Gold: $1,496.8017.30 Silver: $16.900.28

Could Apple Buy a Third of the World’s Gold?

Could Apple Buy a Third of the World’s Gold? by Frank Holmes Is there anything Apple Inc. (NASDAQ:AAPL) can’t do? First it revolutionized the personal computing business. Then, with the launch of the iPod in 2001, it forced the music industry to change its tune. Against initial market reservations, the company succeeded at making Star Trek-like […]

Let’s say you had a lot of gold. And let’s say you print yuan…

China plans yuan-denominated gold fix this year -sources SINGAPORE, Feb 27 (Reuters) – China plans to launch a yuan-denominated gold fix this year to be set through trading on an exchange, sources familiar with the matter said, as the world’s second-biggest bullion consumer seeks to gain more say over the pricing of the precious metal. […]

PRECIOUS-Gold up after U.S. data, set for biggest monthly loss since Sept

* Gold up 0.8 percent on week; 4-week losing streak may end * European shares close to seven-year highs * Fourth-quarter U.S. GDP growth revised downward (Adds comment, updates prices) By Marcy Nicholson and Clara Denina   NEW YORK/LONDON, Feb 27 (Reuters) – Gold rebounded on Friday as mixed U.S. data tempered expectations of a […]

Gold Imports by India May Surge While Jaitley Retains Tax

(Bloomberg) — Gold imports by India, the world’s biggest consumer, are poised to surge after Finance Minister Arun Jaitley confounded industry expectations for a reduction in tax. Overseas purchases may jump to 100 metric tons in March from about 25 tons in February as jewelers and traders, who delayed purchases in anticipation of the tax […]

What’s Next For Gold And Silver?

One month ago, when gold was just under $1,300, I wrote a piece in which I showed how the “smart money” was betting that gold and silver would decline after their January rally. Since then, gold fell to under $1,200 and recently stabilized just above $1,200. In this update, I will analyze where gold and […]

What Net ‘Neutrality’ and the Federal Reserve Have in Common

The recent vote in which the Federal Communications Commission (FCC) gave itself more power over the Internet reminds me very much of the Federal Reserve Act of 1913. You know – the legislation that created an institution so egregious that nearly 100 years later, Satoshi Nakamoto was compelled to completely reinvent money so that we […]

Republicans are accusing the Fed of misguided policies and political bias

Washington (AFP) – After unemployment and deflation, Federal Reserve chair Janet Yellen finds herself in her toughest battle yet, fighting a push by Congress to assert itself over monetary policy. Newly in control of both houses on Capitol Hill, Republicans accuse the Fed of misguided policies and political bias, saying the world’s most powerful central […]

Even with volatility, advisors even now see a bull run

Financial advisors at the 2015 TD Ameritrade conference remain upbeat about the U.S. market despite recent volatility and say clients should be, too. A solid U.S. economic system aided propel the inventory sector greater in 2014, continuing the bull run. As a consequence, a lot of Wall Road strategists continue being, not shockingly, bullish on […]

US markets closed lower on Friday after GDP was revised down

(Close): US markets closed lower on Friday after GDP was revised down to an annualised 2.2% for the last three months of 2014. However, all three indexes were up overall for February, with the S&P 500 and Dow Jones hitting fresh highs. The Dow Jones shed 81.72 points to 18,132.70. The S&P 500 index dipped […]

U.S. Mint American Eagle silver coin sales fall in February

Feb 27 (Reuters) – U.S. Mint American Eagle silver coin sales in February fell by 45.4 percent to 3.02 million ounces, data showed on Friday. This compares with 5.5 million ounces in January at 3.75 million and 3.75 million ounces in February 2014. (Reporting by Marcy Nicholson)   Read Original Article at Reuters.com

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