Things haven’t been sound on the money front for a long time, and certainly not since the Fed was created and we left the gold standard. We developed quite a reputation for out timely warnings about the stock market last year (see here, here, and here.) What took place in stocks late in the year […]
We’ve Seen the Top of the Stock Market We’re flattered at the number of our clients and readers that have reached out to comment on our calling the top of the stock market last fall. And our repeated recommendation to ”take any stock market profits and move them into gold.” There’s an old saying that nobody rings a bell at the […]
Something’s in the Air- 11/19 Another Stock Market Sell-Off. The Drudge Report headline Thursday morning read, “STOCKS ERASE GAINS FOR YEAR; TRILLION WIPED OFF TECH; GOLDMAN: BOOST CASH. Another wave of selling in the stock market was no surprise to our readers. It’s been a rout in Nasdaq stocks. We have already pointed out the […]
Consumer Goods Prices are on the Rise President Trump says the Federal Reserve is “the biggest threat” to his presidency. He is afraid the Fed will create a new recession. “I think the Fed has gone crazy,” he said last week. The stock market is noticeably nervous about the Fed as well. But the Fed may […]
October 24, 2018: Investors hit by another DOW tumble as another 608 points are lost. – The stock market has given up all of its 2018 gains. – The Dow Industrials have already lost 7.1 percent of their value just this month. – The NASDAQ is currently having its worst month since November of 2008. […]
Sometimes I like to share the views of others, views that deserve serious consideration. One of those views is that the Federal Reserve is about ready to tank the stock market. Although there are some, not all of those who believe this think the Fed is about to drive a stake through the heart of […]
Gold to Silver Ratio Is Near 80, Signaling Time to Buy Silver Right now the gold to silver ratio is near 80 (hovering in the high 70s). Essentially, about 80 ounces of silver are equal in value to 1 ounce of gold. This is an unusually high ratio, and historically, it signals a buying opportunity […]
Gold Battled Headwinds Early in the week gold struggled against a rising dollar index. It managed to hold just above $1,300. Some muted geopolitical fears after North and South Korean peace talks continued to put the brakes on gold as well. There was also some sell-off, which pushed prices down further. On Wednesday though, gold prices […]
Gold Under Pressure from Rising Greenback This Week Precious metals were rallying early in the week, but faced some push back on Thursday. By Friday gold prices lifted again slightly and were sitting just over $1,320. Silver ended the week around $16.55. The resistance mid-week came from a rising dollar index. As it retreated again […]
The Price of Gold Relative to the Value of the Dollar – CHART This chart depicts the price of gold relative to the value of the dollar over the last 15 months. The price on the left is the movement in gold prices since January of last year until last month. The right side shows […]
Gold Hit Its Highest Close in 2 Years On Wednesday, gold hit its highest close in 2 years. Gold started the week at around $1,335, climbed to over $1,350 mid week, and settled around $1,345 by Friday. Silver finished the week just shy of $16.70. Silver looks poised for surge right now, in fact. Gold […]
This Week Gold Continued to Rally on Trade War Fear, Stocks Got Slammed The biggest news this week for the markets and gold was trade war fears. Gold continued to rally this week as China and the U.S. imposed and threatened new tariffs on each other. By Friday the Dow had fallen nearly 3%. The […]
Gold Is Looking More Bullish As Goldman Sachs Upgrades Gold Expectations to “Outperform” As the stock market teeters on correction mode, gold is looking more bullish. Goldman Sachs even upgraded gold outlook this week. The investment bank expects precious metals to “outperform” over the coming months. This is based partly on empirical data that shows […]
Gold Was Up and Down This Past Week After previously being quiet, gold was up and down this past week. However by Friday it was on pace for its biggest weekly gain in two years. It started the week just under $1,320 and rallied to $1,350 on Wednesday. Friday opened with gold still over the […]
Stock Market Has One of the Worst Weeks since 2008, But Gold Remains Quiet For Now Volatility was the word of the week. The Volatility Index went as high as 40 points Friday before closing around 30 (last week it was around 17). The volatility in the stock markets is becoming more pronounced, especially following last […]
7 Week High for Gold This Week We had a 7 week high for gold this week. Although Friday saw some pull back on profit taking, it was still a good week for gold. Gold finished out the week just short of $1,260, but climbed as high as $1,270 mid-week. It was not such a […]
Shining Week for Gold as Dollar Index Is at Year Low The dollar index is at year low this week. The last time it was this low was June of last year, and it’s currently in a two week losing streak. Gold was up all week, and closed the week just shy of the $1,270 […]
Quiet Mid-Week, But Gold Added on Last Week’s Gains With a rally this week, gold added on last week’s gains. The week opened at $1,234 and closed at $1,253. Silver opened the week at $16.15 and closed at $16.54. Although metals were trading fairly quietly during the middle of the week due to lack of […]
A Cryptocurrency Backed By Gold? Sure Makes Sense, Doesn’t It? Cryptocurrencies like bitcoin have experienced massive rallies recently as a possible, alternative safe haven investment. Are Gold and Cryptocurrency forming a New Relationship? Naturally, a cryptocurrency such as Bitcoin brings inherit fears of instability and raises questions from investors. This being mainly because the “currency” […]
Gold Prices Are Down Right Now – It’s a Prime Time to Buy When metals are low, it’s a perfect time to buy, and gold prices are down right now. This could be an important, new price bottom before the next rally. If you have been waiting for the right moment to get in, this […]
How Are Global Tensions Going to Affect Gold? Gold had some pull back at the start of the week, but closed out the week making back some gains. However, going forward, there are global tensions going to affect gold, most likely. Although lately gold has at times been fairly quiet on the volatility trade, there […]
Gold Retreats after Fed Raises Rates a Quarter Point This week gold retreated from its rally following the Fed announcement Wednesday that lifted rates a quarter point. Gold still looks safe long term, however, and made back some small gains Friday as the dollar index experienced some weakening. The dollar index strengthened Wednesday following the […]
Current Silver to Gold Ratio Represents Prime Buying Opportunity The current silver to gold ratio represents a prime buying opportunity. The silver to gold ratio represents the amount of ounces of silver that equates in price to an ounce of gold. It normally sits around 80 to 1, but is at 75 to 1 right […]
As Metals Continue to Perform, These Are the Market Rallying Events to Watch for Gold Precious metals continued their winning streak this week, and there are several market rallying events to watch for gold over the next year. Gold rose above $1,290 an ounce this week before pulling back slightly towards the end of the […]
11 Straight Record Closes, But This Market is Overvalued Despite 11 straight record closes, investors are starting to worry the market is overvalued. Investor pessimism is rising as they start to fear a correction is coming. Friday marked the first record 11-day win streak for the Dow Jones since 1987. In 1987, the Dow Jones […]
Lessons from Hoover on Trade Policy: The Smoot-Hawley Tariff Act As the Trump administration starts enacting new policy, history can illuminate some valuable lessons from Hoover on trade policy and its implications. These implications could have especially relevant repercussions today. Trade has been an cornerstone of Trump’s campaign. This week he signed an executive order canceling the […]
“TRUMPFLATION” AND WHAT IT WILL MEAN FOR GOLD IN THE TRUMP ERA What does a Trump presidency mean for inflation, the markets, and your financial future? From what history tells and the President Elect has promised in his policy outlines, it will be debt, inflation, market collapse, and a potential trade war. While Mr. Trump promises […]
Stock Market Rally in Aftermath of Stunning Trump Win Donald Trump’s win Tuesday is seen as a victory over the political establishment and a return to conservatism. The news also triggered a triggered a massive stock market rally. In the long run though, the Trump win will likely mean inflation and debt down the road. As […]
Gold Has Shining Week After Fed Decision Not to Hike Rates Gold and silver both ended the week on highs after the Fed announced its decision not to raise interest rates. The metals had their greatest weekly advance since July. Stocks and bonds initially rallied after the Thursday announcement as well, before they experienced pull […]
Boris Johnson: Brexit Negotiations Could Begin Early 2017 Boris Johnson says Britain will begin Brexit talks soon. Johnson, the British Foreign Secretary and staunch “Leave” vote advocate told the Italian prime minister this week that Brexit talks could begin as soon as early 2017. Boris Johnson, the former mayor of London, campaigned heavily for Great […]
Massive Stock and Bond Sell Off Shake Markets on Interest Rate Prospect On Friday, the Dow and Nasdaq had their worst day since Brexit. The Dow was down nearly 400 points and had its third worst week overall year to date. An unexpected announcement from the Federal Reserve that hinted at an imminent interest rate hikes […]
Ben Bernanke Predicts Fed Won’t Raise Rates For months now investors have been expecting the Federal Reserve to raise interest rates. Events such as the May jobs report data, the June Brexit vote, and a lack of economic growth in Q2 have forced the Fed to continue to delay hiking rates. There is much […]
What the Gold Market Is Saying about Global Risk, Bank of England Rate Cuts, Japanese Stimulus Michael Preiss of Taurus Wealth Advisors believes the global economic outlook is recession and stagnation. In his analysis on CNBC he stated that the gold market can reveal much about the state of the economy. He points out that […]
Gold Prices End the Week High on U.S. Economy Growth Concerns and European Bank Stress Test Results Gold closed out July hitting two-week highs and seeing gains through Thursday and Friday to settle at $1350 by Friday close. The metal has entered a new bull market and is now up 26% for the year. There […]
Silver Hits 21 Month High This Week As Gold Lifts Silver prices soared along with gold through the week. By Thursday silver was at $18.76 hitting its highest mark in almost two years. During the last half of the week, the stock market recovered some of its losses. Both global stocks and U.S. stock indexes […]
What the Brexit Vote Means for Gold, Stocks, Currencies, and Banks On Thursday, Britain voted by 51.9% majority to leave the European Union. By Friday morning, the global markets – mostly poised for a “Remain” vote – were in chaos as the Brexit spurred a massive sell-off. This is a monumental event of which the […]
What the Brexit Vote Means for the European Union and the Future Britain holds a historic vote this Thursday – June 23rd – to determine whether they will remain in or leave the European Union. The question will be determined by referendum – a yes or no question decided by popular vote. What does it […]
Bleak Economic Jobs Data: U.S. Labor Force Adds Fewest Workers in Six Years The jobs data was more negative than even the most pessimistic growth projections, according to Bloomberg analysts. Average estimates put the number of jobs added to the U.S. labor force for May at 150,000. The reality was shockingly short at only 38,000 […]
The “Brexit” Politics and Their Impact on the Markets A few weeks ago we touched on the possibility of Great Britain voting to leave the European Union and what the impact of this move would be on gold and the markets. The referendum for the British exit – known most commonly as the “Brexit” – […]
Gold Price Hits $1,300 On Monday, gold spot price passed the $1300 mark for the first time in over a year. Gold is up now 22 percent for the year and is crushing stocks, bonds, and most other asset classes. Gold’s performance this year has been driven by a few different factors. The first was […]