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Gold And Silver: With Some Price Variations, But Without Trend
Although financial markets have lost their fear of the coronavirus pandemic, there are currently no strong trends in the gold and silver markets. While we agree that there is some downside risk to the US dollar, it should be insufficient to revive last year’s record trajectory, especially as safe haven demand will weaken further. Q4 2020 hedge fund letters, conferences and more This Rally Appears Positive For Gold And Silver MarketsAccording to the analysis of Carsten Menke, research director of Next Generation at Julius Baer, so far this year prices have remained within the range, but have sh...
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Why You Shouldn’t Get Excited About Gold’s Mini-Rally
Gold seems to be sleeping off its latest mini-rally and lacks the momentum to reach new highs. What happens from here? Has the USD bottomed? And what does it mean when we factor in the EUR/USD pair and poor economic indicators from Europe into the equation? [soros] Q4 2020 hedge fund letters, conferences and more Gold’s Mini-RallyNot much happened yesterday (Jan. 21), but what happened was relatively informative. And by “relatively” I mean literally just that. Gold moved lower yesterday and in today’s pre-market trading, doing so despite another small move lower in the USD Index. The moves are...
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Will Inflation Make Gold Shine in 2021?
Inflation will be one of the greatest upside risks for gold in 2021. Will it materialize and make gold shine? Q4 2020 hedge fund letters, conferences and more Gold In 2021 Is Incomplete Without InflationThe report about gold in 2021 would be incomplete without the outlook for inflation . We have already written about it recently, but this topic is worth further examination. After all, higher inflation is believed to be one of the biggest tail risks in the coming months or years, and one of the greatest upside risks for gold this year . Most economists and investors still believe that inflation...
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Will Biden Inaugurate Gold’s Rally?
The price of gold increased on Inauguration Day, arousing investors’ hopes for a new bullish phase. Q4 2020 hedge fund letters, conferences and more Gold Price Increased On Inauguration DayLadies and gentlemen, it’s official now – Joe Biden and Kamala Harris have been sworn in as the President and Vice-President of the United States, respectively. What does this imply for America? Well, before we move on to Biden, let’s say goodbye to Trump. You can love him or hate him, but there is no denying that the 45th presidency was excellent for the price of gold. As the chart below shows, the price of...
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Here’s Why Gold Recently Moved Up
Gold prices moved higher as the USD Index moved lower in today’s pre-market trading. Before providing you with my thoughts on why that happened and what the implications are, let’s see exactly what transpired. Q4 2020 hedge fund letters, conferences and more Figure 1 - USD Index The USD Index BreakoutIn yesterday’s (Jan. 19) analysis , I commented on the above USD Index chart in the following way: The USD Index is after a major breakout above the declining resistance lines and this breakout was confirmed. Consequently, the USD Index is likely to rally, but is it likely to rally shortly? The an...
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Pandemic 2020 Is Gone! Will 2021 Be Better for Gold?
Hurray! The disastrous year of 2020, which brought about the COVID-19 pandemic , the Great Lockdown , and the economic crisis , is over! Now, the question is what will 2021 be like – both for the U.S. economy and the gold prices. Q3 2020 hedge fund letters, conferences and more Important Economic TrendsTo provide an answer, below I analyze the most important economic trends for the next year and their implications for the yellow metal. 1. Society gains herd immunity by vaccination and the health crisis is overcome.2. With herd immunity approaching, the social fabric returns to normality, and t...
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Why is Now the Time to Buy Gold with Bitcoin?
Last week, the Bitcoin price rose 40%, which helped push the cryptos market past the $1 trillion market cap. Within the past 12 months, Bitcoin surged about 400%. Social Capital’s Chamath Palihapitiya indicated that Bitcoin could reach $100,000 and further over the course of the next 5-10 years. Because of this success, crypto investors should now reassess their investments and consider taking their profits to buy gold with Bitcoin. Q3 2020 hedge fund letters, conferences and more What is Happening to the Bitcoin Price?For the first time last week, the crypto market crossed over the $1 trillio...
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What’s Up With Bitcoin? The Data
With all the talk about Bitcoin, at Cornell Capital Group we thought it is time to delve into the data. The data sample employed in the analysis consists of the daily returns on Bitcoin, the NASDAQ Composite Index, GLD (an ETF that tracks the price of gold), Tesla, and Amazon from January 1, 2015 through January 8, 2021. I also consider a more recent subperiod that runs from March 10, 2020 through January 8, 2021 to determine whether things were different during the recent stock market and Bitcoin booms (other than the fact of the runups themselves). Here I summarize the results of the analysi...
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Livermore Partners: We Will Continue Owning Gold Assets In 2021
Livermore Partners’s David Neuhauser in an interview with TD Ameritrade Network’s Oliver Renick says, “If you believe in Fairy Tales and Unicorns you’ll love this Market”. He also explains why he likes gold assets as a safe haven for 2021. Q3 2020 hedge fund letters, conferences and more To Partners and Friends: Livermore Will Continue Owning Gold Assets In 2021Markets are are off to a mixed start with value gaining and tech diverging. Gold continues to hold its range although higher interest rates are causing sell programs and weakness for the technicals of the metal. This is impacting valuat...
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The Gold Market in 2020 and Beyond
Was the past year good for the yellow metal? What happened in 2020 and what will 2021 be like for the gold market? Q3 2020 hedge fund letters, conferences and more The Gold Market In 2020Nobody expected the Spanish Inquisition! And nobody expected a pandemic in 2020! Oh boy, what a year… How good that 2020 has already passed! It was an extraordinary year, unlike any other in many decades. Unfortunately, 2020 was a disastrous time for many people all over the world who suffered from COVID-19 or whose relatives and friends died because of the coronavirus or the collapse of the healthcare system…...
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