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Rebutting Matt O'Brien's and the Washington Post's Misguided Attack on Gold + MORE

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A tale of two currencies

– .goldmoney.com

There is a widespread and growing feeling that financial markets are slipping towards another crisis of some sort.
In this article I argue that we are in the eye of a financial storm, that it will blow again from the direction of the advanced economies, and that this time it will uproot the purchasing power of major currencies…

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This week, clients have been selling their gold positions and have been buying or exchanging into silver.
GoldMoney’s clients have continued to favour the Singapore and London vaults this week, with less favour being shown for the Swiss and Canada vaults.
Kelly-Ann Kearsey, Dealing Manager at GoldMoney said, this week saw a shortened trading week due to the Easter break and today marks the end of the first quarter…

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Fed chair Janet Yellen’s comments that cautious should be taken in consideration of further rate hike pressured US dollar and yields, but lifted equities. Crude oil prices managed to climb higher earlier in the day but then reversed as oil inventory showed another week of increase. The front-month WTI contract dropped -2…

Continue Reading On oilngold.com »

Gold and silver prices rose slightly over the course of this week, with the gold price up $15 to $1235, and silver up 20c to $15.38. London having been closed for Easter Monday, trading in the physical market was subdued. Futures’ volumes were normal, with the exception of a spike on Tuesday when Janet Yellen delivered a widely anticipated speech to the Economic Club of New York, outlining the Fed’s thinking about economic prospects…

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Rebutting Matt Obriens and the Washington Post’s Misguided Attack on Gold
It is our mission to rebut any mainstream article that spreads misinformation about gold and/or shows a gross misunderstanding of monetary history.  In Matt O’Brien’s “Wonkblog” in the Washington Post on February 23, 2016, titled “This might be Ted Cruz’s worst idea“, he does both…

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Investors are cautiously awaiting the US employment report. Risk appetite appeared softened with Wall Street and European shares ending the day lower. The VIX (fear index) increased for the first time in 5 days. US dollar continued to drop but it’s more due to month-end rebalancing activities. In the commodity sector, both benchmark crude oil contracts ended the day modestly higher…

Continue Reading On oilngold.com »

Market participants continued to digest Fed Chair Janet Yellen’s speech in New York. US dollar weakened further modestly while equities climbed higher. Wall Street added +0.47% and +0.44% respectively. In Asia, Japan’s Nikkei 225 index has gained +0.39% in morning session, after dropping -1.3% a day ago due to the strength of Japanese yen…

Continue Reading On oilngold.com »

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