Gold to Reach $3,000—50% Above Its Record, Bank of America Says

Gold to Reach $3,000—50% Above Its Record, Bank of America Says

The bank said in a report last week that gold ’s technical momentum could drive prices to an all-time high this year; in a new report published Tuesday, analysts have officially increased their bullish outlook, saying that gold prices could hit $3,000 within 18 months, a 50% increase from its previous forecast.

April 23, 2020 0 Comments
As IMF warns of 'crisis like no other', gold is working its way to new record highs

As IMF warns of 'crisis like no other', gold is working its way to new record highs

(Kitco News) The world is in for the worst financial crisis since the Great Depression of the 1930s as the global economy grapples with the "great lockdown," according to the latest from the International Monetary Fund (IMF).
April 14, 2020 0 Comments
FIRST STAGE OF OIL DEMAND DESTRUCTION: U.S. Supply Of Petroleum Products Down 7 Million Barrels Per day

FIRST STAGE OF OIL DEMAND DESTRUCTION: U.S. Supply Of Petroleum Products Down 7 Million Barrels Per day

The U.S. is only in the FIRST STAGE of the country’s oil demand destruction.  Since the nationwide shutdown announced by the U.S. Government in mid-March, domestic oil demand has fallen more than 7 million barrels per day.  In just the past three weeks, the total U.S. petroleum products supplied to the market fell by 33%.
April 13, 2020 0 Comments
Fed cuts interest rate half a percentage point, largest emergency cut since the financial crisis

Fed cuts interest rate half a percentage point, largest emergency cut since the financial crisis

The Federal Reserve slashed the benchmark U.S. interest rate by half a percentage point Tuesday, the biggest cut since the financial crisis and a sign that global central banks are prepared to act to contain the economic fallout from the coronavirus.
March 3, 2020 0 Comments

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