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News — stock market

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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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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Gold Bulls “Back in Control” as Values Near 6-Year Highs

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By John McDonald As more precious-metals speculators buy up increasingly large amounts of gold, a rally that could take the metal higher than it has been since August 2013 gains steam. Gold values have hovered around $1,400 for several days, but with the Federal Reserve’s interest-rate cut coming in smaller than the markets and investors had hoped and economists warning the Fed is destroying its own credibility along with that of the U.S. dollar, gold is likely to sustain its rise for the duration of 2019, if not longer. As Edward Moya, a senior market analyst at Oanda Corp., said...

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MarketWatch Claims Investors Are More Bearish Than Anytime Since 2008… But Are They?

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By John McDonald Both the S&P 500 and the Dow Jones Industrial Average have been booming upwards with hardly a pause since the day after Donald Trump won the Presidency of the United States in November of 2016. Having bolted upwards by over 40% from then to today’s close at 3,003.67, the S&P 500 appears strong and headed higher still. Yet the “experts” at MarketWatch tell us that investors have not been this bearish since 2008. Something seems a bit “off”. One wonders: Who are the “investors” to whom MarketWatch refers? Are these “investors” actually representative of the collective psyche...

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