Kinesis money

Stocks, gold price bounce back; buy or sell now? Gary Wagner answers Gold rallied more than 1% on Monday, bouncing back from last week's declines. Equities markets are also seeing gains. Gary Wagner, editor of TheGoldForecast.com, said that he prefers to buy into strength. "Gold is up $18 [an ounce]. The most important takeaway for me is not so much the current high, but the intraday low that it hit in trading earlier this morning when it touched down the…

Gold price to end the year at $2,000 – Capital Economics In a report published last week, commodity analysts at Capital Economics said it expects gold prices to end the year higher after raising its year-end target. Samuel Burman, assistant commodities economist at the U.K.-based research firm, said in the report that they now see gold prices end the year at $2,000 an ounce and they see prices ending 2021 at $2,100 an ounce. The new year-end target is up…

Gold and silver have worst weeks since March on rising dollar Gold and silver posted their biggest weekly losses since March, when the global onset of the coronavirus pandemic panicked markets. Increase ad revenue 50-250% with Ezoic The dollar gained as concern over the outlook for global economic growth bolstered the appeal of the currency as a haven, sapping demand for gold. Fears are mounting that rising coronavirus cases, particularly in Europe, may lead to more national lockdowns, denting the…

Gold price outlook from third largest miner in the world, Polyus Despite the recent slowdown in gold jewelry demand and tapering of central bank buying, the price of gold is not expected to see major changes and substantial volatility in the medium term, said Pavel Grachev, CEO of Polyus, the third largest gold miner in the world, based in Russia. “We still believe the factors that generated the gold rally so far continue to persist and we do not expect…

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…