Market News

Gold retargets $1,100 as North Korean bomb test boosts safe-haven appeal

Gold | January 6, 2016

Gold broke the $1,090 mark Wednesday to hit seven-week highs after North Koreas claim that it had tested a hydrogen bomb rattled global stock markets, as did news of another Chinese yuan devaluation. This is a fear trade, Michael Smith of T&K Futures & Options told Bloomberg, referring to golds rise after the Korean news. […]

Buy gold before multi-year bull market resumes by 2017, UBS says

Market News | January 6, 2016

The new years first week is well under way, and 2016 so far hasnt been kind to the global stock markets. As some analysts have shown, opening day for stocks often sets the tone for the rest of the year. In a note titled The 7-Year Cycle in Equities Is Rolling Over…Buy Gold!, one major […]

Chinas stock crisis bodes well for gold as bank predicts 27% plunge

Market News | January 5, 2016

Is it safe to come out yet after this weeks carnage in the Chinese stock market? Not according to at least one major investment bank. And if Chinas economic woes persist, look for a potential resurgence in gold demand from the citizens of the worlds most populous country. The Shanghai Composite stock index could lose […]

Fed juiced stocks into tremendous rally, ex-Dallas head admits

Market News | January 5, 2016

The carnage thats taken place in the Chinese stock markets has been blamed in large part on its government policies to prop up and rig markets. Its easy for Westerners to point fingers at the Chinese, but if what one former Federal Reserve policymaker recently said is true, the U.S. central banks post-crisis monetary engineering […]

Gold American Eagle coin sales soared 53% in 2015, Mint says

Market News | January 4, 2016

The U.S. Mints shattered record for sales of its silver American Eagle bullion coins was set on Dec. 15, at which point purchases to authorized wholesalers were halted. The all-time annual high for silver Eagles now stands at 47 million ounces, up almost 7% versus the 2014 record of more than 44 million. However, sales […]