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Jim Rogers On Fear, Gold, And One Sector To Be Bullish On – Business Insider

Jim Rogers On Fear, Gold, And One Sector To Be Bullish On – Business Insider

Release Date:  Friday, October 6, 2017

Gold ended the week down, as “prices were under pressure on Thursday as the dollar gained traction following a stronger than expected U.S. jobless claims report… Prices are sliding through support near the 100-day moving average at 1,272, and are poised to test August 7, lows at 1,249. Resistance above the 100-day moving average is seen near the 10-day moving average at 1,283.” (“Gold Price Prediction For October 6, 2017.” Fxempire.com 10.05.17)

Exploration Insights’ Joe Mazumdar told Kitco News at the Mines & Money conference in Toronto, “with gold price trading at current levels, below $1,300 an ounce, one geologist says we may be running out of gold. If the gold price stays at these levels, there’s not enough quality ounces.” (“If Gold Prices Stay At These Levels, There Will Be A Problem – Joe Mazumdar.” Kitco 10.05.17)

Gold ended the week down $3.30, closing at $1277.10. Silver prices closed at $16.91, up $0.18.

Legendary Investor Jim Rogers On Fear, Gold, And The One Sector To Be Bullish On – Business Insider
Legendary investor, best-selling author and Guinness World Record holder shared his insight on the fear in the market, how to buy gold.

How being “fearless” is good…sometimes
“When things are going right, we all need a 26-year-old. There’s nothing better than a 26-year-old in a great bull market, especially in a bubble, because they’re ‘fearless’. To youthful investors, a bull market will never end…

“Now, that’s great in a bull market. But in stormier weather when things are going south, Jim thinks that older (and perhaps wiser) heads should take the helm because fearlessness can be very dangerous in a bear market…

“In short, during uncertain times, sometimes the best thing to do is nothing. And part of doing nothing is holding what’s maybe one of the most –hated assets of all: Cash. It doesn’t earn anything, inflation eats away at it, central banks can’t stop printing it, and you’re denying yourself the magic of compounding if you’re holding cash…

Why agriculture should be on your radar
“One sector that has been bearish for a long time is agriculture. It is down around 30 percent over the last two decades. But what goes up must comedown (and vice-versa)…

“Often throughout history if you find things that are disasters and you buy them, you may lose money first or you may go bankrupt first, but usually you make a lot of money in the end. It’s not the first time we’ve had big cycles in agriculture, in real assets, and probably not be the last time either…

Everyone should own gold
“Everyone should have coins, physical coins, as an insurance policy, as an emergency, if nothing else. You hope you never need them. But you’ve got to start by owning gold coins, coins that are recognized all over the world…

“History has proven time and again that gold is one of the best ways to hedge your portfolio… And, unlike paper money, gold is a permanent store of value. Gold has withstood history and maintained its inherent value. It’s durable, easy to transport, looks the same everywhere, and it’s easy to weigh and grade. In short, gold is insurance against financial calamity.

“You should have physical possession of some gold coins. After that, gold futures are the best way if you want to make money and you’re a good trader. Gold futures, that’s where you can get the most leverage, unless you can find the right gold mine. But there are hundreds of gold mines. So if you find the right gold mine, do it. But otherwise, have some gold coins in your closet or in your safety deposit box or both. And then learn about gold futures because that’s the way to make a lot.” (“Legendary Investor Jim Rogers On Fear, Gold, And The One Sector To Be Bullish On.” Business Insider 10.01.17)

This Could Be A No-Brainer Gold Buying Opportunity – Forbers
Historically, geopolitical risk boost the price of gold and increase safe haven demands. However, events with North Korea this past week is showing a different story, giving a great opportunity for buying gold.

“Early last week, North Korea said it was interpreting some of President Donald Trump’s comments as a declaration of war, insisting it can freely shoot down American military planes even if they’re not flying in North Korean airspace. As everyone is pointing out, the country has made similar threats in the past, but with Trump as president, there could be an added level of unpredictability…

“Ordinarily, we would expect geopolitical risk of this scale to boost the price of gold on increased safe haven demand. Instead, the yellow metal struggled last week to extend the gains it’s made in 2017 so far…

“The main contributor to the pullback is likely the fact that markets in China will be closed this week in observance of Golden Week. Think of Golden Week as China’s Fourth of July—if the Fourth of July lasted for several days. This year marks the 68th anniversary of the founding of the People’s Republic of China…

“As you can see above, gold immediately rallied following the correction in 2014 and 2015, but it continued to drop in 2013 and 2016…

“There’s no telling what it might do this year, of course, but I believe this could be a good buying opportunity, as the forth-quarter Indian wedding season has historically brought with it higher gold prices on stronger demand. The backdrop looks favorable for all metals, in fact, as we head into the final quarter of the year, with improving global economic and manufacturing activity demand could surge…

“The U.S. dollar just had one of its best months of the year, and the real five-year Treasury yield turned positive. Keep your eyes on yields, though, because as soon as they turn negative again, gold could take off...

“Then there’s the record-setting stock market, which might discourage some investors from seeking a safe haven. But I think it’s worth pointing out that gold has remarkably held its own during this bull run, closely keeping track with the S&P 500 Index in 2017. As of last Friday, the S&P 500 was up 11.6 percent year-to-date, gold 11.5 percent.” (“This Could Be A No-Brainer Gold Buying Opportunity.” Forbes 10.02.17)