2020 was a good year for Gold and other precious metals as the economy weakened amid the coronavirus pandemic. Gold reached its all-time high of $2073 in August 2020. Gold, at the time of writing this article on December 23, 2020, was trading at around $1864 about 68.6% higher than its eight years low of $1046.25 in December 2015. Silver was lagging the gold most of the time since late 2017 and got ridiculously cheaper than gold when the world’s economy was frozen in march 2020. However, silver has outperformed gold and palladium in 2020 as the economy started to recover.
Gold Price Analysis
2019 has been an amazing year for the gold and gold mining stocks. However, the recent gold rally is far from over. The fundamental reasons behind an explosive gold run in the future were discussed in an earlier article 8 Reasons to Buy Gold and Gold Mining Stocks. This post is focused on the long […]
Casey Research published two articles listing 8 reasons why they think we are on the verge of “an epic gold bull market”. Their chief analyst Nick Giambruno believes we are about to see a remonetization of gold, a paradigm shift in the international monetary system, of an order not seen since 1971. Gold skyrocketed over […]
Platinum to Gold ratio has a brief but clear history as a leading indicator for Gold.
Around major bottoms in precious metals, Platinum tends to outperform and lead Gold. Since February Platinum has strongly outperformed Gold while registering an important positive divergence.
Long-term oriented investors and speculators should be aware of the near-term trends but they should also be aware of the conditions that will lead to a shift from a bear market to a bull market.
Why I Want to Identify Gold Peaks? I have always been a fan of gold jewellery and started buying Gold since late 90’s whenever I had a bit of extra savings. In mid 2008, when I first got interested in learning about stock market I read articles about investing in gold and mining sector. When […]
Highlights: Lesson to be Learned from Gold’s 200 Years Price History Gold Price Projection Based on Technical Analysis Gold Price Forecast Using Elliot Wave Analysis Will gold Surpass US$2000? Overall, 2016 has been a great year for gold and gold mining stocks because the gold’s bottom was confirmed. Gold closed 8.5% higher in 2016 than […]
Last time I published my views on gold was on November 24th, 2016. Gold, silver and in general, the whole mining sector was under great pressure since 2016 US elections. Gold kept trading lower until it reached US$1124 on December 14th, 2016. Like many of those in the bullish camp in the mining sector, I […]
Will Gold Resume its Uptrend? Since reaching $1375 high of July 3rd, 2016 gold has given up more than 50% of its recent gains. Gold was hovering near its $1200 support level after 2016 US presidential elections which was broken on November 23rd, 2016. Currently I am watching for the next support at $1173 which […]
When I wrote the post “Has Gold Reached The Top?” in the last week of May 2016, gold was in correction phase and trading in $122X range. After reviewing various indicators and historical trends I concluded my post with: “Based on the historic and cyclical gold market trends, I am quite convinced that it is […]