Fed, ECB “Monetary Insanity” Is “Frightening” – Gold Rigged … For Now

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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First published here: http://www.zerohedge.com/news/2015-12-14/fed-ecb-%E2%80%9Cmonetary-insanity%E2%80%9D-%E2%80%9Cfrightening%E2%80%9D-gold-rigged-%E2%80%A6-now

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