Gold futures dropped below the key $1,300 mark on Friday to settle at their lowest in a month and half, down over 2% from a week ago—the sharpest weekly fall since August. An overall risk-on sentiment, which boosted U.S. and global stocks, as well as strength in the U.S. dollar worked to dull demand for …
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Gold Nears Major Resistance Ahead of the Fed
Commodity traders and other aficionados will be watching gold closely after Wednesday’s Federal Reserve interest rate decision to see if the yellow metal can add to impressive gains that have stretched nearly 12% since August 2018. This buying impulse has now reached within four points of major resistance in place since 2013, with a breakout setting off …
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It’s Stupid to Not Own Gold in This Monetary Mess
The Green New Deal is silly and not worth our attention. It implies we can have anything we want if the Federal Reserve extends credit. Let me blow your hair back for a second. The two biggest US stock market rallies (in the 1920s and in 1990) occurred when the budget deficit was disappearing or …
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3 Charts That Suggest It’s Time to Buy Metals
Metals have received much attention in recent days due to factors such as the announcement that Barrick Gold Corporation (ABX) is launching a hostile bid for Newmont Mining Corporation (NEM). Given the news along with the rising prices of all metals over the past several weeks, it could be an interesting time to take a …
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Citi in Talks With Treasury Over $1.1 Billion Maduro Gold Deal
Citi in Talks With Treasury Over $1.1 Billion Maduro Gold Deal SOURCE: Yahoo Finance | Bloomberg (Bloomberg) — Citigroup bankers have been holding talks with U.S. Treasury officials to figure out how to handle a gold deal they had arranged with Nicolas Maduro’s regime in Venezuela, people familiar with the matter said. The deal — …
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Gold Prices Hit Two-Week Highs as Data Supports Fed Pause
Investing.com – Gold prices moved higher on Friday as a string of weak economic data and subdued inflation supported the Federal Reserve’s current stance of being “patient” with future rate hikes, lowering the opportunity cost of holding non-yielding bullion. At 10:47 AM ET (15:47 GMT), gold futures for April delivery on the Comex division of the New …
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Silver Stocks Look Poised to Move Higher
Since late December, silver and related precious metal commodities have proven to be some of the best investments for those looking for a hedge against geopolitical uncertainty and heightened market volatility. While prices have rallied tremendously over a short period of time, in this article, we’ll take a look at three silver-related charts that suggest the move is …
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Wall Street firm says there is now a ‘strong case’ for gold over bonds, stocks
Wall Street firm says there is now a ‘strong case’ for gold over bonds, stocks Bernstein is tracking two key measures, both of which are at levels not seen since World War II: global government debt and central bank buying of gold. The firm argues that the current geopolitical environment is heading toward a period …
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Wait Until You See The Price Of Gold In Venezuela Right Now
By Frank Holmes | August 6, 2018 Paper Money Eventually Returns To Its Intrinsic Value… ZEROISTOCKPHOTO Last month in Venezuela’s capital city of Caracas, a cup of coffee would have set you back 2 million bolivars. That’s up from only 2,300 bolivars 12 months ago, meaning the price of a cup of joe has jumped …
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This Favorite Warren Buffet Metric Tells Us A Stock Market Crash Could Be Coming
By Matthew Frankel | Published August 1, 2018 © Getty Images Warren Buffet speaking to reporters Without question, Warren Buffett and the rest of Berkshire Hathaway‘s (BRK-A, BRK-B) investment team incorporate many different metrics when evaluating prospective companies to acquire and stocks to buy. However, Buffett himself has mentioned one specific metric as the best indicator of stock valuations, …
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