Statistics Canada released November’s gross domestic product (GDP) data on Friday (January 30). The numbers show that the economy remained flat overall with the prior month, following a 0.3 percent decline in October. The goods-producing industries fell by 0.3 percent in November, weighed down by a 1.3 percent contraction in manufacturing and a 2.1 percent […]
Read More
Did gold and silver just experience a blow-off top, or do they have more room to run? Lobo Tiggre, CEO of IndependentSpeculator.com, shares his thoughts on what’s going on with the precious metals, and how investors may want to position. Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in […]
Read More
Ross Beaty of Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX) and Pan American Silver (TSX:PAAS,NASDAQ:PAAS) shares his thoughts on gold and silver’s record-setting runs. While high prices are exciting, he noted that even US$50 per ounce silver is good for miners. ‘At the end of the day, there’s still great value in the silver equities,’ Beaty said. Securities Disclosure: […]
Read More
Gold and silver are wrapping up a record-setting week once again. Starting with gold, the yellow metal left market participants hanging last week after finishing just shy of US$5,000 per ounce. However, it made up for it in spades this week, breaking through that level and continuing on up to smash through US$5,500. Silver was […]
Read More
Binance announced that it would convert its holdings in its Safe Secure Assets Funds for Users (SAFU) into its Bitcoin reserves. This comes as the BTC price remains in a downtrend. Binance Shifts SAFU Fund to Bitcoin Reserve The cryptocurrency exchange said in a blog post that it would convert the $1 billion SAFU fund […]
Read More
As investors are taking a cautious stance ahead of US President Donald Trump’s scheduled executive order today, Bitcoin has slipped to a two-month low. On Thursday, White announced the Trump executive order and a subsequent policy meeting scheduled for Friday. While specific details were not disclosed, speculations sparked uncertainty across risk assets, including cryptocurrencies. Bitcoin […]
Read More
Coinbase is a leading, reputable cryptocurrency trading platform worldwide. It is also generally regarded as user-friendly, easy to navigate, and overly controlled compared to most crypto websites. It allows customers to buy/sell crypto in real-time, spot trade via Advanced Trade, stake (where applicable), and likewise provides new services such as Coinbase Wallet and Coinbase Prime […]
Read More
XRP price is facing significant pressure ahead of a potential government shutdown, with a notable 7% pullback recently. The price dropped below the key $1.80 support level, now testing the $1.70 mark. This fall is a bigger part of the general market dynamics, which have been impacted by regulatory changes and institutional actions regarding the […]
Read More
The crypto market is on high alert as Bitcoin (BTC) and Ethereum (ETH) prices have declined by more than 7% today. Crypto traders are preparing for significant volatility and a potential downturn in anticipation of the monthly Bitcoin and Ethereum options expiry. $8.5 Billion in Bitcoin and Ethereum Options Expiry Sparks Jitters According to crypto […]
Read More
Tokenized Gold:- Recent reports that Tether has become one of the largest gold holders on the planet have thrust the tokenized gold market into the spotlight. The global market for tokenized gold has expanded rapidly. As of writing, it has reached an on-chain market cap of approximately $5.8 billion, up from just $1 billion at […]
Read More
