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Peak in gold price? Precious metal to drop below $1,650 in next two years, says Westpac Gold's record high of $2,070 an ounce was likely the peak, at least for now, according to Westpac, which sees gold dropping below $1,650 in the next two years. Risk aversion has peaked, and so has the gold price, […]
Gold’s big question: Can the bull market outlive a pandemic? Gold’s record-breaking bull market is facing an existential question after this month’s pharmaceutical breakthroughs: what happens to the rally once Covid-19 vaccines start rolling out? Gold is viewed by many as the archetypal haven asset, inevitably driven higher in times of turmoil. By that […]
Is gold price in a zero-sum game? Here's the catalyst needed to go higher Is the gold market stuck in a zero-sum game as the positive vaccine news is balanced out by high levels of anxiety due to the surging coronavirus cases? "Investors continue to reassess the risk of stricter containment measures against the optimistic […]
Sentiment is mixed leading into the EU session Gold and silver are once again under pressure leading into the EU session. In the yellow metal, the stubborn consolidation low of $1848.84 is still holding but it seems vulnerable to a downside break. Silver also has a support level at a technical trend line but also […]
Gold price ‘death cross’ – sharp drop signals are flashing warns Gary Wagner The 100-day and 50-day moving averages for gold have just crossed following months of a consistent differential, and this pattern is indicative of a "sharp drop" down in the gold price, said Gary Wagner, editor of the GoldForecast.com. “When the short term […]
Gold fund manager 'fully invested'; inflation, geopolitical risks to remain The gold market is experiencing a crosswind of economic forces, but the main tailwinds of inflation and geopolitical risks are still intact, said Sean Fieler, CIO of Equinox Partners. “I don’t think the Republicans are going to be aggressively in the business of cutting spending, […]
Miners are taking advantage of higher gold price, more projects kicking off in Q4 – Metso Outotec Mining companies are taking advantage of higher gold prices this year, especially when it comes to silver and gold projects, according to Metso Outotec. More new projects are starting to take off in Q4, Metso Outotec's President of […]
A 'sober' 2021 gold price target; say goodbye to 'phenomenal' drivers – HSBC's Jim Steel 2020 has seen a “phenomenal” inflow of gold-backed exchange-traded funds, fueling an investment-led rally, but while ETF inflows are still expected to be strong, 2020’s level of inflows would be hard to keep up. Jim Steel, chief precious metals analyst […]
These industries to skyrocket in growth from ‘boost in new policies’ The future lies in clean energy and clean transportation, and technology companies surrounding those themes will benefit investors, said Howard Marks, CEO of StartEngine, an equity crowdfunding platform. “Entrepreneurship is still a very good area for investment, anything to do with technology. I think […]
Gold’s Momentous Rally From 2000 Compared To SPY & QQQ – Part I We have illustrated the longer-term cycle patterns that originated from an anchor point in 2000 and the real appreciation in Gold compared to other assets. Chris Vermeulen Chris Vermeulen 12 hours ago (Nov 13, 2020 05:34 PM GMT) Gold My research team […]
