gold Market News silver 

Gold Price Makes Comeback Rally Over Mideast Tensions

Gold’s price rallies back above $1,500 a troy ounce on Monday. | Image: Shutterstock Gold’s price staged a large relief rally on Monday, as investors’ risk appetite soured following the latest developments in the Middle East. Dow futures also fell sharply ahead of the opening bell in New York, mirroring a subdued market for stocks. Gold Rises; Silver Follows Precious metals advanced sharply on Monday even as the U.S. dollar strengthened against a basket of its major peers. Dollar-denominated gold and silver often move inversely with the greenback because the…

Read More
bitcoin Cryptocurrency News gold Ray Dalio travis kling 

Precious Metals Rally but Are Gold Bugs Secretly Holding Bitcoin?

Gold stocks are on a tear. So much so that one analyst believes that they are about to become the next FAANG stocks, the latter of which represent high-flying tech companies that have been fueling much of the stock market’s gains lately. On CNBC, Wolfe Research Technical Analyst John Roque touts what he calls the BAANG stocks, which are a group of five gold companies that together have advanced more than 40 percent since May. These companies include Barrick Gold, AngloGold Ashanti, Agnico Eagle Mines, Franco Nevada, and Gold Fields….

Read More
Cryptocurrency News Donald Trump gold Iran U.S. Politics 

Iran Punks Trump With Historic Gold-Backed Crypto Scheme

Days after President Trump slammed bitcoin and the very idea of crypto, geopolitical foe Iran revealed that it is ready to unveil its own gold-backed cryptocurrency. Gold held in reserve by the Middle East country’s central bank will back the value of tokens on the blockchain of Iran’s new central bank “cryptocurrency” – which might be a generous term. The crypto will be mined by a small consortium of private Iranian tech companies. The move could further complicate tensions between the oil-rich country and the United States. News of the…

Read More
bitcoin Bitcoin Analysis Cryptocurrency News gold Op-ed 

Should Bitcoin Bulls Fear Gold’s Unexpected Rally?

Gold has been rallying alongside bitcoin the past few months, and with this move in gold, there has been an increase in traffic at precious metals sellers as consumers unload expensive watches and precious metals. What does this signify for bitcoin, if anything? Why the Gold Rally? The gold and Bitcoin prices have both rallied in 2019. | Source: TradingView Pawnshops have existed for centuries. Stores that specialize in buying gold cropped up during the financial crisis. With unemployment soaring and gold pushing $2,000 per ounce, citizens across the country…

Read More
bitcoin Cryptocurrency News gold 

Bitcoin Users Unaffected as NASA Targets Infinite Amount of Gold

An easy argument against the “limited supply” trope around gold is simply that we don’t know how much is out in the universe. CEO of gold ETF company, not a fan of bitcoin https://t.co/18nXYtNMFL — Barry Silbert (@barrysilbert) June 29, 2019 Precious Metal Supply: Not Limited After All NASA reportedly just uncovered a vast gold rock with enough of the stuff to make everyone billionaires at current prices. Of course, this much gold would drop the price. This is an episode, of course, which could never happen in Bitcoin. But…

Read More
bitcoin Bitcoin Analysis Cryptocurrency News gold Op-ed 

Trade Bitcoin? Here’s Why You Absolutely Need to Also Buy Gold

Published: 23/06/2019 13:13 ET. Journalist: By CCN Markets: Trading bitcoin comes with an extremely high degree of risk because of its volatility. Other than technical analysis, which can assist in finding buy and sell points, crypto traders are beholden to the whims of other traders. This is particularly true for bitcoin because its value isn’t tied to any asset, which would give it some framework for intrinsic value. Traders are making decisions based on what they think someone else believes bitcoin to be worth in a specific moment, which is…

Read More
bitcoin Bitcoin Analysis gold U.S. Market News 

Bitcoin a Good Be if Trade Tension Persists, Admits Wall Street Skeptic

By CCN: The frequently volatile stock market provides rare hideouts for investors but one of them could be bitcoin, according to Mr. Peter Boockvar of Bleakley Advisory Group. The chief investment officer said this week that a sharp rise in bitcoin price indicated that investors were unsure about the Federal Reserve’s stance on interest rate cuts, as well as about the outcome of an ongoing trade war between the US and China that kept buying sentiment weaker in both the Western and Asian stock markets. “I watch bitcoin as a…

Read More
bitcoin Bitcoin Analysis Crypto gold 

Wells Fargo Strategist Throws Shade on Gold While Bitcoin Outshines All

By CCN: Wells Fargo’s name is synonymous with gold.  Henry Wells and William Fargo launched the bank in the Wild West during the California Gold Rush, supporting both the investment in and delivery of the precious metal via its famous stagecoach. The U.S. has come a long way since the stagecoach, and bitcoin is now encroaching on gold’s store-of-value territory. Shockingly, Wells Fargo Head of Real Asset Strategy John LaForge no longer believes the precious metal is the one to own, telling Kitco: “Stocks, in the last few weeks have…

Read More
bitcoin gold Headlines lucid investment strategies 

Bitcoin Could Hit $10 Million, Become New Gold Standard: Asset Manager

Asset manager Lucid makes the case that the bitcoin price could one day rise as high as $10 million. | Source: Shutterstock By CCN.com: Throughout the 2017 crypto market bull run, bitcoin price predictions kept the crypto hype train fat and happy. Whether it was eccentric ICO promoter John McAfee promising to emasculate himself if bitcoin failed to reach $1 million within three years or Fundstrat setting a “conservative” price target at $25,000, every crypto influencer had a price target — and most represented significant upside, often in the extremely…

Read More
bitcoin Bitcoin Politics Bitcoin Polls gold ron paul 

51% Attack? Bitcoin Wins Ron Paul Investor Poll [Again]

Twitter Facebook LinkedIn Former congressman and presidential candidate Ron Paul enjoys a wide fanbase on social media and among latter generations who have an interest in pro-liberty changes to governmental policy. He is famed for his positions on issues ranging from abortion and marijuana to business regulation, and he famously authored a book which aligns with the philosophy of many Bitcoiners: “End the Fed.” A wealthy person gifts you $10,000. You get to choose in which form you’ll accept the gift. But there’s a catch: You must keep the gift…

Read More