Gold: $1,476.708.00 Silver: $16.980.05

Gold ends at a nearly 6-month low ahead of expected Fed rate hike

Gold prices fell Tuesday for a third-straight session, marking their lowest settlement in nearly six months ahead of the Wednesday Federal Reserve decision on interest rates and hints on the course for policy in 2018. Gold futures ended the session lower as the leading dollar index edged higher and U.S. stocks traded mostly higher. Gold […]

Goldman: Bitcoin Not Taking Money Away From Gold

Goldman Sachs analysts say they doubt that Bitcoin is taking material investment flows away from the gold market, citing regulatory hurdles for professional investors in Bitcoin and the absence of outflows from gold exchange-traded funds (ETFs). Further, Goldman said, the demand for Bitcoin appears to be mostly speculative, with total market capitalization still a small percentage […]

Central bankers face a crisis of confidence as models fail

Central bankers usurped the titans of Wall Street as the masters of the universe almost a decade ago. They rescued the global economy from the financial crisis, flooding the world with cheap money. They used their powers effectively to get banks lending again. Their actions raised asset prices, keeping business and consumer confidence up. Financial […]

Rickards: The Four Major Catalysts For Gold

The Federal Reserve would like to continue “normalizing” interest rates. But the most recent economic data simply does not justify it. On Sept. 29, the August core PCE year-over-year (YoY) inflation figure was released. And the data came in exactly as I expected. YoY inflation for August was just 1.3%, down 0.6% from the January […]

Jim Rogers says ETF holders will get mauled by ‘the worst’ bear market ever

Now that the Fed has finally started to peel off the quantitative-tightening Band-Aid, things should start getting back to normal. That’s a good one, given no one really knows what normal is these days. A pullback from the record highs of yesterday looks to be in store, and gold bugs should cover their eyes, because […]

How the ‘great central bank unwind’ could ignite the next financial crisis

As the Federal Reserve prepares to begin paring the size of its $4.5 trillion balance sheet next month, analysts at Deutsche Bank this week warned that what they have dubbed the “great central bank unwind” is one of several candidates for creating the next financial crisis. “When looking for the next financial crisis, it’s hard […]

Stock Market Bubbles In Perspective (Or Why “This Won’t End Well”)

Last week marked the 9th anniversary of the collapse of Lehman Brothers. It was one of the biggest milestones of the Global Financial Crisis (“GFC”) that began approximately a year earlier in 2007. Corporate earnings were abnormally weak during the GFC. I bring that up because a much cited stock market valuation metric that has […]

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon Slams Bitcoin as a ‘Fraud’

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being “stupid.” The cryptocurrency “won’t end well,” he told an investor conference in New York on Tuesday, predicting it will eventually blow up. “It’s a fraud” and “worse than tulip bulbs.” If a JPMorgan trader began trading in bitcoin, […]

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