“Author Archive”
Articles written by Declan Cosgrove
Declan has over 20 years experience in the financial sector and has introduced a number of innovations in the gold bullion market, to reduce risk and improve transparency and service for investors. Declan is passionate about raising awareness of the different levels of risk associated the various types of gold products and has developed industry leading practices to remove counterparty risk, such as ‘segregated’ gold (where each clients has their own individual sealed box within an independent vault) and specialist pension products. He is a member of the Cobden Centre Advisory Board, and appears as guest speaker at events such as the FT / Investor Chronicle Gold Forum and the Association of Member-directed Pension Schemes annual conference. http://uk.linkedin.com/pub/declan-cosgrove/5/a9b/491

Gold price gains as strong Dollar drops

The gold price looks to be finishing the week on a high as the strong dollar encountered what DailyFX called an ‘aggressive reversal’ yesterday. The Bullion Desk reported gold at $1,237.89 per oz, after a ‘bullish day’ on Thursday, when prices closed up with gains of between 0.3% and 0.6%. Investor consensus suggests ongoing uncertainty […]

February 17th, 2017 | Posted in Gold News | Read More »

Gold price showing potential resilience following dip

Photo credit: Mark Herpel. Edited with TVScanline effect

The gold price rallied slightly yesterday after an ebb caused by a strong Dollar, suggestions of a Fed rate hike and a positive outlook on the US economy. However the price remains in flux rather than on an upward trajectory. Marketwatch quoted Michael Armbruster, principal and co-founder at Altavest as saying precious metals are momentarily […]

February 16th, 2017 | Posted in Gold News | Read More »

Gold price settles in anticipation of Yellen’s testimony, Dollar strengthens over Trump-Abe talks

Photo Credit: Global X. Edited with TVScanline effect

The gold price calmed its short-term bull run today, as two major talking points rallied other markets. Spot gold was down to $1,225.84/oz at 02:30 GMT and gold futures inched up 0.1% to $1,226.8. This comes after markets rallied in accordance with political events over the weekend, notably Trump’s meeting with Japan’s prime minister, Shinzo […]

February 14th, 2017 | Posted in Gold News | Read More »

Gold mining stocks up as long term outlook for gold price looks solidly bullish

Photo credit to Vilseskogen . Edited with TVScanline. URL: https://www.flickr.com/photos/vilseskogen/5077405810/in/photolist-4syTKu-gavHUT-8DCLsE-dCUDoX-7fWvEW-ngbMij-3F8gVd-6j2B9b-bnbUvw-8ffYgd-6iM7iY-52uoHp-nBKiSz-z6Gjh-5dnv7x-8Mt2vK-dWGT32-yGUgcG-5NaXd7-57mZKV-8wDVVT-aq7XLa-yXch7C-RwFG1d-8Wy1X2-8JF3ks-5SM9N7-o9WRjf-7HsyXE-9xcuCw-MpNDB-4dJLwP-9RdZnz-8L13Dg-8JF2Mu-duKkS3-ecC5eY-8PPonW-9vhm9B-e4p1cU-8JF2Ru-aknhgG-qsrtud-9Dzus3-bXqdHE-5ttuyZ-8JF2Y9-4eghyV-7m2T3V-4PZTCS

Mining stock indexes have risen as traders predict an upward trajectory for the gold price this year. Investor’s Business Daily reported that VanEck Vectors Junior Gold Miners (GDXJ) jumped 7.7% and VanEck Vectors Gold Miners (GDX) added 3.7% on Monday. EFT Trends reported that ‘Gold miners also jumped, with Market Vectors Gold Miners ETF (NYSEArca: […]

February 7th, 2017 | Posted in Gold News,Mining | Read More »

Gold Bulls emerge as equities remain nervous

As the gold price moves in reaction to Trump’s policies and dollar devaluation rhetoric, gold bulls are emerging, predicting an average range of $1,101-$1,379 this year. MarketWatch’s news editor Rachel Koning Beals suggested a price increase for the precious metal as an inflation ‘sleeping giant wakes’. Koning Beals highlighted a 9% gold price rise in […]

February 3rd, 2017 | Posted in Gold News | Read More »

Gold price holds steady amid anticipation over Fed policy, London silver up as Washington attacks Germany

Credit to Håkan Dahlström. Used w/tvscanline effect

As we alluded to yesterday, anticipation over Trump’s mix of policies is causing the gold price to fluctuate. Uncertainty over what happens next means gold traders are hedging their bets and not taking a noticeably bullish or bearish sentiment. CNBC reported that ‘spot gold was little changed at $1,210.79 an ounce by 0320 GMT and U.S. […]

February 1st, 2017 | Posted in Gold News,Silver News | Read More »

Parliamentary vote causes pound drop and gold fall

Following yesterday’s Supreme Court ruling on the Brexit-triggering Article 50 being subject to a Parliamentary vote, the pound has fallen by over 0.7% to trade at $1.2441. That saw a slight fall in gold. ‘Another good day for the [cheap] pound saw gold ease back a little in sterling terms,’ Head of multi-asset at Newscape and […]

January 25th, 2017 | Posted in Gold News | Read More »

Gold at two-month high, Dollar down after Trump’s inauguration – a sign of things to come?

Photo Credit: Matt A.J.

The Dollar index is down 0.5% after Trump made a ‘populist and nationalist appeal in his inaugural address that worried investors about potentially protectionist trade policies’ according to CityAM writer Courtney Goldsmith. Goldsmith also notes Sterling’s $1.2472 high against the dollar, its highest since mid-December, and that gold has fallen short of breaking $1,220 for […]

January 23rd, 2017 | Posted in Gold News | Read More »

Meet Mike Maloney – why gold can be a better choice than fiat or Bitcoin currency.

Today we revisit this small series of 7 videos where Mike Maloney, best selling author of ‘Guide to Investing in Gold and Silver’, educates viewers about money and how it works. In this short documentary series Mike gives the viewer a foundation into Economics and Money and shows why gold can be a better choice […]

January 21st, 2017 | Posted in Gold and Silver Media | Read More »

If the economy is recovering then why hasn’t the unemployment rate budged in over four years?

The past few months we’ve been reporting on the UK PMIs, all of which have been trying to tell you that companies in the UK have been on a hiring binge of late, causing Tory politicians to declare that the UK economy is heading back to rude-health. For example, here’s an excerpt from October 3rd […]

October 16th, 2013 | Posted in Gold News | Read More »

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