Gold: $1,331.503.90 Silver: $17.030.07

Wall Street Has a $1.7 Billion Bet on the Rising Risk of Grid Attacks

The world’s power plants and transmission lines are more networked to each other and controlled via the Internet than ever before. And in that, Wall Street sees a business opportunity. Investors including banks and venture capital firms more than doubled their financing last year to private companies focused on developing cyber-security solutions for power-grid operators, […]

Gun Theft Is Sweeping America

Robberies and burglaries targeting firearms sellers are skyrocketing, and law enforcement doesn’t know why. Stealing from people almost guaranteed to be armed would seem like a dumb idea to most, but not everybody got the memo. Firearm theft from licensed retailers including gun stores is becoming increasingly common, according to data released by the Bureau of Alcohol, Tobacco, Firearms […]

Digital Gold Flight To Physical Gold Coins and Bars

‘Digital Gold’ Bitcoin Flight To Safe Haven Physical Gold – Latest bitcoin, crypto crash causes gold coin and bar demand to surge – Bitcoin down 40% from high, Ripple down 50% and Ethereum down 30% – Ripple and ‘Digital gold’ Bitcoin fall past key psychological price levels – $300bn wiped from cryptocurrency fortunes in just 36 […]

Gold May Have Room to Run As Chinese New Year Looms

Gold May Have Room to Run As Chinese New Year Looms Gold bullion tends to rise January and February before Chinese New Year (see table) Gold is nearly 8% and $100 higher since Fed raised rates one month ago Options traders are bullish and suggest gold has room to run (see chart) Nervous in short […]

Platinum Plays Catch-Up But It Has A Long Way To Go

Summary The worst performing precious metal. Platinum has been “cheap” against gold since 2014. The rarest precious metal got even cheaper starting in September 2017. A spike down and ugly two weeks in December. The beginning of a long-overdue comeback. Platinum is the rarest precious metal when compared to the other metals that trade on […]

Oil holds near 2014 high, supported by threat of Nigeria attack

LONDON (Reuters) – Oil held steady above $69 a barrel on Thursday, supported by falling inventories of crude and threats of an attack on Nigeria’s petroleum industry, although a reported rise in U.S. fuel supplies weighed. Crude is within sight of its highest since December 2014, supported by supply cuts led by the Organization of […]

Dollar Reaches Multi-Year Lows as Central Banks Shift Reserves Into Yuan

There is nothing quite like a falling dollar to spur talk of the erosion of the greenback’s reserve status. There has been talk for several months that China is preparing a yuan-denominated oil contract (with an embedded gold option). It has not been launched yet, but some observers see it as a blow to the […]

Goldman Sachs Once Looked Invincible. Now It’s Losing Money.

Goldman Sachs used to seem invincible. In the fourth quarter, it lost money. The Wall Street firm on Wednesday reported its first quarterly loss since 2011. It was the result of a one-time $4.4 billion charge stemming from the new tax law. But even ignoring that unusual event, Goldman’s weak core results showed how far […]

Did Bitcoin Just Burst? How It Compares to History’s Big Bubbles

Bitcoin’s recent wobbles have given fresh urgency to a question that’s gripped market observers for much of the past year: Will the cryptocurrency go down as one of history’s most infamous bubbles, alongside tulipmania and the dot-com craze? The magnitude of Bitcoin’s boom (before it lost as much as 50 percent from its Dec. 18 […]

Bitcoin tumbles to 6-week low as top cryptocurrencies all sell off

Bitcoin’s spot price was slumping on Tuesday, touching a six-week low near $11,000, as the biggest cryptocurrencies came under pressure across the board. The selloff follows reports that South Korean Finance Minister Kim Dong-yeon said banning trading in virtual currencies was “a live option.” That has added to ongoing worries about a potential crackdown in […]

Heartland Precious Metals