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Goldman Sachs has a new blowout forecast for gold
BySirhcCritical information for the U.S. trading day A weaker day is setting up for stocks on Tuesday, as optimism over U.S. stimulus progress and vaccine news starts to fade, and attention turns to the start of a two-day Federal Reserve meeting. The asset that stole the show on Monday, of course, was gold GCQ20, 0.69%, which climbed to…
How Are Gold And Money Supply Related?
BySirhcM1 and M2 Money Supply numbers are surging. Will gold follow? Let’s investigate an alleged relationship between gold and M2, a measure of money supply in the US. Let’s also investigate what’s happening with M1, a more narrow measure of money supply. READ MORE
Challenging the Dominance of the US Dollar: BRICS and the Gold-Backed Currency
BydyannWhat’s fast becoming the largest economic union in the world has just announced a new gold-backed currency aimed deliberately at replacing the US dollar. We are going to find out what’s happening, why it’s happening, and what it all means for a rising and very real new world order. – The upcoming BRICS summit in South Africa…
Ray Dalio Fears “Scary Situation” For Global Economy Due To Fed Impotence, AI Adoption
BySirhcHaving warned in the past that central banks’ ability to reverse an economic downturn is coming to an end (just as the global economy enters what he says are the late stages of the long-term debt cycle), Billionaire hedge-fund founder Ray Dalio warned today that the global economy is under threat from an explosive mix of…
Gold: Set to test $2300 over next 12 months – Citibank
BySirhcAnalysts at Citigroup have revised up their gold-price forecasts across the time horizons, given the latest relentless rise in the yellow metal to fresh record highs of $1981.34. Key quotes “Still further to go, short-term target $2,100, then $2,300 in 6 to 12 months.” “Prices seem biased to stay higher for longer, with 2019-2020 emerging…
PODCAST: Juan Carlos Artigas, Head of Research at the World Gold Council, on why gold still glitters in 2021
BySirhcEpisode Description Gold was one of the market winners of 2020 (with one of the lowest drawdowns over the course of the year), aided by a heightened risk environment, low interest rates, and strong price momentum, factors that show no signs of de-materializing anytime soon in 2021–not even with Bitcoin adherents making a counter-appeal as…