BTFD: The “Fed Put” Now Applies To Gold
With the gold market trading near the old all-time high of $1,923, one pro says BTFD because the “Fed Put” now applies to the gold market.
With the gold market trading near the old all-time high of $1,923, one pro says BTFD because the “Fed Put” now applies to the gold market.
With most everything in financial markets trading higher across the board, including stocks and precious metals, here is a look at another major gold bull catalyst, beware the banker, America’s Main Street revival has reversed, plus gold and the US dollar.
Today one of the top money managers in the world said, yes, China will likely push the price of gold above $20,000, but this is what is really stunning.
Nomi Prins, who meets with people from the Federal Reserve, IMF, World Bank, foreign central banks and high-raking government officials across the globe, just warned chaos is definitely the order of the world right now and this permanent distortion, that is our new reality.
Today the top trends forecaster in the world told King World News that President Trump being diagnosed with COVID is an unprecedented situation and he also warned it’s going to cause a lot of volatility in global markets.
Today London analyst Alasdair Macleod told King World News that bullion banks may need to be bailed out as entities standing for gold delivery just hit an all-time record.
Today James Turk told King World News that gold is continuing to put in a V-bottom as the outlook for precious metals remains bullish.
As the Metal of Kings continues to digest the massive gains from 2020, despite the occasional volatility, gold wins.
Today the man who is connected in China at the highest levels said China is not only going to continue buying gold but they are about to start buying gold mining companies.
Today the Chairman of Saxo Bank UK said investors should buy gold and expect inflation and further asset bubbles.
Just when you thought there wouldn’t be much more carnage, take a look at this economic destruction.
2020 has certainly been a difficult year but you haven’t seen anything yet because according to one of the greats in the business, investors should expect to see $4,800-$9,800 gold. And when it comes to mining stocks, the party has just begun.
With the Dow rallying along with the US dollar, China is almost back to normal, plus a look at economic destruction and good luck.
This could turn into a serious problem after the US election or even before.
Today weakness in the US dollar ignited gold, silver and miners, but this is the shocking thing about this rally.
With the US dollar trading lower, this is the next key level for gold, plus consumer confidence, monetary policy and real estate.
This chart of the day is mind-blowing.
Silver has a major underlying base, that’s a lot of pessimism, what will hold its value, inflation and deflation, plus highest level in history!
Here is a contrarian gold alert, gold now in backwardation, ominous sign for the US dollar, plus a bonus interview!
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned we will soon see the US dollar crash and a new world currency will be unleashed.
[Market Realist] – Flight-to-quality amid Greek debt renegotiations and the Chinese equity market slump has led investors to safe-haven assets, including the US dollar (UUP) and the Japanese yen.
[Marketwired] – All amounts expressed in US dollars
[Marketwired] – Entree Gold Inc. announces that it has entered into a binding Letter of Intent with Vancouver based Candente Copper Corp. to acquire a 0.5% net smelter returns royalty on Candente’s 100% owned Canariaco …
[Business Wire] – Royal Gold, Inc. announces that its wholly owned subsidiary RGLD Gold AG entered into a $175 million Purchase and Sale Agreement with New Gold, Inc.
[CNW Group] – New Gold further enhances financial flexibility with $175 million Rainy River stream
[PR Newswire] – TORONTO, July 20, 2015 /PRNewswire/ – New Gold Inc. (“New Gold”) (NGD) (NYSE MKT:NGD) today announces that the company has entered into a $175 million streaming agreement with RGLD Gold AG, a wholly-owned subsidiary of Royal Gold Inc. (“Royal Gold”). Under the terms of the agreement, Royal Gold will provide New Gold with a deposit of $175 million, to be used for the ongoing development of the