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Something 'enormously rare' is happening in gold: Gartman

It's been a bad year for gold, but one widely followed commodities watcher says the bottom is in.<p>"So after a 4½ year bear market, it's time to be …

Stock Markets

Peso Drops 30% as Macri Propels Argentina Into New Currency Era

Argentina’s peso tumbled as much as 30 percent as newly inaugurated President Mauricio Macri fulfilled his campaign promise of letting the currency …

Economy

The Fed's New Chapter Will Be Written in Dollar-Denominated Oil

<i>The author is the professor of practice and senior director of the Oregon Economic Forum at the University of Oregon and the author of Tim Duy's Fed</i> …

Federal Reserve

The New York Times' Leaden Analysis Of Gold

<b>THE NEW YORK TIMES</b> recently ran an article trashing the idea of a return to a gold standard. A growing number of Republicans, including presidential hopeful Senator Ted Cruz, advocate fixing the value of the dollar to gold.<p>If the purpose of the <i>Times</i> story was to discredit such a possibility before …

Economics

Gold (coin) bugs: No, we're not crazy for buying

Give the gold bugs credit: They're resilient.<p>Even in the face a steep price swoon and a variety of other factors that seem to be lining up against …

Cryptocurrency

Gold price plummets to almost 6-year low

Here's what people aren't buying right now: Gold.<p>The yellow metal traded as low as $1,051.60 an ounce on Friday, the cheapest price in nearly 6 years.<p>Gold prices haven't been this depressed since February 2010 -- before the popular show "Downton Abbey" was even on television -- when gold fell under …

Stock Markets

EBay users are snatching up precious metals

Forget gadgets and toys. Some consumers are loading up on precious metals this holiday season.<p>EBay said it frequently moves $1 million to $2 million …

Precious Metals

The biggest bank in the US is miffed at the Federal Reserve

CEO John Stumpf isn't all that keen on the idea.<p>"I don't think that's something we really needed," Stumpf said in an interview on Tuesday with CNBC's Kayla Tausche.<p>He said: "It's what we've been asked to do. I think that we have enough capital the way it is, but if loss absorbing capital is …

'The Big Short' Blows Away Bogus Argument That Poor People Caused The Financial Crisis

Brad Pitt and his famous friends make credit default swaps sexy.<p>Nearly a decade ago, I wrote an article about how workers in a peculiar American industry were beginning to worry about subprime home loans. They were Wall Street lawyers who specialized in a dark financial art called securitization -- …

Wall Street

Investors are terrified by the '3rd wave' of the financial crisis

First, the good bits: Aberdeen's revenue is up 5% to £1.16 billion ($1.74 billion), underlying profit is up £1.3 million ($1.95 million) to £491.6 million ($739.1 million), and dividend raised by 0.75 pence to 12 pence.<p>But there's a glaring red mark on Aberdeen's homework — assets under management …

Manufacturing is in recession

Data on manufacturing activity in November was released on Tuesday morning, and it did not look good.<p>The Institute of Supply Management's manufacturing index was a big miss, at 48.6, the lowest since June 2009.<p>It had been expected at 50.5, versus 50.1 prior. (A level below 50 indicates contraction; …

Credit Markets Scream Recession, But Goldman Says Not to Worry

The credit market is pricing in an overly dour assessment of the U.S. economy, according to Goldman Sachs Group Inc., a mistake that could prove …

Fed is playing a "dangerous" game: Schiff

The Fed funds futures are now pricing in a nearly 70 percent chance of a December rate hike, but one market pundit insists it's not going to …

Stock Markets

Currency Wars Update: Recession Time

In describing the dynamics of currency wars, I consistently use metaphors such as a tug of war or seesaw. This is to indicate that currency wars are …

Economy

Why Gold Is Going To 1500, Not 1000

<b>Many Expect 1000; Few Can Envision 1100 or 1150</b><p>If you review the financial media in recent months, you will discover that most analyses of precious …

Investing

Gold Weekly: Bulls Will Come Back For Christmas

<i>Florence, Italy, October 2015. The Golden Road, tribute to the artisans of the Oltrarno</i><p>Every week, I closely monitor net speculative positions on the …

Investing

Gold ends near 6-year low as Yellen comments point to rate hike

Gold futures on Wednesday marked their lowest settlement in nearly six years, as a rise in November U.S. private-sector employment and comments from …

Wall St. ends sharply lower; energy leads decline | Reuters

(Reuters) - U.S. stocks closed sharply lower on Wednesday after hawkish comments from Janet Yellen boosted expectations of an interest rate hike, and oil dipped below $40 a barrel.<p>Investors also attributed late-day selling to news coverage of a shooting in southern California.<p>The S&P 500 energy …

Stock Markets

Why China's currency has two names

<b>China has</b> <b>indicated that</b> <b>it will allow its currency to appreciate - following months of pressure from the US. Some refer to the currency as the yuan, others call it the</b> <b>renminbi</b><b>. Who is right?</b><p>Both names are perfectly good, but in slightly different ways.<p>"Renminbi" is the official name of the currency …

China

Americans are buying tons of gold

This summer's market mayhem caused Americans to buy gold bars and coins at levels unseen since the financial crisis.<p>When people are scared about the economy and financial markets, they rush to gold. Boy, were they worried in recent months.<p>U.S. demand for gold bars and coins surged 207% during the …

Stock Markets

UPDATE 1-China boosts gold reserves by nearly 14 tonnes in October | Reuters

* Slowest pace of purchase since China started reporting mid-2015<p>* Gold reserves at 55.38 million troy ounces at end-October (Adds detail)<p>SINGAPORE/BEIJING, Nov 30 (Reuters) - China added nearly 14 tonnes of gold to its foreign exchange reserves in October, the slowest pace of purchase since the …

China

Q&A: Chinese yuan set to join IMF currency basket

A vote to include the yuan in the International Monetary Fund’s basket of elite currencies looks set to to pay off<p>What is happening to the yuan?<p>Shareholders in the Washington-based International Monetary Fund have voted to admit the yuan, also known as the renminbi, as the fifth member of its …

Economics

Money Talks #1

Swiss alternative bank breaks negative rates taboo

Zurich (AFP) - A tiny Swiss bank specialised in financing social and environmental projects will on January 1 go where no retail lender has gone …

Marc Faber: China Has Credit Bubble of Epic Proportions

Marc Faber, publisher of the "Gloom, Boom and Doom" Report, examines China's economic slowdown and what he sees as an "epic" credit bubble in the …

Opinion: This economy needs ultra-low interest rates just to stay afloat

As the Federal Reserve contemplates lift-off in December from seven years of near-zero interest rates, policy makers should not ignore the global …

Investors Flee Precious Metals as ETF Outflows Top $1 Billion

Investors are back to dumping precious metals as gold trades near five-year lows and banks including Barclays Plc forecast more price …

Gold settles higher; downed Russian warplane spurs haven buying

Gold futures settled higher on Tuesday, rebounding from a nearly six-year low as Turkey’s downing of a Russian jet fighter lifted safe-haven interest …