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How Geopolitical Tensions Affected Gold & Silver Prices
The US retaliated for Tuesday’s protest-attacks on the embassy in Baghdad, with an airstrike that killed Iranian General Qassem Soleimani. “Geopolitical uncertainties” are often cited as one of the top drivers of gold prices, because when people get nervous
Read More »Is Silver (SLV) Up Against Resistance? [Details]
Welcome to 2020! May this be a happy, healthy, and prosperous year for you and yours. Last week, we noted that silver had run up against resistance. International price action overseas seems to confirm this, with silver
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Popular Precious Metals Company Aims for 2020 Turnaround
Wheaton Precious Metals (WPM) is an interesting company. Commonly called a “streamer”, WPM’s business model is sometimes misunderstood, leading to erroneous expectations and ultimately incorrect valuations. But really it’s not that hard to understand. Today’s featured article talks about
Read More »Gold Prices Benefit From U.S. Dollar’s Lag [Details]
The US Dollar’s recent sag has served to lift gold heading into year-end. The ETF UUP dropped 2.6% last week and gold rose 2.3%, so the changes happened almost at-parity. Most pundits are pointing at the US-China
Read More »Gold Prices Have Roared Back [Details]
Gold, which had been looking like it would go sideways until 2022, has suddenly roared back to life. (credit Fidelity.com) In the past 3 US market trading days, GLD has run up from 139.52
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Here Is Why Silver Recently Rose
Your friendly Gold Enthusiast and everyone here hope you and your family enjoyed a peaceful day yesterday. Silver has been on a tear the past 5 trading days. Even with Friday’s intraday drop, it
Read More »Silver Prices Pop on Trade Uncertainty
China fired back at the US following a 700 billion USD defense bill creating closer ties with Taiwan passed the US Senate vote. One of the provisions of the bill calls for support of the
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How the Trade Wars and Sanctions Are Impacting Gold
All the trade wars and sanctions have lasted long enough that countries are now openly discussing alternatives. Facing sanctions in the Western-based banking system, four Muslim countries are seriously discussing starting their own trading bloc.
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China Takes Huge Step In Gold Trading
Here in the US we’re really spoiled. We have dishwashers, electric cars, and a huge variety of financial market trading choices
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