Whereas previous financial crises were marked by a surge in bank failures, hardly any have gone under so far in 2020. The Federal Deposit Insurance Corporation (FDIC) reports that only 1% of FDIC-insured banks are on the “problem list” for financial weakness.
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Anyone who is planning to buy bullion and waiting for premiums to drop might want to grab the opportunity now in case prices soon zoom higher.
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GOLD PRICES dropped Monday in London as European stock markets and crude oil tumbled amid widening reports that a second wave of the deadly novel coronavirus pandemic is taking hold.
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GOLD and SILVER PRICES edged back from 1-week highs in London trade Thursday, but kept half of last night’s 1.7% and 3.4% spikes against a falling US Dollar after the Federal Reserve gave a dire forecast for the world No.1 economy’s recovery from the Coronavirus pandemic and shutdowns.
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We’re in the grip of a severe deflationary collapse, widely predicted ahead of time. This has been an ongoing development and has been picking-up speed since the major cycle turn of December 2015. Hard data actually points to the major cycle turns between 2002 and 2003 when data…
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GOLD PRICES recovered more of last week’s 2.6% plunge in Asian and London trade Tuesday, rallying to what was a new 7.5-year Dollar high in April at $1715 per ounce as industrial commodities fell back, longer-term interest rates fell, and world stock markets retreated after Wall Street’s S&P500 index of US corporations rose back to New Year 2020’s level
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The price of silver dropped to $12.02/oz on March 18th and gold bottomed at $1,473/oz. The bullion banks – notorious for their concentrated short positions – might have made a killing. But that isn’t what happened…
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GOLD PRICES sank to 4-week lows at $1681 per ounce in London trade Friday, losing over $45 for the week as major government bond prices also fell, pushing interest rates higher, following a shock jump in the US government’s employment estimate.
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Just when it seemed as though we were on a path to reopening and gradually returning to normalcy… just when the prospects of panic-induced social unrest seemed to be behind us… America’s cities erupted into flames.
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GOLD and SILVER prices slipped and rallied in London trade Wednesday after the two precious metals’ largest New York-listed ETF investment trusts expanded for a 5th session running.
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Protests egged on by the legacy media quickly devolved into large-scale riots and looting over the weekend in more than a dozen U.S. cities. Some important institutions have betrayed the public trust, and Americans facing quarantine and staggering unemployment have arrived at the boiling point.
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GOLD PRICE gaps between London and New York whipped violently once more on Thursday, cutting what was a $100 premium for Comex futures contracts in March to a $10 discount per ounce as US warehouses continued to see fresh deliveries.
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The Virus, the economic lockdowns, and the multi-trillion-dollar rescue efforts of central bankers have dominated markets over the past three months – but as lockdowns gradually lift and the 2020 election draws nearer, investors will begin to focus more on political developments.
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GOLD PRICES rallied on Friday in London, cutting the week’s earlier 1.5% drop against the US Dollar to just 0.5% as Western stock markets struggled again despite fresh government and central-bank stimulus to boost the world’s post-Covid recovery as relations worsened further between the top 2 economies, the US and China.
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The silver market is on the move. In fact, it’s finally moving out ahead of other precious metals and showing some real leadership. The question for investors now is whether the recent rally in silver is fleeting or sustainable
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SILVER PRICES erased the last of this spring’s Covid Crisis plunge in London trade on Wednesday, very nearly recovering the US Dollar level of New Year 2020 as gold snapped 2 days of gains to fall back to last week’s closing price.
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GOLD ETF prices steadied with bullion quotes in London on Tuesday, trading at the equivalent of $1733 per ounce after dropping hard from fresh multi-year and new all-time record highs against the world’s major currencies on news of a potential medical breakthrough in stemming the global pandemic
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Unfortunately, shady coin dealers are out in force, trying to capitalize on our current financial situation. We can see it in the proliferation of these dealers advertising on TV and radio with their celebrity spokesmen…
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GOLD PRICES climbed to the highest US Dollar value in nearly 8 years and set fresh all-time highs against most other major currencies on Monday as central banks warned of a protracted economic slump from the Virus Crisis, with more ‘extraordinary’ monetary policy needed to offset it.
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GOLD BULLION headed for new record weekend finishes for Euro and UK investors on Friday, challenging 8-year highs in US Dollar terms as world stock markets rallied against new record lows in medium-term US interest rates.
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Foodflation is registering at the checkout lines of your local grocery store – and in a bigger way than has been seen in decades. Many bullion dealers are also struggling despite surging demand for their products…
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Gold and silver markets are inching closer to embarking on new uplegs. Silver outperformed last week and appears to have the momentum behind it to lead a fresh precious metals breakout.
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GOLD PRICES rose Thursday lunchtime while initial jobless claims showed another 3 million American filing for unemployment benefits and Donald Trump threatens to terminate phase one trade deal with China.
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Market sentiment has fundamentally changed. If you keep waiting and hoping for a return to last year’s prices with low premiums and plentiful supply, that’s what you’ll be doing… waiting and hoping.
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Today the number of ounces of silver it takes to buy one ounce of gold is at 113 – very close to those highs – and metals investors are wondering whether or not opportunity is knocking.
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Investors across the world are moving into precious metals to protect themselves against the currency and monetary system debasement that is taking place globally, but what are the metals that hold the most exciting investment return potential?
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The reality today is that not only have precious metal prices recovered, especially gold which continues to hover around $1700-1750, but demand for physical gold coins, has exploded to levels most sellers have never experienced.
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GOLD PRICES headed for their lowest weekly close in 4 in London on Friday, erasing the last fortnight’s gains to trade at $1676 per ounce as stock markets also fell in Asia, the UK and the Americas.
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