Market Optimism Evaporates: BofA Survey Shows Dramatic Shift to Defensive Positioning
Bank of America’s monthly survey shows fund managers have experienced a “bull crash” in sentiment, with optimism rapidly draining. The survey recorded the second-biggest drop in global growth expectations in its history, plummeting from -2% in February to -44% in March. U.S. equity allocations saw their largest decline ever, while…
Silver’s $50 Breakout: The Biggest Precious Metals Run in History?
In this eye-opening video, Mike Maloney reveals the explosive factors converging in the silver market: historic short positions, a colossal cup and handle pattern, and decades of currency debasement.
Analysts Project Gold to Hit $3,500 as Investors Seek Safety in ETFs
UBS has raised its gold price target to $3,200 per ounce (from $3,000) as retail investors increasingly buy into gold-backed ETFs. This follows gold breaking the $3,000 barrier on March 13, with prices up nearly 40% over the past year. Other financial institutions including Macquarie Group and BNP Paribas have…
UBS Bullish on Gold: Price Target Elevated to $3,200 as ETF Inflows Accelerate
UBS has raised its gold price target to $3,200/oz (up from $3,000/oz) as gold ETF inflows accelerate. This increase reflects growing investor demand for defensive assets amid escalating uncertainties, continued central bank buying, and unclear Fed policy direction. UBS maintains its preference for gold, recommending investors use price pullbacks as…
Germany Passes Biggest Debt-Funded Spending Splurge In Its History
Germany Passes Biggest Debt-Funded Spending Splurge In Its History After making a mockery of the German democratic process, as Bloomberg explained not once… “Germany’s “whatever it takes” spending spree is being orchestrated by Friedrich Merz, who spent the recent campaign arguing against doing any such thing. This isn’t a great advertisement for democracy, and there […]
South African Rand Strengthens as Gold Hits New Record High
The South African rand gained 0.4% against the dollar on Tuesday, boosted by gold prices reaching a new all-time high of $3,018.66. As a major precious metals producer, South Africa could benefit from miners increasing output to capitalize on record gold prices. This positive momentum comes despite significant challenges, including…
ANZ Bank: Gold to Reach $3,200 Within Six Months as Safe Haven Demand Surge
ANZ Bank has increased its gold price forecasts to $3,100 per ounce for the next three months and $3,200 per ounce for the six-month outlook, according to a Tuesday research note. The bank maintains a bullish view on gold, citing escalating geopolitical and trade tensions, easing monetary policy, and strong…
Gold Breaks $3,000 Barrier as Geopolitical Tensions and Economic Worries Grow
Gold prices surged to an unprecedented $3,028 per ounce, driven by a combination of intensifying Middle East conflict and growing worries about US economic health. Israel’s military strikes on Hamas targets in Gaza, which reportedly resulted in at least 322 casualties, underscored gold’s traditional role as a safe-haven asset during…
Gold Sector Momentum: 7 NYSE Miners Breaking Through to New Highs
Seven NYSE-listed gold stocks have reached new 52-week highs as the sector’s bullish trend continues. The companies—Alamos Gold, ASA Gold and Precious Metals, DRDGold, Franco Nevada, Gold Fields, Triple Flag Precious Metals, and Wheaton Precious Metals—all show strong technical indicators with 50-day moving averages trending above their 200-day moving averages,…
Africa’s $5 Billion Annual Loss: The Hidden Cost of Foreign Currency Trade
Africa loses approximately $5 billion annually by conducting trade in foreign currencies, particularly the US dollar, according to Dr. Melaku Geboye Desta of the African Trade Policy Centre. This reliance on non-African currencies increases transaction costs, delays trade settlements, and exposes African economies to currency rate instability. To address this…