Yahoo! Finance: SI=F News
Silver markets have continued to hover at a major level, in the form of the $19 level during the trading session on Friday.
The post Silver Price Forecast – Silver Markets Hover at Major Level appeared first on WorldSilverNews.
Silver COT Report
Fri, 07/10/2020 – 15:10
Ted Butler
Fri, 07/10/2020 – 14:01
Chris Marchese
Fri, 07/10/2020 – 12:40
Chris Marcus
Fri, 07/10/2020 – 04:31
Bloomberg/Ranjeetha Pakiam/7-9-2020
“Even after governments and central banks unleashed vast amounts of stimulus to prop up economic growth, helping drive real yields below zero and making bullion more attractive, there’s speculation that more policy action may be needed. Investors should favor stocks and gold over bonds and cash because the latter offer a negative rate of return and central banks will print more money, according to Bridgewater Associates’s Ray Dalio, founder of the world’s largest hedge fund.”
USAGOLD note: Dalio’s gotten it right on gold from long before the pandemic hit. He’s still whistling the same tune, still getting very positive results. He’s one of a group quoted in this article – all bullish on gold’s future prospects.
ResourceWorldMagazine/Peter Kennedy/7-8-2020
“When the Royal Canadian Mint reported its first quarter results on May 22, 2020, it said overall global market demand for bullion, due to economic uncertainty surrounding COVID-19 led to higher bullion volumes. It reported that gold volumes were 198,100 ounces in the quarter (up from 123,800 in 2019), while silver volumes were 6.6 million ounces, up from 5.5 million a year earlier. ‘You are going to see bullion volumes similar to the global financial crisis in 2008 and 2009,’ said Levy during an interview with Resource World Magazine.”
USAGOLD note: We suspect other mints, including the U.S. Mint, are experiencing similar volumes. Thus far, they have been able to keep up with demand, i.e, premiums are in a range.
