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After a welcome breakout from a 2-week trading range, a summer rally for the precious metals sector continues to gain strength even as the global equity market stumbles. The recent plunge in U.S. small cap stocks is a reflection of the internal weakness plaguing equities; it’s also one ...
Investors should adjust their portfolios to emphasize gold and commodities and reduce their holdings of stocks and bonds. We believe the future performance of bonds over the next decade is likely to be in the low single digits and the benefits of declining interest rates are diminishing. The...
Gold bars fraudulently stamped with the logos of major refineries are being inserted into the global market to launder smuggled or illegal gold, Reuters reports, citing refining and banking executives. More news on: SPDR Gold Trust ETF, iShares Gold Trust ETF, Sprott Physical Gold Trust,...
Gold has picked up where it left off on Friday. The safe-haven metal has spiked $20 higher above $1,550 in early Asian trading. It is now near the top-end of the short-term trend channel and the RSI is overbought, but the fundamental drivers of the price advance appear to be accelerating. Si...
Editor's Note: The summary bullets for this article were chosen by Seeking Alpha Read more ...
Intense Price Action The price action was pretty intense last week, most of it on Friday. The statement by President Trump, not to mention Fed Chairman Powell's hint of further rate cuts, impelled people to buy gold and silver, whose prices went up $14 and $0.29. 10-year treasury note y...
Friday, August 23, was a wild day in markets, which many market participants had expected. However, the price volatility came from an unexpected source. Fed Chairman Jerome Powell gave a speech at the central bank's annual retreat at Jackson Hole, Wyoming. The address, as well as interviews wi...
Preamble Investors and speculators alike awaited with bated breath for the latest meeting of the central bankers to be concluded. Given a less than positive economic future the bankers are looking to more financial stimuli in an attempt to cushion the upcoming recession. Some news ou...
Introduction Before discussing gold ( GLD ) and the above pyramid, a few comments to set the scene are in order. Whether as physical bullion or via a fund such as GLD (there are many alternatives to it) is more than anything else "money of the mind," in Jim Grant's phraseology . (Grant ha...
By John Corcoran, Senior Client Portfolio Manager The changing dynamics in the market and economy have fared well for gold and precious metals. Gold and precious metals mining equities - as represented by the Philadelphia Gold and Silver Index ((XAU)) - are performing solidly in 2019...