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In today’s Gold & Silver Central we cover quite a few precious medals—gold, silver, rhodium, platinum, and palladium.
We also have some news on a proposed “Fed Wallet” that is in the works. You don’t want to miss that one.
Let’s dig in…
Latest News
Gold Went Up, Brent Crude Followed After Yellen’s “Act Big” Speech
Gold rose on Wednesday to a one-week high as the dollar weakened on US Treasury secretary nominee Janet Yellen's call to "act big" on measures to help the American economy recover from the impact of the pandemic. Brent Crude, too, jumped and traded above $56 a barrel.
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Economy
[VIDEO] Get Ready for the “Fed Wallet”—Coming Soon
$10 Trillion deficits are coming! The Fed is getting ready to send you a wallet and some nice new Fed Coins. Precious metals are the ultimate insurance policy. The biggest players have been amassing precious metals and getting ready for the inevitable. Acquisition of non-dollar denominated assets, including metals and cryptos is showing the way. The trend will continue until the global reset. Last year there were 10 years of metals deliveries. There will come a time when all the noise will cease and the reality will become clear.
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Price
Silver Surges After Markets Bet on Inflation Caused By Stimulus
Spot silver (XAG/USD) prices have seen significant upside on Wednesday, rallying north of 2% or more than 50 cents to come within striking distance of last week’s $25.895 highs as markets bet on inflation-inducing stimulus. That marks a sharp turnaround from a pre-US open sell-off that saw prices drop almost all the way back to the $25.00 level. US President Joe Biden was sworn in without too much by way of surprises, but markets have maintained a strongly risk on bias throughout and is a continuation of the move that began before former Fed Chair and US Treasury Secretary nominee Janet Yellen’s testimony to Congress on Tuesday; US equities are up and…
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Commentary
In this video Silver Dragons talk about why they are investing in silver in 2021
They talk about some of the specific reasons why silver stacking is their plan and why they think this has massive potential this year. This investing in silver for beginners video goes through most of the basics for why silver can have higher prices moving forward. Silver Dragon likes investing in silver coins and investing in silver bars, but also talks about investing in silver mining stocks as well. Silver Dragon has been investing in silver bullion for several years now thinks that investing in silver eagles was one of the best decisions they made a few years back. Silver Dragons talks about investing in silver or gold and why both are important. They are going to continue investing in silver 2021 and will be making videos the whole time.
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Price
Rhodium Price Pumps Brakes: Interview with Henrik Marx
The surge in rhodium prices has slowed down in recent sessions, although current rhodium base prices continue to be well supported by fundamentals, Heraeus' global head of trading Henrik Marx told S&P Global Platts. "In the short-term, there might be some upside potential but what we have seen over the last few days is things are slowing down a little bit, it's not at the pace that it has been in the last 4-6 weeks," Marx said in an interview Jan. 20. "I do see some upside potential in the short-term, but we also believe that perhaps the threshold of $22,000/oz, maybe a little more, might trigger some investors to give back some liquidity, and maybe that is happening already and the reason for the slight slow-down."
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Price
Platinum & Palladium Outlook Stays Positive
Recently we have changed our views:· We have substantially upgraded our outlook for the US economy,· We now forecast a slight rise in US treasury yields and 10y US real yields (we had a decline)· We have changed our Fed view. We think that the Fed will be less dovish than we had. We expect tapering to start in 2022.· We expect the US dollar to rise at a moderate pace (we had a decline)· We think that gold prices have peaked and will decline going forward (see our gold outlook here)
What effect have these view changes on our outlook for silver, platinum and palladium?
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