Do you know which precious metal has been the weakest in 2019?

From Allen Sykora: Silver is the weakest of the precious metals this year, losing 7% so far in 2019, with little on the horizon to pull it up aside from any bounce in gold, said UBS. "Gold remains a key driver for silver prices, and therefore lackluster price action has mostly been acting as a drag," UBS said. "Investor indifference towards gold is amplified even more in silver."  The gold-silver ratio has climbed above 89, the highest since 1993 and representing an underperformance by silver. "This could ultimately attract interest - at the very least from a relative value perspective - but the bar remains high for silver upside catalysts that could trigger a sharp reversal in the ratio for now," UBS said. "A convincing break higher in gold is likely to revive investors' enthusiasm towards silver, with the view that there's plenty of catching up to do. However, although certain macro factors are looking more supportive for gold here (further decline in rates, weakness in equities), the dollar remains strong and broader conditions still appear insufficient to call for a strong bull run for now." Unlike gold, more than 50% of silver's demand is for industrial uses, meaning exposure to economic activity. "On this front, silver has met challenges given risks to global growth amid higher tariffs and continued trade tensions between the U.S. and China," UBS said. "Base metals have similarly come under pressure. Global sales of semiconductors are down sharply, and our colleagues in equities note high inventories amid slower rate of demand in end markets." Meanwhile, holdings of silver by exchange-traded funds are down by 2%, or 10.95 million ounces, so far in 2019, UBS added.
NYSE:SLV May 30, 2019 3:12pm

Why is this billionaire predicting gold could hit $5,000?

gold
From Neils Christensen: You can add another billionaire to the bullish gold camp as Thomas Kaplan, chairman and chief investment officer of Electrum Group said in a recent interview with Bloomberg that gold is on the cusp of a new decade long bull market.
NYSE:GLD

Gold prices move higher as the US housing sector is starting to wane

From Kitco : (Kitco News) - Momentum in the U.S. housing sector is starting to wane as fewer consumers bought new homes last month.
NYSE:GLD May 23, 2019 3:45pm

Gold prices are being manipulated on Chinese markets

Gold
From Kitco News: Gold prices are being manipulated on Chinese markets, said Frank Holmes, Chief Investment Officer and CEO at U.S. Global Investors.
NYSE:GLD May 21, 2019 1:58pm

Gold Prices Pull Back

fine gold bars
From Jim Wyckoff: (Kitco News) - Gold prices are slightly lower in early-morning U.S. trading Tuesday. Prices did poke to a four-week high overnight. The yellow metal is seeing a normal corrective pullback following Monday's good gains, which put the bulls in a much better technical posture. June gold futures were last down $2.00 an ounce at $1,299.80. July Comex silver was last up $0.038 at $14.815 an ounce.
NYSE:GLD May 14, 2019 5:30pm

Why does Goldman Sachs believes gold will outperform silver?

gold bar closeup
From Allen Sykora: (Kitco News) - Goldman Sachs favors a pair of spread trades in the precious-metals complex, looking for gold to outshine silver and palladium to outperform platinum.
NYSE:GLD April 26, 2019 1:40pm

World Bank predicts silver prices will remain a current levels for 2019

gold bars
From Kitco: Kitco News) - Gold prices are struggling to bounce off its year-to-date lows, but the World Bank remains optimistic that prices will continue to move higher through the rest of the year.
NYSE:SLV April 24, 2019 1:53pm

Copper prices remain steady ahead of important China data

copper bar etfs
From Reuters:
* Focus on credit and liquidity in China
NYSE:CPER April 15, 2019 6:19pm

Is This High Gold-Silver Ratio Sustainable?

fine gold closeup photo
From Allen Sykora: The rise in the gold-silver ratio is unsustainable and will correct, says Richard Baker, editor of the Eureka Miner's Report. This ratio measures how many ounces of silver it takes to buy an ounce of gold. A rising number means underperformance by silver, and vice-versa. Baker points out that the silver has hit levels not seen since November 2008 during the financial crisis. The ratio was 86.6 Thursday, well above its 10-year average of 66.2. "This suggests silver is very, very cheap relative to the yellow metal, at least in historical terms," Baker says. "The gold-to-copper ratio, although not extreme, is also elevated considering the safe-haven demand for gold has declined from earlier this year."
NYSE:SLV April 12, 2019 3:12pm

Silver prices gains after the dollar moves lower

long and stacked silver bars
From Jim Wyckoff: Gold and silver prices are posting moderate corrective gains in early-morning dealings Friday, following the sharp losses suffered Thursday. Overnight, gold did drop to a three-week low, while silver hit a three-month low. Some mild U.S. inflation data just released is also helping out the precious metals market bulls. April gold futures were last up $6.10 an ounce at $1,295.90. May Comex silver was last up $0.122 at $15.09 an ounce.
NYSE:SLV March 29, 2019 1:06pm

Gold prices fall below $1,300, as USD rallies

gld stock
From Jim Wyckoff: (Kitco News) - Gold prices are posting strong double-digit losses and have slipped well below the key $1,300.00 level in early U.S. trading Thursday. The precious metals bulls are fading late this week amid a resurgence of the U.S. dollar index. April gold futures were last down $18.90 an ounce at $1,291.40. May Comex silver was last down $0.163 at $15.13 an ounce.
NYSE:GLD March 28, 2019 11:32am

Commerzbank predicts Silver to reach $16.50 Silver in 2019

long and stacked silver bars
From Allen Sykora: (Kitco News) - Commerzbank looks for gold to climb as high as $1,400 an ounce and silver to $16.50 before the end of 2019.
NYSE:SLV March 18, 2019 2:34pm

Gold remains above $1,300 on hopes the Federal Reserve will remain accommodative in 2019

gold bars
From Reuters:
By Sethuraman N R
NYSE:GLD

Demand for gold should continue to rise in 2019

gld stock
From Allen Sykora: U.S. retail investment demand for gold and silver should pick up in 2019 on a bounce from a weak 2018, as well as higher prices by end of the year, says the consultancy Metals Focus. Retail gold demand, such as bars and coins, peaked at nearly 3 million ounces in 2016, the highest level since 2010, but subsequently fell to under 1 million in 2018, Metals Focus says. The U.S. Mint's combined sales of American Eagle and Buffalo gold coins fell from 1.2 million ounces in 2016 to less than 400,000 last year, Metals Focus points out. Sales of both gold and silver coins jumped to two-year highs in January, but then slumped again in February, the consultancy continues. "Looking ahead though, we still forecast modest full-year gains for both gold and silver retail investment in the U.S.," the consultancy says. "Part of this reflects the comparison against very poor totals in 2018." However, analysts say, "we expect gold and silver prices to strengthen before end-2019. Although this will generate some profit taking, we believe this will be offset by more significant levels of retail demand, delivering single-digit percentage gains for both metals."
NYSE:GLD March 13, 2019 11:18am

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