Posts by Kirill Zagalsky

Central Banks Keep Buying

Global central banks have continued to keep buying gold, adding even more of the metal to their portfolios in June. The month reportedly saw reserves climb by 8 percent, the largest monthly increase in three years, as trade and geopolitical tensions heated up. Countries such as Kazakhstan, Russia and Turkey all added more of the metal to their reserves, while China also previously reported another large increase in its holdings. The recent trend in additions could be set to continue, especially against the current backdrop... Continue Reading

Gold to Remain Well Supported

This week, investors have gotten the latest FOMC meeting minutes and have also been hearing Congressional testimony from Fed Chief Jerome Powell. Stocks are making record highs as Powell’s commentary has been deemed to be dovish. Markets are now expecting a rate cut this month and even additional rate cuts in the months ahead. The gold market is likely to remain on the offensive with or without higher stocks. An environment of falling interest rates and lower yields could force an increasing number of investors... Continue Reading

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Focus on the Long Haul Buying Opportunities

The gold market is seeing some solid selling pressure today after the latest non-farm payrolls data cast some doubt on a Fed rate cut this month. Prices have dipped back down to the $1400 per-ounce area and the selling appears to have run its course. Sharp dips like that being seen today can potentially provide excellent buying opportunities. A dip of $20, $50, even $100 per-ounce is inconsequential over the long run and may provide investors with an opportunity to dollar-cost average. The bigger picture... Continue Reading

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Are Stocks Making a Bull Trap?

The benchmark S&P 500 hit a fresh all-time record today. Stocks and risk appetite are on the rise as investors remain hopeful that a U.S./China trade agreement will be reached. Over the weekend, President Trump met with Chinese Leader Xi Jinping at the G20 meetings in Japan, and the two leaders essentially called a truce. The U.S. agreed not to raise levies on additional Chinese goods, while China reportedly agreed to purchase more U.S. agricultural products. With the two sides seemingly back at the bargaining... Continue Reading

The Market Has Spoken: It’s Time to Buy

The gold market has seen quite a run higher in recent action in what could be the beginning stages of a major and protracted bull market. The market recently hit 6-year high and strong fundamentals as well as an improving technical posture could keep the metal on the offensive. Markets do not typically go straight up or straight down, however, and now may be the ideal time to look at buying big on any dips. The gold market is benefiting from several key economic and... Continue Reading

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Wait, What?

The highly anticipated Fed policy meeting has now come and gone, with Fed Chief Jerome Powell set to deliver his press conference. The central bank voted by a margin of 9-1 to hold the Fed Funds rate steady. The central bank did, however, still hint at the potential for rate cuts should conditions warrant such a move. The FOMC removed the word “patient” from its outlook, in a move that could signal a large degree of flexibility by the central bank. Some analysts have suggested... Continue Reading

Get Ready for Blast-Off – The Market’s Technical Posture

After putting together an impressive string of gains recently, the gold market has pulled back a bit as stocks attempt to regain their footing. Weakness in key data points recently has renewed investor hopes for a rate cut from the Fed, and some analysts are now calling for a series of cuts. The stock market appears to have entered a phase in which bad news is good news, and the Federal Reserve may once again have to turn on the easy money spigot to keep... Continue Reading

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Lower Rates Are on the Way

It’s no secret that the U.S. and global economies have hit some major bumps in the road in recent months. The ongoing U.S./China trade war is having a measurable impact on the economies of both nations, and thus far the war on trade appears set to continue for some time. The U.S. also last week announced a five percent tariff on Mexican goods to begin June 10th. Those tariffs are set to increase until Mexico takes action to stop the flow of illegal immigrants along... Continue Reading

$5,000 Gold Rally in the Next Few Years?

It’s no secret that numerous billionaires and finance heavy weights have an affinity for gold. According to a recent article from Kitco.com, billionaire Thomas Kaplan can also be added to the list. The chairman and chief investment officer of Electrum Group reportedly said in a recent interview with Bloomberg that the gold market is on the cusp of a new decade long bull market. In the interview, Kaplan reportedly suggested that the price of gold could hit $3000 to $5000 per-ounce in the next decade... Continue Reading

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3 Reasons Gold May Shine During the Next Recession

It’s no secret that the global economy has been slowing. The ongoing U.S./China trade war is dragging on the globe’s first and second-largest economies and there currently does not appear to be an agreement in the making. The current economic expansion is getting quite long in the tooth, and the effects of tax cuts and government spending are likely to fade in the months ahead. Some analysts have already begun sounding the alarm bells about the next recession, which could come sooner than many anticipate.... Continue Reading

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