Author Archives: Everett Millman

Stocks Struggle to Rebound While Gold Hovers Near 5-Month Low

May 18th, 2018 by

Yesterday saw spot gold close completely unchanged, holding at $1,290 an ounce.

The yellow metal touched fresh five-month lows Friday morning. Gold slipped 0.15% to $1,288/oz in early trading.

Meanwhile, the silver price wiped out most of the previous day’s gains. The argent metal lost 5¢ (-0.35%) to $16.34/oz.

Platinum was down 0.9% (-$8) to $881/oz while palladium was flat around $975/oz.

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An Egyptian Billionaire Is Investing Half of His Net Worth in Gold

May 5th, 2018 by

Prominent hedge fund managers and personalities in the investing community will at various times make the case for gold as an investment.

Sometimes the reason cited is technical in nature, the result of analyzing price charts. Others base their call on fundamentals such as inflation.

Aside from the fact that the argument for investing in gold is actually evergreen, it’s refreshing when one of these thought leaders literally puts their money where their mouth is.

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