Welcome to a new week. Let’s pay attention to how the U.S. political climate affects the precious metals market this week.

We begin with a rising market known as “precious metals e-waste recovery.” This market is expected to reach $11.8 billion by 2025. Be sure to check that one out today.

Plus, you’ll find what’s happening in the Azerbaijani precious metals market.

All this and more. Let’s dig in…

Stock Market
REPORT: Precious Metals E-Waste Recover Market Will Reach $11.8 Billion by 2025

According to the new market research report "Precious Metals E-Waste Recovery Market by Source(Household Appliances, It & Telecommunication, Consumer Electronics), Metal (Copper, Gold, Silver), & Geography - Global Forecast to 2025", published by MarketsandMarkets™, the Precious Metals e-Waste Recovery Market is projected to grow from USD 9.4 billion in 2020 to USD 11.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period. Growing investments in precious metals in emerging countries of Asia Pacific, demand from end-use industries and the necessity to treat e-waste before disposal are the key factors driving the growth of the precious metals e-waste recovery market.

International
Here’s What’s Happening in the Azerbaijani Precious Metals Market

Last week, an ounce of gold in Azerbaijan decreased by 48.53 manat (1.5 percent). The average price of one ounce of gold amounted to 3,277.797 manat, which is by 2.2 percent more compared to last week.

CHANGE IN PRICE OF AN OUNCE OF SILVER

Commentary
Let’s Look at Why Bitcoin’s Market Cap is Now 7% of Gold’s Market Cap

With the recent spike in Bitcoin’s price, its market capitalization is nearly 7% that of Gold. On-chain analysts and crypto influencers on Twitter have been calling for Gold Flippening and this could be the first step in that direction. Back in October 2020, when Bitcoin’s network momentum was increasing steadily, Bitcoin’s correlation with Gold was high. There has been a 180-degree change in the situation and Bitcoin’s correlation with Gold is nearly zero since the decoupling. But most influencers on Crypto Twitter continue to draw the comparison with Gold. Fund managers have labeled it as millennial Gold. In their recently published note, JP Morgan commented on Bitcoin’s growth, that it has potential if it competes with gold as an asset class.

Economy
Will America’s “Healthy Reflation” Turn into Inflation?

Has the stockmarket caught vertigo? US indices ended 2020 on record highs, with the S&P 500 registering a 16.3% gain for the year. The tech-heavy Nasdaq soared by 43.6%, its best annual performance since 2009. The end-of-year cheer was helped by last-minute agreement on a $900bn pandemic stimulus package in Washington. But things reversed on the first trading day of 2021: the S&P 500 fell back 1.5%, its biggest one-day drop since the end of October.

Price
Gold and Silver Lose Momentum After Weeks of Rising

In this first trading week of 2021, a new investment theme appears to be emerging. That theme can be summed up in a single word – reflation. A resurgence of inflation is being priced into asset classes across the board. Stocks are rallying to new records. Shares of Tesla and alternative energy companies are going to the moon. Marijuana stocks are suddenly back in vogue. Bitcoin is going bonkers. Crude oil, copper, and other commodities also started to break out this week. But metals markets pulled back sharply this morning on the heels of a bad jobs report, meaning these markets require more time to work their way back up to last year’s highs.

Economy
6 Reasons Why the U.S. Dollar Will Rally

The US dollar held a steady bid from Wed-Fri after the Democrats won the Senate and it was the top performing currency after the result became clear. Could that mark the bottom for the nine-month bear market in the dollar? Or at least a sustained bounce? The best trade in FX is to always follow the trend, but there is a decent case for dollar strength that hasn't been told. Here it is.

SEE 6 REASONS WHY THE GREENBACK WILL RALLY

Thanks,
Gold Silver Central