Economic Outlook

Investors jump into gold, price up 1% as tensions between China and U.S. increase

Posted by Neils Christensen

on Wednesday, 26 August 2020 8:17

Rising geopolitical tensions between the U.S. and China are giving gold a boost late Wednesday morning as prices have pushed well off their session lows.

December gold futures last traded at $1,947 an ounce, up more than 1% on the day. The rally comes as the U.S. dollar also loses momentum, falling to a session low around 93 points.

According to media reports, the Chinese military launched two missiles, including an “aircraft-carrier killer,” into the South China Sea on Wednesday morning. According to sources close to the Chinese military, the missile launched was a clear warning to the United States.

The reports said that the Chinese government is retaliating a day after they said that a U.S. U-2 spy plane entered a no-fly zone off the country ’s north coast.

Phillip Streible, market strategist at Blue Line Futures, said that investors are laser focused on what Federal Reserve Chair Jerome Powell will say on Thursday but the latest geopolitical development shows that gold is playing a much bigger safe-haven role….CLICK for complete article

Insider’s View of Precious Metal Investing

Posted by MoneyTalks Editor

on Monday, 24 August 2020 13:11


Bradford Cooke, CEO of Endeavour Silver, shares his insights on how individual investors can participate in this bull market for gold and silver – and some of the underlying trends you need to watch.

Goofy Award, Shocking Stat & Quote of the Week

Posted by MoneyTalks Editor

on Sunday, 23 August 2020 8:40


Quote of the Week 
It’s amazing that over 250 years ago Scottish economist David Hume forecast today’s massive government debt build-up. 

Shocking Stat of the Week 
It’s not just government that’s borrowing record amounts – wait til you hear how much businesses have borrowed…just to stay afloat. 

Goofy Award
To deceive or not to deceive – that is the question. Actually the question is where does the lack of integrity in politics lead. 

Mike’s Editorial

Posted by Michael Campbell

on Saturday, 22 August 2020 11:05

Mike leaves the politics aside and focuses on the economic and financial implications of a new Finance Minister.

Shoulda Coulda Woulda

on Wednesday, 19 August 2020 12:26

  • In April of 1997 Apple was near bankruptcy and shares traded as low as $0.49.
  • On August 2, 2018 it became the first company to be valued at $1 trillion.
  • At $467.55 a share Apple now valued at $2 trillion.

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