Market News

Why gold? Because in a money-market fund, your money will double in 6,000 years

Gold | February 24, 2016
Does the case for gold in a world of negative interest rates need to be spelled out further? Contrarian economist Marc Faber did so recently in a Bloomberg interview, saying, Leave a million dollars with a bank, and in a year you get only something like $990,000 back. I would rather want to own some…

Deadly accurate gold forecaster says price could run as high as $1,400

Market News | February 24, 2016
Gold soared again Wednesday after two heavy doses of bad economic news coldcocked the U.S. outlook. First off, although the U.S. services sector has been hailed as a bright spot in the economy, the latest PMI survey showed otherwise: It collapsed to 49.8, well below expectations of 53.5. The decline signaled the weakest service-sector performance…

Golden cross signals bullions potential breakout higher

Market News | February 23, 2016
Another down day for oil and stocks, another up day for gold and silver prices. Gold rebounded from Mondays 2% dip after Saudi Arabias oil minister ruled out any imminent production cuts, slamming oil prices by almost 5%. The announcement also was a drag on stocks, with the Dow Jones, S&P 500, and Nasdaq indexes…

Gold Brasher Doubloon creator still making numismatic headlines centuries later

Market News | February 23, 2016
It seems almost like yesterday that Blanchard and Company made numismatic history by placing the famed Brasher Doubloon for a record $7.395 million with a Wall Street investment firm. The coin, dated 1787, was graded AU50 by PCGS and has a green CAC sticker. At the time of the transaction, December 2011, CAC founder and…

Were already in a recession, billionaire warns ahead of GDP report

Market News | February 22, 2016
On Friday the U.S. Commerce Department will issue its GDP estimate for the fourth quarter of 2015. Analysts are predicting that the growth rate will come in at 0.4%, down from a preliminary estimate of 0.7% reported in January. Arguing that U.S. growth is picking up in 2016, optimists point to the Atlanta Federal Reserves…