Month: August 2020

Categories
Silver

Metals Market Weekly Recap: Jul. 31, 2020

Wise investing starts with watching for price fluctuations in the precious metals market. Spot buying opportunities in our weekly metals market recaps. Get the spot price close; one-week price change; and year-to-date price change of gold, silver, platinum, and palladium for the week of July 24 – July 31, 2020 below.
Gold Spot Price Close: $1,972.37
1 Week Price Change: ▲ $70.77 ▲ 3.72%
1 Year Price Change: ▲ $560.23 ▲ 39.67%
Silver Spot Price Close: $24.41
1 Week Price Change: ▲ $1.64 ▲ 7.20%
1 Year Price Change: ▲ $8.14 ▲ 50.07%
Platinum Spot Price Close: $903.50
1 Week Price Change: ▼ -$14.25 ▼ -1.55%
1 Year Price Change: ▲ $39.00 ▲ 4.51%
Palladium Spot Price Close: $2,097.50
1 Week Price Change: ▼ -$114.12 ▼ -5.16%
1 Year Price Change: ▲ $575.50 ▲ 37.81%
Categories
Silver

$2,000/Oz Gold Signals Inflation Is Here

Every American holding dollars just lost purchasing power. The greenback shed 4% in the last two weeks. And the printing presses are nowhere near done as the nation’s leaders grapple over the next multi-trillion-dollar stimulus bill.

“Anyone who’s ever purchased gold in the history of the world is in effect profitable.”
— Damian White, Senior Advisor at Scottsdale Bullion & Coin

And anyone who bought gold when it was at $1,700, $1,800, $1,900 an ounce just became wealthier. Because gold prices hit $2,000 an ounce today.1 And analysts as well as big banks think gold prices will only keep rising.

How high? Watch the video for more details on gold’s record bull market.

Don’t wait to protect your portfolio with gold. Get into gold now. Before gold prices hit $3,000 an ounce. And the dollar drops even further. Or gold dealers run out of bullion again. Whichever happens first.

Speak with your Scottsdale Bullion & Coin precious metals advisor today. Call 1 (888) 812-9892.

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Is Silver a Good Investment Now? See What Experts Think

Categories
Silver

Survey: will we get inflation or deflation? Gold’s possible course of action from here

Kitco News

(Kitco News) – Survey: will we get inflation or deflation? Gold’s possible course of action from here

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The post Survey: will we get inflation or deflation? Gold’s possible course of action from here appeared first on WorldSilverNews.

Categories
Silver

Money is finally flowing into junior explorers, but the market still has a long way to go

Kitco News

(Kitco News) – The financial drought for junior explorers has ended as money is flowing back into the sector, according to Kitco commentator and founder of juniorminingjunky.com, David Erfle.

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The post Money is finally flowing into junior explorers, but the market still has a long way to go appeared first on WorldSilverNews.

Categories
Silver

We are watching history unfold

Kitco News

(Kitco News) – It has been an exciting week for gold investors. After hitting all-time highs nine years ago the gold market has broken its chains and is now soaring in blue sky territory.

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The post We are watching history unfold appeared first on WorldSilverNews.

Categories
Silver

EUR/USD Mid-Session Technical Analysis for July 31, 2020

Yahoo! Finance: SI=F News

The key level to watch into the close is Thursday’s close at 1.1848. A close under this level will form the daily closing price reversal top.

The post EUR/USD Mid-Session Technical Analysis for July 31, 2020 appeared first on WorldSilverNews.

Categories
Silver

‘Gold is climbing a wall of worries’: As $2,000 gold price approaches, there might be buying opportunities, say analysts

Kitco News

(Kitco News) – As gold continues its race upwards and prices approach the $2,000 an ounce mark, analysts say that there might be opportunities to buy next week as the precious metal sees some consolidation.

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The post ‘Gold is climbing a wall of worries’: As $2,000 gold price approaches, there might be buying opportunities, say analysts appeared first on WorldSilverNews.

Categories
Silver

COT Silver Report – July 31, 2020

COT Silver Report – July 31, 2020

Commitment of Traders report for positions as of the close Tuesday, July 28.

Silver COT Report
Fri, 07/31/2020 – 15:28

Categories
Silver

Massive Investment Demand Puts Silver Back On The Mainstream Radar

Massive Investment Demand Puts Silver Back On The Mainstream Radar

With silver up 30% for the month, the shiny metal is now back on the Mainstream Media Radar.  Yeah, it’s been seven long years since silver traded at $24, but now it looks as if it is just in the beginning stages of a new Bull Market.

Last Friday, CNBC ran an interview with Bill Baruch, president of Blue Line Capital.  He said that when silver was trading at $22 on Friday, he expected more gains.  And, this precisely what took place this week.

Steve St. Angelo
Fri, 07/31/2020 – 08:31

Categories
Silver

Silver on track for biggest monthly increase on record: Over 30%

Silver on track for biggest monthly increase on record: Over 30%

Silver also climbed 2.4% to $24.11 an ounce, on
course for its largest monthly rise on records going back to
1982 - up over 30% - with additional impetus from hopes for a
revival in industrial activity.

https://www.reuters.com/article/global-precious/precious-gold-heads-for-biggest-monthly-gain-since-jan-2012-on-rush-to-safety-idUSL3N2F23KW

SilverSeek.com
Fri, 07/31/2020 – 08:29