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“Could Not Invent A More Bullish Story For Gold Bullion”

 -- Published: Tuesday, 26 July 2016 | Print  | Disqus 

Newstalk’s Nick Bullman interviewed GoldCore’s Mark O’Byrne on “Down To Business” at 0643 this morning.


The interview on Breakfast (06:30 – 09:00) begins in the 14th minute (Part I) and can be listened to here

Topics covered were:
– Gold’s performance so far in 2016 – +25% in USD, +25% in EUR and +40% in GBP
– Gold acting as a hedge against fiat currencies
– “Could not invent a more bullish story for gold”
– Economic recoveries are tentative and leading to ultra loose monetary policies
– A lot of strong fundamentals including negative interest rates, polarisation of politics and “Clash of Civilisations”
– Short term risks with FOMC, Yellen and options expiration – may create short term risks
– Gold can rise even if dollar continues to rise
– Gold mining shares are up 80%. Are they over valued?
– Mining shares are more high risk and volatile than gold
– Allocation of 20% to gold merited given risks
– “Most of new buying from pension funds and companies”
– Avoid ETFs and paper gold – Have absolute legal title to physical gold

Gold and Silver Bullion – News and Prices

Gold edges up as dollar slips ahead of Fed meet (Reuters)

Gold Gains as Dollar Dips Before Fed, Official Sees BOE Stimulus (Bloomberg)

Gold ends lower as expectations grow for interest-rate hike later this year (Marketwatch)

Top credit ratings agency declares European Union “unsustainable” (Cityam)

Wall St. declines as earnings take center stage (Reuters)

SWOT Analysis: Is There Increased Political Risk Building into the Gold Market? (Goldseek)

An ‘insane’ number of catalysts are poised to roil vulnerable markets this week (Marketwatch)

Brexit and the City (Moneyweek)

The Brexit vote is over and the UK is fine – let’s stop the negativity (Telegraph)

“Central Bankers Are Killing Capitalism” Odey Warns, Moving Politics “Fast To Extremes” (Zerohedge)

Gold Prices (LBMA AM)

26 July: USD 1,321.25, EUR 1,199.56 & GBP 1,006.40 per ounce
25 July: USD 1,315.00, EUR 1,196.91 & GBP 1,000.32 per ounce
22 July: USD 1,323.20, EUR 1,199.22 & GBP 1,005.10 per ounce
21 July: USD 1,322.00, EUR 1,199.32 & GBP 1,000.75 per ounce
20 July: USD 1,325.60, EUR 1,204.31 & GBP 1,005.86 per ounce
19 July: USD 1,332.20, EUR 1,203.38 & GBP 1,009.04 per ounce
18 July: USD 1,326.15, EUR 1,200.30 & GBP 1,000.05 per ounce

Silver Prices (LBMA)

26 July: USD 19.68, EUR 17.89 & GBP 15.00 per ounce
25 July: USD 19.41, EUR 17.66 & GBP 14.77 per ounce
22 July: USD 19.70, EUR 17.87 & GBP 15.03 per ounce
21 July: USD 19.34, EUR 17.55 & GBP 14.66 per ounce
20 July: USD 19.70, EUR 17.88 & GBP 14.95 per ounce
19 July: USD 19.99, EUR 18.07 & GBP 15.18 per ounce
18 July: USD 19.72, EUR 17.83 & GBP 14.89 per ounce

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 -- Published: Tuesday, 26 July 2016 | E-Mail  | Print  | Source:

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