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Inflation/Deflation: The Economy Is An Elephant
BySirhcThis is the key dynamic of the economy going forward: defaults on debt, declining wealth as assets are relentlessly repriced lower and sharp declines in income due to layoffs and debt defaults. The economy is like an elephant surrounded by blindfolded economists and pundits: what each blindfolded person reports about the elephant depends on what part…
Gold Will Beat U.S. Stocks in Turbulent Market, Strategists Say
BySirhcGregor Stuart Hunter, Bloomberg News (Bloomberg) — Gold and U.S. stocks could part ways during a fresh round of market turbulence, ending a three-month period in which their returns were almost yoked. Renewed deterioration of the global economy and more lockdowns to prevent Covid-19 from spreading should hit equities but leave gold standing, according to Societe…
Silver Price Analysis: XAG/USD seems poised to retest multi-month high, north of $24.00
BySirhcSource: By Haresh Menghani Silver catches fresh bids on Tuesday and rallies to the $24.00 neighbourhood. The technical setup favours bulls and supports prospects for additional gains. A break below the $22.80 confluence is needed to negate the positive outlook. Silver gains strong positive traction on Tuesday and rallies to a fresh daily high, back closer…
Why is this billionaire predicting gold could hit $5,000?
BySirhcYou can add another billionaire to the bullish gold camp as Thomas Kaplan, chairman and chief investment officer of Electrum Group said in a recent interview with Bloomberg that gold is on the cusp of a new decade long bull market. In a preview clip of the interview Kaplan, who is also chairman of Novagold…
Game Over?
BySirhcAuthored by Sven Henrich via NorthmanTrader.com, What happens if you toss $97.9B in liquidity at an extended market and it sells off anyways? Maybe nothing, but maybe everything. The unholy alliance surely has succeeded in elevating asset prices in recent weeks, indeed prices have exceeded the level I suggested as a potential key target in April in Combustion, 3102 on…
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…