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Nations globally begin to re-open businesses and return to the new normal It seems highly probable that North America, as well as globally that new cases of the virus will begin to diminish day by day, week by week. Globally the data suggests that the world has hit the peak of new cases of Covid – 19. To date there has been 5.17 million confirmed cases of individuals contracting the virus, deaths reported 1.99 million individuals that have recovered, and…

Gold, silver pull back on some profit-taking, normal consolidation Gold and silver prices are lower in midday U.S. dealings Thursday, on routine downside corrections following recent gains. Some profit-taking from the shorter-term futures traders was also featured today. A rebound in the U.S. dollar index today was also a negative daily element for the metals. Once again, it appears the two metals are tracking the U.S. stock indexes, which are lower at midday. June gold futures were last down $27.00…

Fed minutes reaffirms Powell's testimony which supports higher gold price The hard truth remains, economic stimulus continues to be needed as both the Federal Reserve through their monetary policy, and the U.S. Treasury through fiscal policies has ballooned, and more stimulus will likely will be needed. Today the minutes from the April FOMC meeting were released. They indicated that Federal Reserve members discussed being more transparent in regards to their future direction of interest rates. The Fed minutes coupled with…

Every time this happens, gold stocks explode – Frank Holmes Major bull rallies in gold stocks have been preceded by generalist investors rushing back into the sector, and this is exactly what is happening right now, said Frank Holmes, CEO of U.S. Global Investors. April saw historical highs in gold-backed ETF inflows, as well, record number of new online trading accounts have been opened during the last two months. “This past quarter has been a game changer. We now have…

Supply crunch pushing silver price to 3-month high All eyes are on silver as prices are starting the week with some robust follow-through buying after Friday's breakout session. In a comment to Kitco News, Phillip Streible, chief market strategist at Blue Line Futures, said that a perfect storm of increased investment demand and falling supply is expected to continue to push silver prices higher. May silver prices last traded at $17.51 an ounce, up 2.5% on the day. Sunday's rally…

$9,000 gold and triple-digit silver prices will come, but do this first – Midas Touch Consulting vid Long-term, investors can expect gold prices to climb multiple times its current value, and silver prices to rally into the triple digits, but they should not count on the precious metals to break out in the short-term. In , a correction is due and investors should take this as a buying opportunity, said Florian Grummes, managing director of Midas Touch Consulting “It looks…