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  • rticle:   The world has seen hot wars, cold wars, trade wars and currency wars and now the U.S. in a bid to retain its dominance in financial markets is embarking on a capital war with China, according to one researcher. In an interview with Kitco News, Michael Howell, managing director at CrossBorder Capital and author of his new book Capital Wars, warned investors that they can expect to see higher volatility over the years as China challenges the U.S. reserve currency status. “We&#

  • Gold prices have pushed to within striking distance of $1,800 an ounce, but the rally comes during the market’s seasonally slow period and according to one market analyst, it could be an uphill battle for further gains. In an interview with Kitco News, Mickey Fulp, creator of the Mercenary Geologist Newsletter, said that traditionally, gold prices have a strong start to the year, prices are flat through spring and usually hit a low in late summer, early fall. “We expect during the pe

  •   Gold prices have pushed to within striking distance of $1,800 an ounce, but the rally comes during the market’s seasonally slow period and according to one market analyst, it could be an uphill battle for further gains. In an interview with Kitco News, Mickey Fulp, creator of the Mercenary Geologist Newsletter, said that traditionally, gold prices have a strong start to the year, prices are flat through spring and usually hit a low in late summer, early fall. “We expect during

  •   Investment demand for silver is finding some momentum. Although the price has room to run higher as the gold-silver ratio falls to its lowest point in three months, below 100, one trader said that gold will remain the top asset to preserve wealth. In an interview with Kitco News, Lior Gantz, creator of the Wealth Research Group, said that he likes silver as a short-term trade, but he is focused on gold as a store of wealth in the face of growing global recession fears due to the COVID-19

  •   The liquidity injected by the Federal Reserve is equivalent to borrowing money from future generations, said Alex Mashinsky, CEO of Celsius Network. “All that is not good for us long-term. What we’re really doing is is we’re borrowing from the future. We’re reaching out to the future, we’re borrowing from our children, spending it today to save our lifestyle and our level of income and we’re leaving the IOU to our children,” Mashinsky told Kitco News. Mashinsky, who has himself invested i

  •   The Federal Reserve is going to create an inflationary environment that is like a tax that will hurt society on all levels, according to Peter Schiff, chief executive officer of Euro Pacific Capital. “I think most people are going to get wiped out by the inflation tax. All of this government is not free. This incredible increase in the size of government is going to cost somebody. Somebody has to pay the bill for all the bailouts and all the stimulus, and if we’re not raising taxes, then

  •   Major bull rallies in gold stocks have been preceded by generalist investors rushing back into the sector, and this is exactly what is happening right now, said Frank Holmes, CEO of U.S. Global Investors. April saw historical highs in gold-backed ETF inflows, as well, record number of new online trading accounts have been opened during the last two months. “This past quarter has been a game changer. We now have gold rally for three years, and we have many big gold producers promoting and

  •   The COVID-19 pandemic has increased deflationary risks in the global economy, but according to one economist, it’s the long-term inflation threats that investors have to pay attention to as governments and central banks around the world pump liquidity to support the devastated global economy. In an interview with Kitco News, Thorsten Polleit, chief economist at Degussa, Europe’s largest precious metals trading firm, said that inflation is more than just prices consumers see on

  •   As logistics in the bullion sector have improved over the last few weeks, premiums on gold and silver products have declined, and more stability can be expected going forward, this according to Peter Hug, Global Trading Director of Kitco Metals. “We’re starting to see the supply chains open up, and to give you an anecdotal example, I’ve got shipments because we have a Hong Kong office. Two weeks ago, it would have taken me two weeks to just get a quote. I called this morning, and within t

  • The COVID-19 pandemic has increased deflationary risks in the global economy, but according to one economist, it’s the long-term inflation threats that investors have to pay attention to as governments and central banks around the world pump liquidity to support the devastated global economy. In an interview with Kitco News, Thorsten Polleit, chief economist at Degussa, Europe’s largest precious metals trading firm, said that inflation is more than just prices consumers see on their

  •   Long-term, investors can expect gold prices to climb multiple times its current value, and silver prices to rally into the triple digits, but they should not count on the precious metals to break out in the short-term. In fact, a correction is due and investors should take this as a buying opportunity, said Florian Grummes, managing director of Midas Touch Consulting. “It looks like [gold will get] a consolidation on the higher levels, with one nasty, little pullback where all the weak ha

  •   Investors have to remember that the fundamental cause of this current recession is different from that of the last one in 2008 and should price gold in accordingly, said Peter Hug, global trading director of Kitco Metals. “This is not the financial crisis of 2008, this is a health crisis. Gold did rally from the $1,500s to the mid-$1,700s and is now straddling the $1,700 mark and everyone’s anticipating that gold should be $3,000 an ounce because of the Fed stimulus,” Hug told Kitco News.

  •   Precious metals investors should not be paying much attention to the short-term price action in gold and silver. Instead, Andrew Hecht, founder of the weekly Hecht Commodity Report, said that unprecedented monetary and fiscal stimulus will ultimately drive gold prices to record highs in the long-term. In an interview with Kitco News, Hecht said that he continues to see similarities between the price action in gold during the 2008 financial crisis and current market conditions as the globa

  •   The commodities complex will likely see another bull run in the next three to five years, this according to Rick Rule, president of Sprott U.S. “My suspicion is that the next five years will be very good for natural resources investors, with precious metals enjoying a two or three-year bull market and somewhere towards the end of that bull market, the rest of the commodities complex catching fire,” Rule told Kitco News. Rule noted that the current recession will be much sharper than the l

  •   The gold market saw unprecedented investment interest, with inflows into gold-backed exchange-traded-products rising 300% in the first quarter of 2020 compared to levels seen one year ago. Juan Carlos Artigas, director of investment research at the World Gold Council, said that ETF investment demand has room to grow further as the yellow metal establishes itself as a global asset. “When you look back 10 or 15 years ago [ETFs were] very much a North American phenomenon. Well this tim

  •   Governments and central banks are throwing all the money they can into financial markets to support a flaying global economy rocked to its core from the COVID-19 pandemic. Although the world could see the worst downturn since the Great Depression of the 1930s, Axel Merk, chief investment officer and president of Merk Investments, warned investors: “there will be no free lunch.” Merk said that he likes gold as a hedge against these unprecedented measures and the growing risk th

  •   Gold prices are well supported around $1,800 an ounce as central banks and governments pump liquidity into financial markets, providing much needed life-support for the global economy hit by the COVID-19 pandemic, this according to Kristina Hooper, chief investment officer at Invesco. However, investors should also expect to see some wild volatility this year, Hooper told Kitco News. Hooper said that she sees the potential for gold to trade in a wild range between $1,500 and $2,000 an oun

  • Economic data has not yet reflected the true scale of the economic disaster we are facing, but as numbers come out in the coming weeks, a risk-off sentiment could ensue, this according to Jim Wyckoff, senior analyst at Kitco. “We have big risks still ahead for the U.S. economy and for other economies around the world,” Wyckoff told Kitco News. “We are going to start to see economic data in the U.S. and in Europe show up that’s going to be really staggering, to remind us how serious the damage ha

  • Despite a weakened economy, stocks continue to rise on the back of monetary stimulus, which is bound to push gold prices even higher, this, according to Frank Holmes, CEO of U.S. Global Investors. Stocks are going up “because of the trillions and trillions of dollars of money printing from the helicopters of central bankers. The G20 central bankers, the G20 finance ministers, that’s a cartel, like OPEC,” Holmes told Kitco News. Fundamentally, gold’s supply deficit should also provide tailwinds,

  • The Federal Reserve is wrapping up its first regularly scheduled monetary policy meeting since the global economy was turned upside down because of the COVID-19 pandemic. Since early March, the U.S. central bank has thrown all it can at the growing economic crisis; in less than two months, it lowered interest rates to the zero bound range and introduced unlimited quantitative easing measures. Peter Grosskopf, chief executive officer at Sprott Inc., said that he doesn’t think the Federal Re

  • The pandemic has made it more difficult for current President Donald Trump to be re-elected in November, this according to Matt Gertken, vice president of geopolitical strategy at BCA Research. A Trump victory is no longer the base-case scenario, Gertken said, owing to the fact that a recession has traditionally made it difficult for an incumbent to be re-elected. “President Trump was lined up to win the election,” Gertken told Kitco News. “We’ve got good data on [the elections], going back over

  • Physical precious metals investors continue to get hit with bad news after Reuters reported that Scotiabank would wind down its precious metals business by 2021. Peter Grosskopf, chief executive officer at Sprott Inc., said that this could add to the supply crunch for gold. The COVID-19 pandemic has already severely impacted the precious metals’ global supply chain. “We were already having a tough time getting the amount of physical that we require. I think it’s going to be tha

  • Central banks have one main role in society: control the amount of money floating in the system. However, according to Adam Button, chief currency strategist at ForexLive.com, they are abdicating that role. Last weekend Adrian Orr, Governor of the Reserve Bank of New Zealand made only small ripples in financial markets when he said that he was open-minded about monetizing his nation’s debt last week. Button said that he was haunted by those comments during the weekend as this could be the start