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News — gold

Gold Bears Turn Bullish, Ignore Fed and Traders

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By John McDonald After three months of indisputable gains and multiple six-year highs, some investors previously proudly bearish on gold are changing their stance on the yellow metal.  In fact, two prominent traders say it doesn’t matter what anyone does at the Fed or on Wall Street; gold will surge regardless at some point in the coming year. They expect that to happen sooner rather than later. “I look at gold as higher in both scenarios,” said Anthony Grisanti, founder and president of GRZ Energy, the day before the Fed cut interest rates by a quarter of a point.  Although...

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Investors Should Think of Gold as Life Insurance

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By John McDonald Many precious metals investors take offense when others suggest that gold is not a “real investment.” After all, gold tends to appreciate over time, is never “worth zero” (not many things you can say that about), and can be bought, sold, and traded on multiple exchanges for multiple other assets. That certainly looks a lot like an investment vehicle from here! For investors who do not fully appreciate how gold can work as an effective, productive investment, usually, the issue is that they look at the yellow metal in an oversimplified way.  They tend to think that...

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Head of Largest Hedge Fund in the World: “Paradigm Shift” Coming, Bet on Gold

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By John McDonald When Ray Dalio, founder of the largest hedge fund in the world, posts on LinkedIn, people read every word – even if there are more than 7,000 of them. Dalio, who is co-chief investment officer and co-chairman of the hedge fund Bridgewater Associates, observed in the post that he has spent “roughly 50 years being a global macro investor” and, as a result, is perfectly positioned to identify pending shifts in the global markets and structure a portfolio so as to be “largely immune to them.” Given the fund has nearly $125 billion under management and has...

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Key Recession Indicator Hits Highest Levels Since 2009

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By John McDonald The New York Federal Reserve’s probability model, which the Fed uses to predict the probability of a recession in the United States in the next 12 months, hit a reading not seen since 2009 this past June.  The reading, 32.9 percent, might not seem that high at first. However, every recession since 1960 has been preceded by the model breaching the 30 percent threshold. Feel like the measure probably has a way to go before things get serious? Think again. The most recent recession never weighed in anywhere near what most people believe is a sure thing:...

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The Mysterious “Whale” Buying Up Silver

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By John McDonald Silver investors have spent much of the summer disappointed thanks to what they consider “underperformance” in light of gold’s recent rally and general bullish trend. Silver is generally more volatile than gold, rising higher than the precious yellow metal when gold is on a rally and falling farther and faster when values retreat. However, silver is not “behaving” as it should this time around. In fact, while gold has steadily risen by about 11 percent since last December, silver has actually fallen slightly. Conventional wisdom would have expected a 20 percent silver rally with gold up by...

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