Gold Market News

June 27, 2017

Gold prices trade higher on a weaker U.S. dollar. U.S. stocks struggle for direction on selling pressure. Gold last traded at $1,246 an ounce. Silver traded at $16.65 an ounce.

Top money manager says gold may hit $1,500 for the first time since 2013- Market Watch--6.27.17
Frank Holmes, chief executive and chief investment officer at U.S. Global Investors, sees a lot of reasons why gold prices could rally further, potentially as high as $1,500 an ounce.

Rickards on Gold: 21st Century Weapon for Fin. Warfare - Market Slant--6.27.17
Uncontrollable debt and political divisions in the U.S. are clear signs of vulnerability. Only individuals who embrace sound money will thrive in the global economy.

And The Best-Performing Asset Since The Fed Started Hiking Rates Is...- Zero Hedge--6.26.17
Gold has managed to retain its luster since the Fed decided to begin raising rates back in December 2015. Since then, gold has climbed 18% and is getting an added boost from speculation that the Fed will be slow to raise rates further.

The 3 Reasons Why Goldman Just Turned Bullish On Gold - Zero Hedge--6.26.17
Goldman has come out with a report explaining why the bank is now bullish on gold. The bank has laid out three specific reasons for this believe and is expecting gold to far surpass the year-end target of $1.250 an ounce.

Louisiana Ends Sales Tax on Gold And Silver Bullion- Gold Seek--6.26.17
Louisiana has become the latest state to remove sales taxation of precious metals, specifically gold, silver and platinum coins and ignots.

9.5 Trillion Reasons Gold and Silver Are Looking More Lustrous Than Ever - The Motley Fool--6.23.17
According to Fitch Ratings, $9.5 trillion worth of sovereign debt was yielding a negative interest rate as of May. In other words, bondholders are paying the government to hold their money and certain Wall Street pundits view this as a disaster waiting to happen and will act as a superior catalyst to push gold and silver prices higher over the intermediate and long term.

How Gold Bulls Can Beat Wall Street In The Stock Market, Too- Seeking Alpha--6.22.17
Gold bulls can use their flexibility, awareness and knowledge of the precious metals market to outperform and beat Wall Street stock bulls. Gold bulls can also have a game plan in place when the stock bull market ends, and preserve their gains much better than people who rely only on Wall Street.

Why I have been investing in gold, by investor of £1 billion - What Investment--6.22.17
Alastair Mundy, who runs Temple Bar Investment Trust, reveals why he is heavily invested in gold and silver. Mundy believes understanding and reacting to central bank policy in the years ahead is crucial for investors and chooses to invest in gold and silver as a hedge against inflation.

Owning Gold Is The First Step To "Freedom Insurance" - Zero Hedge--6.21.17
A government in need of cash will eventually turn to destructive "solutions" such as money printing, higher taxes, and more regulations. The ultimate way to diverse your savings is to transfer it out of immediate reach of your home government and into something tangible, like gold and silver.

2017 Mid-Year Stock Market Outlook: 4 Charts Show It's Time To Buy Gold - Forbes--6.21.17
Gold is due for a mean reversion. The U.S. stock market is overvalued as the bull market celebrates its eight-year anniversary in March, suggesting a pullback is long overdue.

Gold Slightly Up On Technical Bounce, Weaker Equities - Forbes--Gold prices ended the day slightly higher on short-covering and technical chart consolidation. Gold prices also benefited on mostly weaker world stock markets.

What You Can Learn From Billionaires Who Invest in Gold - Newsmax--6.19.17
There are a few successful billionaires who swear by investing in gold. Billionaires like gold because it maintains its purchasing power over time and helps diversify an investment portfolio.

India's gold imports surge 3-fold to $4.95 billion in May- The Economic Times--6.16.17
Imports of gold, silver and precious metals recorded a growth of 128% in May while gems and jewellery exports rose 6% in the month in India.

Gold Can Break Above $1,300 Over Next 12 Months; When Will It Hit $2,000?- Barron's--6.14.17
Geopolitical risks could catapult gold to above $1,300 an ounce over the next 12 months. According to one expert, gold prices are likely to rise above $2,000 an ounce by 2025.

Invest in Metals to Protect Your Assets in a Crisis - Guru Focus--6.13.17
Diversifying one's portfolio by investing in metals will ensure that your assets will survive any economic collapse. Sometimes all it takes for the market to tank is the potential for a crisis.

Why The World's Billionaire Investors Buy Precious Metals- Zero Hedge--6.12.17
Billionaire money managers are professional investors that not only want to make money, but execute strategies that will protect their wealth. Many of these billionaire investors turn to gold as part of their overall investment strategies.

The Price of Gold Could Rally Past $1,300 After the June FOMC Meeting- Money Morning--6.12.17
The price of gold could start climbing and reach $1,300 an ounce if the Fed decides to raise rates on June 14, according to one expert. If gold hits $1,300 an ounce, the yellow metal will be up 8.56% year to date.

These four charts show why gold could be heading much higher- CNBC--6.7.17
Gold prices have hit the highest level since election night and, according to several charts, is expected to head even higher. One expert is predicting gold at $1,375 an ounce.

Gold Prices Look Ready to Blow Past $1,300 on Rising Levels of Fear- The Street--6.6.17
Gold rallied to just under $1300 an ounce and is expected to rise even more. Geopolitical uncertainty has contributed to gold's recent success.

 
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