, which country will be the next to suffer bail-ins? Will RBS and by extension Ulster Bank, be the first UK and Irish banks to be subject to bail-ins? Full Story
By: Chris Mullen, Gold-Seeker.com - 29 November, 2016
Gold fell $12.15 to $1181.25 in early New York trade before it rallied back higher into the close, but it still ended with a loss of 0.41%. Silver slipped to as low as $16.427 and ended unchanged on the day. Full Story
If you look at the internet, I read some comments that gold is broken and that it can never recover. Hyper bearish stooges giving comments not to invest in gold. I have always emphasized on the need to invest in physical gold for the long term and never in ETF’s or futures. In India the government announced a demonetization scheme (I personally support the scheme) and people were out of cash suddenly. Full Story
By: Chris Mullen, Gold-Seeker.com - 28 November, 2016
Gold gained $16.15 to $1197.55 in Asia before it fell back to $1183.24 by a little after 9:30AM EST, but it then rallied back higher into the close and ended with a gain of 1.02%. Silver rose to as high as $16.856 and ended with a gain of 0.85%. Full Story
The Italian banking system looks vulnerable to collapse whether the referendum is passed in Italy or not. Were the referendum passed, it may allow senior Italian and international bankers to further ‘kick the can down the road’ and delay the inevitable. Financial and economic contagion in the EU is the likely outcome of the financial and political mess that both Italy and other EU states find themselves in. The question is increasingly not if, but when. Full Story
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