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In addition to the fundamental developments, technical factors are also contributing to the early strength with the markets finding support on a test of a key 50% level.
The post Oil Price Fundamental Daily Forecast – Rally Fueled by Trade Deal Optimism, Capped by IEA Report appeared first on WorldSilverNews.
The coming leg higher is the one that will likely take prices to all-time highs. Below, is a long-term Silver chart..
Hubert Moolman
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New Pacific Metals Corp.
Vancouver, British Columbia – January 13, 2020 – New Pacific Metals Corp. (TSX-V: NUAG) (OTCQX: NUPMF) (“New Pacific” or the “Company”) is pleased to announce the assay results of the first 19 holes of the initial 24 hole, 6,000 metres, exploration drill program at the Snake Hole prospect, Silver Sand Project, Bolivia.
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Millions of Americans recently made New Year’s resolutions to strive for in 2020. Tackling a new year can often seem like a daunting task, but this annual tradition often helps people plan for the year ahead. I’ve been talking to a lot of friends, family, and work colleagues about their goals, and something stood out to me.
Again and again, I heard sarcastic jokes like, “This year, I plan to fail at…” or self-defeating sentiments like, “…but I’ll probably completely forget about doing that until the end of December.” Some people I’ve spoken to don’t even have a New Year’s resolution, with their idea being “Why try? I’ll fail at it anyway.” These ideas aren’t just common among people I’ve talked to. Keeping up with New Year’s resolutions seems to be a universal struggle.
In fact, I recently learned that January 17 is “Ditch New Year’s Resolutions Day.” Although it may not be the most well-known holiday, its mere existence is evidence of how often people abandon resolutions in society today. Psychology Today reported that 80 percent of resolutions fail by the second week of February. This gives most New Year’s resolutions just one-and-a-half months to get on track for success.
Why do I find it so important that people achieve their New Year’s resolutions? Why do I care? Mainly because of one simple reason:
Harris Poll found that “improving my finances” was the second most common resolution for Americans in 2020 behind “exercise more.” CNBC found that nearly half of Americans want to “save more money,” and a third want to improve their credit score.
I think having financial goals is important. I also think that the new year is a perfect time for people to think ahead and make goals about how they will protect and grow their money.
However, this is a problem if many people are also certain that they will fail at their New Year’s resolutions. I don’t want my family, my friends, and my employees to have difficulty with their money.
So, I decided to see what advice I could give that may help. Since many people have trouble sticking to their goals, the question that should be at the front of everyone’s minds becomes:
Psychologists have shared a few secrets that seem to work. First off, it is often helpful to have a defined, specific goal. Instead of simply thinking, “Protect my savings,” it might be more beneficial to think, “Store X amount of dollars securely by the end of the year.”
Secondly, you should have a strategy. Now that you have an endpoint in mind, you can plot out how you will get there over the course of the year. Break it down—what do you need to do each month? How will you achieve that goal? If the goal is protecting your money, what steps would you undertake to achieve this?
A hypothetical strategy for protecting money could be to store it in the form of precious metals. Precious metals such as gold are commonly considered safe-haven assets that could hold wealth during times of trouble.
Finally, it is important to remember why the goal is important to you in the first place. Sometimes, the importance of a goal may appear self-evident, such as with protecting money. However, it doesn’t hurt to dig a little deeper into why this is important. What, or even who, are you saving this money for?
By thinking about these things now, you can keep your New Year’s resolutions and have a strong plan for the year ahead.
The post How to Keep Your New Year’s Resolutions appeared first on U.S. Money Reserve.
Slowing global growth. Tit for tat tariff trouble between the U.S. and China. Frightful fires in the Amazon. The price of gold rose by more than 18 percent! A lot happened in 2019. Here we revisit key gold price increases during the year and explain what may have spurred the most significant bumps.
The year 2019 began with gold priced at $1,281.38 per ounce. By the end of the year, the price of gold hovered around $1,511 per ounce. In between, the price of gold hit a couple of peaks and valleys—but mostly peaks.
The year’s peak price, $1,545/ounce, happened on September 4. That was the day when Hong Kong Leader Carrie Lam pulled a controversial extradition bill that had sparked three months of protests in the region. Experts say the demonstrations, which continued through the end of 2019, have greatly damaged Hong Kong’s nearly $363 billion economy.
The year’s biggest price shifts occurred in May and June. On May 2, the closing price of gold plummeted to a 2019 low—$1,270.81/ounce. But less than two months later, on June 24, the price soared to $1,425.98/ounce. That translates to a 12.2-percent increase in less than eight weeks.
So what happened on May 2 and June 24?
The May 2 low for the price of gold followed the Federal Reserve’s declaration that it planned to keep interest rates steady, signaling no impending move one way or the other. “I see us on a good path for this year,” Federal Reserve Chairman Jerome Powell said.
As for June 24, that was the day President Trump ordered severe sanctions against Iran in response to hostile acts by the Iranian regime. Trump said the sanctions would deny “access to key financial resources and support” for Iranian leader Ayatollah Ali Khamenei and his cronies. U.S. Treasury Secretary Steven Mnuchin said the sanctions would “lock up” billions of dollars in assets.
Continuing the precious metal’s hot streak, the closing price of gold crossed the $1,500 mark ($1,502.79/ounce) on August 8 for the first time in 2019. That peak came on the heels of a move by China’s central bank to shore up its currency and the U.S designation of China as a “currency manipulator.”
Gold’s price rose and fell after that, with the closing price reaching its 2019 high on September 4 ($1,552.06/ounce). But the price never dropped below $1,400/ounce after jumping past that mark in July.
On December 31, 2019, the closing gold price was $1,516.80, for an increase of more than 18 percent since January 2019.
What does 2020 hold for gold prices?
Some forecasters expect the precious metal to maintain its upward trend.
One expert believes gold will close 2020 at $1,700 per ounce, while another says it could come close to $1,800/ounce.
Lingering concerns about trade relations with China, uncertainty over the outcome of the 2020 presidential election, and questions about the long-term viability of stocks could contribute to the rise of gold in 2020.
On December 27, a writer for the Kitco News website, which tracks the precious metals market, noted that it “seems highly likely” that gold will post a “stellar performance” throughout 2020.
“The retail gold market is healthy, with gold being considered a mainstream choice,” David Tait, CEO of the World Gold Council, said in November 2019.
Help make sure that if the price of gold increases again, you’ll be able to take advantage of it. Bookmark resources for tracking gold prices and learn how gold can help strengthen and support a well-diversified portfolio. Call 1-844-307-1589 today for the latest market insights from experienced Account Executives.
The post Up, Up & Away: A Review of 2019 Gold Prices appeared first on U.S. Money Reserve.
Kitco News
(Kitco News) – Platinum had the best day in nearly two years as prices surged past the $1,000 an ounce mark on Wednesday.
The post Platinum breaches $1,000, nears 2-year high as investors turn long on the metal — analysts appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Kevin O’Leary: What Trump’s historic trade deal with China means for the global economy
The post Kevin O’Leary: What Trump’s historic trade deal with China means for the global economy appeared first on WorldSilverNews.
“”silver price”” – Google News
Silver 1 OZ 999 NY (XAG=X) may decline if trade deal cools Fed easing expectations Live Trading News
The post Silver 1 OZ 999 NY (XAG=X) may decline if trade deal cools Fed easing expectations – Live Trading News appeared first on WorldSilverNews.