Market News

Paper gold is paper. An ETF is not gold, expert says

Market News | April 8, 2016
The surge of renewed interest in gold-linked ETFs has marked a sea change for the yellow metal in 2016, precious-metals analyst Steve St. Angelo confirmed in a recent post. After years of net outflows from gold ETFs, this changed in a big way in Q1 2016, he noted, when inflows surged to 363 metric tons…

Fed stays cautious as worst earnings season since the Great Recession looms

Investment | April 6, 2016
Global risks those two words encapsulated the gist of the minutes from the Federal Reserves March 15-16 meeting. And that’s ironic, given that U.S. GDP estimates continue to tumble toward zero, suggesting clear and present dangers to the domestic economy. It was at this March meeting that the central bank left interest rates unchanged and…

Gold bolts higher after U.S. GDP estimate crashes closer to zero

Market News | April 5, 2016
Gold once again defied the bears by bouncing back Tuesday on new signs that the U.S. economy is teetering on the edge of a recession. An early slide in oil prices also helped pressure stocks and sparked fresh flights into gold, especially after Federal Reserve chief Janet Yellen confirmed last week that earnings expectations have…

Trump warns of massive recession, but real threat may be 1970s-style stagflation

Investment | April 4, 2016
Republican presidential contender Donald Trump grabbed headlines again over the weekend by reiterating one of his campaigns central claims: that the U.S. is in a recession. Trump may have a point: The Atlanta Federal Reserves GDPNow forecasting tool has now fallen below 1%, to just 0.7%. Though not yet negative, U.S. growth seems to be…

Gold sales jump 45% at Austrian Mint thanks to negative rates

Market News | April 4, 2016
In the wake of a new analysis from the World Gold Council suggesting that golds price performance can double under negative interest rates comes a Bloomberg report showing a major mints bullion sales are booming. One reason given: negative rates. Austria’s mint, Muenze Oesterreich AG, which makes the popular gold Philharmonic coins, is reporting that…