Kinesis money

Jackson Hole Wyoming, the economic event of this summer Since 1978 the Federal Reserve of Kansas City has been sponsoring an annual economic symposium. Central bankers and finance ministers from around the world attend the symposium to focus upon critical economic issues. Former Federal Reserve Chairman Ben Bernanke moved the venue to Jackson Hole Wyoming in 1981. According to Investopedia, “The Jackson Hole Economic Symposium is one of the longest-standing central banking conferences in the world. The mission of the…

Gold price starting the week under pressure, market looks vulnerable The gold market is starting a new trading week on the back foot as the U.S. dollar continues to find new buyers. December gold futures last traded at $1,942 an ounce, down 0.26% on the day. Meanwhile, the U.S. dollar index last traded at 93.15, roughly unchanged on the day. Gold's selling pressure comes after it was unable to hold $2,000 an ounce last week. According to some analysts, after…

Warren Buffett was drawn to Barrick Gold for all the usual reasons Kitco MEDIA · Warren Buffett was drawn to Barrick Gold for all the usual reasons Barrick Gold's moat makes the company a natural fit for Warren Buffett and his investment philosophy, said Kitco's special correspondent Paul Harris during the Kitco Podcast recorded on Friday. Harris was joined by Kitco editor Neils Christesen and mining audiences manager Michael McCrae. Special guests were the executive team from American Pacific Mining…

Should you be buying dips in gold price, silver price? The U.S. dollar rally has been stealing the attention from gold and silver, making the recovery in precious metals prices more difficult, according to analysts. But can this dollar rally be trusted? Or should investors be focusing on buying the current dips in gold and silver instead? The dollar-gold correlation will be one of the primary drivers for the precious metal in the short term, MKS PAMP Group said on…

Jim Rogers gives the best investing advice you’ll hear, talks next big market crash Jim Rogers, chairman of Rogers Holdings and co-founder of the legendary Quantum Fund, said that the next financial crash could be even worse than what we saw this year. “This certainly has been the worst in my lifetime. We’ve had a huge rally because governments everywhere have printed and spent staggering amounts of money, but it just means that the next time it’s going to be…

Robert Kiyosaki – America headed for totalitarianism, will flee country with gold The U.S. used to be a capitalist country, but is now becoming a Marxist society, said Robert Kiyosaki, best-selling author of “Rich Dad Poor Dad.” Kiyosaki was a veteran of the Vietnam War who had seven uncles fighting in World War 2. “I fought for capitalism,” he said. “America is going Marxist.” The evolution of socialism in the U.S. started with the anti-war protests following the Vietnam War,…

Here is why gold price uptrend is intact – Standard Chartered The selloff last week did not impact the longer-term uptrend in gold, according to Standard Chartered, which sees weaker U.S. dollar and lower interest rates as the two driving forces behind the gold price rally. “Despite the steepest sell-off since April 2013, the longer-term outlook remains constructive for gold,” said Standard Chartered precious metals analyst Suki Cooper. Before last week's jaw-dropping pullback of nearly $200, gold looked overbought and…

Gold price is gearing up: Here's the direction analysts are looking at After shedding nearly $200 this week and consolidating around $1,950 an ounce, gold is looking to resume its rally, but how far can prices really go? Gold's steepest daily correction in seven years was healthy for the market, according to analysts, who were highly anticipating it to happen. “To lose $120 in a single session is some dramatic price action. But it was very healthy for gold to…

Gold price and stocks both have upside; the biggest risks and opportunities to watch While macroeconomic risks linger, the environment is constructive for both gold and risk assets, said Rob Haworth, senior investment strategist, U.S. Bank Wealth Management. “What we’re seeing in recent times is real yields are finally starting to rise…which is pressuring gold as well, so it’s been time for a correction and we’re getting that now,” Haworth told Kitco News. “I do think that gold prices in…

Why did the gold price crash, and will it happen again? Gold prices saw their worst daily drop since 2013 on Tuesday. This sharp pullback was due to profit taking and did not detract from the long-term bullish picture, said Gary Wagner, editor of TheGoldForecast.com. “Personally, I do not believe it’s the end of a bull rally. We have entered some sort of a correction. The question I’m asking myself and the technical studies I’m looking at for the answers…