Gold and Silver Prices To Rise To $1,650 and $30 By 2020? (Video Update)
- Gold to outperform stocks again in 2019 as seen in 2018 and last 15 years- 15% to 20% gains for gold and 30% to 40% gains for silver quiet likely- Given scale of under valuation, strong fundamentals including robust demand and anemic supply and high level of risk, both precious metals are likely to surge in 2019 and 2020- Gold and silver likely to reach highs over $1,650 and $28 per ounce
- On the high side, we may see a price increase of 30% for gold in 2019 as was seen in 2007 and 2010 and silver may surge 80% as it did in 2010 is possible (see table)- Past performance is no guarantee of future returns but along with the positive supply and demand fundamentals and the uncertain economic backdrop, they give an indication of possible returns- Currency reset would see gold to $5,000 to $10,000 and silver at over $250 per ounce as predicted by Rickards and others
News and Commentary
Goldman Predicts Gold Prices to Climb to Highest Since 2013 (Finance.Yahoo.com)
Gold prices inch up as dollar softens on Fed rate outlook (Reuters.com)
Asia stocks reach five-week high, yuan makes big weekly gains (Reuters.com)
Newmont cuts 120 jobs at Nevada gold mining operation (Reuters.com)
Wall Street inches lower on Powell's comments, retail weakness (Reuters.com)
Azerbaijan' $39 Billion State Fund to increase gold holdings from 5 to 10% in 2019 (Reuters.com)
Russia dumps $101 billion in U.S. bonds and Buys 25% of World Chinese yuan reserves (Bloomberg.com)
Yellow vest protesters aim to crash French banking system (News.com.au)
France's Yellow Vest Protesters: Unleash Chaos by Withdrawing All Money From Banks (MoneyMarkets.com) From Jaguar to Macy's, Global Gloom Spreads Across Industries (Bloomberg.com) Silver Manipulation Questions - Only the U.S. Justice Department Can Get Answers (SilverSeek.com) The Chart That Convinced Albert Edwards A Recession Is "Imminent" (ZeroHedge.com) China Car Sales Collapse: First Annual Drop In Over 20 Years (ZeroHedge.com) Gold Prices (LBMA PM) 10 Jan: USD 1,292.40, GBP 1,012.98 & EUR 1,121.54 per ounce09 Jan: USD 1,281.30, GBP 1,006.41 & EUR 1,118.32 per ounce08 Jan: USD 1,291.90, GBP 1,006.71 & EUR 1,121.62 per ounce07 Jan: USD 1,291.50, GBP 1,013.83 & EUR 1,129.03 per ounce04 Jan: USD 1,290.35, GBP 1,016.80 & EUR 1,131.24 per ounce03 Jan: USD 1,287.95, GBP 1,024.05 & EUR 1,132.62 per ounce02 Jan: USD 1,287.20, GBP 1,014.44 & EUR 1,125.27 per ounce Silver Prices (LBMA) 10 Jan: USD 15.70, GBP 12.33 & EUR 13.63 per ounce09 Jan: USD 15.62, GBP 12.27 & EUR 13.64 per ounce08 Jan: USD 15.64, GBP 12.24 & EUR 13.64 per ounce07 Jan: USD 15.75, GBP 12.35 & EUR 13.77 per ounce04 Jan: USD 15.70, GBP 12.40 & EUR 13.76 per ounce03 Jan: USD 15.53, GBP 12.37 & EUR 13.70 per ounce02 Jan: USD 15.44, GBP 12.19 & EUR 13.51 per ounce - www.GoldCore.com
