Gold price holding above $4,200 as Philly Fed survey drops to -12.8
(Kitco News) – The gold market has been unable to hold its gains at session highs, even as prices remain solidly above $4,200 an ounce, after the Philadelphia Federal Reserve reported a sharp contraction in its regional manufacturing survey.
Read moreBitcoin October 16 daily chart alert – Bulls work to stabilize prices
(Kitco News) – Thursday, October 16–October bitcoin futures prices are firmer in early U.S. trading Thursday. Bulls are working to stabilize the market after serious near-term technical damage has occurred recently.
Read moreGold market analysis for October 16 – key intra-day price entry levels for active traders
(Kitco News) – This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher.
Read moreStrong price gains for gold, silver as both power to all-time highs
(Kitco News) – Gold and silver prices are sharply higher and hit record peaks overnight. December gold hit a new all-time high of $4,263.40 an ounce, as of this writing. December silver reached a record high of $52.89 an ounce.
Read moreAllocate 20% to gold and silver, and miners offer the most upside – Sprott’s Schoffstall
(Kitco News) – Investors would be wise to consider transitioning from the traditional 60/40 portfolio to a 60/20/20 one which includes a 20% allocation to gold and silver – and mining equities will likely have bigger upside within that 20% than the metals themselves, according to Steven Schoffstall, director of ETF product management at Sprott.
Read moreNo reason to sell gold just yet – Tanglewood CIO Merrill
(Kitco News) – The gold market continues to show robust fundamentals that support prices at record highs near $4,200 an ounce. However, one thing the market is lacking is sellers, as many investors see no urgency to take profits amid this strong momentum.
Read moreEscalating trade tensions with China make rate cuts even more urgent – Fed’s Miran
(Kitco News) – The recent escalation in trade tensions between the United States and China has increased the level of uncertainty in the growth outlook, and this makes it more important for policymakers to quickly lower interest rates, according to Federal Reserve Governor Stephen Miran.
Read moreGold miners are still cheap as record prices revive investor interest, says GOLDX’s Mancini
(Kitco News) – After a dismal few years for the mining sector, investor attention is returning to the market as gold and silver continue to set record highs, and with momentum showing no signs of abating.
Read moreGold sees solid gains, hits another all-time high; silver sharply up
(Kitco News) – Gold prices are solid higher near midday Wednesday and December futures hit a record peak of $4,235.80 overnight. Silver prices are also sharply up today.
Read moreGold ‘could easily go to $5,000 or $10,000 in environments like this’ – JPMorgan’s Jamie Dimon
(Kitco News) – Given current market conditions, it makes sense for investors to eat the opportunity cost and hold gold in their portfolios, as the precious metal could easily double in price from its current all-time highs, according to JPMorgan CEO Jamie Dimon.Dimon is by no means a gold bull, so admitting that there is “some logic” in owning it even after its massive price rally is a major concession for him.
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