Gold Marks a Fresh 2017 High, Stocks Drop on NKorea Tensions

Gold Marks a Fresh 2017 High, Stocks Drop on NKorea Tensions

Gold Marks a Fresh 2017 High, Stocks Drop on NKorea Tensions $GLD NKorea launches or threatens to launch a missile, Gold rises, stocks fall, things calm down and stocks make up their losses, what has been a recurring story YTD. The Big Q: Is it different this time? The Big A: After NKorea said it […]

Gold is an “All Weather Investment”

Gold is an “All Weather Investment”

Gold is an “All Weather Investment” $GLD The Big Q: What do savvy Wall Street traders see in physical Gold, and why are they adamant about holding it? The former head of ETF Trading at Lehman Brothers said he discovered Gold in Y 2005 when the launch of the SPDR Gold Shares ETF (NYSEArca:GLD) drew his attention […]

Russia and China Setting Up to Transact Energy Business in Gold

Russia and China Setting Up to Transact Energy Business in Gold

Russia and China Setting Up to Transact Energy Business in Gold $GLD, $OIL, $USD, $CNY Russia’s largest bank, state-owned Sberbank, announced that its Swiss subsidiary had begun trading in Gold on the Shanghai Gold Exchange. Russian officials have signaled that they plan to conduct transactions with China using Gold as a means of marginalizing the […]

The Solid Reasons for Gold in an Investment Portfolio

The Solid Reasons for Gold in an Investment Portfolio

The Solid Reasons for Gold in an Investment Portfolio $GLD,  $SLV,  $ABX,  $EXCFF,  $SLW, $SPY Gold got crushed in The Trump Election rally post election, but a little over 5 months into Y 2017, the yellow metal is up 10.5%—making it one of the best-performing assets of the year so far. While the outlook for the […]

World War 3: Bullish on Gold (NYSEArca:GLD)

World War 3: Bullish on Gold (NYSEArca:GLD)

World War 3: Bullish on Gold (NYSEArca:GLD) $GLD, $SLW, In times of War or other upheaval, people turn to Gold (NYSEArca:GLD). When economies wobble and governments fall, Gold has always been seen as the best way to preserve wealth. The Y-Y change in the consumer price index has already risen from 0 to 2.5%. When […]

Dubai: Gold Hits 2-Week High as USD Falls

Dubai: Gold Hits 2-Week High as USD Falls

Dubai: Gold Hits 2-Week High as USD Falls  $GLD Spot Gold price forecast to range between 1,228 and 1,247 oz Gold jewelry prices in Dubai spiked Monday, as the USD fell in the aftermath of the recent Fed dovish interest rate adjustment. Bullion retailed Monday by as much as Dh10/gram when compared to the prices […]

World’s Top 10 Gold Mining Companies

World’s Top 10 Gold Mining Companies

World’s Top 10 Gold Mining Companies $ABX, $GG, $NEM, $AU, $KGC, $SBGL The price of Gold broke a 3-year losing streak in Y 2016, but the focus of the world’s top Gold mining companies in terms of output continued to be on cost-cutting and divestment which led to a decline in production for most of the sector’s majors. […]

China Setting Out to Consolidate its Gold Mining Industry

China Setting Out to Consolidate its Gold Mining Industry

China Setting Out to Consolidate its Gold Mining Industry $GLD China’s official news agency Xinhua reported this week that the country is set increase annual Gold output to 500 tonnes by the Y 2020 from around 450 tonnes currently. China overtook South Africa as the #1 miner of the precious Yellow metal in Y 2007. […]

President Donald Trump is in The Gold Bulls Camp

President Donald Trump is in The Gold Bulls Camp

President Donald Trump is in The Gold Bulls Camp $GLD, $SLV, $USD Statements last week by US Treasury Secretary Steven Mnuchin put The Trump Team in the Gold Bulls Camp Last Friday, Gold charged North for the 5th day running in heavy trade as the Trump-trade on financial markets begin to unwind, the USD weakens and interest […]

Here is the Proof, Rising Interest Rates are Good for Gold

Here is the Proof, Rising Interest Rates are Good for Gold

Here is the Proof, Rising Interest Rates are Good for Gold $GLD,  $USD, $XAUUSD You will recall that when the Fed raised interest rates in December, and the publicly spoke its plan to do so 3X more times in Y 2017, the conventional wisdom suggested gold should fall. The theory: Gold is a non-yielding asset, […]

Stanley Druckenmiller Changed His Mind About Gold

Stanley Druckenmiller Changed His Mind About Gold

Stanley Druckenmiller Changed His Mind About Gold $GLD, $DIA After the US Presidential election, billionaire hedge fund manager Stanley Druckenmiller made headlines by announcing that he had sold all of his Gold on 8 November. Yes, sold all of his Gold on Donald Trump’s election as President. He said that the way he saw the […]

Seabridge Gold (NYSE:SA) Identifies Another Large Target in the Region

Seabridge Gold (NYSE:SA) Identifies Another Large Target in the Region

Seabridge Gold (NYSE:SA) Identifies Another Large Target in the Region $SA, $ABX Canada’s Seabridge Gold (TSX:SEA) (NYSE:SA), the company behind the huge KSM project in northern British Columbia, considered the world’s largest undeveloped Gold-Copper project by reserves, has just identified a large, untested target at another of its ventures in the region. Exploration at Seabridge Gold’s […]

Gold Up, in Anticipation of US Fed Standing ‘Pat’

Gold Up, in Anticipation of US Fed Standing ‘Pat’

Gold Up, in Anticipation of US Fed Standing ‘Pat’ $GLD, $GDX, $JDST Gold is valued as unequalled material for jewelry, storing wealth and growing  industrial uses. Gold prices rose Monday, as the USD slipped Vs a basket of currencies, as the market awaits clues on timing of an increase in US interest rates. Spot Gold was up […]

The $50-B Gold Industry Deal Spree Is Extending

The $50-B Gold Industry Deal Spree Is Extending

The $50-B Gold Industry Deal Spree Is Extending $GLD, $ABX, $NEM The $50-B Gold industry deal spree is extending into its 3rd year, even as the rising bullion price makes sealing transactions and valuing mines more difficult. Gold has regained its “shine” as investors seek havens from volatile markets and weak interest rates. While the […]

Silver, the “Devil’s” Metal Shining Brightly

Silver, the “Devil’s” Metal Shining Brightly

Silver, the “Devil’s” Metal Shining Brightly $SLV, $GLD Silver and Gold are both money and a commodity, and during times of market uncertainty, like we have been seeing since the beginning of this year risk off investors first rush to Gold as a hedge against the value of their fiat (paper) currency. And also since Gold is […]

SPDR Gold Shares (NYSEArca:GLD) Assets + $18-B in 2016.

SPDR Gold Shares (NYSEArca:GLD) Assets + $18-B in 2016.

SPDR Gold Shares (NYSEArca:GLD) Assets + $18-B in 2016 Gold may emerge as one of the Brexit vote’s biggest commodity winners should revised forecasts from a growing number of banks prove correct as the poll’s outcome sets the stage for greater global economic uncertainty and hobbles the likelihood of rate rises from the US Fed. […]

Gold and WTI Crude Oil Technical’s (Weekly)

Gold and WTI Crude Oil Technical’s (Weekly)

Gold and WTI Crude Oil Technical’s (Weekly) $GLD, $USO Spot Gold pared most of its weekly losses Friday to close the week at 1,289.00 oz, as slow jobs growth in the US weakened the case for a US rate hike during the US Fed’s upcoming June meeting. The precious Yellow metal is finding support on […]

Tuesday’s Technical Outlook For Gold (GLD)

Tuesday’s Technical Outlook For Gold (GLD)

Tuesday’s Technical Outlook For Gold (GLD) $GLD Spot Gold marked a modest gain Monday to 1,242.23 before settling at 1,237.00 oz, as broad dollar’s weakness and stocks soft tone supported demand for the safe-haven asset. Trading was light ahead of the FOMCs meeting Tuesday and Wednesday. The precious Yellow metal is set to consolidate in […]

Wednesday’s Technical Outlook for Gold (GLD)

Wednesday’s Technical Outlook for Gold (GLD)

Wednesday’s Technical Outlook for Gold (GLD) $GLD Gold (NYSEarca:GLD) benefited from Buck’s softnessTuesday, with spot rallying up to 1,256.61 oz, and ending above the 1,250 mark. The precious Yellow metal gained despite the ongoing risk appetite, it ran on USD weakness, and on Silver’s strength. On the daily The technical indicators recovered from their mid-lines […]

Analyst’s: Some Key Reason To Buy Gold

Analyst’s: Some Key Reason To Buy Gold

Analyst’s: Some Key Reason To Buy Gold Some of the Key reasons why one analysts/author says that Gold is a good buy right now, as follows: “Negative interest rates reduce the cost of carrying gold and are, at least theoretically, inflationary. But it’s the cost of carry that is most compelling as a reason to […]