$XAU, $GLD, $XAUUSD FLASH: Strong US economic growth and subdued inflation mean there is no strong argument for a rate hike or cut right now, though business confidence is fragile, a Fed policymaker said Wednesday. “There’s not a strong case to push rates higher when inflation is under control; there’s not a strong case to […]
$DIA, $SPY, $QQQ, $RUTX, $GLD, $VXX Trade tensions should not disturb your portfolio’s peace of mind. To help prevent your portfolio from becoming “trade war collateral,” consider diversifying your assets to minimize exposure. Assets like physical Gold and Silver are historically known to perform well during turmoil in such dust ups. Recently, Jim Cramer urged investors frightened […]
Why China is Right to be Wary of Bitcoin (BTC) $BTCUSD China has cracked down on Bitcoin shuttering cryptocurrency exchanges, the Bottom Line The wave of sell orders that hit the US ‘coin’ market on 10 October 10 should not have surprised anyone who watches it carefully, we saw it coming months ago. Bitcoin (BTC) […]
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’s Price Under Heavy Pressure, Taps Key Support $GLD The price of Gold has been pressured for the past 2 weeks, as commodity prices have fallen, as the Fed signaled more rate hikes, the USS staged a nice relief rebound, and persistent risk appetite in the equity markets slowed demand for Gold. This confluence of […]
Gold (NYSEArca:GLD) Spikes on Heavy Volume $GLD, $GDX, $KGC, $SLW, $ABX, $EXCFF, $NEM, $GG Tuesday, the return of the safe haven buyer and a weaker USD combined to lift the precious Yellow metal to its highest mark since the election of Donald Trump on 8 November. Gold futures in New York for delivery in August, […]
Gold Prices Moving Higher on Geopolitical Factors $GLD, $USD, $EUR, $GBP The economy is very much influenced by the events going on around the world. The Brexit vote, for example, caused both GBP and the EUR to weaken considerably, and USD to grow stronger by comparison. The announcement of a federal interest rate hike is […]
See Gold Price Rising On Risk Off Sentiment $DIA, $SPY, $QQQ, $GLD, $VXX Gold’s value will rise as central banks Key central banks keep trying to support economic growth with loose monetary policy This year Gold price is up 25% to 1,326 oz, defying shortsighted forecasts that it would lose value as the Fed shrank […]
Japanese Buying Physical Gold, Storing it in Switzerland Japanese investors are buying Bullion and storing it in Switzerland because of negative interest rates and fears JPY will depreciate as the government grapples with the heaviest public debt burden in the developed world, according reports. The number of buyers jumped 62% in 1-H of Y 2016 […]
Global Stock Markets “Bouncing” Off Of Hefty Losses $DIA, $SPY, $QQQ, $VXX, $GLD, $SLV Wednesday, Global stock markets continued to recover after last week’s losses and the USD was down 0.5% Vs a basket of peer currencies. Gold rose Wednesday on the USD’s retreat and investor appetite for safe assets remained strong because of longer-term […]
Monday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Wall Street fell across the board for a 2nd day running, as investors exited stocks and rushed into safe-havens assets. The DJIA shed 119 pts or 0.67% to close at 17,865.34, the NAS Comp fell 1.29% to end at 4,894.55, and the S&P fell 19 pts or […]
Thursday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI The US major stock market indexes finished the day higher Wednesday on a light trading session. The DJIA + 66.77 at 18,005.05, the S&P 500 6.99 pts higher, at 2,119.12, and the NAS Comp 12.89 pts, to close at 4,974.64 US stock market participants saw “good” after […]
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 […]