Latest News and Articles
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Gold Market Report – May 02, 2024
Overnight: Range $2295 – $2326 After a pullback from its dovish Powell inspired high of $2328 to $2307, gold was lifted back to $2326 late yesterday afternoon by currency intervention by the BOJ. The Bank intervened for the 2nd time this week (this one around around $23B), trying to add / pile on to yen strength…
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Gold Market Report – April 10, 2024
Last Night’s Activity Gold retained it’s nervous and choppy tone (again, par for the course of a mkt at ATHs) last night trading between $2344 – $2360. It slipped to its $2344 low during Asian time against a modest uptick in the US dollar (DX up from 104.10 – 104.17). The dollar was lifted by:…
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Gold Market Report – April 09, 2024
Last Night’s Activity Gold continued to soar last night, making 8th straight sessions of all time highs and reaching $2365. Market tone remained nervous and choppy – to be expected of a market making ATHs – as it traded between $2338 – $2365. While gold has largely ignored a fairly firm dollar (which remains near…
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An April Fool’s Guide to (Not) Investing in Gold
A Comprehensive Guide to (Not) Investing in Gold Gold prices have soared to record heights, thanks to robust buying from central banks and investors from the East. Yet, there remains a peculiar standoff as many Western investors remain on the sidelines — armed with a litany of justifications to avoid the joys of gold ownership.…
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Market Euphoria: The Temptation and Risk of the Bull Market Dance
“As Long as the Music is Playing, You Have to Get up and Dance” This memorable and now infamous quote by CEO Chuck Prince, describing Citigroup’s commitment to leveraged buyouts in the summer of 2007 as the sub-prime meltdown was unfolding, resonates as a cautionary tale. In congressional testimony, Prince later defended his statement and…
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A Pragmatic Approach in an Overvalued Market
The Conundrum of the Gloom and Doom Prediction: A Pragmatic Approach As some of you know, I also serve as CEO of Wealthion, a sister company of Hard Assets Alliance. The Wealthion YouTube Channel has been accused of featuring too many “gloom and doom” guests (yet these “G&D” videos typically get more views than their…
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Year in Review: Navigating Challenges with Wisdom and Gratitude
As we close the book on 2023, it is important to reflect on the year’s considerable challenges. We began the year with a continuation of 2022’s economic uncertainty, soaring inflation, rising interest rates, as well as war, dysfunctional government, societal divisiveness, and climate volatility. Throughout 2023, not a single issue on this list has meaningfully…