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In today’s Gold and Silver Central news, we have a forecast on global gold production and what we can expect to see happen in the mining industry over the next 9 years. We also discovered that one State’s retirement fund for law enforcement is adding gold as an option to diversify portfolios. And in stock market news, we found some new trade data from analysts on gold that includes speculations on the yellow metals gross long positions.
Let’s dig in…

Latest News
Forecast: Global Gold Production Will Rise Significantly by 2029
Fitch solutions came out with a report that is garnering buzz in the precious metals community because of the increase in global gold production that the report forecasts: global gold production will increase from 106moz in 2020 to 133moz by 2029—which is an average annual growth of 2.5 percent! The report points out these results would be an significant increase above the 1.2 percent average growth over 2016-2019. In the market analyst’s view…
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Latest News
Ohio Pension Fund Adds Gold Allocation to Hedge Risks
A law enforcement retirement fund called the Ohio Police and Fire Pension Fund ($16 billion) just approved a 5% allocation to gold so customers of the fund an diversify their portfolio and hedge against the risk of inflation using gold. The OPF move comes as gold’s climb to an all time high this year helps win over...
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Stock Market
Hedge Funds Still Lukewarm on Gold, Hot on Silver
Analysts are seeing the latest trade data reflecting a yellow metal that is struggling to find momentum as hedge funds liquidating their long positions and increasing their bullish bets. The CFTC (Commodity Future Trading Commission) disaggregated Commitments of Traders report for the week ending on August 25—the data showed money managers reduced their speculative gross long positions in Comex gold futures by 5,961 contracts to 145,055. At the same time, short positions rose by 2,628 contracts to 58,206. During the survey period, the long liquidation helped to push gold prices to… READ MORE ([link removed])
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International
India Goes Digital with Gold & Jewelry Sales During Pandemic
Digital sales for jewelry and gold has picked up recently in India as the coronavirus pandemic continues on. One thing that sparked the sales has been retailers transitioning to new technologies that offer online shoppers an augmented reality experience along with video calls with store staff. Most of the country’s jewelry stores are open now since the lockdown ended, however, customers are still wary about visiting stores. That is why many retailers have begun offering augmented reality shopping to promote contactless selling, with video calls included, endless aisle and…

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Commentary
Here’s Why “No One Should Be Short on Gold”
Jeffrey Christian of the CPM Group discusses whether or not you should be buying gold as the markets remain volatile. Short term? Long term? Here’s what he had to say: SEE VIDEO
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Commentary
Why Do Humans Turn to the Yellow Metal in Times of Crisis?
A gold toilet now worth $5 million was stolen from the Royale Palace in England. The pricey potty is still missing a year later… This is just an example of how gold still seduces people as it has for centuries—and the yellow metal recently rose in price over $2K/ ounce for the first time ever. The COVID-19 pandemic is keeping the global economy “uncertain”, and that’s why gold continues to be looked at as an investment option more than ever before. READ MORE ([link removed])
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