Although the gold market is struggling to interrupt above $1,900 an oz on the last trading day of 2020, the rally within the value isn't over yet as sentiment among retail investors remains extremely bullish before the New Year. .
Overall the highest 20 gold miners are projected to lose ~5% of their total 2020 gold output primarily due to the pandemic and related suspensions.
It means that the immediate economic outlook is going to be dark. The short-term economic slowdown is sweet information for the gold market.
Gold prices will break out of a ght trading range in 2021 as infla on worries stoke demand, Goldman Sachs analysts said in a note. The bank holds a $2,300-per-ounce price target for the precious metal, implying a 22% rally from current levels over the next 12 months.
The Modern Monetary Theory believers are not the first ones to believe that money grows on trees. Most of the 5-year olds believe it, too.The combined stupidity and arrogance of the elite, is boomless.
Article Abstract - A bank which started as a specialist bank for financing foreign trade and exporting German exports in 1870 had grown up into a multinational investment bank and financial services company. It is the largest European bank to have its own private label in the Wall Street.
With US elections on the other side of the week most of the investors and capitalists are on the cliff for the early predictions of the us elections. Most curious are the investors who involves gold into their monetization practices.
All the fundamentals point higher for gold, while the techies suggest we could well see a little more…