Metals News
Ultimate gold price target is $5,000-$10,000, says Guggenheim’s Scott Minerd
As chaotic price swings of the crypto world push investors back into gold and silver, the precious metals will start to build momentum, with the ultimate gold price target set at $5,000-$10,000, according to Guggenheim’s CIO Scott Minerd.
Read MoreRecord Rhodium Prices Drive Rise in Catalytic Converter Thefts
Corona Virus direct affect on US and Global economy.
Read MoreAnalysts deliberate whether auto manufacturers can tolerate high rhodium prices
Corona Virus direct affect on US and Global economy.
Read MoreUrgent Buying Opportunity: Palladium is the new Rhodium!
Are you sure you want to wait? It may too late! After a brief anomaly with Palladium holding its price while the stock markets crash, it’s finally showing a brief buying opportunity. Take a look at this chart by Jim Wyckoff showing the bulls have solid overall near-term technical advantage and regain power this week.…
Read MoreRhodium Catalytic Converter Use and South African Social Unrest
Rhodium used within catalytic converters triggers platinum and palladium to reduce some of the most of harmful chemicals – catalyze the oxidation of hydrocarbons. Fighting pollution becomes important with tightening of the pollution laws, the more cars for made, the more rhodium is needed. Catalytic converters have been an integral component of automobiles for many years to facilitate…
Read MoreGold price pushes above $1,600 – Coronavirus and Other News That Drive Gold
“If we think about it in percentage terms, to imagine gold making a new all-time high sometime in 2020 doesn’t seem like such a stretch,” says John Roque, a technical analyst with Wolfe Research in New York City. Investors who didn’t own gold in 2019 could be kicking themselves after an 18% rise in prices…
Read MoreJim Rickards: The Four Main Catalyst For Gold
The Federal Reserve would like to continue “normalizing” interest rates. But the most recent economic data simply does not justify it. On Sept. 29, the August core PCE year-over-year (YoY) inflation figure was released. And the data came in exactly as I expected. YoY inflation for August was just 1.3%, down 0.6% from the January…
Read MoreTrump discovered a 100-year-old secret that Feds don’t want you to know.
R: Hello Mr. Viera, Thank you for this interview today. What do you make of Donald Trump’s statements about our national debt and likely default? V: Good Morning, Rebecca. Donald Trump needs to be careful about what he says, recently he got in trouble for mentioning a well-known truth that you really can’t talk…
Read MoreU.S. Loses $309 Billion To China In 2016
Last Thursday, President Donald Trump held the first meeting about the trade deficit with China. The parties in attendance could not come to any sort of agreement, and each party even made independent statements at the closing of the meeting. After the meeting, a protocol was finalized to allow the U.S. to ship rice to…
Read MoreA Great Opportunity to Stack Up on Gold
Jim Rickards contact “Goldfinger,” a gold industry insider, first clued us into an important gold flow reversal happening. You might recall their live broadcast. In the months just before that meeting in Zurich with Goldfinger, over 170 tons of gold flowed back into London. Instead of coming out of London, into Switzerland, and then heading…
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