
This is an exciting time for gold.
After another annual loss in 2015, its fourth year in a row, the precious metal has plotted a new course, one that has ferried it to the lead position among all other major asset classes in 2016.
By Frank Holmes, Guest Writer, Money Morning -
This is an exciting time for gold.
After another annual loss in 2015, its fourth year in a row, the precious metal has plotted a new course, one that has ferried it to the lead position among all other major asset classes in 2016.
Here's why investing in gold is one of the best moves to make now...
By Frank Holmes, Guest Writer, Money Morning -
This is an exciting time for gold.
After another annual loss in 2015, its fourth year in a row, the precious metal has plotted a new course, one that has ferried it to the lead position among all other major asset classes in 2016.
Here's why investing in gold is one of the best moves to make now...
By Money Morning Staff Reports, Money Morning -
China and Russia have finally had enough of Western central bankers' clandestine gold market manipulation to prop up the U.S. dollar.
F. William Engdahl, an American-German economic researcher and best-selling geopolitical author, was quoted by business blog Sputnik on Aug. 16. He said that Russia, China, and other emerging economies are involved in & the genial move & to establish an entirely different gold market.
& They stand to add to the new energy surrounding a renaissance in gold as a support of solid, well-based currencies to replace the diluted and devalued dollar system...&
By Frank Holmes, Guest Writer, Money Morning -
The leveraged gold futures derivatives market is knocking down the precious metal, yet in massive contrast, this drop has ignited a shopping frenzy. American Gold Eagle sales reached 161,500 ounces in July, the highest monthly figure since April 2013.
With so much gloom and doom in the media surrounding gold prices right now, you might wonder why coin sales are soaring at multiyear highs.
By , Money Morning -
China is notable for its long-time affinity toward gold. For the past several years, it has consistently been one of the top two gold consumers worldwide. (India holds the title for No. 1 gold consumer - for now.)
China is also the world's largest gold producer. So it stands to reason that China would want to exert more influence over the gold market - and gold prices.
Here's how the Asian nation aims to do just that...
By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke -
Here’s why, plus what gold bugs can expect for gold prices the rest of 2014…
By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke -
Gold market news, July 30, 2014: On July 25, South Africa's Rand Refinery - the biggest processing facility for gold in Africa and one of the biggest worldwide - announced it will receive a shareholder loan to make up for "lost" 87,000 ounces (2.7 tons) of physical gold in its inventory. The press release describes what amounts to a $112 million loss at current gold prices, making this one of the strangest stories to hit the gold market in 2014.
This is incredibly embarrassing...
By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke -
The landscape of the gold market has been changing dramatically in the last decade in terms of the dominant gold-producing nations. For example, for nearly a century, South Africa held the top spot for gold production. But in 2008, China took over, and since then, South Africa has sunk down to the fifth spot.
This week marked another surprise for the top five…
By Frank Holmes, Guest Writer, Money Morning -
Last year China's private-sector demand for gold reached a record level of 1,132 tonnes, and according to the World Gold Council (WGC), the Asian nation could easily dominate the gold market once again, as they predict demand growing 20% by 2017.
This updated projection from the WGC confirms that China's love for the precious metal remains robust.
Here's what's driving China’s ever-growing hunger for gold...
By , Money Morning -
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...
By Tony Daltorio, Contributing Writer, Money Morning -
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.
To continue reading, please click here...
By , Money Morning -
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...
By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report -
The news is great at telling us what's happening. But understanding what's happening is what makes the difference between an average and a truly great investor.
Gold's crash on Monday is a perfect example.
The media fell all over itself talking about how gold was falling and how far it was off its highs. Yet few tied the devastating slide to real economic events let alone made the connection to actual trading.
But that's my bread and butter. And today I'm going to tell you what really happened and why.
Better yet, I'm going to tell you exactly how to play it...
By , Money Morning -
To continue reading, please click here....