Gold: $1,476.708.00 Silver: $16.980.05

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

Jobs report may test market’s complacency

(Reuters) – The U.S. stock market has been quiet this week – too quiet. Wall Street has traded in a tight range of late, with both volatility and trading volumes drying up as the earnings season winds down and Federal Reserve Chair Janet Yellen’s recent Congressional testimony delivered no surprises. While markets have held near […]

Dow Jones Industrial Average Drops After US Economic Growth Cools In Q4

U.S. stocks traded lower early Friday after data indicated the national economy grew slower than previously estimated last quarter. Meanwhile, a separate report showed American consumer sentiment dipped from an 11-year high in February. The Dow Jones Industrial Average, measuring the share prices of 30 large industrial companies, shed 20.97 points, or 0.12 percent, to […]

Gold Bullion Jumps, Halves February’s Euro Drop

GOLD BULLION prices jumped mid-afternoon Friday, ending the month at $1214 per ounce on the London Fix as after new data showed inflation in Germany and consumer sentiment in the US both stronger than analysts predicted. US economic growth for 2014 also beat consensus forecasts, revised less badly to 2.2%. Gold prices rose more sharply […]

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