(Kitco News) The gold and silver bull market is in its early stages, and it is already looking to be one of the most volatile bull runs, according to Chancery Asset Management founder Thomas Puppendahl. The COVID-19 outbreak was just “one snowflake that let the avalanche come down,” Puppendahl told […]
(Kitco News) — Equities of gold-mining companies still appear undervalued based on a historical comparison of where they were trading relative to the price of gold during the last bull-market cycle, said Caesar Bryan, portfolio manager of the Gabelli Gold Fund (symbol GOLDX for AAA shares and GLDIX for institutional class of shares). Meanwhile, […]
With the electric vehicle sector established in China, Europe looks poised to see the same due to a program designed to kick-start the automotive industry after COVID-19 disruptions. The COO of Pilbara Minerals, Dale Henderson, spoke to Kitco on Wednesday. Pilbara Minerals is an Australian lithium-tantalum producer. The company is […]
(Kitco News) With the Federal Reserve’s response to the COVID-19 crisis, gold prices are likely to near $1,900 with the potential to go up as high as $3,000 an ounce, according to Edison’s latest gold report. This outlook is based on the projections that the coronavirus crisis is a protracted […]
(Kitco News) — Building on Friday’s momentum, gold prices are starting the week on a strong note and are pushing back to within striking distance of critical resistance at $1,800 an ounce. August gold futures last traded at $1,771.70 an ounce, up 1% on the day. According to market analysts, gold is […]
(Kitco News) — Turkey’s central bank has become the world’s biggest official-sector buyer of gold, said Commerzbank. Analysts cited data from the International Monetary Fund showing that the Turkish central bank upped its gold reserves by 890,000 ounces to a record 21.28 million in May. “This equates to purchases of just under […]
The unthinkable is becoming ever more likely. The end of US dollar dominance and the beginning of some new form of global monetary system will soon be upon us. It was bound to happen at some point. The story of reserve currencies is long and stretches far back into ancient […]
Gold has been moving up the last couple of days and has reached the first resistance of $1,730 in the June futures. The pattern looks ready to break out out to the upside and may be reversing the recent pressure it has be under. Remember, gold has been consolidating with […]
(Kitco News) — The gold market is starting the week, holding critical support at $1,700 an ounce. Still, some market analysts warn investors that prices could be heading lower in the near-term as market sentiment is shifting. Gold prices are trying to start the week on a positive note after seeing last […]
(Kitco News) — Huge spreads are occurring in the gold market Tuesday with pricing for futures contracts far above spot prices. Also, earlier in the day, nearby futures were more expensive than deferred, a sign of strong demand in any commodity market. Just before noon EDT, one price vendor was showing spot […]