Hedge Funds Jump on Gold for Life Raft

Hedge Funds Jump on Gold for Life Raft

There’s no stopping the gold bulls. Hedge funds increased their wagers on a gold rally to the highest since November, betting that this year’s 11 percent advance has more to go. Investors are also loading up on the metal through exchange-traded products, pouring $487 million into SPDR Gold Shares on Wednesday. That was the biggest daily inflow into the world’s top bullion ETF in seven months.

Gold’s Top Forecaster Says Prices May Hit $1,350 by Year-End

Gold’s Top Forecaster Says Prices May Hit $1,350 by Year-End

Gold will end the year higher, spurred by faster inflation and political tensions in Russia, Syria and North Korea, according to Intesa Sanpaolo SpA, the best forecaster for the metal last quarter. Prices could take a v-shaped path this year, with a swoon coming mid-year as the Federal Reserve raises U.S. interest rates, said Daniela Corsini, an analyst at the bank. Gold will likely bounce back by year-end, reaching a high of $1,350 an ounce…

Gold: Crystal Clear

Gold: Crystal Clear

Gold has rallied strongly by 2.5% so far this week amid a broad-based rally across the precious metals (excluding palladium) as a result of a strong sell-off in the dollar and a decline in US real rates, triggered by: 1) a surge in risk aversion on the back of intensifying geopolitical tensions; and 2) Trump’s rhetoric on the dollar and interest rates in a Wall Street interview.

Gold, Silver Prices Rally After Trump Calls Dollar ‘Too Strong’

Gold, Silver Prices Rally After Trump Calls Dollar ‘Too Strong’

Gold and silver prices rallied Thursday, bolstered as the U.S. dollar fell after U.S. President Donald Trump said the currency has been trading at “too strong” of a level. June gold advanced by $7.10, or 0.6%, to $1,285.20 an ounce, with prices holding ground at their highest levels since early November. Silver for May delivery climbed 17 cents, or 0.9%, to $18.47 an ounce, poised to settle at its highest level since early March.

Gold Rallies to 5-month Highs as Investors Focus on Geopolitics

Gold Rallies to 5-month Highs as Investors Focus on Geopolitics

Gold prices rallied on Tuesday to their highest levels in about five months as investors grew jittery over the impending French presidential election as well as U.S. relations with Russia and North Korea. June gold gained $7.90, or 0.6% at $1,261.60 an ounce — trading above its 200-day moving average of $1,260.65, which suggests positive momentum building in the yellow metal, if it closes above that level.

What Are Our Stable Money Alternatives?

What Are Our Stable Money Alternatives?

Let’s say that you wanted a currency that was stable in value — one that did not go up or down in value. This is good, because then you don’t molest the economy with the various distortions that happen when currencies go up and down in value. By doing so, you explicitly abandon all the many funny money ambitions that involve, one way or another, purposefully manipulating an economy with a currency that is unstable…

Big Boost for Platinum as World’s Mayors Tackle Urban Air Pollution

Big Boost for Platinum as World’s Mayors Tackle Urban Air Pollution

The plans of the mayors of the world’s biggest cities to tackle urban air pollution head-on are a major plus for platinum, which catalyses the exhaust systems of vehicles and is the key metal in the emergence of emission-destroying fuel cells. The clean-air programme is being spearheaded by C40 Cities Climate Leadership Group, which connects more than 90 of the world’s greatest cities, representing 650-million-plus people and a quarter of the global economy.

The Legendary Dexter Specimen of the 1804 Dollar Sold $3,290,000

The Legendary Dexter Specimen of the 1804 Dollar Sold $3,290,000

Lot Description The Legendary Dexter Specimen of the 1804 Dollar Discovered in Germany in 1884 Class I, Original 1804 Draped Bust Silver Dollar. Class I Original. Bowers Borckardt-304. Rarity-7. Proof-65 (PCGS). “There is no other coin in the United States series which has such a widespread and acknowledged great value and rarity, or which adds so much numismatic glory to a collection, as the King of American rarities — the 1804 dollar.” —Henry Chapman, 1885…