Against the backdrop of escalating tensions in the Middle East, major financial institutions on Wall Street are revising their gold price forecasts upward. Goldman Sachs holds a bullish outlook, setting a target of $2,700, while Bank of America projects an even higher expectation at $3,000. UBS presents an even bolder forecast, envisioning an impressive $4,000 […]
$4K Gold? Banks’ 2024 Gold Price Forecasts Surge Read More »
The monthly silver price chart is the most powerful chart, in financial markets, not just for April of 2024, but for the entire year. The 20-year silver price chart could not have been any clearer than this – a clear and powerful silver breakout is ongoing. The upside target remains $34.70 which might be hit in May of 2024
A Stunning And Must-See Silver Price Chart Read More »
An exclusive Thursday report by the Wall Street Journal said that the Jewish state is “preparing for a direct attack” on the north or south of the country. An individual who was briefed by Iranian regime leadership stated “No final decision has been made” as attack plans have been discussed. The attack is in response to the
Copy of Israel expects Iranian attack within upcoming 48 hours – WSJ Read More »
An exclusive Thursday report by the Wall Street Journal said that the Jewish state is “preparing for a direct attack” on the north or south of the country. An individual who was briefed by Iranian regime leadership stated “No final decision has been made” as attack plans have been discussed. The attack is in response to the
Israel expects Iranian attack within upcoming 48 hours – WSJ Read More »
Gold has been a store of value for thousands of years. As of today, gold is up 800% over the past 25 years. Gold is also a safe-haven for investors as gold acts as a hedge against inflation during economic turmoil, delivering profits. This puts the commodity on a pedestal and is among the most
Gold Delivered 25% Profits Year-On-Year For 25 Years Read More »
Silver is increasingly becoming an industrial and an electrical metal, says Matt Watson, founder of Precious Metals Commodity Management LLC. Nearly a third of the global silver supply, about 300,000 ounces, is now used for solar power. Other industrial applications include automotive, solder and brazing alloys, and water purification. Solar plus automotive, which adds another
Canadian mining legends Frank Giustra, CEO of Fiore Group, and Pierre Lassonde, Chairman Emeritus at Franco-Nevada, say the West has lost its power to set the price of gold. “The marginal buyer of gold is no longer the U.S. It’s no longer Europe. It’s China. Between the country’s central bank and the Chinese public, China
Gold Price Hits New Record Highs as the West Loses Price-Setting Powers Read More »
Europe is entering a “prewar” era, cautioning that the continent is not ready and urging European countries to step up defense investment, said The Polish prime minister, Donald Tusk. Tusk said: “I don’t want to scare anyone, but war is no longer a concept from the past. It’s real and it started over two years
Europe Must Get Ready for Looming War, Donald Tusk Warns Read More »
“Gold continues to play a critical role in the global financial system, serving as a hedge against inflation, a safe haven asset, and a reserve asset for central banks,” Alimukhamedov notes in the introduction. “The role of gold as a reserve asset for central banks has been a significant driver of demand for the precious
World Bank Reveals Why Central Banks Are Dumping Greenbacks for Gold Read More »
“The Fed doesn’t want to say this explicitly, but it is actually saying (in not so many words) that a recession is very likely coming our way,” economist David Rosenberg said in a note on Thursday. In previous soft landings, the Fed usually cut rates by 75 basis points, but they’re forecasting a 150 basis-point
The Fed’s Rate-Cut Projections Are Pointing to an Imminent Recession, Economist Says Read More »
