Daily Gold & Silver Updates

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CitiBank Gold Price Forecast 2015

Admin October 20, 2014
Citi Research has trimmed its price forecasts for gold and silver. Gold is expected to be under pressure in the fourth quarter, but by 2016, Citi sees the average price rising again. The 2014 average forecast was revised to $1,275 an ounce from $1,300 previously, while the 2015 gold price forecast was trimmed to $1,225… Continue Reading »
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Goldman Sachs Gold Prediction 2015

Admin October 20, 2014
Wondering what Goldman Sachs is predicting during 2015 for gold and silver prices? Find out their price targets on gold and silver and their recommended trade. Goldman believes that the Ukraine-Russia crisis and economic weakness in Europe and Japan have been supporting gold somewhat, but prices are being pressured by Federal Reserve policy. Jeffrey Currie, head of… Continue Reading »
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BMO Capital Markets Gold & Silver Price Forecast 2015

Admin October 20, 2014
BMO Capital Markets have recently cut its forecast for gold, silver and platinum prices, predicting that the precious metals will lag other commodity markets during 2015. In a research report regarding 2015 forecasts, the Canadian bank lowered its average 2015 gold forecast to $1,190 an ounce, down from $1,275. It reduced its silver forecast to $17.50… Continue Reading »
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Ron Paul Asks Will Switzerland Get Their Gold Back?

Admin October 16, 2014
On November 30th, voters in Switzerland will head to the polls to vote in a referendum on gold. On the ballot is a measure to prohibit the Swiss National Bank (SNB) from further gold sales, to repatriate Swiss-owned gold to Switzerland, and to mandate that gold make up at least 20 percent of the SNB’s… Continue Reading »
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Silver ETF Holdings Explode & Gold Holdings Decrease

Admin October 15, 2014
Silver ETF holdings have reached unprecedented levels as gold ETF holdings continue to fall. This trend of decreasing gold and increasing silver holdings started with the price drop in gold and silver in early 2013. Since then, gold ETFs have continued to experience outflows while silver ETFs have experienced inflows. The inflow of silver ETFs… Continue Reading »
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Swiss Gold Initiative Referendum to Acquire 1500 Tons of Gold

Admin October 14, 2014
Switzerland has historically been a nation of sound monetary policy and low inflation. But this has rapidly changed during the past few decades as the Swiss government quietly removed the 40% gold backing of their currency from the revised Federal Constitution which was adopted by a majority vote in 1999. Since 2008, the Swiss National… Continue Reading »
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Jim Rickards Discusses US Dollar & Gold Price Moves

Admin October 7, 2014
Best-selling author Jim Rickards discusses gold’s recent price action and how the US dollar has affected global markets. “To me, gold is a form of money. Every currency in the world, including gold are down against the dollar,” he says. “So I don’t really think it’s a gold story, I think it’s a dollar story.” Rickards… Continue Reading »

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