Here’s Why Surging Gold Prices May Tee You Up for a Late-Year Plunge

Gold just had its best month since last August. But three converging factors point to a possible crash ahead. Central bank selling, deflation, and stabilizing oil prices all present grave threats to goldbugs. The gold price surged in April, posting its best month since August 2019. Unprecedented central bank and fiscal stimulus unleashed a flood […]

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Bitcoin and Ether Prices Stagnate as Traders Take Wait-and-See Approach

After staging a recovery earlier this week, cryptocurrencies were stuck in a holding pattern Friday afternoon. Bitcoin (BTC) and ether (ETH) appeared to be in a period of consolidation where prices bounce around within a tight range, showing indecisiveness among traders.  Bitcoin and ether had both climbed by less than a percent. Notable performers on […]

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Gold Price Poised to Knock Out Another 7-Year High: 3 Reasons Why

The price of gold rallied 0.9% to $1,590.70/oz. on Thursday, the highest in three weeks. A combination of technical and fundamental forces has bullion hitting new seven-year highs this quarter. Inflows into gold exchange-traded funds (ETFs) have already hit seven-year peaks. The price of gold rallied sharply on Thursday, as coronavirus fears overshadowed economic data, […]

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Bitcoin Is Up More YTD Than Gold Is in Last Decade: Pomp

Bitcoin maximalist Anthony Pompliano claims he will never bail out of his long positions. Gold cheerleader Peter Schiff likens this to a Titanic captain – loyal but misguided. Even with its recent price plunge, bitcoin is still massively outperforming gold. At What Point Will Bitcoin Maximalists Capitulate? Peter Schiff never passes up a good opportunity […]

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Gold Price Dangerously Close to 3-Month Lows as Dow, S&P 500, Nasdaq Touch All-Time Highs

Gold sinks to a low near $1,460/oz. Bullion suffered its third consecutive drop and is now on the brink of re-testing three-month lows. S&P 500, Dow and Nasdaq surge to all-time highs. The price of gold suffered another selloff Monday and headed for its third consecutive loss, as U.S. stocks touched new all-time highs on […]

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