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Gold & Silver Market Analysis for Wednesday 20th October
Kinesis Money Gold Analysis - It is clear that investors are waiting for Eurozone CPI data. For now, it is possible to say that the scenario remains supportive, as buyers are strongly active each time that price falls to $1,760.
Yesterday, we saw another quick rally to $1,782, but the price did not manage to continue its rebound, correcting slightly in the final part of the day. Overall, bullion is being traded just a few dollars below, in a scenario that still appears supportive.
Kinesis Money Silver Price Analysis - Like gold, silver is offering positive signals to investors, as the price is holding above the crucial level of $23.5 with a spot price in the region of $23.8. Yesterday we saw a spike that would permit gold to jump above the 24 dollar mark.
In the last few weeks, we have seen a proper inversion, as investors rediscovered the precious metal, which appeared “cheap” after the falls of August and September. Read More
Gold trading in Moscow could increase after London deal
The world's second-biggest miner (Russia) is set to have a boost to its gold trading exchange after it was announced that Moscow and London will unite. The deal means that Russian producers of the yellow metal can sell directly on its exchange using London market prices with big banks like JPMorgan Chase & Co. and Credit Suisse Group AG providing substantial liquidity. The good news does not stop there as there could be plans to add the same system in Shanghai next year. Read More
Ex-FBI Chris Voss reveals the best negotiator of all-time and how to "end up a billionaire"
Difference: Negotiating As If Your Life Depended On It." He has previously worked as a hostage negotiator for the FBI.
Voss reveals to David Lin, anchor for Kitco News, who he considers to be the best negotiator of all time, and why these life lessons are essential to success in business, politics, and one's personal life. Read More
Fresnillo CEO says Mexico's mining situation 'unfavorable'
The chief executive of Mexico's top precious metals miner Fresnillo on Wednesday described the current government's policies as "unfavorable" for the key industrial sector.
Mexican President Andres Manuel Lopez Obrador's government has been criticized by the mining industry for its policy of no new concessions, as well as what has been described as unprecedented regulatory delays. Read More
Gold, silver rally on inflation worries, friendly charts
Gold and silver prices are solidly higher near midday Wednesday. Concerns about rising inflation are prompting buying interest in the hard asset metals. Also, the technical postures for both precious metals have turned more bullish recently. December gold futures were last up $13.80 at $1,784.20.December Comex silver was last up $0.202 at $24.10 an ounce. Read More
Inflation, inflation, inflation
In real estate, many agents and investors say the three most important things to the value of a property are location, location, location. A similar case can be made for gold with one of the keys and most important elements to price changes being inflationary pressures. Today it was concerns about inflationary pressures that took gold moderately higher. While a weaker dollar did provide some tailwinds adding to today's gains in gold, the dollar was only down by 0.128 points, or -0.14%, and fixed at 93.60. Read More
The U.S. dollar 'as we know it' will be dead in 10 yrs, bitcoin price to hit $2 million in 5 yrs
A monetary system collapse is coming, and the trigger will be raging inflation, said Lawrence Lepard, Equity Management Associates managing partner.
"We've reached peak debt and peak money printing as a solution to our problems. The growth of the money supply has almost gone vertical," Lepard told Michelle Makori, editor-in-chief of Kitco News. "And this is how inflation, which could become hyperinflation, gets started."
The system is broken and needs a reset, Lepard stated, noting that the U.S. dollar "as we know it" will collapse during this decade. Read More
Gold and silver are mixed heading into the EU open
Gold (0.16%) and silver (-0.12%) are heading into the EU session mixed. This comes after another solid day of trading on Wednesday. The yellow metal trades at $1784/oz while silver has moved to $24.24/oz. In the rest of the commodities complex, copper has fallen 1.55% and spot WTI has dropped half a percent. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or other advice.
