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Gold price holding above $4,200 as Philly Fed survey drops to -12.8
KITCO· 2025-10-16 12:50
Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...
Black Coffee: Everyone Out of the Pool!
Len Penzo Dot Com· 2025-10-11 08:00
Group 1: Company News - Rite Aid, once a major pharmacy chain in the US, has closed its remaining 89 stores after filing for bankruptcy for the second time in less than two years [2] - The number of individual Chapter 7 bankruptcy filings in the US increased by 15% in the first nine months of the year compared to the previous year, totaling 249,152 filings [7] - Maxwell House coffee is rebranding as "Maxwell Apartment" and temporarily lowering its price to $39.99 for four canisters, aiming to save consumers over $1000 annually compared to cafe purchases [15] Group 2: Economic Indicators - Housing affordability in the US has improved, with the monthly principal and interest payment on an average-priced home at $2148, which is 30% of the median household income, still above the long-run average [10][11] - Shipping costs from Shanghai to Los Angeles have dropped to $2311, the lowest since December 2023, with US import volumes projected to decline by 19% year-over-year by January 2026 [15] - The US national debt is nearing $38 trillion, with annual deficits approaching $2 trillion, raising concerns about the sustainability of the current debt-based monetary system [20][25] Group 3: Market Performance - The stock market experienced significant declines, with the Dow losing 1.9%, the S&P 500 falling approximately 2.7%, and the Nasdaq sliding 3.6% in response to President Trump's tariff promises [18] - Gold prices have increased by approximately 50% this year, marking the best annual performance since 1979, yet 40% of fund managers still do not own gold [32]
Gold price holding firm as U.S. new home sales fall 0.6% in July
KITCO· 2025-08-25 14:14
Core Insights - The article does not provide specific insights or analysis related to a company or industry, focusing instead on the author's background and experience in journalism and finance [1][2]. Company and Industry Summary - The author, Neils Christensen, has over a decade of experience in journalism, particularly in the financial sector since 2007 [1]. - The article does not contain any financial data, company performance metrics, or industry trends that could be summarized [2].
Gold price continues to tread water above $3,300 as Philly Fed Survey drops to -0.3
KITCO· 2025-08-21 13:32
Group 1 - The article discusses the background and experience of Neils Christensen, a journalist with over a decade of reporting experience, particularly in the financial sector since 2007 [3] - Neils Christensen holds a diploma in journalism from Lethbridge College and has covered various topics including territorial and federal politics in Canada [3] Group 2 - The article emphasizes that the views expressed are those of the author and may not reflect the views of Kitco Metals Inc [4] - It is noted that the information provided is for informational purposes only and does not constitute a solicitation for financial transactions [4] - The article includes a disclaimer regarding the accuracy of the information and the lack of liability for losses or damages arising from its use [4]
Gold price modestly up as trader focus turns to major Fed event
KITCO· 2025-08-18 12:23
Group 1 - Jim Wyckoff has over 25 years of experience in stock, financial, and commodity markets [1] - He has worked as a financial journalist and covered various futures markets in the U.S. [1] - Jim is the proprietor of an analytical, educational, and trading advisory service [2] Group 2 - He has held positions as a technical analyst for Dow Jones Newswires and as a senior market analyst with TraderPlanet.com [2] - Jim is also a consultant for the "Pro Farmer" agricultural advisory service [2] - He was the head equities analyst at CapitalistEdge.com [2] Group 3 - Jim provides daily market roundups and technical analysis on Kitco.com [3]
Gold price mildly up, supported by weaker USDX
KITCO· 2025-08-15 12:00
Group 1 - Jim Wyckoff has over 25 years of experience in stock, financial, and commodity markets [1] - He has worked as a financial journalist and covered various futures markets in the U.S. [1] - Jim is the proprietor of an analytical, educational, and trading advisory service [2] Group 2 - He has held positions as a technical analyst for Dow Jones Newswires and as a senior market analyst with TraderPlanet.com [2] - Jim is also a consultant for the "Pro Farmer" agricultural advisory service [2] - He was the head equities analyst at CapitalistEdge.com [2] Group 3 - Jim provides daily market roundups and technical analysis on Kitco.com [3]
Shock U.S. tariffs on Swiss gold bars send gold price rocketing through $3,400/oz
KITCO· 2025-08-08 03:05
Group 1 - The article discusses the experience and background of Ernest Hoffman, a Crypto and Market Reporter for Kitco News, highlighting his 15 years in media and market news [3] - Hoffman established the broadcast division of CEP News in Montreal, creating a fast web-based audio news service and producing economic news videos [3] Group 2 - The article includes a disclaimer stating that the views expressed may not reflect those of Kitco Metals Inc. and emphasizes the importance of accuracy in the information provided [4]
What’s New on GuruFocus: Complete Guide and Demo
GuruFocus· 2025-07-16 22:04
Government Debt - US debt to GDP ratio is approximately 121%, with about 36 trillion USD of debt and a GDP of about 30 trillion USD [1] - US debt to GDP ratio is among the highest, second only to Japan's 240% [2] - US national debt is considered a significant problem for the market's future [3] - The debt to GDP ratio has doubled since the 1990s, when it was around 60-66% [3] Gold and Silver Ratio - The current gold to silver ratio is about 91, while historically it averages around 60 [3][4] - Gold prices have increased by approximately 30% this year [5] US Dollar and Platinum - The US dollar has declined by about 12% in the first six months of the year, marking one of the biggest declines since 1973 [5] - Platinum prices are currently less than half the price of gold, despite recent increases [6] - Platinum may be an option for diversifying out of stocks or other assets [6]
Gold price continues to tread water above $3,300 following unchanged US PPI
KITCO· 2025-07-16 12:44
Core Points - The article does not provide any specific information regarding companies or industries, thus no core viewpoints can be summarized. Group 1 - No relevant content available for summarization [1][2][3][4]
Gold price can hold $3,300 an ounce but faces growing competition in the commodity sector
KITCO· 2025-07-11 19:38
Group 1 - The article lacks coherent information regarding specific companies or industry insights, making it difficult to extract meaningful key points [1][2][3][4]