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Gold Price Outlook Remains Mired by Broader Recovery in US Yields
BySirhcGOLD TALKING POINTS The price of gold attempts to retrace the decline from the beginning of March as the US 10-Year Treasury yield pulls back from a fresh yearly high (1.62%), but key market themes may keep the precious mental under pressure as the Federal Reserve appears to be in no rush to alter the path for monetary policy. FUNDAMENTAL FORECAST FOR GOLD: BEARISH…
How Much Silver Is Above Ground?
BySirhcCourtesy of VOIMA, by Jan Nieuwenhuijs Above-ground silver stocks are an order of magnitude higher than what is widely assumed. In total, there were an estimated 1.6 million metric tonnes of physical silver above ground by late 2018. This amount is 20 times higher than what The Silver Institute discloses as “identifiable above-ground stocks,” which…
Silver Consumption in Global Automotive Sector to Approach 90 Million Ounces By 2025; Should Challenge Silver Usage in Photovoltaic Industry
BySirhcWith modern cars using more silver than ever in theiradvanced technology components, the worldwideautomotive sector could need nearly 90 million ounces(Moz) annually of the metal by 2025, according to arecently-published report by the Silver Institute.In four years, silver consumption in the automotivesector should rival that of the photovoltaic industry,forecast to reach 98 Moz in 2025,…
PRECIOUS-Gold sets sights on $1,900/oz mark as haven flows gather steam
BySirhc* Gold up more than 4% so far this week * Silver slips, but headed for best week in over three decades * Dollar index near two-year low, equities retreat (Recasts, adds comments, updates prices) By Eileen Soreng July 24 (Reuters) – Gold resumed its march toward $1,900 on Friday as an escalation in the…
Gold Strategy
BySirhcInvestors continue to find the Equity markets attractive even with no end in sight to the China and Brexit negotiations. With investors feeling confident that their investments are in good shape, safe haven investments like Gold and Bonds can be overlooked at this time. But let us not forget that in 2018 market sentiment flipflopped…
Platinum Continues To Lag Other Precious Metals; That Could Be About To Change
BySirhcThis article was written exclusively for Investing.com Gold hits an all-time high Silver’s wild ride to the upside Palladium and rhodium in bull markets Platinum could be next Lately, precious metals have been all the rage. Early Monday morning, spot gold hit an all-time high, rising above $1,933; at time of writing, gold futures are closing in on that…