David

Domestic Silver gained 20% in 2019. Will the momentum continue? Silver always lags behind gold price performance. Historically, gold triggers the initial move in bullion complex and, eventually, silver gains traction. Silver has caught up with Gold’s momentum and ended the previous year by gaining more than 20 percent. Prices of the precious white metal in the domestic market jumped to a six-year high due to robust overseas prices and weak Indian rupee. Silver always lags behind gold price performance.…

Gold prices today rise for third day in a row, silver rates up Gold prices may remain in a range in near term, say analysts Silver prices also rose today, tracking gold Gold and silver prices edged higher today in India, tracking muted gains in global markets. February gold futures prices on MCX were up 0.20% to ₹39,761 per 10 gram, extending gains to the third day. Tracking gold, silver also edged higher. On MCX, silver prices rose 0.28% to…

Gold prices rise after 2-day skid as U.S. and China make Phase 1 trade deal official Gold futures marked their first gain in three sessions Wednesday, as U.S. benchmark stock indexes eased back from the day’s high following the official signing of the U.S.-China Phase 1 trade pact, and the U.S. House of Representatives’ vote to send articles of impeachment of President Donald Trump to the Senate. As gold prices settled, the S&P 500 index SPX, +0.19% pulled back from…

Gold prices rise today after two-day fall, silver rates jump Gold prices in India are still down about ₹1,600 per 10 gram in about a week Gold rates hit a record high last week Gold and silver prices rose today in Indian markets, snapping their recent declining streak. On MCX, gold futures rose 0.63% to ₹39,695 per 10 gram, after declining over in the past two days. Silver also followed a similar trend. On MCX, silver futures rose 0.82% to…

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 tank shortly afterwards. Which is precisely what happened this morning. If you’re a gold investor, you might be fretting that gold’s high point for 2020…

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. The investing public will largely ignore the astute Mr. Davis like all others who issue warnings about the stock market overvaluation. (Please see the post…

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 being directionally short is not favorable — $1500 is increasingly looking like the new 2020 floor…,” wrote Scotiabank commodity strategist Nicky Shiels last week. Overnight…