Tag Archives: precious metals

Will Gold Price’s Next ‘Big Move’ Soar To $2,400 Or Collapse To $1,600? – Chris Vermeulen

The short-term momentum for gold is skewed to the downside, and Chris Vermeulen, chief market strategist said that a support level of $1,810 could be tested before the next ‘big move’ upwards begins. However, if prices continue to trend below $1,810 an ounce, gold could fall all the way to $1,600. 0:00 – Vaccine news impact on gold 5:00 – Equities 8:30 – Gold: support levels and long-term forecast 16:14 – Junior gold miners __________________________________________________________________ Kitco News is the world’s #1 source of metals market information. Our […]

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Gold Price Plummets $100, Can It Go Lower? Pfizer, Travel Stocks Soar, Zoom Tanks

Gold price dropped $100, or 4.5% on Monday as Pfizer announced that its COVID-19 vaccine is 90% effective. The S&P 500 climbed 2.9%, the Dow is up 3.8%, and the NASDAQ is up only 1%, dragged down by companies that benefit from the work from home culture, like Zoom (-12%) and Netflix (-4%). Peter Hug, global trading director of Kitco Metals, said that these moves factor in expectations that are a bit ‘premature’. __________________________________________________________________ Kitco News is the world’s #1 source of metals market information. Our videos […]

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U.S. Debt Will Double to $40 Trillion in 7 Years – Gold Will Soar

Speaking at the New Orleans Investment Conference recently, Brien Lundin, the editor of Gold Newsletter, President and CEO of Jefferson Financial, said the price of gold will likely to do the same at the end of 2017 as it did at the end of 2015 and 2016. That means the Federal Reserve will hike rates in December, and will be a catalyst to push the price of gold up in 2018. An increase in the gold price is “inevitable,” according to Lundin. The obvious reason for that […]

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