Over the past year, the gold price has moved from roughly $1,400 an ounce to over $2,000 per ounce. Markets need time to rest or pullback after such a big move to provide strength for the next move up. As the gold price settles down waiting for the next stimulus package, it’s a great opportunity […]
Tag Archives: gold price
Gold prices have gone up 10% over the last two months. Economic uncertainty and global currency devaluations have pressured investors to seek alternative investments. You may have heard that central banks around the world say they are ready to continue dropping interest rates. This keeps the printing presses on high speed in one form or […]
European investors are fleeing Euro banks and flocking to gold, which is at an all-time high in Euro and British Pound.
On July 19 of this year, the price of gold on the spot market hit a key milestone, trading above $1,400 for the first time since 2013. This milestone brought gold back into the spotlight among financial analysts and many have called this the beginning of a rare bull market in precious metals. It has […]
Last week was the 75th anniversary of the Bretton Woods agreement. The agreement was collapsing in the 1960s and finally ended during the 1970s when the US abandoned the gold standard. Since then the price of gold has risen to over $1,350 an ounce from the value at the congressionally set price of $35 per […]
Central bank financial repression policy leaves savers around the world with few choices. Last week the price of gold soared to a five year high after central banks around the world indicated they would push interest rates lower and print more money to keep interest rates low. Essentially either pushing savers to or keeping them […]
According to reports in the media, late Friday senior officials from President Trump’s administration confirmed that Iran had fired a surface-to-air missile late in the day on Thursday at an American drone flying over the Gulf of Oman. The missile fell into the Gulf and there was no damage. However, military officials have been saying […]
Last week the World Bank warned that global growth is slowing. At the same time, central banks around the world have signaled they are ready to start the printing presses again in one way or another. Also, recent comments from a Federal Reserve official about rising levels of corporate debt and financial stability (possible debt […]
At Midas Gold Group we often encourage investors to take some positions in the industrial metals market. Purely industrial metals include platinum, palladium, and rhodium. All three of these metals, Platinum Group Metals (PGM), derive a significant part of their demand from the auto industry where they are used in catalytic converters to reduce emissions.
In a semi predictable economic environment, gold price forecasts from some of the major investment banks have been accurate. In early 2018, Citi projected gold to end the year at $1,270; Goldman Sachs projected $1,275 around the same time. These projections were extremely accurate. In 2019 Citi and Goldman see gold prices hitting $1,350 and […]