Gold Steadies Ahead of Raft of Central Bank News

Gold Steadies Ahead of Raft of Central Bank News

U.S. Fed, Bank of England, Bank of Japan meet this week Trump to announce Fed chair, with Powell tipped for post Gold steadied on Monday as traders stayed on the sidelines before this week’s central bank meetings and policy news, including President Donald Trump’s expected announcement of the next Federal Reserve chair. The U.S. central bank kicks off a two-day policy meeting on Tuesday, while the Bank of Japan and Bank of England also meet…

Secret of Gold Finally Found: Precious Metals Are Forged in Cataclysmic Collision of Neutron Stars

Secret of Gold Finally Found: Precious Metals Are Forged in Cataclysmic Collision of Neutron Stars

The secret of creating gold has fascinated alchemists for thousands of years, but now scientists have finally solved the mystery. Precious metals are forged in the cataclysmic collision of neutron stars and then flung out into the universe where they eventually aggregate with other stardust into larger bodies, like planets or comets.

Fake Coin Companies Shut Down by SEC

Fake Coin Companies Shut Down by SEC

Last week, the Securities and Exchange Commission charged two precious metals offering schemes with defrauding investors. These two companies, REcoin and DRC World, are owned by businessman Maksim Zaslavsky. In a statement, the SEC accusing Zaslavsky of selling unregistered securities and coins that don’t exist to unsuspecting investors under these companies.

Time To Go For The Gold?

Time To Go For The Gold?

Since the beginning of 2017, gold has traded on an upward trend, with a high correlation to the Trump stock market rally. You may be surprised that in the eight worst stock market corrections since the early 1970s, gold is not always a “safe haven”. This article assesses the relative attractiveness of gold as an investment today to preserve portfolio value should a market correction occur. Many investors I have spoken with recently share a…

Gold’s Fear Trade Intensifies on Debt and Equity Risk

Gold’s Fear Trade Intensifies on Debt and Equity Risk

“For centuries, investors and savers have depended on gold in times of economic and political strife, and its investment case right now is as compelling as it’s ever been.” As I write this, gold is trading above US$1,330 an ounce after a strong rally that took the metal to its highest levels since August 2016. Tensions over North Korea, a weakening US dollar, political uncertainty in Washington, an overvalued US stock market, surging public and…

Precious Metals Are Going To Get A Lot More Precious

Precious Metals Are Going To Get A Lot More Precious

Gold led the charge to recent highs. A correction where the weak get weaker and the strong stay strong. Geopolitics favor precious metals. The path of least resistance for the dollar is supportive for the sector. The long-term trends support buying dips; hold your nose and ignore the naysayers. In their heyday of acceptance and utility, governments employed gold and silver as comfort for their paper currencies. While countries around the world abandoned their policies…

Gold Trades at Highest in a Year

Gold Trades at Highest in a Year

Gold continued its march higher Friday after striking a one-year closing high in the previous session as the dollar and U.S. Treasury yields skidded lower. The yellow metal gained, and was on track for a roughly 1.7% weekly gain for the most-active futures contract, as continued strength in the euro pushed the buck toward its worst week in more than three months.

Palladium Rally Is About More Than Just Autos

Palladium Rally Is About More Than Just Autos

Palladium has been on a tear this year. Its spot price increased 45 percent year on year in the first half of 2017, and it now trades at a 16-year high. Although the rally has largely been attributed to the strong demand from the automotive industry, there’s a geopolitical risk premium baked into the price.