The sooner you learn a bit about how the gold market works, the better you will do in your investing and trading… The price of gold dropped $31, and that of silver fell even more by proportion, $2.14. The gold-silver ratio hit a hit of over 126 before closing the week...
Goldman Sachs says now is the time to buy gold, the safe-haven asset, amid market panic over the impact of the growing coronavirus pandemic. The commodity, which is considered “the currency of last resort,” has slumped lately as investors sell the safe...
The imagery is, of course, courtesy of Homer from his epic poem Odyssey, in which Odysseus and his men have no choice but to sail through a chokepoint on which two mythical, monstrous sentries stand. Scylla was a six-headed sea monster that had a bad attitude and a...
Sometimes people say, “I guess we’ll just have to have a major economic or monetary crisis to wake people up and cause them to want a sound monetary system.” There is one big problem with that refrain, however: A crisis or emergency oftentimes induces people to move...
Markets continue to be extremely volatile, keeping gold prices on edge. But analysts are not ruling out a temporary course reversal from recent losses. Major U.S. stock indexes kept jumping from green to red on Friday as gold struggled to retain its daily gains with...
An unusually demonstrative full-banner headline in this morning’s Financial Times says it all: Fear grips global markets as faith in interventions runs out …… Ignoring all else, the relentless selling of paper gold drove prices below the $1500 mark overnight to $1472...
The Saudis want to break free from U.S. influence and hedge their bets with China and the Russians
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