Gold Heads for Biggest Weekly Gain Since July on Stimulus Hopes
Gold headed for the biggest weekly gain in more than three months as investors awaited the the final outcome of the U.S. election amid the prospect of further stimulus. President Donald Trump questioned the credibility of the U.S. election, complaining that public polls had overstated Joe Biden’s lead in many battleground states and the ongoing […]
Precious Metals to Rally Hard After Election, Even More So if Joe Biden Wins
The presidential election will take place in less than one month, with November 3rd only a mere twenty-five days away. The anxiety and uncertainty are all around us, especially if you call yourself a citizen of the United States. However, the ramifications of the coming election will be felt all around the world. At the […]
Silver Bulls Will Be Handsomely Rewarded
They say patience is a virtue. Well, if anyone is virtuous these days, it has to be silver bulls. They also say good things come to those who wait. I believe those good things will be coming…in spades. Silver reached just shy of $50 back in April 2011. A decade later, we’re still just barely […]
Silver Price Forecast – Silver Markets Continue to Find Buyers
Silver markets have dipped on Monday after gapping higher but have turned around to find buyers yet again. Ultimately this is a market that looks very bullish. Silver markets have gapped higher to kick off the trading session on Monday but found buyers underneath as soon as the gap was filled. Ultimately, we then shot above […]
Gold climbs as investors cast a wary eye on upbeat U.S. jobs data as cases of COVID-19 continue to rise
Gold futures moved higher Thursday as investors showed concern over the economic impact of the rising numbers of new COVID-19 cases in the U.S. and around the world despite improving economic data. A drop in the U.S. unemployment rate and a better-than-expected job growth in June only briefly managed to pull prices lower in earlier […]
It’s not just gold that glitters: Knock, knock! Silver is spiking too
What’s intriguing for the silver chart is the “rare of rarest price pattern.” The current craze and euphoria around gold has been unprecedented. Indians suddenly seem to emerging as the best investors in gold, and the yellow metal is going through the roof. But have you also noticed that one of its major competitors, or […]
Goldman hikes 12-month gold price forecast to $2,000/oz
Goldman Sachs raised its gold price forecast on Friday as it expects a rally in bullion to continue due to currency debasement fears and economic uncertainty caused by the coronavirus crisis. The bank raised its three, six and 12-month gold price estimates to $1,800, $1,900 and $2,000 per ounce from $1,600, $1,650 and 1,800 per […]
