markethive

  “Americans have become less likely to view stocks or mutual funds as the best long-term investment after U.S. markets dropped by more than a third as the economic implications of the coronavirus outbreak set in last month,” Gallup survey said.   Despite the drop, stocks or mutual funds remain the second best long-term investment choice. Gold and savings accounts saw a rise in this year’s survey. Gold was chosen by 16% of Americans and savings accounts by 17%. “Roughly…

Gold needn't get any better to make investors a lot of money right now: Keec The Resource Insider co-founder talked to Kitco today. "It is one of those rare times when investing in a junior company in some ways carries a lot less risk than a mining company or even a later stage development company," said Keech. Keech notes that there are high costs to keeping a mine on care and maintenance. "There's millions or hundreds of millions of dollars…

Gold closes below $1700, despite dollar weakness It may have been gone as soon as it appeared gold above $1700 per ounce was short-lived as market forces and a changing market sentiment took the precious yellow metal $37 lower today, with gold futures currently fixed at $1694.50. The first indication that gold futures might correct occurred on Tuesday, April 14. This was also the same day that gold futures traded to the highest level of 2020, when it traded to…

Gold, silver bulls bask amid bullish charts, safe-haven buying Gold futures prices are trading not far from unchanged on the day Tuesday at midday, after scoring a 7.5-year high early on, at $1,788.80, basis June Comex futures. Silver prices are sharply up and at a four-week high today. Gold bulls are enjoying the strong near-term technical advantage to continue to suggest more upside for the yellow metal in the near term. Safe-haven demand continues to boost gold, and to a…

Cracking the work from home code, this couple built a business empire out of it In an environment where many small businesses are struggling to adapt to the mass quarantines around the world, one business is seeing demand rise. BELAY, founded by husband and wife team Bryan and Shannon Miles, is a provider of virtual assistants. “We definitely serve a lot of small businesses that have been impacted by the current crisis, so while the majority of our business is…

Kevin O'Leary-backed venture creating new asset class during crisis Venture capital through crowdfunding is a new way investing for retailers, and contrary to traditional venture capital, this asset class has seen increased activity during the pandemic, said Howard Marks, CEO of StartEngine. “StartEngine is a crowdfunding equity platform. Our mission is to help entrepreneurs achieve their dreams and we raise capital for equities directly from the general public online. Since the crisis has started, our number of investors has gone…

'Floodgates are open for gold to move higher': Inflation, retail in focus  Gold is up nearly 6% on the week and more gains are just around the corner, according to analysts, who still see the COVID-19 uncertainty as ruling the day and benefitting gold prices. Despite rallying equities, a lot of uncertainty around the economic fallout from the COVID-19 outbreak remains, which is attracting new investors to the gold market. “There is a danger here that we follow more of…

$20,000 gold price: Franco Nevada chairman makes the case < Gold prices should skyrocket to much higher levels, even $20,000 in two to five years’ time, as gold reaches a price level close to the level of the Dow Jones Industrial Index, this according to Pierre Lassonde, chairman of Franco Nevada. “When I look at where we are today, the money creation will take time to [money] into people’s hands. I look at supply chain disruption, I think we’re looking…