Tag: GDX.NYSE
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The Fed can’t print gold (it can’t print silver either) – Pure Gold (PGM.V)
There’s rarely been a dull day in the gold (and silver) arena since the calendar turned over to 2020. The madcap volatility we’ve witnessed over the past few months has likely challenged the convictions of even the most hardcore of gold bugs. There’s no shortage of opinions regarding where we go from here. For example,…
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The ultimate Fed Put, soaring precious metals prices – not enough gold and silver coins to go around
Though the U.S. Congress has yet to agree on a bailout package, it’s working on an unprecedented spending bill to prop up a dying economy. We’re talking somewhere in the neighborhood of 2 Trillion dollars. With interest rates at historic lows, this is shaping up to be the ultimate Fed Put. A battery of Bofors…
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Gold – the time is nigh
Gold appears to be setting up for a push higher, perhaps a sustainable push as we enter 2020. From a lowly $1275 in late May, the metal screamed higher topping out at roughly $1570.00 in early September (blue arrow). That was an impressive run. $1570.00 marked a six-year high. We registered our caution in these…