Tag: gold prices
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![Nexus Gold (NXS.V) Canada’s empty houses are now worth $600 billion – should you sell your house and buy gold?]()
Nexus Gold (NXS.V) Canada’s empty houses are now worth $600 billion – should you sell your house and buy gold?
In 2009, I worked beside a razor-sharp Chartered Financial Analyst (CFA) who was obsessed with the wealth creation opportunities in gold juniors. The dude could read charts like a gypsy reads tea leaves. Bollinger bands? Momentum indicators? Fibonacci Numbers? That was his jam. This same guy really hated the Vancouver real estate market. In fact,…
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Are CNN’s Chinese reporters playing dumb?
“China’s economic slowdown keeps getting worse,” wrote CNN reporter Laura He on September 16, 2019, “That could give the country incentive to repair its trading relationship with the United States.” Indeed, it could. It could also give China incentive to ban ping-pong or mandate the eating of cheeseburgers on Tuesdays. If China is “slowing down”,…
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Gold gave me $65,000 this week – but I still don’t trust her
One summer, vocationally and emotionally adrift, I fell in love with a tall older woman who wore metallic sparkles in her hair. She liked to tell stories. Her favorite one was about how we were going to get rich together. Not embarrassing rich. Just rich-enough-not-to-give-a-fuck. I believed in her. I gave her everything I had.…
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![Gold is getting interesting]()
Gold is getting interesting
Yesterday gold prices popped $25 to USD $1,418 as Federal Reserve Chair Jerome Powell made a case for lower interest rates. Many investors believe that lower interest rates will automatically push gold prices up, but in the last 50 years, the correlation has only been about 28%. “We see the case for a somewhat more…
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Martini-time for gold investors as the U.S. treasury yield curve inverts
This week the 3-month U.S. Treasuries are yielding more than 10-year notes. For the last 50 years, a yield curve inversion, has been an infallible predictor of recessions. The spread between 3-month bills and 10-year Treasuries has inverted before each of the past seven recessions. Bianco Research determined that historically, a recession arrives 12-18 months…
