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Urgent & Important Warning! How Many Ounces Of Gold and Silver Are You HOLDING? Vince Lanci
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Urgent & Important Warning! How Many Ounces Of Gold and Silver Are You HOLDING? Vince Lanci
Gold prices reached another record high on Monday, driven by expectations of US interest rate cuts and the metal's status as a haven asset. Spot gold rose by 0.3% to reach 2,240.04 dollars per ounce. Joseph Cavatoni, a market strategist at the World Gold Council, described the current gold market as "exciting," attributing the surge to growing confidence among market speculators in potential Federal Reserve cuts.
However, Vince Lanci, a Market Trader, criticized Western journalists for attributing gold market movements solely to actions by the US, particularly the Fed. He argued that such narratives overlook the influence of other significant players, such as central banks in different countries, in shaping the gold market.
Cavatoni noted that the gold rally had been fueled by solid purchases from central banks worldwide seeking to diversify their reserve portfolios amidst geopolitical risks, domestic inflation concerns, and weakness in the US dollar. China, in particular, has emerged as a leading driver for consumer demand and central bank gold purchases, according to data from the World Gold Council.
A Bloomberg report mentioned that gold's gains were tempered after reaching an all-time high as traders reassessed the Federal Reserve's rate-cutting trajectory following solid US factory data. The report suggested that the rally in gold might be influenced by expectations of Fed easing.
However, Vince expressed skepticism about Bloomberg's analysis, arguing that gold's surge is primarily driven by other factors, such as geopolitical tensions in the Middle East and Ukraine and significant buying by central banks, especially in China. He disputed that bets on Fed easing were the primary driver behind gold's recent gains.
The price of silver opened at 25.15 dollars per ounce, marking a 1.62% increase from the previous day's closing price and a 5.13% rise since the beginning of the year. Silver's performance over the past year saw its 52-week high hit 26.13 dollars on May 4, 2023, while its low dropped to 20.69 on July 26, 2023.
Vince highlighted an observation suggesting that the GDX (VanEck Vectors Gold Miners ETF) and silver are at a pivotal point, indicating that a significant move is likely imminent.
Gold has seen sharp advances in recent sessions, extending its streak of new all-time highs. Momentum indicators indicate overbought conditions in the gold market. This surge in gold prices has been driven by escalating geopolitical tensions, mainly due to the ongoing Russia-Ukraine conflict. Investors seeking refuge amidst these concerns have turned to gold, drawn by its perceived stability as a safe-haven asset.
Vince further asserted that significant movements in the gold market typically only occur with the knowledge and influence of institutions like the Bank of International Settlements. This implies that institutional actions and decisions could be pivotal in shaping gold market dynamics.
"Welcome to our channel dedicated to gold and silver investing! In this video, we provide expert insights and analysis on the latest trends in the gold and silver market. Discover strategies for investing in precious metals, including gold and silver bullion, coins, and jewelry. Stay updated with real-time price updates and market news, and learn how to diversify your portfolio with gold and silver. Whether you're a beginner or an experienced investor, our channel offers valuable tips and guidance to navigate the world of precious metals.
Subscribe now for in-depth analysis, historical data, market forecasts, and more. Join our community of gold and silver enthusiasts and unlock the potential of these timeless assets. #GoldAndSilverInvesting #PreciousMetalsChannel #InvestingTips"
We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news.
We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video!
#gold #goldpriceprediction #vincelanci
Gold prices reached another record high on Monday, driven by expectations of US interest rate cuts and the metal's status as a haven asset. Spot gold rose by 0.3% to reach 2,240.04 dollars per ounce. Joseph Cavatoni, a market strategist at the World Gold Council, described the current gold market as "exciting," attributing the surge to growing confidence among market speculators in potential Federal Reserve cuts.
However, Vince Lanci, a Market Trader, criticized Western journalists for attributing gold market movements solely to actions by the US, particularly the Fed. He argued that such narratives overlook the influence of other significant players, such as central banks in different countries, in shaping the gold market.
Cavatoni noted that the gold rally had been fueled by solid purchases from central banks worldwide seeking to diversify their reserve portfolios amidst geopolitical risks, domestic inflation concerns, and weakness in the US dollar. China, in particular, has emerged as a leading driver for consumer demand and central bank gold purchases, according to data from the World Gold Council.
A Bloomberg report mentioned that gold's gains were tempered after reaching an all-time high as traders reassessed the Federal Reserve's rate-cutting trajectory following solid US factory data. The report suggested that the rally in gold might be influenced by expectations of Fed easing.
However, Vince expressed skepticism about Bloomberg's analysis, arguing that gold's surge is primarily driven by other factors, such as geopolitical tensions in the Middle East and Ukraine and significant buying by central banks, especially in China. He disputed that bets on Fed easing were the primary driver behind gold's recent gains.
The price of silver opened at 25.15 dollars per ounce, marking a 1.62% increase from the previous day's closing price and a 5.13% rise since the beginning of the year. Silver's performance over the past year saw its 52-week high hit 26.13 dollars on May 4, 2023, while its low dropped to 20.69 on July 26, 2023.
Vince highlighted an observation suggesting that the GDX (VanEck Vectors Gold Miners ETF) and silver are at a pivotal point, indicating that a significant move is likely imminent.
Gold has seen sharp advances in recent sessions, extending its streak of new all-time highs. Momentum indicators indicate overbought conditions in the gold market. This surge in gold prices has been driven by escalating geopolitical tensions, mainly due to the ongoing Russia-Ukraine conflict. Investors seeking refuge amidst these concerns have turned to gold, drawn by its perceived stability as a safe-haven asset.
Vince further asserted that significant movements in the gold market typically only occur with the knowledge and influence of institutions like the Bank of International Settlements. This implies that institutional actions and decisions could be pivotal in shaping gold market dynamics.
"Welcome to our channel dedicated to gold and silver investing! In this video, we provide expert insights and analysis on the latest trends in the gold and silver market. Discover strategies for investing in precious metals, including gold and silver bullion, coins, and jewelry. Stay updated with real-time price updates and market news, and learn how to diversify your portfolio with gold and silver. Whether you're a beginner or an experienced investor, our channel offers valuable tips and guidance to navigate the world of precious metals.
Subscribe now for in-depth analysis, historical data, market forecasts, and more. Join our community of gold and silver enthusiasts and unlock the potential of these timeless assets. #GoldAndSilverInvesting #PreciousMetalsChannel #InvestingTips"
We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news.
We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video!
#gold #goldpriceprediction #vincelanci
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