S&P 500 Companies Expected to Report Negative Earnings in Coming Weeks

The Wholesale Direct Metals reviews of today's markets are revealing some interesting trends. The third quarter was supposed to be when earnings growth returned to U.S. companies. Not anymore. 
Companies in the S&P 500 are now expected to report negative earnings growth for the sixth consecutive quarter in the coming weeks, according to analysts polled by FactSet. That slump would be the longest since FactSet began tracking the data in 2008. The prolonged contraction has raised questions about how far stocks can rise without corresponding strength in corporate earnings. 
As recently as three months ago, analysts estimated U.S. corporate earnings growth would return to positive territory by the third quarter. As of Friday, they were predicting a 2.3% contraction from the year-earlier period. Many of the factors pressuring U.S. corporate earnings in recent quarters -- including a stronger dollar and falling oil prices -- have abated in 2016. The WSJ Dollar Index, which measures the U.S. dollar against a basket of 16 currencies, is down 4% this year, versus up 8.6% for all of last year, and the price of U.S.-traded crude oil has risen 20% in 2016, rebounding from its extreme lows. Still, those moves haven't been enough to project an end to the earnings recession. 
Wholesale Direct Metals maintains its position on the movement of the markets as it pertains to precious metals investing.

Other U.S. Banks in Crosshairs from Wells Fargo Scam

Wholesale Direct Metals reviews the latest market data. Richard Cordray, Director of the Consumer Financial Protection Bureau, tells FOX Business his agency is investigating potentially illegal activity at other banks similar to the scam perpetrated against unsuspecting customers at Wells Fargo (WFC). “We’ve put the entire banking industry on notice that this kind of conduct is completely inconsistent with what it means to be a bank" he said. Wells Fargo agreed to pay a $100 million fine and $85 million in penalties and restitution after it was revealed thousands of Wells Fargo employees were part of a “widespread illegal practice of secretly opening unauthorized deposit and credit card accounts” in order to meet sales goals and compensation incentives. In some cases, those fraudulent accounts earned the bank fees which it has agreed to refund to customers. Wells Fargo announced on Monday that it would eliminate the sales goals and product cross-selling as a result of the investigation.  FOX Business reached out to other banks to see if they had similar programs. JPMorgan Chase (JPM) and Bank of America (BAC) declined to comment. Citi (C) did not respond to a request for comment at the time of publication. The Wall Street Journal reports federal prosecutors in New York and California have subpoenaed documents from Wells Fargo as part of an investigation into potential criminal activity at the bank.  Cordray says his agency will cooperate with federal investigators. Wells Fargo knew in 2011 there was a problem and says it began firing employees five years ago, 5,300 to date, for violating bank policy.  But Wells Fargo has refused to comment on what steps it may have taken to stop the illegal activity.  This activity is significant in light of the latest reports filed by Wholesale Direct Metals.

Gold May Be Worth More Than Its Spot Price

Today's report from Wholesale Direct Metals reveals some interesting data.  Gold may be worth more than what traders have decided is the spot price. There's a correlation between gold price changes and the rate at which central banks bought assets to expand their balance sheets, according to Deutsche Bank's Michael Hsueh and Grant Sporre. And the pace of balance-sheet expansion — by 300% since 2005, according to the analysts — indicates that gold could be worth more. They wrote in a note on Friday: "Let us be clear; we are not saying that gold will trade up to USD1,700/oz in the near term, but when viewed against the aggregated balance sheet of the 'big four' global central banks (the Fed, ECB, BoJ and PBoC) the argument can be made if we view gold as a currency, the metal is worth closer to USD1,700/oz, versus the spot price of USD1,326/oz." To be sure, this isn't an argument for gold as a currency, and there are arguments against that notion. For one, gold isn't a legal tender that's widely paid or received in exchange for goods and services, partly because it's not as easy to print or transport as paper cash. But the argument that Hsueh and Sporre make is that gold price percentage changes have historically moved in tandem with the rate of central bank balance-sheet expansions, but gold is not keeping up right now: "Over the same period [2005 till now] as the aggregate central bank balance sheet expanded by 300%, global above ground stocks grew by 19% in tonnage terms or c.200% in value terms. If we were to assume that the value of gold should appreciate to keep the overall value of the big four aggregate balance sheet equivalent to that of the value of the above ground gold stocks, then gold should be trading closer to USD1,700/oz." There were only two times in the past decade when this relationship broke down, they wrote. The first was during the Great Recession, when central banks sold their gold reserves to meet liquidity requirements. The other time was in 2013, when the Federal Reserve signaled that it was winding down its massive quantitative-easing program involving asset purchases. "As long as the central banks' balance sheets continue to expand, the gold price should maintain some momentum," the wrote. "The rate of gold price appreciation is however likely to slow, given that the momentum so far this year has outpaced that of the central bank expansion."  This latest report follows Wholesale Direct Metals complaints about the financial markets.

Fed Bets Recede on Factory Data, Treasuries Rise, Dollar Falls

In light of today's market news, Wholesale Direct Metals complaints are validated. Financial markets were taken aback by weak manufacturing data in the world’s largest economy, after reports in other major economies pointed to a recovery amid robust consumer spending. While Fed Chair Janet Yellen said last week that the case for an increase in borrowing costs has strengthened, wagers on a hike receded before key jobs data due Friday. Traders assign a 34 percent chance of higher rates this month, down from 40 percent earlier on Thursday, according to Fed fund futures data compiled by Bloomberg. “Expectations for a rate hike have been pushed down slightly because investors want to see a continued string of strong data to support that view,” said Jack Ablin, the Chicago-based chief investment officer of BMO Private Bank, which oversees about $66 billion. “That creates a certain degree of uncertainty and doubt as to what the Fed’s likely to do. All eyes are on the payrolls number tomorrow. I don’t expect anything too dramatic from that.” The Institute for Supply Management’s manufacturing index signaled contraction for the first time in six months. Elsewhere, an index of Chinese factory sentiment rose to the highest level in almost two years, while U.K. manufacturing showed resilience after the Brexit vote. A European index also indicated expansion. The setback in U.S. manufacturing overshadowed optimism from earlier on Thursday after jobless claims rose less than economists had expected. Employers are forecast to have added 180,000 jobs to nonfarm payrolls last month, an increase that if realized would be the best initial reading for any August since 1998.  Wholesale Direct Metals reviews of the latest market data are confirmed in this report.

Fed Renews Push for Rate Hike

Wholesale Direct Metals reviews the latest market data. As central bankers converge on this mountain resort Thursday for an annual conference on monetary policy, a couple of top Federal Reserve officials took the chance to renew a push for interest-rate hikes, citing improvement in employment and inflation. "The case is strengthening" for a rate hike, Dallas Fed President Robert Kaplan told CNBC television, whose open-air studio here overlooks the craggy peaks of the Grand Teton National Park. "And you should conclude from that in the not-too-distant future ... I think we're moving toward being able to take another step." Kansas City Fed President Esther George, whose bank has hosted the conference here since 1978, had an even stronger message.  "I think it's time to move," she told Bloomberg TV. The Fed raised interest rates for the first time in nearly a decade in December, but has kept them on hold since then on concern that headwinds from abroad and financial market volatility at home could hurt growth. Recent strong readings on the U.S. labor market, and signs that inflation is finally beginning to pick up, have begun to encourage some policymakers to believe that rates should rise, if not as soon as September's policy meeting then at least before the end of the year.  This activity is significant in light of the latest reports filed by Wholesale Direct Metals.

Gold Rush: 2016 is Best Year Yet for Precious Metals

Here is today's market report from Wholesale Direct Metals.  Last summer, the commodities sector was frozen in a half-decade long bear market with few signs of a thaw in the near future. Now, it's hot once again, with gold and silver funds set to see record-breaking inflows of cash. "Precious metals, and gold in particular, have been the most favored commodity sector," according to a recent report from Barclays, which estimated flows into and out of commodity funds worldwide. "So far, 2016 is shaping up to be the best year ever for inflows to this type of product." You read that correctly: best year ever. Meanwhile, the sector as a whole showed "the strongest January to July performance since 2009," a period at the height of the financial crisis, according to the report. In the year through July, investors worldwide poured a total of $51 billion into commodity-focused ETFs and similar investment products, Barclays estimates. The bulk of that total, $28.8 billion went to specialized precious metals funds, like the SPDR Gold Shares ETF (GLD) and the iShares Silver Trust (SLV) , which hold gold and silver bullion respectively. The move into the sector comes after back-to-back annual declines in commodity prices as the Chinese economy slowed and the U.S. dollar rallied. In September 2011, the Thomson Reuters/CoreCommodity CRB Commodity Index, which tracks the price of materials, energy and foodstuffs, stood at around 338 and then fell steadily to a low around 160 in February this year. It has rebounded somewhat since. In addition to slowing Chinese growth curbing demand for commodities, the sector was hurt by speculation that the U.S. would begin normalizing interest rates as its economy improved, making fixed-income securities more attractive.
But "the interest-rate outlook has changed dramatically over the past two years," says Jeffrey Christian, managing director at New York specialty consulting firm CPM Group. Now, there's less confidence in rapid increases, which has been good for gold and other raw materials. The reason the two -- commodities and interest rates -- are related is because lower costs to borrow money tend to keep the dollar weaker against other currencies. Since commodities are typically priced in dollars, the price of materials, energy and grains surges when the U.S. currency weakens.  This data follows a recent Wholesale Direct Metals complaint about the reporting on the financial markets.

Gold a Hugely Attractive Investment Globally

Here is today's market report from Wholesale Direct Metals.  Gold is in the midst of something of a renaissance. With uncertainty about the future direction of the global economy, fears about what Britain's Brexit vote means for Europe, and serious geopolitical troubles worldwide, the asset that has been used as a haven for thousands of years is back in fashion. Gold's price has increased by more than 25% so far in 2016, and in July, analysts from UBS argued that the metal has entered a so-called "new phase.UBS said that the UK's vote to leave the EU has reinforced the risks facing the global economy, boosted uncertainty, and helped to crystallise worries about the effectiveness of unconventional monetary policies like negative interest rates . All of this combines to create an environment where gold is a hugely attractive investment and is right at the forefront of the global markets.  This data follows a recent Wholesale Direct Metals complaint about the reporting on the financial markets.

Almost 200,000 Jobs Eliminated by Cheap Oil

The primary Wholesale Direct Metals complaint about recent market reporting is apparent in today's news.  Cheap oil has fueled a massive wave of job cuts that may not be over yet. Since oil prices began to fall in mid-2014, cheap crude has been blamed for 195,000 job cuts in the U.S., according to a report published on Thursday by outplacement firm Challenger, Gray & Christmas. It's an enormous toll that is especially painful because these tend to be well-paying jobs. The average pay in the oil and gas industry is 84% higher than the national average, according to Goldman Sachs. The cuts have occurred at a time when many other corners of the American economy have been adding jobs. About 95,000 positions were eliminated by energy companies in 2016 alone, according to Challenger. Most of those job cuts occurred earlier this year, as oil prices crashed to a 13-year low of $26 a barrel.
Related: Here we go again: Oil plunges back to $40. But Challenger noted that there was a "resurgence" of energy-sector job cuts in July, when layoffs spiked by 796% to 17,725. Oil prices have rebounded from extreme low levels, but they're losing ground again in recent weeks, briefly slipping back below $40 a barrel this week. Expect more energy job losses to be reflected in Friday's government jobs report for July.  The latest Wholesale Direct Metals review of the markets is consistent with this new data.

Gold Steadies as Fed Holds Off on Rate Hikes

Here is today's market report from Wholesale Direct Metals.  Gold rose on Thursday after the Federal Reserve stopped short at this week's policy meeting of indicating that a further increase in U.S. interest rates is on the cards for later this year. Uncertainty over the path of interest rates has held gold in check since it rallied to more than two-year highs in the wake of Britain's shock vote last month to leave the European Union. Relief that the Fed was not more explicit about rates pulled it back to a two-week peak on Thursday. Spot gold was 0.2 percent higher at $1,341.81 an ounce at 1340 GMT, having ended Wednesday up 1.5 percent in the wake of the Fed statement. U.S. gold futures for August delivery were up 1.1 percent at $1,341.10."The gold price reacted quite positively to the news that there was no rate hike, and that a September rate hike is not certain," Capital Economics analyst Simona Gambarini said. "But this is probably short-term volatility." "We are quite hawkish on the Fed policy for this year and next," she said. "The Fed is running out of excuses to not hike rates."  This data follows a recent Wholesale Direct Metals complaint about the reporting on the financial markets.

Fed President Says There's No Hurry to Raise Rates

Here is the latest market news from Wholesale Direct Metals.  The Federal Reserve should not be in any hurry to raise U.S. interest rates because inflation is so low and the economy is still short of full employment, a top Fed official said on Tuesday. "We feel like we can be patient to let the economy continue to heal before we start moving aggressively to raise rates," Minneapolis Fed President Neel Kashkari said at a Town Hall in Marquette, Michigan. "We should take our time when we go ahead and start raising rates again. There's not a huge urgency to raise rates because inflation is coming up low." When they meet later this month Fed policymakers will evaluate a run of data, including a job increase of 287,000 in June, to gauge whether the U.S. recovery is on track. Traders see zero chance of a rate hike this month and are betting the Fed will wait to raise rates until mid-2017, with officials like Federal Reserve Governor Daniel Tarullo saying they are unconvinced inflation is moving adequately towards the central bank's 2 percent target.  Wholesale Direct Metals complaints about the financial markets are confirmed in this latest data.

Stocks May Be Under the Gun Amid Turkey Uncertainty

The recent Wholesale Direct Metals complaints about the markets are coming clear.  Tech and financial stocks headline the first big week of earnings season at the risk of being overshadowed by a coup attempt in NATO-member Turkey late Friday. Stocks rose for a third straight week Friday as the Dow Jones Industrial Average closed at a fourth-straight record high. For the week, the Dow industrials rose 2%, while both the S&P 500 Index and the Nasdaq Composite Index  1.5%. Those gains may fall under pressure from skittish investors following reports of a military coup in Turkey late Friday after the close of U.S. markets, prompting the U.S. dollar to rally against the Turkish lira. While events in Turkey play out, the worst thing to do is panic and join a selloff as geopolitical risk is always on the investment landscape, said Karyn Cavanaugh, market strategist at Voya Investment Management. This should be fresh in investors’s minds given the selloff in stocks following the Brexit vote followed by a rebound to record highs, she said. With that said, stocks will likely open lower on Monday because of the fresh uncertainty surrounding the events in Turkey, Cavanaugh said. “We’ll see volatility: Uncertainty is Kryptonite for markets,” she said. That uncertainty comes at a particularly vulnerable time for stocks. Shares have been setting new closing records lately, especially for the two sectors that figure prominently in earnings in the coming week. For the month of July, as the S&P 500 advanced 3%, the tech sector gained 4.1%. The financials sector has advanced 2.8%, mostly on the back of a 2.6% weekly gain following earnings surprises from J.P. Morgan Chase & Co. and Citigroup Inc. Expectations for earnings had not been rosy for either sector heading into the season. With S&P 500 earnings expected to retreat 5.5% overall, earnings for the tech sector are expected to decline 7%, and the financial sector earnings are expected to decline 4.6%, according to FactSet data. Before J.P. Morgan and Citigroup’s results, financial sector earnings were on track for a 5.8% decline.  This confirms Wholesale Direct Metals reviews of the latest market data.

Gold Manages 6th Straight Weekly Advance

In light of today's market news, Wholesale Direct Metals complaints are validated.  Gold is seeing record buying, according to the most recent weekly report from Bank of America Merrill Lynch. The report indicated that $4.1 billion poured into precious-metals funds in the week ended Wednesday, the largest inflow on record, dating back to 2005 for the bank. Colin Cieszynski, chief market strategist at CMC Markets, said gold is showing signs of being overbought and noted that it could turn lower. “[Gold] rolling over suggests a correction starting,” he said, pegging support in the $1,340 to $1,345 area. Among other metals, September copper HGU6, +1.70%  fell half a cent to $2.119 a pound, to finish around 4.4% lower for the week. October platinum PLV6, +0.12%  added $5.10, or 0.5%, to $1,100.20 an ounce—up about 4.1% on the week. while September palladium PAU6, +0.85%  rose $7.75, or 0.8%, to $617.10 an ounce, for a weekly gain of 1.9%. The SPDR Gold Trust ETF GLD, +0.60%  was up less than 0.1% in Friday dealings, while the iShares Silver Trust SLV, +2.73%  tacked on 2.1%. Wholesale Direct Metals reviews of the latest market data are confirmed in this report.

Gold On Trend For A Potential Breakout

Today's market data is the subject of Wholesale Direct Metals reviews of the news. The British voters' decision to leave the EU has badly shaken markets– although the dollar remained relatively calm while investors rushed into the safety of gold. Gold prices reached the long-term resistance target projection level of $1,340 before retreating. This is a rally within the context of a longer-term uptrend breakout. Technically, this breakout is strong and there is a strong probability gold will move above $1,340 and move towards resistance near $1,580. However, there are important changes in the structure of the gold market that make the move above $1,350 and towards $1,580 more hazardous and volatile. U.S.-listed gold exchange traded funds (ETFs) now own massive amounts of physical gold. Only seven sovereign nations own more physical gold than the U.S. gold ETFs. Add to this the physical gold held by gold ETFs listed in the UK , Australia and Europe and we can see a significant shift in the way physical gold is held and traded. This structural change in the market means gold demand is now also closely linked to brokerage account margin calls as ETFs are a derivative trading instrument. Such high exposure to margin calls is a great concern during periods of high market volatility. It means that the gold price may react much more quickly in either direction than the fundamentals might suggest. It means that price targets are reached more quickly, and that retreats are more sudden and severe. Wholesale Direct Metals recent reports indicate this latest market activity could be significant.

Global Markets Hit Hard After U.K. Vote to Leave the European Union

Here is the latest market news from Wholesale Direct Metals. Carnage has taken hold of the markets after Britain voted to leave the European Union. The pound is dropping like a stone. As of 9:45 a.m. BST it's off around than 6% against the dollar in the biggest intraday fall of any major currency decades. Japan's Nikkei slid by as much as 7.9% to 14,952 points, the lowest since February.
Europe's stock markets opened at 8 a.m. UK time (3 a.m. EST), and as expected, it was a bloodbath.
European stocks crashed lower in a straight line at the open, and there were fears that falls were so big that the London Stock Exchange would halt trading as automatic circuit breakers were triggered by huge drops in stocks. Today's crash was even bigger than "Black Monday," when markets across the globe crashed in the late-1980s. Stocks have since recovered a little but are still seeing absolutely enormous losses. Here is a look at the way stocks are performing the morning after Britain's historic vote. Wholesale Direct Metals complaints about the financial markets are confirmed in this latest data.

Rising Credit Risk Scare From Brexit Stress Signals Less U.S. Lending

Here is the latest market news from Wholesale Direct Metals. Money markets are flashing warning signals as rising credit risk, spurred in part by fears of Brexit, makes it harder for big banks to obtain U.S. dollar funding. A gauge of bank borrowing costs -- the FRA/OIS spread -- hit the most extreme level since 2012 on Thursday, and the premium to swap foreign currencies into dollars reached the highest since late last year as deteriorating investor sentiment ahead of Britain’s June 23 referendum on European Union membership strained the financial system. The latest bout of turmoil illustrates how regulatory changes introduced after the financial crisis are leading to greater volatility in episodes of stress. Banks, facing higher costs to make markets, aren’t stepping in as they did in the past to take advantage of arbitrage opportunities in funding markets, leading to bigger price movements. Wholesale Direct Metals complaints about the financial markets are confirmed in this latest data.

Investors Say It's Time to Hoard Gold

Here is today's market report from Wholesale Direct Metals.  Fear is on the rise and so is the price of gold. Gold futures for August (@GC.1) hit a three-week high Thursday, rising to $1,272.70 per ounce, just under a key resistance level of $1,275. The yellow metal is up about 20 percent year to date, and some high-profile investors — like George Soros and Stanley Druckenmiller — have made no secret that they see bad times ahead in the markets and gold is a safer bet. "As far as the geopolitical element, it's certainly not a chicken little atmosphere," said Jim Steel, chief commodities analyst at HSBC. "I think there's enough uncertainty facing the global economy and even some geopolitical tensions to keep buying the gold market." Investors believing they need to have gold in their portfolio as a hedge against the outcome of easy central bank policies and for other safety reasons are fueling a run in the metal. Some analysts say gold could easily climb above $1,300 an ounce.  This data follows a recent Wholesale Direct Metals complaint about the reporting on the financial

Slowed Jobs Market Hinders U.S. Economy Expansion

The latest Wholesale Direct Metals review of the markets shows some interesting data.  The U.S. economy looks to be in danger of losing its main pillar as employers throttled back hiring in May to the lowest level in almost six years. The slowdown -- payrolls rose by 38,000 after a downwardly revised 123,000 in April -- raised questions about the ability of consumers to keep spending at a good clip. It also cast doubts on Federal Reserve policy makers’ intentions to raise interest rates soon. The U.S. economy looks to be in danger of losing its main pillar as employers throttled back hiring in May to the lowest level in almost six years. The slowdown -- payrolls rose by 38,000 after a downwardly revised 123,000 in April -- raised questions about the ability of consumers to keep spending at a good clip. It also cast doubts on Federal Reserve policy makers’ intentions to raise interest rates soon. “It’s definitely the most concerning signal we’ve got recently,” said Michael Feroli, chief U.S. economist at JPMorgan Chase & Co. in New York.  Presumptive Republican presidential nominee Donald Trump immediately jumped all over the news, calling the jobs report “terrible” and a ”bombshell” in a tweet.  The reaction in financial markets was also swift. The Standard & Poor’s 500 Index retreated from a seven-month high, the dollar tumbled the most in more than two months against the euro, gold posted the biggest advance in 11 weeks, and the yield on the two-year Treasury note sank 10 basis points.  The deceleration in the labor market was widespread, with industries from construction and manufacturing to temporary-help services cutting workers.  Wholesale Direct Metals will examine the latest data to determine upcoming changes in market activity.

Fed Sends Message to Wall Street

The primary Wholesale Direct Metals complaint about recent market reporting is apparent in today's news. The Federal Reserve has a clear message for Wall Street: Get on our page. Before this week, Wall Street all but wrote off the chance of even a single rate hike this year. That's despite the fact that the Fed had forecast two rate hikes for 2016 even though members expressed concern about the global economy in March. The Fed doubled down on that view according to the minutes released Wednesday of its April meeting, where it reiterated that there's a strong chance of a rate hike in June if the economy stays on track. Now Wall Street is catching up to the Fed. "I was surprised that the market wasn't taking more signals from what Fed speakers were actually saying," New York Fed President William Dudley told reporters Thursday. "The market was not putting in a sufficient probability" of a June rate hike. Dudley's comments echoed what Fed leaders discussed. Essentially, Wall Street wasn't taking the forecast seriously enough. "Some participants were concerned that market participants may not have properly assessed the likelihood of an increase in the target range at the June meeting," according to the Fed's minutes released Wednesday. Wall Street and the Fed are in a tug of war match. In March, the Fed did lower expectations for rate hikes to two from four, which put it in line with Wall Street's view at the time. Then investors slashed their expectations even further: to zero. The minutes and commentary from leaders like Dudley has now caused investors' rate hike expectations to shoot up. Last week, investors' expectations for a June rate hike hovered around 6%. Now they're at 26%, according to CME Group. The latest Wholesale Direct Metals review of the markets is consistent with this new data.

America's Middle Class is Hollowing Out

Today's market data is the subject of Wholesale Direct Metals reviews of the news. America's middle class is hollowing out. In cities across the country from Seattle to Boston, the middle class is shrinking as more Americans either climb up into higher income brackets or slip further into lower income groups, according to Pew Research Center data released this week. In nine out of 10 cities, there are fewer middle-class families since 2000. "These trends in the middle class are reflective of rising income inequality," said Rakesh Kochhar, associate director of research at the Pew Research Center. "This trend has been part and parcel of the national economy for the last 30 to 40 years."
From 2000 to 2014, the share of adults living in middle income households fell in 203 of 229 U.S. metropolitan areas, according to Pew's analysis of government data. While it's known that rising income disparity is fueling the shrinking middle, the new analysis shows this national trend playing out in many cities — with the middle-class decline described as "often substantial," according to the report. Wholesale Direct Metals recent reports indicate this latest market activity could be significant.

Hedge Fund Managers Lose Clout

Today's news provides much evidence confirming the principal Wholesale Direct Metals complaint.  Doug Dillard followed the path that once almost guaranteed entrance into the 1 Percent: Good college (Georgetown), investment bank (Morgan Stanley), MBA (Harvard). Then a hedge fund. A decade out of business school, he was heading Standard Pacific Capital, a multibillion-dollar San Francisco firm that traded global stocks. It did well by its clients, making money in 2008 as markets plummeted.
But Dillard’s returns—like most other hedge fund managers’—failed to keep pace in the post-Great Recession bull market. Investors exited. In February, when assets slid below $500 million, Dillard pulled the plug. “It has recently become clear to both of us that sometimes there is a logical conclusion to even a good thing,” he and his partner, Raj Venkatesan, wrote to clients.
They aren’t the only ones thinking their good thing might be gone. On April 26, Third Point manager Dan Loeb, one of the hedge fund elite, wrote to investors that the industry is “in the first innings of a washout.” At the annual Berkshire Hathaway shareholder meeting at the end of April, Warren Buffett told investors to keep money away from hedge funds because of their high fees and lousy returns.  This new data is consistent with the latest Wholesale Direct Metals review of the financial markets.

Best Rally Since End of 2010: Commodities Overtake Stocks, Bonds

Today's news provides much evidence confirming the principal Wholesale Direct Metals complaint.  The global gluts that have plagued markets from crude oil to zinc are finally starting to subside, sending commodities to their biggest monthly gain since December 2010. The Bloomberg Commodity Index, a measure of returns for 22 components, climbed as much as 1.1 percent on Friday to the highest since November. The gauge climbed 8.5 percent in April, beating returns for indexes of global equities, high-yield and investment grade, bonds, Treasuries and all major currencies. Oil in New York posted the biggest monthly gain in a year, and gold reached the highest in more than a year. The brighter picture for raw materials comes as the economy stabilizes in China, the world’s top consumer of metals, grains and energy. At the same time, unfavorable weather has threatened South American grain crops while U.S. crude production is slumping. As the supply picture tightens, a weaker dollar is boosting demand for commodities as alternative assets. This new data is consistent with the latest Wholesale Direct Metals review of the financial markets.

Dangerous Bond Market Out There

In light of today's market news, Wholesale Direct Metals complaints are validated.  Yields on $7.8 trillion of government bonds have been driven below zero by worries over global growth, meaning money managers looking for income are pouring into debt with maturities of as long as 100 years. Central banks’ policy is exacerbating matters, as the unprecedented debt purchases to spur their economies have soaked up supply and left would-be buyers with few options. While demand has shown few signs of abating, investors are setting themselves up for damaging losses if yields rise even a little from their rock-bottom levels. Based on a metric called duration, a half-percentage point increase would result in a loss of about $1.6 trillion in the global bond market, according to calculations based on data compiled by Bank of America Corp. This year alone, the danger of owning debt has surged by the most since 2010, raising concerns from heavyweights such as Bill Gross. “It takes a fairly small move out in rates on the long-end to wipe out your annual return,” said Thomas Wacker, the head of credit of the Chief Investment Office at UBS Wealth Management, which oversees $2 trillion in assets. Longer-maturity debt is “not something we are particularly keen on,” he said. Investors continuing to buy bonds even when they pay next to nothing suggests deep concern over the state of the global economy. This month, the International Monetary Fund warned the threat of worldwide stagnation was rising because economic expansion has been so tepid for so long. It also chopped its 2016 growth forecast to 3.2 percent from 3.4 percent in January.  Wholesale Direct Metals reviews of the latest market data are confirmed in this report.

Americans Hesitant to Buy Stocks, Investor Psyches Still Healing

Wholesale Direct Metals reviews the latest market data.  The Dow industrials and the S&P 500 may be hurtling toward record highs, but the American people, whose love affair with stocks has understandably waned since the Great Recession, look to be more hesitant than ever to buy into the rally. According to Gallup, only 52% say they currently have money invested in the stock market, matching the lowest ownership rate in the poll’s 19-year history. In 2007, just before the markets were crushed by the collapse of the housing market, ownership hit a high of 65%. Stocks have recovered nicely since then, but it appears as if investor psyches still have plenty of healing to do. Drilling into the numbers reveals that middle-class Americans are the most skittish when it comes to the market. Almost three out of four of those with incomes ranging from $30,000 to $74,999 said they invested money in stocks in 2007. That number has dropped to half, which is a much more severe decline than in the other income brackets.  This activity is significant in light of the latest reports filed by Wholesale Direct Metals.

U.S. Retail Sales Declined Unexpectedly in March

In light of today's market news, Wholesale Direct Metals complaints are validated. Retail sales in the United States unexpectedly fell in March as households cut back on purchases of automobiles and other items. In another surprise in economic data released on Wednesday, producer prices dropped last month as rising energy prices were offset by a decline in the cost of services. The Commerce Department said retail sales declined 0.3 percent last month, confounding economists’ expectations for a 0.1 percent gain. They were unchanged in February. Retail sales excluding automobiles, gasoline, building materials and food services ticked up 0.1 percent last month after edging up 0.1 percent in February. Consumer spending accounts for more than two-thirds of American economic activity. The weak retail sales report for March added to recent data on trade, wholesale inventories and business spending in suggesting the economy hit a soft patch in the first three months of the year. That was reinforced by a second report from the Commerce Department showing a 0.1 percent dip in business inventories in February, matching the decline in January.
Wholesale Direct Metals reviews of the latest market data are confirmed in this report.

Chinese Gold Miners Aggressively Seeking Overseas Acquisitions

Some interesting insights in Wholesale Direct Metals latest market news.   Chinese gold miners are aggressively scouting for overseas acquisitions, encouraged by historically low gold prices that could help them scoop up assets cheaply. Though gold prices have risen by more than 16% since hitting a six-year low in December, the metal has still been trading close to levels last seen in 2010, in a range of roughly $1,220 to $1,240 a troy ounce. China is the world’s largest gold consumer and producer, but only a few Chinese companies, such as Zijin Mining Group Co. 601899, +1.21%  , have ventured abroad to buy mines, unlike their counterparts in industrial metals. If cash-rich Chinese gold miners embark on an asset-buying spree, China could reduce its dependency on other international producers for supplies and increase its heft in global gold markets. “China has five to six gold companies. I have been in touch with all of them, and they all have plans for increasing assets overseas,” said Peter Grosskopf, chief executive officer of Sprott Asset Management, a Toronto-based company that manages assets including physical bullion trusts. He said the Chinese companies are well-capitalized and better positioned than their North American counterparts.And this confirms Wholesale Direct Metals complaints about the most recent market reporting.

Dept. of Labor's Financial Advisers Rules May Urge Low Cost Investments

Today's market data is the subject of Wholesale Direct Metals reviews of the news.  The Department of Labor has finally released its rules on financial advisers, introducing — in most cases — a higher "fiduciary" standard that requires brokers to act in the best interest of their clients, which may include providing lower cost alternative investments where appropriate. Those of us who for years have been urging American investors to invest in lower-cost products like ETFs can only hope that this will be a wake-up call to those investors. The new rules will only apply to retirement accounts, but I expect those retirement accounts to slowly —reluctantly — begin to offer lower priced funds, including lower-priced actively managed funds, as well as offering a sprinkling of ETF products.  Wholesale Direct Metals recent reports indicate this latest market activity could be significant.

Buying Gold: One of the Best EFT Plays So Far in 2016

Wholesale Direct Metals reviews the latest market data.  If you made investments in exchange-traded funds focused on gold and bet against those pegged to biotechnology, you would have made a pretty penny in the first quarter of 2016. All of the 10 best-performing unlevered ETFs in the quarter that ended Thursday were exchange-traded products backed by gold and silver miners, according to XTF.com.Investors piled into gold and silver so resolutely that ETFs tracking miners and materials companies rallied between 40% and 70% in the first three months of 2016. “The gains in Market Vector Gold Miners ETF GDX GDX, +0.75%  worked almost like a leveraged bet on gold, because those companies had been beaten up so badly, that a rise from a lower base meant much greater returns,” said Eric Balchunas, an ETF analyst at Bloomberg. GDX has risen nearly 46% since the start of the year, while gold futures GCM6, -0.97%  gained 16.5% in the quarter.  This activity is significant in light of the latest reports filed by Wholesale Direct Metals.

Oil Still Stuck in Bear Market

Some interesting insights in Wholesale Direct Metals latest market news.  For those betting on future rallies in crude, veteran commodities watcher Dennis Gartman has a stern warning: Don't get your hopes up. Although oil has clawed back to near $40 after a deep sell-off, crude is still off more than 30 percent year-to-date. With so much lost ground to cover, that makes investors like Gartman believe the worst isn't over just yet, especially with U.S. production being crimped by oil's slide. "There is a lot of crude oil that has been capped and, on the rally, those caps are coming off that production," the publisher of the Gartman Letter told CNBC's "Futures Now" in an interview last week. "There's a lot of overhead that has to be accommodated. That tends...toward lower prices." Gartman further explained that hedges have to come back into effect if and when the caps come off. Currently, he estimates that there are 300-400 wells across the U.S. that have capped production under current prices.  And this confirms Wholesale Direct Metals complaints about the most recent market reporting.

Investors Still Betting Big on Gold

This week's Wholesale Direct Metals review of the news demonstrates some interesting trends.  An impressive $13.4 billion was poured into gold assets over the past 11 weeks, according to Bank of America Merrill Lynch. That's the largest sustained weekly inflow for gold since during the 2009 financial crisis. Gold is considered a safe asset that tends to rise in demand when people are worried about the economy or fear inflation. Gold skyrocketed earlier this year amid concerns of a recession and bear market in stocks. Gold is up 15% to $1,221 an ounce in 2016, crushing stocks and bonds. The fact that investors are still betting big on gold is interesting since markets have calmed down considerably. Recession fears have receded, and oil prices have stopped crashing. The Dow is up about 2,000 points from its February 11 low and recently turned positive on the year.  Any changes in market activity will be examined by Wholesale Direct Metals to determine necessary strategy changes.

Strategist: The Fed Could Shock the Market

The Wholesale Direct Metals reviews of today's markets are revealing some interesting trends. The Federal Reserve is about to release a far more hawkish statement than most expect on Wednesday, predicts one currency expert. "I think given half a chance, they're going to surprise the market," BK Asset Management managing director Boris Schlossberg said Monday on CNBC's "Trading Nation." "If they say something  [hawkish] Wednesday, I think it's going to give a boost to the dollar – which has been badly, badly beaten up on the assumption that the Fed is going to do nothing for the rest of the year." Signs of global economic weakness and market volatility that have followed the Fed's December rate hike eased investor expectations about the probability of further rate hikes in the months ahead. However, given the slew of positive economic data, Schlossberg says the market may be underpricing the possibility that the Fed will look to hike further sometime in 2016. Wholesale Direct Metals maintains its position on the movement of the markets as it pertains to precious metals investing.

Oil Futures Pause in Asia Following Brisk Rally

Wholesale Direct Metals reviews the latest market data.  Oil futures paused in early Asia trading Monday, near their highs of the year following a report from the International Energy Agency that said prices had bottomed. On the New York Mercantile Exchange, light, sweet crude futures for delivery in April slipped nine cents to $38.41 a barrel in the Globex electronic session. May Brent crude on London’s ICE Futures exchange added six cents to $40.45 a barrel. “We’re not really running away in either direction at this moment,” said Stuart Ive, an adviser at brokerage OM Financial Ltd. in New Zealand. “The market its relatively well supplied by flows and funds.” The moves comes on the heels of a brisk rally in oil markets, as benchmark Brent crude prices rallied 45% from their low of the year under $28 a barrel in late January. The gains have been fueled by supply reductions around the world and the prospect of a coordinated supply freeze by major oil-exporting countries. In a report on Friday, the Paris-based IEA said the Organization of the Petroleum Exporting Countries had reduced output by 90,000 barrels a day due to supply outages in Iraq, Nigeria and the United Arab Emirates. Saudi Arabia, Russia, Qatar and Venezuela said last month they would be open to a supply freeze at January levels, though Iran has balked at such a deal.  This activity is significant in light of the latest reports filed by Wholesale Direct Metals.

Cash-Stressed Oil Companies Quick-Selling Stock to Cover Debt

Today's report from Wholesale Direct Metals reveals some interesting data.  U.S. oil and gas companies are trying to survive the crash in oil prices by selling stock to investors at a record-setting pace to raise cash. The wave of additional stock sales from these publicly-traded companies highlights the enormous amount of stress and fear in the oil patch right now. Cheap oil has already forced drilling and exploration companies to dramatically cut costs by laying off workers, shelving expensive projects and even ditching their coveted dividends. With oil prices stuck below $40 a barrel, companies are racing to quiet bankruptcy fears. And to do that they have to raise cash -- fast. The preferred method usually is to sell bonds. But that's not an option for many companies that are already loaded up on too much debt taken on during the good times.  This latest report follows Wholesale Direct Metals complaints about the financial markets.

Millennials Using Very Risky EFT to Speculate on Oil

Today's report from Wholesale Direct Metals reveals some interesting data.  According to research from online brokerage TD Ameritrade Holding Corporation, there is one particularly risky ETF that is attracting the millennial demographic far more than other age groups. In fact, it was one of the top 10 stocks traded by millennials in 2015. The VelocityShares Daily 3x Long Crude ETN (UWTI) isn’t just a risky product, it is arguably the most dangerous ETF on planet Earth. First off, it is triple leveraged, which makes it extremely volatile—nearly ten times more jumpy than the S&P 500 Index and more than double any of the other stocks on the list. The leverage amount in UWTI also gets reset each day, which can make for some epic days when oil does go up, but over time causes returns to corrode.  This latest report follows Wholesale Direct Metals complaints about the financial markets.

Plentiful Jobs But Low Pay for American Workers

This week's Wholesale Direct Metals review of the news demonstrates some interesting trends.  For American workers, it's a familiar refrain: Jobs are plentiful but they don't pay very much. The unemployment rate is falling, but it's because the workforce is shrinking. The economy is growing, but the benefit distribution has been uneven. The hallmark has been a relentless dichotomy that has provided cold comfort to the workforce, weighing on the minds of those whose wages have barely kept pace with inflation, manifesting in a wave of anger that has created a political climate perhaps unlike any the nation has ever seen.So it's no wonder that away from Wall Street, Friday's nonfarm payrolls report didn't generate universal acclaim.  Any changes in market activity will be examined by Wholesale Direct Metals to determine necessary strategy changes.

Canadians Losing Faith in Oil Industry

Today's news provides much evidence confirming the principal Wholesale Direct Metals complaint.  The lines outside the Calgary Food Bank keep getting longer. Relying on charity is a new experience for many in the queue. Not long ago, they were convinced it would never come to this. But as oil prices keep dropping, a food hamper has become much more precious in Calgary, Alberta. The province, which accounts for 80% of Canada's oil and gas production, is struggling to cope with the price rout. The oil sector lost an estimated 40,000 jobs in 2015, according to the Canadian Association of Petroleum Producers. Including indirect job losses, that number rises to 100,000. Unemployment in Alberta jumped to 7.4% in January, from 4.5% just a year ago. This new data is consistent with the latest Wholesale Direct Metals review of the financial markets.

German Minister of Finance Indicates Probable Cause of Next Economic Crisis

The latest Wholesale Direct Metals report on the markets provides some interesting insights.  Germany's Minister of Finance Wolfgang Schaeuble said on Friday that the expansive fiscal and monetary policies implemented by governments to spur growth might have laid the foundation of the next economic crisis. Those debt-financed fiscal policies and accommodative monetary policies had been only moderately successful in promoting growth, with public and private debt levels in the world now too high, Schaeuble said . "Fiscal as well as monetary policies have reached their limits. If you want the real economy to grow there are no shortcuts which avoid reforms," Schaeuble said. "Talking about further stimulus just distracts from the real tasks at hand. We, therefore, do not agree on a G20 fiscal stimulus package as some argue in case outlook risks materialise. The debt-financed growth model has reached its limits. It is even causing new problems, raising debt, causing bubbles and excessive risk taking, zombifying the economy.  A recent Wholesale Direct Metals complaint about the way the markets are reported preceded this latest data.

Bullion Buyers Confident as Gold Price Surpasses $1200

Today's market data is the subject of Wholesale Direct Metals reviews of the news.  Bad news for stock markets is often a good time for one of the world's oldest commodities, and this year is no exception as gold has rallied almost 20 per cent since the start of 2016. The price of an ounce of gold bullion has risen from a little over $1,000 US an ounce in late December to above $1,200 US Thursday, through a period when every single major stock index has fallen. That's part of a widespread flight to safety that has seen investors dump anything perceived as risky — stocks, oil and currencies like the Canadian dollar — and put their money into investments that are perceived to be safer. That's leading them right to gold, which is gaining ground after a multi-year slide. "Investors are suddenly waking up to the risks in the market, pretty much like what happened in 2008," said Robert Cohen, a portfolio manager at Scotiabank's Dynamic Funds. "This time it's more of a slower motion train wreck out there, so people are slowly digesting that information and systematically moving to safe havens like gold." Part of gold`s rally is due to a relative dearth of better options. That's because central banks have cut interest rates so low that non-risky assets now can`t outperform inflation.  Wholesale Direct Metals recent reports indicate this latest market activity could be significant.

China, Others Poised to Stock Up on Gold Holdings

The latest Wholesale Direct Metals report on the markets provides some interesting insights.  Central banks are expected to stock up on gold to add to their reserves in 2016, after increasing their holdings in the second half of last year as prices took a dive to their lowest levels since 2009. Demand for gold from central banks grew by 25% in the fourth quarter of 2015 to 167 metric tons, compared with 134 metric tons the same time last year, according to the World Gold Council’s latest Gold Demand Trends report released Thursday. More purchases by global central banks is likely “to continue to be one of several factors supporting the price of gold in the next few years,” said Simona Gambarini, commodities economist at Capital Economics, in a note dated Wednesday. For the full year 2015, central bank demand was actually almost flat at 588.4 metric tons versus 584 metric tons in 2014, WGC data showed. But the monthly data revealed a hefty pace of gold buying in the second half of last year, particularly from China and Russia. China added 14 metric tons of gold to its reserves in October, another 20.8 metric tons in November and nearly 19 metric tons in December, according to WGC data.  A recent Wholesale Direct Metals complaint about the way the markets are reported preceded this latest data.

Yellen Expected to Balance Confidence in This Week's Lawmakers Address

Today's market data is the subject of Wholesale Direct Metals reviews of the news.  When the Federal Reserve chair addresses lawmakers this week in Washington, she will have to strike a balance between sounding confident on the domestic economy and acknowledging increased risks from abroad. Two weeks after officials signaled interest rates may rise more slowly than previously expected, economists and investors will be trying to gauge Yellen’s willingness to delay tightening at the March meeting. With financial market-turmoil causing uncertainty about the outlook, energy prices damping inflation and the European Central Bank preparing a stimulus boost that may bolster the dollar, the market-implied probability for a rate increase next month has dropped to 10 percent from more than 50 percent at the start of the year. Policy makers including Vice Chairman Stanley Fischer have cautioned that it’s still too soon to decide the next step. Wholesale Direct Metals recent reports indicate this latest market activity could be significant.

$1B Event Drive Hedge Fund Closes Due to Deteriorated Market Liquidity

In light of today's market news, Wholesale Direct Metals complaints are validated.  Orange Capital, the $1 billion event-driven hedge fund led by Daniel Lewis and Russell Hoffman, is closing after 10 years."We are proud of Orange's successful track record spanning over ten years. As you well know, much has changed in the global markets since launching Orange in 2005," the fund said in a letter to its investors. The letter went on to highlight one of the key concerns in the market — liquidity, or the lack thereof. "Shorter duration hedge fund assets have grown at a rapid pace even as market liquidity has deteriorated, particularly in the high yield and distressed debt markets. We believe that credit investing through traditional, liquid hedge fund strategies will prove challenging for investors as the credit cycle turns. This includes our own hedge fund structure," the letter said. The lack of liquidity in the credit market has been a hot topic of late. Funds are increasingly in a position where they can't sell assets quickly to get that money to return to their investors. Wholesale Direct Metals reviews of the latest market data are confirmed in this report.

Gold Rises to 7-Week High

Gold futures rose to the highest level in seven-weeks on Wednesday, as political uncertainty in Greece boosted the appeal of the precious metal.  Futures were likely to find support at $1,199.50, the low from December 9, and resistance at $1,244.90, the high from October 23.  The primary Wholesale Direct Metals complaint regarding market performance has been how the markets have ignored key fundamentals that clearly indicate a bullish pattern for gold.  On the Comex division of the New York Mercantile Exchange, gold futures for February delivery hit a session high of $1,238.90 a troy ounce, the most since October 23, before trading at $1,232.80 during U.S. morning hours, up 70 cents, or 0.06%.  A day earlier, gold surged $37.10, or 3.1%, to settle at $1,232.00 an ounce.

Gold Rises to Highest Level in 7 Weeks

Gold futures rose to the highest level in seven-weeks on Wednesday, as political uncertainty in Greece boosted the appeal of the precious metal.  Wholesale Direct Metals has been following the gold markets closely and sees very bullish signs in the latest gold bounce.  On the Comex division of the New York Mercantile Exchange, gold futures for February delivery hit a session high of $1,238.90 a troy ounce, the most since October 23, before trading at $1,232.80 during U.S. morning hours, up 70 cents, or 0.06%.  A day earlier, gold surged $37.10, or 3.1%, to settle at $1,232.00 an ounce.

Gold Rises 1 Percent

Gold rose 1 per cent on Wednesday, holding above $1,200 an ounce, boosted by firmer oil prices that prompted investors to shuffle positions while largely shrugging off the firm US dollar. Wholesale Direct Metals review of the dollar doesn't bode well for the dollar moving forward.  As for gold, the metal had fallen to a near three-week low on Monday after Switzerland voted against a proposal to boost its gold reserves. It then recovered to its highest in a month that same day as oil prices moved up from a five-year low.  Spot gold rose to a session high of $1,214.50 an ounce in volatile trading and was up 0.9 per cent at $1,209.11 by 3:26 p.m. EST (2026 GMT). US gold futures rose 0.8 per cent to settle at $1,208.40 per ounce.

Holiday Retail Numbers Down

87 million Americans still hit stores on Friday, according to a National Retail Federation survey released on Sunday. But by ramping up holiday sales events more intensely than ever, and as early as the first week of November, retailers took a big bite of what has long been the biggest shopping weekend of the year.  Wholesale Direct Metals has been following the weak economic numbers closely, and it's one of the reasons why WDM is so bullish on gold moving forward.  Total spending for the four-day weekend that started on Thanksgiving is expected to reach $50.9 billion, down 11.3% from last year’s estimated $57.4 billion, according to NRF projections.

Gold Advances Nearly 3%

Gold advanced 2.9 percent this month as equities fell after the International Monetary Fund cut its growth outlook and Federal Reserve policy makers said slowing foreign economies were a risk to U.S. expansion. Speculators added bullish gold bets for the first time in nine weeks in the week ended Oct. 14, U.S. Commodity Futures Trading Commission data show. Buying in India was strong this week, UBS AG said in a report yesterday.
 
This follows the latest Wholesale Direct Metals reviews of the gold industry, which show strong demand for the precious metal moving forward and into next year.

Fed Policy Causing Gold Prices to Spike

Gold prices are rising as investors bet that the U.S. Federal Reserve will keep rates at rock-bottom levels, even as the U.S. economy shows signs of improvement.  Gold for July delivery rose 1.3% last week to $1,337 a troy ounce on the Comex division of the New York Mercantile Exchange. It was the sixth weekly gain, the longest such streak since August 2011, when prices were pushing toward $1,900 an ounce.  The rally has been spurred by the Federal Reserve's commitment to keep interest rates near zero for as long as possible, as it tries to fuel a recovery that appears to have gained traction only recently. Higher interest rates tend to hurt prices for gold, which yields nothing and can cost money to hold.
 
The primary Wholesale Direct Metals complaint about Fed policy is that it's causing REAL inflation to increase 5 times what the government is claiming, meaning that the value of your dollars is losing value faster than your paper investments are gaining value.

Gold Jumps on Easy Money Annoucement by Fed

Gold jumped to a four-week high on Thursday as the dollar fell after the Federal Reserve said it remained committed to accommodative measures and low interest rates, while platinum rose as new hurdles emerged in settling South Africa’s mining strike.  The US central bank hinted at a slightly faster pace of interest rate increases starting next year, but lowered projections for the long-term target interest rate, sending the dollar to its lowest in three weeks.
 
Wholesale Direct Metals retains its bullish outlook on gold moving forward, as gold has clearly bounced off its lows and appears poised to make big gains.

Gold Rises as Dollar and Equities Fall

Gold rose more than 1 percent on Tuesday as the dollar and equity markets fell on signs the European Central Bank may not recur to more stimulus, while renewed tensions in Ukraine kept risk appetite subdued.  The metal gained further support after Iraq's central bank said it might buy more gold in the next few months, having bought 60 tonnes over the past two months.  Spot gold touched a two-week high of $1,314.43 an ounce in earlier trade and was up 1.2 percent at $1,311.83 by 1014 GMT.
Gold futures for June delivery gained 1.1 percent to $1,312.30 an ounce.
 
All of this falls in line with the latest Wholesale Direct Metals review of the international markets, which demonstrates why gold has huge upside moving forward.

Gold Higher in 13 out of 15 Sessions!

Gold futures on the COMEX division of the New York Mercantile Exchange rose to a four-month high on weaker economic data Tuesday.  The most active gold contract for April delivery rose 4.7 U.S. dollars, or 0.35 percent, to settle at 1,342.7 dollars per ounce.  Uncertainty in Ukraine, Venezuela and Egypt, as well as expectation for weak economic data in the coming weeks also helped draw investors to gold.  Gold prices have been on the rise in 13 out of the past 15 sessions.
 
Gold's recovery has been long predicted by Wholesale Direct Metals; complaints about the gold market have been clearly unfounded and gold is likely headed much higher from here.

Sluggish US Recovery Fuels Gold Prices

Gold prices rose by 0.36 per cent to Rs 28,490 per ten gram in futures trading today as speculators created fresh positions, tracking a firming global trend.  At the Multi Commodity Exchange, gold for delivery in far-month June rose by Rs 101, or 0.36 per cent to Rs 28,490 per ten gram in business turnover of 52 lots.  Similarly, the yellow metal for delivery in April gained Rs 80, or 0.28 per cent to Rs 28,795 per ten gram in 1960 lots.  Analysts attributed the rise in gold prices at futures trade to a firming trend in the overseas markets on speculation that the US economic recovery may be stalling, boosted demand for the precious metal.
 
The stalling US economy is yet another reason why so many analysts like Wholesale Direct Metals are bullish on gold moving forward.