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It’s Friday! And we are ending the business week strongly here with six solid news items for you. Today we look at gold futures, President Trump’s effects on gold prices, silver continuing to outperform gold, what the gold mining industry needs to become more profitable for investors, and more.
Let’s dig in…

Stock Market
Gold Futures Looking Bullish with Fiscal Stimulus Coming
Here is a key quote from this article: “Traders consider the passage of another round of stimulus to be bearish for the dollar and also inflationary, two bullish conditions for gold. As the dollar declines, it takes more dollars to buy the same amount of gold, and some see gold as a better store of value when inflation is on the rise. However, a lack of compromise may leave gold bulls waiting for another catalyst and prices may continue to languish.”
SEE THE ENTIRE ARTICLE ([link removed])
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Commentary
Is President Trump Good for Gold or Not?
In this FREE Degussa Market Report, they take a deep dive into the Donald Trump effect on gold. Did you know that since Donald J. Trump was elected the U.S. President on November 3, 2016, the price of gold has increased by 52 percent? Also, the S&P 500 stock market index has increased by 66 percent, while the U.S. dollar exchange rate has fallen by about 6 percent. So the question is this: Does President Trump directly influence the financial markets and commodity prices? Is this question reasonable?
TAKE A DETAILED LOOK TO FIND THE ANSWER HERE ([link removed])

Price
Why the Grey Metal Keeps Outperforming the Yellow Metal?
It could have been technology stocks such as Amazon and Zoom, of course; or government bonds; or cash; or a property, preferably in the countryside. As the Covid-19 crisis rippled around the world and locked-down economies crashed into one of the worst recessions ever recorded, there were plenty of different ways investors might have tried to ride out the storm. But there was one asset they could easily have overlooked, and yet which would have outperformed almost any of them: silver.
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Economy
Central Bank Demand Tracking and Tracing in August
In August, central banks switched from net buyers to net sellers for the first time in around a year and a half. Global central banks sold a net 12.3 tons (t) during the month, continuing this year’s trend of a slower pace of accumulation compared to recent years. Monthly net sales are not unheard of – we have seen it on five separate occasions since the start of 2016, although the decline in August 2020 is the largest drop over this period. Despite the most recent data, we remain firm in our expectation for central banks to remain net purchasers for 2020. Global central banks have accumulated…

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Stock Market
Gold Mining Industry Still Needs to Consolidate, Says CEO
Barrick Gold Corp.’s top executive says the gold industry needs more consolidation so it can increase exploration to boost depleting reserves, lure more generalist investors and improve efficiencies. The flurry of deals that characterized the sector in the past two years will likely continue, with miners in Australia already “stamping their mark” on the industry, Chief Executive Officer Mark Bristow said in a virtual South African mining conference. Mergers and acquisitions are likely to dominate the sector in Africa, and are needed in Canada, where the world’s second-largest gold miner is based. “The industry still needs further consolidation,” Bristow said Wednesday. “Canada still needs more… READ MORE
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Latest News
Swiss Refiner Comes Clean on Sourcing Gold from Risky Areas
In a rare interview, PX Precinox CEO Philippe Chave defends his company’s record in Peru and says abandoning artisanal miners is not the way to achieve more sustainable and transparent mining practices. READ THE INTERVIEW ([link removed])
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Thanks,
Gold Silver Central

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