Gold Surges Another 4% Over $28. 20/oz as Short Press May Push In order to $50/oz

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Silver and gold is very much in a short press which is propelling costs higher in a very short time of time. $30/oz, $40/oz and the nominal a lot of $50/oz are possible price targets to get silver and long run we see the pumpiing adjusted record a lot of $150/oz in 1980 (see below) as being a real price focus on.

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NEWS plus COMMENTARY

Gold holds close to record high since dollar dips, development outlook dims (Reuters)

Gold keeps the shine as traders shun dollar (FT)

ETF ties world’s biggest precious metal owners as traders flock in (FT)

Gold may top $3, 1000, says this company, one of the first to contact the gold half truths market of the 1972s (Marketwatch)

Bank associated with England sees reduced recovery, 9. 5% drop this year – Biggest collapse within 99 years (Reuters)

ors eyesight stimulus talks within Washington (Reuters)

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

04-Aug-20 1972. 250 1977. ninety 1508. 77 1519. 62 1671. 2009 1686. 56
03-Aug-20 1972. 950 1958. 55 1509. 50 1504. 56 1678. 39 1670. 45
31-Jul-20 1974. 700 1964. 90 1505. 91 1492. 54 1666. 84 1661. seventy two
30-Jul-20 1952. 20 1957. sixty-five, 1503. 00 1502. 10 & 1662. 30 1662. forty-four
29-Jul-20 1954. 35 1950. ninety, 1506. 80 1502. 39 & 1663. 54 1659. twenty-four
28-Jul-20 1931. 65 1940. ninety, 1499. 15 1501. 48 & 1647. 70 1654. twenty three
27-Jul-20 1940. 55 1936. sixty-five, 1511. 30 1504. 78 & 1659. 56 1647. seventy
24-Jul-20 1893. 85 1902. ten, 1486. 67 1490. 30 & 1631. 55 1638. 2009
23-Jul-20 1882. 35 1878. thirty, 1480. 28 1477. 47 & 1624. 47 1621. fifty four
22-Jul-20 1851. 00 1852. forty, 1462. 85 1456. 91 & 1604. 82 1598. forty-four
21-Jul-20 1823. 20 1842. fifty five, 1436. 86 1449. 35 & 1594. 21 1608. thirty six
20-Jul-20 1810. 30 1815. sixty-five, 1437. 92 1438. 18 & 1580. 21 1590. 87
17-Jul-20 1802. 90 1807. thirty-five, 1435. 47 1442. 45 & 1578. 98 1581. ’07