Monday, September 15, 2025

Gold Rallies upto 7% as Central Banks Around the Globe Continue to Print their Way Out of the Coronapocalypse

This morning Gold has rallied approaching 7 year highs.

We can see Gold is pushing for a breakout looking at the 10 Year:

Why? A simple news list might explain:

Where are the discount rates? With the exception of China, everyone is near zero:

And of course, the expansion of Central Banks balance sheets:

In a letter on March 23, Goldman Sachs reaffirmed their 12-month target for gold to advance to $1,800 an ounce, which would bring us to 2011 levels.

We believe this will likely lead to debasement concerns similar to the post-GFC period…. Accordingly, we are likely at an inflection point where ‘fear’-driven purchases will begin to dominate liquidity-driven selling pressure, as it did in November 2008.”

Goldman Sachs March 23 Note

Peter Schiff, one of the largest champions of Gold says this is just the beginning, expect an all time high before year end:

At the time of publishing, Silver has ran 6.7% to over $14. Platinum rose 6.8%. Palladium jumped as much as 16%, showing the largest intraday increase since 1998. South Africa said it will close its mines for 21 days as part of a nationwide lockdown; accounting for 75% of the world’s platinum and 38% of palladium supply.


Information for this briefing was found via Reuters, Kitco, Twitter and Refinity Datastream. Not a recommendation to buy or sell any securities. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Copper, Gold To See ‘Immediate Price Boost’ From Potential Rate Cuts

Analysts at Goldman Sachs are projecting potential interest rate cuts by the US Federal Reserve...

Thursday, February 22, 2024, 02:14:00 PM

London Metal Exchange To Cease Trading In Gold, Silver

The London Metal Exchange is exiting the precious metals business. The exchange today indicated that...

Friday, April 22, 2022, 02:30:00 PM

Pretium Resources Sells Snowfield Property For US$100 Million, Records Significant Impairment In Process

Pretium Resources (TSX: PVG) (NYSE: PVG) this morning announced that it has agreed to sell...

Friday, December 4, 2020, 07:50:23 AM

Grande Portage Hits 20.70 G/T Gold Over 3.22 Metres At Herbert Gold Project

Further assay results have been released by Grande Portage Resources (TSXV: GPG) related to its...

Tuesday, November 24, 2020, 09:20:04 AM

BMO Expects Equinox to be in Breach of its Leverage Ratio at Year-End, still gives Outperform Rating

On December 6th, Equinox Gold (TSX: EQX) announced that it sold an aggregate of 11...

Saturday, December 10, 2022, 06:16:00 PM