Marc Faber China and Global Economy - Global Economy News Channel Prensets Marc Faber have made extraordinary statements Marc Faber is an international investor known for his uncanny prediction...
Sunday, March 6, 2016
Exploration Insights’ Brent Cook joins Kitco News to kick off coverage at the PDAC Convention in Toronto, and he says he is optimistic. ‘I think the precious metals have turned. I think it’s for real,’ he told Daniela Cambone Sunday. ‘I don’t think it’ll be straight up but I think it’s time to start getting into the junior explorers and miners.’ According to the popular newsletter writer and geologist, the current global environment is positive for the gold market. ‘Gold is looking like the smart place to be putting your money for a change.’
Saturday, February 20, 2016
Wednesday, December 9, 2015
Gold is modestly higher in early U.S. trading Wednesday, lifted by key factors which are in a bullish posture: a lower U.S. dollar index and firmer crude oil prices. This comes one day after crude prices were hovering near seven year lows. ‘We are seeing an entire collapse of the commodity complex,’ said Todd ‘Bubba’ Horwitz, a senior trader and host of The Bubba Show in an interview with Kitco News. ‘As long as the U.S. dollar continues to churn higher, it will continue to pressure commodities …we are at 18 year lows on the Bloomberg Commodity Index,’ he said. He added that some solace will come for gold when the upcoming U.S. Fed meeting takes place next week. ‘I think that commodities are very much near a bottom here but it will come down to what Yellen does next week,’ he said. The veteran trader added, ‘ I think gold has been under an extreme amount of pressure and I’m still a fan of gold…I’m not saying we are bottoming tomorrow but you are much better off being a gold owner here than a gold seller.’ February Comex gold was last up $3.00 at $1,078.40 an ounce. March Comex silver was last up $0.134 at $14.245 an ounce.
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