The gold market is in need of a new catalyst as prices continue to consolidate around $1,900 an ounce. With the U.S. election in the home stretch, many investors are hoping a fiscal stimulus package would be the spark to ignite a new rally. In a telephone interview with Kitco […]
Market Analysis
Gold goes higher because more stimulus must come – Hug
Guest(s): Peter Hug Global Trading Director, Kitco Metals The stimulus will happen no matter who wins and that is good for metals and gold, said Peter Hug, Kitco’s head of the precious metal division. Click On The Image Below To Read Full Article And Watch The Video:
Don’t trust the gold market? Nearly half of potential new investors lack trust but there’s a solution
Lack of trust in the gold space still represents a major barrier for growth, especially when it comes to attracting new investors, according to one fintech CEO. Gold has experienced “a double perfect storm” this year as the COVID-19 pandemic exacerbated gold’s existing drivers, Goldex CEO Sylvia Carrasco told Kitco […]
Gold, silver see price gains amid rising equity markets
Gold and silver futures prices are higher in early U.S. trading Thursday. Once again, the two metals are choosing to behave like a commodity market and are following the overnight gains in global equities markets, led by the U.S. It appears gold and silver traders reckon rallying stock markets suggest […]
Gold fighting to break to the upside
After testing the recent lows of $1,850, December gold futures have been trying to breakout to the upside. $1,910 has been the stumbling block where gold has failed the last three days. The long-term trend is still short and failure to take the $1,910 level out, will bring gold back to $1,850 and possibly […]
Eric Sprott takes 2.3% stake in First Majestic Silver, valued at C$78 million
The silver market continues to heat up and one billionaire investor continues to increase his exposure to the precious metal through the mining sector. Thursday, First Majestic Silver Corp. (AG: NYSE; FR: TSX) announced a bought deal where Eric Sprott will buy 5 million shares of the silver producer, the […]
Gold, silver and platinum hold support
Gold, silver and platinum held support on Thursday, showing that they are not going straight down. However, the facts are simple: the metals are weak and have a great potential to break hard to the downside. There is no doubt that there are reasons to own gold. However, price action […]
Sustained Movement Means High Optimism for Gold and Silver Investors – Weekly Wrap Up (July 31, 2020)
Despite a pullback this week, precious metals are wrapping up one heck of a month—and the future looks even better. How good will it get? Host Craig Hemke and legendary investor Eric Sprott break down all the gold and silver news you need to plan for the months ahead. In […]