While CNBC and the financial media are pushing investors to buy into the "Stocks going to the moon" narrative, another asset class as just staged a once in a decade breakout.
That asset is Gold. The breakout is a bullish cross over in which the 50-WMA breaking about the 200-WMA. This has only happened ONE other time in the last 16 years: in 2002.
That was the start of the last MAJOR bull market in Gold. Gold rose an incredible 429%.
That asset is Gold. The breakout is a bullish cross over in which the 50-WMA breaking about the 200-WMA.
This has only happened ONE other time in the last 16 years: in 2002.
That was the start of the last MAJOR bull market in Gold.
Over the next nine years, Gold rose an incredible 429%.
Sterling fell, equities slid, Chinese markets got a helping government intervention hand again, and gold climbed over concerns U.K. Prime Minister Theresa May is prepared to lead Britain out of the European Union's single market and as the U.S. President-elect suggested other countries could break from the bloc.Read More
By U.S. stocks have had an incredibly run over the last two months and even at these record-breaking levels there are still profits to make - at least until March, when it will be time to run for the hills, says Goldman Sachs strategist David Kostin See full story.
Gold futures drove their winning streak to four days in a row Thursday, their seventh gain in eight sessions, and posted a new, more than 7-week high. Gold for February delivery advanced $3.20, or 0.3%, to finish at $1,199.80 an ounce on the Comex division of the New York Mercantile Exchange.
Kicking off a yearlong celebration of its 225th anniversary, the United States Mint unveiled the 2017 American Liberty High Relief Gold Coin in a ceremony today at the Department of Treasury in Washington, D.C. Highlights of the anniversary coin include an ounce of .9999 fine gold, an increased level of detail, raised edge lettering with stars, and a 1792-2017 duel date.Read More
For the first time since before Thanksgiving, the price of gold has risen above $1,200 (now up 13 of the last 15 days) and outperforming all other asset classes year-to-date. This latest jump comes as the USD Index tumbles further post-Trump's press conference, breaking below the key 50-day moving-average for the first time since September...
Gold has risen above $1,200 (now up 13 of the last 15 days)Read More
By Gold prices on Thursday climbed back above the $1,200 mark for the first time since November, as the dollar fell on disappointment that President-elect Donald Trump didn't provide more details on his economic plans at a closely watched press conference.Read More
Gold futures extended their gains to three sessions in a row Wednesday, for their sixth win in seven sessions, and ended at a more than 7-week high. Gold for February delivery added $11.10, or 1%, to close at $1,196.60 an ounce on the Comex division of the New York Mercantile Exchange.Read More
Investors wait for Trump news conference * Political uncertainty also emanates from Europe * Palladium prices could see correction -analyst (Recasts, adds comment, changes dateline from Bengaluru) By Pratima Desai LONDON, Jan 11 Gold hit six-week highs on Wednesday as investors worrying about political uncertainty bought the precious metal, but dollar strength due to higher U.S.Read More
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