-
Gold makes biggest jump in two months on U.S. payrolls data
- April 1, 2015
- Posted by: Orkan Ozkan
- Category: News
1 CommentGold made its biggest jump in two months on Wednesday, rising back above $1,200 to end the day at $1,204.10/oz. Data from the ADP Research Institute showed that U.S. companies added 189,000 workers in March, the smallest gain since January 2014. Economists surveyed by Bloomberg were expecting the number to be around 225,000. The disappointing figures fed speculation that the
-
U.S. stocks sell off, dollar falls…time to buy gold?
- March 25, 2015
- Posted by: Orkan Ozkan
- Category: News
The U.S. stock market suffered its third straight day of losses on Wednesday and the dollar slipped after disappointing government data had investors worried about economic growth. The Nasdaq was the biggest loser, falling more than 2% after news of a merger between Kraft Foods and Heinz Co. triggered a sell off. The Dow lost 292.6 points, or 1.62%; the
-
Gold hits 2-week high, will reach $1,300 by May?
- March 24, 2015
- Posted by: Orkan Ozkan
- Category: News
Gold finished Tuesday at a 2 1/2-week high of $1,194.10, rising for the fifth straight session after comments by Federal Reserve Vice Chairman Stanley Fischer fueled speculation that an interest rate hike won’t happen until September. MacNeil Curry, head of global technical analysis at Bank of America Merrill Lynch, believes this is just the beginning of a
-
Peter Schiff: The dollar is going to crash; buy gold
- March 20, 2015
- Posted by: Orkan Ozkan
- Category: News
Peter Schiff, CEO of Euro Pacific Capital and long-time proponent of gold, is not buying the dollar hype. Speaking to Aaron Task on Yahoo Finance’s Market Pulse, Schiff projected that the U.S. dollar is going to collapse, and “people are going to turn to gold, in a big way, all around the world.” See below for video of
-
Gold surges more than 2% after Fed loses its “patience”
The Federal Reserve released its post-meeting statement on Wednesday, this time lacking a key word that has been intriguing investors for months. The Fed had continuously been saying it would be “patient” on raising interest rates, but that word was dropped from the latest statement. It also cut its forecast for U.S. economic growth in 2015. U.S. stocks and
-
Hedge fund manager Andy Redleaf: “It’s a truly scary time”
- March 17, 2015
- Posted by: Orkan Ozkan
- Category: News
Hedge fund manager Andy Redleaf warned investors about the last financial crisis…and now he’s warning them again. “I think it is a truly scary time.” Redleaf, who is CEO of $4.2 billion hedge and mutual fund manager Whitebox Advisors, said “I think it is a truly scary time” in an internal memo Sunday obtained by CNBC.com. He
-
Time is gold: Apple to release watch containing 18-karat gold
They say time is money, but for Apple, time is gold. The technology giant is set to release a luxury edition of its Apple Watch in late April, called the Apple Watch Edition, that is encased in 18-karat gold. The cost? $10,000, as revealed at the highly anticipated Apple event on Monday. According to the
-
Mining CEO Rob McEwen forecasts $5,000 gold
Rob McEwen, founder of the major gold mine Goldcorp and CEO of McEwen Mining, told investors at the Prospectors & Developers Association of Canada (PDAC) convention on Wednesday that he continues “to believe we’re going to see higher prices in gold.” How much higher? Up to $5,000/oz., he suggested in his presentation. He spoke of the exploding U.S.
-
Did Alan Greenspan hint at a market correction coming?
- February 24, 2015
- Posted by: Orkan Ozkan
- Category: News
Former Federal Reserve Chairman Alan Greenspan has not been shy in his criticism of the Fed’s current policy and his praise for gold’s “special properties that no other currency, with the possible exception of silver, can claim.” At the New Orleans Investment Conference in October of last year, he reportedly delivered a bombshell during private conversation with resource
-
Gold is low. Stocks are high. What are you waiting for?
- February 18, 2015
- Posted by: Orkan Ozkan
- Category: News
After touching $1,300/oz. in late January, gold is back to hovering around its familiar $1,200 resistance level. And as you probably know, the stock market is at all-time highs. So what are you waiting for? SELL STOCKS / BUY GOLD We are currently in one of the longest bull market runs in the U.S. stock market’s
How can we help you?
Contact American Bullion with any questions about your Gold IRA and investment strategies. Our agents are ready to help get your started!