Silver Price Forecast – Silver Markets Continue to See Support FX Empire
Month: December 2020
Bloomberg/Annie Lee, Yuliya Fedorinova and Eddie Spence/12-5-2020
“Platinum posted its biggest monthly gain in November since 2008 amid a revival in investor buying. Jewelry purchases are being driven by demand in China, where wealthy consumers are starting to make emotional purchases with cash hoarded during the pandemic.”
USAGOLD note: We ran a very successful special on platinum bullion coins a couple of weeks ago. Platinum is attracting the interest of value-oriented investors – and not just those located in China.
The post ‘Laggard’ platinum attracts China’s attention first appeared on Today’s top gold news and opinion.
The Grant Williams Podcast/Interview of Fred Hickey/11-27-2020
USAGOLD note: Grant Williams and Bill Fleckenstein interview a newsletter writer we have featured here on occasion, Fred Hickey (The High Tech Strategist). The interview includes his controversial, and persuasive position on bitcoin (which is not favorable). He also spends a great deal of time on the gold market including what is behind the “perverse” sell-off of the past several months. We think you will draw much wisdom from this interview. “It looks like a perfect environment for gold,” Hickey says. “What are we trying to do here? Protect ourselves against debasement.”
The post Fred Hickey interview: ‘What are we trying to do here? Protect ourselves against debasement.’ first appeared on Today’s top gold news and opinion.
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The post https://www.usagold.com/cpmforum/2020/12/305673/ first appeared on Today’s top gold news and opinion.
Reuters/Tom Westbrook
“The dollar fell to a more than two-year low on Monday and is set to log its largest monthly fall since July, as a combination of vaccine optimism and bets on more monetary easing in the United States drives investors out of the world’s reserve currency.”
USAGOLD note: While investor attention has been focused on the stock market’s performance and the post-election maneuverings of both political parties, the dollar has continued to slide on international markets. Though it is difficult to decipher precisely cause and effect when it comes to the dollar trend at this juncture, the decline does coincide with full recognition of the onslaught and spread of the coronavirus. Since its March peak, the greenback is down over 11.25% (as shown in the chart immediately below).
Chart courtesy of TradingView.com • • • Click to enlarge
Repost from 12-3-2020
The post Upcoming Fed meeting comes into focus as dollar drops to two-year low first appeared on Today’s top gold news and opinion.
MarketWatch/Greg Robb
“The Federal Reserve isn’t contemplating pulling back on its bond-buying program even though there is widespread optimism about the medium-term economic outlook given promising news on COVID-19 vaccines, Fed chief Jerome Powell said Wednesday.”
USAGOLD note: As former Bank for International Settlements economist William White recently pointed out, the Fed is in a debt trap from which there is no easy exit. If it stops buying bonds the markets collapse. If it continues to buy, it fosters the support of zombie companies, moral hazard, and more bad debt. In the last issue of our monthly newsletter, we called the situation a monetary version of the movie, Groundhog Day, in which the markets wake up each turn of the cycle to a new and deeper version of the same crisis.
Repost from 12-3-2020
The post Powell on curtailing bond purchases: ‘The time will come’ but it’s now now’ first appeared on Today’s top gold news and opinion.
California Gold Announces Strategic Review Process Canadian Stock Exchange:CGM.CN GlobeNewswire
Here’s why gold price is up nearly $50 in two days Kitco NEWS
Gold, silver bulls gaining upside momentum this week Kitco NEWS
Gold tallies back-to-back gains to mark highest finish in 3 weeks MarketWatch