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Santa Claus rally in gold and silver crowns a very good year It was a very good year for precious metals. Gold posted a nearly 19% gain and silver rose over 17%. As you can see in the chart below, the move higher began in early summer defying the annual summer doldrums, hit an impasse […]
There’s one major reason why you shouldn’t sell gold right now, strategist says Gold prices have recently hovered at seven-year highs after the U.S. killing of Iranian military commander Qasem Soleimani, which spiked tensions between Washington and Tehran in the Middle East. Analysts have been broadly bullish on gold of late, with Goldman Sachs setting […]
Don’t panic about Iran – but don’t sell your gold either “Gold has had one of its more excitable runs since the start of the year. It surged so much in the wake of the Iran airstrikes that it even drew the attention of the broadsheet financial press. So naturally, the price was bound to […]
Stocks are now more overvalued than ever per this measure “Therefore, looking at the ratio of market valuations to overall profits suggests ‘P/E ratios are some 80% above the long-term norm,’ [Ned]Davis wrote.” USAGOLD note: Ned Davis is a highly-respected Wall Street analyst. The 80% figure takes into account overvaluation resulting from corporate stock buybacks. […]
Gold's $1,500 level is 'looking like the new 2020 floor' – Scotiabank (Kitco News) Gold's strong start to the year has put prices well above the precious metal's previous hard floor of $1,450 an ounce, said Scotiabank. “$1450 was the new hard floor but gold is now firmly in a spot where the risk/reward in […]
Gold, silver gain as traders step in to buy the early dip Editor's Note: 2020 is expected to be another year of significant uncertainty and turmoil. But the question is what asset will emerge the victor when the dust settles from the global trade war, Brexit, recession threats, negative bond yields. It’s a showdown of […]
Why precious metals make sense for your IRA in the age of low to negative real rates of return The warnings from financiers and analysts on the impact of low to below zero interest rates on investment planning come almost daily. Reuters’ Toby Sterling recently told the story of a Dutch pension fund that was […]
Gold Surges Due To Troubled Fed Repo & U.S. Treasury Market Gold continues to move higher due to trouble in the Fed Repo and U.S. Treasury Market. In the first hour of business today, the Fed has already injected $57 billion in the Repo Market. While the Fed’s Repo Market injections didn’t spike during the […]
Gold and Silver Climb As Iran Attack Sends Haven Assets Higher Gold rose to a four-month high after a U.S. airstrike killed one of Iran's most powerful generals, ratcheting up tensions in the Middle East. Spot bullion climbed 0.9% to $1,542.47 an ounce. Silver rallied 1.3%, while platinum and palladium also advanced. The yen strengthened […]
Gold and silver exploding Featuring views and opinions written by market professionals, not staff journalists. Editor's Note: 2020 is expected to be another year of significant uncertainty and turmoil. But the question is what asset will emerge the victor when the dust settles from the global trade war, Brexit, recession threats, negative bond yields. It's […]