Industry Commentary

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For the Following Author: Mark Yaxley

Sep 7, 2020

How high can the gold price go? Well from a technical analysis standpoint, Chris Vermeulen of has stated that we could be looking at gold prices 250-350% higher than today's prices, with silver gaining 550-750%. At first glance these figures may seem astonishing, but the fact that they are based on Chris' expert technical analysis, and not simple speculation, makes them much more reliable.

Aug 8, 2020

In the last 5 weeks; Gold prices have surged $280/oz or 16% Silver prices are up $10.50/oz or 58%

Jun 24, 2020

The positive momentum for precious metals continues, as the effects of Covid linger and an overall risky marketplace continue to push investors towards safe havens. The gold price is up another $30 since our last update on May 22nd, trading today at $1766/oz USD. That's 27% year-over-year and 16% since January 1st, 2020 to the upside. All smiles over here.

May 22, 2020

The gold price is up another 2% since my last update on May 1st, trading today at $1736/oz USD. Analysts are making bullish predictions for the price almost daily and the ETF inflows have been net positive for the last 20 trading sessions, two positive indicators that the market's sentiment for gold is highly favorable at the moment.

Apr 20, 2020

This week saw the market lose yet another major producer to the COVID virus. The United States Mint, North America's largest producer of gold and silver bullion products, announced the closure of its West Point, New York facility on Wednesday, due to concerns for their workers' safety. The closure throws yet another wrench in the industry's already fragile supply chain.

Apr 11, 2020

This past week was very positive for the precious metals. Not only were prices for both gold and silver up significantly, our industry has also had the chance to catch its collective breath following 'March Madness'.

Apr 3, 2020

This week was a continuation of the 'new normal', which is anything but normal. COVID continues to complicate our work and personal lives, including the precious metals supply chain. I'll start there.

Mar 28, 2020

Gold closed last week at $1484/oz. A week later, the yellow metal is firmly positioned at $1627/oz, having experienced some of the largest single day movements in its history. Silver fared equally well, rebounding from $12.35/oz to $14.48/oz this week (prices are in USD). The price action was reflective of continued strong demand, bordering on 'extreme', for the metals. At this point, it's safe to say that most of the required selling of metal positions to cover margin calls and other liquidity requirements has ended. The fundamentals are now setting up nicely moving forward.

Mar 20, 2020

There is A LOT going on with precious metals at the moment. In fifteen years, I've never experienced a week quite like this one. I'm going to focus my comments today on the most critical points for investors; product availability, product premiums and the price outlook going forward.

Mar 13, 2020

I don’t generally comment on the markets unless I feel we’ve reached a critical point. My last communication with regards to the state of the market was back in September 2019 when I said that I believed we were entering the early stages of a precious metals bull market. Gold was trading at $1538 at the time. Just last week, we touched a seven year high for gold, and today we’re back to $1530 following a dramatic series of trading sessions, not only for the metals, but also for the global equity markets.

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