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The Calm Before the Storm
BySirhcAuthored by Pater Tenebrarum via Acting-Man.com Intra-Market Divergences Galore US big cap stocks have rallied to new highs in recent months, but just as in the rally from the low of the February 2018 mini-panic to the September/October 2018 peak, sizable divergences between different indexes have emerged in the process. New highs in the big…
Gold shatters ‘summer doldrums’ as it climbs to record territory
BySirhcMost-active gold contract nears all-time high, as front-month contract scores a record The gold market saw a lot of excitement on Thursday, with its climb over the last five sessions in a row ultimately lifting prices into record territory. “Ordinarily this is the quiet time for gold—summer doldrums,” said Ross Norman, chief executive officer of…
Argentina Considers Dollarization
BySirhcCommentary: You know when your country has implemented terrible monetary policy when your fellow citizens consider the U.S. Dollar a safe haven… Could this be a pre-cursor to the United States currency? The publication Central Banking reported on April 27 that Argentina was importing its bank notes from several countries. On May 22 The Guardian newspaper reported Argentina’s newest…
Gold: Set to test $2300 over next 12 months – Citibank
BySirhcAnalysts at Citigroup have revised up their gold-price forecasts across the time horizons, given the latest relentless rise in the yellow metal to fresh record highs of $1981.34. Key quotes “Still further to go, short-term target $2,100, then $2,300 in 6 to 12 months.” “Prices seem biased to stay higher for longer, with 2019-2020 emerging…
Gold & Silver Prices Bounce Off Key Support Following Bond Fuelled Crash
BySirhcUS REAL YIELDS A KEY DRIVER FOR GOLD Yesterday saw the precious metals complex come under significant selling pressure with the gold price dropping 5.7%, the largest fall since April 2013, while silver crashed 14.95%, marking its biggest plunge since October 2008. While arguably precious metals were in need of a correction given their sizeable…
World’s Largest Hedge Fund Sees Gold Rising 30% To $2,000
BySirhc◆ Bridgewater’s co-chief investment officer Greg Jensen told the Financial Times that gold prices could rally to $2,000 an ounce. ◆ The manager from the world’s biggest hedge fund cited increased income inequality in the U.S. and rising tensions with China and Iran as uncertainties that will prompt more safe-haven buying. ◆ Jensen also believes the Federal…