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Category: news

Richard Russell – Meltdown In The U.S. Dollar & Oil To Hit $150

At nearly 90 years old, the Godfather of newsletter writers, Richard Russell, warned about a possible meltdown in the U.S. dollar and also said that oil is headed to $150. If the 60-year market veteran’s worst fear is realized, it will absolutely devastate an already crumbling middle class in the US. Russell: “My single biggest worry is the US dollar. It's now clear that Russia and China are [...]

Market Recap – Gold Continues to Power Upwards but the PGM’s Point Even Higher

  From: Neptune Global Holdings - July 1, 2014 The precious metals continue to outperform in 2014 against a backdrop of negative commentary from the financial press at large and poor investor sentiment. This scenario has been a textbook setting in the eyes of contrarian investors. Year-to-date gold has delivered an impressive gain of 9% and appears to have broken the agonizing two year[...]

Historic “Golden Cross” to Create Explosion in Gold and Silver

Today KWN is putting out a special piece which features three incredible charts showing that the gold and silver markets are about to see the all-important “Golden Cross” take place These are the types of charts that the big banks follow closely, as well as big money and savvy professionals. Below are the extraordinary charts sent to KWN by Tom C. along with his commentary. “In the[...]

Gold Is Going To $1,900 If It Breaks Out Upside Of This Wedge

Graham Summers  June 30, 2014 Let’s talk about Gold… Many analysts believe that the precious metal is DEAD due to its having fallen from a record high of $1900 per ounce to roughly $1200 per ounce today (a 36% drop). However, this price movement, while dramatic, is quite inline with how commodities trade. Gold has already posted one drop of 28% (in 2008) during its bull market, before [...]

Gold Ends Higher, Gains 6.1% For Month

Washington (June 30) Gold futures ended slightly higher on Monday, with dollar trending lower against a basket of few select currencies even as investors await some key economic indicators later this week including the monthly US employment data. Gold prices jumped 6.1% for the month, while recording a gain of 3% for the quarter ended June. Meanwhile, a Bloomberg report indicated gold shipments [...]

Gold poised for second quarterly gain, U.S. data in focus

London (June 30) Gold steadied near a two-month high on Monday, as the dollar remained under pressure ahead of a week packed with economic data. The metal looked set for a second straight quarterly gain after world political tensions bolstered demand for the metal. Investors were awaiting U.S. jobs data and the European Central Bank (ECB) meeting later this week for clues on future monetary[...]

Why silver’s outperforming gold and isn’t done yet

SAN FRANCISCO (MarketWatch) —Silver has quietly scored double the percentage gains of gold this month, and prices for silver probably haven’t topped out for the year. “The real value of silver is far from being realized,” said Andrew Chanin, chief executive officer of PureFunds, which offers the PureFunds ISE Junior Silver ETF[...]

Ukraine situation posing possible threat to global economy – IMF head

The situation in Ukraine is unpredictable and may have negative aftermath for the global economy, the managing director of the International Monetary Fund, Christine Lagarde, said in an interview with the German Handelsblatt on Monday. The crisis in Ukraine posed danger, and it was extremely difficult to establish its level, she said. Besides, one could hardly forecast the likelihood of its[...]

China’s gold consumption creeps higher in first quarter

China's gold consumption edged up 0.76% year on year to 322.9 tonnes in the first quarter of this year, according to a report released by the China Gold Association. Consumption of gold jewellery surged more than 30% from year ago to 232.53 tonnes. The demand for gift-related gold bars saw significant declines as new regulations by Chinese authorities to curb gifts by government officials had[...]

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