CNBC: Low Gold Price Makes Buying Gold Right Now a Good Opportunity
Buy low and sell high is what most investors want to do. And right now may be the right time to buy gold before it starts to climb again. Last year provided a great opportunity for investors to add to their gold holdings, as the yellow metal dipped at one point below $1,200 per ounce. But a significant recovery...
Economic Data Continues to Get Worse and Worse
Every week seems to bring more and more news that the economy, if it isn’t already in recession, is well on its way to recession. This time it’s bad news from the manufacturing sector, which like most other sectors of the economy underperformed versus economists’ expectations. Factory orders barely rose in January, up 0.1 percent versus the 0.3 percent...
Wall Street Analysts Increase Gold Price Forecasts; $1,400 Per Ounce by End of 2019
Most Wall Street analysts are a pretty conservative bunch when it comes to predicting the price of gold. Since Wall Street firms can’t make the same money from trading gold that they can from trading stocks, bonds, currencies, and other commodities, they tend to downplay the importance of gold in investment portfolios and predict prices for gold that are...
Investors Eagerly Awaiting Outcome of FOMC Meeting
This week’s Federal Open Market Committee meeting will be one of the most highly-observed in recent years, as markets look to discern whether or not the Fed will continue to raise interest rates this year. The FOMC statement is probably going to be of less importance this time around than the press conference and the summary of economic projections...
Portfolio Diversification Is Necessary to Keep Your Assets Safe Into Retirement
Read any articles about the financial well-being of American households and it’s clear that they don’t paint a pretty picture. Nearly 80% of households live paycheck to paycheck, with limited ability to save money for retirement or even for an emergency. Even though the average household has just under $9,000 in the bank, over 60% of households would have...