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  • As bitcoin price fell by 20% on Monday, some traders are anxious to know if now is the time to buy. Todd Horwitz of BubbaTrading.com is waiting for this pullback to continue some more. “I would wait. If I were going to step in and buy bitcoin today I’d be looking for more like $25,000 for me. Right now it’s in almost a freefall from the $43,000 we saw over the weekend,” Horwitz said. Bitcoin’s recent rise can be attributed to financial institutions buying, but also to the overall frothiness of t

  • With lockdowns resuming in Europe, concerns rise that London, a major vaulting center, will face logistical challenges in transporting and servicing gold and silver bullion, similar to what happened in March that led to shortages of the physical precious metals markets. Ruth Crowell, chief executive of the London Bullion Market Association (LBMA), said that vaults and service providers are more prepared this time around. “This is something we talk about in terms of potential market disruptions,

  • Investors are dumping lower yielding assets like gold to buy higher volatility securities like Tesla shares and bitcoin, said Gareth Soloway, chief market strategist at In The Money Stocks, but Soloway is not selling his gold yet. “The one thing I would say to investors that are into gold is stick with it. This to me is a classic retrace, it’s had a great move up, it’s seeing a sell-off,” Soloway said. “The shorter term investors are saying, why am I in gold when bi

  • With lockdowns resuming in Europe, concerns rise that London, a major vaulting center, will face logistical challenges in transporting and servicing gold and silver bullion, similar to what happened in March that led to shortages of the physical precious metals markets. Ruth Crowell, chief executive of the London Bullion Market Association (LBMA), said that vaults and service providers are more prepared this time around. “This is something we talk about in terms of potential market disruptions,

  • America is not headed for another Civil War, but what investors can expect is an appreciation of commodity prices in the wake of major economic changes, said E.B. Tucker, director of Metalla Royalty and author of “Why Gold, Why Now.” “We have an opportunity with gold because what we’re going to see is that companies are going to run into some trouble when costs are rising, labor costs are rising…commodities are all going up,” Tucker said. “If I told you [after] you woke up today from being aslee

  • Hong Fang, CEO of OKCoin, doubles down on her $100,000 price call for bitcoin in 2021 owing to adoption from institutional investors and the growing acceptance of bitcoin as a viable store of value. Fang’s comments come as bitcoin hit $40,000 on Thursday. “I’m still very bullish on bitcoin for the mid to long-term and I do think that for the next 12 months that $100,000 price point is still achievable,” Fang said.

  • A Democrat lead in the Georgia Runoffs election should be positive for gold, as more stimulus can be expected from a Democrat-controlled Senate, but instead, gold prices fell today. Gary Wagner, editor of theGoldForecast.com, said that markets have taken a more risk-on sentiment following the news. “I believe the Dow had a lot to do [with it], putting a risk-on market environment and taking away that safe-haven sentiment, and that’s one of the reasons we saw such a brisk sell-off, Wagner said. T

  • When something goes straight up, it usually comes straight back down said Chris Vermeulen, chief market strategist at The Technical Traders, referring to bitcoin’s recent parabolic move upwards. “Typically when [you have] a multi-year base, typically you’re going to see two to three times that rally to the upside. We’re almost at two times that level, $36,000 is pretty much the upside target. The more something goes straight up, the more likely it is to come straight back down,” Vermeulen

  • The economy will not recover at a rapid pace in 2021, said David Morgan of The Morgan Report, leading investors to flock to safe haven assets. “I don’t think we’re going to see much of a recovery next year. We could, but I don’t think we’re going to see the risk-on type of situation, I think a lot of people are going to be looking for safe havens,” Morgan said. However, certain sectors that require silver will not go out of business any time soon, Morgan noted. “Next year you’re going to have a

  • The “future” is already happening now, and copper stands to benefit the most from the electrification of our economy, said Gianni Kovacevic, CEO of CopperBank.

  • 2021 is not going to be the year of another market crash, said Frank Holmes, CEO of U.S. Global Investors. In fact, the economy is expected to see a substantial rebound, followed by a rally in gold, stocks, and bitcoin. Total stimulus, both monetary and fiscal, has now reached $10 trillion. “It’s ignited the PMI. The Purchasing Managers’ Index is a great leading indicator. When that turns for China and when that turns for America, we’re 40% of all global trade, copper, iron, all the metals

  • As we say goodbye to 2020 and tabulate all of its highs and lows, here is a look back at Kitco’s top stories from this very turbulent year. 1. The number one story from 2020 is about stocks being at risk of a massive selloff and gold’s potential boom. The cyclical bull market for equities is over, HS Dent founder Harry Dent told Kitco News in November. After December, stocks will begin a secular multi-year decline, starting with a 40% correction by April, Dent pointed out. “If

  • Gold bullion and gold stocks are different asset classes that serve different purposes; the former is a currency that hedges against fiat currencies, while the latter is more risky and gives leverage to the metal, said Whitney George, president of Sprott Inc. “The metal represents a currency and a hedge against this country and others mismanaging their currencies. It’s almost a bond surrogate. Certainly, it performs and provides the kind of insurance that you would get in a bond portfolio partic

  • Kevin O’Leary, chairman of O’Shares ETFs and star of Shark Tank, said that the digitization of America is here to stay, even if the economy opens up again. Some sectors will continue to outperform others, O’Leary said. “I think we [have recovered] in 80% of the cases. There are some sectors that are disadvantaged and will remain so, and also there has been some permanent change in consumer preferences and how they buy,” he said. Business travel, hospitality, and ent

  • The equities markets have reached a top and are due for a pullback by about 15% – 20% in the New Year, said Gareth Soloway, chief market strategist at InTheMoneyStocks.com. “We’re now getting to a point where we have such inflated valuations that if you don’t get this monstrous beyond 35% earnings growth [that some analysts are forecast] then markets are going to sell-off pretty sharply,” Soloway said. While the S&P 500 has broken out above its multi-year trendline, history suggests th

  • Gary Wagner, editor of TheGoldForecast.com will join Kitco News for the channel’s first ever live-streamed interview on Tuesday, December 22, at 4:00 pm EST. The discussion will center around the outlook for the precious metals, with an introductory segment on technical analysis and chart reading. Wagner will combine historical cycle analysis for his long-term outlook, as well as the latest price action for short-term commentary.

  • Commodities, including gold, have been seeing initial signs of a long-term bull supercycle, said Steve Hanke, professor of applied economics at Johns Hopkins University. “Supply is very constrained, inventory is very low, and then as the economy starts kicking in and moving forward, commodity prices go way up and you do start a supercycle. I think we are seeing the initial signs that that might be in the wind,” Hanke said.

  • Guest(s): Gareth Soloway Chief Market Strategist, InTheMoneyStocks.com The equities markets have reached a top and are due for a pullback by about 15% – 20% in the New Year, said Gareth Soloway, chief market strategist at InTheMoneyStocks.com. “We’re now getting to a point where we have such inflated valuations that if you don’t get this monstrous beyond 35% earnings growth [that some analysts are forecast] then markets are going to sell-off pretty sharply,” Soloway said.

  • The economy could contract again in 2021, as many small business losses are permanent, and rising unemployment appears to be a trend, said Danielle DiMartino Booth, CEO of Quill Intelligence. “Between the retail sales report that was weak and the jobless claims…it’s clearly a trend. If you ask an economist, they need three prints of data for something to be established as a trend. We have a trend of rising unemployment claims in this country and we’re seeing more of the country shutting down inv

  • Fiat currencies have historically lost most of their value after de-pegging from gold, and the best way to protect against an inevitable decline of the U.S. dollar is to buy bitcoin or gold, says Alex Mashinsky, CEO of Celsius Network. “The history of fiat demonstrates that every fiat currency, over time, will lose all its value,” Mashinsky said. Even though the dollar has already lost 90% of its value since the end of the Bretton Woods, more devaluation could still occur. “We unpegged in 1971 a

  • The broad equities index remains the only “threat” to gold and gold investors, said Rick Rule, president of Sprott U.S. “The bull market that we have experienced in equities and bonds going back to 1982, might lead to a circumstance where some investors and speculators believe that broad-based equity ETFs, like the S&P 500 ETf, are reasonable stores of value in terms of protecting one’s purchasing power. In other words, the broad equities markets, may develop in some people’s minds, as a com

  • MindMed (MMED.NE) has surpassed the $2 billion market cap on Monday when shares surged 35% by midday. Year-to-date, the company’s stock more than 10 times, from 53 cents in March to $5.60 by the end of the trading day. Institutional investors are starting to come into the psychedelic drug space because the danger of mental health issues is becoming a serious problem for society. Even though vaccines for COVID-19 are likely to break the lockdown restrictions, depression and mental health issues a

  • Gold investors are prone to making common mistakes that can be detrimental to a portfolio, including excessive diversification, picking companies that don’t adhere to an investment objective, and not sticking with management teams with proven track records, said Rick Rule, president of Sprott U.S. “If I had just hung out with the Ross Beatys, the Bob Quartermains, the Robert Friedlands, the Lukas Lundins, all of them I’ve done business with, by the time I was 35 and not bothered with the rest of

  • Gold has bounced back from its support level of the low $1,800s, and is on track to touch $1,920 by Christmas time, said Peter Hug, global trading director of Kitco News. “I would anticipate $1,850 gets taken out next week and it’s still possible in my opinion to see, before Christmas, the $1,925 level tested,” Hug said. Even though fiscal stimulus may not come before the New Year, monetary policy remains constructive for gold. “The stimulus is obviously very important to the general population

  • Gold is in recovery mode but is this a start of another bull run or just a reaction to an oversold drop in November? This is exactly what Kitco News asked the analysts this week and the optimists prevailed. Just a bit of background here, gold rose back above $1,800 an ounce in December and even attempted to hit a key level of $1,850 several times. Analysts say that once that level is breached, gold could be ready to approach $1,900. After that, the key resistance level becomes $1,925, which woul

  • (Kitco News) – Silver may be Thomas Kaplan’s first love as he sees the potential for the precious metal to eventually push to $100; however, he is also not giving up on gold as he sees the yellow metal in the third-wave of a secular bull market that will take it “way past new highs.” Many investors turned bullish on gold in mid-2020 as central banks and governments flooded financial markets with massive liquidity to support the besieged global economy, devastated by the C