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

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.

Former Federal Reserve Chairman Alan Greenspan has not been shy in his criticism of the Fed’s current policy and his praise for gold’s “special properties that no other currency, with the possible exception of silver, can claim.” At the New Orleans Investment Conference in October of last year, he reportedly delivered a bombshell during private conversation with resource

After touching $1,300/oz. in late January, gold is back to hovering around its familiar $1,200 resistance level. And as you probably know, the stock market is at all-time highs. So what are you waiting for? SELL STOCKS / BUY GOLD We are currently in one of the longest bull market runs in the U.S. stock market’s

Spot gold fell to a one-month low of $1,205.72/oz. in early trading Tuesday, despite a breakdown in talks between Greece and its creditors regarding the country’s debt. Greek officials rejected a proposal set forth by Eurozone finance ministers to request a six-month extension of the country’s international bailout, furthering concerns of Greece exiting the euro (which the media

The World Gold Council (WGC), the market development organization for the gold industry, has released the latest issue of its Gold Demand Trends quarterly publication. The report contains some eye-opening facts and statistics regarding gold investment demand, central bank buying, and production and supply in 2014. We’ve summarized what we believe are the most relevant points below. 2014 Demand

Swiss bank and wealth manager Vontobel Holding AG is reporting that investors are buying more gold as an alternative to Swiss francs. The Swiss National Bank (SNB) imposed a 0.75% negative interest rate on some deposits as of January 22 – an increase in charges on banks that use the SNB as a custodian for Swiss franc deposits.

The U.K. Royal Mint is reporting increased demand for gold coins among Greek investors, as political and economic turmoil in the country has many seeking a safe haven. Bloomberg also reports that the gold spot price in euros has risen 12% this year. “There has been a noticeable increase in demand in this last quarter,”

Gold rebounded on Friday after the Commerce Department released weaker-than-expected U.S. economic data, ending the month of January at an 8% gain on the Comex – its biggest monthly gain in three years. The data showed that the U.S. economy expanded 2.6% during Q4 2014, below the 5% growth posted in Q3 and the 3.2% economists expected. Investors sought gold as a