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What a time to be alive.
The political realm is quite volatile now, as you know. How will this affect the metals market?
We will keep you updated.
Let’s dig in…

Latest News
Perth Mint Doubled Gold Sales in 2020 with Boosting from Virus
Perth Mint’s gold product sales in December eased from the previous month but robust investment demand for the safe-haven metal led average monthly 2020 shipments to double from the prior year, the refiner said in a blog post on Wednesday. Sales of gold coins and minted bars dropped to 76,806 ounces last month, declining 8.7% from a seven-month high reached in November and by 2.7% from a year earlier.
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Price
Tom Cloud Forecasts a 25% Rise in Gold This Year
Tom Cloud has been helping individuals and businesses buy and sell physical gold, silver, palladium, and platinum coins/bars since 1977. Are you ready for the next wave in gold and silver prices? Veteran precious metals advisor Tom Cloud shares his latest price forecasts and latest insights in this brief video.
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Stock Market
U.S. Treasury Yields Surge as Gold Futures Fall Over 2%
Gold futures dropped Wednesday as U.S. 10-year Treasury yields jumped above 1% for the first time since March, dulling demand for the precious metal, which offers no yield. Still, "given how markets are focusing on the Georgia senate election results and the possibility of a Democrat sweep, this should provide the precious metal a tailwind in the near term," said Lukman Otunuga, senior research analyst at FXTM. "Such an outcome may pave the way for larger fiscal stimulus, essentially weakening the dollar further." February gold GCG21, 0.52% fell $45.80, or 2.3%, to settle at $1,908.60 an ounce.
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Price
Georgia Runoff Election Cools Off Gold’s Momentum as Equities, Yields Advance
Gold was set to snap its longest rally since July as gains in equities and U.S. Treasury yields reduced demand for the non-interest-bearing metal. The S&P 500 climbed toward a record after Democrats looked poised to take control of Congress, potentially unleashing a torrent of federal spending to revive growth. U.S. Treasury yields broke above 1% for the first time since the pandemic-driven turmoil in March. The rise in yields “is an awakening moment,” Phil Streible, chief market strategist at Blue Line Futures in Chicago, said by phone. “People will start liquidating gold looking for other opportunities out there.”
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Commentary
“Bitcoin is Better at Being Gold Than Gold,” Says SkyBridge Capital
Ethereum’s founder, Vitalik Buterin, has thrown some jabs at gold in his endnote on 2020. While arguing that cryptocurrencies are grossly underrated, Buterin called gold “lame.” According to Buterin, digital assets will continue to gain popularity and in the long-term, they would eclipse gold. “One of the more underrated bull cases for cryptocurrency that I have always believed is simply the fact that gold is lame, the younger generations realize that it’s lame, and that $9 trillion has to go somewhere.” Buterin’s statement may be a rather blunt response to the comments of crypto critic Peter Schiff who recently made a case for gold as a better payment option than Bitcoin.
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Commentary
Gold Drops as Biden’s Senate Control Becomes Reality
Investing.com - Gold prices tumbled 2% Wednesday in profit-taking ahead of an anticipated swing in Senate control to President-elect Joe Biden’s Democratic party, that analysts said could result in new stimulus by his administration and new highs for the yellow metal. Two runoff elections in the state of Georgia showed victory for Democratic candidate Raphael Warnock and a leading vote count for his colleague Jon Ossoff that would put the Democratic Senate representation level with that of the Republicans, allowing Vice-President elect Kamala Harris to break the tie with her vote.
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