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Greetings! Hope your Friday is going fabulously. In today’s G&S Central News, we have some reports on prices—silver, gold, and rhodium. Two of the three are forecasted to offer substantial growth in the future—all three should see higher prices as the economy continues to be shrouded in uncertainty.
Let’s dig in…

Commentary
How Rhodium Will See Substantial Growth in Upcoming Years
This exclusive report from Data Intelo takes a deep dive into the Rhodium market of 2019, and the findings that forecast substantial growth for Rhodium in coming years. The report includes an overview that interprets value chain structure, industrial environment, regional analysis, applications, market size, and forecast. This is the latest report, covering the current COVID-19 impact on the market. This report focuses on the Global Rhodium Market trends, future forecasts, growth opportunities, key end-user industries, and market players. The objectives of the study are to present the key developments of the market across the globe.
GET A PDF OF THE SAMPLE REPORT FOR FREE ([link removed])
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Stock Market
Why Precious Metals are “Whipsawed” the Week Before Labor Day
According to this Kitco News interview with Peter Hug, Global Trading Director of Kitco Metals, so many families are busy with last minute summer activities and preparing for the fall season, that the numbers of precious metals traders drops dramatically the week before Labor Day. Hug was videotaped on Wednesday, when October gold futures traded down $35.40 to $1, 935.40. "During the last week of August, leading up to Labor Day, trading tends to be very, very thin. Lots of people are organizing their kids for school and trying to take advantage of the last week of [unofficial] summer. It doesn't take a lot to move the markets," said Hug.
Watch Video ([link removed])

Price
The Bitcoin-Gold Connection Grows Stronger, Reaches Multi-Year Highs
Bitcoin has a history of going north when other assets go south, or south when other assets go north. In other words, it has historically been negatively correlated with all other assets. However, a new correlation with gold has started to appear—and the “partnership” is getting strong enough that some investors are starting to call bitcoin “digital gold.” READ MORE ([link removed])
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Price
Silver Set to Keep Climbing Up Towards $30.72
Key Quote: “Silver is hovering not far away from its upper consolidation range at $29.84, and with a multi-year base in place and with the market still well below its record highs this remains seen as a temporary breather ahead of a fresh move higher in due course, with resistance seen next at $30.72 and eventually we think more meaningfully and what is our base case objective at $35.23/35.365, which is the 61.8% of the entire 2011/2020 bear trend and key price resistance from September 2018.”

READ MORE ([link removed])

Economy
Bank of England had This to Say About Gold
A Bank of England policy maker named Gertjan Vlieghe has come out with a warning for investors: don’t look at gold prices as a predictor of inflation. Doing so, according to Vlieghe, is a “terrible idea.” Investors have been turning to gold in droves this year as massive government spending worldwide to counter the coronavirus economic shutdown will push inflation higher. “If you look at previous episodes where the gold price is very elevated, you realize very quickly that gold is a terrible predictor of inflation,” Vlieghe said. READ MORE
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Commentary
Which Precious Metal is the Most Stable Currency Long Term?
Precious Metals expert Jan Nieuwenhuijs thinks the answer is gold. And he explains why he thinks gold’s purchasing power is stable and outperforms any other currency with some helpful graphs HERE ON THE VOIMA BLOG ([link removed])
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Thanks,
Gold Silver Central

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