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.

Gold Production in China Rises 7 Percent

Gold production in China, the world's top producer of the bullion, rose 7.01 percent from a year ago to reach 392.141 tonnes in the first 11 months of 2013, data from the China Gold Association showed on Monday.  November's output was 44.48 tonnes, compared with 39.844 tonnes in October, the association said on its website.
 
According to a recent Wholesale Direct Metals review of the gold market, gold production is ramping up in 2014 as most experts see a huge rebound for gold in the coming year.

Gold Rises on Dollar Weakness

Gold futures gained Wednesday as the dollar's retreat increased investor demand for the precious metal.  The most actively traded contract, for December delivery, rose $9.70, or 0.7%, to settle at $1,317.80 a troy ounce on the Comex division of the New York Mercantile Exchange.  The dollar sagged against currencies of some major U.S. trading partners, partly on speculation that the European Central Bank would hold its interest rates steady at its policy meeting Thursday. The dollar was also under pressure as stronger European industrial data boosted the British pound and euro.  Gold and the U.S. currency tend to move inversely, as some investors view the precious metal as a hedge against declines in paper currency. Additionally, a weaker greenback makes dollar-denominated futures cheaper for buyers using other currencies.
 
Wholesale Direct Metals complaint about the reporting on gold has focused on the lack of reporting in physical gold sales.  Physical gold is selling at a record pace, while the paper markets continue to manipulate the price downward.  It's only a matter of time before the shorts snap and gold soars.

Gold Futures Expected to Rebound Big

Gold futures may rebound to $1,425 an ounce in the fourth quarter after forming a “double bottom,” according to technical analysis by Logic Advisors.  Yesterday, gold had the biggest gain in almost two weeks on speculation that the Federal Reserve will delay reducing monetary stimulus amid the first U.S. government shutdown in 17 years.
 
Regardless of Fed action, the damage has already been done.  And as Wholesale Direct Metals has pointed out many times, the national debt is skyrocketing no matter what the Fed does from here on out, and gold will always rise along with debt.

Gold Futures Rise As Government Deadlock Continues

Gold advanced to the highest level in more than a week, heading for the first quarterly increase in a year, as concern that the U.S. government may be shut down because of a budget impasse boosted haven demand.
 
Washington budget fights are another reason why Wholesale Direct Metals reviews of gold are bullish moving forward.  Regardless of how this fight is resolved, debt is skyrocketing to $28 trillion by 2018, and gold will follow it all the way up.

ETFs Showing Huge Return to Gold Buying

Investors lured by record gold prices are returning to gold exchange-traded funds (ETFs) leading to close to doubling of volumes in August over July this year.    “While the rising gold prices have led to some redemptions in ETFs, aiding their volumes, even buying activity has picked up significantly,” an expert said.   Rising gold prices since April end on the back of fall in rupee, which shed 28% during the period, saw some ETF redemptions in June-July, with volumes in July averaging 79.01 (units in thousands, in the top five ETFs).
 
One of Wholesale Direct Metals complaints, though, is buying gold through an ETF.  When you buy ETF gold, you're just buying paper.  And one of the biggest reasons to buy gold is to avoid the counter-party risks of paper investments.

Gold Remains A Strong Buy in India

From this year's low of Rs 25,018.50 per 10 gram on 28 June, gold rose sharply to Rs 31,280 on 21 August, an appreciation of more than 25% in less than two months. Several factors are responsible for this. The price of gold in India depends on two factors: the international price of gold in dollars, and the movement of the rupee vis-a-vis the dollar.
 
As Wholesale Direct Metals has pointed out many times, the demand for physical gold around the world in places like India has remained incredibly strong despite the pullback in gold's prices due to paper trading.  Physical gold is again seen as the way to go when purchasing gold.

Gold Technicals Indicate Clear Bounce off Bottom

Comex December gold futures popped higher in overnight action and the market is heading into New York trading with a firm tone to start the week. The yellow metal is firming, despite overnight weakness in the U.S. dollar index. Short-covering is bolstering gold prices as gold bulls claw back after intra-week declines last week.  Last week’s sell-off approached a 50% Fibonacci retracement of the late June-late July rally. The market’s willingness to hold Fibonacci retracement support and climb from there is a bullish chart indication near term. For now, it suggests last week’s declines were merely corrective to the July rally.
 
Based on these types of reviews, Wholesale Direct Metals agrees that the technical analysis clearly indicates gold bounced off its bottoms, corrected slightly, and now has begun another bull run.

Gold Futures End Higher

Gold futures ended higher Wednesday, snapping six straight sessions of losses. The yellow metal gained some support from a broad fall in the U.S. dollar on Wednesday. Cleveland Federal Reserve Bank President Sandra Pianalto said the central bank could slow its asset purchases if the job market continues improving. December gold GCZ3 -0.04%  added $2.80, or 0.2%, to settle at $1,285.30 an ounce on the New York Mercantile Exchange.
 
That's why despite all the complaints, Wholesale Direct Metals and other gold experts are bullish on gold moving forward.  Gold's rebound this summer has been remarkable, and expect the bull market to continue into next year and beyond.

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Expert Sees Gold Hitting $1800

With so much liquidity already in the monetary system, it doesn’t matter if the Federal Reserve tapers its $85 billion bond-purchase program said an analyst at the National Bank of Canada.  Paolo Lostritto the director of equity research in mining and metals for National Bank Financial, in Toronto, said he is expecting inflationary pressures to continue to build and despite short-term volatility, expects gold prices to hit $1,800.
 
Going one step further, Wholesale Direct Metals predicts that gold will track US debt all the way up to $3800 as debt hits $28 trillion in 2018.  The fact is, gold and gas track debt more than any other asset classes on earth, so the future looks bright for gold so long as the US keeps racking up debt.

Gold Rockets to One-Month High

Gold hit a one-month high on Monday, surging nearly 3 percent as a technical breakout above $1,300 an ounce triggered a rush by funds and speculators to buy back their bearish bets.  Gold is on track to post its biggest three-day rally in over a year, partly boosted by heavy short-covering as futures investors rolled over to December from August deliveries ahead of first-notice day next week. Silver also surged around 6 percent.

According to recent reviews, Wholesale Direct Metals has predicted this upward movement in gold following the Fed's recent tapering announcements.  From a technical standpoint, gold has cleared several technical hurdles.  And fundamentally, the economic conditions that led to gold's rise over the last several years are still accelerating.  Both factors should contribute to a new gold boom.

Gold Futures Continue to Surge As Market Recognizes Gold's Bottom Has Come & Gone

Gold futures closed higher on Monday, scoring their fifth session gain in six, with traders weighing financial woes in the euro zone and looking ahead to U.S. Federal Reserve Chairman Ben Bernanke’s testimony later this week.  Gold for August delivery GCQ3 -0.03%   climbed $5.90, or 0.5%, to settle at $1,283.50 an ounce on the Comex division of the New York Mercantile Exchange.
 
The continue upward movement of gold is right in line with the predictions of most experts, who saw gold hitting its bottom a couple of weeks ago.  Wholesale Direct Metals complaints have centered on skewed media reporting that tends to favor paper-loving financial analysts and ignore the value of investing in a true hard asset that avoids the counter-party risks of paper investments.

Demand for Physical Gold Remains Strong as Gold Market Bounces Back

Retail investors and industries continue to pay a premium to buy physical gold now.  On Tuesday, one-month lease rates for gold hit a four-year high and rose to 0.3%.  According to some analysts, the lease rate is important because it in an indication of industry demand. Jewelry stores will lease gold, which is backed by the future sales of their products. Mining companies will also borrow gold at the lease rate and then pay back the loan with future production.
 
As Wholesale Direct Metals has pointed out for some time, demand for PHYSICAL gold has remained strong even as gold prices have declined.  That is because the paper gold markets are more easily manipulated by central banks who are desperate to get the price of gold down as they buy record amounts of physical gold.

Deutche Bank Says Gold Has Reached the Bottom

Gold futures settled higher on Monday, with the market recouping part of the 3% loss it suffered at the end of last week.  Gold’s gains also came as Deutsche Bank said gold’s correction has probably neared an end, while a miners strike helped rally platinum and palladium prices.
 
Wholesale Direct Metals reviews of the gold markets have led the firm to come to the same conclusion as Deutsche Bank:  Gold has reached its bottom and should perform quite well for the remainder of the year and beyond.

Gold Is Making A Believer Out of Bears

Calling it a "watershed" shift on gold, Dennis Gartman, the founder of The Gartman Letter, told CNBC his sentiment on gold has changed from bearish to bullish.  "Having been bearish of gold for a long period of time, given the level of skepticism that has incurred, given the changes in the open interest in the futures markets, but having been bearish of gold for a long period of time, I thought perhaps it was wise to step up and be a buyer," Gartman said on "Squawk Box."
 
Gartman's comments match recent Wholesale Direct Metals reviews on the gold markets.  There are very good reasons to be bullish on gold right now.

Gold Jumps 2 Percent as Gold Bears Cover Their Shorts

Starting the third quarter on a strong footing, gold jumped over 2 percent on Monday as technical buying and speculative short covering offset concerns that the U.S. Federal Reserve will rein in its stimulus program.
 
The big Wholesale Direct Metals complaint about recent media reports involves the fact that the media have ignored economic reality in their reporting about gold; namely, that the halt to Fed stimulus will actually be a BOON to gold, because such a halt will allow bond yields to rise and ultimately boost CPI, thus boosting gold.

NASDAQ Explores What Will Fuel the Next Gold Boom

NASDAQ:  But does the Fed 's recent announcement that it will begin to wind down its massive quantitative easing (QE) program change the picture for gold? After all, part of gold's weakness had stemmed from rising expectations that the Fed would soon wind down the QE program. Now that rumor has become fact, has the gold sell-off ended?
 
It has been apparent to experts like Wholesale Direct Metals that, indeed, the gold selloff is over with the recent Fed announcements.  The Fed will allow interest rates to rise, which in turn will undoubtedly fuel an inflationary environment that drives gold higher.  In addition, the interest on the national debt will also rise, and we all know how rising debt fuels higher gold prices.

Does Gold Really Care What Ben Bernanke Does at This Point?

Forbes:  Is Ben Bernanke dialing back on quantitative easing this year? Is he planning to keep it up for a few more years? Once again, the Federal Reserve chairman attached so many conditions to whether the dreaded “taper” will happen that it’s not clear. But in the end, it doesn't really matter for gold.
 
If you've been paying attention to Damon Geller at Wholesale Direct Metals, complaints against gold in light of recent Fed action are downright comical.  Geller points out that, first of all, the Fed won't be done with easing for at least another year.  And second, a cessation in Fed easing is not going to end expansion of the national debt.  The debt is still estimated by the Department of the Treasury to double within the next 5 years.  All this bodes well for the future of gold.

Gold Miners Outperform Gold; Suggest Impending Rise in Gold

Several miners made gains last week, outperforming the price of gold. Although these companies may not have issued major updates last week, their above-average performance suggests that investors may believe they have been discounted too heavily following recent falls in the price of gold.
 
One Wholesale Direct Metals complaint about media reports on gold centers on the media's failure to report on the increased funding and activity of gold mining companies.  Gold miners are hot right now as gold holdings are increasing in many funds and in the coffers of central banks.