Category | Gold
Posts by Kirill Zagalsky
The Demise of the Petrodollar
Think the death of the petrodollar is not a reality? Think again…Numerous factors that will lead to the eventual death of the petrodollar have already been set in motion, and this chain of events could lead to some of the most significant economic upheavals in history. . Numerous countries have already begun to move away from the dollar, and this trend is likely to continue. The world is about to change. Are you ready? Russia has been in the news a great deal over the... Continue Reading
Category | Economic and Geopolitical News
HOW MUCH GOLD DOES CHINA REALLY HAVE?
The financial landscape is changing right before our very eyes. Higher upcoming interest rates in the U.S., a possible Greek exit from the European Union and changes in energy policy are just a few of the many issues global markets are currently facing. Any talk, however, of changes in the global economy could not take place without throwing China into the discussion. As the world’s #2 economy, China has asserted itself as an economic powerhouse. The country is continuing to build upon this growth, and... Continue Reading
Category | Economic and Geopolitical News
Category | Gold
Buy the Dips
Stocks finished the day after Thanksgiving moderately lower. Gold, on the other hand, finished the day with strength, up nearly $9 per ounce on the session. Of course, lower stocks and higher gold could be due to a wide variety of reasons. The day could, however, be indicative of trends to come. The day’s upside in gold puts a little distance between the market and chart support in the $1450 area. Another dip towards $1450 could, however, see further buying interest and perhaps even a... Continue Reading
Category | Market Update
The Week Ahead
The gold market is off to a slow start this week as stocks and risk assets see a heavier bid as the new trading week gets going. Although the news and headlines may sound a bit rosier today, for the most part the news simply appears to be more of the same that has driven equity markets for several months now. Over the weekend, China released a document that in part discussed the importance of intellectual property rights. The report also noted that those rights... Continue Reading
Category | Economic and Geopolitical News
Heard This Before
U.S. stocks are moderately higher in early Monday action to kick off the new trading week. Positive trade developments have been tagged as the primary catalyst for stronger equity markets this morning. Over the weekend, China reportedly released a document that discussed one of the major sticking points of trade talks-intellectual property rights-and called for more protection of those rights. In addition to that, comments from U.S. national security adviser Robert O’Brien also may be playing played a role. O’Brien reportedly stated that a phase... Continue Reading
Category | Economic and Geopolitical News
Has Gold Found a Bottom?
It’s no secret that the gold market has struggled for several weeks now. Following a convincing upside breakout in price that took the market to over the $1500 level, the gold bulls have not seen the type of follow through that they are looking for. In fact, prices have been on the decline since finding a top with seemingly little to stop the recent descent. The gold market has possibly now found a bottom. Although it is too early to tell; recent price action could... Continue Reading
Category | Market Update