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On this Tuesday, many analysts appear to be sticking to their bullish ways when it comes to gold. Goldman Sachs now says they will not budge on their bull forecast for gold and are expecting the price to climb significantly higher than $2,000 per ounce. Also, Jim Rickards calls the case against gold “bogus” and we have his article for you where you'll see his case as to why he is also remaining bullish on gold. All this and more from Gold and Silver Central—your daily precious metals news.
Let’s dig in…

Commentary
[VIDEO] Gold’s Nuclear Winter Ends
On Palisades Gold Radio, John Hathaway sat down and delivered an enlightening interview (as the listener comments testify). Mr. Hathaway is a Portfolio Manager of Sprott Hathaway Special Situations Strategy and Co-Portfolio Manager of the Sprott Gold Equity Fund. John discusses traditional portfolio weightings and why they no longer work. Bonds today are return-free risk, which opens the door for gold since something must replace bonds. Some large pension fund advisors are considering gold as a risk mitigator. He discusses the supply of debt and why interest rates must remain at these levels. Debt to G.D.P. could easily reach 160% in the coming year or two. This and much more!
WATCH VIDEO ([link removed])
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Price
Goldman Sachs Will Not Budge on Bullish Bullion Forecast
Last week, a report was released by Goldman Sachs. In this report the investment bank stated they will maintain their 2021 gold price target of $US2,300 an ounce as they see some back and forth on the horizon between positive vaccine news and the still prevalent risks of further economic damage from additional waves of the virus. Gold prices ended Friday on Comex up around…
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Commentary
Let’s Look at Long Term Rewards and Short Term Risks At Play with the U.S. Election, the Global Economy and Gold
The U.S. Presidential election two weeks ago has commanded the attention of markets, and much of the world, for months. Gold has not been immune to this. Gold prices have risen sharply since June and July. Part of the strength was uncertainty and concerns about the election outcome. Even so, a host of other factors clearly have been involved, and these should not be ignored, over-looked, downplayed, or forgotten. The election is largely behind the markets now. It seems almost certain that the Democrat Joe Biden will be the next president, and it seems most likely that the Republicans will maintain control of the Senate. This will result in…
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Commentary
Jim Rickards: The Bogus Case Against Gold
“Gold is in the early stages of its third great bull run that will take it to record heights. The first two great bull markets were 1971-1980 (gold up 2,200%) and 1999-2011 (gold up 760%). After peaking in 2011, gold fell sharply from that peak to below $1,100 per ounce by 2015. Now the third great bull market is underway. It began on December 16, 2015, when gold bottomed at $1,050 per ounce at the end of the 2011-2015 bear market. Since then, gold is up significantly, but it’s small change compared to 2,200% and 760% gains in the last two bull markets. Still, most mainstream economists dismiss gold. They call it a barbarous relic and say it has no place in today’s monetary system. But today, I want to remind you of the three main arguments mainstream economists make against gold and why they’re dead wrong.”

HERE IS WHY GOLD STILL MATTERS ([link removed])

Price
HARAEUS PRECIOUS APPRAISAL: Rhodium Market Spotlight
You can get the latest free PDF report from Heraeus: More than a record rhodium price needed to motivate additional PGM supply. High PGM prices have raised producers’ profits this year. PGM producers’ revenues in South Africa have risen sharply in 2020, driven by record rhodium and palladium prices and a weaker rand against the US dollar. Despite much higher unit costs in the first half of the year because of lower production volumes, all PGM producers have made strong profits. With many operations now back at or close to 100% capacity and South Africa reducing the Covid-19 alert level to level…
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Price
Gold Attracts Strong Physical Demand
Nick says gold attracted keen physical demand out of Asia following its $110 drop with upside potential if US Senate run-offs favor the Democrats. Silver had a better bounce than gold and held the right technical levels. WATCH VIDEO ([link removed]) ([link removed])
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