The head of commodity strategy at Saxo Bank said there’s one commodity that could hit an all-time high next year, potentially rallying more than 100% from current levels.
https://www.cnbc.com/2020/12/11/saxo-bank-sees-potential-for-one-metal-to-rally-over-100percent-next-year.html
Rogers said he was not buying gold or silver at current prices, but was looking at declines in both precious metals to add to his portfolio. He was one of the earliest investors to predict the boom in commodities in the early-2000s.
“Silver is much cheaper than gold on a historical basis. I will buy both (silver and gold), but I will buy more silver.”
https://www.reuters.com/article/idUSKBN28A1Y3
That’s what many expect. Speculations are getting wild about election results and how they affect the markets. Many other aspects come into play and a heated emotional debate is in play since one’s political affiliation might trigger more emotions…. Stop! Any debate in one’s mind is not helpful for market play. Surprise news typically initiate perfect storms in the market. This is not the case right now. We don’t have certainty in who will be president just yet, but there are plenty of…
In a basin high above Ouray’s bustling tourist shops and hot springs pools, one of the precious metals that birthed this town and fired up its early boomtown days, is readying for a comeback. The first major silver mine in the San Juan Mountains in at least 80 years is on course to be in production next spring.
Aurcana Silver Corp., a Vancouver company that owns Ouray Silver Mines Inc., is deep into pre-production work at the Revenue-Virginius Mine, one of the largest and oldest…
Citigroup estimates silver could surge to $40 an ounce in the next 12 months due to a recovery in industrial demand and strong investor appetite for precious metals. Analysts including Max Layton wrote in a note that silver will outperform gold because it is “more levered than gold to inflation overshoots, rebounding manufacturing activity.”
The metals remain in a trading range as do the mining stocks likely due to the both the upcoming election and the announcement of the next stimulus bill, which is coming closer to both parties agreeing on. I don’t think we will get one before the Nov 3rd.
Suddenly it seems that nearly all of The Banks and Bullion Banks are raising price forecasts and rallying around the precious metals. Is this a good thing or a bad thing?
