Utilising MarketHive to Promote CryptoCurrency
Max Keiser explains why only gold, silver and bitcoin can save you now During volatile market conditions, investors should be looking for assets that represent stores of value, like gold, silver, and bitcoin, this according to Max Keiser, host of the Keiser Report. “The next alternative hard money, aside from silver, is bitcoin, and […]
Gold breaks above neckline of inverse head and shoulders, higher prices ahead Today market participants witnessed a rare event with the U.S. equities rallying approximately 7% on the day based upon diminishing fears of the coronavirus, as the safe haven class rose between 3.6% (gold) and 5.39% (Silver) based upon the fact that the coronavirus […]
Now is the time to hold a 'significant' position in gold – former Bear Stearns analyst The first quarter saw gold prices massively outperform equity markets and this trend is expected to continue, according to one former Bear Stern’s analyst. Jesse Felder, publisher of the Felder Report investment newsletter, reiterated his long-term bullish outlook for […]
COVID-19 has profound impact on U.S. jobs which declined over 700,000 The long-awaited U.S. labor department’s jobs report was released today indicating that employment in the United States declined by 701,000 individuals last month. Along with payrolls declining by over 700,000 which was 600,000 above the estimate provided by economists which predicted 100,000 jobs would […]
Best time for gold prices will be April-June: BNP Paribas Gold will see its best 2020 quarter this spring, but prices will peak just below $1,700 an ounce, according to BNP Paribas. Even though the COVID-19 outbreak has forced BNP Paribas to revise up its 2020 gold price by nearly $100, it still sees the […]
COVID-19 continues to pressure global equities lower, as it supports gold Within the extreme carnage in the U.S. equities markets, both gold futures and spot pricing remained in an upswing. Although any rise within both of those precious metals were tepid at best and also affected by a stronger U.S. dollar that gained value since […]
Market forces move gold lower While we have gold, prices come under substantial pressure over the last two weeks it had still managed to hold above key level of $1600 per ounce. This is in conjunction with U.S. equities markets trading under great pressure as they have lost value throughout this month. According to Reuters, […]
Plenty of gold sitting in 'wrong location' and in 'wrong form' — Scotiabank There is no shortage of gold out there, but there are some serious "physical bottlenecks" for certain gold products that are just sitting in wrong locations, Scotiabank said in its latest update. "If there were a major shortage of physical gold, spot […]
Gold edges lower as investors opt for cash amid deepening virus fears Gold prices edged lower on Monday as a flight to cash to cover losses in equities overshadowed measures by global central banks to contain the economic fallout from the coronavirus epidemic. Spot gold was down 0.2% to $1,614.46 per ounce by 0346 GMT […]
Conditions are ripe for the price of gold bullion to double Gold bullion has not done what it did during the past month since 2008. The Midas metal GC00, +0.34% shows rapidly rising relative performance against the CRB Index as industrial commodities are crashing due to the coronavirus effect. Gold bullion is staying firm, close […]