Fed, ECB “Monetary Insanity” Is “Frightening” - Gold Rigged … For Now
Max Keiser interviewed GoldCore Research Director, Mark O’Byrne last week and the video was released on Saturday.
Key points and topics covered:
- “Monetary insanity” of ECB and Fed is “frightening”- “Absolutely nothing has been learned” since financial crisis- “Financial hypocrisy on a grand scale”- Ireland was vassal of Bank of England and now ECB- Ireland needs to get “financial and monetary independence”- Huge demand for gold and yet prices manipulated lower- Real unemployment is U.S. probably 15-20%- Dollar may rally in short term but vulnerable in long term- Russia, China may monetise gold as geopolitical weapon- Gold and silver are “hedges for you in local currency terms”
You can watch video here
DAILY PRICES
Today’s Gold Prices: USD 1068.00, EUR 973.96 and GBP 703.67 per ounce.Friday’s Gold Prices: USD 1067.20, EUR 973.86 and GBP 704.93 per ounce.(LBMA AM)
Gold in EUR - 10 Years
Gold gained $6.50 on Friday to close at $1078.20, a loss of 0.65% for the week. Silver was down by $0.16 to close at $13.95 a loss of 4.12% for the week. Platinum lost $11 to $841.
IMPORTANT NEWS
Gold ticks up but looming U.S. interest rate hike weighs – ReutersAsian Stocks Join Global Selloff as Commodity Producers Retreat – BloombergWall Street veterans say rate-hike past is not prologue for markets – ReutersItaly bank rescue marred by suicide and lost savings – BBC NewsThird Avenue junk fund blowup exposes risks of unsellable assets – CNBC
IMPORTANT ANALYSIS
Austria Proudly Shows Off The 15 Tons Of Gold It Repatriated From London – ZeroHedgeIndia’s Failing Gold Monetization Scheme: Seizure Imminent? – ZeroHedge‘The Fed Awakens’ expected this week amid volatility spike – MarketWatchJunk Bonds Are Tanking and Icahn Says Meltdown ‘Just Beginning’ – BloombergInvestor checklist for a stock market crash – The Telegraph
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