The gold price bottomed in late 2015 around $1,050 per ounce. It has since advanced to a high of $1,555 in early September, followed by a pullback to the current price of $1,470. Gold is in a well-defined uptrend channel with higher lows and recently higher highs. The breakout above $1,360 this
Germany Increases Gold Reserves for the First Time Since 1998!
The latest IMF data shows that Germany increased its gold reserves during the month of September. While the increase of 90k ounces of gold ($135 million worth) is not significant to their 108 million ounce total, this does mark the first time the German Central Bank has added gold to its reserves in
Drop Gold, Buy Bitcoin?
The cryptocurrency company Grayscale has launched a multi-million dollar marketing campaign imploring investors to drop gold and buy bitcoin. It is a slick video and the campaign is getting plenty of attention, but does it make any sense? The “Drop Gold” campaign kicked off Wednesday and features