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2020-07-10 21:31:27| GoldSeek.com News

COT Gold, Silver and US Dollar Index Report - July 10, 2020.


Category: Investing

 

2020-07-10 20:10:29| GoldSeek.com News

The silver market appears ready to blow its top, much like a pressure cooker whose relief valve stopped functioning even as the heat and pressure continued to build. The gold market is also likely to overheat, but at least in gold, its relief valve - the price of gold - appears to be functioning somewhat and has bled off much of the pressure. After all, the price of gold is up substantially on a year-to-date basis and is not that far from all-time highs. While gold looks poised for further gains, perhaps substantial, its price relief valve has allowed much pressure to be released.


Category: Investing

 

2020-07-10 19:34:56| GoldSeek.com News

The bottom line is despite gold stocks blasting higher, their upleg likely still hasnt run its course yet. The majority of their massive post-panic gains were merely a mean reversion out of extreme anomalous lows. The gold stocks havent outperformed gold normally year-to-date, they arent super-overbought, investors are still buying gold, and speculators havent exhausted their gold-futures-buying firepower in this upleg. All this is bullish for gold stocks in coming months. While their Q2 results will be somewhat impaired due to COVID-19 disruptions, their earnings-growth potential in future quarters is enormous with these higher prevailing gold prices. And counter-seasonal gold-stock summer breakouts usually keep rallying on momentum buying instead of rolling over. This sectors odds of keeping marching higher on balance look good.


Category: Investing

 

2020-07-10 18:11:11| GoldSeek.com News

According to public records, Kingold began borrowing using gold as collateral in 2013. The companys debt continued to climb every year. Eventually, Kingold pledged 2.7 million ounces of gold in total, worth about US$4.8 billion today. Kingold not only offered the gold as collateral, but even had its gold inspected by government certification offices and insured for US$4.3 billion by a state-owned insurance company. It seemed foolproof.


Category: Investing

 

2020-07-10 13:22:21| GoldSeek.com News

I have never found a consistent way to find tops in this market over the past 30 years, when you have central bank QE interfering. Over time, shorting generally cost me more money than I made. Markets go down differently than they go up, tops form differently and it is difficult to consistently time the tops: Video Update


Category: Investing

 

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