Gold: $1,494.3014.60 Silver: $17.700.18

Goldman CEO Blankfein has ‘really liked’ what Trump has done for the economy

Goldman CEO Blankfein has ‘really liked’ what Trump has done for the economy  20 Hours Ago | 02:07 Though he’s taken a few jabs at President Donald Trump, Goldman Sachs CEO Lloyd Blankfein said Wednesday he’s otherwise “really liked what he’s done for the economy.” “I’d say I like a lot more stuff than I don’t […]

Central Bank Of Russia Adds A Record 223 Tons Of Gold In 2017

The Russian Central Bank added 300,000 ounces (9.3 tons) of gold to its reserves in December, bringing the total acquisitions of the precious metal in 2017 to a record 223 tons. Since June 2015, the Central Bank of Russia has added over 558 tons of gold, and December’s 9.3 ton addition brings the official Russian gold […]

The Winners and Losers in Trump’s Trade Crackdown

Tariffs are meant to punish, and protect. Who comes out as a winner or loser from the U.S. decision to slap duties on solar panels and washing machines isn’t straightforward.  While the obvious winners are American manufacturers that will likely become more competitive, foreign companies that have built a local presence could also gain an […]

Goldman issues a warning on bitcoin — and an even bigger warning on Ethereum

Goldman quotes historian on ‘tulip bubble’: ‘Our descendants doubtless will laugh at the human insanity of our Age’   The chorus of bitcoin bears is growing louder by the day. The latest to issue a stern warning against the world’s largest digital currency is Goldman Sachs’s investment management division, which wrote that there is “no […]

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 […]

Heartland Precious Metals