Is Gold Set to Rally?

Share

Gold prices climbed to a three-week high of over $1,200 an ounce Friday, reacting to news of China cutting benchmark interest rates to help stimulate economic growth. Making more than a six percent gain this month on increasing physical demand and signs of nations adding to their reserves, some are convinced that gold has hit its bottom.

Peter Boockvar, Chief Economic Analyst at The Lindsey Group, is one market guru who just called gold’s recent dips a bottom for gold.

He stands behind gold as a true form of currency:

Bottom line, gold is money and is not just a contra dollar play, it is a contra fiat currency asset in a world where fiat currencies are being created to an extent the world has never seen.

Read more about gold’s positive gains and Peter Boockvar’s views in these top stories:

Gold Rallies to Three-Week High After China Cuts Interest Rates, Bloomberg

Calling a Bottom for Gold, Barron’s

Follow Capital Gold Group on Facebook and Twitter (@startwithgold) for the latest industry news, frequent market analysis, and exclusive offers!

Share

Related Posts:

Posted in Capital Gold Group: Gold Watch | Tagged , , , | Leave a comment

5 MAJOR BANKS FINED BILLIONS FOR RIGGING FOREX MARKETS

Share

no trustWe are all aware of some of the drawbacks of paper currencies, and over the last several years, we have seen how currencies can be inflated, deflated, overprinted, and devalued. But the latest jaw-dropping news is about currency manipulation, and it’s not just a notion.

Global regulators have fined five banking giants $4.2 billion for attempting to manipulate foreign exchange markets. British banks HSBC and RBS (Royal Bank of Scotland), US banks Citigroup and JPMorgan Chase, and Swiss lender UBS, have all been fined by one or more of the following regulators: Britain’s Financial Conduct Authority, the US Commodity Futures Trading Commission, the Swiss Financial Market Supervisory Authority, and the US Office of the Comptroller of the Currency.

The Financial Conduct Authority reported that “ineffective controls” at these five banks (with Barclays still under investigation) allowed traders to put the banks’ interests and their own bonuses ahead of those of their clients. Continue reading our market analysis

Share

Related Posts:

Posted in Capital Gold Group: Gold Watch | Tagged , , , , , , , , | Leave a comment

Get On Your Own Gold Standard

Share

James RickardsIn a recent article, Pentagon insider and bestselling author, James Rickards explains the importance of starting your own, personal gold standard by including physical gold in your long-term savings plan. Establishing financial independence from the actions of the government and central banks is critical to the survival of your hard-earned savings.

“If some scenarios play out, you are going to see the price of gold go up… a lot. And it may go up a lot in a very short period of time. It’s not going to go up 10% per year for seven years and the price doubles. It’s going to chug along sideways, maybe in an upward trend, with a lot of volatility. It will have a kind of a slow grind upward… and then a spike… and then another spike… and then a super-spike. The whole thing could happen in a matter of 90 days — six months at the most.”
—James Rickards

Get an in depth understanding of James Rickards’ views on the future for the U.S. economy and gold prices in this article:

Your Personal Gold Standard, Daily Reckoning

Follow Capital Gold Group on Facebook and Twitter (@startwithgold) for the latest industry news, frequent market analysis and exclusive offers!

Share

Related Posts:

Posted in Capital Gold Group: Gold Watch | Tagged , , , , | Leave a comment

Investment Manager Says Hold Onto Your Gold

Share

In a recent article published on FE Trustnet, Thomas Becket, chief investment officer at Psigma Investment Management, stresses that now is NOT the time to sell your gold. He believes that today’s low price levels and the anticipated geopolitical events standing on the horizon present a tremendous buying opportunity for investors. In fact, he’s confident in saying that…

Gold’s benefits will eventually shine through.

And…

In the short term the price can certainly fall further, but looking further out we expect gold to gain.

He expects gold to gain for these 3 reasons:

  • The same reason gold performed so well 2008–2011 — inflation and instability.
  • Japan and Europe accelerating their stimulus measures with excessive money printing.
  • Increasing demand for gold amongst consumers and central banks in ‘emerging nations’, particularly in Asia.

Read more on Thomas Becket’s expert analysis here:

Becket: Why you are wrong to give up on gold, FE Trustnet

Follow Capital Gold Group on Facebook and Twitter (@startwithgold) for the latest industry news, frequent market analysis, and exclusive offers!

Share

Related Posts:

Posted in Capital Gold Group: Gold Watch | Tagged , , | Leave a comment

A Resurgence in Demand May Be a Turning Point for Gold

Share

Gold made its biggest one-day gain in five months on Friday, climbing more than 2% in a $30 jump, closing higher than $1,170 per ounce. The surge is due to a weaker dollar and a mediocre jobs report.

Recent low price levels have been very attractive to buyers in China and India, where Bloomberg suspects a great resurgence in demand “may signal an end to the longest price slump in more than a decade.”

Read more:

PRECIOUS-Gold rebounds 2 pct from 4-1/2 year low after U.S. jobs data
, Reuters

China Gold Buying Means Price Floor to Standard Chartered, Bloomberg

Follow Capital Gold Group on Facebook and Twitter (@startwithgold) for the latest industry news, frequent market analysis and exclusive offers!

Share

Related Posts:

Posted in Capital Gold Group: Gold Watch | Tagged , , , , | Leave a comment

U.S. Mint Is Sold Out of Silver Eagles

Share

american-silver-eagle-details-lg-01Reuters reported on Wednesday that the U.S. Mint is sold out of American Silver Eagles due to “tremendous” demand over the last several weeks.

The surge in demand is due to silver prices sliding to all time lows.

Read more here:

U.S. Mint temporarily sold out of Silver Eagles amid huge demand”, Reuters

Silver price tumble triggers global scramble for coins, bars, CNBC

Could this be your opportunity to start or grow your precious metals portfolio? Check out Capital Gold Group’s extensive online coin catalog here–>

Follow Capital Gold Group on Facebook and Twitter for the latest industry news, frequent market analysis and exclusive offers!

Share

Related Posts:

Posted in Capital Gold Group: Gold Watch | Tagged , , , , | Leave a comment

U.S. Mint’s American Gold Eagle Sales Increase Again

Share

The U.S. Mint’s American Eagle gold bullion sales head for a second monthly increase, with a reported 56,500 ounces sold so far in October, its highest monthly sales since January and more than double the demand in September. A Reuters article released this week attributes the increase in sales to heightened global uncertainty and growing interest from retail investors in Asia and Europe.

Read the full report here:

U.S. Mint’s Eagle gold coin October sales are highest since January, Reuters

Follow Capital Gold Group on Facebook and Twitter (@startwithgold) for the latest industry news, frequent market analysis and exclusive offers!

Share

Related Posts:

Posted in Capital Gold Group: Gold Watch | Tagged , , , | Leave a comment

Alan Greenspan: Price of Gold Will Rise

Share

Former Fed Chairman, Alan Greenspan, expressed serious concern with the future of US monetary policy in a meeting with the Council on Foreign Relations Wednesday. He stated that the Fed’s quantitative easing program “fell short of its goals”, failing to reduce unemployment and reinvigorate the economy. With the third round of quantitative easing scheduled to end this week, he argues that the Fed will not be able to bring easy-money policies to a complete halt without “trouble”.

In a discussion regarding the Fed’s balance sheet and the price of gold at the New Orleans Investment Conference this past weekend, Alan Greenspan made these remarks:

The Fed’s balance sheet is a pile of tinder, but it hasn’t been lit…inflation will eventually have to rise.

Gold has always been accepted without reference to any other guarantee.

Q: Where will the price of gold be in 5 years?
Greenspan: Higher.
Q: How much?
Greenspan: Measurably.

Renowned investor, Axel Merk, reports on the conference and his insights into Greenspan’s comments in his latest article, Greenspan: The Price of Gold Will Rise.

For more on Alan Greenspan’s doubts regarding the outcome of the Federal Reserve’s bond buying program, read:

Former Fed Chief Greenspan Worried About Future of Monetary Policy, The Wall Street Journal

Follow Capital Gold Group on Facebook and Twitter (@startwithgold) for the latest industry news, frequent market analysis and exclusive offers!

Share

Related Posts:

Posted in Capital Gold Group: Gold Watch | Tagged , , , , , , | 1 Comment

Investor Demand for Silver to Reach One Billion Ounces

Share

A recent press release uncovers new research from The Silver Institute projecting investment demand for silver to increase by 1 billion ounces over the next decade. Compare this number to the 800 million ounces of silver purchased for investment purposes since 2006, and 1 billion undoubtedly becomes a likely impressive win for gold’s little brother.

The institute draws its conclusion on various factors, including a continuing weak global economy and an increasing need for silver’s industrial uses.

Download the full report here:

Total Silver Investment May Increase By One Billion Ounces Over the Next Decade, The Silver Institute

Follow Capital Gold Group on Facebook and Twitter (@startwithgold) for the latest industry news, frequent market analysis and exclusive offers!

Share

Related Posts:

Posted in Capital Gold Group: Gold Watch | Tagged , , , | Leave a comment

Switzerland About to Purchase 1,500 Tonnes of Gold?

Share

November 30th, 2014 will likely change the gold market forever. On that day, the Swiss people will vote on a referendum that would restrict their government from printing paper money and would instead, force it to purchase physical gold bullion — 1,500 tonnes of it over the next three years!

A yay vote on this referendum will have a tremendous widespread effect. It will: Continue reading our market analysis

Share

Related Posts:

Posted in Capital Gold Group: Gold Watch | Tagged , , , , , | Leave a comment