More than 70 activists have so far been charged in connection with the demonstrations that brought parts of London to a standstill for 10 days.
- The dollar steps on the rally with a bullish reversal last week.
- Issues around the world warn not to get too bearish.
- Technical levels to watch in gold on the up and the downside.
- Gold mining stocks are waiting for gold to make a move – GDX is likely to outperform gold if the price breaks higher.
Gold is a safe haven asset that market participants tend to flock to during periods of fear, uncertainty, and inflation. The yellow metal is both a commodity and a financial asset, making it unique. Along with its many industrial and ornamental uses, gold serves as an asset for countries around the world that hold the metal as part of their foreign currency reserves. Not only do central banks, governments, and monetary authorities hold gold, but they have been net buyers of the precious metal over the past few years. China and Russia are both absorbing their domestic production and purchasing the metal in the international market to build reserves.
By Dr John Constable – Re-Blogged From GWPF
The UK’s electricity network is likely to become significantly weaker within five years, due to falling Short Circuit Levels that reduce the reliability of protection systems designed to limit the geographical extent of supply loss during a fault, and also make it more likely that asynchronous sources of electricity such as wind, solar and High Voltage Direct Current interconnectors will disconnect during a fault. Ironically, Short Circuit Levels are falling because of a rising input from asynchronous sources. A remedy for this problem is unlikely to be cheap. Who will pay?
(The Telegraph) — Odds of a ‘no deal’ Brexit next week have risen markedly, as the Commons fails to coalesce around a viable alternative to Theresa May’s deal, while once again rejecting the “best possible deal” negotiated between the prime minister and the EU27, albeit by a smaller, yet still considerable, margin than in the past.
This is why, for the first time in a while, speculation about ‘no deal”s impact, not only on the UK, but on the European, and broader global, economy is at the forefront of the market’s mind, as investors have finally been forced to confront the reality that the UK crashing out of the EU next week isn’t only possible, but extremely probable.
– 3.8% fall y/y in Q1, the seventh straight decline in values – Nationwide
– Nationally, U.K. real-estate market remains ‘subdued’
– Some of the weakness relates to Brexit as economic uncertainty impacts sentiment
London continued to lead the U.K.’s weakening property market at the start of 2019, with prices falling the most since the financial crisis a decade ago.