Categories
Silver

Precious Metals Prices Surge as Investors Rush to Safe-Haven Assets

precious metals safe haven

Key Points:

  • Market strategist forecasts $25/oz Silver Prices by Thanksgiving.
  • Billionaire investor predicts GOLD’S NEXT RUN will be EXPLOSIVE!
  • 5-Year PLATINUM chart shows BIG UPSIDE POTENTIAL.

Trade disputes boil in every corner of the world: the U.S. vs. China; the U.S. vs. the EU; India vs. Pakistan; and Japan vs. South Korea.

Manufacturing constricts in the four largest economies—the U.S., China, Japan, and Germany—and the yield curve inverts to the worst level since 2007.[1]

Investor optimism disappears from Wall Street after an August rife with intense stock market volatility. In its place? FEAR.

Investors are finally feeling the impact of the protracted trade war with China and onset of the long overdue market correction and downturn where it hurts the most: their portfolios. And they’re scared. From Wall Street to Main Street, investors are rushing to the safety of precious metals, setting off what’s expected to be an UNPRECEDENTED BULL MARKET.

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Prices for gold, silver, platinum, palladium, and rhodium have only one direction to go: UP! Will you seize the opportunity to buy before they do?

Precious Metals Prices Surge on Safe-Haven Buying

“‘People are looking basically for resources that they know are going to have a value 20 years from now, or 30 years from now, as they age. That is clearly a fundamental force that is driving’ market moves.” — Former Federal Reserve Chairman Alan Greenspan in an interview on September 4, 2019

Prices for gold and silver surge. Rhodium roars higher. Palladium keeps climbing. Platinum market conditions are ripe for a rally.

How high are precious metals prices? Even more importantly, where are they headed?

Gold Prices Skyrocketing

I think we’re in the third and final phase of the gold market that’s started in 2001, and this will be the most explosive phase for gold.
–Frank Giustra, chairman of Leagold Mining

Gold Prices 2019-2020

January Gold Price Open $1,287.20/oz
September Gold Price Open $1,523.35/oz
Percentage Gain 18.35%
Record High Hit in 2019 6-Year High
Gold Price Forecast End of 2019 $1,600/oz
Gold Price Forecast End of 2020 $2,000/oz

[2][3][4][5]

Why is Giustra so bullish on gold? Because we’re finally seeing the fallout from central banks’ drastic measures to rescue markets after the last financial crisis. That the Fed has no exit strategy for quantitative easing, except more QE—FOREVER.

We’re seeing it right now with the latest interest rate cut. Once markets realize historically low interest rates are here to stay, GOLD PRICES WILL KEEP GOING UP. And they won’t stop!

Learn more about global market vulnerabilities in “Why the Next Financial Crisis Could Be Worse than 2008.”

Silver Prices Predicted to Outperform Gold

You would expect silver to outperform gold given the fact that it has double the volatility of gold.
—Bart Melek, head of global strategy at TD Securities.[6]

Silver Prices 2019-2020

January Silver Price Open $15.44/oz
September Silver Price Open $18.35/oz
Percentage Gain 18.85%
Record High Hit in 2019 2-Year High
Silver Price Forecast 2019 $25/oz
Silver Price Forecast 2020 and Beyond $130/oz

[7][8][9][10]

Melek explained that silver is catching up to gold. With U.S. dollar drops, lower interest rates, and stock market volatility, he expects the white metal to hit $19 to $20 quickly.

Read our “Silver Price Forecast 2019” for an in-depth look at the market movers for silver this year.

Platinum Group Metals Prices Rising

All of the precious metals have been moving higher over the past months as the sector has outperformed almost all other asset classes. Even platinum has joined the bullish party.
—Andrew Hecht, commodity and futures trader and analyst and author of the Hecht Commodity Report

Platinum Prices Set to Breakout

The view that these investors are taking is that there will ultimately be more demand from the automotive sector and supply looks to shrink. For a lot of investors it just looks like everything is pointing in the right direction for platinum.
—Trevor Raymond, director of research for the World Platinum Investment Council (WPIC)[11]

Platinum Prices 2019-2020

January Platinum Price Open $794/oz
September Platinum Price Open $936/oz
Percentage Gain 18%
Record High Hit in 2019 1.5 Year
Platinum Price Forecast 2019 $1,100/oz
Platinum Price Forecast 2019 $1,500/oz

[12][13][14][15]

The WPIC reported unprecedented investment demand” in the platinum market during the first half of 2019. The 145,000-ounce jump in investment demand offset declines in automotive and retail platinum consumption.

The organization predicts investment purchases to rise to 900,000 ounces for the year, as many investors are anticipating a switch to platinum from palladium in the automotive sector due to its lower price-point.[16]

Platinum Investment Demand 2019

Platinum Investment Demand Chart 2019

5-Year Platinum Chart Shows Big Upside Potential

Platinum Price 5-Year Low $767/oz
Platinum Price 5-year High $1,394/oz
Current Price of Platinum $957/oz
Upside Potential: 46%

Platinum is way undervalued based on its benchmarks. Because of its strong correlation to gold I think we can still see higher prices.
—Bart Melek, head of commodity strategy at TD Securities.[17]

Palladium Prices Keep Climbing

The precious metals market is about to resume a rally, in our view, on the back of a surge in the palladium price. For the first time in five years, the Bloomberg Precious Metals Spot Subindex is poking above its 72-month average. It may be a better bullish broad-market indication if the recent visit above $1,500 an ounce in palladium marks a peak.
—Mike McGlone, senior commodity strategist at Bloomberg Intelligence.[18]

Palladium Prices 2019-2020

January Palladium Price Open $1,263/oz
September Palladium Price Open $1,535/oz
Percentage Gain 22%
Record High Hit in 2019 All-Time High $1,620.53 (March 2019)
Palladium Price Forecast 2019 $1,350/oz Average
Palladium Price Forecast 2020 $1,275/oz Average

Analysts expect palladium prices to pullback a bit this year and next as industry and investors take advantage of bargain platinum prices. However, the forecast 2019 average price of $1,350 for palladium is the highest ever on record, so demand and prices should remain relatively robust.[19]

Runaway Rhodium Prices

They are putting rhodium in everything. Because of higher environment standards, they are throwing more and more rhodium in converters. I don’t see the big automakers stopping this trend anytime soon and the supplies they need are just not there.
—Matt Watson, president at Precious Metals Commodity Management[20]

Rhodium Prices 2019-2020

January Rhodium Price Open $2,300/oz
September Rhodium Price Open $4,700/oz
Year-to-Date Gain 104%
Record High Hit in 2019 11-Year High
Rhodium Price Forecast 2019 $10,000/oz
Rhodium Price Forecast 2020 $10,000/oz

[21][22][23]

Rhodium has seen strong demand from the automotive sector this year because, unlike palladium and platinum, it can be used in both diesel and gasoline engines. However, with no primary rhodium deposits in the world, supplies of the byproduct of nickel and platinum mines remains small and non-respondent to price swings.[24]

Given this supply and demand equation, some analysts foresee rhodium prices reaching or surpassing their all-time high of approximately $10,000, which was reached in 2008.[25]

Smart Investors Safeguarding Their Wealth with Precious Metals

Safe-haven assets rule when investor fears turn into market realities—RIGHT NOW.

But, with $17 trillion in government debt globally yielding less than zero percent and analysts proclaiming Bitcoin is “no longer a safe-haven asset,” only precious metals are shining.[26][27]

Gold Prices vs. 10-Year Treasury Bond Yields

Gold Prices vs. 10-Year Treasury Bond Yields chart

And they’ve caught investors’ attention: prices for gold, silver, and the platinum group metals are surging due to sudden and rampant demand.

What does this mean for those who’ve yet seek the safety of precious metals? Their window for affordable portfolio protection is closing—and fast!

Categories
Silver

The Bulls Rush into Gold & Silver! Big Banks Predict $2,000/oz Gold

gold bull market

Key Points:

  • Gold and silver prices are roaring to record highs, providing better returns than stocks.
  • Big banks forecast $2,000-an-ounce gold.
  • Bulls jump into the market! Miner stocks and silver prices breaking out.
Gold is a stable source of value with thousands of years of trust among humans supporting it,
—JP Morgan Commodities and Rates Strategist Craig Cohen[1]

Amid calls by big banks to ditch the dollar and buy gold and silver; an inverted U.S. bond yield curve; and $15 trillion worth of bonds with negative rates, the yellow metal is shining as the ultimate safe-haven asset.[2][3][4] Flirting with a six-year high at $1,518.40 and already trading above $2,000 in Canada in mid-August, gold prices keep ascending. And, the consensus among major financial institutions is that $2,000-an-ounce gold isn’t far off.

Market movements suggest more than a gold rally is upon us: silver prices broke out. Miner stocks spiked. Bulls rushed into gold and silver. With the next commodities super-cycle setting in and the downturn gripping global markets, the only question left is,

“How long do you have before affordable gold is gone?”

Continue Reading

More than a Gold Rally—A Market Shift

Spikes in gold prices in recent years have come and gone. But worsening geo-economic conditions, swiftly softening monetary policy around the world, and the breakout in mining stocks and silver prices suggest the entire market is shifting.

Gold Prices Skyrocketing

gold prices may 2019 to august 2019

Fundamentally, the sharp downtrends in bond yields firmly support the bullish case for gold.
—Tom Essaye, founder of The Sevens Report.[5]

Surpassing the psychologically important $1,500/oz level in early August, gold prices are now returning better year-to-date gains than stocks:[6]

Year-to-Date Gains: Gold vs. Stocks

Asset Year-to-Date Gains
Gold 18.5%
Silver 9.3%
Dow 10.2%
S&P 500 14%
Nasdaq 17.4%

Bulls Race into Gold and Silver

Gold bulls have a three-pronged assault force working for them: heightened geopolitical risks, bullish technical charts and notions of easier money policies coming from the major central banks of the world in the months ahead.
—Kitco’s senior technical analyst.[7]
  • Silver prices are tracing gold’s trajectory, rising steadily to smash through the psychologically important $17/oz threshold on August 8.[8]
  • Silver mining stocks followed spot silver prices higher, blasting through previous trading ranges.[9]
  • Gold-mining stocks turned bullish amid stock market volatility and geopolitical chaos, with ten logging new highs.

Commodity Super-Cycle Starting

In the short-run, the market is a voting machine, but in the long-run it is a weighing machine.
—Benjamin Graham, British-born American investor, economist, and professor[11]

Technology’s rein in the spotlight could soon come to a screeching halt. As central banks around the world battle to increase liquidity amid tight labor markets, inflation will likely rise, triggering the next commodity super-cycle.[12]

Why Gold and Silver Prices Are Soaring

What’s really playing into people’s fears is does the depreciation of the yuan signify a larger threat to the economy.
—Ryan Giannotto, director of research at GraniteShares

The impact of the economic and political problems plaguing global economics in recent years is finally being felt in the markets.

Trade War

Trade disputes between the U.S. and China escalated to the verge of a currency war as China allowed the yuan to depreciate against the dollar.[13]

Debt Bubbles

Debt bubbles are getting out of control: American household debt hit $14 trillion, about $1 trillion higher than during the Great Recession, and bankruptcy filings jumped 3 percent in July 2019 from July 2018.[14]

Recession Indicators

  • Bank of America’s global economist, Michelle Meyer, forecasts a greater than 30 percent chance of a recession in the next year. She added that three of the five economic indicators tracking business cycles (industrial production, auto sales, and aggregate hours worked) are at levels reached right before recessions in the past.[15]
  • The S. Treasury yield curve inverted on August 14 for the first time since 2007. Historically, this is a sign to investors that a recession is imminent.[16]
  • More than 30 central banks around the global slashed interest rates this year.[17] And, investors are counting on the Fed following suit: ‘Markets are pricing in a September interest rate cut at 100% at the moment, a December cut at 87% and a March cut at 70%. That would bring interest rates down to 1%,’ said Global Head of Commodity Strategy at TD Securities Bart Melek.[18]
  • There are currently more than $15 trillion worth of bonds with negative rates.[19]

Probability of Recession Peaks probability of recesssion

How Much Longer Can You Afford to Wait to Buy Gold?

Negative yields are symptomatic for the search for safe assets. The reason they’re trading at negative yields is because the demand for safe assets is bigger than the supply for them. Gold stands to benefit quite a bit from that… I would argue we are likely on the cusp of a multi-year bull market for gold.
—Daniel Ghali, commodities strategist at TD Securities.[20]

What will fuel this bull market for gold?

  • The End of Dollar Dominance
In the coming decades we think the world economy will transition from U.S. and USD dominance toward a system where Asia wields greater power. In currency space, this means the USD will likely lose value compared to a basket of other currencies, including precious commodities like gold.
—Craig Cohen, a commodities and rates strategist at JP Morgan[21]
  • Zero Interest Rates
    It’s no secret President Trump isn’t a fan of a strong dollar and high interest rates (Read “Is President Trump Telling You to Buy Gold Now?”). As the biggest debtor nation in history with the strongest major currency, the U.S. is paying $1.5 billion in interest every day. The solution? Slashing interest rates to zero (or lower!) to weaken the dollar. It’s already happening.
  • De-Dollarization
    Russia, China, and central banks around the world are snapping up gold and unloading U.S. dollars in an effort to diversify portfolios in the face of mounting global and economic uncertainty and a move away from the reserve currency (Read: “Global De-Dollarization and Diversification Drive Gold Demand and Prices Higher”).

Central Bank Dollar Selloff USD share of central bank reserves

How High Could Gold Prices Go?

We do think gold is on its way higher for the time being…Over the coming years as the likelihood of the unconventional policy becomes more of a reality, I could see a case for gold at $2,000.
—Daniel Ghali, commodities strategist at TD Securities[22]

Bank of America Merril Lynch’s metals strategist Michael Widmer agrees, forecasting $2,000-an-ounce gold by the second quarter of 2020. Central banks are buying gold. Smart money is snapping up the yellow metal. Retail investors and bulls have jumped into the market. Will you buy gold before it hits $2,000 an ounce? Learn why your window for affordable portfolio protection is closing—and fast!

Categories
Silver

Gold Prices Rising: Why Your Window for Affordable Portfolio Protection Is Closing—And Fast!

gold prices on the rise

‘If a window of opportunity appears, don’t pull down the shade.
–Tom Peters, American Author

Key Points:

  • Gold Prices Are Rising FAST! Up about 11 percent in the last 60 days, gold prices could hit an ALL-TIME high this year.
  • Supplies of Gold Coins Are Dwindling. Not since gold prices peaked in 2011 have we seen such low supplies of coins. Investors who wait until the next crash hits could end up paying a premium for portfolio protection, said an industry insider.
  • The Next Gold Rush Is Right Around the Corner. With Fed Chairman Jerome Powell expressing concern about everything from the economy to the national debt to the trade war and inflation, market conditions could soon send the masses running into gold, triggering a massive gold rush.

The time has come when rumors about the next economic downturn become realities the Fed factors into monetary policy. When gold prices hit multi-year highs and then keep going up. When scarcity grips the precious metals trade and suppliers start calling brokers in search of gold coins.

Yes, it’s here again. And, like last time, only a small band of savvy investors and smart money see through the sham of the soaring equities market, take their profits, and insure their wealth with gold to avoid high premiums.

Will you be one of them?

Gold Prices Are Rising FAST!

Gold is golden. Not only have we broken out from a year-long trading range to the upside, the path of lower rates around the [world] is going to keep the market strong. Add in a spattering of geopolitical risk factors and the yellow metal is poised to move higher.
–Phil Flynn, senior market analyst with Price Group Futures

What do you need to know about gold prices? The numbers speak for themselves:

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  • The price of gold shot to $1,422.85 on June 25, a more than 6-year high.
  • Gold prices have increased nearly 11 percent in the last two months.
  • In a recent survey, 59 percent of Wall Street pros predicted gold prices to rise, and 54 percent of the public polled did too.[1]

How high could the price of gold go? $2,000 by the end of 2019, projects President and Global Strategist of London-based Independent Strategy David Roche. His recommendation to his clients? Secure your portfolios with gold.[2]

Supply of Investment Coins Running Out

I have never seen demand so strong for investment coins while the stock market is still moving to new highs on a regular basis. Supplies of available investment coins are dwindling very quickly. I have suppliers calling me with relatively small amounts when they become available. That’s never happened in nearly 20 years I have been doing this.
–Steve Rand, Senior Advisor at SBC

U.S. Mint sales of American Eagle gold coins spiked 25 percent from May to June, and it’s the same story at SBC.[3] Gold investment coins are flying off the shelves. Suppliers are out of stock and even calling our advisors trying to find them, which is totally unprecedented. All it will take is for stock market volatility to return and the Fed to slash rates for the window of opportunity to protect your portfolio without paying a premium to close.

Gold Rush Right Around the Corner

‘Many FOMC participants saw that the case for a somewhat more accommodative monetary policy had strengthened. Since then, based on incoming data and other developments, it appears that uncertainties around trade tensions and concerns about the strength of the global economy continue to weigh on the U.S. economic outlook.’ -Fed Chairman Jerome Powell in his testimony before the U.S. House Committee of Financial Services on July 10, 2019.[4]

The Fed Chairman’s statement says it all: financial and economic market conditions are ripe for the next gold rush.

But, Powell’s words are proving dangerous for many investors. They see potential interest rate cuts as a sign to stay in an overheating stock market instead of a warning to sell and secure their money with gold. The DOW soaring to an ALL-TIME high of 27,000 points was not an indicator that equities had peaked for them. No, these investors, blinded by the optimism of a record-long bull run, think stocks could go even higher. Like last time, they’ll get burned TWICE: losing on equities and then paying steep prices for gold. Just wait and watch.

Don’t Be a Casualty of the Stock Market. Follow Smart Money into Gold NOW

disappointed stock broker

I actually believe financial markets are now poised to crumble like a sand pile.
—David Roche[5]

Will you be ready when they do?

  • Smart money is.
  • So are central banks.
  • Russia, China, and other countries know affordable gold is nearly gone, and they’re even spending dollars to snap it up, fast.

Ready to follow their lead?

We’re here to make it easy for you. For a limited time, our precious metal advisors are offering one-on-one gold buying strategy sessions. Here’s what you’ll learn:

  • Insider tips on precious metals investing.
  • Expert answers to YOUR crucial investing questions.
  • A custom designed diversification strategy that aligns with YOUR financial goals and protects YOUR portfolio.

All 100% FOR FREE.

Whenever and wherever is convenient for you: online, over the phone, or in our Scottsdale office.

Categories
Silver

Gold, silver price hiked in Hyderabad, other cities on January 13 – The Hans India

“”silver price”” – Google News

Gold, silver price hiked in Hyderabad, other cities on January 13  The Hans India

The post Gold, silver price hiked in Hyderabad, other cities on January 13 – The Hans India appeared first on WorldSilverNews.

Categories
Silver

Platinum news: what happens next in 2020? – Capital.com

“”silver price”” – Google News

Platinum news: what happens next in 2020?  Capital.com

The post Platinum news: what happens next in 2020? – Capital.com appeared first on WorldSilverNews.

Categories
Silver

Peter Schiff: Bad Monetary and Fiscal Policy Is Bullish for Gold

Is now the time to get into gold? Peter Schiff appeared on Fox Business last week to talk about it with Charles Payne. Peter said the current bull run in gold started about four years ago when the Federal Reserve started raising interest rates in 2015. Over the past four years, the price of physical […]

The post Peter Schiff: Bad Monetary and Fiscal Policy Is Bullish for Gold appeared first on SchiffGold.com.

Categories
Silver

Peter Schiff: War Is Off But Risk Is On

In his latest podcast, Peter talks about sudden silencing of the war drums, the risk that remains in the markets, the stealth bull market in gold, the risk of a socialist president, rampant economic illiteracy, inflation and more. As Peter put it – what a difference 48 hours makes. When Iran launched missiles at US […]

The post Peter Schiff: War Is Off But Risk Is On appeared first on SchiffGold.com.

Categories
Silver

Gold price today: Yellow metal dips below 39,800; sell for a target of Rs 39,450

Silver Price – BingNews

Experts are of the view that Gold prices are likely to remain volatile and in the short term, traders could go short on the yellow metal with a target of 39,450.

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Categories
Silver

Gold and silver prices fell strongly, know new rates

Silver Price – BingNews

On Monday, gold prices fell by Rs 126 to Rs 39,745 per ten grams on MCX. At the same time, the price of silver has also reached Rs 46,685 per kg with a weakness of Rs 226. Nusli Wadia accepts SC’s …

The post Gold and silver prices fell strongly, know new rates appeared first on WorldSilverNews.

Categories
Silver

Gold price today: Yellow metal dips below 39,800; sell for a target of Rs 39,450 – Moneycontrol.com

“”silver price”” – Google News

Gold price today: Yellow metal dips below 39,800; sell for a target of Rs 39,450  Moneycontrol.com

The post Gold price today: Yellow metal dips below 39,800; sell for a target of Rs 39,450 – Moneycontrol.com appeared first on WorldSilverNews.