3 Positive Chart Patterns for Precious Metals

3 Positive Chart Patterns for Precious Metals

Cryptocurrencies and other speculative investment vehicles have been in focus over the past several weeks because of their volatility and rising prices. Historically, the risk-seeking portion of the market would look to asset classes such as physical precious metals in times of uncertainty and/or heightened volatility, but due to an underlying downtrend, it appears as though recent developments in this area are going unnoticed. In this article, we take a closer look at the charts…

Gold Was Chemically Destined To Be Money All Along

Gold Was Chemically Destined To Be Money All Along

I think most of you reading this right now are aware that gold is unlike any other metal, certainly any other element. It doesn’t play by the same rules as iron or tin or aluminum, and its value has nothing to do with its utility — or lack thereof. People valued the yellow metal for its beauty and malleability eons before they knew of its usefulness in conducting electricity or its chemical inertness. That gold…

North Korea Threats Raise Gold Demand

North Korea Threats Raise Gold Demand

Mounting hostility between North Korea and President Trump has shaken the markets. This week, gold hit two month record highs, gaining $40 in just two days. This gold uptick began earlier this week when the UN Security Council imposed new sanctions on North Korea, with the intention of hurting their economy, thus limiting the funding of their nuclear programs. This tactic has not worked in the past, and this time around the situation escalated. At…

Moscow And Beijing Join Forces To Bypass US Dollar In Global Markets, Shift To Gold Trade

Moscow And Beijing Join Forces To Bypass US Dollar In Global Markets, Shift To Gold Trade

The Russian central bank opened its first overseas office in Beijing on March 14, marking a step forward in forging a Beijing-Moscow alliance to bypass the US dollar in the global monetary system, and to phase-in a gold-backed standard of trade. According to the South China Morning Post the new office was part of agreements made between the two neighbors “to seek stronger economic ties” since the West brought in sanctions against Russia over the…

Silver Investment: Outperformed Gold In This Major Sector

Silver Investment: Outperformed Gold In This Major Sector

Precious metals investors may not be aware, but silver investment has seriously outperformed gold in this major market sector. Even though precious metals sentiment and sales are currently lower than they were over the past several years, this is only temporary pause before the market surges as the highly inflated stock market finally cracks and plunges lower.

Most Precious Of Precious Metals

Most Precious Of Precious Metals

All our portfolios are highly diversified and we consider precious metals a key part of that strategy. For the past 46 years, gold, the most famous precious metal, shows absolutely no monthly correlation to the S&P 500 or the 10-year government Treasury bond. That is the definition of true non-correlated asset classes. Why pick 46 years? Because in August 1971, President Nixon allowed citizens once again to hold gold (officially confiscated by FDR during the…

Gold Miner’s $190 Billion Tax Bill Would Take Centuries to Pay

Gold Miner’s $190 Billion Tax Bill Would Take Centuries to Pay

Tanzania sent Acacia Mining Plc a tax bill equal to almost two centuries worth of the gold producer’s revenue. The government issued the company, which mines all of its gold in the African country, with a $40 billion tax bill and another $150 billion in interest and penalties, Acacia said in a statement Monday. The charge covers alleged under-declared export revenues from the Bulyanhulu and Buzwagi mines over periods between 2000 and 2017.

Gold Aims for a Second-Straight Weekly Gain

Gold Aims for a Second-Straight Weekly Gain

Gold prices climbed Friday, ready to tally a second-straight weekly gain, as well as their highest settlement in a month, as the dollar remained under pressure against the euro, boosting investment demand for the metal, which is pegged to greenback. August gold rose $5.70, or 0.5%, to $1,251.20 an ounce. A settlement around that level would be the highest since June 23, according to FactSet data. Prices were looking at a weekly gain of 2%,…