U.S. equities fell sharply on Wednesday as investors fretted over the latest news coming out of Washington.
"This is clearly Washington-driven," said Michael Shaoul, chairman and CEO of Marketfield Asset Management. "It's a lot like 1998-99, when the market had to deal with the [Monica] Lewinsky scandal."
The Dow Jones industrial average traded 250 points lower, with Goldman Sachs contributin... read more
Gold prices inched higher in European trade on Tuesday, trying for its fifth-straight winning session as signs of slowing economic activity in the U.S. saw investors temper expectations for more rate hikes by the Federal Reserve.
Comex gold futures rose around $5.00, or about 0.4%, to $1,235.10 a troy ounce by 2:50AM ET (06:50GMT). Meanwhile, spot gold was at $1,235.30
The yellow metal not... read more
With the Dow rallying along with crude oil, gold and silver, today John Embry spoke with King World News about the gold and silver markets and also warned that cracks are showing everywhere in the global financial system.
Light At The End Of The Tunnel
John Embry: “Eric, after a very difficult period for gold and silver proponents, I think there is finally light at the proverbial end... read more
* U.S. dollar falls, U.S. bond yields at one-week low
* Gold net long falls to six-week low
* Silver net long at its lowest since February 2016
(Updates prices, adds Johnson Matthey platinum forecast)
May 15 Gold rose as U.S. political turmoil, a
missile test by North Korea and a worldwide cyber attack fuelled
demand for safe-haven assets, while weaker than expected... read more
Pento says the Fed has interest rates so low right now that the central bank will not be able to cut them much when the economy gets into trouble again. Pento predicts that the Fed will be forced to print money to bail out the banks and the economy and drop so-called “Helicopter Money,” which will tank the buying power of the dollar and cause big inflation.