kinesis money system

Gold price makes a comeback – Russia ditches U.S. dollar, gold stocks best buy since 1980s After dropping more than $40, gold is making a comeback following another disappointing jobs report out of the U.S. Here's a look at Kitco's top three stories of the week: 1. Bitcoin is a substitute for copper, not gold – Goldman's top commodity analyst Cryptocurrencies are risk-on assets, which is why they are more closely aligned to commodities like copper and oil. "There is…

Gold, silver dinged by heavy profit taking; Friday's trade now key Gold and silver prices are sharply lower in midday U.S. trading Thursday, on heavy profit-taking pressure and weak long liquidation in the futures markets. Gold prices hit a two-week low today and silver prices a three-week low. Strong gains in the U.S. dollar index today played a part in the metals markets’ sell off. Bulls can still argue today’s price action was normal corrective pullbacks in existing price uptrends…

Gold and silver move lower leading into the European session Gold and silver have both moved lower overnight heading into the European session. Gold is trading half a percent lower at $1898.39/oz while silver has lost -0.88% to trade at $27.87/oz. Copper has also fallen -0.30% and spot WTI is the only major commodity to hold its head above water to trade 0.63% in the black. Risk sentiment overnight was pretty decent as the Nikkei 225 (0.39%) and ASX (0.59%)…

Gold price to hit $4,000 in 3 years, real inflation is at 12 % – Frank Holmes Inflation is rising out of control and investors should hold cryptocurrencies, gold and real estate to protect their wealth, said Frank Holmes, CEO and CIO of U.S. Global Investors, and executive chairman of Hive Blockchain Technologies. In an interview with Kitco News' Editor-in-Chief Michelle Makori, Holmes, whose firm manages more than $4 billion in assets under management, said that inflation is significantly understated.…

Gold and silver edge higher leading into the European open Gold and silver are trading higher after both mtals had a good Asian session. The yellow metal is 0.20% up trading at $1906/oz while silver trades at $27.94/oz. In the rest of the commodities complex, copper has moved 0.14% in the black along with spot WTI which trades 0.27% higher. The risk sentiment was pretty poor as the Nikkei 225 fell -0.99% and the ASX dropped -0.25% but the Shanghai…

Gold's big strides and its ultimate $10K price target Gold is making some big strides, rising above $1,900 an ounce for the first time since January. And gold bulls now want to see the $2,000 an ounce gold price target happen. Some of the main triggers behind the move are a weaker U.S. dollar and crypto volatility. Here's a look at Kitco's top three stories: 3. Central banks’ interest in gold is heating up. The International Monetary Fund data show…

Both gold and copper have had two months of stellar performance With extremely different fundamental events influencing both gold, a precious metal, and copper, an industrial metal, both metals in terms of percentage gains had absolutely stellar performances over the last two trading months. In an odd way, the core root behind the massive upside moves in both copper and gold are a byproduct of the same event. The massive recession and economic contraction, which began in March 2020 led…

Golds gains over $100 this month With only one more trading day in the month of May, gold futures have precariously clung just below $1900 per ounce. Today gold futures basis the most active June 2021 contract traded to a high of $1906.50 and a low of $1890.80. With the first notice day occurring tomorrow there will be many who are long June gold either exiting the trade and taking profits, or rolling over to the next most active month…

Gold breaks above $1900, before breaking back below $1900 after NYC close Yesterday gold futures closed at $1899.90 after trading to an intraday high above $1901. As trading resumed in Australia, it seemed that gold prices were trying to form a base above that elusive key psychological level. The high in trading last night took gold futures basis the most active June 2021 contract to $1913.30. However, those gains would be short-lived as the market moved back below $1900 as…