Gold prices rose for a third straight session to settle at their highest level since mid-February as the dollar’s decline increased investors’ appetite for the precious metal. The metal’s near 2% gain in the previous session was triggered by sluggish U.S. retail sales data. There is a growing perception that the Federal Reserve is likely…
Gold prices rose for a third straight session to settle at their highest level since mid-February as the dollar’s decline increased investors’ appetite for the precious metal. The metal’s near 2% gain in the previous session was triggered by sluggish U.S. retail sales data. There is a growing perception that the Federal Reserve is likely…
The global demand for gold has dropped to the lowest level in 5 years in 2014, after the demand for gold bars and coins collapsed and the demand for jewelry also cooled down. That is what the World Gold Council (WGC) reported. In total the demand dropped by 3924 tons, which is 4 percent lower…
Looking for signs of a global recovery that will lead export growth? If so don’t look at China. Reuters reports China’s Annual Steel Consumption Drops for First Time in Three Decades. China’s apparent crude steel consumption fell for the first time in three decades in 2014, data from an industry association showed, a further indication of…
by Constantin Gurdgiev, TrueEconomics.Blogspot.in There is a scary, fully frightening presentation out there. Titled “The international monetary and financial system: Its Achilles heel and what to do about it” and authored by Claudio Borio of the Bank for International Settlements, it was delivered at the Institute for New Economic Thinking (INET) “2015 Annual Conference: Liberté, Égalité, Fragilité” Paris,…
Guidance for short term gold traders, gold’s technical, fundamental outlook and near term drivers Summary Gold’s 3 day rally drove it above major intermediate term resistance levels, opening the chance for more gains in coming days The uptrend weakened mid-Thursday as the USD simultaneously bottomed Likely near term fundamental and technical drivers for Friday and…
Two weeks ago, we brought you the story of Beijing Baoefung Technology which in many ways exemplifies everything that’s wrong (or right, depending on whether you, like Japan’s Economics Minister Akira Amari, have come to believe that bubbles are good) with today’s capital markets. The online video company’s shares posted a remarkable post-IPO run amid China’s red-hot…
QUESTION: At Stuttgart you said gold coins would be one asset people could use against the banks and that there is some seasonal high. Could you explain that a bit more in detail. Thank you. You deserved the standing ovation. ANSWER: Yes, for the individual you can buy gold coins that are familiar to people rather…
The economy is growing, the markets are up, stocks are flirting with record highs… The good times are back for investors it seems, but are they really? Investors have the wind at their back once again. Everything seems to be moving in the right direction and the global economy is doing great, with strong growth…
The costs and consequences of Greece exiting the Eurozone may well dwarf the financial losses triggered by Greece’s default. The term Jingle mail originated in the great popping of the housing bubble 2008-2011. It refers to defaulting homeowners mailing the keys to their house back to the lender, and it denotes the finality of default: it’s over. The…
