Gold prices climbed Wednesday for a fifth-straight session as geopolitical uncertainty ahead of European elections pushed the metal to its highest price in about three months.
Holdings in the SPDR Gold Shares ETF rose 8.3 tonnes to 827 tonnes as of Tuesday, the highest since Dec. 20.
Bullion was last up at $1,242.20 an ounce, after hitting $1,245.40 earlier in the day. This means that,... read more
Here we go again, this problem will not go away and nor will it as all that was done for the 2008 financial crises was a paper over or giant bandaid with a festering implosion mounting beneath the surface. It's not a matter of time, It is simply just when.
Today We posted many stories on Central Bankers and Banks trying to hold off the crises issue which they keep kicking down the road. Wi... read more
Get Ready for Gold to Surge in 2017 by Matt Smith of TheMotleyFool.com on 2/7/2017
Matt Smith of the well known Motley Fool website outline's the reason's why Gold and Silver could move up much much higher from here in 2017. With a banking crises and political upheaval looming ever larger it's no wonder Gold and Silver are on a great start for 2017.
The Fed at this point seem's directionle... read more
Today King World News is pleased to be the first news outlet in the world reporting that hedge fund legend Stanley Druckenmiller, who now manages his own $4.7 billion fortune, just bought back his entire gold position after selling it on the night of Trump’s victory as President of the United States.
Hedge fund legend Stanley Druckenmiller, who oversees his $4.7 billion fortune, is lon... read more
* Expectations for near-term U.S. rate hike dim
* Speculators raise net long position in gold in week to
Jan. 31
* SPDR Gold holdings rose 0.4 pct on Friday
(Adds comment, updates prices)
By Sethuraman N R
Feb 6 Gold prices edged up on Monday, gaining
for a third day, on technical buying and a weaker dollar after
mixed U.S. jobs data late last week muted expectations... read more
If bond yields and gold rise in tandem, the market may turn the opposite way. At least, that's what historic parallels suggest.
Higher gold prices paired with rising bond yields is one trend to watch to signal impending market volatility, according to a new report from Bank of America Merrill Lynch. Both the stock market crash of 1973-1974 and Black Monday in October 1987 were preceded by t... read more
Central banks are stuck in a permanent cycle of low interest rates and money printing that bond guru Bill Gross said eventually will blow up.
In his monthly newsletter for clients, the Janus Capital portfolio manager again railed against policies from the Federal Reserve and its counterparts around the world that he said have inflated asset prices but have done little to boost economic growt... read more
Bill Gross, the billionaire bond investor, says President Donald Trump’s policies are fueling a strong dollar and an undervalued peso that are bad for the U.S. and global economy.
“I think the dollar is a concern,” Gross, who manages the $1.8 billion Janus Global Unconstrained Bond Fund, said in a Bloomberg TV interview Wednesday. “It is the global currency. To the extent that the doll... read more
James Rickards sees threats in many places. In his latest book, “The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis,” he paints a picture of how that crisis will unfold. He argues that rather than pumping the financial system with liquidity, as happened in 2008, “elites” will freeze the financial plumbing until the crisis has passed.
That means banks wil... read more
