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Gold & Silver Market Analysis for Monday 27th September
Kinesis Macroeconomic Analysis
Uncertainty is – once again – one of the keywords for the week ahead, in a scenario that could be supportive of the gold price.
In Germany, the election left a relatively complicated puzzle to solve. Analysts are forecasting that the creation of a new government coalition could take months.
In Asia, Evergrande’s financial trouble is far from being resolved, with the $300bn indebted Chinese estate company risking failure to repay its loans.
The United Kingdom is experiencing a temporary fuel shortage, with many petrol stations closed, as the lack of lorry drivers supplying gas to petrol stations is becoming a mainstream matter. Additionally, the new Covid-19 variants are continuing to spread in all continents. Despite this, stocks started the new week in green. Read More
Morgan Stanley say silver might be a better inflation hedge than gold
In the latest commodities report from economists at Morgan Stanley, the bank looks at the key differences between the gold and silver markets. They kick off by saying, as we edge toward a post-pandemic world, many investors are looking for ways to prepare for future uncertainties. A solution for some may include investing in precious metals, such as gold and silver.
The bank split the points up into 5 key areas: Read More
Gold near steady as U.S. government spending hurdles loom
Gold prices are near steady in midday U.S. trading Monday. Some mild some short-covering by futures traders and mild safe-haven buying ahead of key U.S. government spending events that occur late this week are being offset by gold’s bearish near-term technical posture. December gold futures were last up $0.40 at $1,752.20. December Comex silver was last up $0.265 at $22.69 an ounce.
Focus this week is on U.S. government spending. President Biden’s infrastructure package is set for a House of Representatives vote on Thursday, while the U.S. government’s funding will expire at midnight Thursday, which if not extended, would shut down part of the government Friday. Some anxiety in the marketplace could surface late this week if it appears the U.S. government could partly shut down. Read More
Abrdn launches new base metals ETF and still sees potential for gold
Gold still remains an important risk hedge in a portfolio, but base metals could provide the best potential for investors, according to one investment firm.
Monday, Aberdeen Standard Investments, under a new brand abrn announced the launch of a new exchange-traded product that follows the Bloomberg Industrial Metals Total Return Subindex (BCIM) and tracks the performance of aluminum, copper, nickel, and zinc.
In a telephone interview with Kitco News, Steven Dunn, Head of ETFs at abrn, said his firm sees multi-year potential for the four industrial demands as growing demand outstrips supply. Read More
Gold, Bitcoin: Expect more pain before major gains – Chris Vermeulen
Both Bitcoin and gold prices have more consolidating to do before moves to new all-time highs happen, said Chris Vermeulen, chief market strategist of TheTechnicalTraders.com.
“I think gold is trying to put in a base. I think it’s going to try to range here before $1,700 and $2,000 until the end of the year, and next could be a very big year for gold,” Vermeulen told David Lin, anchor for Kitco News. Read More
Gold has multiple factors and events to glean insight into the future direction
The gold market will continue to keep its focus on the Federal Reserve. The recent FOMC meeting statement and updated monetary policy in regards to interest rates have contained any large moves in gold. The net result of a more hawkish Fed has resulted in a major uptick in the yields of 10-year Treasury notes, which is also supportive of the U.S. dollar. This week the Federal Reserve will continue to remain in the news with major speeches by Fed officials, including the chairman as he testifies before Congress. His testimony could shed insight into the central bank's monetary policy and the current response by the Fed to the pandemic. Read More
Robert Kiyosaki warns of 'giant' October market crash as he holds gold, silver, bitcoin
A massive market crash is coming in October, that's according to Robert Kiyosaki, the best-selling author of 'Rich Dad Poor Dad'.
Kiyosaki's warning of a potential U.S. stock market meltdown comes with some investment advice — hold on to your gold, silver, and bitcoin positions and use cash to bargain hunt.
"Giant stock market crash coming October. Why? Treasury and Fed short of T-bills. Gold, silver, Bitcoin may crash too," Kiyosaki tweeted Sunday. "Cash best for picking up bargains after crash. Not selling gold silver Bitcoin, yet have lots of cash for life after stock market crash. Stocks dangerous. Careful." Read More
Gold and silver are trading flat ahead of the European open
Gold and silver are trading marginally lower heading into the European open. Gold is trading at $1748/oz while silver is at $22.57 respectively. In the rest of the commodities complex, copper is 0.35% higher while spot WTI is 1.19% in the black. Read More
Ep.48 Live from the Vault: 500:1 Silver to backfire!
This week, Andrew Maguire shares word of yet more refinery shortages and reveals the impetus for the next silver rally.
The precious metals expert explains the recent gold and silver market volatility and offers an update on the ongoing race to exit unallocated gold contracts by year’s end.
Andrew Maguire offers his take on the Fed’s hawkish announcement and, as ever, shines a spotlight on the footprints the bad actors have left on the market.
Disclaimer: The opinions expressed in this video of Andrew Maguire and any guest, do not purport to reflect the official policy or position of Kinesis.
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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.
