Author: Gold News Club

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Silver

‘Investing in gold’ to offset U.S. dollar losing its dominance – Scott Minerd

Kitco News

(Kitco News) – Gold accumulation could be the answer to the U.S. dollar losing its world’s reserve currency status while the Federal Reserve pursues its massive quantitative easing policy, according to Guggenheim Investments chief investment officer Scott Minerd.

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Categories
Silver

Bullion Bank Retreat Puts Floor under Silver and Gold Prices

Bullion Bank Retreat Puts Floor under Silver and Gold Prices

Investors dumped paper gold and silver along with stocks, commodities, and most other asset classes in March. The price of silver dropped to $12.02/oz on March 18th and gold bottomed at $1,473/oz.

The bullion banks – notorious for their concentrated short positions – might have made a killing. But that isn’t what happened. Some of the most prominent players took massive losses instead.

Clint Siegner
Tue, 06/09/2020 – 14:29

Categories
Silver

The Silver Surge

The Silver Surge

Recently, silver has made a significant move – up about 20 percent in the last month – and trading just below USD$18 per ounce at press time. Simultaneously, investment in physical silver, in the form of silver bullion coins and bars, is expected to climb for a third consecutive year,

SilverSeek
Tue, 06/09/2020 – 14:04

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Silver

Money managers hike bullish silver positioning

Money managers hike bullish silver positioning

Meanwhile, silver has far greater industrial applications, so benefited from the improving economic optimism, Flynn said. Further, the metal this spring was widely considered undervalued relative to gold, so likely drew some investment buying in its role as “poor man’s gold,” as it is often called.

SilverSeek
Tue, 06/09/2020 – 14:02

Categories
Silver

Silver Sector Correction Starts As Risk On and Seasonal Factors Weigh…

Silver Sector Correction Starts As Risk On and Seasonal Factors Weigh…

Silver just topped out at the resistance at a line of peaks and looks set to react back at least to the support shown on the 13-month chart, and could easily drop further if that fails.

Clive Maund
Tue, 06/09/2020 – 07:05

Categories
Silver

Silver Price Forecast – Silver Markets Finding Buyers – FX Empire

Silver Price Forecast – Silver Markets Finding Buyers  FX Empire
Categories
Silver

Silver Price Daily Forecast – Silver Rebounds After Sell-Off – FX Empire

Silver Price Daily Forecast – Silver Rebounds After Sell-Off  FX Empire
Categories
Silver

Silver Price Daily Forecast – Silver Settles Back Above $17.50 – Yahoo Finance

Silver Price Daily Forecast – Silver Settles Back Above $17.50  Yahoo Finance
Categories
Gold

Fidelity chief warns of global corporate solvency crisis

Financial Times/Attracta Mooney/6-6-2020

graphic image of red warning flag flapping in the wind“Fidelity International boss Anne Richards has warned that the asset management industry will struggle to provide enough capital to fix the solvency problems public businesses face as economies emerge from lockdown.”

USAGOLD note:  This problem of solvency with respect to corporate bonds keeps coming up among top asset managers.  One of the largest, Fidelity, has now issued that same warning.

Categories
Gold

Alaska gold mine company slowly restarts drilling program – Seattle Times

Alaska gold mine company slowly restarts drilling program  Seattle Times