I've written about the importance of having a will before. But not everything you own is controlled by a will when you die.Some of your most valuable assets, for example, life insurance benefits, employer-sponsored retirement plans, IRAs, and annuities allow you to name a beneficiary. And that designation overrides what you have in your will.Naming a beneficiary on your retirement plan documents o...Read More
You would think I asked her to go to school wearing a dunce cap!“Dad, there’s no way I can wear that sweatshirt! It’s NIKE!”Rebekah, my thirteen year old, was late for cheer practice and needed a sweatshirt. I found one next to the front door and tossed it to her.She was mortified.“Can’t you see I’m wearing Adidas pants? And the three stripes on my shoes?...Read More
May 03, 2018 Guest(s): Gerald Celente Publisher, The Trends Journal Equity markets are overvalued and overleveraged, and a crash on the scale of the last recession could be on the horizon, said Gerald Celente, publisher of the Trends Journal. Celente told Kitco News that one possible trigger for such a crash could be an escalating war in the Middle East. "If we have a war that involves Iran, kis...Read More
Precious metals expert Michael Ballanger discusses recent moves in gold and silver.For me, the greatest asset my dog Fido, a German Rottweiler and French Poodle mix, is his uncanny ability to sense when the gold and silver markets are going to turn. Whenever gold runs into its generally accepted waves of interventionalist price "management" (otherwise known as "manipulation") by the unregulated an...Read More
Jordan Roy-Byrne, Founder of The Daily Gold does a great job of considering both the positive and negative factors in the metals market. In this segment we address the negative side of the things that have him a little concerned moving forward.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Pre...Read More
By Ira EpsteinStrong afternoon Dollar tanks gold.http://iraepstein.com/ Read More
Goldman Sachs is moving forward with plans to establish what appears to be the first Bitcoin trading operation at a Wall Street bank.Continue...Read More
LONDON, 2 May 2018 - Professional money managers are acting in stark contrast to private investors and buying gold this spring says BullionVault director of research Adrian Ash, writing exclusively in the latest issue of Portfolio Adviser.Published monthly for UK wealth managers, private bankers and advisers, the magazine reports news, views and data from across the finance industry."While gold de...Read More
Stock market is reaching cycle highs. S&P high is getting closer. Bond markets are looking positive. The dollar is headed higher. Gold could be heading much lower in September after its current bounce is over. Charles doesn't see any inflation ahead, but deflation could be coming back. Crude oil could be going lower to under $65. The next two months are going to be very interesting for sure.?>>?Ch...Read More
(Kitco News) - Chinese authorities seized 600 computers used to mine bitcoin after a massive power surge was noticed in the local grid, according to media reports.“[It was] the largest power theft case in recent years,” state news agency Xinhua quoted police as saying.The seizure took place in the city of Tianjin, located in northern China. And police also confiscated “eight high...Read More
BENGALURU, May 2(Reuters) - Gold prices edged up early Wednesday, having fallen almost one percent in the previous session on the back of a stronger U.S. dollar to hit their lowest level this year.FUNDAMENTALS* Spot gold was up 0.2 percent at $1,306.51 per ounce at 0118 GMT. Gold fell to $1,301.51 in the previous session, its lowest level since Dec. 29.* U.S. gold futures for June delivery rose ab...Read More
U.S. Mint American Eagle gold coin sales collapse to weakest April since 2007 giving contrarian value buyers another buy signalby Renita D. Young of ReutersSales of U.S. Mint American Eagle gold coins dropped to their weakest April since 2007, while silver coin purchases for the month rose 10 percent higher than last year, U.S. government data showed on Monday.The U.S. Mint sold 4,500 ounces of...Read More
The Iran issue after Israel accused Iran of hiding nuclear weapons prevented gold and silver from a big crash. Any increase in Iranian risk will result in crude oil prices galloping to $90 by next month. Gold will also follow the crude oil trajectory as an inflation hedge. The pace of rise of gold will lag crude oil. But I am sure gold will rise. Gold could trade in a $1237-$1430 wider range in...Read More
(Kitco News) - Keeping most of your wealth in the stock market might not be a good idea, according to one Egyptian billionaire, who invested half of his $5.7 billion net worth into gold believing that prices could rise to $1,800 on “overvalued” stock market.“The stock market is overvalued and I feel that another crash will happen. That is why 50 percent of my net worth is in gold...Read More
A combination of selling and dollar strength continues to weigh heavily on gold pricing. Recent price declines beginning on April 16 have resulted in gold losing almost $50 in value. After trading to an intraday high of $1,358 per ounce, in just nine trading days gold hit its lowest trading point since March 1 of this year.While selling pressure has undoubtedly been a significant component of this...Read More
Gold still under pressure from dollar strength, Treasury yield spike.All-important test of the 200-day MA will determine its immediate fate.Relative strength factor still lacking for gold, however.With the dust not yet having settled from the recent rally failure of the gold price, the yellow metal has returned to a position all too familiar with gold bulls. The bulls are now searching for a catal...Read More
However, the tech sector helped prop up the Nasdaq and S&P The Dow failed to recover from this morning's disappointing earnings releases from Pfizer (PFE) and Merck (MRK), closing the first session of May in the red. A strong rebound in tech stocks helped the Nasdaq and S&P finish in the black, however. Meanwhile, another uptick in the U.S. dollar drug down oil prices, pressuring the broader energ...Read More
A yield curve rising from extremely low levels is a worst-case scenario for stocksTreasury yields made the news recently when the 10-year Treasury yield hit 3% for the first time since early 2014. Shorter-term rates have been increasing even faster. The spread between the 2-year and 10-year Treasury yields has narrowed to its lowest level since late 2007, just before the 2008 stock market crash. T...Read More
WASHINGTON (Reuters) - U.S. Trade Representative Robert Lighthizer said on Tuesday it was not his objective to change China’s economic system, but he would try to find ways to limit the damage it causes to the United States and open it further for U.S. companies.Speaking at the U.S. Chamber of Commerce ahead of his participation in a Trump administration trade delegation to China later this...Read More
MEXICO CITY (Reuters) - The United States, Mexico and Canada should be able to conclude the renegotiation of the North American Free Trade Agreement (NAFTA) if enough creativity and flexibility are shown, Mexican Economy Minister Ildefonso Guajardo said on Tuesday.Speaking at a news conference, Guajardo also told reporters that his government would not accept any potential U.S. tariffs on Mexican...Read More