2020-10-23

Today we are taking our weekly look at the charts for gold and silver.

Republicans and Democrats continue to play the “will they, won’t they?” game over another stimulus package in a Covid19 ravaged US economy. An agreement on a package will ultimately be seen as positive for the markets but, with the US Election just weeks away this may prove to prolong negotiations or postpone decisions until the results of the election are clear and accepted by all.

Will Gold Now Retest $1,930?

As you can see from the gold chart below, gold has rallied on positive stimulus news and pulled back as negotiations stall.

After the previous “false break” above $1,910, gold once again closed above this level which opens up a retest of $1,930. However, the short-term upward trend line is

2020-11-13

The Brexit deadline of December 31st, the date beyond which the transition or implementation period cannot be extended, now looms large and the dreaded “No-Deal” Brexit outcome looks increasingly possible by the day.

2020-11-21

“The Great Reset” is a term that we are hearing more frequently in the financial news today, but what exactly is “The Great Reset”?

In Episode 16 of The Goldnomics Podcast, Stephen Flood, Mark O’Byrne and Dave Russell discuss “The Great Reset” and how it could impact investors, what they can do now to prepare themselves and their finances and the role that gold plays in protecting your wealth.

Listen or watch the podcast here

Subscribe to The Goldnomics Podcast on Youtube or listen on iTunes or Soundcloud or wherever you consume your podcasts!

NEWS and COMMENTARY

Gold range-bound, caught between vaccine hopes and rising virus cases Wall Street edges higher on vaccine bets World shares slip as U.S. retail sales dampen vaccine euphoria

Watch Our Latest Video Update

2020-11-25

Today we are taking our monthly look at the charts for gold and silver. We have now received news of 3 Covid19 vaccines that are seeking approval following successful trials and markets have sat up and listened.

2020-12-05

In baseball, there is a situation where a base runner is sprinting to home plate and can’t see what is happening behind him. Totally focused on scoring, he doesn’t know if the outfielder is throwing a ball that will reach home plate first. That’s where we get the phrase “out of left field.” (If the ball were coming from right field, the runner could actually see it.)

2020-12-04

Governments are likely to continue printing money to pay their debts with devalued money. That’s the easiest and least controversial way to reduce the debt burdens and without raising taxes.

2020-08-16

Investment in gold has risen during pandemic. The value of gold coins and bars stored for clients by Irish precious metals broker GoldCore has surged 68pc so far this year to more than €100m.

The value of gold coins and bars stored for clients by Irish precious metals broker GoldCore has surged 68pc so far this year to more than €100m.

Gold prices last week topped the $2,000-per-ounce level for the first time as investors seek havens from the pandemic.

“We are seeing demand on a scale which has not been seen since the early stages of the global financial crisis in 2009 and we expect that to continue in the coming months,” said GoldCore CEO Stephen Flood.

NEWS and COMMENTARY

Gold loses ground as dollar firms; investors eye U.S. stimulusSilver rallies over 6%; Gold ends higher as China-U.S. tensions seen escalatingWhy Is Everyone Buying Gold?Yields hold near historic lows on economic slowdown fears

Dollar

2021-01-11

Update January 11, 2021: SNB buying euros at high prices: Sight Deposits have fallen: The change is -0.3 bn. compared to last week, this means the SNB is selling euros and dollars.