Bitcoin Price Forecast: Goldman Sachs Tweet Sends BTC Tumbling

Just one day after we heard reports of Goldman Sachs Group Inc (NYSE: GS) getting into Bitcoin services, the company’s CEO, Lloyd Blankfein, took to Twitter to clear the air. A cursory reading of Blankfein’s tweet suggests that he’s on the fence, but investors should add historical context to his comments. Consider the history of Bitcoin news. Here’s what he…

Bitcoin Gold Fork: Bitcoin (BTC) Prices Could Survive Another Split

Credits: istock.com/bodnarchuk What Does Bitcoin Gold Fork Mean for Bitcoin (BTC) Prices?  It’s looking like Bitcoin (BTC) is headed towards what appears to be another split, where a new and rival cryptocurrency will be created, much like what happened earlier in July when Bitcoin Cash (BCH) came on the scene. But here’s the important thing to remember: Bitcoin splits are not the same…

The Crash in IBM Stock Could Be a Golden Opportunity

IBM Stock Should Rise Again on This Growth Catalyst International Business Machines Corp. (NYSE:IBM) announced its first-quarter results this week, and investors couldn’t see beyond its continuous streak of losses, as the company’s revenue declined again. Even the upbeat earnings could not stop the five-percent slide in the price of IBM shares on Wednesday. So, should you consider putting your money into IBM…

Gold vs Bitcoin 2017: Has Bitcoin Surpassed Gold?

Credit: iStockPhoto/Tsokur Gold vs Bitcoin 2017 Bitcoin prices have officially outpaced gold prices per ounce for the first time in the currency’s history. With the bitcoin price in 2017 trading above gold prices, you have a day that cryptocurrency lovers have longed for and bullion bulls have long feared. Indeed, the gold vs Bitcoin rivalry (at least in the media’s…

Tech Stocks 2017: This Industry Is the 21st Century Gold Rush

What to Expect from Tech Stocks 2017 Dear reader: in the last three quarters, you may have noticed that we have featured a lot of microchip stocks on Profit Confidential. This is because there was a big change in the market—a change that few retail investors even knew was happening. Unbeknownst to the Average Joe, an arms race had kicked…

Gold Prices: This Is Why JNUG Stock is Going Nuts Today

Soaring Gold Prices Bullish for JNUG Stock The prospect of a Donald Trump victory has sent investors fleeing into safe haven assets, sending gold prices and JNUG stock soaring. Gold prices soared as much as four percent to $1,344.05 per troy ounce overnight as Mr. Trump’s lead widened. As he was declared the winner, gold prices fell and the dollar…

Top 10 Countries with the Highest Gold Reserves

Top Countries with the Largest Gold Reserves Is Gold Bullion at a Crossroads? Gold has had a remarkable run since it started its nascent rise in early 2001, climbing more than 650% between April 2001 and September 2011. Since then, gold prices have either taken a breather or are preparing for another upswing. Based on the gold purchases made by…

The Big Opportunity Ahead in Gold Mining Stocks

Over the past few weeks, gold prices have been under pressure. If you are a gold investor, don’t let this discourage you. And if you are not already into gold, as I will explain below, a great opportunity might be developing for the yellow metal. I expect short-term volatility for gold prices for the following three reasons: Gold prices are…

Gold Prices: 3 Big Reasons Why Gold Could Break Above 2011 Highs

These Reasons Say Gold Prices Could Soar From its highs of the year at around $1,370.00 an ounce, gold prices are down roughly 3.5%. With this information, investors are asking if that’s all for the rally that began in gold prices in early 2016. I warn you; don’t be too quick to jump to conclusions; gold prices could go much…

Gold Prices: Here’s One Reason Why Gold Could Soon Skyrocket by 48.15%

Solid Gold Demand Could Send Gold Prices Significantly Higher If you are looking for the next big trade, look at gold prices. The yellow precious metal is trading at severely low prices and it may be set to provide massive gains. As it stands, there’s a gold rush in play, and no one is talking about it. We see consumers,…

Michael Lombardi: Gold Prices Could Hit $2,500, Here’s How to Profit Big-Time

Michael Lombardi, founder of investment research firm Lombardi Publishing Corporation and the popular financial web site Profit Confidential, has been bullish on gold prices for some time. When big investment houses were saying gold prices were going to go much lower, he was telling investors that we could be in midst of one of the best buying opportunities. He told…

Gold Prices: This 1 Factor Could Send Gold to $2,000 Soon

1 Reason to Remain Bullish on Gold: Central Banks Don’t be too discouraged by the recent decline in gold prices whatsoever, because they could shoot through the roof. In fact, $2,000 gold could be possible sooner rather than later. Let me explain… If there’s one thing that should keep you bullish toward gold prices, it’s the central banks. As it…

Gold Prices: Big Investors Turning Bullish Could Send Gold Soaring

These Investors Are Bullish on Gold Prices Gold prices continue to trend higher, with the yellow precious metal up well over 25% year-to-date. Don’t think that’s all, though. Gold prices could soar significantly from here. Here’s what you need to realize: gold prices took a hit between 2013 and 2015 because deep-pocketed investors—institutional investors—ran for the exits. These investors didn’t…

Gold Prices: $2,000/oz Gold by End of 2017? It’s Possible

Here’s One Big Reason Why Gold Prices Could Soar Gold prices continue to move upward. The yellow precious metal is up 25% already year-to-date and it could soar even higher in late 2016—and keep going up in 2017. Here’s something that will sound bold, but it’s quite possible: don’t be shocked if the gold price hits $2,000 an ounce by…

Barrick Gold Corporation: Time to Bail on ABX Stock?

Why ABX Stock Could Underperform Barrick Gold Corporation (USA) (NYSE:ABX) is up roughly 165% as gold prices have increased about 25%. Going forward, could ABX stock continue to provide this sort of return? Before going into detail, let’s go back to the basics. With gold prices expected to go higher, you want a mining company to be setting up to…

Gold Prices: This 1 Factor to Cause Super Spike in Gold Market

Big Banks Turn Bullish on Gold Prices Gold prices could be setting up to surge big-time. Investors should be closely watching the yellow precious metal, as there are a few developments that could provide a rosy outlook for gold prices in 2016 and beyond. You see, in 2013, one of the biggest reasons gold prices tumbled—and investors panicked—was the big…

279%+ Upside for Direxion Daily Jr Gold Miners Bull 3X ETF?

More Upside for Direxion Daily Jr Gold Miners Bull 3X ETF? This is my sixth consecutive (monthly) update on the longshot pick Direxion Daily Jr Gold Miners Bull 3X ETF (NYSEARCA:JNUG) stock. I originally highlighted this pick for Profit Confidential readers during the third week of January 2016. Looking carefully at the accompanying chart below, the following observations come to…

Gold Prices: Why Mining Stocks Could Still Triple From Here

With gold prices up 25% year-to-date, hands down, gold has been the best-performing asset class to own in 2016 and I believe there is plenty of upside left for the precious metal. While I started recommending gold as an investment in 2001, when the precious metal traded at less than $300.00 an ounce, I turned up the volume on “gold…

Gold Prices: This Could Send Gold Bullion Over $2,000

Gold Prices Could Hit $2,000 by 2018 Gold prices continue to trend higher. The yellow precious metal is up roughly 28% year-to-date. If you think this is it, you could be making a grave error. Gold bullion could soar even higher. I have been very adamant in these pages about paying attention to the fundamentals in the gold market. They…

Gold Outlook: Did Sir Alan Greenspan Just Hint at a Coming Gold Standard?

Here Is the Craziest Gold Story You’ve Ever Read… Fasten your seatbelts. Because, even if you consider yourself open-minded and well-read on topics the “MSM” (mainstream media) avoid, this is still going to blow your socks off. Recently, none other than Sir Alan Greenspan, the former Fed chair—and the man most often blamed for creating the mess that the entire…