David

  Gold's bull market is just beginning as European fund managers take a bigger stake – HANetf The gold market has started 2023 on solid footing and one European-based fund sees strong potential as investors take a renewed interest in the precious metal. In November, analysts at HANetf surveyed 100 European and British wealth fund managers, and according to the results, 89% of respondents said that they intend to increase their exposure to gold in 2023. According to the survey,…

Gold, silver kick off 2023 in style After a well-earned break, we are back in action… and what a time to be covering precious metals! Gold and silver are starting the year off on the front foot, with gold ending the first full trading week of the year at a nine-month high above $1,920 an ounce and silver prices solidly back above $24 an ounce Gold prices are actually up nearly 5% since the start of the year, and while…

Traders bid stocks, gold, and Silver higher, but is the optimism warranted? Market participants continue to react to the bullish market sentiment created by yesterday's CPI report. Inflation came in at 6.5% year-over-year last month, which is the sixth consecutive month that inflation has diminished since the peak of 9.1% in June. Accoring to the BLS, "The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in December on a seasonally adjusted basis, after increasing 0.1 percent in…

The Fed's use of data-dependent decisions can't be applicable only when it supports their beliefs Considering that as recently as June we had the highest level of inflation recorded in the last 40 years today’s CPI report from December was a welcome change as inflation continues to slowly dissipate. Just six months ago overall inflation peaked at an alarming 9.1%. The historical rise in inflation was a long process after coming in at 0.329% in April and 0.118% in May…

Nouriel Roubini says gold may be your best protection as the mother of all debt bombs & nine other megathreats are looming   Ten “megathreats” are hurtling towards the world including war, debt crises, and a demographic “time bomb” will make investors flock to gold, hence causing the yellow metal’s price to rise to $3k by 2028, according to Nouriel Roubini, CEO of Roubini Macro Associates and Professor Emeritus at NYU Stern School of Business. “Over the next few years,…

Gold closes at its highest value this year, although traders bid it lower Gold futures and spot pricing closed moderately higher today. However, traders and investors bid the precious yellow metal lower with dollar weakness accounting for all of today's gains. As of 4:40 PM EST gold futures basis, the most active February contract is currently up $5.80 or 0.32% and fixed at $1875.60. Concurrently, the dollar is trading 0.68% lower on the day with the dollar index currently fixed…