Market News

Gold could zoom back up to $1,500, DeCarley Trading says via Jim Cramer

Market News | February 18, 2016
Love him or hate him, CNBC Mad Money star Jim Cramer recently delivered a masterful explication of the current bullish case for gold. The case he outlines comes mainly from an associate of his, technical analyst Carley Garner of DeCarley Trading. Although some of Cramers critics say his endorsement of the yellow metal is a…

Gold leaps higher as OECD, Moodys warn of global slowdown

Market News | February 18, 2016
Just when some analysts were calling an end to golds resurgence, the yellow metal reversed and moved sharply higher Thursday as stocks stumbled and two major agencies warned that the global economy is on the skids. A grim earnings forecast from Walmart and another negative Philly Fed manufacturing survey rained on the Dows parade Thursday,…

Gold longs get the green light as Fed minutes see downside risks

Market News | February 17, 2016
After last weeks meteoric rocket launch above $1,260, gold prices not unexpectedly pulled back this week as traders took profits. However, after dipping below $1,200, the yellow metal firmed once again Wednesday as the Federal Reserves latest minutes reflected a cautious outlook. Rebounding from a three-day slide, gold topped $1,210 and was trading near $1,210…

Golds rebirth full of surprises: Bearish bank predicts $1,300, while billionaire misses big rally

Gold | February 17, 2016
Even the gods of Wall Street make mistakes every now and then. For years now billionaire John Paulson, who made his fortune during the subprime crisis, has been the single largest stakeholder of the biggest gold-linked ETF through his firm Paulson & Co. Paulson has taken a lot of heat from the financial media for…

Kill the $100 bill: More proof gold-bullish negative rates could be coming

Gold | February 16, 2016
Everywhere you look, talk is growing about negative interest rates, the next insane scheme dreamed up by central bankers that picks up where quantitative easing (QE) left off. Well, more than $12 trillion later, QE has proven to be a failure. Stock markets around the world are deep in bear territory, and growth is anemic…