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Precious Metals News
- View | The silver rush may spill into 2025 - CNBCTV18 November 25, 2024
- IRCTC Share Price Today on 25-11-2024: IRCTC share price are up by 1.73%, Nifty up by 1.72% - Mint November 25, 2024
- JSW Holdings Share Price Today on 25-11-2024: JSW Holdings share price are down by -4.89%, Nifty up by 1.72% | Stock Market News - Mint November 25, 2024
- MMTC Share Price Today on 25-11-2024: MMTC share price are up by 3%, Nifty up by 1.73% - Mint November 25, 2024
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Recent Posts
- ‘We’ve Passed the Point of No Return’ – Debt Bomb Will Ignite Gold: Clive Thompson
- Gold rises on Russia-Ukraine escalation
- Gold retraces half of its losses following U.S. presidential election
- Silver Is a Strategic Asset for Diversification and Hedging Risk
- Gold/Silver: What Precious Metals Bulls Do Not Want to See! – Phil Streible
Category Archives: silver-rounds
China Silver Imports Surge to 9,000 metric tons per year catching up quickly to India
China’s silver shopping spree transforms global markets: 9,000 tons imported annually, strategic resource grab signals tech dominance and economic power … Continue reading →
Silver Shines Brighter Than Gold in 2024
While gold grabs headlines, silver quietly soars 42.4% in 2024’s precious metals rally. With green tech driving demand and supply … Continue reading →
Analysis-Headwinds hit Trump-fueled rally in US stocks
NEW YORK (Reuters) – A U.S. stock rally fueled by Donald Trump’s election victory is stumbling, as investors contend with … Continue reading →
Goldman Sachs Says ‘Go for Gold’ as Central Banks Buy
Goldman Sachs Forecasts Gold to Hit Historic $3,000 Mark Amid Central Bank Buying Spree (Bloomberg) — Gold will rally to … Continue reading →
Polish central bank becomes biggest buyer of gold
Poland surpasses Great Britain in gold reserves, now holding 420 tons. As gold makes up 15% of its assets, the … Continue reading →
The Impact of Presidential Transitions on Gold: 100 Years of Reflection
Over the last century, the gold market has, on many occasions, reacted to changes in fiscal policy, economic uncertainty, and … Continue reading →
Gold Signals Demand Destroying Event Imminent | Francis Hunt
Renowned analyst Francis Hunt warns of a potential economic downturn, highlighting gold’s role as a crucial hedge against uncertainty. In … Continue reading →
Gold heads for down week on Fed speculation
Gold heads for a down week driven by Fed speculation. The yellow metal was little changed early Friday, but is … Continue reading →
Global Silver Demand Set to Reach New Record High in 2024 Amid Persistent Supply Deficit
Silver Market Facing 4th Straight Deficit in 2024 as Industrial Demand Hits Record – Silver Institute Forecasts According to the … Continue reading →
Here’s What’s Going on With Gold & Silver
Gold fell 2.42% today in continuation of last week’s price action. Gold is experiencing a normal pullback after its whopping 50% rise this year. I’m not worried one bit. I’m now watching $2,600 in COMEX futures and the uptrend line as key support levels. Ideally, I’d like to see a bounce from here. After a breakout attempt on October 18th, silver got slammed back below the key $32 to $33 technical zone. I’m annoyed and frustrated by what may well be manipulation. If it is, regulators simply don’t care and turn a blind eye to it.
Despite that, silver is still in a confirmed uptrend and up nearly 40% this year. I’m waiting for another breakout attempt. For now, we just have to wait a bit longer. I can see a lot of discouragement, frustration, and boredom taking hold within the precious metals community once again, and I want to urge everyone to keep the faith.
After gold and silver’s 50% rise in the past year, a pullback is normal and not the end of the world. Gold is ultimately heading to $5,000, $10,000, $15,000+, while I expect silver to hit several hundred dollars per ounce as global debt and the money supply continue their inexorable rise.
The stark reality is that Trump isn’t going to save the world. Even if he could theoretically “save” the U.S. (which I don’t foresee happening), he has zero influence on overly-indebted Europe, Japan, China, Canada, Australia, etc.
We all need to accept that pullbacks are a natural part of this long-term gold and silver bull market and the unraveling of the unsustainable Keynesian monetary experiment.
The key is to stay calm and not overreact when these inevitable dips happen. Every epic bull market or asset has experienced pullbacks—Tesla, Amazon, Bitcoin, the Nasdaq 100, and even U.S. housing prices. They all consolidate and regroup periodically, and precious metals are no different.
This consolidation is actually positive; it’s a chance to accumulate more physical gold and silver while prices remain steady. Few of us are fully prepared for the balloon to go up just yet, so take advantage of these gold and silver “sales.”
As you can see, the S&P 500 has experienced several significant pullbacks during this ongoing bull market, yet it has rebounded each time, now achieving an impressive 809% gain: One factor that virtually guarantees that gold and silver will continue to rise over the long run is the non-stop surge of the U.S. and global money supply, which is what fuels inflation.
No president in modern history has ever addressed this elephant in the room, nor do I expect Trump to. The best bet is to expect this trend to continue during Trump’s term and beyond. In conclusion, while gold and silver are experiencing a temporary pullback, history shows that all major bull markets have corrections along the way—and they often emerge stronger.
Just as the S&P 500, Bitcoin, Apple, and Nvidia have recovered from significant downturns to reach new highs, precious metals are also consolidating before their next upward movement.
The relentless expansion of the U.S. money supply and rising global debt remain fundamental forces driving the gold and silver long-term uptrend. Now is the time to remain calm and take advantage of this consolidation phase to accumulate more physical gold and silver.
Rather than being discouraged by adverse short-term price movements, let’s focus on the bigger picture: a powerful uptrend that points to substantial gains for gold and silver in the years ahead. Continue reading →
Gold Weathers Post-Election Dip, JPMorgan Sees ‘Stumble, Not Sea Change’
Gold Stumbles but Doesn’t Sink After Trump Re-Election, JPMorgan Sees Staying Power JPMorgan’s Commodities Research team sees the post-election fall … Continue reading →
Here’s Where Gold & Silver Stand After the Big Election
Precious metals faced a challenging day following Donald Trump’s U.S. presidential election victory. Despite that, gold and silver’s bull market … Continue reading →