This week on Financial Anarchists, Jordan Eliseo, chief economist for ABC Bullion joins the podcast to talk about all things gold.
Now in the first week of March 2017, one single bitcoin has been consistently trading higher than the spot price of an ounce of physical gold. One bitcoin is now worth US$1,278. On ounce of gold is worth US$1,229.
Today I’m going to take a look at the gold price. It’s dropped off the radar a bit lately, despite the yellow metal having a pretty good run so far in 2017.
In today’s market update Kris looks at the recent gold price action and the significance of it trading above a key moving average…
Shares of St Barbara Ltd [ASX:SBM] gained more than 5% today as the stock continues to rebound from a recent slump. It closed at $2.64. It’s now up 70% for the year.
The good news is that most Aussie gold stocks are financially-sound companies. They have little to no debt and lots of cash, thanks to a strong Aussie dollar gold price, which translates into strong cash flows.
If stocks rally in the fortnight ahead, look to go short. If gold pulls back, there could be a great short-term buying opportunity.
China has been buying thousands of tons of gold even as they sell US Treasury bonds to pay offshore creditors and prop-up their currency.
If you’ve ever traded gold, you know how wild the price swings are. Here, Jim has laid out the key events behind the gold price for 2017.
In today’s video update Kris looks at the plummeting gold price and asks whether this is the bottom or if it has further to fall…