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

Re: Gold, Silver & Other Precious Metals 17 (May 19 - Dec 22

Postby winston » Sat Nov 14, 2020 9:36 pm

Gold Prices: Yesterday’s Rally Put Our ‘Trade of the Decade’ on Sale

Here's why it's worth buying the dip

By Eric Fry

If we see another trillion-dollar stimulus plan from Congress, we’ll see even more downward pressure on the dollar.

In other words, both politicians and the Federal Reserve will be providing tailwinds to the gold market as we head into 2021.


Source: Fry's Investment Report

https://investorplace.com/2020/11/gold- ... 6OJc9o/h4=
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Re: Gold, Silver & Other Precious Metals 17 (May 19 - Dec 22

Postby winston » Thu Nov 19, 2020 10:50 am

vested in GDX

Gold Miners Are Primed for a Triple-Digit Rally

by Dr. Steve Sjuggerud

The Fed’s low interest rates and easy-money policies are in place for the coming years. Higher inflation is nearly certain. This should drive the gold boom. And that means betting on gold miners is the right call.

It’s all happened several times throughout history. And I’m betting it’ll happen again this time around.

If you want to make that bet too, you can easily do it with the VanEck Vectors Gold Miners Fund (GDX). It holds a basket of gold mining stocks. And with gold prices booming, it’s easily positioned for a triple-digit boom.


Source: DailyWealth.com

https://dailytradealert.com/2020/11/18/ ... git-rally/
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Re: Gold, Silver & Other Precious Metals 17 (May 19 - Dec 22

Postby winston » Thu Nov 26, 2020 8:26 am

GLD: Get Ready For A Reversal And New All-Time Highs

by SomaBull

Summary

I believe that GLD is hitting a low for this correction either today or tomorrow.

GLD is now retesting its 200-day, and this level should act as reliable support just like in the previous bull market.

I feel the timing is good for the reversal to take place.

I believe this is another incredible buying opportunity in GLD and the mining stocks and I'm now ramping up exposure again.

Source: Seeking Alpha

https://seekingalpha.com/article/439151 ... nt=link-13
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Re: Gold, Silver & Other Precious Metals 17 (May 19 - Dec 22

Postby winston » Mon Nov 30, 2020 6:15 pm

Trading recommendation:

For gold, we advise to accumulate at the current level and exit at US$1,900/oz.

For silver, we advise to long at US$22.9/oz, and exit at US$25.5/oz.

Source: KGI

https://www.kgieworld.sg/securities/res ... 201127.pdf
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Re: Gold, Silver & Other Precious Metals 17 (May 19 - Dec 22

Postby winston » Fri Jan 01, 2021 10:36 am

SLV Could Rally Over 30% In 2021

Summary

SLV is a strong choice for many investors and traders due to its ample liquidity and moderate expense ratio.

Technical factors suggest that short-term price movements will continue to the upside.

Seasonality and momentum each suggest that silver will continue rallying over the next 2-12 months.

Source: Seeking Alpha

https://seekingalpha.com/article/439648 ... nt=link-10
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Re: Gold, Silver & Other Precious Metals 17 (May 19 - Dec 22

Postby winston » Tue Jan 05, 2021 8:45 am

Is 2021 the Year to Buy Gold or Silver?

by Paul Ausick

Saxo see rising industrial demand for silver to meet green energy requirements as the driving force behind the expected increase in silver prices.

The adoption of the European Green Deal, a European Union initiative that has the goal of making Europe climate neutral by 2050, is nearing a decision on a budget of $2.1 trillion through 2027, including a $920 billion pandemic-recovery package.

Silver is an important component of solar photovoltaic (PV) cells, the basic bits of solar panels.


Jewelry demand for gold totaled 904 tonnes for the first nine months of last year, compared to 1,532.8 tonnes in 2019. The decline was more than offset by a year-over-year increase in demand from exchange-traded funds and similar investment products, from 375 tonnes in 2019 to 1,003.3 tonnes last year.

Demand from central banks was about half its 2019 level in the first nine months of last year.

Gold demand from technology is relatively flat year over year at around 220 tonnes, as is demand for bars and coins at around 625 tonnes.


Source: 24/7 Wall Street

https://247wallst.com/commodities-metal ... or-silver/
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Re: Gold, Silver & Other Precious Metals 17 (May 19 - Dec 22

Postby winston » Sat Jan 09, 2021 11:26 am

Gold, silver tumble with higher yields dimming metals’ appeal

by Justina Vasquez & Eddie Spence

The dollar erased losses amid higher 10-year Treasury yields, which are raising the prospect of a pause in the currency’s recent slide.


Source: Bloomberg

https://www.theedgemarkets.com/article/ ... als-appeal
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Re: Gold, Silver & Other Precious Metals 17 (May 19 - Dec 22

Postby winston » Wed Jan 13, 2021 12:55 pm

Chart Patterns Suggest Gold Prices Are Headed Higher

By CASEY MURPHY

KEY TAKEAWAYS

Spot gold prices are trading near major levels of support. Active traders could turn to exchange-traded funds (ETFs) such as the SPDR Gold Shares (GLD) in anticipation of a bounce higher.

Small-cap gold mining companies such as Yamana Gold Inc. (AUY) are strongly correlated to shifts in gold prices, which suggests that this group could be of interest over the days and weeks ahead.


The Bottom Line

Precious metals such as gold and the associated miners will likely be of growing interest to active traders over the weeks ahead. Nearby levels of support such as long-term trendlines and 200-day moving averages will likely be used by these traders when determining the placement of buy and stop orders.

Some long-term traders may want to see several consecutive closes below these support levels before selling because the uptrend is still intact from a longer-term perspective.


Source: Investopedia

https://www.investopedia.com/chart-patt ... m=referral
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Re: Gold, Silver & Other Precious Metals 17 (May 19 - Dec 22

Postby winston » Mon Jan 25, 2021 8:03 am

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Gold maintaining its shine

By CECILIA KOK

Spot gold is presently trading between US$1,860 and US$1,870 an ounce. That’s a decline of about 10% from its all-time high of US$2,075 an ounce in mid-August 2020.

GS maintains its 2021 gold price target of US$S2,300 an ounce, while Citibank expects the commodity to move towards US$2,100 an ounce over the next six to nine months, before moderating in 2022.

DBS Bank says that the precious metal can trade above US$2,000 an ounce in 2021, given its US dollar depreciation view. It sees the potential of gold price to hitting US$2,300 an ounce this year.

Key drivers for gold performance in 2021 will depend on several factors, including economic expansion, interest rates, relative currency strength and capital flows.


Source: The Star

https://www.thestar.com.my/business/bus ... -its-shine
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Re: Gold, Silver & Other Precious Metals 17 (May 19 - Dec 22

Postby investar » Mon Jan 25, 2021 9:16 pm

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