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

Ray Dalio Warns A “New Paradigm” Is Coming: “Buy Gold, Sell Stocks”

PIMCO: "Currency Cold War" May See Gold Soar Higher

] Ray Dalio the American billionaire investor, hedge fund manager, and founder of investment firm Bridgewater Associates, one of the world’s largest hedge funds believes that it is “both risk-reducing and return-enhancing to consider adding gold to one’s portfolio.” In an article written in LinkedIn today, Dalio highlights the following 4 key developments that are … Read more

Silver Gains 1.8% To $17.36 As Stocks Sell Off On Trade Wars, Argentina and Hong Kong Risks

Silver Gains 1.8% To $17.36 As Stocks Sell Off On Trade Wars, Argentina and Hong Kong Risks

] * Major stock markets globally fell for a third straight day today * Fears about a deepening and global trade war, protests in Hong Kong and a crash in Argentina’s peso currency led to safe haven demand for bonds, gold and silver * Silver went above a 1 and half year high climbing 1.8% … 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

Trump Pumps Market With Trade Talks, Stocks Move Higher, Gold Lower

Trump Pumps Market With Trade Talks, Stocks Move Higher, Gold Lower

] Sue Trinh, Managing Director of global macro strategy at Manulife Investment Management, speaking on Bloomberg. She had some interesting comments regarding the current market structure, in the shadow of the FED, which is expected to drop rates yet again. Ms Trinh sees boosts in asset prices not translating into any real uptick in the … 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 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

Gold Tests $1,700/oz Again Taking YTD Gains to 10% As Global Stocks Plunge

Gold Tests $1,700/oz Again Taking YTD Gains to 10% As Global Stocks Plunge

] ◆ Gold reached new multi year highs today, reaching its highest since December 2012 at $1,702.56 per ounce prior to profit taking in gold futures saw gold fall back to $1,670/oz. ◆ Gold prices rose above the $1,700 per ounce level for the first time in more than seven years, as stock market routs … Read more