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In September, when gold was trading in the $1200 range, Morgan Stanley, a major Wall Street investment house, predicted $1300 gold by year end. It’s now year-end, and gold did not hit $1300; however, it did climb to $1280, making the forecast a really good one. Two developments that Morgan Stanley thought could send gold
China’s economy has been in decline most of this decade, and President Trump’s tariffs on China’s exports of goods to the US worsens China’s woes. It’s stock market is down some 30% this year. China’s leaders are embracing standard Keynesian moves to ameliorate the situation, starting first with easier credit and expanded tax cuts. Basically,
With Wednesday’s increase in the fed funds rate to the 2.25% – 2.5% level, Jay Powell, Fed chairman, challenged President Trump to a game of chicken. Already Powell looks weak. In his press conference after announcing the rate increase, Powell backed off three rate increases forecast for 2019 to two and included in his statement
Gold pushed at $1240 today (spot market) as the Dow Jones Industrials were down 800 points in early trading after closing down 800 points Tuesday. Stock markets were closed Wednesday in honor of President George H. W. Bush’s passing.
As 2019 rolls around, advertisements will abound with promotions of 2019-dated gold and silver coins. Many ads will promote First Release or Early Release gold coins at prices hundreds of dollars above the price of bullion coins. In truth, First Release and Early Release coins are only bullion coins that have been “slabbed” (put in
The video “Why economic collapse never comes” was viewed more than 47,000 times before it was pulled with no explanation givern. In short, it said that economic collapse never comes because of the Establishment’s ability to create money out of thin air. True, the Fed’s ability to create money can forestall economic declines, but the
Worldwide demand for gold rose 6.2 tons year-over-year in Q3, led by robust central bank buying of 148.4 tons, the highest level of quarterly new purchases since 2015, reports the World Gold Council. Bar and coin demand by individual investors climbed 298 tons.
For decades, politicians have lied to the American people about the status of the Social Security Trust Fund, asserting that incoming taxes are more than adequate to pay benefits for years to come. Now, the latest Trust Report shows that the Fund will be exhausted three years earlier than last year’s projection and more that
The housing market is one of the leading indicators of economic activity, and the US market is suffering its longest slump in four years. Sales of previously owned homes fell 3.4% in September from August and were down 4.1% from last year, for the seventh straight month of declines.
New investors contend with plenty of hype about precious metals such as gold and silver. While adding precious metals to your portfolio mix can pay off, you should take the time to understand the basic market dynamics for you to maximize your investment. Investing in gold offers several advantages. At a time of global financial
