Market News

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Gold climbs almost 2% as Fed rate hike increasingly resembles one of the great economic blunders

Investment, Market News |
In a theme that seems to be recurring this year, gold was one of the lone bright spots on Wall Street as stocks stumbled deeper into bear territory and key economic indicators are all but screaming a recession in the U.S. Gold rose by almost 2% on Friday, breaking the $1,090 barrier and trading near $1,089 early afternoon. We have had a good start to the year, with prices trying to consolidate into a higher ... >> Read More        
Sell everything and gold to $1,400: 5 financial forecasts from major players

Sell everything and gold to $1,400: 5 financial forecasts from major players

Investment, Market News |
Billionaire investor George Soros grabbed headlines last week when he warned that China has a major adjustment problem. I would say it amounts to a crisis. When I look at the financial markets there is a serious challenge which reminds me of the crisis we had in 2008. Not everyone thinks the current financial landscape is as bad as Soros was indicating, but given that hes worth about $27 billion and ran a hedge fund ... >> Read More        
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Gold could double if Chinas credit bubble gets messier, Marc Faber says

Investment, Market News |
With some analysts predicting that the gold price could fall near $1,000 later this year, especially if the Federal Reserve follows through on several interest-rates hikes, HSBC is going against the grain with a modestly bullish forecast. The safe-haven-inspired demand for gold rests on the interconnection between the state of the gold market and the financial markets of countries, the investment bank said in a recent research note highlighted on Bloomberg TV. Long-term structural arguments ... >> Read More        
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Gold retargets $1,100 as North Korean bomb test boosts safe-haven appeal

Gold, Investment, Market News |
Gold broke the $1,090 mark Wednesday to hit seven-week highs after North Koreas claim that it had tested a hydrogen bomb rattled global stock markets, as did news of another Chinese yuan devaluation. This is a fear trade, Michael Smith of T&K Futures & Options told Bloomberg, referring to golds rise after the Korean news. People are taking this one very seriously. The yellow metal reclaimed its 50-day moving average in a 1.5% advance and ... >> Read More        
Beru _1

Risks To The Economic And Financial Outlook For 2016: Complacency Will Be A Losing Strategy

Investment, Market News |
A familiar year-end ritual for economists, policymakers, and financial firms is to issue their forecasts for the year ahead. In reviewing these recent and often-voluminous projections, we are struck by the tight clustering of forecasts. Does this imply the risks to the outlook are low or that investors should stand pat? As management consultant John Masters once said: You have to recognize that every out front maneuver is going to be lonely. But if you ... >> Read More        
Rare Coin Market Looks Strong In 2016 And Beyond: Heres What To Collect

Rare Coin Market Looks Strong In 2016 And Beyond: Heres What To Collect

Market News, Rare Coins |
Lets look at some of the trends in the rare coin market in 2015 and consider what to concentrate on in 2016. Last year was an amazing year in the numismatic realm. Many high-end collections came to market and generated huge interest as well as dollars. As the highlight of the year, the D. Brent Pogue Collection took 35 years to amass and contained only 650 coins, but the presale estimate for the collection was ... >> Read More        
Bubble chasers buy Alibaba, while the super-wealthy load up on gold

Bubble chasers buy Alibaba, while the super-wealthy load up on gold

Investment, Market News |
What these super-wealthy investors are doing, when they’re not hoarding massive amounts of cash in anticipation of another stock-market crash, is buying the dips in gold. U.S. investors who do business in dollars are in an even better position to take advantage of this strategy. With the U.S. dollar strong, gold priced in greenbacks is especially cheap – fewer dollars therefore buy more ounces of gold. The latest snapshot of the world’s super-wealthy is out from RBC ... >> Read More