Tag Archives: analyst

Gold bullion to rally on weaker dollar, rising US inflation & deficit – analyst

The second quarter expects to see another gold rally pushed by strong physical demand and the weaker US dollar, according to Boris Mikanikrezai, precious and base metals strategist at Metal Bulletin. “The resilience of gold prices in spite of the substantial wave of speculative selling since mid-March (~71 tones, corresponding to a 17 percent drop in net long spec positions) ...

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Trump slamming Russia for currency devaluation shows lack of knowledge or bias – analyst to RT

The ruble has lost nine percent of its value after Washington sanctions targeted Russian businesses. But that’s not the reason for the ruble’s depreciation, according to US President Donald Trump. “Russia and China are playing the currency devaluation game as the US keeps raising interest rates. Not acceptable,” Trump tweeted on Monday. Russia and China are playing the Currency Devaluation ...

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Oil could surge to $100 if Middle East tensions ‘really kick off’ – analyst

Prices for crude could hit more than $ 100 per barrel due to mounting tensions in the Middle East, according to founder and managing director of Akap Energy Anish Kapadia. Earlier this week, both Brent and West Texas Intermediate (WTI) skyrocketed to three-year highs, boosted by ongoing threats in Syria and increased concerns about a possible military strike by the ...

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Tech stock selloff just getting started – market analyst

It’s another volatile week for technology stocks, which has sparked a broader selloff on Wall Street and pushed the market into correction territory. Some analysts say it is just the beginning of a longer downturn. “All these tech stocks in America or other parts of the world are a little bit like the British royal family,” David Marsh, managing director at ...

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Gold breaking out with bigger rally ahead – analyst

The gold rally is expected to continue with prices for the precious metal likely to grow in the near term, predicts publisher of the Bear Traps Report, Larry McDonald. After last week’s surge, the gold market extended gains on Monday to reach its highest level in five weeks before retreating slightly over the last two days. McDonald told CNBC that ...

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Analyst predicts Bitcoin will hit $91k by 2020

Investors in bitcoin are about to see a turn around in their fortunes. That’s the prediction of analysts at one research firm who claim the value of the cryptocurrency will reach $ 91,000 by March 2020. Bitcoin has seen its value more than half since hitting a high of almost $ 20,000 in December. On Sunday, one bitcoin cost investors ...

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No chance of another European gas crisis, because this time EU in full control of Ukraine – analyst

Brussels will not allow a repeat of the January 2006 gas crisis, when Ukraine allegedly siphoned deliveries destined for Europe, predicts TeleTrade analyst, Petr Pushkarev. Read more That is because the current Ukrainian government is completely dependent on the EU, both financially and politically, he told RT. “Europe has all the levers of influence on Ukraine, something not seen in ...

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Imminent collapse of US dollar & other major currencies will push gold to $10,000 – bullion analyst

An ounce of gold will cost $ 10,000 as soon as global currencies crash and central banks have to appeal to a gold-backed monetary system, according to Byron King, editor of Jim Rickards’ Gold Speculator. Read more “If you take the global money supply, back it with 40 percent gold, you need $ 10,000 gold to make the math work, ...

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Great gun divide: School shooting survivors vent fury at Fox News analyst

Survivors of this week’s Florida High School shooting have heavily criticized Fox News contributor Tomi Lahren for her comments on gun control in the wake of the attack which killed 17 people. The outspoken conservative commentator took to Twitter after the mass shooting to target ‘the Left’ for “pushing their anti-gun agenda,” declaring: “This isn’t about a gun it’s about ...

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Bitcoin belongs more to the realm of fraud than finance or economics – analyst 

Cryptocurrencies have no intrinsic value behind them, which is why they can be compared to Monopoly money, according to Alessandro Bruno, senior political and financial writer at Lombardi Letter. “It’s not about innovation, it’s not about progress, it’s not about automation. Bitcoin – and other cryptocurrencies (except for the gold backed or oil backed ones, has become another financial ‘expression’ ...

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