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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 – Reuters
Asian Stocks Join Global Selloff as Commodity Producers Retreat – Bloomberg
Wall Street veterans say rate-hike past is not prologue for markets – Reuters
Italy bank rescue marred by suicide and lost savings – BBC News
Third 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 – ZeroHedge
India’s Failing Gold Monetization Scheme: Seizure Imminent? – ZeroHedge
‘The Fed Awakens’ expected this week amid volatility spike – MarketWatch
Junk Bonds Are Tanking and Icahn Says Meltdown ‘Just Beginning’ – Bloomberg
Investor checklist for a stock market crash – The Telegraph
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