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

[investar]

2022!



Silver: 26

[winston]

vested

Could Gold Reach $7,000 by 2030?

by Arkadiusz Sieroń

In the 2000s, gold was rallying together with other commodities and with its own input cost base, which cannibalized the margins.

But the current gold’s rally is more monetary-based than commodity-based, which supports gold prices but remains cost inflation limited.

Gold simply sees inflation coming in 2021.

Source: FX Empire

https://finance.yahoo.com/news/could-go ... 20066.html

[behappyalways]

View on gold and silver.

台股再戰"萬三"？蘋果概念股受疫情影響處弱勢發展 黃金現貨價格飆漲將面臨"高風險區"？│主播丁士芬│【iStock盤前解析】20200806│三立iNEWS
https://m.youtube.com/watch?v=WYpGrMNcsDU

[behappyalways]

Gold Collapses Below $1,900 as Rout Extends Into the Second Day
https://www.bloomberg.com/news/articles ... second-day

[behappyalways]

中國挖角台積電百人部隊！人才出走股民恐慌台積電市值跌破11兆元 專家分析:不須擔心人才流失問題│主播丁士芬│【iStock盤前解析】20200813│三立iNEWS
https://m.youtube.com/watch?v=JlfIvTczbJg

[winston]

Aug 12, 2020

Silver Loses 15% in One Day – Who Cares?

By Peter Krauth

Silver just dropped from $29 to $24.40 in a single day. That’s more than 15%.

I pointed to the gold-to-silver ratio, which had, at the time, reverted from an all-time high of 124 to 1, to 87.4 to 1. I said, “And with the ratio still well above 80, odds are it has even further to run.”

Silver looks like its first level of support sits around the $23 level. I think it’s likely we’ll get to at least there in this correction. If it breaches $23, then the next support comes in at $19-$20, followed by $18.

Silver is the most reflective and conductive metal around, and is indispensable in the latest tech, solar panels, semiconductors and so on. It’s also naturally anti-bacterial.

Despite silver’s gut-wrenching selloff, the downside is likely not over.

More importantly, silver will bounce back and probably set new highs for the year. My target on the upside is for silver to reach $34 by year’s end.

Source: Investing.com

https://www.investing.com/analysis/silv ... -200533842

[behappyalways]

Berkshire slashes Wells Fargo, JPMorgan stakes; adds Barrick Gold
https://www.reuters.com/article/us-inve ... SKCN25A2RM

[winston]

Gold bulls everywhere, but pros are getting worried it’s now overvalued

By Sam Ro

“Suddenly, everyone wants to talk about gold,“ billionaire investor Jeffrey Gundlach said in a recent webcast.

All the forces gold bulls warn of seem to be pointing in the right direction: ultra easy monetary policy, massive federal spending, a weak dollar, and concerns that all this means inflation down the road.

Credit Suisse analysts recently raised their price target on gold to $2,500/oz, calling the whole narrative a “perfect storm” for the precious metal.

“We see plenty of upside on the gold price and view the correction as a buying opportunity,” Credit Suisse’s Andrew Garthwaite wrote on Friday. “We think policy stays loose (especially fiscal) until unemployment falls to much lower levels in the US, which this time around generates some inflation...”

Furthermore, they see demand rebounding from both consumers and institutions.

“Nearly half of gold demand is jewelry and this fell 46% in 1H but is likely to recover as GDP recovers,” Garthwaite added.

“Central banks account for 15% of gold demand and their purchases fell by nearly 40% in 1H. We think central bank buying will increase sharply.”

One of the more notable moments in gold’s current bullish run is Berkshire Hathaway (BRK-A, BRK-B) taking a stake in gold miner Barrick Gold (GOLD). The move surprised many as Chairman Warren Buffett and Vice Chairman Charlie Munger have publicly trashed gold for years.

All that said, the pros are starting to get worried.

According to Bank of America’s monthly fund manager survey, a net 31% of respondents believe gold is overvalued, up from 0% a month ago. The survey also found that long gold ranked as the second most-crowded trade in the financial markets (behind long U.S. tech stocks).

And so, maybe gold isn’t as attractive as it was a month ago. Even gold bulls like Gundlach expect there to be more “short-term reversals.”

But for now, many analysts and investors seem to think the long-term outlook remains bullish for gold.

Source: Yahoo Finance

[winston]

Right Now is a Fantastic Time to Own Gold

by Dr. Steve Sjuggerud

Conditions are set up for a multiyear rally in gold prices.

Don’t allow yourself to miss it.

Source: DailyWealth.com

https://dailytradealert.com/2020/08/19/ ... -own-gold/

[winston]

Gold Forecast – The September Breakdown in Gold is Beginning

by AG Thorson

Futures hit $1983.80 on Wednesday and turned immediately lower.

Next, we expect a collapse below $1900 to trigger the next 6-month low and subsequent buying opportunity.

Gold should continue its way lower and break support surrounding $1900 by late September or early October.

The gold bulls have defended $1910 – $1920 aggressively throughout August and September.

When that area finally gives, it could produce a sharp collapse below $1900.

Our ideal target for the 6-month low surrounds $1750.

Source: FX Empire

https://finance.yahoo.com/news/gold-for ... 46280.html