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Is Gold Gearing Up for a Breakout? Technical and Geopolitical Factors Align
Friday, April 21, 2023 - 7:49am | 700As gold hovers around the psychologically significant $2,000 price level, an exciting technical indicator seems to be emerging, signaling a potential upside for the precious metal. A bullish pattern known as the "cup and handle'' may be forming on gold's price chart, potentially...
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Is the Gold Standard Coming Back in Texas? Legislators Propose Gold-Backed Digital Currency
Friday, April 7, 2023 - 8:03am | 1003The gold standard as it existed under the Bretton Woods system until 1971 is likely never coming back. There are a myriad of reasons for this but the most important lie with the US government’s ability to control the economy. Under the gold standard, the government no longer has the tools it...
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What the Slowing Job Market Means for Gold and Silver
Wednesday, April 5, 2023 - 8:18am | 693The U.S. job market is showing signs of slowing down as indicated by the Treasury Department’s Tuesday morning's Job Openings and Labor Turnover Survey (JOLT) report. According to the report, job openings in February dropped by 630,000 to 9.9 million from 10.56 million in January. This...
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Will Deutsche Bank be the Next to Fall? Worried Investors Are Already Turning to Gold
Wednesday, March 29, 2023 - 7:34am | 836After Silicon Valley Bank became the second-largest bank of all time to fail, investors and analysts across the world have been sounding alarm bells. Some fear that the entire banking system is still at risk, but many think that the Treasury Department’s decision to bail out depositors was...
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Investing in Fear: Why the Fed Rate Hike Has Investors Turning to Gold and Silver for Security and Profit
Tuesday, March 28, 2023 - 8:53am | 723Few analysts and investors were surprised when the Federal Reserve raised interest rates by another 25 basis points. While the decision to hike rates comes as no surprise, it has already stirred up debate among financial experts. Some argue that the move is a necessary step to combat inflation,...
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The Perfect Storm: Interest Rate Hike, Inflation and Banking Crisis Send Gold Prices Above $2,000
Tuesday, March 28, 2023 - 7:41am | 685Gold is a popular safe-haven asset and hedge against market uncertainty, so it wasn’t much of a surprise when gold prices started to rise following each of this month’s major economic crises. The extent of this push was surprising to some investors who dismissed gold’s use as a...
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3 Things You'll Want to Own If the Sh*t Hits the Fan
Tuesday, March 21, 2023 - 12:08pm | 937As the world watches with trepidation the recent string of bank runs, liquidity crises and outright failures sparked by the collapse of Silicon Valley Bank and Signature Bank, many are considering where this crisis will lead. The global banking system is surely in hot-water at the moment, but...
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The Greatest Hedge Fund Manager of All Time Says to Get Your Kids This to Get Them Started Investing
Tuesday, March 14, 2023 - 7:49am | 545Looking for the perfect way to get your kids or grandkids on the path of smart investing? Ray Dalio, the legendary hedge fund manager, has shared that he gives his kids and grandkids gold coins as gifts to start them on their investment journey. Dalio founded Bridgewater Associates, the largest...
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Here's Why Investors are Turning to Gold and Silver After Silicon Valley Bank and Signature Bank FDIC Backstop
Monday, March 13, 2023 - 12:45pm | 540Global financial markets started to panic last week after Silicon Valley Bank — SVB Financial Group (NASDAQ: SIVB) — the 16th largest bank in the U.S. with over $200 billion in assets under management, collapsed on Friday, March 10, 2023. It was the second-largest bank in history to...
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The Race is On: When Will the World Run Out of Gold?
Monday, March 6, 2023 - 4:14pm | 325Gold is famous for its rarity and that likely won’t change any time soon. In fact, the global demand for gold hit a decade peak in 2022 while its supply continues its nearly 7-year plateau. So gold is in high demand, but will it run out any time soon? The Earth has a limited amount of...
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Why Central Banks Drove Global Gold Demand to Decade High in 2022
Monday, March 6, 2023 - 4:08pm | 310Global gold demand rocketed to a new decade high in 2022 and it wasn’t retail buyers or investment firms driving the increase. It was the central banks. According to a report by the World Gold Council (WGC), central banks purchased the most gold since 1950 in 2022. It revealed that central...
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6 Reasons Gold Is Headed For A Major Bull Market...Soon
Tuesday, December 22, 2015 - 1:04pm | 1973The gold price has been trapped in a steady downtrend. So, why should an investor buy gold now? Because recent gold sector action looks like a bottoming process. And that means the market is ripe for reversal. As a market analyst, I’ve watched many off-the-radar trends that suggest the...