Saturday, July 12, 2025

Latest

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

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

Bank of America Targets Gold Prices to Reach $3000

The Bank of America has increased its 18-month gold target from $2,000 to $3,000 per...

Tuesday, April 21, 2020, 08:57:24 PM

Premier Gold Announces US$50.0 Million Acquisition Of Nevada Assets

Premier Gold Mines (TSX: PG) this morning announced that it has entered a definitive purchase...

Monday, August 10, 2020, 08:23:16 AM

The Growing Demand For Physical Gold – The Daily Dive

Today on The Daily Dive, we welcome back Peter Grandich, CEO of Petergrandich.com. Today, we...

Wednesday, February 2, 2022, 01:30:00 PM

New Found Gold Sees Eric Sprott Take Down Entire $15.0 Million Flow Through Financing

New Found Gold (TSXV: NFG) is looking to raise further funds. The company this morning...

Thursday, March 18, 2021, 08:31:42 AM

US Senate Passes $1 Trillion Infrastructure Bill

In a rare moment of unity, the US Senate passed the flagship infrastructure bill, which...

Wednesday, August 11, 2021, 11:27:00 AM