Author Archives: cwvadmin

US debt mountain set to exceed size of entire economy, biggest since 1945

The US government’s war against the coronavirus is imposing the heaviest strain on the Treasury since America’s drive to defeat Nazi Germany and imperial Japan three-quarters of a century ago. The Congressional Budget Office has warned that the government this year will run the largest budget deficit, as a share of the economy, since 1945, […]

Gold prices could hit $3,500 in two years, analyst says

Key Points The gold market is “very strong and could hit $3,500 in two years,” according to Barry Dawes of Martin Place Securities. Garth Bregman of BNP Paribas Wealth Management said he doesn’t see “any catalyst” for gold to stop its rise in the short term, though there could be some consolidation around $2,000. Long-term low […]

Gold investment demand hits new record in June — WGC

The data keeps providing more evidence of the unprecedented investment demand for gold-backed exchange traded funds (ETFs), according to the latest data from the World Gold Council (WGC). In a report published Tuesday, the WGC said that gold ETFs saw their seventh straight month of inflows in June with gold holdings rising by 104 tons […]

Countries went on a gold-buying spree before coronavirus took hold – here’s why

The global economy was flashing danger signs long before the pandemic. For one thing, many countries were clamouring to get hold of as much gold as possible. For the past decade, they have been buying new reserves and bringing it home from overseas storage to an extent never seen in modern times. Then just before the pandemic, there was a pause. What does all this mean?

Supply crunch pushing silver price to 3-month high

All eyes are on silver as prices are starting the week with some robust follow-through buying after Friday’s breakout session. In a comment to Kitco News, Phillip Streible, chief market strategist at Blue Line Futures, said that a perfect storm of increased investment demand and falling supply is expected to continue to push silver prices […]