US Stocks “Paused to Refresh”, Gold Finished Higher

US Stocks “Paused to Refresh”, Gold Finished Higher

$DIA, $SPY, $SOX, $QQQ, $RUTX, $USD, $XAU, $GLD, $VXX Total CPI increased 0.1%, as expected, as did core CPI, which excludes food and energy prices. The monthly changes left the Y-Y readings at 1.8% and 2.0%, respectively, versus 2.0% and 2.1% for the 12 months ending in April. The Key takeaway from the report is […]

Gold at 1-Month High on Weak USD

Gold at 1-Month High on Weak USD

Gold at 1-Month High on Weak USD $GLD, $SLV, $MTAFF, $USD Gold jumped to a 1-month high Friday as USD softened Sentiment has turned sharply against USD, which may finally allow Gold to test Key medium-term resistance at 1,310 early this week. On the week, the precious Yellow metal finish up 1.3%, its strongest weekly […]

Irresponsible Economists make Wildly Exaggerated Calls for Global Recession

Irresponsible Economists make Wildly Exaggerated Calls for Global Recession

Irresponsible Economists make Wildly Exaggerated Calls for Global Recession The US is decisively in a growth rate cycle upturn, which began last year just after the Presidential  election. Very savvy BCA Research Chief Economist Martin Barnes and ECRI Co-founder Lakshman Achuthan provided an outlook of the US economy that surely contradicts the consensus sentiment of […]

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, […]