The #1 Account All Wealthy People Have (That You Probably Don’t)
Can you imagine your little old traditional or Roth IRA is worth millions of dollars? It happens for some people. According to the US Government Accountability Office (GAO), 791 individuals have IRA balances between $10 million and $25 million, while 314 are worth...
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Gold Surges Due To Troubled Fed Repo And U.S. Treasury Market
Gold continues to move higher due to trouble in the Fed repo and U.S. Treasury market. In the first hour of business today, the Fed has already injected $57 billion in the repo market. While the Fed’s repo market injections didn’t spike during the last few...
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Repo Panic Returns As Fed Injects $99BN In Liquidity, Including First Oversubscribed Term Repo In Three Weeks
And just like that, the repo market is on the fritz once again. More than two weeks after the last oversubscribed term repo operation on December 16, moments ago the Fed announced that Dealers are once again scrambling for liquidity, submitting $41.12BN in securities...
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The Dollar’s Losses May Just Be Getting Started
(Bloomberg) — The dollar had an awful December and things may only get worse. The currency is set to extend losses as a truce in the U.S.-China trade war and signs that global growth is improving sap demand for haven assets, according to ABN Amro Bank NV. At the...
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Bankers Are Playing With Fire, Once Again
(Bloomberg Opinion) — As 2019 draws to a close, there’s more than a whiff of banking deregulation in the air. The U.S. has relaxed its lender stress tests and made it easier again for Wall Street to trade using its own funds. In Europe, capital requirements are...
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Gold ends at a nearly 1-month high as Trump suggests China trade deal could wait till after 2020 election
Trump’s willingness to open new fronts in trade war unnerves markets Gold futures marked their highest finish in nearly a month on Tuesday, finding haven-related buying interest after President Donald Trump said it might be preferable to hold off on completing a...
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Gold settles higher as economy and U.S.-China trade stay in focus
Fed’s Powell remains optimistic on U.S. economy Gold futures rebounded modestly on Tuesday, as investors kept a close eye on consumer confidence and on U.S.-China trade talks. Gold for December delivery GCZ19, +0.15% on Comex gained $3.40, or 0.2%, to settle at...
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Gold Price Breakout & Consolidation
We’ve witnessed an extraordinary breakout with respect to the price of gold over recent months. The yellow metal broke out above its critical level of technical resistance during the month of June, rising above the high reached during July 2016 of $1380 per ounce....
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Recent Softness in Gold Price Makes Good Entry Point: 5 Picks
Gold prices moved downward for nearly one and half months after witnessing an impressive rally during the June-September period. The Wall Street rally and a stronger dollar are the primary reasons for the gold price decline. On Nov 12, gold price for December futures...
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Why Gold Is Up And How High Can It Go?
Gold has retraced from its November high of $1,516, but it is still up more than 18% year-to-date. The important element to note here is that the price is still trading well above the $1,500 mark—a critical level that gives hope to bulls. Gold Price Neglects Equity...
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