Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Global debt is exploding thanks to the deliberate COVID-19 manufactured crisis. It is approaching $280 trillion going into year-end. We should no longer call it even debt because at Continue...Read More
Bitcoin is soaring again, as it just neared $19,000-doubling where it ended in 2019. It can be argued that no other asset has delivered such strong returns in one of the worst financial markets in history. But Robert Kiyosaki encourages everyone to have Bitcoin AND gold and silver. The reason is these assets are insurance against a dying dollar. In this update video, Robert explains this tweet: "B...Read More
Biden allegedly got 80 million votes, which is more than Obama received at his peak, in 2008 - and Biden did this despite losing minority voters to Donald Trump and trailing Trump in voter enthusiasm.Continue...Read More
"Look at the data, the spread from children and among children is not very big at all, not like one would have suspected."Continue...Read More
Bitcoin price accelerated higher on Monday, soaring above last week's highs and the record intraday high from Dec 2017..Continue...Read More
"I might be completely wrong, and these were indeed just (a few) individual cases.""Or possibly I am right, and we are about to face a wave of mass reinfections."Continue...Read More
Herman Cain was a gold bug and now those closest to him are fighting over his gold hoard.Continue...Read More
Sustained low interest rates, coupled with large levels of debt and an eventual return to inflation will be the dominant drivers of gold in 2021, said Kevin Rich, consultant to the Perth Mint. 0:00 - Main drivers of gold in 20215:48 - Physical coin market7:22 - Risks to watch12:47 - Market volatiliyRead More
European ferro-titanium prices could hit multi-year highs in the coming weeks against strengthening demand from steelmakers and increasingly tight supplies of scrap, alloy suppliers in Europe told Fastmarkets. Delivered duty-paid prices in Europe will set a new annual peak if prices increase at all from the top end of the current range, and the market will equal a more than six-year high if prices...Read More
Global leaders are using the virus pandemic to exert control over the world's population under the guise of preventing the spread of COVID-19. The pandemic has provided elites with an opportunity to Continue...Read More
Money manager Adrian Day takes a look at several of his favorite gold companies, noting that while they are "quite apart in size," each has "great management, solid balance sheets and deep pipelines." First, we have a word on gold. Gold closed under $1,800/ounce on Friday for the first time since mid-July. How did it happen? Gold had declined sharply for the past week, but on Friday, just before...Read More
Peter Krauth explains why the fundamentals point higher for gold, while the technicals suggest we could well see a little more near-term weakness. Since peaking at $2,067 in August, gold is down by $250.Does that mean its bull market is over, or is gold a Cyber Monday Deal?In this correction, gold has already given back 15%, leading some to conclude that the gold bull market it finished.After all...Read More
The last time I wrote a title like the above was on June 19th; and wouldn’t you know that the correction ended the very next trading day? The consolidation breakout on Monday, June 22 created the gap you will see as a downside objective on the daily chart of HUI below.Gold Sector Correction is Maturing (6.19.20)That was a routine correction as gold and the gold miners were still part of one...Read More
Gold plunged to $1,800. What does this imply for the gold market?Whoa! Tuesday, November 24 wasn’t too good for gold. The price of the yellow metal plunged then from $1,840 to $1,800. Actually, November was an awful month for gold prices, which dropped from a local peak of $1,941, or more than 7 percent. So, what happened? Well, it seems that the positive news of the vaccines eliminated the...Read More
Responsible homeowners and landlords insure their property against fires, floods and violent storms. Sensible motorists insure their vehicles against inadvertent fender benders and costly collisions. Prudent investors own precious metals to protect financial assets from currency debasement, stock market meltdowns and economic collapse.Reducing risk and avoiding financial loss is the purpose of ins...Read More
It might have been tempting to thinkthat the recent move lower in the U.S. Dollar Index would serve to push goldhigher, as it usually does according to the traditional pattern. But these areextraordinary times and there are too many external factors weighing negativelyon the price of the yellow metal.As if the previous vaccine announcementsweren’t enough, the latest vaccine trials from Astra...Read More
Here are five Fastmarkets stories you might have missed on Monday November 30 that are worth another look.Italian authorities will finalize their takeover of a share in flat steel producer ArcelorMittal Italia on December 10, trade unions Fiom-Cgil and Uilm said on November 30.The first deal for...Read More
Peter Krauth explains why he believes Biden could become silver's best friend. It may seem like an unlikely match.But there are some big reasons why Biden could become silver's best friend.The main force behind this thesis is that we can expect stimulus. A lot of stimulus.More specifically, Biden is likely to do his utmost to bring on more general support for the economy through increased borrowin...Read More
Sector expert Michael Ballanger examines the charts for commodities like soybeans and the components used in handheld electronic devices, and reflects on what they say about the future prospects of those who hold mortgages and invest in precious metals. As I peruse my favorite website in search of technical patterns for various commodities and stocks, I am reminded of the soon-to-be-immortal words...Read More
Alcoa Corporation will sell its Warrick Operations rolling mill near Evansville, in the US state of Indiana, for $670 million - including $587 million in cash - to Kaiser Aluminum, with the transaction expected to close by April 2021, Alcoa said on Monday November 30.Alcoa will continue to operate the smelter - which has capacity of 269,000 tonnes per year - and power plant at the location. The ro...Read More