All Time High for Gold Price – What’s Next?

Within a month, gold’s price has reached all time highs breaking all resistance. The yellow metal managed to break through the 2011 historical highs of $1.920. Everything is set for gold to continue its run and market analysts wonder if this is going to be the end of it, or if gold’s epic rally will […]

Gold is on Fire – The Facts

Last week’s gold performance has been outstanding. Its run started on Monday from $1,810 and ended on Friday at $1,901 per troy ounce. Gold needs only 19 dollars to get over its record high of $1,920. Judging from last week’s performance this outcome is highly probable to take place the oncoming week. Reasons for Gold […]

Investing in Gold-July 2020

End of June 2020 and the western world is trying to recover from the covid-19 lock down. How much is the damage caused by the coronavirus and how this economic shutdown will affect the markets remains to be seen. Is there going to be a quick recovery, or there will be a recession? Where should […]

What is IRA Approved Gold?

When it comes to investing in IRA coins or bullion, not all coins or bullion are approved. That’s because the IRS has placed strict purity rules and requirements and rightly so. Therefore, all coins and bullion approved, are those who meet the strict IRA rules. The IRA approved gold, should have a purity grade of […]

Gold in Short Supply-What’s Next?

Metal producers are reducing gold production due to government restrictions in response to covid-19 concerns. Coronavirus also caused all European precious metal refineries to shut down and disrupted transportation. 1/3 of NYSE listed gold mines have withdrawn 2020 production guidance. The South African government imposed a 3-week shutdown of the country, which means temporary mine […]

The Coronavirus Triggers the Long Overdue Global Recession

Last week, the stock market suffered its largest weekly loss, since the 2008 financial crisis amid worries that one of the largest economic expansions in history may be coming to an end. Many analysts blame the coronavirus for the market downturn. In particular, the Dow Jones suffered the largest fall in history in a week, […]

Gold Breaks Over the 1600 Mark

Over the last few days, we ‘ve all witnessed gold breaking over the $1600 mark as stocks suffer significant losses. There is a lot of nervousness in the market and people are putting gold and silver into their portfolios. In the meantime, the US dollar is actually strengthening against both the Euro and the Japanese […]

Gold Rally Delayed but Gold will Bounce Back

The last few days we’ve seen gold trading below the $1500 mark. Yesterday though, gold’s price dropped just above $1465 per troy ounce. It seemed as the market was overbought and a number of other issues affecting gold’s price seemed to defuse. Firstly, the Europeans offer to accept a delay in Brexit deal, which helped […]

No Reason to Sell Gold

There is no reason to sell gold, as the outlook for gold prices remains positive. All indicators are bullish to gold. There is no end to the trade war between China and the United States. The bond yields will continue to fall. Brexit uncertainty still rising as the Tories lose parliament support. The economic outlook […]