Market News

Indias gold imports rocket higher by 179% in December

Uncategorized | January 18, 2016

Any concerns that the biggest consumer of gold in the world alongside China had lost its appetite for the yellow metal have dissipated with news that Indias imports exploded higher in December. Indias trade deficit widened to the most since August as a 179% surge in gold shipments slowed an overall decline in imports, Bloomberg […]

Recession odds hit highest level since 2011 as JPMorgan slashes GDP forecast

Uncategorized | January 18, 2016

In the wake of news that the Atlanta Federal Reserves widely watched U.S. GDP forecasting model had slashed fourth-quarter growth to a mere 0.6%, now comes an even worse downgrade, this from one of the worlds largest banks. In the wake of dismal December retail-sales and other economic data, JPMorgan Chase has officially grown more […]

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

Uncategorized | January 15, 2016

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 […]

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

Uncategorized | January 13, 2016

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 […]

Global economy cant stomach 4 Fed rate hikes, ex-Treasury chief warns

Uncategorized | January 13, 2016

The Federal Reserves controversial decision to raise interest rates in December has generated its fair share of accolades as well as criticism. Fans of the move say the rate hike was long overdue, while foes say the central bank is tightening monetary policy at exactly the wrong time, just when the Chinese economy is slowing […]