HomeArticles by: Orkan Ozkan

Orkan Ozkan

  • Gold surges more than 2% after Fed loses its “patience”

    • March 18, 2015
    • Category: News

    The Federal Reserve released its post-meeting statement on Wednesday, this time lacking a key word that has been intriguing investors for months. The Fed had continuously been saying it would be “patient” on raising interest rates, but that word was dropped from the latest statement. It also cut its forecast for U.S. economic growth in 2015. U.S. stocks and

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  • Hedge fund manager Andy Redleaf: “It’s a truly scary time”

    • March 17, 2015
    • Category: News

    Hedge fund manager Andy Redleaf warned investors about the last financial crisis…and now he’s warning them again. “I think it is a truly scary time.” Redleaf, who is CEO of $4.2 billion hedge and mutual fund manager Whitebox Advisors, said “I think it is a truly scary time” in an internal memo Sunday obtained by CNBC.com. He

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  • This Week in Gold: The dollar flexes its muscles

    This week in gold, the spot price had a high of $1,175.38/oz. on Monday and low of $1,147.97/oz. on Wednesday, and closed the week at a 1% loss. The continually robust U.S. dollar and speculation over the Fed raising interest rates this summer put downward pressure on the yellow metal, but also hurt the stock market –

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  • 5 reasons now is actually a great time to buy gold

    • March 13, 2015
    • Category: Gold

    You may not think now is a great time to buy gold due to its recent decline in price. That’s understandable – but what if we told you that right now is actually a great time to buy gold? Don’t get down when gold is down. Here are five reasons why you should buy gold now.

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  • Strong dollar, interest rate fears take toll on stocks

    • March 11, 2015
    • Category: Currency

    “The seventh year of the bull market is off to a rocky start,” wrote the Associated Press on Tuesday. In summary: The Dow lost 333 points, or 1.9%, erasing its 2015 gains in its worst day of the year and biggest drop since October 9. The S&P 500 lost 35 points, or 1.7%, also erasing

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  • Time is gold: Apple to release watch containing 18-karat gold

    • March 9, 2015
    • Category: News

    They say time is money, but for Apple, time is gold. The technology giant is set to release a luxury edition of its Apple Watch in late April, called the Apple Watch Edition, that is encased in 18-karat gold. The cost? $10,000, as revealed at the highly anticipated Apple event on Monday. According to the

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  • This Week in Gold: A break below $1,200

    If you thought gold was a bargain last week, you now have an opportunity to buy it for even less. Gold began the week at around $1,223/oz. and then settled around $1,200 for the next few days. On Friday morning, however, gold fell to $1,165.70, its biggest drop since December 2013. The drop occurred after data showed the

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  • Mining CEO Rob McEwen forecasts $5,000 gold

    • March 5, 2015
    • Category: News

    Rob McEwen, founder of the major gold mine Goldcorp and CEO of McEwen Mining, told investors at the Prospectors & Developers Association of Canada (PDAC) convention on Wednesday that he continues “to believe we’re going to see higher prices in gold.” How much higher? Up to $5,000/oz., he suggested in his presentation. He spoke of the exploding U.S.

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  • 11 powerful people and their insights on gold

    • March 4, 2015
    • Category: Gold

    What have some of the most well-known investors and other influential people said about gold? Read on for their powerful insights. 1. Steve Forbes Editor-in-Chief of Forbes magazine, in a 2005 interview with Investment U: “Gold is a constant. It’s like the North Star.” 2. John Paulson Billionaire hedge fund manager, to Bloomberg Business in 2012: “We view gold as a currency, not a

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  • 25% of Americans believe they won’t get anything from Social Security

    • March 3, 2015
    • Category: Retirement

    How much retirement income do Americans expect to receive from Social Security? According to a survey by Bankrate.com, for many Americans the answer is not very much, if anything. The survey found that only 13% of Americans expect it to account for all or most of their retirement income, 14% expect it to account for half, and

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