Tuesday, July 21, 2020 12:35:36 PM
Silver is massively outperforming gold...
Erasing all of the pandemic/easing driven spike...
Citi analysts said in a note this week, gold is benefiting from loose monetary policy, low real yields, record inflows into exchange-traded funds and increased asset allocation. They expect the precious metal to climb to an all-time high in the next six-to-nine months, and there’s a 30% probability it’ll top $2,000 an ounce in the next three-to-five months.
“Nominal gold prices have already posted fresh records in every other G-10 and major emerging market currency this year,” the analysts said.
“It is only a matter of time for fresh” highs in U.S. dollars, they said, adding that demand for a store of wealth should also lift silver.
Citi is the latest in a growing line of firms suggesting precious metals have more room to run - even making new record highs (in US terms).
Is the woirld losing faith in fiat?
Get back to work Mr.Gilson...
https://www.zerohedge.com/news/2012-12-28/fleecebook-meet-benoit-gilson-head-foreign-exchange-gold-bis
from Zerohedge
(((So says the banker)))
$MUX
Recent MUX News
- McEwen Mining Announces Friendly Acquisition of Timberline Resources • GlobeNewswire Inc. • 04/16/2024 04:31:59 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/01/2024 02:29:09 PM
- McEwen Mining: 2023 Year End and Q4 Results • GlobeNewswire Inc. • 03/01/2024 02:29:28 AM
- McEwen Mining 2023 Results Conference Call • GlobeNewswire Inc. • 02/28/2024 06:57:19 PM
- McEwen Mining: Stock Exploration Update • GlobeNewswire Inc. • 02/28/2024 12:00:00 PM
- McEwen Copper: Update on Assay Results at Los Azules • GlobeNewswire Inc. • 02/26/2024 03:00:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/22/2024 09:15:34 PM
- McEwen Copper Reports Improved Copper Recovery • GlobeNewswire Inc. • 02/22/2024 06:24:48 PM
- McEwen Mining: 2023 Production and Guidance for 2024 • GlobeNewswire Inc. • 02/12/2024 09:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/15/2023 09:15:36 PM
- McEwen Mining Closes Flow-Through Financing • GlobeNewswire Inc. • 12/14/2023 05:53:07 PM
- McEwen Mining Appoints a New Director • GlobeNewswire Inc. • 12/13/2023 09:42:37 PM
- McEwen Mining: Q4 Preview • GlobeNewswire Inc. • 12/12/2023 11:51:55 PM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM
Avant Technologies Launches Advanced AI Supercomputing Network and Expansive Data Solutions • AVAI • Apr 23, 2024 8:00 AM
BestGrowthStocks.com Issues Comprehensive Analysis of Triller Merger with AGBA Group Holding Limited • AGBA • Apr 22, 2024 1:00 PM
Cannabix Technologies to Present Marijuana Breathalyzer Technology at International Association for Chemical Testing (IACT) Conference in California • BLO • Apr 22, 2024 8:49 AM
Kona Gold Beverages, Inc. Prepares for First Production Run Set to Launch May 17, 2024 • KGKG • Apr 22, 2024 8:30 AM