Some analysts are expecting a bull ride on silver that could start as early as these final two weeks of 2020 and many are bullish on silver well into next year.
There’s a report for you forecasting stocks will soon be getting crushed by gold and silver next year.
We are experiencing the most volatile metals market in quite some time. The good news is Gold & Silver Central has you covered. Stick with us and we will continue to curate the latest precious metals news and commentary and deliver it in a neat and tidy daily email.
Let’s dig into today’s news…
Latest News
Investors Backing Off Swiss Gold—Here’s Why
Swiss trade data on Thursday pointed to a mixed recovery in demand for gold in retail and jewelry markets in November but a slump in appetite for bullion from financial investors. Switzerland is the world’s biggest gold refining center and a transit hub, and its data illustrate global market trends. In November, the country exported large amounts of gold to India and Turkey while shipments to Thailand, Italy, and Germany - all countries with large jewelry or retail gold bar and coin markets - rose to multi-month highs.
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Price
Keep Your Eye on Silver - Massive Breakout in Next Two Weeks! Plus, One Other Important Thing Happening
James Turk: The precious metals have been making good upside progress, Eric. They have not yet broken out to the upside to confirm that major overhead resistance has dissipated and been overcome, but we are close. The breakout might happen today or tomorrow. I like to say that the market tells us its own story, and we just have to watch and listen to what it is saying. It is an investment principle I learned from a family friend when I first started to work on Wall Street back in the 1960s…
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Commentary
Here’s Why Gold and Silver are About to Crush Stock Returns
What is it that will cause gold and silver to greatly outperform stocks? Join Mike Maloney, Chris Martenson and Mr Jeff Clark as they tackle this question, along with covering the latest news.
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International
German Precious Metals Dealers See Rapid Rise in Demand for Gold and Silver
Gold and silver in the form of coins and bars are experiencing an enormous surge in demand at German precious metals dealers. On Wednesday, a nationwide lockdown goes into effect in this country to curb the high COVID-19 infection numbers. The Robert Koch Institute reported 27,728 new infections within 24 hours this morning. Last Sunday, the prime ministers had agreed on the closure measures in coordination with the Federal Chancellery. The German precious metal trade is also affected by this. And the reports a rapid increase in demand for gold coins, gold bars and silver coins.
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Latest News
Greenback on Pace for Worst 4th Quarter Performance in 17 Years
The dollar fell to its lowest in more than two years against major currencies on Thursday as U.S. lawmakers wrangled over stimulus details, while Bitcoin rose to a record high, amid surging interest from larger investors. Negotiations in the U.S. Congress over final details of a $900 billion COVID-19 aid bill could spill into the weekend, requiring another stopgap spending bill to avert a looming government shutdown, Republican Senate Majority Leader Mitch McConnell said on Thursday.
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Commentary
Mining Expert Thinks a Recovery is Due
John Hathaway has experienced a lot of change in his 50 years of gold investing. In 2020 alone, he has seen his long-running fund absorbed by a new company and then witnessed the onset of a global pandemic. Hathaway co-runs the Tocqueville Gold and Sprott-Falcon Gold Equity strategies with Doug Groh. The managers’ funds were taken over by Sprott Asset Management at the start of the year, when the duo moved across to their new employer.
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