Market News

Fed juiced stocks into tremendous rally, ex-Dallas head admits

Market News | January 5, 2016

The carnage thats taken place in the Chinese stock markets has been blamed in large part on its government policies to prop up and rig markets. Its easy for Westerners to point fingers at the Chinese, but if what one former Federal Reserve policymaker recently said is true, the U.S. central banks post-crisis monetary engineering […]

Gold American Eagle coin sales soared 53% in 2015, Mint says

Market News | January 4, 2016

The U.S. Mints shattered record for sales of its silver American Eagle bullion coins was set on Dec. 15, at which point purchases to authorized wholesalers were halted. The all-time annual high for silver Eagles now stands at 47 million ounces, up almost 7% versus the 2014 record of more than 44 million. However, sales […]

Gold advanced in most major currencies in 2015

Market News | January 4, 2016

With gold finishing 2015 down about 10%, some mainstream media outlets are declaring bullion dead on arrival in 2016. But as Jason Hamlin of the GoldStockBull Web site points out, one only has to look beyond the U.S. dollar price of gold to see that the yellow metal still has a lot going for it, […]

Gold hits 2-week highs in 2016 debut on China, Mideast fears

Market News | January 4, 2016

Gold kicked off 2016 with its biggest one-day advance in a month, surging Monday by as much as 2% to two-week highs as a weakening Chinese economy shocked global stock markets and crude oil surged after Saudi Arabia cut ties with Iran. Chinas Caixin manufacturing data for December signaled a contraction in the worlds second-largest […]

GDP forecast slashed to 0.7%, while Dows debut a bad omen for 2016

Market News | January 4, 2016

Just when you thought the U.S. economy couldnt get much worse than the 1.3% GDP forecast issued by the Atlanta Federal Reserve in late December, it did: On Monday the same bank slashed its fourth-quarter estimate to 0.7%! The news couldnt come on a much grimmer day. After all, the Dow Jones Industrial Average got […]