Central banks are loading up on gold … This has been a great year for gold. The precious metal is up 19%, and recently crossed $1,300 per ounce for the first time in 15 months before pulling back into the $1,265 area. – Yahoo, Business Insider
Yesterday, we wrote about two simple, powerful factors boosting gold.
First, the equity “bull” market is at least seven years old no... read more
The gold debate is usually conducted between global monetary elites who disparage gold and so-called “gold bugs” who stack coins in their basements awaiting the end of the world. Both sides go too far.
But what happens when a bona fide member of the elite endorses gold? That’s an earthquake, and it just happened!
Kenneth Rogoff, Harvard professor, chess grandmaster and author of t... read more
Battling an uncertain global economic environment, investors can’t seem to get enough of gold right now, and there’s little sign of that demand letting up.
That is the assessment from the World Gold Council’s Gold Demands Trends quarterly report, released on Thursday. It showed gold demand rose 21% to 1,290 tonnes in the first quarter of the year against the year-ago period, marking th... read more
Billionaire hedge fund manager Paul Singer said that gold’s best quarter in 30 years is probably just the beginning of a rebound as global investors -- including Stan Druckenmiller -- weigh the ramifications of unprecedented monetary easing on inflation.
“It makes a great deal of sense to own gold. Other investors may be finally starting to agree,” Singer wrote in an April 28 letter to... read more
With gold and silver consolidating recent gains, today James Turk told King World News that the price of gold is being manhandled on the Comex, and he also discussed what is important for investors to be aware of in terms of how this will end.
James Turk: “What we have seen over the past week in the way gold has been manhandled on the Comex is truly astounding, Eric. The shorts piled on a... read more
Over the past year, based on his increasingly more dour media appearances, billionaire Carl Icahn had been getting progressively more bearish. At first, he was mostly pessimistic about junk bonds, saying last May that "what's even more dangerous than the actual stock market is the high yield market ." As the year progressed his pessimism become more acute and in December he said that the "melt... read more
Several days ago, hedge fund legend Stan Druckenmiller spoke at the Sohn Conference, delivering what may have been his most bearish fire and brimstone sermon yet, and in fact according to some buysiders who were present, its somber mood and lack of faux optimism was downright apocalyptic. And how can it not be when Druckenmiller said that while the Fed and policymakers have no endgame, markets... read more
On the heels of wild start to the 2016 trading year, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, just warned that the world is now at a major tipping point. He also discussed the action in the gold and silver markets.
Egon von Greyerz: “Charles Ponzi must be turning in his Grave! His pyramid scheme in 1920 guara... read more
Gold has enjoyed a spectacular beginning to 2016, and one widely followed commodities expert believes the metal could be on the verge of going much, much higher.
"I think it's still a bull market," said Dennis Gartman, editor of The Gartman Letter, Monday on CNBC's "Fast Money." He predicts gold could finish out the year 10 to 15 percent above current levels.
With gold hitting a 15-mo... read more
Gold has enjoyed a spectacular beginning to 2016, and one widely followed commodities expert believes the metal could be on the verge of going much, much higher.
"I think it's still a bull market," said Dennis Gartman, editor of The Gartman Letter, Monday on CNBC's "Fast Money." He predicts gold could finish out the year 10 to 15 percent above current levels.
With gold hitting a 15-mo... read more
