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4:35
Gold Taking Short-term Cues From Euro - Peter Hug | Kitco News
Gold Taking Short-term Cues From Euro - Peter Hug | Kitco News
Gold Taking Short-term Cues From Euro - Peter Hug | Kitco News
Gold prices saw some gains after a pretty dismal week following negative Empire State Manufacturing data, out Wednesday, as Peter Hug explains that while the jury may still be out regarding the U.S. economy, it does keep his belief of no rate hikes until 2016. “We’ll see if we have a scenario similar to 2014, where the first quarter was dismal and then the economy started to pick up, so the jury’s still out there,” he says, “but as long as this economic data keeps coming in as it has been coming in, I see absolutely no impetus from the Fed to move early.” Hug also touches on the euro affecting gold prices, which he believes could trigger a ru
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4:13
Is Gold’s Rally Enough To Boost Wyckoff’s Market Ratings? | Kitco News
Is Gold’s Rally Enough To Boost Wyckoff’s Market Ratings? | Kitco News
Is Gold’s Rally Enough To Boost Wyckoff’s Market Ratings? | Kitco News
As the week goes on, a weaker U.S. dollar has all eyes on it as Jim Wyckoff highlights the latest regarding the sputtering currency and gold prices during this week’s edition of “Technically Speaking.” Commenting on gold’s recent winning run, Wyckoff says that while disappointing U.S. data is always a bullish factor; the USD is in the spotlight. “[It] really has propelled a lot of raw commodity markets maybe out of their doldrums, and maybe even starting to suggest that the raw commodity market sector is bottoming out.” While the weaker USD remains a driver for gold prices, Wyckoff also notes the importance of Greek and German talks as he say
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8:02
Was The Fed A Game Changer For Gold? - Gary Wagner | Kitco News
Was The Fed A Game Changer For Gold? - Gary Wagner | Kitco News
Was The Fed A Game Changer For Gold? - Gary Wagner | Kitco News
Gary Wagner joins Kitco News after this action-packed week to share his latest thoughts on the gold market. Wednesday’s FOMC policy meeting caused a stir in the gold market, which is now looking like it may close off the week on a positive note. Wagner says that although it is an extremely oversold market, he wouldn’t be amazed to see gold head higher. “I wouldn’t be surprised to see the market bounce, even as high as $1,220 an ounce.” He says that despite the dollar’s drop on Wednesday, which he says was the greatest drop since 2009, he still sees the currency heading higher. “I’ve never seen that kind of a move,” he says. “The dollar will
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4:57
Lead The Way Dollar, Says Gold - Peter Hug | Kitco News
Lead The Way Dollar, Says Gold - Peter Hug | Kitco News
Lead The Way Dollar, Says Gold - Peter Hug | Kitco News
Kitco News speaks with Peter Hug following the release of higher inflation data in the U.S. and as the dollar continues its correction. Hug says gold is taking its direction mainly from the dollar. “If the dollar continues to weaken, it is short-term positive for the metals,” he says. “[But] I still think the macro picture is for a stronger dollar.” Looking to inflation data, Hug says it could have both positive and negative effects on gold. “Should CPI and inflation start to pick up, the short-term effect would be that the Fed may move earlier, which would be a stronger dollar, which would be short-term negative for the metals,” he explains.
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5:10
Gold Is A Fantastic Commodity - CME Group Precious Metals Head | Kitco News @ The NYMEX
Gold Is A Fantastic Commodity - CME Group Precious Metals Head | Kitco News @ The NYMEX
Gold Is A Fantastic Commodity - CME Group Precious Metals Head | Kitco News @ The NYMEX
Kitco News’ Daniela Cambone joins CME Group’s executive director of metals products Harriet Hunnable at the NYMEX to talk about recent gold activity and how she sees the market set up. Hunnable says there is “lots more activity on the exchange” and she notes that trading coming from Asian markets is important to consider. “I’m really excited how the Renminbi market is coming along,” she says. “The Renminbi is actually going to be a much more important currency than it has been in the past...that’s the market to watch.” Looking at gold, Hunnable says the metal is really trading around equity, Forex and interest rate volatility. “Gold is univer
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5:23
Gold Still On Launch Pad As We Start 2015 - Peter Schiff | Kitco News
Gold Still On Launch Pad As We Start 2015 - Peter Schiff | Kitco News
Gold Still On Launch Pad As We Start 2015 - Peter Schiff | Kitco News
Kitco News speaks with Peter Schiff to get his forecasts for gold in this special outlook edition. Last time Schiff was on the show, he said he expects gold price to take a “rocket ship back up” and we wanted to know if he has since changed his tune. He is still bullish on gold and says the U.S. economy is not as strong as people perceive it to be. “I think [gold] is set up perfectly and I think it’s still on that launch pad,” he says. “I do believe you are going to see panic buying in the gold market because it’s really going to be panic selling of the dollar.” Schiff adds that too many people believe in what he called a “phony recovery” and
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6:47
Silver Is Headed To This In 2015 - David Morgan | Kitco News
Silver Is Headed To This In 2015 - David Morgan | Kitco News
Silver Is Headed To This In 2015 - David Morgan | Kitco News
Kitco News continues its PDAC 2015 coverage with David Morgan to talk about how he sees silver set up this year. "I think we're going to be able to get to the $26 level this year," he says, adding that he wouldn't expect much to happen in the metals markets until September. Morgan is also optimistic about gold prices, saying that he expects to see the metal reach $1,550 an ounce by October. "Both those levels are crucial for each metal respectively," he says. Tune in now for more coverage from the world's largest mining conference. Kitco News, March 3, 2015.
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to
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10:03
Gold Will Take Rocket Ship Back Up – Peter Schiff | Kitco News
Gold Will Take Rocket Ship Back Up – Peter Schiff | Kitco News
Gold Will Take Rocket Ship Back Up – Peter Schiff | Kitco News
Are Russia and Europe buying more gold? Will the Swiss vote ‘yes’ in its gold referendum? Is there a chance for QE4? Peter Schiff is on Kitco News to comment on some of the most recent headlines surrounding the gold market and also to share his thoughts on the U.S. economy. The Euro Pacific CEO says the U.S. recovery isn’t real and adds that the dollar is only strong because all other currencies are weak. “I think people are worried about the Yen, about the Euro so the dollar wins by default…It’s only because of the euphoric effects of our last round of QE haven’t worn off yet.” Schiff adds that he doesn’t think the Fed will raise rates becau
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8:06
How To Manage The "Nightmare" Of Low Silver Prices - CEO | Kitco News
How To Manage The "Nightmare" Of Low Silver Prices - CEO | Kitco News
How To Manage The "Nightmare" Of Low Silver Prices - CEO | Kitco News
Fortuna Silver Mines' CEO Jorge Ganoza joins Kitco News to talk about the company's results in 2014 as well as how he has managed to succeed in this lower price environment. "I find that many of the CEOs spend a lot of time talking about the one thing we don't control, which is price," he says. "What we can control is our cost." At current price levels, Ganoza is confident in his business' success and says he is focused on developing assets and positioning his company as the lowest cost producer. "That should take off the nightmare of lower [silver] prices," he says. Tune in to our continued coverage of the BMO Metals & Mining Conference. Kit
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5:11
Gold At Critical Level - Peter Hug | Kitco News
Gold At Critical Level - Peter Hug | Kitco News
Gold At Critical Level - Peter Hug | Kitco News
As gold continues its decent, Kitco News speaks with Peter Hug to see if he sees a turnaround for prices. According to Peter, fundamentals look weak for gold. “Fundamentally, we’ve been relatively negative the gold market,” he says. However, he says some pillars have been holding up the market, including uncertainty in Greece. Peter argues that the strong dollar is what is pushing gold prices down since the metal is a dollar-based commodity. Since the market is extremely short, however, Peter says any surprises may provide significant pops to the upside. “But there are significant headwinds, from a commodity perspective, for the price of gold
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5:04
Gold Better Than Swiss Bank Account - GSA Editor | Kitco News
Gold Better Than Swiss Bank Account - GSA Editor | Kitco News
Gold Better Than Swiss Bank Account - GSA Editor | Kitco News
The man behind the magic of Gold Stock Analyst joins Kitco News to discuss mining companies, the current gold price and why he thinks investors are more likely to own the yellow metal than a Swiss bank account. “Gold doesn’t have a negative yield, it does better than a bank account in Switzerland,” Garrett Goggin, analyst at GSA, told Daniela Cambone. Despite the expectation of continued volatility, Goggin says he sees an opportunity for gold investors to come in the Spring. “We could potentially get a gold wash out during spring - April or May - which could be an amazing buying opportunity,” he says. Tune in for more from John Doody’s right-
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5:43
Still Eying Triple-Digit Silver | Kitco News
Still Eying Triple-Digit Silver | Kitco News
Still Eying Triple-Digit Silver | Kitco News
Keith Neumeyer sits with Kitco News at the BMO Global Metals and Mining Conference to talk about First Majestic Silver's latest results as well as a new initiative he is involved with. According to Neumeyer, silver’s volatility has been a big challenge for the past two years but he says he has taken the necessary measures to ensure the company's sustainability in current market conditions. In the long term, he says he expects silver prices to move much higher. “I’m a big believer we’re going to see triple digit silver,” he says. Neumeyer will also be part of a special panel discussion during our PDAC coverage next week, and he touches on that
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4:09
Gold 'Absolutely' A Safe Haven - BMO Analyst | Kitco News
Gold 'Absolutely' A Safe Haven - BMO Analyst | Kitco News
Gold 'Absolutely' A Safe Haven - BMO Analyst | Kitco News
Kitco News speaks with BMO’s Jessica Fung to see how she sees gold and silver set up for the coming year. Based on her research, Fung says she expects U.S. dollar strength, which has hindered upside potential for metals prices, to continue. “In this environment, where we expect the U.S. dollar to continue to strengthen, I think we’re going to maintain a very high gold-to-silver ratio,” she says, adding that this increasing ratio hasn’t allowed silver to keep up with any gold price upswings. Looking to global uncertainty, Fung says gold is ‘absolutely’ a safe-haven. “It always will be and that is what it will take to drive prices higher,” she
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9:05
Cup Of Silver A Day Keeps The Doctor Away - David Morgan | Kitco News
Cup Of Silver A Day Keeps The Doctor Away - David Morgan | Kitco News
Cup Of Silver A Day Keeps The Doctor Away - David Morgan | Kitco News
Can silver cure Ebola? Tune in now to hear David Morgan’s thoughts on the uses of silver in medicine. Our five-year celebration continues and today it’s all about silver! Kitco News speaks with the silver guru to see how he sees the metal holding up these past 5 years. “The fundamentals are still probably better than ever really,” he tells Daniela Cambone. “When you stop and think about it…of why you buy these metals, the reasons for buying them have not gone away.” Morgan also comments on the fact that 70% of the silver produced is an ‘offtake of mining for base metals’ and how he sees this affecting the supply fundamentals for the metal.. K
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6:04
Fed Raising Rates Now Is A Wrong Move - Peter Hug | Kitco News
Fed Raising Rates Now Is A Wrong Move - Peter Hug | Kitco News
Fed Raising Rates Now Is A Wrong Move - Peter Hug | Kitco News
The Fed is all the rage on this green Saint Patrick’s day Tuesday as Peter Hug focuses on the Federal Open Market Committee (FOMC) meeting, which kicked off today and concludes on Wednesday. For Hug, he says he hopes the Fed holds off on any big decisions, with the way the global economy is set up right now “given the global scenario, the disinflationary scenario, at least in Europe – Japan’s still not firing, China’s growth is slowing [and] the U.S. economic numbers that have been coming out recently, some have been ok, but they’re not stellar.” Hug adds that a shift in language tomorrow is possible, which would impact markets, but ultimatel
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5:37
Could The Fed Surprise Markets Next Week? | Kitco News
Could The Fed Surprise Markets Next Week? | Kitco News
Could The Fed Surprise Markets Next Week? | Kitco News
It’s Friday and Gary Wagner is back on Kitco News to make sense of all the ‘drama’ that has happened this past week in the market. Gold hit a high of $1,307 an ounce Thursday and Wagner says, on a technical basis, there is a “defining trend that this market has moved up.” He adds that the gold market is in unusual territory right now with it moving higher in tandem with the U.S. dollar and U.S. equity markets. Looking to next week’s Federal Reserve monetary policy meeting, Wagner says that there could be a surprise but he’s “not convinced that we require, in the United States, the same type of drastic reaction as we’ve seen in Europe.” Get hi
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6:54
The Fed Will 'Stay Out Of The Way' Until 2015 - Peter Hug | Kitco News
The Fed Will 'Stay Out Of The Way' Until 2015 - Peter Hug | Kitco News
The Fed Will 'Stay Out Of The Way' Until 2015 - Peter Hug | Kitco News
Tune in to this special outlook edition of "For Pete's Sake" where Peter Hug shares his forecasts for the metals in the coming year. "This is a really awkward time for the markets," he said. "There's a lot of noise in this market right now, and this noise is causing volatility in the metals." Hug also comments on the Fed ahead of Wednesday's meeting and says he expects them to 'stay out of the way' until the holidays are over. "If they make an outright comment that they're going to raise rates on a specific date, I think that could have a pretty serious hit to the equity markets." Tune in now to find out why Peter thinks the PGMs will perform
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9:40
Gold Broke Below Gary’s Key $1,180 Level; What’s Next? | Kitco News
Gold Broke Below Gary’s Key $1,180 Level; What’s Next? | Kitco News
Gold Broke Below Gary’s Key $1,180 Level; What’s Next? | Kitco News
Gold hit a four-year low this morning, reaching levels not seen since July 2010. Kitco News speaks with Gary Wagner to find out what clues the charts are giving him about gold’s next move. Gary offers an in-depth look into the market as gold breached the key support level of $1,180 that Gary has been pointing out for the past month. Is Roubini’s call for $1,000 gold right? Tune in now to the latest edition of “Chart This” to find out. Kitco News, October 31, 2014.
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6:40
Dollar Due For A Correction, All Eyes On Fed - Frank Holmes | Kitco News
Dollar Due For A Correction, All Eyes On Fed - Frank Holmes | Kitco News
Dollar Due For A Correction, All Eyes On Fed - Frank Holmes | Kitco News
As gold prices continue to look for a solid footing, Kitco News speaks with Frank Holmes to find out how he sees the metal set up ahead of this important FOMC week. Holmes says the dollar is really his focus, which has jumped to levels last seen in mid-2003. “It appears to be a crowded trade,” he says. “And we’re due for a correction.” Looking to opportunities and threats for gold, Holmes examines treasury yields in the U.S. as well as other Europe to determine where gold may be headed. Tune in to the latest edition of “Gold Game Film” to find out what may be Frank’s touchdown pass of the week. Kitco News, March 16, 2015.
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6:48
"Bad News Is Good News For Gold” - Frank Holmes | Kitco News
"Bad News Is Good News For Gold” - Frank Holmes | Kitco News
"Bad News Is Good News For Gold” - Frank Holmes | Kitco News
Kitco News kicks off the new year with none other than Frank Holmes as investors shake off the holiday hangover and roll into work Monday. Starting out, Holmes frames gold as one of the top performing currencies in 2014 if you look at the commodity as a currency. “Gold was the second best performing currency – when you make gold as money – in the world last year. Number one was the U.S. dollar,” Holmes says. “When you converted (gold) into these other country’s currencies, gold was spectacular.” Holmes touches on Goldman Sachs’ dovish comments on gold recently before diving into opportunities and threats for the yellow metal. Tune in now to s
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5:21
"Cash Will Be Trash," Future Of Gold “Very Good” – Rich Dad’s Robert Kiyosaki
"Cash Will Be Trash," Future Of Gold “Very Good” – Rich Dad’s Robert Kiyosaki
"Cash Will Be Trash," Future Of Gold “Very Good” – Rich Dad’s Robert Kiyosaki
Kitco News speaks with Rich Dad, Poor author Robert Kiyosaki to find out how he sees gold, oil and stocks in the coming year, given the volatility in financial markets this month. “Get out of the stock market!” is his clear message to investors in his latest book “Second Chance: for Your Money, Your Life and Our World.” Kiyosaki says he thinks the future of the dollar is bleak, which would translate into a “very good” future for gold prices. “When the euro collapses, it means the dollar will collapse soon thereafter,” he says. When asked if he allocates 5-10% of his portfolio in gold, Kiyosaki says he actually has more and stored in “faraway
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3:48
Owning Gold Is The Beginning Of Internationalization - Casey Research | Kitco News
Owning Gold Is The Beginning Of Internationalization - Casey Research | Kitco News
Owning Gold Is The Beginning Of Internationalization - Casey Research | Kitco News
Kitco News speaks with senior economist and editor at Casey Research Terry Coxon about the current gold prices and why he thinks the metal will not go back below recent lows. “The big question right now is whether gold will go back below the recent low of $1,090,” he says. “And my opinion is that it will not because, by now, all the people who had a reason to sell [gold]….have already sold.” He adds that people who own the metal now are investors who have the intention to keep it. Coxon says he is not too concerned with the recent dollar strength either and shares some techniques for investors to protect their assets abroad. “It’s still in th
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5:18
Fed Doesn't Need To Raise Rates Yet - Frank Holmes | Kitco News
Fed Doesn't Need To Raise Rates Yet - Frank Holmes | Kitco News
Fed Doesn't Need To Raise Rates Yet - Frank Holmes | Kitco News
Super Bowl week starts off with Frank Holmes setting up the week for the yellow metal on this edition of Gold Game Film. Touching on volatility with gold prices, Holmes says that a run up of $300 over the next 12 months would be significant. “I think when we look back a month ago to where gold is today, it’s just normal DNA of volatility. But what’s driving it are the uncertainties of the euro, and negative real interest rates.” Holmes also notes that he saw a shift in sentiment for gold at the turn of the year. “I think sentiment changed in the first week of January when you saw gold, and all the gold stocks, breakthrough their 50-day moving