Gemini vs Coinbase – which one is better? Gemini vs Coinbase – which one is better? According to a recent report, cryptocurrency searches have almost tripled over the last six months. This is in light of the current COVID-19 pandemic which has brought the world to its knees. People are fully aware that the ongoing crisis is going to adversely affect the economy hence they are looking for a haven to store their wealth. Normally they would turn to gold,…
March ructions deter bullion banks from gold futures photo of three poured gold bullion bars“Big bullion banks including HSBC have pulled back from trading gold futures after disruption in the market that flared up in the coronavirus crisis.” USAGOLD note: An interesting look at what happened back in March when COVID-19 disrupted the flow of bullion in the gold market and affected settlement on the COMEX. Some bullion banks were caught short forcing them to take a major mark to…
The precious metals continue to climb to higher pricing As the last trading day of the month comes to a conclusion, precious metals futures traded moderately to strongly higher on the day. Today’s gains were felt across the metals. However, none of the other metals could keep up with the precious ore and today could be summed up by the lone ranger himself “Hi-Ho silver away!”. SI futures were running like a horse in the Kentucky derby and in addition…
The bubble is building; how did famed gold investors make their fortune? Famed investor Stanley Druckenmiller has recently said that the current return to risk ratio in broad equities is the worst that he has ever seen in his career, and that is the sentiment shared by Bob Thompson, portfolio manager at Raymond James. Thompson told Kitco News that this market is “entirely liquidity driven.” 74% of retail investor accounts lose money when trading CFDs with this provider. You should…
‘Rocks beat stocks’ gold is still on its way to $1,900 – Bloomberg Intelligence The gold market has seen consistent selling pressure since hitting a 7.5 year high last week, but one analyst said that investors need to keep their eye on the bigger-long term picture. Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said that gold is just starting its bull rally and investors shouldn't get caught up in the short-term price action, "missing the forest for the…
How the immune system works Our immune system is essential for our survival. Without an immune system, our bodies would be open to attack from bacteria, viruses, parasites, and more. It is our immune system that keeps us healthy as we drift through a sea of pathogens. This vast network of cells and tissues is constantly on the lookout for invaders, and once an enemy is spotted, a complex attack is mounted. The immune system is spread throughout the body…
Gold futures selloff strongly as it closes below spot gold Gold futures basis the June 2020 Comex contract closed down $30.50 (-1.76%), and is currently fixed at $1705.10. The June contract traded to a low of $1700 before recovering slightly. At the same time spot gold is currently trading down $17.30 and fixed at $1710.30. Today’s lower pricing has created an inversion between gold futures (the June contract) and spot pricing, with spot above the futures contract prices. This selloff…
What Is Your Immune System? You’ve heard of your immune system. But how much do you know about it? There’s a good reason to find out. When you understand everything that it does for you, and how everyday things affect it, you can help it keep you well. 1. It Looks Out for You Your immune system works to root out germs and other invaders that have no business in your body. For example, if you inhale a cold…
Why is gold not rallying? This research points to 'market manipulations on a scale rarely seen before' Shouldn't assets like gold and bitcoin be trading higher, especially with all this COVID-19 uncertainty? This is the question one U.K. research team asked with results pointing to major market manipulation. “We are witnessing financial market manipulations on a scale and frequency that have rarely been seen before. The lack of integrity by a few powerful market players is causing a major financial…
How Would Gold Perform In a Second Stock Market Crash? 1929… the 1970s… 2000… 2008… and now 2020? In the biggest stock bear markets over the past nine decades, there was an initial crash… followed by a big bounce… and then a more severe selloff, a “second leg down” if you will. Could it happen again? As Mark Twain said, “history doesn’t repeat itself but it often rhymes.” And some of the world’s most successful hedge fund managers are convinced…