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 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 Reaches $1,610/oz Prior To Retreating, Oil Higher and Stocks Lower As Iran Attacks U.S. Bases

Gold Reaches $1,610/oz Prior To Retreating, Oil Higher and Stocks Lower As Iran Attacks U.S. Bases

] ◆ Gold surged to a seven year high at $1,610.90 overnight prior to retreating as markets experience volatility due to the risks of a U.S. retaliation after Iran’s attacks on U.S. bases in Iraq. ◆ The severe, but long expected, re-escalation of geopolitical tensions led to the gold price surging overnight as speculators go … Read more