Precious metal Surges To All Time Report High Over $1, 940/oz

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◆ Gold costs have surged through the in history record nominal high of $1, 915/oz in 2011 to over $1, 942/oz today due to problems about the outlook for shares, bonds and other assets among a very vulnerable U. T. and global economy.

◆ Gold has surged in order to new record highs in most major currencies today which includes new record highs within British pounds at £1, 514/oz and in euros in €1, 660/oz due to issues about the outlook both intended for assets and currencies like the euro, pound and all fiat currencies.

Asset Performance 2020 YTD (Source: Finviz)

◆ Magic has surged another 6% today alone to $24. 27/oz and is building for the strong gains of more than 18% seen last week. Not surprisingly silver is playing cope up to gold and has got gains of 35. 5% in July. We anticipate to also reach record minimal highs in the coming a few months and challenge the $50/oz level seen in 2011 plus 1980.

◆ Most analysts including yourself believe the gains seen in each gold and silver are sustainable and expect to see gold go above $2, 000/oz in the arriving weeks and silver will certainly target $30/oz as inspite of the recent gains, it continues to be undervalued versus gold plus versus stocks.

◆ Precious metal and silver’s gains in every currencies are due to issues that global currencies is going to be devalued in the coming weeks and years as foreign currency creation and debasement on the scale never before seen in planet history intensifies.

◆ A pointy global recession or Melancholy is inevitable and the just question is how serious and how long it will be. Currently indebted economies are susceptible due to overblown fears concerning the virus and due to huge over reactions in the animal global lock-downs which are terribly impacting families and family based businesses and destroying small in order to medium enterprises globally.

◆ There remain many main geopolitical, monetary and systemic risks such as Brexit plus risks to the viability from the Eurozone itself, very substantial tensions with an increasingly effective China and indeed risks towards the banking sector and huge systemically important banks like Deutsche Bank.

◆ Gold and silver will also benefit from the city war politics in the Oughout. S. as Trump plus Biden limber up for what exactly is set to be the most aggresive election battle in United states history which could further destablise an already vulnerable Oughout. S. and the U. T. dollar.

NEWS plus COMMENTARY

Gold locations $30 higher to refreshing record above $1, nine hundred

Gold increases to all-time high since dollar dive boosts protection rush

Precious metal Reaches Record Highs versus the US Dollar, Silver Increasing towards $25

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Authers: A mighty brief squeeze may be building within gold

The situation for Holding Gold

GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

24-Jul-20 1893. 85 1902. 10, 1486. 67 1490. 30 & 1631. 55 1638. 2009
23-Jul-20 1882. thirty-five 1878. 30, 1480. twenty-eight 1477. 47 & 1624. 47 1621. 54
22-Jul-20 1851. 00 1852. 40, 1462. 85 1456. 91 & 1604. 82 1598. 44
21-Jul-20 1823. 20 1842. fifty five, 1436. 86 1449. thirty-five & 1594. 21 1608. 36
20-Jul-20 1810. 30 1815. 65, 1437. 92 1438. 18 & 1580. 21 1590. 87
17-Jul-20 1802. ninety 1807. 35, 1435. forty seven 1442. 45 & 1578. 98 1581. 07
16-Jul-20 1804. 60 1807. 70, 1438. 09 1436. 04 & 1583. seventy two 1581. 56
15-Jul-20 1809. 30 1804. sixty, 1436. 22 1441. thirty-one & 1582. 96 1579. 57
14-Jul-20 1798. 20 1801. 90, 1436. 58 1440. 62 & 1583. 14 1581. 71
13-Jul-20 1808. 05 1807. 50, 1435. twenty three 1432. 26 & 1598. 32 1591. 68
10-Jul-20 1805. 75 1803. 10, 1433. 40 1427. 33 & 1599. thirty-five 1594. 84
09-Jul-20 1812. 45 1812. ten, 1434. 01 1431. 74 & 1600. 57 1600. 08
08-Jul-20 1799. 35 1811. 10, 1438. 40 1438. 74 & 1596. 38 1598. forty eight