Market News

Gold, silver still top of the 2016 heap as Greenspan warns of huge unknowns

Gold, silver still top of the 2016 heap as Greenspan warns of huge unknowns

Gold, Market News |
February is over, and gold and silver once again have proven their mettle as some of the best investments so far in 2016. Gold gained more than 10% in February to rack up a roughly 17% advance for the year so far until Tuesdays profit-taking pullback. That was its best monthly performance since 2012. Silver, meanwhile, rose by more than 4% in February and has yielded an 8% increase in 2016. Gold has been the ... >> Read More        
Gold logs best month since 2012, gets major push from Deutsche Bank, Citi

Gold logs best month since 2012, gets major push from Deutsche Bank, Citi

Gold, Market News |
Gold stumbled Friday after the fourth-quarter U.S. GDP estimate surprised to the upside, but it just logged its best month since at least 2012. Gold is up about up 9% in February alone, and volumes on the biggest futures exchange, the Comex, jumped to their highest level ever confirming that investor interest is massive. Gold-silver ratio soars: The gold-silver ratio also has zoomed above 80, its highest level since at least 2008, suggesting either a ... >> Read More        
Why gold? Because in a money-market fund, your money will double in 6,000 years

Why gold? Because in a money-market fund, your money will double in 6,000 years

Gold, Market News |
Does the case for gold in a world of negative interest rates need to be spelled out further? Contrarian economist Marc Faber did so recently in a Bloomberg interview, saying, Leave a million dollars with a bank, and in a year you get only something like $990,000 back. I would rather want to own some solid currency, in other words gold. Now a new CNBC story confirms that even bedrock money-market accounts are at risk ... >> Read More        
Golds rebirth full of surprises: Bearish bank predicts $1,300, while billionaire misses big rally

Golds rebirth full of surprises: Bearish bank predicts $1,300, while billionaire misses big rally

Gold, Market News |
Even the gods of Wall Street make mistakes every now and then. For years now billionaire John Paulson, who made his fortune during the subprime crisis, has been the single largest stakeholder of the biggest gold-linked ETF through his firm Paulson & Co. Paulson has taken a lot of heat from the financial media for largely sticking with gold during the corrective period that started after the metals price peaked in 2011. But recent regulatory ... >> Read More        
Kill the $100 bill: More proof gold-bullish negative rates could be coming

Kill the $100 bill: More proof gold-bullish negative rates could be coming

Gold, Market News |
Everywhere you look, talk is growing about negative interest rates, the next insane scheme dreamed up by central bankers that picks up where quantitative easing (QE) left off. Well, more than $12 trillion later, QE has proven to be a failure. Stock markets around the world are deep in bear territory, and growth is anemic at beast. Danger signs flashing for global economy, years after crisis, The Associated Press just reported. A few desperate central ... >> Read More        
Chart -breakoutgoldrallies

Gold logs best week since financial crisis with 7% gain as forecasters target $1,300 and higher

Gold, Market News |
Gold on Friday pulled back from Thursdays monster $53 gain but still logged its biggest weekly move since the financial crisis in 2008. Tempered by a positive U.S. retail-sales report and a rebound in stocks and oil prices, gold lost about 1%, falling near $1,237 by midday. Nevertheless, the yellow metal booked a more than 7% rise for the week, its largest advance since December 2008. Biggest inflows since 2010: A new analysis by Bank ... >> Read More        
Gold near 4-month highs as Citi warns of death spiral in global economy

Gold near 4-month highs as Citi warns of death spiral in global economy

Gold, Market News |
Gold roared above key technical resistance Wednesday and kept moving higher Thursday and Friday, breaking above $1,160 to target four-month highs. While gold was logging its best weekly performance since August, stocks fell again, underscoring a new stark warning on the global economy issued by Citi. The world appears to be trapped in a circular reference death spiral, Citi strategists led by Jonathan Stubbs wrote Thursday. Stronger U.S. dollar, weaker oil/commodity prices, weaker world trade/petrodollar ... >> Read More        
Gold prices are biased higher as Asian demand converges with the Wests

Gold prices are biased higher as Asian demand converges with the Wests

Gold, Market News |
According to some metrics China lost its crown as the worlds No. 1 gold consumer to India a couple of years ago, but get ready for the tables to turn once more, says the China Gold Association. Why? Because Chinas demand is increasing while production in the worlds top gold-mining nation is dropping. Looking back at 2015, the association found that Chinas gold-mining output fell for the first time in its history even as consumption ... >> Read More        
Gold a buy and the dollar is wildly overowned, says Barrons Roundtable expert

Gold a buy and the dollar is wildly overowned, says Barrons Roundtable expert

Gold, Market News |
The architect of the quantitative-easing and zero-interest-rate policies that helped send gold to all-time nominal highs in 2011 is now all but calling a top in the U.S. dollar, the primary strength of which has been a major headwind for the yellow metal in recent years. Much of the appreciation in the dollar may have already happened we may not see much more, former Federal Reserve Chairman Ben Bernanke told a financial conference in Hong ... >> Read More        
Gold glides, stocks slide as Citigroup declares safe-haven rationale is back in vogue

Gold glides, stocks slide as Citigroup declares safe-haven rationale is back in vogue

Gold, Market News |
Gold ripped higher Wednesday to hit two-week highs as falling oil prices sent Asian markets and then U.S. equities into a fresh tailspin. Given the growing global turmoil, Citigroup has now substantially raised its forecast for bullion prices this year. Having bounced higher off the 50-day moving-average 3 days ago, gold has surged back above $1,100 this morning, pushing back above the crucial 100-day moving-average, Zero Hedge reported. Silver has also broken above its 50-day ... >> Read More