Gold and Silver To Surge To $1,650 and $30 By 2020

- Gold to outperform stocks again in 2019 as seen in 2018 and last 15 years
- 15% to 20% gains for gold and 30% to 40% gains for silver quiet likely

- Given scale of under valuation, strong fundamentals including robust demand and anemic supply and high level of risk, both precious metals are likely to surge in 2019 and 2020

- Gold and silver likely to reach highs over $1,650 and $28 per ounce
- On the high side, we may see a price increase of 30% for gold in 2019 as was seen in 2007 and 2010 and silver may surge 80% as it did in 2010 is possible (see table)

- Past performance is no guarantee of future returns but along with the positive supply and demand fundamentals and the uncertain economic backdrop, they give an indication of possible returns
- Currency reset would see gold to $5,000 to $10,000 and silver at over $250 per ounce as predicted by Rickards and others

 

 

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News and Commentary

Goldman Predicts Gold Prices to Climb to Highest Since 2013 (Finance.Yahoo.com)

Gold prices inch up as dollar softens on Fed rate outlook (Reuters.com)

Asia stocks reach five-week high, yuan makes big weekly gains (Reuters.com)

Newmont cuts 120 jobs at Nevada gold mining operation (Reuters.com)

Wall Street inches lower on Powell’s comments, retail weakness (Reuters.com)

Azerbaijan’ $39 Billion State Fund to increase gold holdings from 5 to 10% in 2019 (Reuters.com)

Russia dumps $101 billion in U.S. bonds and Buys 25% of World Chinese yuan reserves (Bloomberg.com)

Yellow vest protesters aim to crash French banking system (News.com.au)


Source: Bloomberg


Source: Bloomberg

France’s Yellow Vest Protesters: Unleash Chaos by Withdrawing All Money From Banks (MoneyMarkets.com)

From Jaguar to Macy's, Global Gloom Spreads Across Industries (Bloomberg.com)

Silver Manipulation Questions - Only the U.S. Justice Department Can Get Answers (SilverSeek.com)

The Chart That Convinced Albert Edwards A Recession Is "Imminent" (ZeroHedge.com)

China Car Sales Collapse: First Annual Drop In Over 20 Years (ZeroHedge.com)

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Gold Prices (LBMA PM)

10 Jan: USD 1,292.40, GBP 1,012.98 & EUR 1,121.54 per ounce
09 Jan: USD 1,281.30, GBP 1,006.41 & EUR 1,118.32 per ounce
08 Jan: USD 1,291.90, GBP 1,006.71 & EUR 1,121.62 per ounce
07 Jan: USD 1,291.50, GBP 1,013.83 & EUR 1,129.03 per ounce
04 Jan: USD 1,290.35, GBP 1,016.80 & EUR 1,131.24 per ounce
03 Jan: USD 1,287.95, GBP 1,024.05 & EUR 1,132.62 per ounce
02 Jan: USD 1,287.20, GBP 1,014.44 & EUR 1,125.27 per ounce

Silver Prices (LBMA)

10 Jan: USD 15.70, GBP 12.33 & EUR 13.63 per ounce
09 Jan: USD 15.62, GBP 12.27 & EUR 13.64 per ounce
08 Jan: USD 15.64, GBP 12.24 & EUR 13.64 per ounce
07 Jan: USD 15.75, GBP 12.35 & EUR 13.77 per ounce
04 Jan: USD 15.70, GBP 12.40 & EUR 13.76 per ounce
03 Jan: USD 15.53, GBP 12.37 & EUR 13.70 per ounce
02 Jan: USD 15.44, GBP 12.19 & EUR 13.51 per ounce

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- Gold At 6 Month High At $1,300 and All Time Record Highs In Australian Dollars Over $1,870
- Gold Hedges Stock Market Falls In 2018 – Gains 2.7% In Euros and 3.8% In Pounds
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