First of all, I need to start off with a disclaimer. By no way am I endorsing either President Trump or former Vice President Biden in the following article. This is simply an attempt to forecast what market participants might see if Joe Biden is elected as the next president of the United States.

The last presidential debate has concluded, and the polls currently indicate that former Vice President Biden has a 10-point lead, which means that gold investors need to understand the possible impact of a Biden victory as it relates to gold pricing.

If history is any indication as to whether or not analysts can predict how gold prices will react, one simply needs to look at how gold prices moved in November 2016 when voters elected Donald Trump. Most analysts including myself believed a Trump victory in 2016 would be extremely bullish for gold and in the case […]

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Microsoft is set to announce its full Games with Gold November plans this week, with a new lineup of four Xbox One and Xbox 360 launching in a week.

No precise date has been shared, but things will need to be revealed before Sunday, November 1, 2020.

This means that the next big Xbox Live Gold reveal will be dropping over the coming days. No leaks have surfaced suggesting what might be hitting Games with Gold next.

And it’s going to take something special to top the likes of the most recent additions made to Xbox Game Pass.Microsoft’s other big subscription service just Rainbow Six Siege made part of the official lineup. And while R6 might not be a new game, it’s still very popular and has built a huge following. eFootball PES 2021 Data Pack 2.0 update makes HUGE changes October’s Games with Gold lineup included Slayaway Camp: Butcher’s […]

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Summary

Gold stocks are still correcting. Their necessary selloff to work off overboughtness and rebalance sentiment after their latest upleg peak hasn’t finished its mission.

The major gold stocks have yet to revisit oversold levels and eradicate early August’s universal greed. And they haven’t yet fallen far enough to leverage gold’s own correction normally.

The depth and duration of this gold-stock correction is dependent on gold’s own. And that doesn’t look over yet either since gold remains so far above its 200-day-moving-average support zone.The gold miners’ stocks are still correcting, continuing to rebalance both technicals and sentiment. This sector’s huge surge into early August spawned extreme overboughtness and universal euphoria, which are gradually being bled away. This same necessary and healthy corrective process is underway in gold itself, which overwhelmingly drives gold-stock price levels. This is leading to great buying opportunities.Gold-stock speculators and investors are growing weary, wondering when miners’ next upleg […]

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Bitcoin has proven itself to be a risk asset, not a safe haven, with “considerable” potential upside, according to a Friday note from JPMorgan’s Global Quantitative and Derivatives Strategy team obtained by CoinDesk.

Writing to clients in “Flows & Liquidity,” one of JPMorgan’s flagship publications, the authors said that characterizing bitcoin as a “risk” asset rather than a “safe” asset is “more appropriate” based on the leading cryptocurrency’s increased positive correlation with the Standard & Poor’s 500 Index since March.

Bitcoin’s function as a risk asset is “likely more of a reflection of a need for an ‘alternative’ currency rather than a need for a ‘safe’ asset or ‘hedge’.”

“To some extent, this is also true with gold,” the authors add, although the yellow metal’s volatility is notably lower than bitcoin’s.How investors currently perceive bitcoin’s value implies that it could “compete more intensely” with gold as an “alternative” currency over the coming […]

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Even Warren Buffett, one of the greatest investors of our time, bought some gold for his portfolio. Specifically, in the second quarter, he invested approximately US$565 million in Barrick Gold (TSX:ABX) (NYSE:GOLD) through Berkshire Hathaway . Since then, the gold miner stock has only appreciated about 7%.

Usually, Buffett doesn’t trade in and out of stocks quickly. He would potentially sell his public stock holdings when they arrive at their intrinsic values. Often, that doesn’t happen overnight.

Gold miners don’t pay much of a dividend. Right now, Barrick Gold only yields 0.60%. So, he must expect to get meaningful returns from stock price appreciation. Rising gold prices

Barrick Gold stock has been in a renewed upward trend since late 2018. The growth of its profits really started coming through in 2019 when it boosted its revenue by 34% to US$9,717 million. The EBITDA margin also improved to 46.8% from 2018’s 41.7%. […]

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It’s been quite a week for Bitcoin, a week we’ve been waiting for. The coin is up nearly 13 percent and burst through the $13,000 barrier. Some of that support came from Paypal’s decision to enable cryptocurrency purchases, a move that sent its stock soaring . The company will need that kind of rise to stay ahead of the coin’s value. Bitcoin’s valuation is now just one behind the payments processor that lets people trade it.

Traders, though, expect that Bitcoin will slow down after that strong rally, which has allowed the coin to regain its cryptocurrency dominance . Some experts think that the new level might even be meaningless. They see prices falling unless it picks up some strong support from bulls.

One person who sees any fall as temporary is Raoul Pal. A former Goldman Sachs hedge fund manager, Pal has said that he thinks Bitcoin could reach a […]

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Gold is refined at a non-ferrous metals plant in Russia. (Bloomberg) Gold continues to make headlines daily with its roller coaster ride to new record highs. With all the mixed information and “expert” opinions, it is easy to become confused when considering it as a possible investment.

Given the current challenges the world and the United States face, the possibility to see yet higher gold prices does exist. The markets continue their volatile ways and seem to have rebounded in the face of the ongoing uncertainty created by the pandemic.

But is it a good investment for your portfolio?Of all the […]

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Gold bullion bars are pictured after being inspected and polished at the ABC Refinery in Sydney on August 5, 2020.

DAVID GRAY | AFP | Getty Images

Gold jumped 1% on Monday on optimism around a U.S. stimulus bill and a weakened dollar, despite gains in the stock markets after reports that U.S. President Donald Trump could soon be discharged from the hospital.Spot gold was up 0.7% at $1,912.80 per ounce after hitting the highest since Sept. 22 at $1,918.36. U.S. gold futures settled up 0.7% to $1,920.10.Optimism over fiscal stimulus came into play after upbeat weekend comments from U.S. House […]

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Gold prices barely moved on Friday inching lower and trading in a very tight range. The dollar declined slightly after rallying on Thursday as US yields consolidated. The movement in the dollar and yield came despite a stronger than expected US retail sales report, that seemed to be countered by a slight dip in US consumer confidence.

Trade gold with FXTM Technical analysis

Gold prices edged lower trading sideways and barely moving on Friday. Prices remain above short term support is seen near the 10-day moving average at 1,902. Resistance is seen near the 50-day moving average at 1,927. […]

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Gold (XAU/USD) buyers are finally extending their control above $1900, rejoicing the renewed optimism over the US fiscal stimulus. The safe-haven US dollar wilts amid a risk-on market mood after US House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin moved closer to an agreement on a fresh coronavirus relief package late Tuesday.

Markets remain hopeful that the stimulus deal will be clinched ahead of the November election and the new funds will boost the demand for gold as an inflation hedge. The stimulus talks are likely to continue this Wednesday. Let’s take a look at how gold is positioned […]

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Long term investing can be life changing when you buy and hold the truly great businesses. While not every stock performs well, when investors win, they can win big. Don’t believe it? Then look at the Highland Gold Mining Limited ( LON:HGM ) share price. It’s 437% higher than it was five years ago. This just goes to show the value creation that some businesses can achieve. Also pleasing for shareholders was the 10% gain in the last three months.

While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic […]

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Expanded margins have created an optimal environment to invest in miners, but investors should still watch for jurisdictional risks, including the inability for miners to access their sites due to the ongoing pandemic, said Brent Cook, founder of Exploration Insights.

“If the company can’t get to site, that drops them down in terms of our interest,” Cook said.

Cook’s top picks for mining companies include Bluestone Resources (TSXV: BSR.V), Westhaven Gold Corp. (TSXV: WHN.V), and Clean Air Metals (TSXV: AIR.V).In addition, mergers and acquisitions activity have been slowed by COVID-19.“Due diligence required to do mergers and acquisitions and such, has been […]

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Gold markets initially tried to rally during the course of the week, reaching towards the $1940 level before pulling back to form a shooting star. The shooting star of course is a negative candlestick, and it suggests that we could drift lower. With that being the case, I think […]

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Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here! (Kitco News) Gold’s bull rally is still very new and prices have a chance to rise another 50% under […]

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Gold prices are back under pressure and below a critical trendline on the daily chart. The swing trading opportunities are caught up in the wash of volatility. A day trading strategy could offer an opportunity if price obeys market structure. Gold prices have been in a chop, but reluctant […]

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Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! ( Kitco News ) – Gold and silver futures prices are moderately higher in early U.S. trading […]

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Gold regained traction on Friday and recovered a part of the previous day’s losses. The technical set-up supports prospects for a move to the $1931-33 supply zone. Sustained weakness back below the $1900 mark will negate the positive outlook. Gold edged higher through the early North American session and […]

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GOLD PRICES held flat or showed a loss for the week against all major currencies except the Dollar on Friday, trading in the middle of this month’s tight range as global stock markets rallied but copper trimmed its surge to 2.5-year highs as the US currency fell following the […]

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Gold recorded a spectacular performance during the third quarter, soaring to an all-time high of US$2,067/oz in early August. Official coin fabrication surged by 53% to nearly 72 tonnes While gold prices may consolidate or be caught up in a broader sell-off in the short term, it is set […]

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GOLD PRICES gave back an earlier $10 rally to the $1920 mark in US Dollars – the metal’s previous record high from 2011 – in London trade Tuesday as European stock markets slipped amid worsening news on the second wave of Coronavirus and new US data said inflation is […]

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Gold prices kick off the week higher Getty Images Gold prices on Monday ended higher to start the week, with talk of a last-ditch effort to strike a deal by U.S. lawmakers on a fresh round of fiscal relief before the 2020 presidential elections helping to drive buying appetite, […]

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Gold futures are moving higher on Wednesday as a positive outlook for a new fiscal stimulus package from U.S. policymakers is weakening the U.S. Dollar, while driving up foreign demand for dollar-denominated gold. Additionally, optimism that U.S. lawmakers could reach an agreement on a pre-election coronavirus relief deal is […]

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Jung Yeon-Je/Agence France-Presse/Getty Images Gold futures pulled back from a one-month high Thursday as the U.S. dollar bounced and Treasury yields continued to push higher, raising the opportunity cost of holding non-yielding assets like commodities. Gold for December delivery GOLD, +1.10% fell $14.10, or 0.7%, to $1,915 an ounce […]

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Gold markets have broken down a bit during the trading session on Thursday, slicing through the 50 day EMA. That of course is an indicator that a lot of people pay attention to. Ultimately, I think that the fact that it has gone flat tells you that gold is […]

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