Market News

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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