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Gold Higher After FOMC Meeting

Gold Higher After FOMC Meeting

As soon as the FOMC Minutes appeared earlier today, the U.S. dollar sold off and gold went sharply higher. In doing so, gold ended the trading session right at technical resistance near the $1,135 /oz level. Gold traders are clearly reliefed that the Fed stays focused...
Russ Ulbricht Gets Life In Prison

Russ Ulbricht Gets Life In Prison

One of the primary symbols of bitcoin, Ross Ulbricht, was just sentenced to life in prison without parole for his role in maintaining the Silk Road marketplace online. What came to be known, fairly or unfairly, as a bazaar of illicit activity, the Silk Road shut down...
Dollar To Lose Grip On Precious Metals?

Dollar To Lose Grip On Precious Metals?

The U.S. dollar has seen a steep rally since last summer, putting a lot of pressure on the commodities complex. Crude oil went more than 50% lower while the CCI, a commodities index, has lost 30% of its value. Interestingly, gold has not been a victim of the strength...
Gold Attracing Safe Haven Bids

Gold Attracing Safe Haven Bids

Back in good old days of 2013 and 2014, most investors and pundits were shorting gold like there was no tomorrow. The need for a reliable asset like gold seemed to only exist in history books. In 2015, however, the world appears to be a different place. Volatility is...