Gold Seen Rising to $1,400 on 100-Day Average by Citi Futures

Gold prices are poised to extend their 2014 rebound and reach $1,400 an ounce, the highest since September, according to technical analysis from Citi Futures and RBC Wealth Management. Prices yesterday settled above the 100-day moving average for a second straight day for the first time since October. The metal has also closed above its 50-day […]

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Will the Next Financial Crisis Cost More than $14 Trillion?

“The psychological hangover from the 2007-2009 financial crisis seems to still be with us. Indeed, in the second edition of Conquer the Crash (p. 91), Robert Prechter noted: “The psychological aspect of deflation and depression cannot be overstated.” But the worst of the financial crisis was five years ago. Is it odd to even mention […]

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Why I Can’t Help But Be Bullish on Gold Bullion Prices

“Michael Lombardi writes: Gold bullion prices started their run-up way back in 2000, when the commodity was trading around $300.00 an ounce. From there, it took the precious metal 12 years to break above $1,900 an ounce—an unprecedented move. When an investment, such as gold bullion, rises 500%, a pullback in the “advance” is quite […]

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