Gold, Silver & Other Precious Metals 17 (May 19 - Dec 24)

Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19

Postby investar » Sat Jun 22, 2019 4:16 pm

Gold futures settle above $1,400 for first time in almost 6 years

https://marketrealist.com/2019/06/key-c ... yptr=yahoo


What’s next after $1,400 for gold?

After touching the $1,400 per ounce mark, gold prices have taken a breather. However, there are many factors that are supporting gold and could keep it elevated going forward.

In Why Paul Tudor Jones Thinks Gold Could Go to $1,700 Soon we discussed that Jones’ favorite pick in the next 12 to 24 months is gold. He thinks that if gold hits $1,400 per ounce, it will quickly move to $1,700.

While such a move might seem like wishful thinking right now, if gold prices can sustainably extend the bullish pattern above $1,400 in the long term, we might see a huge upside. Gold prices have remained range-bound for the last five years and if they do push past this range, there is a major upside to be had from holding gold.

Smart money betting on higher gold prices

Big investors are also betting on gold breaking out from these levels. A large factor driving that is the expected weakness in the US dollar (UUP). Jeffrey Gundlach, for example, is bullish on gold as he expects the US dollar to end the year lower.

Accumulate gold on dips

Another important thing to note here is that gold is outperforming stocks even when stock markets are making highs. The SPDR Gold Shares (GLD) has gained 8.7% in the last one month, and the VanEck Vectors Gold Miners ETF (GDX) has amplified that return by rising 21.1% in the same period.

In comparison, the S&P 500 (SPY), the Dow Jones Industrial Average Index (DIA), and the NASDAQ Composite (QQQ) have returned 4.2%, 4.4%, and 4.9%, respectively. This outperformance by gold is also a bullish signal for the gold price outlook. Investors should keep an eye on the Trump-Xi meeting on the sidelines of the G-20 Summit, which could provide the next big catalyst for gold.

Investors should note, however, that breaking out above $1,400 per ounce doesn’t mean that it is going to be a one-way march higher for gold prices. The SPDR Gold Shares (GLD) and the VanEck Vectors Gold Miners ETF (GDX) are currently trading at the 14-day RSI (relative strength index) of 85.9 and 90.0, respectively.

An RSI level of above 70 indicates that it could be in overbought territory, so we might see a slight pullback in gold prices. In fact, investors might like to accumulate gold when it breaks to the downside to take advantage of lower prices.
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19

Postby investar » Fri Jul 19, 2019 5:06 pm

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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19

Postby winston » Fri Jul 19, 2019 8:45 pm

This Precious Metal Has Now Staged a Major Breakout

by Brett Eversole

We’ve already seen double-digit upside in gold over the last two months. But history says we could easily see another 19% return this year, too.

We haven’t seen this kind of opportunity in gold in years. Again, the metal spent nearly a decade doing nothing. It was dead money, and investors had completely written it off.

They’re getting interested again now, though. And as more folks wake up to what’s happening in the gold market, it’ll bring more investment dollars… and ultimately lead to higher prices.

This could be the start of the next major gold boom. And that means you want to own the metal now.


Source: DailyWealth.com

https://dailytradealert.com/2019/07/19/ ... -breakout/
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19

Postby winston » Fri Aug 02, 2019 9:32 pm

Silver - Lower. US$16.11 from US$16.42 from US$16.39;
a. Support: US$16.10; US$15.20; Resistance: US$18.50; High: US$49
b. LED chips, Cell Phones, Nuclear Reactors, Photography, Solar Panels, RFID Chips, Semiconductors, Water Purification, Data Storage, Antibacterial products, Silver Coins, Jewelery
c. Demand: 1.2b ounces
d. Supply: 0.9b ounces
e. 4th year of deficit
f. 35% (7700 metric tons) for Electronics
g. 25% (5500 metric tons) for Bullions & Coins
h. India imports more Silver than the US
i. JPM has 67m ounces
j. High Gold/Siver Ratio: 50 t0 70; Currently 76, 50% higher than average
k, Production declining
l. Demand: 40% Investments / Speculation; 60% Industrial
m. About 1b ounces stored in China; 1 Year Production
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19

Postby winston » Fri Aug 02, 2019 9:34 pm

Platinum - Lower; US$849 from US$869 from US$861;
a. 28% for jewelry
b. 42% for diesel catalytic converters
c. Remainder for other industrial applications
d. Huge discount to Gold
e. Sixth year of deficit
f. 10 times more gold than platinum
g. Costlier to mine than gold as located deeper
h. Diesel cars losing market share
i. 70% of supply is from South Africa
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19

Postby behappyalways » Fri Aug 09, 2019 6:34 pm

Gundlach: Gold should keep rising if negative-yielding debt keeps growing
https://finance.yahoo.com/news/doubleli ... 53602.html
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19

Postby investar » Sat Aug 10, 2019 1:25 am

Would be fun to see 1700$ gold in the fall!

Juniors have not really started to jump yet.

Risky things like ORX.V could easily increase x-fold

Junior explorers with already big proven assets like MGG.V might get taken out with hefty premiums

And stable well managed giants like WPM will post massive record profits
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19

Postby behappyalways » Sat Aug 24, 2019 4:42 pm

2019.08.18【文茜世界財經週報】經濟降溫央行降息 市場再掀掏金熱
https://www.youtube.com/watch?v=Seguhcq ... xu&index=4
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19

Postby winston » Thu Sep 05, 2019 10:47 pm

vested IN PPLT

Platinum Forecast – Prices Breaking Out

After an 8-year bear market, platinum is finally showing signs of life.

Prices are above the long-term trendline and recently settled above the 200-week moving average. The technicals support a bull market breakout.

by AG Thorson

With history as our guide, I foresee platinum reaching parity and then surpassing the price of gold.

The platinum to gold ratio slipped to its lowest level on record reaching 0.556 in August 2019.

At nearly half the price of gold – platinum was/is severely undervalued.

For reference, platinum has traded at a premium to gold about 85% of the time over the last 40-years.

In fact, in 2000, 2004 and 2008 platinum was more than double the price of gold.

Near-term, prices are coming into resistance near $1000.


Source: FX Empire

https://www.fxempire.com/forecasts/arti ... out-598380
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Re: Gold, Silver & Other Precious Metals 16 (Aug 17 - Jul 19

Postby winston » Mon Sep 09, 2019 8:16 pm

China Has Added Nearly 100 Tons of Gold to Its Reserves

by Ranjeetha Pakiam

China has added almost 100 tons of gold to its reserves since it resumed buying in December, with the consistent run of accumulation coming amid a rally in prices and the drag of the trade war with Washington.

The People’s Bank of China raised bullion holdings to 62.45 million ounces in August from 62.26 million a month earlier, according to data on its website at the weekend. In tonnage terms, August’s inflow was 5.91 tons, following the addition of about 94 tons in the previous eight months.

Central-bank purchases have been another key support for prices as authorities from China to Russia accumulate significant quantities of bullion to help diversify their reserves. That buying spree likely to persist in the coming years, according to Australia & New Zealand Banking Group Ltd.

China has previously gone long periods without revealing increases in gold holdings. When the central bank announced a 57% jump in reserves to 53.3 million ounces in mid-2015, it was the first update in six years.

Goldman Sachs Group Inc. and BNP Paribas SA are among banks that expect the metal to challenge $1,600 an ounce within the coming months.

Source: Bloomberg

https://finance.yahoo.com/news/how-the- ... 21440.html
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