February 12, 2016 Mark Cuban Bullish on Gold!
When it comes to gold, traders including billionaire investor Mark Cuban are turning to the options market.
“When traders don’t know what to do, they go where everybody is, and I thought there was a good chance that would be gold,” Cuban said.
Read MoreCuban: ‘Confused’ about markets, betting on gold
December 11, 2016 spot gold price is $1,250.89.
That’s $52.28 more than yesterday. And, it’s a staggering $188.90 more than the start of 2016.
Carsten Menke, an analyst at Julius Baer, has told Reuters, “The safe-haven seekers are moving back. We recommend clients add gold to their portfolios as insurance, if things turn out really bad, there will be much more upside.”
If you’ve been waiting to protect some of your savings to gold, this may be your best last chance!
Gold up $44.30
December 1, 2014 Miami Beach, FL- Gold prices sharply higher on short covering and bargain hunting. U.S. stocks open lower on downbeat economic news from China and volatile commodity prices. Gold last traded at $1213.80 up $44.30 an ounce. Silver at $16.56 up $.88 an ounce.
Gold rebound coming in 2015: George Gero – CNBC–11.25.14
According to expert George Gero of RBC Capital Markets the bullion trade is set to turn around in 2015. Due to all of the stimulus in Japan, China and Europe, investors are going to see some major changes more….. http://www.cnbc.com/id/102217851
Precious Metals are quiet while the Volitility in the Equity Markets continues!
Park Avenue Numismatics, Miami Beach, FL – October 15, 2014 – Precious metals had a rather quiet Monday and Tuesday as the tug of war continues between U.S. equity weakness, lower bond yields, very weak German economic data, a strong USD and the collapse of energy prices led by the fall in crude oil. Gold’s sensitivity to a move in the USD was front and center overnight as all four precious metals moved sharply lower during Asian trading hours as the USD was probing higher, gold and silver traded down to $1,222.00 and $17.02.
In early U.S. trading, gold and silver have recovered and reversed as they are now positive on the day while platinum and palladium are still down on the day, but well off the Asian lows. Shockingly weak economic date from Germany, weak economic data here in the U.S., another huge sell-off in U.S equities, an enormous rally in bonds which sees the 10-year yield below 2.00 percent, another big sell-off in crude oil and another confirmed Ebola case in the U.S. are all making this a very volatile day. Perhaps this is the day where gold and silver find concerned investors in other markets looking for insurance and we finally see a big rally in our market.
Stocks slide and Gold is up on the safe-haven trade
Park Avenue Numismatics, Miami Beach, FL – September 23, 2014 – U.S. stock investors remained skittish on Tuesday, sending the main benchmarks lower as investors sought safe havens such as gold and Treasuries. Perhaps the biggest drag on the market mood was weak European data, which overshadowed better-than-expected Chinese manufacturing numbers. U.S. airstrikes in Syria on Monday evening against extremist fighters, known as the Islamic State, reminded traders of heightened geopolitical risks. Gold is currently up $6.60 to $1,222.40 an ounce and silver $0.4 to $17.87 an ounce.
Gold Prices ended higher on Monday ahead of Fed’s Policy Meeting
Park Avenue Numismatics, Miami Beach, FL – September 16, 2014 – Gold prices ended higher on Monday in front of the Fed’s policy meeting later in the week. The U.S. equity markets continued it downward trend with losses led by technology stocks. Many analyst believe that the fundamentals of the economy does not the support the markets recent record highs. Geo-political concerns continue to mount all around the world and this is also causing fear in the markets worldwide. If the market continues to weaken, Gold will then again become a safe-haven trade and has the potential to move much higher after going down over the past few weeks. Gold last traded up .60 at $1,234.30 an ounce.
Gold prices slightly higher in early session trading
Park Avenue Numismatics, Miami Beach, FL – September 3, 2014 – Gold prices are up slightly from Tuesday’s 11-week low, shaking off concerns of a strengthening dollar and an improving U.S. economy to show signs of life. Gold prices have been lower on a stronger U.S. dollar and lower oil prices. U.S. stocks ended lower on Tuesday despite data showing U.S. manufacturing expanded at the fastest pace in three years. In early session trading, Gold is $1,267 and ounce and Silver is $19.25 and ounce.
Gold prices are higher due to safe-haven buying
Park Avenue Numismatics, Miami Beach, FL – August 28, 2014 – Gold prices are higher on Thursday, due to safe-haven buying, short covering and perceived bargain hunting. Geopolitics is top-of-mind with investors as a three-day U.S. holiday weekend approaches. There are reports out of Europe that the Ukrainian president said the Russian military has invaded his country and is occupying eastern Ukraine towns and villages. There is reportedly ongoing fighting between the Russian and Ukraine armies. A Russian official denied that Russian troops are in eastern Ukraine. Gold, U.S. Treasuries and the U.S. dollar index were all supported on safe-haven demand amid this news. Meantime, world stock markets saw some selling pressure from the keener risk aversion in the market place Thursday. Some better U.S. economic data did push gold prices down from the daily highs. Gold was last up $7.10 at $1,290.80 an ounce. Silver last traded up $0.12 at $19.66 an ounce.
Gold prices are calm on Wednesday
Park Avenue Numismatics, Miami Beach, FL – August 27, 2014 – Gold prices are calm on Wednesday as investors main focus remains is on equities in the wake of the S&P 500’s first-ever close above 2,000. Yesterday, the stock market continued its melt up, but it didn’t stop gold from gaining ground, even after a stronger dollar brought prices down near two-month lows. The latest batch of upbeat economic data showed better-than-expected consumer confidence, although the report on durable-goods orders was more mixed. With all the strong data being released, it will be a very positive sign for Gold if the precious metal can hold at these levels.
Gold prices finished higher Tuesday
Park Avenue Numismatics, Miami Beach, FL – August 26, 2014 – Gold prices finished higher Tuesday. Gold held on to gains after data showed U.S. orders for durable goods jumped more than 22% in July, driven by big orders for Boeing aircraft. Excluding the transportation sector, sales were down 0.8% amid widespread weakness. Investors will also get the Conference Board’s consumer confidence index and the Richmond Fed survey of manufacturing activity. Due to geopolitical concerns around the world such as ISIS fighters in Iraq, Russia/Ukraine tensions and the fighting in the Gaza strip, many investors believe that gold is getting ready to make a move back over $1,300.00 an ounce. Gold settled up $6.30 at $1,285.20 an ounce. Silver settled up nearly 3 cents to $19.39 an ounce.