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In today’s news, gold continues its up and down trajectory—there are so many factors at play affecting gold’s price. 2020 appears to be made for gold investors…or is it? Some money managers are getting nervous about the yellow metal now…meanwhile, we also look at palladium, which is continuing to be a hot commodity after its surprising performance in 2019. All this and more.
Let’s dig in…

Latest News
Gold Crashes (Again) as Dollar Defies Fed
On Wednesday, gold prices crashed once again in response to the US dollar jumping up—which was not what the Federal Reserve forecasted in their latest meeting minutes. The price tumble sent the yellow metal down to $1950 an ounce—unable to stay above $2,000 once again. Benchmark December gold futures on Comex settled down $42.80, or 2.1%, at $1,970.30, sinking further after the release of the Fed minutes for July. Just a day earlier…
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Economy
Why Money Managers are Nervous About Gold
Now it seems like there are gold bulls all around us, however, that doesn’t mean every bull is carefree and without concern…There are reasons why some of the professionals are getting worried—according to Bank of America’s monthly fund manager survey, a net 31% of respondents believe gold is overvalued, up from 0% a month ago. The survey also found that long gold ranked as the second-most-crowded trade in the financial markets (behind only long U.S. tech stocks). This is making gold less attractive than it was a month ago. Even gold bulls like...
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Commentary
How Gold Rides the Wave of Fear & Uncertainty
People outside of the financial realm are even aware of gold’s price spike this year—although most folks don’t really understand why this is happening. Oh sure, some will mention the “weak U.S. dollar” or “low bond yields.” Writers in the financial press like to include a few other factors like “central bank reserves” management, along with mining production and “jewelry and industrial demand.” This headline seen in the mainstream news was pretty close to the most accurate conclusion: “Fear and Cheap Money Send Gold Price Soaring.” What would make this even more accurate would be to edit the headline, so it doesn’t say “fear and” but fear of cheap money. CONTINUE READING TO FIND 7 KEYS TO GOLD PRICE FORMATION ([link removed])
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Commentary
Gold Could Get a Boost IF the Presidential Election Results are Disputed
To help their clients plan ahead, UBS advised clients in a Monday note on how to prepare for a contested election result in November. Looking back at the precedent of the 2000 presidential election, we saw stocks take a tumble over the first few days with a wave of volatility. Safe-haven assets including gold and Treasuries will gain over the same time period, as investors park cash in stable positions. Stock market strategists have a history of advising their clients how to invest before a U.S. presidential election, and UBS has begun prepping for a contested result.

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Commentary
Why Palladium is Now the Most Precious of Metals
From the Cision PR Newswire – August 18, 2020: “2019 was a surprising year for palladium, an important component in electronics and catalytic converters, but it appears that 2020 may be even a better year for the precious metal. Recent articles in various news outlets, are almost uniform in their projections, for example in a recent Washington Post article: "Why Palladium Is Suddenly a More Precious Metal" while Bloomberg, opined: "Why Palladium Is Suddenly the Most Precious Metal". (emphasis added). Either way, it appears the path of palladium in 2020 should continue to lead to higher highs.” READ MORE
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Latest News
Scotiabank to Pay Over $127 Million for Precious Metals Price Manipulation
From Reuters: “The bank of Nova Scotia (BNS.TO) has agreed to pay more than $127 million to resolve a series of U.S. regulatory charges, including over an alleged price manipulation scheme involving unlawful trading of precious metals futures contracts, the bank said on Wednesday.” What does the settlement include? FIND OUT HERE ([link removed])
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Gold Silver Central

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