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There is so much uncertainty in the air with the election stakes, the coronavirus pandemic, civil unrest, and the economic impacts all these factors are bringing to everyone’s pocketbook. According to one analysis we have for you today, everything going on is creating a perfect time to buy precious metals. Be sure to check out his reasons, along with another analyst who says there are two factors going on now that will rally precious metals hard after the election.
Let’s dig in…

Latest News
Debt Campaigners Call on IMF to Provide Debt Relief Through Gold Sales
Debt campaigners are calling for the International Monetary Fund to sell some of its stockpile of gold to cover the debt payments owed by the world’s poorest countries for the next 15 months. With a looming developing world debt crisis high on the agenda at this week’s annual meetings of the IMF, the Jubilee Debt Campaign (JDC) said gold sales would help the most vulnerable countries cope with the Covid-19 shock and pave the way for a broader debt deal. The IMF holds 90.5m ounces of gold, or 2,814 metric tons, worth about $175bn (£134bn) at current prices. A sharp rise in the price of the precious metal means that…
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Commentary
Here are Two Reasons Why Precious Metals Will Rally Hard After Election—No Matter Who Wins
As the Presidential Election closes in, anxiety keeps going up for all U.S. citizens. Meanwhile, the rest of the world is watching with their own sense of dread, as they too will be affected by the outcome. In this SPROTT MONEY commentary, there are two things coming down the pike for sure, regardless of the election outcome—these two things will ramp up fear and uncertainty, and these outcomes will also drive up the prices of precious metals.
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International
Physical Gold Sold at Premium in India as Jewelers Bank on Key Festivals
Physical gold was sold at a premium in India this week for the first time since mid-August as jewelers stocked up, hoping key festivals would bring customers back to stores. In October, India will celebrate Dussehra and then in November Diwali and Dhanteras. These festivals are sacred to the Indian people and gold jewelry has a spiritual component to the holidays. “Industry is banking on festivals for demand revival. Jewelers would be happy even if they manage to sell 50% of the last year,” said a Mumbai-based dealer with a bullion importing bank. Dealers charge premiums of…
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Commentary
Will Oil Refinery Shutdowns Prompt Platinum Blowout?
While many of platinum’s industrial end-uses have remained relatively robust during the pandemic, petroleum platinum demand has taken a big hit and is expected to contract by more than 50% this year. With travel grounded for several months owing to the pandemic and the coronavirus continuing to weigh on economic activity, global oil demand is expected to fall by 8.4 mb/d to 91.6 mb/d in 2020 (source: IEA). Platinum catalysts are the key active agents in reforming crude oil to produce high-octane gasoline. Catalysts can have up to a 10-year life before recycling but require regular top-up, which, along with new capacity, accounted for around 230 koz of platinum last year.

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Commentary
This is the Perfect Environment for Gold Buying, Says Precious Metals Analyst
"There are so many reasons to own gold. I mean, there are more catalysts for gold right now, than there are hairs on my head," he said. "If you were the God of gold and you designed an environment that was conducive for gold, you couldn't dream up any more of a perfect environment than what we have right now." Gold has been caught in a broad trading range for the last two months, but one precious metals analyst said that a laundry list of fundamental factors supports the market. In June, Jeff Clark, Senior Precious Metals Analyst at Goldsilver.com, recommended that… READ MORE
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Latest News
Dundee Precious Metals Had a Banner Q3 of Gold Production
(Kitco News) - Dundee Precious Metals (TSX: DPM) reported healthy gold production in the third quarter, and it is on track to meet the high end of its guidance for 2020. In a press release Friday, the junior gold miner said it produced 79,800 ounces of gold between July and September. At the same time, the company produced 9.2 million pounds of copper. "DPM remains on track to meet its previously issued guidance for 2020 at each of its operations and is tracking to the higher end of its 2020 guidance for gold production." The company said in the press release. "Our operations continue to perform extremely well and delivered another strong quarter of production in the third quarter," added David Rae, President and CEO. "Our impressive performance year-to-date reflects… READ MORE ([link removed])
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