With the U.S. dollar continuing to struggle, today the top trends forecaster in the world issued a trend forecast for gold as the global economy falters.
Gerald Celente: For several days, gold prices fell on hawkish comments from a number of regional Federal Reserve Bank presidents signaling support for an interest-rate rise, pointing to a possible increase at the upcoming Federal Open Mar... read more
Despite the large commercial short positions, the price of gold and silver continue to remain firm. Today James Turk told King World News that the turnaround in the gold market is definitely because of shorts scrambling to cover.
James Turk: “They did it again, Eric. I can’t count the number of times the precious metals over the past several years have been smashed going into option exp... read more
Dear Friend of GATA and Gold:
Gold, Izabella Kaminska of the Financial Times asserts in a 12-minute video posted this month, is "our dangerous obsession," a "frivolous" thing, a "decadent luxury," "anti-social," "a wastage of human potential," a mechanism for "destabilizing society" with selfishness, used to "hoard" wealth by people who should entrust it to banks for investment in financial... read more
Gold futures snapped a three-session losing streak to settler higher Tuesday after Federal Reserve Chairwoman Janet Yellen stressed that the central bank will be cautious on any future interest rate hikes, quashing speculation that the Fed could raise rates as early as April.
June gold GCM6, +0.42% advanced $15.50, or 1.3%, to settle at $1,237.50 an ounce. The SPDR Gold Trust GLD, +1.85% a... read more
The Central Banks around the world are resorting to measures never before seen in history. For thousands of years, the ‘boom and bust cycles’ has been part of a natural reoccurring business economic cycle. The economy auto-corrects itself by punishing the excesses and rewarding prudence.
Nonetheless, since the last financial crisis, the Central Banks around the world have been attemptin... read more
Fund Manager Warns: “It’s Worse Than Bad” – We’re On The Cusp Of Global Economic Depression
Silver precipiceMarket intervention masquerades as a “bull” market until it the costume falls off. We are very close to this point of “undressing” and the consequences of the extreme moral hazard generated from seven years of monetary lasciviousness will make the 2008 housing coll... read more
Since the initial turmoil began with the onset of what is now referred to as “The great financial crisis.” One strategy has proven more profitable than any other. That strategy? Buy the Dip
Regardless of what proprietary advice (short of insider trading,) nothing, as well as, nobody has had a track record worthy of comparison. All one has needed to do is, whenever a selloff occurred (as... read more
"The rally you never sell"! This is a topic Jim and I have spoken of and just recently discussed in our latest recorded chat. This is also a topic very fitting to start off with for our "gold subscribers" because of where we are economically and financially on a global basis. Hopefully as you go through this missive, a light bulb will go on (if it has not already) and fully understand that... read more
