News Articles

America has chosen Donald Trump to be its next President and the world markets, whether metals, gold, bonds, equities or Forex are all highly volatile . . . .

Sales of the final coin in the U.S. Mint’s 2016 Centennial coin program — the 2016-W Walking Liberty gold half dollar — have gotten underway, and according to the Mint, 43,728 were sold during the first day of sales out of a maximum of 70,000 coins . . . .

If just 2 percent of current Islamic finance assets are allocated to gold, a huge new source of demand – roughly equal to China’s total purchases in 2015 – will soon enter the market. And this could push gold prices higher… a lot higher . . . .

By the end of 2016, 1.6 billion people will likely have a new gold investment standard for the first time in modern history . . . .

Our assumption – along with many others – was that gold would soar on a Trump victory. At first, gold exceeded $1,350 overnight, while the Dow index lost 800 points, but those markets reversed the next day and have gone in opposite directions ever since – with gold down to $1,222 and the Dow at record highs.

The main reason why gold went down is that . . . .

Gold is no longer vulnerable.  It has entered a nice buying area. The $1225 - $1200 price zone is both technically and fundamentally important.  Here’s why . . . .

James Rickards, economic and monetary expert, joined Francine Lacqua on “Bloomberg Surveillance” yesterday to discuss Trump and whether he will be good for markets, the economy and for gold . . . .

Gold futures dropped Friday to mark their lowest finish since June, as strength in the U.S. dollar and equities this week, and growing expectations for a Federal Reserve interest-rate increase next month, fueled the largest weekly decline in more than three years . . . .

London-based gold dealer Sharps Pixley Ltd. is running out of bars and coins as buying surges after Donald Trump won the U.S. presidency . . . .

To the relief of some but the worry of many others the US election is now just days away. Unlike past elections this one appears to grown more uncertain and fraught the closer it gets . . . .