Australian gold miner shares fell after the US Federal Reserve´s meeting yesterday. As predicted, the Fed kept the interest rates on hold at 1%–1.25%.
Gold and Silver
Australian gold miner shares fell after the US Federal Reserve´s meeting yesterday. As predicted, the Fed kept the interest rates on hold at 1%–1.25%.
If gold price breaks through US$1,370 it could indicate the start of a new long term uptrend. And this is why it’s rising. The real story behind gold’s rise — and the biggest financial story you’ve never heard of this year — is the declining US dollar. 
The recent breakout for gold is bullish. It sets up the precious metals for higher prices longer term. But instead of buying into all the reasons why gold will go higher long term, it’s better to not even know. Ignorance is bliss.
US politics is not looking like it’s going to be a beacon of calm over the rest of the Trump presidency. And the massive US debt ceiling problem is not going away. Such volatility usually triggers more investment into safe haven assets. To my mind Gold could be the big winner in the short term.
I’ve been doing a lot of work on the sector for the past few months. As a contrarian investment idea, oil is intriguing right now. It’s off the radar of most investors, yet it’s more in demand than ever before.
For me, the way to trade gold is simple. That is, don’t have a big bet either way until it breaks out of its trading range.
In today’s Money Morning…threats and childish insults on the international stage…investing in fear as the sabres rattle…a new way to trade fear…and more…
In today’s Money Morning…two trading ideas to consider…where to invest if you’re hopeful today…a second leg to the boom in this resource…and more…
We don’t take this revolution lightly. We think it’s the most significant disruption to global finance there has ever been.
This year Bitcoin will go mainstream. Bitcoin is rapidly becoming a legitimate alternative to the fiat dollars we have offered to us today. 