December 2020 - Week 3 Edition
Our 2020 Gold and Silver Price Projections Were Too Conservative! How About 2021 – Could We Be “Too Conservative” Again?
Our 2020 predictions for gold and silver turned out to be conservative. Way back in July 2019, when silver was barely $15, we “boldly” predicted $18 silver by year’s end and $20 silver in 2020. Well, we reached $18 silver in three months and $20 silver by July 2020. Then silver rose to $29 in August 2020!
December 2020 - Week 2 Edition
Mainstream Banks See Gold Rising to $2,200 to $2,400 and Silver Reaching $30 to $40 in 2021
Analysts at Citibank see gold rising to $2,200 in the short-term – on a three-month horizon – and then rising to $2,400 within six to 12 months. This marks an increase from their early July forecast of a 2021 high of $2,275, made shortly before gold ascended to its recent record high of $2,076.
December 2020 - Week 2 Edition
Mainstream Banks See Gold Rising to $2,200 to $2,400 and Silver Reaching $30 to $40 in 2021
Analysts at Citibank see gold rising to $2,200 in the short-term – on a three-month horizon – and then rising to $2,400 within six to 12 months. This marks an increase from their early July forecast of a 2021 high of $2,275, made shortly before gold ascended to its recent record high of $2,076.
December 2020 - Week 2 Edition
Mainstream Banks See Gold Rising to $2,200 to $2,400 and Silver Reaching $30 to $40 in 2021
Analysts at Citibank see gold rising to $2,200 in the short-term – on a three-month horizon – and then rising to $2,400 within six to 12 months. This marks an increase from their early July forecast of a 2021 high of $2,275, made shortly before gold ascended to its recent record high of $2,076.
December 2020 - Week 2 Edition
Mainstream Banks See Gold Rising to $2,200 to $2,400 and Silver Reaching $30 to $40 in 2021
Analysts at Citibank see gold rising to $2,200 in the short-term – on a three-month horizon – and then rising to $2,400 within six to 12 months. This marks an increase from their early July forecast of a 2021 high of $2,275, made shortly before gold ascended to its recent record high of $2,076.
December 2020 - Week 1 Edition
Silver American Eagle Sales Soar 10-Fold in November 2020 Over November 2019
During November, the U.S. Mint sold 4,805,000 one-ounce Silver American Eagle coins, more than 10 times the 463,000 coins sold in November 2019, bringing the year-to-date totals to almost a 100% gain (29.3 million ounces vs. 14.8 million last year).
November 2020 - Week 4 Edition
George H.W. Bush Coins Launch the “Roaring 20s” Coin Rush Next Week
We have been writing about the new “Roaring 20s” increase in new gold and silver coins to be designed and minted in the 2020s, including a new design on the reverse of the American Eagle gold and silver coins next year – the first change in 35 years, since their inauguration in 1986.
November 2020 - Week 3 Edition
George H.W. Bush Coins Launch the “Roaring 20s” Coin Rush Next Week
We have been writing about the new “Roaring 20s” increase in new gold and silver coins to be designed and minted in the 2020s, including a new design on the reverse of the American Eagle gold and silver coins next year – the first change in 35 years, since their inauguration in 1986.
November 2020 - Week 3 Edition
World Gold Council Shows Private Investment Gold Demand is Growing in 2020
The latest World Gold Council (WGC) report of third-quarter gold supply and demand showed that total holdings in gold-backed ETFs reached a record high 3,880 metric tons.
November 2020 - Week 2 Edition
“Gold is One of the Winners of the U.S. Election” – Barron’s, November 9, 2020
In the upcoming edition of Barron’s, going to press Friday night, the outlook for gold was strong, and nothing really changed over the weekend, except that Pfizer chose to announce its big vaccine news in the “Biden era” and drive gold down briefly. However, the principles in this pro-gold column still apply.
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