People eat gold. Yes. I know I’ve touched on this before. But I still don’t get it. I came across a story this week about a caterer in India who was asked to come up with something that would stun guests at a wedding. So, V Sai Radha Krishna decided he would serve rice covered in […]
Fun on Friday: Make Your Guests Poop Gold
Gold hit its highest price in over a year Friday, breaking through the $1,350 level. Friday morning, the spot price of gold was over $1,352, its strongest level since Aug. 2016. The yellow metal was up 2% on the week and was set for its third consecutive weekly gain. A number of factors continue to […]
Gold Hits Highest Level in Over a Year
With gold and silver on the move, here is an important look at what to watch after today's action in gold and silver.
The post Here Is What To Watch After Today’s Action In Gold & Silver appeared first on King World News.
In this week's Off The Cuff podcast, Chris and Axel Merk discuss:
Chris and Axel cover lots of ground in this week's Off The Cuff with lots of recent seismic moves -- China's yuan-for-oil-for-gold announcement, the latest ECB statement, the resignation of Stanley Fisher (which may presage Yellen's exit when her term is up in early 2018. Things are shifting quickly in the markets, geo-politically, in the world economy -- even in the weather. Axel warns that the long-standing relationships we've all become accustomed to are fading, and that we need to be prepared for different outcomes from what we're used to.
from Financial Survival Network
We’ve been connecting with Eric Hadik now since 2015. During that time his market calls in precious metals have been on the money. Earlier this year he called that gold/silver prices would be in check until the 3rd quarter of 2017. Now’s he’s calling for 2018 to be a truly golden year with prices heading much higher. Oil is in a bottoming process and could also be heading higher in the next few years. Pessimism rules. Eric sees confirmation in the recent moves in unleaded gasoline and heating oil. Let’s see what happens next. Stock Market The Dow Transports and Russell 2000 both peaked several months ago. They were early indicators of what’s to come. The Dow and S&P both rebounded but are just below their peak. 10 year cycles indicate a market sell-off on the way. There’s almost certainly a long term decline coming soon. USD has been in a two year trading range and is now starting to break down. Inflation and other factors will lead to a more accelerated move. Expect a possible dead cat bounce but it has likely turned the corner and starting what could be a multi-year downturn. Fundamental events will continue their own momentum until there’s a climactic movement and then the trend will become obvious. And let’s not forget, Republican administrations have been bad for dollar for at least the past 30 years.
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With continued chaos across the globe, from hurricanes to the threat of war, many are asking, with the precious metals continuing to surge as the dollar resumes its tumble, what is next for the gold and silver markets?
The post Major Gold & Silver Bull Market Moves Now Unfolding – Take A Look At This… appeared first on King World News.
The US Commodity Futures Trading Commission (CFTC) has filed a civil lawsuit against California-based gold dealer Monex Deposit Co. in what officials call one of the largest precious metals fraud cases in the history of the commission. The CFTC alleges Monex defrauded thousands of retail customers nationwide out of hundreds of millions of dollars, while executing illegal, off-exchange, […]
Feds File Suit in One of the Largest Precious Metal Fraud Cases in History
Officials in Western Australia have announced a plan to raise the gold royalty payments the state levies on gold miners by 1.25%, a move that could depress gold output in the world’s second-largest gold producing country. Western Australia Premier Mark McGowan said the gold royalty increase from 2.5% to 3.75% per ounce would raise an […]
Western Australia Slaps Tax Increase on Gold Miners; Move Could Impact Production
Two key indicators just hit all-time records, but look at what's happening with gold and silver!
The post Two Key Indicators Just Hit All-Time Records, But Look At What’s Happening With Gold & Silver! appeared first on King World News.
Today's webinar, A World Of Trouble, is free to PeakProsperity.com's enrolled members.
To watch it live, click the blue button below:
With gold pulling back to $1,332, today King World News thought it was a good idea to take a step back and look at the big picture of the war between gold and the Federal Reserve. This led to a remarkable question: Are the forecasts for the gold price hitting $10,000, $15,000, or $20,000 really possible?
The post The Brutal War In Gold – Is A $10,000, $15,000, $20,000 Gold Price Really Possible? appeared first on King World News.
from Financial Survival Network
Mickey Fulp reports that August was quite a month! Major stock markets in the US continued their ascent. Same with emerging markets. TSX was down, TSX-V was up. The real action was in Bitcoin; it was up 66%. Metals were all up over the month, Gold was up 4%. Pt and Pd each up 6%. Copper up nearly 7%. Energy took a hit, WTI down 8.4%, Brent down 3.5%. Natgas was up after 3 down months. Uranium was flat. Currencies saw the Greenback decline slightly and the Euro up slightly. Rate on the 10 year T Bond plunged to 2.12. And again Bitcoin was up 66%. in the world of ratios Gold/Silver is still over 75.3. See you next month!
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Bitcoin has risen meteorically in recent months. Many investors call cryptocurrency the “new gold.” But at least one analysts sees trouble on the horizon of cryptocurrencies in the form of government crackdowns, and a recent announcement in China lends credibility to his warning. Bloomberg reports emerging markets fund manager Mark Mobius warned governments will begin clamping […]
Government Crackdowns and Regulation Could Take Shine Off Cryptocurrencies