Tangible Investments

September 01

2014

Weekly Gold Market News

Experts Predict Massive Decline In Global Equity Markets

Los Angeles CA, (Tangible Investments) - by James O’Dell - U.S. markets will remain closed on Monday in observance of the Labor Day holiday. "The focus this week will be on the U.S. August nonfarm payrolls due on Friday, while remaining sensitive to headlines relating to geopolitical risks," said UBS, on Monday, in a note. "Price action is likely to be choppy heading into the key data release." Gold and Silver prices ended mixed on Friday with Gold gaining $2.30 or 0.18 percent to finish the week at $1,291.75 an ounce as the dollar eased and safe-haven Gold buying accelerated. Silver dipped 0.05 or 0.26 percent to end the week at $19.49 an ounce while the Gold/Silver ratio rose to 66.28.
 
The week began with growing tensions between Russia and Ukraine after a group of Russian soldiers were captured in eastern Ukraine, having crossed the border purportedly "by accident," according to Russian military sources. That incursion came as Ukraine's Petro Poroshenko and Russia's Vladimir Putin were meeting at a summit in Minsk in Belarus on Tuesday.
 
Ukrainian President Poroshenko has since warned that "full-scale war" was imminent if Russian troops continue to advance into Ukraine territory in support of pro-Moscow insurgents. Europe stood strong with the United States in threatening additional sanctions if Russia fails to back off its support for separatists in Ukraine.
 
Meanwhile, experts are now calling for as much as a 60 percent plunge in global equity markets. Markets will face a "period of extreme turmoil," says David Tice, president of Tice Capital, on CNBC's "Power Lunch," on Wednesday. A jolt to international confidence in central banks will precipitate the correction that could see a 30 to 60 percent stock market decline.
 
The crash will be triggered by disappointment with the Fed's so-called "confidence game," which will, in turn, spark a rise in inflation and a scramble by the Fed to raise rates. At that point, adds Tice, "the Fed starts to lose control." Technical analyst Abigail Doolittle agrees adding that "Unfortunately, I think it could come on a crash similar to what happened in 2007."

Doolittle, founder of Peak Theories Research, said on "Squawk Box," just a day after the S&P 500 closed above 2,000 for the first time ever, "It's tough to know what the exact catalyst will be, but that's the very nature of that kind of selloff. They start slowly and then happen very suddenly."
 
Doolittle says that the bull market trend over the past five years has begun to reverse and "When you see that kind of gyration around the trend, typically it suggests you're going to see some severe volatility." Doolittle added that "As scary as it is, I think that we could see possibly a 50 percent or 60 percent correction—an equal and opposite reaction to all these unusual policy moves."
 
Preserve your wealth and secure your retirement by making a tangible investment in physical Gold and Silver in 2014. Call Toll Free 1.800.741.5014 and allow the friendly staff at Tangible Investments (learn about us here), owned and operated by world-renowned coin expert Silvano DiGenova, to assist you in your next purchase or sale. We also hope you will share our site with your friends on Twitter and Facebook.

Latest Spot Prices

METAL BID ASK CHG$ CHG%
Gold 1265.70 1266.40 $21.60 1.68%
Silver 19.23 19.27 $0.27 1.38%
Platinum 1411.30 1414.30 $12.40 0.87%
Palladium 882.30 885.30 $24.60 2.70%

Other News This Week

European Central Bank Mulls Adoption Of Full Blown QE

Los Angeles CA, September 2 (Tangible Investments) - by James O Dell - Precious metals prices ended mixed on Monday as Gold eased $4.45 or 0.34 percent to close at $1,291.75 an ounce after the... [Read More]

US Doles Out $2 Trillion In Benefits Last Year

Los Angeles CA, September 1 (Tangible Investments) - by James O Dell - Gold and Silver prices ended mixed on Friday with Gold gaining $2.30 or 0.18 percent to finish the week at $1,291.75 an... [Read More]

Analysts Agree That A Correction In Stocks Is On The Way

TANGIBLE INVESTMENTS - Los Angeles - by James O Dell - Gold and Silver prices retreated on Friday as Gold eased 0.20 percent to $1,286.80 an ounce, but remained on pace to end the month... [Read More]

Another Expert Predicts 60 Percent Collapse In Equities

Los Angeles CA, August 29 (Tangible Investments) - by James O Dell - Gold and Silver prices edged higher on Thursday with Gold gaining $6.45 or 0.50 percent to close at $1,289.45 an ounce as... [Read More]

Investors Turn To Physical Gold When Cyber Attacks Increase

TANGIBLE INVESTMENTS - Los Angeles - by James O Dell - Gold and Silver prices rallied on Thursday with Gold adding 0.55 percent to $1,290.00 an ounce, on bargain and short covering, while Silver advanced... [Read More]

About Tangible Investments

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