Archive

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, they weren’t under the Trump Administration, I think it’s going to be hard to position themselves that way in a Biden Administration. On the other…

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 North and Central America Giuseppe Campanelli and VP of metals sales for North and Central America Tim Robinson told Kitco News. "Our customers, especially on…

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 at HSBC, said that gold will average a price of $1,965 an ounce in 2021, owing to competing macroeconomic forces; accommodative monetary policy will continue…

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 green technology, which includes solar energy, renewable energy, electric cars, are going to take a big boost from the new policies of the Administration,” Marks…

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 and I went off on a wild tangent trying to identify how the markets could react to the recent spike in price activity on Monday,…

Gold holds steady as virus wave offsets vaccine hopes Nov 13 (Reuters) – Gold prices were little changed on Friday, as fears of an economic impact due to a surge in global cases of COVID-19 countered optimism from the developments in a potential vaccine. FUNDAMENTALS * Spot gold was steady at $1,876.92 per ounce by 0044 GMT. It was headed for its worst weekly performance since late-September, declining 3.8% so far. * U.S. gold futures were up 0.1% at $1,874.50.…

Gold continues to drift lower, as traders favor risk-on assets and dollar strength Gold futures continued to drift lower, continuing the sharp decline that traders witnessed on Monday of this week. Although yesterday gold was able to recover slightly gaining $18 off of Monday sharp selloff, today traders took gold pricing back to erase those advances made on Tuesday. As of 4:55 PM EST, the most active December contract is currently fixed at $1863.50 which is a net decline of…

Economy to shut down again this winter, says Lobo Tiggre, investor who called gold price drop "If Biden is sworn in, he'll shut the economy down this winter more than Trump would have. USD goes under the bus, stagflation is likely. They'll blame COVID-19, but for once, socialism might also get some of the blame for the trouble it causes…" said Lobo Tiggre of the Independent Speculator in a Tweet made last week. Several countries in Europe are already going…

"I would be surprised if we don’t sell off" – Gareth Soloway shorts stock market Nothing has fundamentally changed in the economy to warrant a sustained rally in the stock markets, said Gareth Soloway, chief market strategist at InTheMoneyStocks.com, speaking with Kitco News at 3:45 pm EST on Monday. “I don’t believe anything major has changed. We knew a vaccine was going to come, the projections are still first quarter, early second quarter,” he said. “The same thing with Biden…

Gold price holding gains after last week’s breakout he gold market is starting the week on solid footing with modest gains following last week's nearly 4% rally. December gold futures last traded at $1,955.40 an ounce, up 0.19% on the day. Gold's humble gains after the market's Sunday evening open comes as Democratic nominee Joe Biden continues to secure his place as President-elect. Although some states haven't released their official tally from last week's election, Biden has secured enough votes…