January 2017 - Week 4 Edition
Barron’s Changes from Gold Bear to Gold Bull in One Month
On December 26, 2016, Barron’s’ Commodities Corner column was titled “The End of a Golden Era.” In that article, Barron’s reported on the new bearishness among many Wall Street pundits, who assumed that gold’s post-election correction would continue throughout 2017. But four weeks later, On January 23, 2017, Barron’s Commodities Corner had a completely different outlook on gold – after it had recovered.
January 2017 - Week 4 Edition
What the Networks Did Not Tell You About Last Week’s Inauguration
On Thursday, I attended the Texas-hosted Trump Inaugural Ball (called “Black Tie & Boots”) featuring popular musical acts such as Clay Walker, Kevin Fowler, The Beach Boys, Tanya Tucker and the Gatlin Brothers. So much for the mantra many of the media kept repeating that no name entertainers were participating.
January 2017 - Week 4 Edition
What the Networks Did Not Tell You About Last Week’s Inauguration
On Thursday, I attended the Texas-hosted Trump Inaugural Ball (called “Black Tie & Boots”) featuring popular musical acts such as Clay Walker, Kevin Fowler, The Beach Boys, Tanya Tucker and the Gatlin Brothers. So much for the mantra many of the media kept repeating that no name entertainers were participating.
January 2017 - Week 3 Edition
Gold is Up in 2017
So far in 2017, gold is up 3.8% vs. only 0.6% in the Dow Jones index, but the New Year is still young. Gold reached $1,200 last Thursday for the first time since November 22, 2016.
January 2017 - Week 2 Edition
2016 American Eagle Gold Sales Were the Best Since 2011
The U.S. Mint just reported that their American Gold Eagle sales reached almost one million ounces in 2016, the best sales total since 2011.
December 2016 - Week 4 Edition
Gold Will Likely Rise in 2017
As we close 2016, gold will likely rise for the full year, but stock indices will likely beat gold in 2016 for the fourth straight year. From 2001 to 2012, gold beat stocks each year. Then, stocks beat gold for the last three full years.
December 2016 - Week 3 Edition
Outlook for Gold in 2017
Just like last year, the Fed has promised several more interest rate increases in the coming year, and that prospect has pushed gold prices down. But what if 2017 is a repeat of 2016, with the Fed backing away from its promises once again. Gold could stage another first-half rally, as it did in 2016.
December 2016 - Week 2 Edition
Trump’s Election Boosted the Sales of Many High-Priced Coins
While gold bullion has declined since the November election, demand for extremely rare coins has risen. There’s a growing sense of optimism among entrepreneurs and collectors I talk with that business and income will generally improve during Trump’s presidency. This seems to be manifesting itself in a surge of high-end numismatic sales that is atypical for December.
December 2016 - Week 1 Edition
Silver Beats Gold (and Stocks) in 2016
Italy staged a vote similar to Brexit on Sunday, in which Italian voters rejected a call to make the Prime Minister more powerful. This is one of a series of important votes in Europe pointing toward the eventual weakening or dissolution of the European Union (EU). In time this will hurt the euro. As a result, some major European banks have upped their price projections of silver for 2017.
November 2016 - Week 5 Edition
Some Major Financial Firms See $1,440 to $1,550 Gold in 2017
Britain’s HSBC bank is projecting gold at $1,550 per ounce by the end of 2017. Trump’s protectionist stance in the campaign, if he follows through with it while in the White House, could trigger trade wars that will destabilize global markets, which would boost gold prices.
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