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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 371.65-1.1%Nov 17 4:00 PM EST

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zamboz
To: carranza2 who wrote (160386)7/21/2020 8:20:40 AM
From: TobagoJack1 Recommendation  Read Replies (2) of 217846
 
the Force is stirring this day kitco.com



zerohedge.com

Silver Is Soaring Again, Citi Sees $2000 Gold Imminent

Silver futures are surging again this morning, dramatically outperforming gold (which is also up notably) with both pushing to new multi-year highs...

Silver futures are back near $21...



Source: Bloomberg



Source: Bloomberg

Silver is massively outperforming gold...



Source: Bloomberg

Erasing all of the pandemic/easing driven spike...



Source: Bloomberg

Citi analysts said in a note this week, gold is benefiting from loose monetary policy, low real yields, record inflows into exchange-traded funds and increased asset allocation. They expect the precious metal to climb to an all-time high in the next six-to-nine months, and there’s a 30% probability it’ll top $2,000 an ounce in the next three-to-five months.

“Nominal gold prices have already posted fresh records in every other G-10 and major emerging market currency this year,” the analysts said.

“It is only a matter of time for fresh” highs in U.S. dollars, they said, adding that demand for a store of wealth should also lift silver.

Citi is the latest in a growing line of firms suggesting precious metals have more room to run - even making new record highs (in US terms).

Is the world losing faith in fiat?



Get back to work Mr.Gilson...

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