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Wednesday's "Earnings Beat" Makes This The Perfect "Bad-Market" Tech Stock

In last week’s Private Briefing report Our Experts Show You the Stocks to Pick in a ‘Stock-Picker’s Market’,” Money Map Press Chief Investment Strategist Keith Fitz-Gerald identified SanDisk Corp.(NasdaqGS: SNDK) as one of three stocks to buy in the face of the stock market sell-off.

And now we see why…

  • price of gold

  • Higher Gold Prices in 2014

    Gold prices today continue to bounce up and down based on speculative headlines.

    A possible U.S. attack on Syria, a possible quantitative easing (QE) taper by the U.S. Federal Reserve - these possibilities have meant daily volatility in the price of gold.

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  • The "Smart Money" Is Buying Hard-Hit Gold Stocks Now Thoughtful Investor Thanks to the crisis in Syria, gold prices have had a nice run lately. But now, with Wall Street in the middle of another "hate gold" campaign, is it time to buy or sell the yellow metal? This is what some of the world's top investors are doing...
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  • Why Gold Prices Are Up Today Investing in Gold 2014 Gold is down about 17% in 2013, but here's why gold prices are up today - and will continue their rise...

    On Monday, as gold inched toward $1,400 an ounce, bulls claimed the yellow metal was entering a third-quarter bull market - and Tuesday's gold-price gains helped it get there.

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  • Gold Price News Today

    Today the gold price seems to be taking a break from its recent run-up, but not before briefly pushing past the psychologically important $1,400 level.

    Following a 1.8% surge on Friday, gold prices hit $1,407 in trading in Asia early this morning (Monday) and then pulled back to $1,390 before settling at about $1,395 an ounce.

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  • Today's "Gold Convergence" Is Your Best Buy Signal Yet We've been recommending gold shares for months now, ever since prices collapsed in April. But timing's getting critical, because now the market is telling you gold is set to surge...

    The first piece of evidence hit my radar on August 1st, moments after Barrick Gold released its $8.7 billion "news." (More on that in a minute.)

    The Commitment of Traders report - perhaps the best leading indicator for gold prices - delivered the second piece of evidence: a staggering 70% spike in "red flag" futures trading. And the third and fourth pieces of evidence just arrived.

    But before we look at each of these events in detail, here's what you need to know:

    Any one of these indicators is bullish on its own. So when all four signals flash at once, please don't wait.

    A "Gold Convergence" like this hasn't happened in 12 years...
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  • Investing in Gold Mining Companies: Don't Ignore This Number Gold miner Q Gold mining stocks have likely bottomed, with gold prices stabilizing and miners reversing losses. Here’s how to find the best picks…

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  • What's Driving Gold Prices Today

    Gold prices today are still below $1,300 an ounce as traders in the United States and Europe continue to sell the precious metal.

    Western investors were the main driving force behind redemptions of nearly $19 billion in gold-backed ETFs in the second quarter of 2013.

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  • Experts Predict 30-Day Window for Gold We've been studying the resource markets - and gold in particular - for over 30 years. And have seen almost every cycle the yellow metal has gone through.

    One thing is certain in our opinion: International investors, central banks and corporations are all looking to buy gold... And these slow summer months are likely providing the best price.

    Asian investors, especially in China and India, are buying coins and bullion like mad. Sales are up 22% annually in China and 52% in India.

    Gold analyst Jim Willie put it best when he said: "The migration of gold from West to East is the grand story of the decade." They know, as our dear friend Richard Russell recently reminded us, that gold and international power still go hand in hand.

    Beyond the obvious demand, history is also on gold's side. Gold's movements are in line with historic trends, never mind what the no-nothing, hand-wringing Cassandras are saying.

    In fact, we believe this is a unique moment in history to get gold on the cheap, and take advantage of before the end of summer.

    Of course, the ongoing "tapering talk" from the Fed pushed gold down sharply. That's because if the Fed stops stimulating the economy, an inflationary outcome is unlikely, especially if it's combined with higher interest rates that boost the value of the dollar. That's bad for gold.

    What's more, there may be darker forces at work as well. There's a distinct possibility the gold market was manipulated [Editor's Note: here's who did it].

    Yet the bottom line is that nothing material changed to justify a $700 drop in gold prices from over $1,903 in 2011 to almost $1,200 earlier this month.

    In fact, this 36% fall is clearly...

    Read on to see the forecast for gold prices...
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  • 7 Reasons to be Bullish on Gold Gold bars small

    What's going on with gold prices?

    With the price of the yellow metal near two-year lows through much of 2013, some investors wonder whether the price decline will continue.

    Is this a bear market for gold or will it rebound?

    A new report from analysts at Incrementum AG in Liechtenstein says there are good reasons to be bullish on gold, which was trading Wednesday at about $1,252 an ounce.

    In fact, the report, titled "In Gold We Trust 2013," set a 12-month target for gold prices at $1,480 and a long-range target at $2,230.

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  • How to Invest in Gold: Tips from an Expert on the Yellow Metal Rule5

    With gold prices near two-year lows through much of 2013, a bargain-hunting Money Morning TV viewer asked us about how to invest in gold.

    Rick Rule, the founder and chairman of Sprott Global Resources Investments, provided the answers.

    Rule says he'd put a portion of the money into gold bullion and a portion into gold stocks.

    But he warns those unfamiliar with the sector should stick to what they know: If you're bullish on gold, buy gold, but realize gold stocks don't necessarily mirror the price of the yellow metal.

    Check out exactly how Rick Rule would invest $100,000 today in the yellow metal in the video below.

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  • Gold Prices Are Bargain for India's Consumers, But Problem for Government heart

    The last several months have been tough on gold prices, but gold bugs haven't lost their insatiable appetite for the yellow metal. With gold officially in a bear market, demand is surging at today's bargain prices.

    Gold demand is especially strong in India, where gold is the investment of choice among consumers. India's gold imports reached 162 tons in May, almost twice the average level.

    That's why last week the country - the world's biggest consumer of gold - increased the duty of gold imports for the second time in six months.

    The duty was boosted from 6% to 8% on gold ore, and from 5% to 7% on intermediate products
    in attempts to decelerate the accelerating gold demand. Bullion prices fell 0.25% to $1,399.36 an ounce following the move.

    Gold imports are one of the biggest contributors to India's mushrooming account deficit (which occurs when imports exceed exports). An increasing deficit affects the country's foreign exchange reserves and the value of its currency.

    Friday, the ruppe closed below the key 57 mark against the U.S. dollar for the first time in a year. The slide further casts a shadow on India's economy amid pricier imports and heightened inflationary risks.

    Policy makers in India have been attempting to reduce its deficit and improve finances as it faces possible rating downgrades. They hope the duty increase will help.

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  • Rick Rule Explains Falling Gold Prices Rule vid4

    The Federal Reserve and other central banks keep printing money. The U.S. stock market is soaring. And gold prices, after a brief recovery, have continued their plunge.

    Are these phenomena connected? We put the question to one of the world's foremost gold experts, Rick Rule, founder and chairman of Sprott Global Resources Investments.

    Listen to his explanation for falling gold prices in the following interview.

    And even as gold prices sink, mining costs have climbed. If gold prices keep falling, miners could take "fairly drastic measures" to remain profitable, according to Rule.

    Check out Rule's analysis in the accompanying video.

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  • Asia's Love Affair with Investing in Gold Continues golden jewel dragonfly

    One megatrend continues on its path, unperturbed, with no end in sight: The East's huge push for investing in gold.

    This was discussed in a recent Money Morning article on the "Love Trade" in gold by guest writer Frank Holmes of U.S. Global Investors.

    Wall Street, never enamored with investing in gold in the first place, still leads the charge to sell the precious metal at every opportunity.

    Meanwhile, Asians - led by India and China - pick up as much of the shiny metal as they can every time the price is pushed lower by Wall Street selling.

    Just look at what happened when gold prices hit a two-year low in mid-April thanks to huge short sales in the futures market. This set off a buying frenzy in Asia for gold, according to the World Gold Council (WGC).

    The WGC says Asian gold demand in the current second quarter is expected to hit a record high. The Council expects Indian gold imports to be between 350 and 400 tons in the quarter, up 200% from a year earlier and nearly half of 2012's total gold imports!

    Its managing director, Marcus Grubb, said net imports of gold into China in April alone were around 160-170 tons. Demand has continued apace since then, so the WGC believes demand could reach 880 tons this in China.

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  • With Gold Prices Down, Here's Where the Money is Flowing Gold grab small

    As pointed out in a recent article by Money Morning Global Resource Specialist Peter Krauth, there is something interesting happening with gold prices.

    Paper gold, controlled by Wall Street, is going down. But demand for physical gold all over the globe is going up every time that gold prices are down.

    That's not the only place divergences are occurring in the global gold market. A divergence can even be seen in the difference between Wall Street speculators and commercial interests in the paper gold market.

    The speculative momentum players continue piling on shorts, while commercial interests are following a path 180 degrees opposite.

    The question remains for those investors interested in gold as to who will be right in the end. The short-term Wall Street speculators or more long-term players?

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  • The Love Trade for Gold is Still On! Frank Holmes explains why traditions in China and India will continue to boost the demand for gold. It’s called the “Love Trade”. To continue reading, please click here... Read More...