Gold Below US$1,800, Experts Say Long-term Drivers Intact investingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investingnews.com Daily Mail and Mail on Sunday newspapers.
Catch up and get informed with this week’s content highlights from Charlotte McLeod, our editorial director.
The gold price improved this week, keeping its head above the US$1,800 per ounce mark and even trading above US$1,850 for a short period of time.
Speaking about gold, John Kaiser of Kaiser Research told me he’s surprised that the US$1,800 to US$1,900 price point isn’t more exciting for market participants in his opinion, this is an important level for discoveries and exploration as it lowers the bar for what plays can be considered viable.
“I don’t think it has really sunk into the market that gold at this level is really important for deposits that are not yet developed, and it lowers the bar for exploration, what counts as a discovery” John Kaiser, Kaiser Research
Silver market participants can be downright passionate when it comes to the topic of silver price manipulation. What are the key events and theories?
From the Hunt brothers to social media’s “silver squeeze,” silver price manipulation is a longstanding and much-discussed feature of the silver market.
Silver price manipulation dates back to 1979 to 1980, when oil baron brothers William and Nelson Hunt reportedly bought upwards of 35 million ounces of silver worth at least US$1 billion.
The Hunt brothers were buying both physical silver and silver futures, and were taking physical delivery on futures contracts instead of settling for cash. Their actions ultimately sent the white metal’s price soaring to nearly US$50, which is still its highest price to date.