Gold & Long Term T-Bond Trends Gold & the Dow Jones Industrial Average
Underground investor David Fessler, writing at Investment U, says the four best hedges against inflation are gold, inflation-adjusted Treasuries, energy stocks and commodities such as wheat, metals, cattle and fertilizer. 1) Gold David recommends investors hold 5% of their portfolio in gold to hedge against a declining dollar and an inflationary economy. He says investors [...]
James Turk “Some say that T-note yields are climbing in spite of the fact that the Federal Reserve is buying Treasury paper, but they have grabbed the wrong end of the stick. T-note and T-bond yields are climbing precisely because the Federal Reserve is buying Treasury paper.” “Hyperinflation is caused by the central bank buying [...]
TORONTO (miningweekly.com) – Toronto-based gold-miner Kinross Gold has bought 2,19-million units – each comprising one share and one half of a purchase warrant – in exploration firm Millrock Resources. Kinross bought the units in a private placement, for a total of C$350 000, Millrock reported. The placement will give Kinross a 6,46% interest in the [...]
The price of GOLD is poised to break through $1,000 an ounce next week and could reach $1,300 before a price consolidation. If we break $1,000 we could run fast and furious! Gold is considered to be the universal currency and when people start to question the true buying power of paper currencies the shiny [...]
August gold closed sharply higher on Friday as it extends this month’s rally. Fears over inflation have lead to some investors moving cash into hard assets and precious metals as a hedge against inflation. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but [...]