Gold Sees Safe Haven Gains As Stocks Fall Sharply and Deutsche Plummets

Gold Sees Safe Haven Gains As Stocks Fall Sharply and Deutsche Plummets

] Gold rose to a two week high and was higher in most currencies today after Washington’s threat of tariffs on Mexico exacerbated fears of a global trade war and recession, which saw a ‘flight to quality’ and gains for safe haven gold. Spot gold jumped 0.9% to $1,298.80 an ounce this morning, its highest … Read more

Gold To $3,000/oz By End Of 2020 As The Dollar Will Fall Sharply – Ron Paul

Gold To $3,000/oz By End Of 2020 As The Dollar Will Fall Sharply – Ron Paul

] ◆ Where Does Gold Go From Here? — Ron Paul’s “Cautious” Prediction ◆ “Gold is an ‘insurance policy’ as the dollar will continue go down in value as it is printed” and it will end in a monetary “calamity” ◆ “Gold is not money due to any man-made laws. Gold is money despite man-made … Read more

Gold Gains 0.8%, Silver 3.4% As Stocks Fall on Bad EU Data and Oil Gains On Middle East Concerns

Gold Gains 0.8%, Silver 3.4% As Stocks Fall on Bad EU Data and Oil Gains On Middle East Concerns

] RELATIVE PERFORMANCE 1 DAY – FINVIZ Stocks Going Nowhere in an Interesting Way – Hussman China’s Golden Corridor – Gold Reserves And Negative YieldRepo Market’s Liquidity Crisis Has Been a Decade in the Making BIS Warns Of Financial Disaster Amid $17 Trillion In Negative-Yield Debt Gold is “the most compelling form of potential hedge” … Read more

Gold At 3 Week High As Stocks and Dollar Fall On Trump’s Hard Line Stance Against Iran and China

Gold At 3 Week High As Stocks and Dollar Fall On Trump’s Hard Line Stance Against Iran and China

] ◆ Gold has edged higher to reach three week highs at $1,535/oz today after Trump took a hard-line stance on China and Iran during his U.N. speech ◆ Stocks fell in the U.S. yesterday and today in Europe on increasing political turmoil in the U.S. and the UK; Concerns about the global economy and … Read more

Gold Futures Fall On Trade Deal Hopes; Central Banks of China, Russia, Turkey Buy Gold Bullion

Gold Futures Fall On Trade Deal Hopes; Central Banks of China, Russia, Turkey Buy Gold Bullion

] NEWS and COMMENTARY Gold falls as trade-deal uncertainty cuts safe-haven demand China says it has agreed with the US to cancel existing trade tariffs in phases BOJ to continue massive monetary stimulus to hit 2% inflation Dow futures jump 100 points after China and US reportedly agree to remove existing tariffs Syria is lost, … Read more

U.S. Stocks Will Fall Sharply If There Is a Recession – Oxford Economics

U.S. Stocks Will Fall Sharply If There Is a Recession - Oxford Economics

] ◆ First, the good news from  — though it’s not great !◆ Oxford Economics expects the global economy to stabilize in the first half of next year in a new forecast◆  They predict low growth in U.S. stocks next year but a big drop if there’s a recession ◆ Weak productivity growth will limit the … Read more

Gold Surges To Test $1,600/oz, Oil Over $70, Stocks Fall on Risks of World War In Middle East

Gold Surges To Test $1,600/oz, Oil Over $70, Stocks Fall on Risks of World War In Middle East

] ◆ Gold has surged to test $1,600 per ounce, up 4% so far in 2020 and building on the stellar near 18.9% gain in 2019 ◆ Gold is testing it’s highest levels since 2013 as investors diversify into gold; Goldman, Citi and other gold analysts are advocating gold bullion as important hedge in crisis … Read more

Gold Jewellery Demand In China To Fall On Virus; HNW and Institutional Gold Demand May Increase

Gold Jewellery Demand In China To Fall On Virus; HNW and Institutional Gold Demand May Increase

] ◆ Sales of gold jewelry in China are set to plummet this year as the economic damage from the deadly coronavirus crisis widens ◆ People not “in mood” to shop for jewelry says China Gold Association ◆ Luk Fook shortens business hours at stores to curb infections ◆ Editors note: China’s gold jewelry demand … Read more

Gold and Silver Prices Fall Despite Bullion Shortages and Rising Premiums

Gold and Silver Prices Fall Despite Bullion Shortages and Rising Premiums

] Gold in USD – 15 Years (including the brief Lehman sell off in October 2008) ◆ Gold and particularly silver prices have fallen sharply in recent days due to massive concerted selling in the futures market which is being attributed to margin call selling. ◆ Gold and silver prices are down by 4.5% and … Read more