STEEMIT Gold / Silver Report: BMO Maintains $1,280 Price Target For Gold; Interest Diverted To Industrial Metals VIDEO / 3 Mins.

in #gold6 years ago


Moving into the new economy, we will build this together friends.

Precious Metals are being backed as Blockchain assets every week, we can have it all.

Let's chase Liberty and rid ourselves of the Banksters messing with everyone on the planet.


Reminder that the Government of Canadastan sold off all reserves of our gold not long ago, in early March of 2016.

Our money, like most, is literally backed by NOTHING and that is addressed in part in the COMER.org lawsuit against the government, to return the monetary policy to the hands of the PEOPLE.

COMER is the Canadian version of END THE FED in the USSA.

https://globalnews.ca/news/2557900/canada-sells-off-remaining-gold-reserves-has-just-77-ounces-left/?sf21979544=1


Resource Today:

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From Kitco:

A lot of investor interest in the mining space is currently diverted into the industrial metals, while interest in the precious metals space is very tepid, said Andrew Kaip, Managing Director of Precious Metals at BMO Capital Markets.

This interest in industrial metals comes as President Trump has recently issued an import tariff on steel and aluminum.

A risk-on appetite, fueled by rebounding global growth, does not provide incentives for the average retail investor to own gold as a safe haven asset, said Kaip.

“[Gold] is viewed as a safe haven, but when you have global growth in the manner that we are seeing right now, and you have a very healthy economy in the United States, full employment, Europe is rebounding, you really have to think that some of the reasons for owning gold just aren’t there with the average person,”

-- Kaip told Kitco News on the sidelines of the BMO Global Metals & Mining Conference.

“We are seeing some early signs of interest in the precious metals space, but it’s very tepid right now,” Kaip said.


Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

For more breaking news, visit http://www.kitco.com/

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Thanks for reading, have a nice day.


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Yes, global growth is making gold/silver less attractive, nobody wants it. But @barrydutton, isn't it the time to buy it, when nobody wants it? The economy hasn't had a recession for very long, so it is statistically very likely. When a recession hits, everybody will want gold/silver.

Buy some gold and silver before it jumps up with a recession :)

Always buy what you believe in, look at the data, buy the dips in things and like you said, when others are not / or see blood in the streets.

Fundamentals will always win out.

thank you for sharing the information well i understand

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