The best performing precious metal for the week was gold, but still down 1.61 percent. Gold rose on Thursday, breaking a two-day loss streak, as the U.S. dollar fell and halted stimulus negotiations sent equities lower. Bloomberg notes that spot gold rose to $1,903 after falling 2 percent on Tuesday and Wednesday. Silver and palladium also rose with gold.
In the first nine months of 2020, inflows into silver-backed ETFs nearly tripled the amount from the same period a…
With a collapse in the dollar and hyperinflation now inevitable, it is clear that the dollar price of gold will eventually skyrocket, and when I say “eventually” I am not talking about in 5 or 10 years time.
Lastly, if the market has not been making sense to you over the last 6 months, maybe it’s time to consider a methodology that has been making sense during that time?
Oddsmakers Have It Wrong: Vegas odds are currently at 2:1 against Trump, suggesting that news media's Goebbelsian campaign to portray Biden as an easy winner has succeeded.
Two year physical gold price target is still more than $2300.