silveroutlook
Dana Samuelson of American Gold Exchange discussed his outlook for gold and silver prices in both the short and long term, and mentioned which physical products he recommends investors look into. "I wouldn't be surprised to see silver make a US$5 or US$10 move from here very quickly, especially if gold can break a little above its all-time high," he explained on the sidelines of the the Rule Symposium. He was speaking a week before gold did exactly that. Samuelson added, "If gold makes a run at a new high and gets into the US$2,500 (per ounce) range, I think silver could be US$45, US$50 (per o...
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Lobo Tiggre, CEO of IndependentSpeculator.com, shared his updated thoughts on gold, silver and uranium. When it comes to gold, he pointed to a "powerful mover" that he thinks could be in play — a change in global portfolio allocations to the yellow metal. Historically the allocation has been 2 percent, but more recently it's been 0.5 percent. "I think that what we're seeing is that changing. And maybe it doesn't go back to 2 percent, but if it just goes back to 1 percent, that doubles the investment demand for gold from where we are now," he said. Looking at silver, he said lately it's correla...
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Speaking at this year's Rule Symposium, which ran from July 7 to 11, Rick Rule, proprietor at Rule Investment Media, shared his updated thoughts on the US economy, including whether a recession is on the horizon. In his view, it's not guaranteed — he said investors may want to begin to expect one, but hope they end up being wrong. When asked about how gold tends to perform in a recession, Rule said it often goes lower at first if the recession is accompanied by a liquidity squeeze. After that, it depends on how the US Federal Reserve responds. "If they respond to a recession by lowering the no...
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Chris Vermeulen, chief market strategist at TheTechnicalTraders.com, shared his next price target for gold, as well as his outlook for silver and precious metals miners in the months and years to come. While he expects a stock market correction to weigh on these assets, they are set to perform well before and after. "When I'm looking at the daily chart of gold, it is pointing to about US$2,650 to US$2,750 (per ounce) for gold over the next two to three months. So I'm still very bullish on gold," Vermeulen said during the conversation. Watch the interview above for his full thoughts on those an...
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Speaking to the Investing News Network, Chen Lin of Lin Asset Management shared his outlook for silver, explaining that the white metal could move quickly to the US$50 per ounce level once market participants realize how large the divide between supply and demand really is. When asked about the most important drivers for silver right now, he pointed to the solar industry, noting that two to three years ago it was consuming 100 million ounces of silver; that amount rose to 200 million ounces last year. This year, the Silver Institute is projecting a further 40 million ounces of solar demand, bu...
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Strength in the US dollar briefly pushed the gold price below US$2,300 per ounce midway through the week, but the yellow metal soon bounced back, finishing Friday (June 28) at the US$2,325 level. The latest US Personal Consumption Expenditures (PCE) price index data came out that day, and it shows that in May core PCE was up 0.1 percent month-on-month and 2.6 percent year-on-year — in line with expectations. PCE is the US Federal Reserve's preferred measure of inflation, and can help shed light on its interest rate plans. “The lack of surprise in today’s PCE number is a relief and will be welc...
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Speaking to the Investing News Network, Keith Weiner, founder and CEO of Monetary Metals, discussed the factors driving gold and silver prices right now and what could be in store for the precious metals in the future. Breaking down macroeconomics, monetary policy and supply/demand, he explained why he sees both moving higher. "I think the fundamentals in terms of the macro are obviously there," he said about the gold market. "Sentiment certainly in the rest of the world is there — not in the US at the moment ... but I see essentially endless demand in the east." In terms of silver, he said wh...
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Rick Rule, proprietor at Rule Investment Media, shared his latest thoughts on gold, silver and uranium dynamics, as well as the opportunity he sees in the "hated" platinum and palladium sectors. Speaking first about gold, he said so far foreign central banks have been its main buyers. In his experience, retail investors only become interested in the metal when they get concerned about maintaining their purchasing power. At this point, that hasn't happened yet, and it may not happen for some time. "I will note that it took five years for this to happen in the 1967, 1972 timeframe. In other word...
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Chris Marcus, founder of Arcadia Economics and author of "The Big Silver Short," broke down silver's rise above US$30 per ounce, outlining the wide array of factors that are driving the metal right now. He said that silver has followed gold, which started to move around mid-February and early March, spurred on by expectations that the US Federal Reserve was going to cut interest rates. It still has not done so. "It's been interesting that you would see gold start rallying then, and then silver follow," said Marcus. "I wonder if there's some degree to which, when you have forces like the US deb...
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Gold and silver prices fell off a cliff on Friday (June 7) after seeing strength earlier in the week. The yellow metal rose as high as US$2,386.62 per ounce on Thursday (June 6), while its sister metal hit US$31.49 per ounce the same day. But strong US jobs data and gold-related news out of China turned those gains around. May data from the US Bureau of Labor Statistics shows that 272,000 nonfarm payroll jobs were added for the month, much higher than the 180,000 anticipated by experts. The unemployment rate came in at 4 percent for the period. The US Federal Reserve is scheduled to meet next ...
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