Yahoo! Finance: SI=F News
The silver markets gapped higher to kick off the week, showing signs of strength before chopping back and forth during the trading session.
The post Silver Price Forecast – Silver Gapped Higher to Kick Off the Week appeared first on WorldSilverNews.
Yahoo! Finance: SI=F News
Oil trades near the $39 level amid concerns about the speed of oil demand recovery.
The post Oil Loses Ground As Saudi Arabia Cuts Prices For Customers appeared first on WorldSilverNews.
Kitco News
(Kitco News) – All eyes will now be watching the European Central Bank to see if they will do anything to push inflation pressures higher.
The post All eyes on the ECB and potential currency devaluation rate appeared first on WorldSilverNews.
Ed Steer
Mon, 09/07/2020 – 02:16
Forbes/Simon Constable/9-4-2020
“Investors would be ill-advised to make financial bets that the price of gold will fall, according to a recent video report from commodities consulting firm CPM Group. The video, hosted by Jeff Christian, founder, and managing partner of the company, notes that anyone with an outlook longer than a couple of weeks should be long. In other words, investors should bet on higher prices for the yellow metal.”
USAGOLD note: A familiar litany of concerns inspires this advice from Jeff Christian who warns of future volatility for precious metals. We have already seen a sharp increase in volatility (percent change from a year ago) – the largest since 2009, as shown in the chart below. Keep in mind that so far in this rally we have had strong buying on the dips.
Chart courtesy of St. Louis Federal Reserve [FRED]; Source: Chicago Board Options Exchange
Bloomberg/Enda Curran and Fergal O’Brien/9–6-2020
“The concerns are multiple. The coming northern winter may trigger another wave of the virus as the wait for a vaccine continues. Government support for furloughed workers and bank moratoriums on loan repayments are set to expire. Strains between the U.S. and China could get worse in the run-up to November’s presidential election, and undermine business confidence.”
USAGOLD note: The only thing certain for the rest of the year is more uncertainty ………
