Understanding the Impact of the Crude Oil Price War on the Middle East

Understanding the Impact of the Crude Oil Price War on the Middle East

$OIL $USO $USG $USD Here is closer look at the ripple effects of plunging oil prices and a weak demand for the commodity, as well as predictions on how the industry will cope in the near- to long-term The Crude Oil markets have suffered from the 2X shock of the viral pandemic and politics, and […]

Sentiment is a Volatile Motivator

Sentiment is a Volatile Motivator

$VXX $USD $GBP $EUR $XAU $GLD Keeping tabs on the overall market correlation across assets on the risk or safe haven side was my focus at the weekend. Even though things eased last week with over $5-T in sidelined cash coming back in just 4 days, circumstances might see it snap back into the Bear’s […]

President Trump’s Fed has Brought the Global Financial System Back from the Edge

President Trump’s Fed has Brought the Global Financial System Back from the Edge

$ICE $USD $BAC $WFC This week Fed Chairman Powell set out to offer a explanation for the complicated steps he is taking to relieve dire stresses in the global financial system. “Many places in the capital markets, which support borrowing by households and businesses. I am talking about mortgages and car loans and things like […]

USD Falls 3.9%, Biggest Weekly Decliner Since 2009

USD Falls 3.9%, Biggest Weekly Decliner Since 2009

$USD $.DXY The Buck posted its biggest weekly decliner in more than 10 yrs Friday, as trillions of dollars worth of aid/stimulus efforts by governments and central banks helped temper a rout in global markets driven by the coronavirus pandemic. The USD surged in March as tumbling stock and debt markets caused a scramble for […]

Gold Price Futures Technical Analysis

Gold Price Futures Technical Analysis

$GC $XAU $GLD $USD Gold futures in New York soared for a 2nd session running Tuesday on continued reaction to the Fed’s extraordinary measures to help an economy ravished from the coronavirus pandemic and demand/supply issues. The Fed revealed Monday several programs including lending against student loans, credit card loans and US government backed-loans to […]

Selling Widespread, Losses Were Pared into the Close

Selling Widespread, Losses Were Pared into the Close

$DIA $SPY $QQQ $RUTX, $USO, $XAU, $USD, $VXX Despite the coordinated stimulus packages announced by central banks and the massive stimulus plans laid out by Washington, confidence was lacking due to the growing outbreak of COVID-19 and the continued shutdown of the economy. Shortly before the close, the Senate passed the House bill that provides […]

Gold Price Technical Outlook

Gold Price Technical Outlook

$GC $XAU $GLD Gold futures rose Tuesday, rebounding from a 5-session decliner after the Fed’s announcement to boost lending eased fears over a contraction in liquidity. US equity markets recovered some after Monday’s steep decliner, after the Fed stepped in and putting more liquidity into the economy. This triggered the relief rally in gold because […]

Unprecedented Stresses in US Financial Markets Has Investor Sidelining Trillions in Cash

Unprecedented Stresses in US Financial Markets Has Investor Sidelining Trillions in Cash

$DIA $SPY $QQQ $RUTX $USD $JPY $VXX Friday, Ultra Long-term US T-Bond futures moved about 1.3 pts a day on average in January, were down more than 7 pts on the day and off 36 pts from Monday’s high. Italian sovereign debt had imploded. An index of costs to insure corporate debt with credit-default swaps […]

People are Asking, “What is going on in this Stock Market?”

People are Asking, “What is going on in this Stock Market?”

$DIA $SPY $QQQ $RUTX The Big Q: What is going on in this Stock Market? The Big A: A confluence of confusion aka lots of unknowns. I have been in the stock market since Y 1981, and like everyone else I know in this game, have not see this kind of action ever. What we […]

US Stocks Spike 9%+ on President Trump’s Plan to Bring the Country Together to Fight the Virus

US Stocks Spike 9%+ on President Trump’s Plan to Bring the Country Together to Fight the Virus

$DIA $SPY $QQQ $RUTX $VXX US stocks spiked 9%+ as President Trump joined reassured investors that he is stepping up efforts to protect the economy from the coronavirus fallout. All 3 major US stock market indexes rose 9%+, as President Trump declared a national emergency to help combat the virus and said the private sector […]

Global Markets and Commodities

Global Markets and Commodities

$GLD $XAU $OIL $USO $USD $MSCI Crude Oil and global equity markets bounced back after the Monday’s losses as the world’s biggest economies moved to cushion the impact of the coronavirus, but stock gains in Europe failed to hold as investors are still cautious. The price of Brent Crude Oil climbed 10% on hopes a […]

Gold Price Consolidates Up Here

Gold Price Consolidates Up Here

$XAU $GLD $USD Monday, Gold prices attempted to break out and made their highs during the Asian trading hours. Prices eased lower and ending the session unchanged, after rising 28 oz at their highs. The 10-yr T-Note yield hit a a mark of .49 bpts down another 15-bpts from Friday. Investors have now baked in […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

$DIA $SPY $QQQ $RUTX $GLD $XAU $USO $VXX Wow, what a week it was, it really was! Technical Analysis: The move Thursday was not encouraging for a continued relief move, much less anything else. The Big Qs: Was it the end of the relief move? Would the jobs report help spring the move higher, given that […]

Gold Breaks Above 1,700 on Safe-haven Demand

Gold Breaks Above 1,700 on Safe-haven Demand

$GLD $XAU $USO $OIL $SPY $USD Gold broke above 1,700 oz on a into safe- havens intensified, with the upswing driven by turmoil in the Crude Oil market, the spread of the coronavirus, sinking equities, and expectations of easier monetary policy. The precious Yellow metal hit its highest mark since Y 2012 as Brent collapsed, […]

Expect Another Fed Rate Cut Soon…

Expect Another Fed Rate Cut Soon…

$USD $GLD $XAU …the USD will weaken, gold will strengthen, short-term interest rates to Zero. Investment guru Jeffrey Gundlach says that he believes the Fed panicked in cutting interest rates earlier this week. “When I say panicked, it does not mean it is not justified. Sometimes panic is justified,” the Bond King said. The Bond […]

Gold Price Taps Overhead Resistance

Gold Price Taps Overhead Resistance

$XAU $GLD $USD The Gold markets have broken above 1650, but gave back the gains showing signs of exhaustion. Gold futures settled 1.40 lower (-0.1%) to 1,643.00 oz as action quieted down a bit following Tuesday’s spike higher, and ,DXY is up about 0.3% at 97.40. Now if the market break down it is likely that […]

The Gold Rally is Just Getting Started

The Gold Rally is Just Getting Started

$XAU $GLD $XAG $SLV $USD Gold spiked Tuesday, rising 49, at 1,638 oz. There will be more gains as more investors view the precious Yellow metal as insurance against financial market instability at a time of ultra-low interest rates. Gold got a lift from the Fed’s anticipated move Tuesday to cut its Key short-term rate […]

Gold Markets Continue to Attract Capital Inflow

Gold Markets Continue to Attract Capital Inflow

$GLD $XAU $USD Gold markets rallied Thursday, but there is selling pressure clusterer above. The market contmay inue to struggle with the notion of safety, and of course gold is 1 of the 1st places people look. USD has not been hit, that puts more upward pressure on precious metals in general. If USD started to […]

Gold Price +2% Set to Test $1,700 oz

Gold Price +2% Set to Test $1,700 oz

$GLD $XAU $USD Gold futures spiked Monday to their highest finish since February 2013, as the spread of COVID-19 to Italy and other parts of the world brought about more nervousness into the markets, lifting demand for safe-havens assets including gold. The precious Yellow metal has become a more widely desired currency again, it is […]

Gold is in the Midst of a Perfect Storm

Gold is in the Midst of a Perfect Storm

$GLD $XAU $SLV $XAG $USD $EUR Concerns about the human and economic cost of the coronavirus continues to drive the need for strategic diversification and safe haven demand. Pro-cyclical commodities such as crude oil and copper meanwhile saw their recent recovery falter in face of renewed concern over the virus spreading outside of China. Commodity […]

Gold Prices Drive North

Gold Prices Drive North

$XAU $GLD $USD Gold markets rallied Wednesday as we continue to see the markets drive higher. It is now above 1600 so it is likely to continue to mark the longer-term target at 1800. Short-term pullbacks continue to offer buying opportunities for value, with the 50-Day EMA underneath at 1550, it is very important for the […]

Gold Prices Broke Out to Fresh 7-Yr Highs

Gold Prices Broke Out to Fresh 7-Yr Highs

$XAU $GLD $USD Tuesday, Gold prices broke out, to fresh 7-year highs as concerns over declining growth do to the coronavirus buoyed the precious Yellow metal. The rally in gold comes despite a surge in the USD to fresh multi-year highs. The 10-year US yield is trading near the low end of its 5-yr range […]

Gold Price Seen at $2,000 Near Term

Gold Price Seen at $2,000 Near Term

$XAU $GLD $SPY $SPX The S&P 500 posted a record high Wednesday at +37.10, or 1.1% at 3334.69 The reverse side of market optimism was the correction of safe-havens such as JPY and Gold. The JPY declined against the Buck, lead USDJPY to its highs in a 1. wks near 109.50, showing a rebound from the 200-Day SMA. Gold dropped […]

Fed Leaves Key Interest Rate Unchanged

Fed Leaves Key Interest Rate Unchanged

$DIA, $SPY, $QQQ, $RUTX , $VXX The Fed held interest rates steady Wednesday at its first policy meeting of the year, the head of the central bank pointed to continued moderate economic growth and a “strong” job market, and giving no sign of any imminent changes in borrowing costs. “We believe the current stance of […]

“US Would Refinance, Pay Off Debt if Fed Lowered Rates”–President Trump

“US Would Refinance, Pay Off Debt if Fed Lowered Rates”–President Trump

$DIA, $SPY, $QQQ, $RUTX, $VXX Less than 1 hr after Fed officials begin a two-day policy meeting, President Trump calls for a cut in rates. “The Fed should get smart & lower the Rate to make our interest competitive with other Countries which pay much lower even though we are, by far, the high standard,” […]

Investors Must Avoid Undue Reactions to Virus Story

Investors Must Avoid Undue Reactions to Virus Story

$DIA, $SPY, $QQQ, $RUTX, $VXX I herewith urge all investors to avoid making hasty decisions after China announced a rise in cases of a deadly new virus that the media says threatens to crimp global economic growth. Stocks markets pulled back worldwide Monday on the supposition that investors are worried about the potential economic impact of […]

Gold & Silver: Not a Top, but a Mid-Cycle Correction

Gold & Silver: Not a Top, but a Mid-Cycle Correction

$XAU, $GLD, $XAG, $SLV, $USD Gold’s entered a gentle climb North after marking the 12 November lows. It was not until the Thursday before Christmas when prices verified a cyclical breakout. The initial breakout surge is slowing as the precious Yellow metal enters a mid-cycle correction. Key support is between 1520 – 1540. Once completed, […]

Gold Prices Surge, Bullion Nears 1600 oz.

Gold Prices Surge, Bullion Nears 1600 oz.

$GLD, $XAU, $SLV, $XAG, $USD, $NEM Gold rods to its highest mark since Y 2013 in the US session Monday, as rising tensions in the Middle East drives demand for havens, with Goldman Sachs (NYSE:GS) seeing more room to run. Palladium, the most precious, extended gains to a fresh record. Bullion neared 1,600 oz after […]

Gold 2020: Prices Rise as the USD Falls

Gold 2020: Prices Rise as the USD Falls

$XAU, $GLD, $USD Gold prices moves higher as USD eases, and an Iranian-backed militia stormed the US Embassy in the Iraqi capital Tuesday. US short term yields moved lower weighing on the interest rate differential, which put downward pressure on the Buck and paved the way for higher gold prices. Technical Analysis: Gold prices moved […]

The Financial Markets in Year of the Rat 2020

The Financial Markets in Year of the Rat 2020

$DIA, $SPY, $QQQ, $RUTX, $XRT, $IWM Our New Year is here and we are just a few weeks away from the Chinese New Year, so not too early to share some of my favorite Chinese Astrologer’s thoughts on the coming Year of the Rat, he is famous for his predictions, but not perfect. The background: […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

$SPY $SPX, $DIA, $QQQ, $RUTX I am saying this again: “All the stress, worries and concerns about trade disputes, geopolitics and a slowing and overly indebted global economy, Y 2019 may be the best year investors have ever had, the numbers are staggering.” And just because sentiment is so very positive does not mean a […]

Gold Closed Above $1500 on Pace to Best Year Since 2010

Gold Closed Above $1500 on Pace to Best Year Since 2010

$GLD, $XAU, $SLV, $USD, $JPM, $GS, $UBS Gold rose for a 4th session running, topping 1,500 oz and on pace for its best annual gainer since Y 2010. The precious Yellow metal marked a 7-wk high on the breakout as investors positioned for Y 2020, with post-Christmas gains coming even as global equities inched higher and US-China […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

$SPY $SPX, $XAU, $USO, $USO For all the stress, worries and concerns about trade disputes, geopolitics and a slowing and overly indebted global economy, Y 2019 may be the best year investors have ever had. The numbers are staggering Global stocks have piled on more than $10-T, bonds have been on fire, Crude Oil has […]

Gold Futures: Technical Analysis

Gold Futures: Technical Analysis

$GLD, $XAU Gold futures traded higher late Thursday despite extremely low volume. Traders are saying the market is being underpinned by the lack of details over the US-China trade deal, and the political uncertainty in Washington. The low volume is being attributed to position-squaring ahead of the Christmas and New Year holidays. At 20:35 GMT, February […]

Gold Price Futures Technical Analysis

Gold Price Futures Technical Analysis

$GLD $XAU $USD Gold futures are trading nearly flat late Tuesday with gains capped by demand for risky assets and a stronger USD. The market may have been underpinned by slightly weaker US Treasury yields. Fundamentally, the market was pressured by stronger-than-expected US economic data, but may have been supported by concerns over the lack […]

Gold Prices on Pace to Mark Biggest Annual Gainer in 9 Yrs

Gold Prices on Pace to Mark Biggest Annual Gainer in 9 Yrs

$GLD, $XAU, $SLV, $XAG, $USD Gold prices look to end the year more than 15% higher, on track to post their biggest annual gainer in 9 years. “Gold has seen considerable safe haven buying from investors concerned over low and negative yields in the bond market and fearing a possible downturn in equities,” said the […]

Gold’s Price History

Gold’s Price History

$XAU, $GLD, $USD, $XAG, $SLV The following is a deep dive into past Gold’s Price History by James Anderson who begins with a gold price chart covering more than the last 700 years. Leading into the USD price of gold since the 1776 founding of the United States of America (USA) through the post-1971 fully fiat […]

A Case for the Extension of This Bull Market

A Case for the Extension of This Bull Market

$SPY, $RUTX, $USD Last Christmas, the longest Bull market in our lifetime came within points of dying as the Fed raised interest rates. Some pundits say that every 3 years or so something pushes the Bull market to the brink of extinction, before a last-minute escape, that there is a record of support that underpins […]

Gold’s Great Year Points to Another

Gold’s Great Year Points to Another

$XAU $GLD $USD $GS Gold’s impressive advance in Y 2019 may be set to move into the New Year. As 2020 looms, BlackRock Inc., the world’s largest money manager, remains constructive on bullion as a hedge, while Goldman Sachs Group Inc. and UBS Group AG see prices climbing to 1,600 oz, a mark last seen […]

The Gold Rally Stalled…

The Gold Rally Stalled…

$GLD $XAU, $SLV, $XAG, $USD Macro events stalled the rally in Gold over the past 2 months.  Now, it appears Gold is set up for another rally pushing much higher. Gold broke down from a Bull Market in Ys 2012/2013, that is nearly 7 years ago.  Now, Gold has broken resistance near 1375 and is technically […]

Outlook for Gold and Silver in 2020

Outlook for Gold and Silver in 2020

$XAU, $GLD, $USD, $XAG, $SLV Now it is the time of year to predict where gold prices will go in Y 2020. The forecasts’ are worth paying attention to because the experts use a number of factors, ranging from central bank policy to geopolitics to cycle analysis, to make their calls. There is something for […]

Gold is More Than a Safe Haven Asset

Gold is More Than a Safe Haven Asset

$XAU, $GLD, $USD Despite its strong ties to geopolitical events, gold is driven by supply and demand. Gold, known as the safe haven asset, historically becomes more valuable during times of geopolitical turmoil. Approximately 20% of the above-ground stock of gold reserves is held by central banks and international monetary organizations.  In addition, gold and the USD […]

President Trump Will Continue to Defend the US Economy (Video)

President Trump Will Continue to Defend the US Economy (Video)

$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 (+0.1%), DJIA (+0.1%), and NAS Comp (+0.1%) eked out incremental gains to close at record highs Monday. The Russell 2000 (-0.3%) closed in negative territory.  Before President Trump, China has intended to take over the world. White House economic adviser Larry Kudlow proclaimed that President Trump will […]

Gold Bounced Finishing in the Green

Gold Bounced Finishing in the Green

$XAU, $GLD, $USD Gold prices bounced off session lows and closed in the Green Tuesday, despite a stronger USD. Yields remain edged lower. German data is showing some small signs of improvement. President Trump in a speech before the Economic Club of New York on Tuesday to hammered the Fed, saying that although the stock […]

Paul Ebeling’s DC Commentary: “Investors Ignoring Trump Impeachment ‘Noise'”

Paul Ebeling’s DC Commentary: “Investors Ignoring Trump Impeachment ‘Noise

$USD, $DIA, $SPY, $QQQ, $RUTX, $VXX The US Dem House’s impeachment focus is not even a distraction to the financial market, as nothing will or can come of it, as in the world of geopolitics something big happened at the weekend. Sunday, President Trump announced that Abu Bakr al-Baghdadi, the leader of the so-called Islamic […]

Gold Retakes Key $1,500 oz Mark

Gold Retakes Key $1,500 oz Mark

$XAU, $XAG, $GLD, $SLV, $USD Gold prices climbed above the Key $1,500 mark Thursday to mark their highest finish in about two weeks, as a monthly drop in U.S. durable goods orders buoyed haven appeal for the metal. The dismal durable goods number is helping boost gold prices as recession fears are again on the […]

Russia’s Huge Gold Hoard Protects Its Economy

Russia’s Huge Gold Hoard Protects Its Economy

$XAU, $OIL, $USD A Russia official reportedly has declared that Moscow can thrive despite falling Crude Oil prices because of its massive gold holdings and the government’s efforts to reduce reliance on energy resources, Russian Finance Minister Anton Siluanov said that while Moscow is satisfied with the current price of Crude Oil, possible market turmoil will […]

US Q-3 Earnings, Here They Come

US Q-3 Earnings, Here They Come

$SPY, $SPX, $SPLRCT, $USD, $EUR, US companies are preparing to report Q-3 earnings following a few months grappling with a US-China trade conflict undermining the business environment and an overall economy that has been showing signs of slowing. Among S&P 500 (SPX) earnings for the July-September frame look set to mark the weakest performance in […]

US Stocks Advanced for 3rd Quarter Running

US Stocks Advanced for 3rd Quarter Running

$DIA, $SPY, $QQQ, $RUTX, $USD, $USO, $GLD, $XAU, $VXX US stocks advanced for the 3rd Quarter running, as investors weighed the latest turns in the trade dispute between the world’s 2 largest economies. The USD rose and Treasuries moved higher. Tech drove the rise after The Trump Administration partially refuted a report it would target […]

President Trump Has “Muscled” the Stock Market Away from the Fed

President Trump Has “Muscled” the Stock Market Away from the Fed

$DIA, $SPY, $QQQ, $RUTX, $USD, $VXX This week the Fed cut interest rates for the 2nd time since the Great Recession, and found its hands full with another event with potentially catastrophic implications for the economy. In short, liquidity in the repo markets, a critical cog in the financial system machine seized Tuesday. In response, […]

People are Asking: “Why are Russian & Chinese Central Banks Buying Gold?”

People are Asking: “Why are Russian & Chinese Central Banks Buying Gold?”

$XAU, $GLD, $USD, $EUR Russia’s central bank gold reserves are now valued at more than $100-B Emerging markets have been adding gold holdings regardless the prices are near their highest marks in more than 6 years, as countries such as Russia and China diversify their Fx reserves, this is a trend that is likely to […]

Gold: Investment Strategy

Gold: Investment Strategy

$XAU, $GLD, $GOLD, $NEM, $USD Emerging markets have/are adding to gold holdings, undeterred by prices near their highest levels in more than 6 years, as countries such as Russia and China diversify their Fx reserves, a trend we believe that is likely to continue. Central bank buying is important to the supply/demand dynamic for the […]

Russia and China Buying Gold, Driving the Rally

Russia and China Buying Gold, Driving the Rally

$XAU, $GLD $USD Russia and China are stockpiling gold, helping to drive the precious Yellow metal to its highest marks in more than 6 years. The People’s Bank of China has added about 100 tonnes of gold to its reserves since December. Russia has bought 106 tonnes bullion so far this year. “They can read the […]

Gold’s Price, a Fundamental Forecast

Gold’s Price, a Fundamental Forecast

$XAU, $GLD, $USD, $XAUUSD Friday, Gold saw choppy trade. The price action suggests that traders have fully priced-in the latest round of global central bank rate cuts and are now waiting to see if those cuts are having an impact on the global economy. The price action also indicates that gold may be fairly priced […]

Corporate Executives Are Buying Stocks…Are You?

Corporate Executives Are Buying Stocks…Are You?

$DIA, $SPY, $QQQ, $RUTX, $VXX When stock markets declined in August, 1 group of investors showed unshakable confidence, Company insiders. So much that the buy-to-sell ratio of corporate executives in Europe reached its highest mark since December, according to data compiled by 2iQ Research. Such spike in the ratio, 3.3 in August is usually seen […]

Falling Interest Rates Lead to Irrational Investments, So Gold Must Be in Every Portfolio

Falling Interest Rates Lead to Irrational Investments, So Gold Must Be in Every Portfolio

$XAU, $USD, $EUR All US financial markets are closed Monday in observance of Labor Day Investors should allocate about 10% of their assets in physical gold, Mark Mobius, who manages about $4-B in assets, told the Reuters Global Markets Forum in an interview Saturday. Mr. Mobius, who is in Mumbai to promote his book “Invest […]

US Does Not Intend to Intervene on USD Yet

US Does Not Intend to Intervene on USD Yet

$USD US Treasury Secretary Steven Mnuchin said The Trump Administration does not intend to intervene in the USD market now, but signaled he prefers any future move be coordinated with the Fed and global allies. The Treasury Department has “no intention of intervention at this time. Situations could change in the future but right now […]

Investors are “Going for the Gold”

Investors are “Going for the Gold”

$XAU $GLD $GDX, $GOLD, $NEM, $USD Investor doubts about the economic outlook and especially a Dovish Fed drove a gold price run in 1-H of Y 2019, sparking  burst of interest in gold investing and gold stocks. The escalating China trade dispute has provided the fuel since 1 August, and a day earlier, the Fed […]

Wall Street Shares Dipped Tuesday, Gold Rallies on Recession Fear

Wall Street Shares Dipped Tuesday, Gold Rallies on Recession Fear

$DIA, $SPY, $QQQ, $RUTX, $VXX Wall Street dipped Tuesday, weighed down by financial stocks as a deepening of the Treasury yield curve inversion raised recession worries again, and uncertainty over the progress in trade negotiations between the United States and China. A deepening of the inversion in the yield curve between the 2-year and 10-year […]

Gold, Silver Up, USD Down, Safe-Haven the Focus

Gold, Silver Up, USD Down, Safe-Haven the Focus

$GLD, $SLV, $USD, $XAU, $XAG Gold rose more than 1% Tuesday as fears of a possible recession gripped investors following disappointing US economic data, while silver marked $18 for the 1st time in nearly 2 years. Spot gold was up 1% at $1,540.57 oz at 1:41p EDT (1741 GMT), US gold futures for December settled […]

Gold Marks 6-Year Highs on Renewed Safe-haven Demand

Gold Marks 6-Year Highs on Renewed Safe-haven Demand

$XAU $GLD $USD Friday, gold marked fresh 6-year high after the US-China dispute intensified and Fed Chairman Powell said the US economy faces “significant risks” from slowing global growth. Gold climbed after China announced it will impose additional tariffs in retaliation for President Trump’s latest planned tariffs. President Trump then said he would respond to […]

Gold Traders Kept ‘Powder Dry’ Ahead of Fed’s Jackson Hole Summit

Gold Traders Kept ‘Powder Dry’ Ahead of Fed’s Jackson Hole Summit

$XAU $GLD $USD Gold is an asset that will never produce anything, but that does not mean it will never produce a profit for investors. Gold prices moved lower Thursday and consolidated in a tight range as USD initially moved higher. This happened despite slightly better than expected EU PMI Flash numbers. The Jackson Hole […]

Gold’s Long Term Prospect Is “Up, Up, Up”

Gold’s Long Term Prospect Is “Up, Up, Up”

$GLD, $XAU, $BTC, $USD Investment guru, Mark Mobius, gave a blanket endorsement to buying gold, saying accumulating bullion will reap long-term rewards as leading central banks loosen monetary policy and the rise of cryptocurrencies serves only to reinforce demand for genuinely hard assets. “Gold’s long-term prospect is up, up and up, and the reason why […]

Capital ‘Flying’ from Hong Kong

Capital ‘Flying’ from Hong Kong

$USD $HKD Residents of Hong Kong are swapping their Hong Kong dollars for other currencies as political unrest affects the local currency, the WS-J reports. Hong Kong’s currency sharply weakened against the USD starting last July, which analysts partly attribute to outflows.  The FT reports Hong Kong’s 10 richest people lost about $15-B since that time. […]

President Trump Urges Fed Rate Cut of 100 Bpts, the Market is Giving Chairman Powell Little Choice

President Trump Urges Fed Rate Cut of 100 Bpts, the Market is Giving Chairman Powell Little Choice

Monday, President Trump stepped up his assault on the Fed, urging it to cut interest rates by a full percentage point to aid global growth while complaining the “dollar is so strong that it is sadly hurting other parts of the world.” “The Fed Rate, over a fairly short period of time, should be reduced […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Off, Crude Oil Off, Stocks Up Headlines Asian shares higher on China recovery, RM Yuan fixing Crude Oil off as demand outlook, trade dispute weigh Gold hanging near $1,500/oz on trade, recession concerns The .DXY, which tracks the Buck, Vs a basket of 6 […]

President Trump Will Not Devalue USD in Trade Dispute with China, the Fed Should Lower Interest Rates …

President Trump Will Not Devalue USD in Trade Dispute with China, the Fed Should Lower Interest Rates …

$USD Friday, President Trump said he will not devalue the USD in the US trade dispute with China. “No, we do not have to,” President Trump said when asked whether he plans to devalue the Greenback, though he added that if the Fed were to cut interest rates it “would automatically bring down the dollar […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Flat, Crude Oil Up, Stocks Up Headlines Crude Oil edges up on expectations of more OPEC output cuts Gains for Asian shares capped by trade issues, China stocks fall .DXY flat to little changed Vs its 6 peers Gold sees best week in over 3 […]

The Bull Run in Gold is Not Over, as the Market is Seeing a Natural Consolidation

The Bull Run in Gold is Not Over, as the Market is Seeing a Natural Consolidation

$XAU, $GLD, $USD Money manager, Jeffrey Gundlach predicts that gold’s price will continue North along with the run up in negative-yielding bonds. “At this point, I think the way to think about it is, as long as the volume of negative interest rate bonds outstanding increases, it’s quite likely that gold moves higher in a […]

President Trump Demands Strong Rate Cut, Market Turns a Solid Green, Wall Street Loves ‘Cheap Money’

President Trump Demands Strong Rate Cut, Market Turns a Solid Green, Wall Street Loves ‘Cheap Money’

$DIA, $SPY, $QQQ, $RUTX, $USD, $VXX The US stock market finished solidly in the Green Thursday, as trade anxiety subsided and investors embraced a risk-on mindset. The S&P 500 advanced 1.9%, which extended its 2-day bounce to 112 pts, or 4.0%, from its session low Wednesday.  Thursday, President Trump again expressed dissatisfaction with USD’s strength, […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Off, Crude Oil Bounces, Stocks Rally Chicago Fed President Charles Evans signaled Wednesday he was open to lower rates to bolster inflation and counter risks to economic growth from trade tensions. Futures moved to price in a 100% probability of a Fed easing in September […]

“Gold’s Rally Above $1,500 oz is Just the Beginning”

“Gold’s Rally Above $1,500 oz is Just the Beginning”

$XAU, $GLD,$USD, $GS Analysts at Goldman Sachs (NYSE:GS) predict that gold prices already at 6-year highs will climb to $1,600 oz over the next 6 months as investors seek safe-havens. The dimming global economic outlook, driven by heightening trade tensions between the US and China are boosting gold’s appeal as a hedge against financial chaos. […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Off, Crude Oil Steady, Stocks Higher Headlines US-China trade dispute remains in focus Crude Oil prices steady Spot gold may test psyche resistance at $1,500 oz Calm returns to stock markets as RMB Yuan steadies Gold: Gold prices +1% Wednesday as investors to seek refuge […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Firm, USD Off, Crude Oil Up, Stocks Lower Headlines Crude Oil climbs on Short-covering, Us-China trade disputes caps gain Global Stock ‘rout’ deepens US labels China a currency manipulator paving the way for more sanctions Yuan off lows, JPY slumps as China struggles over currency policy Gold […]

No One Has a Straight Answer as to Why Gold is in a Strong Bull Market

No One Has a Straight Answer as to Why Gold is in a Strong Bull Market

$XAU, $GLD, $USD FLASH: The precious Yellow metal is now acting like the Key safe-haven from the world’s problems. Gold prices spiked Monday rising 1.5% to new 6-year highs. Gold is the play within the trade dispute between Presidents Trump and Xi. Gold risen 17% since the moment last December when President Trump declared, “I am a […]

PBoC Taking Steps to Limit RMB Yuan Fall After the Currency’s Blacklisting

PBoC Taking Steps to Limit RMB Yuan Fall After the Currency’s Blacklisting

$CNH, $CNY, $USD FLASH: China will not use its currency as a tool in its dispute with the US China took steps to slow it RMB Yuan’s dive, as the effects of Monday’s plunge weighed on financial markets. The People’s Bank of China (PBoE) set the daily currency fixing stronger than analysts expected and announced […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Off, Crude Oil Off, Stocks Lower Headlines Asia stocks hit 6-month low as investors flee to safety Futures are now pricing in deeper interest rate cuts than before last week’s Fed meeting. The terminal US rate is seen at 1.22%, 93 bpts below the current […]

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