Key Points Robust mining stocks valueQuantitative Easing and Debt MonetizationCorrelation with the U.S. Dollar GDX is holding 53 different gold miners and is undeniably correlated to fluctuations in gold prices under most financial scenarios. Given the propensity of...
Willard Kachere
Platinum Waiting for The “Vaccine”.
Key Points Price recovery hinged on global economic performanceFederal Reserve Stimulus to push prices upCovid-19 vaccine good for industrial metalsPrices trading below ascending Pitchfork Platinum declined from $1000,00 per ounce when the global economy suffered a...
Oil stuck below $40 per barrel
Key Points OPEC considering extending production cuts until March 2021Prices subdued as virus cases continue to riseTechnical analysis, price at support level OPEC led by its de-facto leader Saudi Arabia is contemplating extending the current production cuts until the...
Gold driven by economic fundamentals rather than elections?
Key Points Gold prices have been on an uptrend since the onset on the millenniumThe disputed U.S. elections in the year 2000GFC drove up precious metalsCentral Bank policies driving up Gold Gold has long been regarded as a stable store of value and as fiat currencies...
Gold remains steady amid US elections results stand-off.
Key points Donald Trump trailing behind the democratic nominee Joe BidenContinued QE from across the globe likely to push gold even higherGold trading in a descending triangle. Precious metal markets are currently holding steady as investors eagerly awaits the final...
Bank of England leaves rates unchanged, expands QE to £875 billion, Pound Rallies
The Bank of England's (BOE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.10% at its November policy meeting. During the same meeting a decision was reached to expand the Quantitative Easing (QE) program by £150 billion...
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