Despite nearly three months of trading sideways, gold’s prospects continue to look excellent. The overall upward trend in gold began in March 2019 when the Federal Reserve announced interest rates would be headed back down. The announcement was about more than the mere next step for interest rates. It was a declaration the economy remained […]
Gold Favored by Hedge Fund Giant as Defense Against Economic and Social Tumult
Periods of pullback in surging asset classes can present renewed buying opportunities. Once an asset takes off, those still on the sidelines understandably become reluctant to follow through on a purchase. When the asset takes a bit of a “breather,” however, it can be a good time to jump in and buy during a moment […]
Gold Is Spinning Its Wheels Right Now – and That’s a Good Sign
There’s no disputing that gold has been on quite a run for some time now. The broad uptrend in gold began in the last quarter of 2018, when intensifying trade war fears rattled the economy. While financial markets fell about 15% during the last three months of 2018, gold jumped over 7%. The broad move […]
Diminishing Prospects for a Quick Recovery Bode Well for Gold
Not so long ago, experts were telling us the economic recovery from COVID-19 would be quick. That has changed. Those voices are still out there, to be sure. But with increasing frequency and volume, we’re also hearing the healing process could be very long and very drawn out. The “V-shaped” recovery so many had been […]
Experts: Economic Recovery Loaded With Uncertainty
In some parts of the country, state government leaders are displaying great optimism about the near-term outlook for the COVID-19 pandemic. On the heels of President Trump’s issuance of suggested reopening guidelines, four states – Georgia, South Carolina, Tennessee and Texas – wasted no time in scheduling the controlled reopening of many businesses and industries. […]
Coronavirus Pandemic Sparks Unprecedented Chaos in Financial Markets
Ask any football coach and they will tell you one of the most sought-after physical qualities in a player is the combination of great size with lightning-fast speed. Those who possess an ideal mix of size and speed are generally the toughest players on the field to bring down. They’re exceedingly difficult for the opposing […]
Sinking Automotive Industry Driving Global Economy to Recession
The automotive industry is more than the proverbial “canary in the coalmine” when it comes to the health of the global economy – it is, in fact, its center of gravity. And according to a particularly powerful voice on the world economic stage, it is the auto industry dragging down the global economy right now. […]
