Russia Dumps US Treasuries for Gold
The decrease in US debt holdings diminishes Russia's dependence on the US dollar. Instead, Moscow is boosting its bullion reserves.
Read articleThe decrease in US debt holdings diminishes Russia's dependence on the US dollar. Instead, Moscow is boosting its bullion reserves.
Read articleVenezuela’s central bank in April paid $172 million to U.S. bank Citigroup to recover part of the gold it had put up as guarantee in a swap operation.
Read articleGold is actually at a good point to turn up here, as it is close to a zone of support which is underpinned by the rising 200-day moving average in quite close proximity. This looks like a pretty good point to undertake more accumulation.
Read articleSilver appears to be in the very late stages of its Head-and-Shoulders bottom, and with the price still not far off the Right Shoulder lows, we are a very good point to continue accumulating silver investments – silver itself, silver coins, silver stocks and ETFs, and for those who are set up to do...
Read articleA war with Iran would eliminate the largest non-USD oil exporter. One thing leads to another. The gold repatriations are a precursor to a currency war and armed conflict. That’s what drives US foreign policy.
Read articleAs Dennis Gartman summarized in his Friday letter to clients, "at the current pace of sales, Venezuela will effectively be out of gold by May or June of next year. Having fallen from $21.3 billion seven years ago, it’s now down to $6.6 billion as of the end of January and we suspect that it’s sold a...
Read articleJeff Gundlach said that the next big move will likely be in gold prices which have broken their downtrend line, and are on the verge of breaking out to the upside. "It’s getting almost exciting... something big is happening,” he said cryptically.
Read articleA Bundesbank exhibit pays tribute to Germans' deep-seated love of the precious metal while honoring postwar economic prowess.
Read articleAmid the current events, it would be wrong to see the information that the Turkish Central Bank has repatriated its gold reserves stored earlier in the US Federal Reserve System as a mere coincidence.
Read articleA major new silver bullmarket looks imminent that is expected to kick off with a dramatic spike, due to a wave of panic short covering.
Read articleGold bulls are finding 2018 offers plenty of reasons to be cheerful. Bullion’s wrapping up a third quarterly gain, a feat not seen since 2011.
Read articleFor the first time in more than five years, commodity analysts at the U.S. investment bank are bullish on yellow metal prices. Goldman's analysts said signs of an uptick in inflation and the "increased risk" of a stock market correction should both prove to be price supportive for bullion.
Read articleIn its first meeting with Jay Powell in the chair, the Federal Open Market Committee (FOMC) of the United States Federal Reserve raised the nation’s benchmark interest rate by a quarter-point to a range of 1.5 to 1.75 percent, exactly one point higher than one year ago at this time.
Read articleIf countries are unable to obtain dollars for their Central Bank reserves, they will have to look for a substitute. And the only substitute will have to be GOLD.
Read articleThe leadership of the Hungarian National Bank (MNB) has decided to bring back home Hungary’s gold reserves.
Read articleRussian Central Bank gold reserves rise to 1,857 tons in january, passing People’s Bank of China’s 1,843 ton gold hoard.
Read articleGold prices climbed nearly 2 percent on Wednesday, rebounding from early losses that followed stronger-than-expected U.S. inflation data, as the dollar surrendered gains and equities swung higher.
Read articleJerome “Jay” Powell took the reins of the United States Federal Reserve today, pledging continuity and transparency from the central bank in the wake of continuing good economic performance.
Read articleA major breakout in Gold this year and its effect on Silver is just one reason why Silver could have a big year.
Read articleU.S. prosecutors on Monday announced that they had settled charges against three European banking giants, HSBC, UBS and Deutsche Bank, for manipulating the markets for precious metals, including gold and silver, and filed charges against eight people, including some of their former traders.
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