When it comes to economic growth, 2016 is looking a lot like 2015 — and probably even worse. Friday’s report showing that gross domestic product grew just 0.7 percent in the fourth quarter brought to a conclusion another year of dashed hopes for economic liftoff — “escape velocity,” as it is sometimes called. Seven years…
Why 2016 Keeps getting Uglier for US EconomyDetailsAs the ‘fear trade’ continues to push more investors towards gold, an interesting infographic began circulating the wire giving three reasons why it may be a good idea to hold some of the yellow metal in your portfolio this year. Investors have shown a renewed interest in gold since the beginning of the year as…
Three Reasons to Hold Gold in 2016…DetailsChina’s volatile shares tumbled again on Thursday, taking losses this month to about 25 percent or 13 trillion yuan ($2 trillion), while state media insisted that the market ructions did not reflect the real economy. The benchmark Shanghai Composite Index ended down 2.9 percent, and the CSI300 index of the largest listed companies in Shanghai…
China Shares Flounder Again, but 'Real Economy' Sound Says State MediaDetailsAllianz Chief Economic Adviser Mohamed El-Erian said Tuesday the world economy is at the end of the era of borrowing growth and profits from the future in the form of easy monetary policies. “Either we validate the financial asset prices and growth faster, or alternatively we will slip into a global recession with financial disorder,”…
Mohamed El-Erian Warns about a Day of ReckoningDetailsGold rose to a 12-week high on Tuesday, shrugging off strong stocks with nervous investors moving into safe havens as the U.S. Federal Reserve began a two-day meeting expected to give clues about the timing of the next interest rate increase. Spot gold was up 1.3 percent at $1,121.80 an ounce at 2:16 p.m. EST…
Gold at 12-Week High on Safe Haven Buying as Fed Meeting BeginsDetailsListen to the podcast here. Philip N. Diehl, President of U.S. Money Reserve, one of the nation’s largest distributors of government-issued gold, silver and platinum coins joins Enterprise Radio. Listen to the interview with host Eric Dye & guest Philip N. Diehl discuss the following: How did your leadership background as the Director of the U.S. Mint qualify you for…
Philip Diehl Discusses Leadership, the Gold Market and the Case for Owning Gold CoinsDetailsThe $15 trillion rout in global equity markets since May is reawakening the lure of gold for investors seeking safety. Hedge funds and other large speculators more than doubled their net-long position in bullion last week, just three weeks after they were the most-bearish ever. Investor holdings of gold through exchange-traded products are expanding at…
Gold is Back in Fashion after a $15 Trillion Global SelloffDetailsThe U.S. Mint appears to have sold all of the American Eagle silver coins it has allocated so far this month. The Mint allocated 4 million ounces for the week of Jan. 11, when sales on 2016-dated coins began, and then 1 million for this and future weeks. This means an allocation of 5 million…
U.S. Mint Sells Nearly All of Silver-Coin Allocation So Far This MonthDetailsInvestors have noticed that the stock market has gone through a radical change in the past few months. Veteran investor Mark D. Cook, who pointed out red flags a year ago, feels vindicated. Finally, stock prices confirmed what he saw in 2014: We’re in a bear market and about to go over the cliff, he…
The Bear Market in Stocks has Finally ArrivedDetailsAny bounce in U.S. stocks will be short-lived, widely followed market watcher Dennis Gartman cautioned on Tuesday. The warning came as U.S. stocks were poised to open higher following data that showed China’s economy grew by 6.8 percent, easing fears of a more significant slowdown. What has the publisher of The Gartman Letter concerned is…
Gartman: Why Any Stock Bounce will be Short-LivedDetailsThe S&P 500 has begun 2016 with its worst performance ever. This has prompted Wall Street apologists to come out in full force and try to explain why the chaos in global currencies and equities will not be a repeat of 2008. Nor do they want investors to believe this environment is commensurate with the…
A Recession Worse than 2008 is ComingDetailsThe stock market rout is starting to get really expensive — destroying $2.3 trillion from the market’s top last year and $1.5 trillion in net wealth just this year. The giant companies that predominantly populate the Standard & Poor’s 500 have fallen an average of 8.9% this year — which, when translated into dollars, is…
Market Crash Robs $2.3 Trillion from InvestorsDetails
