David

Watch out for these 3 gold price risks as most volatile quarter approaches The gold price is encountering extreme turbulence as fall kicks into full gear. Here are the top three biggest risks the gold market is facing during this most volatile season, according to analysts.   1. Another massive equity selloff… rush to cash One of the biggest drivers for gold will be the equity market. Gold is likely to trade higher when stocks are up and fall lower…

Financial markets and precious metals meltdown, as U.S. dollar trades higher As of 4:00 PM EST the equities markets are closing for the day and still settling. Today’s market action can best be described as brutal, with all three major indices and the entire precious metals complex trading dramatically lower. Currently the Dow Jones industrial average is trading 510 points lower, and currently fixed at 27,147.24. The Dow was down well over 800 points before slightly recovering in the last…

Gold price begins the week in positive territory as analysts eye new U.S. election risk, dollar, and Fed speakers The yellow metal is beginning the trading week holding above $1,950 an ounce as analysts eye new U.S. election risk, the U.S. dollar and a slate of Federal Reserve speakers. Last week, gold was able to eke out a nearly 0.5% gain while largely trading in a range between $1,950 and $1,975 an ounce. This marked a second consecutive weekly gain…

Advice for gold investors – go on holiday There is relatively little exploration activity in Latin America compared to Canada and U.S., said Paul Harris, Kitco's special correspondent, on Friday during Kitco's podcast. Harris was joined by editor Neils Christensen and mining audiences manager Michael McCrae. Special guest was Nathan Tribble, VP of exploration at Gatling Exploration (CVE:GTR). Gatling owns the Larder high-grade gold project in Northern Ontario. Larder is host to three high-grade gold deposits along the Cadillac-Larder Lake…

Gold price is flashing a 'very good sign' – Peter Hug It's a "very good sign" that gold has consolidated between a support level of $1,925 oz and $1,975 an ounce for the better part of two weeks, said Peter Hug, head of Kitco’s precious metal division. "The fact that people are not selling into a market that isn't as frenetic as it was a month or six weeks ago indicates to me that this market is setting up for…

Gold prices to average above $2,000, Silver to average above $30 through 2024 Gold and Siver’s imp[resive rally this summer is just the start of the precious metal bull market, according to one Canadian Bank. In areport published Tuesday, commodity analysts at CIBC upgraded their gold and silver forecasts for the rest of the year into 2021. The analysts said that they see gold prices averaging the third quarter around $1,925 an ounce. The average goes up to $2,000 for…

Gold to outperform silver into year-end, $4K gold price not ruled out by 2023 – Bloomberg Intelligence Gold is looking to outperform silver into year-end, according to Bloomberg Intelligence, which is not ruling out $4,000 gold by 2023, noting that the gold bull rally is just beginning. After breaking $2,000 an ounce level, gold has been stuck in a trading range between $1,930 and $1,980 an ounce. But despite the several-week hiatus from major price action, gold will still do…

Gold/silver – all eyes on the Fed this week It was a rangebound week for gold futures by remaining well inside the bullish "falling wedge pattern" while at the same time, major equity indices fell 10% off their contract highs led by an overheated tech sector. Remember, when markets go parabolic, volatility rises; therefore, you need to reduce your long positions from a tactical portfolio management strategy while increasing your short positions because we know a correction is just around…