Month: July 2020

Silver

Gold holds moderate gains after as-expected FOMC statement

Post author By Gold News Club
Post date July 30, 2020

Kitco News

(Kitco News) – Gold and silver prices are moderately up in afternoon U.S. trading Wednesday. Comex futures today closed at a record-high close.

The post Gold holds moderate gains after as-expected FOMC statement appeared first on WorldSilverNews.

Silver

Gold prices holding modest gains as Federal maintains steady course on monetary policy

Post author By Gold News Club
Post date July 30, 2020

Kitco News

(Kitco News) – The gold market continues to hold near all-time highs and is see some delayed buying momentum the Federal Reserve maintains a steady course to stabilize the economy devastated by the COVID-19 pandemic.

The post Gold prices holding modest gains as Federal maintains steady course on monetary policy appeared first on WorldSilverNews.

Silver

GoldSeek.com to Launch New Website

Post author By Gold News Club
Post date July 30, 2020

GoldSeek.com to Launch New Website

(Denver, Colorado – July 29, 2020) GoldSeek.com is pleased to announce that it will be launching its new website in the coming days. This will be the third major revision to the GoldSeek website over the past 25-years.

In the next version of GoldSeek.com, we are excited to announce the following features..

SilverSeek.com
Wed, 07/29/2020 – 14:35

Silver

The Other Reason Silver Is Soaring: Disruptions in Latin America

Post author By Gold News Club
Post date July 30, 2020

The Other Reason Silver Is Soaring: Disruptions in Latin America

Silver’s biggest monthly rally since 1979 has mainly been a story of strong demand. Investors are seeking shelter from pandemic turmoil and negative rates while industrial demand for the metal recovers in some parts of the world.

But here’s another reason to be bullish on silver: Supplies are set to shrink too:

SilverSeek.com
Wed, 07/29/2020 – 13:41

Silver

Silver Makes High Wave Candle at Target – Here’s What to Expect…

Post author By Gold News Club
Post date July 30, 2020

Silver Makes High Wave Candle at Target – Here’s What to Expect…

Silver has made impressive gains over the past week which resulted from its breaking out at last from the giant Double Bottom base pattern that started to form as far back as 2013, so it’s been a long wait for silver investors for this to happen. Over the past week it has done exactly as predicted in the “breakout Souvenir article” posted on the site on the 22nd, running quickly at the strong resistance at the underside of the 2010 – 2013 top area, as we can see on its latest 13-year chart below, on which we can also see that volume hit an all-time record, which we take as a warning of temporary exhaustion, especially given the type of candle that formed yesterday, which we will proceed to look at lower down the page on the latest 6-month chart.

Clive Maund
Wed, 07/29/2020 – 09:28

Silver

Silver Price Spikes Again, Shorts Are Getting Pounded

Post author By Gold News Club
Post date July 30, 2020

Silver Price Spikes Again, Shorts Are Getting Pounded

Silver had a historic late-night Sunday rally, and now some of the banks and funds that are short are really racking up some big losses.

Fortunately, I was invited onto Trevor Hall’s Mining Stock Daily podcast to talk about what’s going on, how quickly the silver price might rise, the risks, and a whole lot more.

Chris Marcus
Wed, 07/29/2020 – 06:52

Silver

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months

Post author By Gold News Club
Post date July 30, 2020

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months

Due to measures taking by the West Point Mint to protect workers from the virus, the production of gold and silver coins will be reduced over the next 12-18 months. By enacting these worker policy changes, the U.S. Mint will not be able to produce gold and silver bullion coins at the same time. Thus, if demand continues to be strong for Gold and Silver Eagles, we could see higher premiums in the future.

Steve St. Angelo
Wed, 07/29/2020 – 06:14

Silver