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News — gold

U.S. Labels China “Currency Manipulator,” Gold Soars

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By John McDonald In the wake of breaking news that the United States had formally labeled China a “currency manipulator” and China had retaliated by dropping the price of its currency to a near-historic low, gold prices skyrocketed the night of August 5, 2019.  Even after the upward momentum stabilized the next morning, gold bulls gleefully noted the yellow metal had hit another six-year high overnight. With Asian and European markets volatile and the U.S. stock indexes positioned to open higher the next morning, gold buyers had eased up on activity somewhat as the trading day began.  However, gold and...

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As Dollar Weakens, Get Ready for Strong Gold

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By John McDonald Despite lower unemployment rates than the United States has seen in the past half-century and strong market performance for nearly a decade, the Federal Reserve recently opted to trim interest rates for the first time since the global financial meltdown of 2008. Jerome Powell, Fed chairman, cited stalled manufacturing growth and anticipation of a “world economic slowdown” as reasons for the cut. While the rate-cutting has a number of analysts in a tizzy, gold investors should be watching the Fed’s move with excitement.  It is likely just the catalyst gold needs to outperform the market and replicate...

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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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