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DetailsIt’s official: China overtakes India as top consumer of gold. China officially overtook India as the world’s largest consumer of gold in 2013, according to the World Gold Council (WGC), in a year that saw overall demand for bullion slump 15 percent owing to heavy exchange traded fund (ETF) selling. Jonathan Barratt, Founder of Barratt’s Bulletin, says continued Chinese demand for the precious metal could push gold prices to
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Credit:CNBC’s Giovanny Moreano and Pradip Sigdyal.
The Chinese New Year is symbolized by an animal from the zodiac calendar, rotating through a 12-year cycle. Last year, for example, was the Year of the Snake and 2012 was the Year of the Dragon.
Since 1928, Horse years have been cautiously optimistic for the S&P 500 and Dow, posting average annual returns of 2.41 percent and -0.09 percent, respectively.
In fact, the Year of the Horse ranks as the second-weakest year for both the
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If you thought January was bad for stocks, wait for February.
February is historically a rocky month for stocks, but it’s bound to perform even worse when January is negative.
Since 1971, when January was negative, the S&P 500
DetailsTerry Sacka on The Wealth Transfer show on the Christian Television Network discussing U.S. economic statistics. Not the numbers you’re fed through the media, but the shadow statistics that come from shadowstatistics.com, giving you a real look into the raw U.S. economic data. This data will give you shocking numbers on inflation, unemployment, and money printing by our government that directly impacts the future of your retirement. This will help you
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Jon Steinberg, president and chief operating officer of BuzzFeed, weighs in on the digital currency, explains how and who is mining it, and unveils a bitcoin mining
As emerging market worries weigh on stocks, gold and bonds look ready to rally. A quick market check just before the Fed decision, with Kenny Polcari of O’Neil Securities, and Abigail Doolittle of Peak Theories.
DetailsIs another $10 billion taper coming? The outlook for Treasurys, with Lawrence McDonald, Newedge, CNBC’s Mandy Drury and the Futures Now Traders.
DetailsBill Fleckenstein says that when stocks do finally decline, they could drop by 30 percent. With CNBC’s Jackie DeAngelis and the Futures Now Traders.
“The [price-to-earnings ratio] is 16, 17 times earnings,” Fleckenstein said on Tuesday’s episode of “Futures Now.” “Why would you pay 16 times for an
DetailsTerry Sacka on The Wealth Transfer show on the Christian Television Network discussing real supply and demand using figures and images of God’s money: gold and silver. China, India, and Russia lead the way in
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