Vince Lanci
Vince Lanci Articles
Gold and silver are both lower this morning. And the big news is that Trump has said he will go forward with tariffs on Canada and Mexico.
There was a lot happening in the gold market even before Trump said 'we’re going to go into Ft Knox to make sure the gold is there.'
Gold is rallying again this morning. At the same time we're finding out that China's Treasury holdings have just dropped again.
The gold market just hit another new all-time high today. Which is also coming right as Goldman Sachs has just raised their price target to $3,100 per ounce.
The gold price continues to rise, and now as earnings season is getting underway for the miners, even the banks are starting to take notice.
With Gold making another all-time high, Vince digs into the dynamics pushing it higher.
One of the constant themes from last year's historic gold & silver rally was how the bullion banks had to continually raise their price targets to keep up.
If you were hoping today would be the day that things would settle down in the gold and silver markets and return to normal, then don't watch this one.
So after months of talk, new tariffs have finally been enacted. Which means that the volatility we’ve seen over the past few months isn’t likely to go away any time soon.
At this point you have probably heard plenty about the stresses in the gold and silver markets.
