I write to you less than 24 hours before Ireland heads to the polls to decide who will lead the country, as the term of the current coalition government—comprising Fine Gael, Fianna Fáil, and the Green Party—comes to an end. At present, the economy—and by extension, the incumbent government—is feeling buoyant thanks to robust corporate […]
It has felt like we have been talking about the Federal Reserve rate cut for months and months. Finally we have something to say about it: The Fed decided to cut rates, and they cut rates by 50 basis points. Gold responded in true form and touched another record high. At the time of writing gold […]
Earlier on today the European Central Bank announced a 25 basis point cut as they press on with their plans to bring interest rates down. This move surprised absolutely no one. In response gold has been testing new highs against the euro. At the time of writing it looks like it could push through April’s all-time high. Elsewhere, gold has been testing […]
Nearly 30,000 of you have enjoyed our interview with David Hunter, recorded just last Thursday. His ‘conservative’ prediction that gold will reach $3,000 by the end of 2024 seems increasingly likely as the yellow metal continues to hold above $2,500. (If you missed it you can catch up here.) Last week’s speech by Federal Reserve […]
We write to you as we approach the end of another record-breaking week. This was the week, of course, when gold proved its mettle and broke through the $2,500 ceiling. The ceiling is both technical and psychological. Why did the price push through $2,500? According to both the LBMA and the World Gold Council it is […]
It was another interesting start to the week this week, with the announcement from President Biden that he would no longer run for another term. We believe that this has significantly changed the dynamics of the US election, and judging by the markets’ reaction, we’re not the only ones who think so. The Presidential race is […]
Gold hit a new all-time high against the dollar this week, buoyed on by speculation surrounding Fed rates and the increasing likelihood of a Trump win. Let’s be honest, it was always going to be an interesting week given it began with the attempted assassination of a presidential candidate. Interestingly gold was down in overnight […]
Today we bring you Part Two of our interview with The Silver Guru, David Morgan. In the second-half of our conversation we discuss the performance of silver miners. Now, demand for silver is climbing. And there is a supply shortage. But with narrow margins, times are tough for silver mining companies, even with silver at […]
Gold has continued to consolidate at higher levels this week, above $2,380 this morning and moving closer again to the psychological important $2,400 level. This is on the back of markets starting to price in an interest rate cut in the US for September. Data released on Thursday showed central banks are continuing to add […]
Happy Independence Day to all of those who are celebrating. On behalf of all at GoldCore, I would like to take a moment to wish you all a wonderful holiday filled with joy and celebration. Today, of course, US markets are closed on account of it being a federal holiday, making it a short week […]