Author: JOHN RUBINO In March 2022, there was a disruption in the nickel market that spiked the metal’s price. The lucky investors and market-makers who owned long futures contracts made fortunes. Just kidding. The exchange on which the futures traded canceled them and stiffed the contract owners. Some of the victims understandably brought suit and were awarded a massive victory [...]
Month: November 2023
Gold is undervalued, it could reach $2,400: strategist
https://www.youtube.com/watch?v=tU_xRCkEixU Philip Petursson, chief investment strategist at IG Wealth Management, joins BNN Bloomberg to discuss his view on commodities amid geopolitical concerns. Petursson says he doesn't see the price of oil affected by the war in the Middle East. However, he reminds the audience that oil supply could rapidly shift if the conflict escalates. Furthermore, [...]
Is Gold A Manipulated Market? If so, it’s now manipulated upward
Author: JOHN RUBINO Some readers responded to last Wednesday’s post on gold’s trading pattern (Gold: Resistance Is … Finite) with shock that I didn’t know gold is a manipulated market where technicals don’t matter. This gives us a good jumping-off point for a look at several forms of gold manipulation that have been practiced over the years: Wall Street traders use[...]
Why is Gold Outpacing the Stock Market?
"Gold tends to outperform stocks during periods of fiscal and monetary expansion, price instability, and periods of geopolitical conflict and uncertainty. As such, one might wonder if gold might be the outperformer for the remainder of the 2020s." https://www.youtube.com/watch?v=4TziZGYXl-0 Source: cmegroup.com/openmarkets/economics/2023/Why-Is-Gold-Outpacing-the-Stock-Market.html [...]
Buy Gold Now Or Wait?
Should you buy gold now? Or, should you wait? The pat answer is "it all depends"; which is true, but, it’s an inadequate answer. A bigger problem might be the question itself. Why would someone who is planning to buy gold now decide to wait? Some people might hesitate because they haven't seen the price action they expected. For others, it might be a lack of[...]