“”silver price”” – Google News
Silver linings: the asset that’s outperforming gold The Spectator US
The post Silver linings: the asset that’s outperforming gold – The Spectator US appeared first on WorldSilverNews.
Month: October 2020
Silver Price – BingNews
Silver prices rise to the intraday high of $24.12, currently around $24.07, during Friday’s Asian session. The white metal recently picked bids on the break of the $24.00 round-figure. However, the …
The post Silver Price Analysis: Bulls to have a bumpy road despite crossing $24.00 appeared first on WorldSilverNews.
Silver Price Forecast – Silver Continue in The Same Range FX Empire
Daily Wealth/Brian Tycangco/10-6-2020
What I learned along the way is that when the Chinese want gold, price doesn’t matter. And that goes a long way to explaining why the metal can rise much higher from here. Let me explain… If the Chinese want gold, they’ll pay any price for it. This became especially clear to me in 2012, during gold’s last major bull market.I was in Hong Kong which, at that time ……”
USAGOLD note: Some interesting perspective on China’s cultural attachment to gold …… Based on the writer’s direct experience.
The post China is getting back to normal and that’s a win for gold first appeared on Today’s top gold news and opinion.
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Central banks net sellers of gold in August
Financial Times/Henry Sanderson/10-7-2020
“Central banks became net sellers of gold in August for the first time in a year and a half, in the latest indication that demand for the metal is slowing following a record-setting rally.”
USAGOLD note: Is net sales from central banks an indication of slowing demand in the aggregate? Not necessarily. And we are talking about a very small number in the overall scheme of things – 12.3 tonnes. All other indicators, including the rising price over the course of the year thus far, point to increased (not “slowing”) demand.
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The post https://www.usagold.com/cpmforum/2020/10/307677/ first appeared on Today’s top gold news and opinion.
Bloomberg/Danielle Moran and Martin Z. Braun
“New York City and state both had their credit ratings lowered Thursday by Moody’s Investors Service, which said the impact from the coronavirus on the most populous U.S. city — the core of the state’s economic engine — is among the most severe in the nation.”
USAGOLD note: We can only hope that the NYC/New York downgrade is an aberration and not the start of a trend among America’s large cities. It could make an already difficult situation even more difficult to manage.
Repost from 10-4-2020
The post Moody downgrades New York, warns of long return to normal first appeared on Today’s top gold news and opinion.
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Some perspective on gold in the new paradigm
Bridgewater/Research & Insights
“In brief: in a world of ongoing pressure for policymakers across the globe to print and spend, zero interest rates, tectonic shifts in where global power lies, and conflict, gold has a unique role in protecting portfolios. The move we’ve seen in gold this year is quite modest relative to what we’ve seen in past reflationary periods, and given still depressed levels of activity globally, the need to keep reflationary policies in place will persist for some time. While gold offers no known yield, no known yield can be quite attractive when the yields on other assets are known to be terrible.”
USAGOLD note: There are many ways to take a stake in the gold market but the best approach, particularly when you take into consideration analyses like this one from Bridgewater, is to own the metal itself in the forms of coins or bullion and have it stored nearby or in a safe, segregated (even fully allocated) depository account in your name. The full report is highly recommended at the link. Bridgewater, as many of you already know, is headed up by Ray Dalio, a vocal advocate of gold ownership.
Repost from 10-4-2020
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Gold, silver weaker; bulls need new fundamental boost Kitco NEWS
This driver could ‘propel’ gold price back to its new all-time highs – Bloomberg Intelligence Kitco NEWS