GOLD: now blaming Bitcoin for lack of interest in precious metals. 13 acre plot in St Vincent & Grenadines put up for sale – asking price 600 Bitcoins. Chart & Analysis – Nicole Elliott, Investors Chronicle

 

GOLD SHORT TERM TRADER: Short at 1281; stop above 1290. Target 1260.

GOLD POSITION TAKER: Square.

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Brussels bureaucrats meet again

Want more integration

Reuters reports that in Brussels today the European Commission is to propose further euro zone integration to include all states, not just those using the single currency. Among some of their rather woolly plans is for the current bailout fund to become an EU institution under the control of the European Parliament.

On CNBC TV yesterday Turkey’s foreign minister Mevlut Cavusoglu warned that if President Trump decides to base the US embassy in Jerusalem rather than Tel Aviv this could bring chaos to the region. He added, ‘ this can go as far as severing Turkey’s ties to Israel’.

Financial & Political Commentary

 

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