Chinese Buy Gold In Large Volume In Holiday Week as Gold Jewelry Sales ‘Soar’

Chinese Buy Gold In Large Volume In Holiday Week as Gold Jewelry Sales ‘Soar’

] ◆ Gold is marginally lower today at $1,503/oz and stocks are mixed ahead of what are set to be tense U.S. and China trade negotiations. ◆ Gold sales are expected to accelerate through the end of the year due to weakening global economic conditions, according to Mike McGlone, a Bloomberg Intelligence senior commodity strategist … Read more

Gold To Triple to $4,000? Options Traders Positioning Themselves With Large Trades

Gold To Triple to $4,000? Options Traders Positioning Themselves With Large Trades

] Source: Bloomberg ◆ Gold could triple to $4,000 according to “bold bets” in the options market New York ◆ Gold options market saw $1.75 million in block trades speculating that gold will surpass it’s nominal record and could almost triple in a year ◆ 5,000 lots of a gold option giving the holder the … Read more

Silver Prices To Gain Due To Expanded Industrial and Investment Demand for ETFs, Coins and Large Bars

Silver Prices To Gain Due To Expanded Industrial and Investment Demand for ETFs, Coins and Large Bars

] Source: Silverprice.org Macroeconomic and geopolitical conditions will remain broadly supportive for precious metals, encouraging investors to remain buyers of silver, a development that should lift silver prices higher this year, according to officials of the Silver Institute.The Institute provides the following insights on 2020 silver market trends. Silver Demand The Silver Institute foresees a … Read more

Gold Surges 6% On Large Bar Shortage, Massive Demand and Unlimited Currency Creation

Gold Surges 6% On Large Bar Shortage, Massive Demand and Unlimited Currency Creation

] ◆ GoldCore remains open for business. Stocks of coins and bars have been depleted globally due to massive demand. We are buying coins and bars from clients and we are continuing to buy and sell gold and silver certificates. We are selling coins and bars when we receive stock from clients or directly from … Read more