Vince Lanci
Vince Lanci Articles
As we head into next week's BRICS Summit, gold and silver are surging again. Gold has crossed over $2,700 and the December futures are currently trading at $2,728. While silver broke through the $32 level last night and is now at $32.45.
We’re seeing some interesting reactions in the gold and silver markets this week in response to the latest government inflation numbers.
While Central Banks and BRICS nations have been buying gold at an increased pace over the past 2 years, there have also been signs of growing awareness in the west.
The gold price has settled into a range this week following another torrid rally in September. And with the banks still holding a record short position, the possibility of a selloff remains elevated.
Goldman Sachs sent out a new gold report on Monday, and they once again raised their gold target for early 2025. This time to $2,900.
Gold and silver prices are slightly lower to start the week, while the Nikkei is down almost 5% overnight.
Gold and silver are rallying again this morning, as the December gold futures are nearing $2,700, while silver is again above the $32.50 level.
As we continue to see the gold price set new all-time record highs on what sometimes feels like a daily basis, has the gold market become a bubble? How would you know if it's become overvalued?
The banks continue to put their gold reports out ahead of this week's Federal Reserve meeting, and in this morning's show Vince Lanci takes a look at the latest comments from UBS.
One of the standout features of this year's gold and silver rally has been how frequently the major banks have had to update their price targets. Which is especially noteworthy, because while the gold and silver markets have been waiting...
