Blog
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Janet Yellen: “The labor market has yet to fully recover.”
- August 22, 2014
- Posted by: Orkan Ozkan
- Category: News
No CommentsSpeaking at an economic summit in Jackson Hole, Wyoming featuring top economists and central bankers from across the globe, U.S. Federal Reserve Chairwoman Janet Yellen remarked that “the labor market has yet to fully recover” from the 2007-8 financial crisis. See the full text of her speech. Other important remarks Yellen made include: Wage growth
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Mixed Sentiments in Latest Federal Reserve Meeting Minutes
- August 21, 2014
- Posted by: Orkan Ozkan
- Category: Government
Minutes from the U.S. Federal Reserve’s late-July policy meeting released on Thursday were mixed in terms of a possible earlier interest rate hike. Market reactions were mixed as well, as gold fell to a two-week low, bond yields dipped, and stocks and the U.S. dollar fell at first but then rallied. “The hawkish voices within the Fed have become louder. While
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Is George Soros Betting More Than $2B on a U.S. Stock Market Collapse?
- August 20, 2014
- Posted by: Orkan Ozkan
- Category: News
Newsmax reports that billionaire investor and business magnate George Soros has upped his financial wager that U.S. stock market will suffer a collapse within the coming months. He now has a negative bet on the Standard & Poor’s (S&P) 500 Index of $2 billion. Investors have been watching Soros up this ante since late last year. As of
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Gold Breaks Losing Streak, Palladium Near 13-Year High
- August 19, 2014
- Posted by: Orkan Ozkan
- Category: News
Geopolitical tensions aided gold in ending a two-day losing streak on Tuesday morning, but a stronger U.S. dollar and booming equities market curbed gains. Spot gold rose 0.3% to $1,301.14 an ounce, trading in a small $5 an ounce range indicating low trading volumes. Palladium, an oft-forgotten precious metal, made headlines by almost reaching its 13-year high of $900 an
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Top Central Bankers and Economists to Meet Secretly in Jackson Hole, WY
- August 18, 2014
- Posted by: Orkan Ozkan
- Category: News
Anticipation is building and predictions are brewing as central bankers and economists from around the world are set to meet in Jackson Hole, Wyoming this Thursday-Friday for an annual summit. Minutes from the U.S. Federal Reserve’s and the Bank of England’s latest meetings are also due on Wednesday of this week. (For more information, see
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This Week in Gold: More Geopolitics, Gold Outperforms, Silver Trends
- August 15, 2014
- Posted by: Orkan Ozkan
- Category: This Week in Gold
This week in gold, more Russia/Ukraine concerns helped gold pass $1,310, data showed that gold has outperformed all other major asset classes this year, and an analyst from Casey Research gave seven reasons he is excited about silver and its potential. On Friday morning gold was at $1,303.03 an ounce by 8:16 am PST after some new Ukraine headlines
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Casey Research Editor: “Top 7 Reasons I’m Buying Silver Now”
- August 14, 2014
- Posted by: Orkan Ozkan
- Category: News
While gold has many advantages when it comes to protecting your wealth, silver can also be a great addition to your portfolio offering some benefits that gold does not. For example, the silver price has been hovering around $20 per ounce over the past year, and its highest-ever price was about $50 an ounce. Compared to gold, platinum, and
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Gold Has Outperformed All Major Asset Classes This Year
- August 13, 2014
- Posted by: Orkan Ozkan
- Category: News
The chart below from Reuters shows that gold, despite its somewhat disappointing performance lately, has still been outperforming all major asset classes this year. This can be attributed partly to the heavy amount of geopolitical risk present as of late – according to Zero Hedge, 11.7% of the world is at war right now
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Gold Passes $1,310 on More Russia/Ukraine Concerns
- August 12, 2014
- Posted by: Orkan Ozkan
- Category: News
Spot gold went up 0.3% to $1,314.80 an ounce on Tuesday morning, while gold for December delivery was up $6.00 an ounce at $1,316.50. Analysts are citing geopolitical concerns regarding Russia and Ukraine as well as falling confidence in the U.S. and European economies. Ukrainian military spokesman Andriy Lysenko said on Monday that Russia had amassed 45,000
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This Week in Gold: Ron Paul, India, Retirement, More Geopolitical Woes
- August 8, 2014
- Posted by: Orkan Ozkan
- Category: This Week in Gold
This week in gold, Ron Paul explained to CNBC why he still believes in gold, India continued its deep culturally-embedded love affair with the yellow metal, high levels of geopolitical and economic woes shook markets, and a study gave insight into how much is enough to retire happy. Looking back at the week, we are reminded
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