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Gold futures end higher for day, post losses for the month and quarter forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.
Camino to Launch Marketing Campaign Ahead of Planned Exploration and Corporate Development Initiatives newjerseytelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newjerseytelegraph.com Daily Mail and Mail on Sunday newspapers.
Speaking about gold’s price history, Handwerger noted that from 1999 to 2011 the yellow metal ran up from about US$250 to almost US$2,000 before dropping again. “(Then) we had a 10 year base from US$1,900 to about US$1,050, and a 50 percent correction, which is quite normal in a basing period. Now we’re going to start the second powerful leg of that gold rally,” he explained, noting that gold’s drivers include factors such as widespread global money printing. “Junior miners have been preparing and gold investors have been preparing for a scenario just like this, where you see the government’s only move is to continue to print and stimulate the economy. And that’s going to continue to happen at a record pace in 2021,” he added. ....