Gold futures reversed on Tuesday, with the yellow metal slipping after a rally to record levels. With the main contract as high as $ 1,974.40 an ounce overnight, GC00 gold futures, -0.47% It fell $ 23.80 to $ 1,907.20 an ounce. China’s gold consumption fell 38% yoy in the first …
Read More »‘Problems are coming’, warns the short selling legend that he only cashed out a winning bet of roughly $ 100 million
“ ‘This market is shaping up to be one of the greatest short opportunities of all time. The problems are coming, I don’t know when, but they are coming. “ That’s legendary short seller Jim Chanos, fresh out of a $ 100 million victory, casting sadness over the current state …
Read More »Gold is recovering. Mining stocks are the best way to play it.
Text size Joe Klamar / AFP via Getty Images Gold prices have rebounded to new highs, helped by renewed weakness in the dollar, and the metal may soon be on the verge of reaching $ 2,000 an ounce. Gold rose $ 35 to $ 1,937 an ounce in early trading …
Read More »Don’t be fooled! Elon Musk Says Warren Buffett Isn’t Exactly the “Kind Grandpa” He Thinks He Is
Warren Buffett has said he would not invest in Tesla. On top of that, the Berkshire Hathaway chief’s right hand once claimed that Elon Musk “may be overestimated.” Musk, for his part, admitted in May that he “is not Buffett’s biggest admirer.” Two months later and not much has changed, …
Read More »Billionaire investor Ray Dalio fears for the dollar and the “strength of our money,” and here is why
Gold is rebounding earlier in the week as tensions between the United States and China and fears of the coronavirus mount, but the dollar continues to decline. The precious metal hit a new record on Monday, like GC gold futures, -0.39% it rose $ 39.60, or 2.1%, to $ 1,937.20 …
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